PBD Podcast - Tom Ellsworth & Vincent Oshana | PBD Podcast | Ep. 168

Episode Date: July 5, 2022

In this episode, Patrick Bet-David is joined by Tom Ellsworth, Vincent Oshana, and Adam Sosnick to discuss the current state of the economy, Facebook Downsizing, Rachel Maddow and much more... TOPICS 0:00 - Intro   7:56 - We are in a recession   18:15 - Dave Ramsey saying real estate will not take a hit   27:27 - Historical mortgage rates   32:52 - What we should do to save the economy  39:37 - Fifty percent of Americans are living paycheck to paycheck   50:52 - Joe Rogan claiming Ron Desantis would be a good president   1:04:38 - CNN claims eight white economists say US is in a recession  1:14:07 - Mark Zukersbergs are destaffing because of potential economic downturn  1:33:16 - MSNBC replacing Rachel Maddow with Alex Wagner.   1:44:20 - Whether you should live in Florida or California Watch Vincent Oshana on Twitch: https://bit.ly/3L81YKf Follow Vincent Oshana on Instagram: https://bit.ly/3v5gQDk Follow Vincent Oshana on Twitter: https://bit.ly/3v3ZQgT Text: PODCAST to 310.340.1132 to get added to the distribution list Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal bestseller Your Next Five Moves (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.   To reach the Valuetainment team you can email: [e-mail] --- Support this podcast: https://podcasters.spotify.com/pod/show/pbdpodcast/support

Are you out of your mind? Here's the debate. You're upset. They're saying we believe. This is it. I thought that. That's stuff we have to talk about as well. Episode 168 today, folks with Adam Sawasnick. Did you see what I just said? Did you see that? But my plan was to have it stand up. That's my standard. But I it dropped. So it's your version of the water bottle flip right? No, it didn't

work out. Okay, Vinay Oshana, Tom Ellsworth 168. Lots of cover with you. Hope you had a good fourth. I know yesterday shot out to Mario Mario Brought I don't even know where he got this from you know because you know the community when an Iranian moves in and Fourth of July shows up neighbors worry a little bit Because they don't know what kind of fireworks you're gonna do So when an Iranian comes up and says I got some fireworks. I'm gonna do this. We can everybody leaves the community They just say this is probably not a good idea, but last night what Mario did was did you see that stuff? I don't know if you said it. In the same, including the one where the box fell over and it blew and it almost

hit Mario. Oh really? So, so, so Tichran did one of them. It just blew up right there. Pile everybody. But anyways, hope you guys had a good fourth of July. No, Jason Pierre Paul incidents. No, they're losing fingers. No, Jason Pierre Paul. Close though, but no Jason Pierre Paul's. No flying thumbs. Yeah, no Jason Pierre Paul. How was New York? You were in New York. I freaking love New York. Tell us about it. Tell us about it. I mean, I was just there for three days, filming a bunch of content. How expensive is it to live in New York?

Are you considering leaving New York? 21 billion billion worth of wealth has left New York. Explain why you think that is. Got all sorts of different answers. Along with the taxes. It's true. And- All's a food then. The food was great little Italy, you know,

Chinatown, Cats is deli. You gotta go check out Cats is deli get a pastrami Ruben sandwich. Just, I used to go to New York every summer. Every summer for the last decade. And I haven't been since the lovely I got a cat's deli, get a pastrami, Ruben sandwich, I used to go to New York every summer, every summer for the last decade and I haven't been since the lovely trip to Addison and Dallas and I haven't been back.

I've heard of your Addison. Yeah, exactly. It's not a good thing. So it was good to be back was, I've asked a million people seeing this, you've seen this, I said, before the pandemic, if New York was a tent, vibrant, hustling, bustling, everything going on, and then during the pandemic, everything shut down and went was a 10, right? Vibrant, hustling, bustling, everything going on.

And then during the pandemic, everything shut down and went to a zero. Where is it now? And I've gotten all sorts of answers. Six, seven, four, three, two, eight. You know, I would say it's a solid eight right now from the weekend. Like it was good. Things are happening. Things are going on.

Obviously during the summer, a lot of people go to the Hampton, especially on the weekend. But I got a lot of good answers from New Yorkers. Anything that stood out, give us anything that stood out. What stood out? I mean, normalcy. I think that's like, all right, New York's back to normal. Again, there's still people running around

with masks on outdoors. No, yeah. The responsible people. Very, you know, outdoors, that's kind of, I get it inside, you don't want to, you know, whatever. One bar, I've been, I went to a bunch of bars, a bunch of restaurants, one bar at, one bar, asked for a vaccine card before I walked.

Really? Yeah. And I gave him like my target card, I was like, yeah, he's like, I don't think they've been looked. They're not, I think they're just looking for anything. So you had a good time. I had a great time in New York. Okay, good.

Well, sounds good. Let's talk about the stories we got here. I will say that there's a, like, I'm waiting for like some kind anything. So you had a good time. I had a great time in New York. Well, sounds good. Let's talk about the scores we got here. I will say that there's a ton. Like, I'm waiting for like some kind of a, you know, there's a very overt out there, like pride situation going on. Cool. I'm all for gay pride, great, you know, but like, very overt, very overt. Where they can run this thing.

When they spoke to you. No, I was focusing on the ladies. I was like, I kissed two guys. No, I was focusing on the ladies. I was like, I kissed two guys. Whatever, you had to give them the club somehow. But it was, it was, you know, very over. Got to go. I think that that bright story,

there's a story there. Maybe you don't want to see the camera. We'll talk about it. Yeah, there's nothing going on behind the scenes. I swear, I swear. So, okay, all right. So aside from that story that we have here, folks, a couple of things that's going on that I want to talk about.

One, you always know when the market correction is coming, when first luxuries start taking a hit, exotic cars, watches, Rolex, restaurants, like exotic, exotic, expensive places. There's an article we'll cover with that. Tyler, you may want to look that up. The other one is companies are actually start to rescind offers.

Like, hey, here's a job offer. 120 a year with a 20,000 dollar bonus with benefits and all this others have you start the 17th. Awesome. Let me put a two week notice and a week later, listen, we're going to have to rescind that job offer. We gave to you, we're going a different direction. Many, many companies are doing that today.

Zuckerberg called that many of his employees prepared that article as well with Zuckerberg said, he says many of you guys probably don't deserve to work here and you're probably not good enough to work you. Did you hear that part with Zuck? So let's very offensive. Well let's put that up there to talk about that. SMP 500 falls to start the month after brutal first half of the year. White House sparks backlash after saying high gas prices guard liberal world order.

Maybe Adams got some thoughts on that. California to get up to a thousand fifty inflation relief through Newsom's budget deal. FYI do not be surprised. It looks like Tom has some comments on this. It looks like Newsom may be being put together to be the 2024 Democratic nominee. You said that. We class passed a couple months ago. We talked about that, but he may be poisoned. Like he's looking like he's going to be their guy and replacing Biden. Peter Schiff was the story. Peter Schiff trying to say Puerto Rico, bank under probe. Okay.

We'll cover that story July 1st. That's right, that's what I sent you. We'll cover that as well. Court of American saying they are ready to take up arms against the government. Paul also finds them more than a third of those currently own guns. Joe Rogan claims the Santos will be a good president. Refers to Biden as dead man as president.

Guatemala president, Kamala Harris is missing in action, migration. Crisis, we need greater communication. Percentage Americans say the country's head in the wrong direction spikes to 85%. We got a few other stores we'll get into as well. Kevin Durand requesting a trade from the nets, very surprised because this guy's famous for knowing

to do is he'll stay with a team until they win a championship. He never takes the easy way out. I'm surprised he's doing this. It's the first time he's making a decision like that. Logan Paul, future president, science a WWE contract, and then Rachel Maddow is being replaced with previously canceled Alex Wagner, puzzles insiders, no institutional memory, and then military branches are having a hard time with the recruiting goals So why don't we get right into a town with a market here? So SMP 500 Fails after a to have a good start after a miserable

First half stocks fell Friday after the SMP 500 closed. It's worse first half performance in decades as Disappointing economic data continued to dampen market sentiment several profit profit warnings, also pressure stocks, the SMP 500, dipped 0.2% Dow Jones industrial, lost 105 points, 0.3% NASDAQ, lost 0.2% all of major averages, run pace for their fourth down week in five. The moves after several companies lowered their profit guidance, adding to investor concerns that persistent inflation at decades, long highs could continue to put pressure on share prices, consensus estimates for 2020, 2020, 2023 remains largely

on change from the start of the year, even though stock prices have declined considerably since then, weak guidance could finally force cut to consensus earnings estimates, which would likely add further down where pressure on stocks says, Greg Marcus, manager and director of UBS, Private Wealth Management. Tom, what is really going on with the market right now? Well, what's really going on is from the White House to the Treasury to the lead analyst on Wall Street. Nobody wants to walk across the line and say, it's really happening and it's really here.

Consensus estimates from the beginning of the year are unchanged, Pat. You just read it. Yet, all the market indicators we can look at every day from stock prices, commodities, everything else is down. Why are they not revising it? Because no one wants to walk across the line to be the first guy to say officially we are in a deep bear market, not just a bear correction, but a deep bear market. Number one, and number two, the White House, even though we are officially as of July 1st,

statistically, in a recession, nobody wants to make that the lead stories. And so the White House and Treasury have friends on Wall Street and they don't want with midterms and everything coming up. They don't want people to feed into the recession and bull market story. And so that's why these analysts are sitting there and sitting on the news when reality we're in a bear market, we're in a recession, but they're all afraid to be the first credible voice to come across the line and say,

man, it's real and it's here because guess what happens? Someone has to do something about it, and that is the White House, and raising interest rates is the tool, and nobody wants that. So everyone is scared to fall across this. This is unsurprising to me, but it underlines just how bad the situation is for the economy now.

So, so you know how, you know how, Adam, do you have any comments on that on what the industry said? Yeah, well, look, I just came back from New York. I definitely went to Wall Street. I mean, it was in the weekends, you didn't really see, you know, the NYSE and everything that's going on during the week during the hoopla, but I walked by the raging bull, right? You know, the, the bull, the bull of Wall Street. And the defiant little girl.

The defiant girl saw her too. And I remember a quote that I heard about markets, and Tom, you might want to weigh in this, and it says that bull markets will make you money, but bear markets can make you rich. So if we are entering a bear market, or if we're already there, okay, let's use that to our advantage, right?

So when everything's going up and up and up and up, all right, everyone's making money. But if you position yourself correctly and you understand what's coming and you are prepared, then you have the opportunity to make a lot of money. Pat, you went off on, you're about to see a lot of people worth 100 grand, be worth a million.

You're about to see someone who's worth a million, add another zero, 10 million. You have your word time, and you're like, this is the time if you prepare yourself, proper preparation prevents poor performance, right? That was always say. And Warren Buffett was just quoted by Elon Musk, his strategy, the PPP strategy, which is predict, prepare, and persevere. There we go. And shout

out to valutamian.com for writing that article. So here's my question, guys. So like somebody like me that doesn't really know about stocks and whatever you guys say, I mean, I'm trying to soak it in. But what do you tell the average person that's not involved and, you know, doesn't know about what you're talking about, getting in, they're fucking struggling right now. Shit is bad. And like, what do we just tell them?

Hey, listen, that's the White House of Bates he's just saying, hey, suck it up. They even said this. It's a new liberal world order. Suck all this shit up gas prices, everything. We're going somewhere, I was like, the whole going green shit. They took out all the white ones binding out in.

No drilling, no oil, no nothing. It's like, hey, going green shit. They took out all the right ones binding got in no drilling No oil, no nothing. It's like a deal with it You're asking what the regular guy what's a regular guy number one patent and number two Do you think if Trump and I'm going right back to politics if Trump was in because my cousin was like what what would have Trump done? Different what do you think of Trump was in pal? When I saw you guys what would it still be happening right now? What's happening right now? First of all, first of all, did you guys see a grinder open letter? Did you guys see a grinder open letter yesterday?

You know who I'm talking about on a Brittany. Brittany grinded up the open letter. Can you pull this up? Brittany Griner writes an open letter to who? Joe Biden. You guys realize she's been out there for months, okay? So Brittany, if you're listening to this in Russia, and you wanna know who to really write the open letter to,

write it to Trump, he'll probably get you out. Can you imagine? She says, I'm terrified, I might be here forever. And Biden, what has he done? What has Kamala done? I'm sorry Kamala, aren't you supposed to be a gamer here? Aren't you supposed to get up there and make a video and say something about to get her out?

How is she stuck there this entire time? Do you guys remember when Jorge Ramos, who hates Trump? Do you remember where where Ramos was stuck? Where was Ramos stuck? Do you guys remember when Ramos had an issue? You guys don't remember this? No, I've got... Tyler, do you remember this with Ramos?

You're talking about University on Jorge Ramos? Jorge Ramos. Where was he stuck? He was stuck. I'll tell you right now. I'll pull it up right now exactly what it was. You got sick, right? He got sick. And got a second and he had so he had something going on that he comes out

and then Trump Trump comes out and nowhere and defense this guy so you got a grinder here who is asking hey that's it run was Venezuela government detained him and then Trump had all the they all stand hey Trump hate some Who bailes him out, Trump? And guess who he thinks? Trump, he thinks. Trump. Shout out to him. So, Griner, if you're listening to this, I can't stand the fact that you're stuck there.

I can't stand the fact that you're stuck there. The current administration's campaign was to protect people like yourself, okay? You were the person they were supposed to protect and go after to make sure nobody messes with you. You're stuck in Russia, Biden has made one phone call to say you better release them, or else I'm gonna put more funds and strengthen Ukraine. There is zero help going on here, okay? Zero.

So here's the thing, which, the comment you just made. Yesterday, a guy says to me, I post a comment about the tweet about, I don't know if you saw the tweet I tweeted about gas prices when Biden's tweet, can you go to my Twitter account? I'll just read you what I said when he says Yeah, when he says so one guy commented I won't tell you what this guy comment keep going up keep going up keep going up Up up up up when I respond to Biden's tweet. I keep going keep going keep going keep going keep going right there

Okay, click on the one when I respond to Biden's tweet. Keep going, keep going, keep going, keep going, keep going. Right there. Okay, click on that one right there. You can't do it, can you? Okay. Anyway, so I respond to his tweet. Biden says something about in a very demanding voice, which by the way, I don't understand why you read, write it like that.

In a demanding voice, he says, did you pull it up or it's not letting you? Okay, I'll just read it to you here buddy, it's okay, we don't have to stress out about it. My message to the companies running gas stations, you ready? And setting prices at the pump is simple. This is a time of war and global peril.

Bring down the price you are charging at the pump to reflect the cost you're paying for the product. And do it now. Okay, and this is my response. And by the way, Bezos responded first. And he gave an epic message. This is the guy he supported. And now he's having buyers remorse.

Okay, the White House needs to knock this off. So I say, I tweet this out and I say, first you blame Trump, then COVID, then Putin, then oil companies, now gas station owners, what's next? Blaming car owners for driving too much. Then a guy responds back on Instagram and he says the following. It's very important for you to see how the market is responding to this kind of stuff.

And I want to read this guy's comment and I'll pose my question that I gave to him. He says Patrick. We know it's the oil companies raking in record profit, profits and the government collects their share through taxes and political contribution. They all in on it. What say you, Patrick, David? I don't know if you speak like that, but what say you, Patrick, David? Sometimes I talk like that. Here's what I said. Why were they not taking record profits under Trump? But they are under Biden. Why not? Forget politics for a second and actually

answer that question. And I got a few more for you afterwards if they're taking record profits now and Trump is pro oil shouldn't they have taken record profits under Trump? So where does that argument go now? So wait a minute. Do you understand what I'm saying? I got you. Hey, if these oil people are getting rich Why do they get rich under a Biden administration? Not under a Trump administration World star post something the other day about do they get rich under a Biden administration, not under a Trump administration. World star posts something the other day, but, and by the way, world star, if you were

to guess which side politically world star's audience falls as a left middle or right. Libertarian. Well, I was a world star. No, I would say they're middle body, but a lot of them, but no, they're left. They're 100% left because a bunch of the videos that PNR left. And this guy's a Trump supporter. No, he's joking right now. It's left. Watch this.

Go to the Instagram post they put when Biden says, I'm a Tyler, we can hear you type. I'm proud to say that America's officially the first country in the world to prove vaccines for six month old babies. Here's what I want you to do. Go read the response of people on that post. You know what you realize?

More people agree and are on the same page than you think. Set aside identity politics, left, right, middle, center, whatever bullshit. 95% of us all agree on half the shit that's not working out. That's the problem today. People are sitting there and saying, the hell is this guy saying I voted for this guy, but what are you talking about?

They're like, this is embarrassing. Take this thing off. Don't put that up there. But, Pat, you think they're saying quiet because they're so loyal, they're not gonna fucking admit that they're messing up. Are you sure? No, no, no.

You don't need everybody to be allowed. You only need 10% of them to not be happy. And 10% of them are not staying quiet. They're sick of it. They're done more. Are you sure? No, no, no. You don't need everybody to be allowed. You only need 10% of them to not be happy and 10% of them are not staying quiet. They're sick of it. They're done with it. They're like, this is purely games. I'm freaking sick of it. When you mess with someone's kids and their pockets, they get upset. And that's what's happening today. It's happening today. And by the way, it's bad. Trump helped ASAP Rocky when he was arrested and what's Sweden. Remember that too? He's coming to the call. He doesn't feel as a mess around. I was on a flight the other day with Kodak Black.

Oh, yeah, really? Like, is this Kodak Black? I'm like, yes, Kodak Black. He's sitting right in front of me. And just a chill, regular guy. And I made the mistake of Kodak Blue. Oh, no. You're like, no, no, it's Kodak Black.

On the podcast, not to his face. It's just, Mr. Blue, it's cold. That's on the podcast, not to waste. Yeah, it's just, you're Mr. Blue. It's so great to see you. So that, when you, when you think about what's going on with the economy and the numbers, by the way, I want to show you guys something with the economy. So do you guys know this, the sky name Dave Ramsey?

Mm-hmm. Have you heard of Dave Ramsey? Absolutely. You've heard of guys named very much. Sensible, personal, financial planning. Yes, we'd love to have them on the podcast, but Dave Ramsey, I think you are wrong. And let me tell you why. So Dave Ramsey is saying he doesn't think real estate is going to take a hit. He thinks real estate is going to be maybe a minor little hit, but not a big hit, which by the way, he may be right.

However, there's one data point you have to look at what the real estate is going to take a hit or not because that's where his argument is. His argument is how is real estate going to take a hit if inventory isn't there. Well, if inventory isn't there, guess who's right? Dave Ramsey is right. Why? Here's why. Because say I'm a realtor and Adam is looking to buy a million dollar house, okay? And he specifically wants to buy this house in a community that is close to the school because he wants his cats and his kids

to go to a nice private school. But the challenge is, there's only two million dollar homes in a market. One of them doesn't have a swimming pool. The other does have a swimming pool. He wants a swimming pool. One is four bedroom. The other one is three bedroom.

He needs four bedrooms. So I go there and I say Adam, I don't think we're gonna make a million dollar offer here because you're not gonna get it. It says what do you mean? I said if you try to negotiate hard here, you're gonna lose, because they're gonna get 50 offers.

I say we go strong. What are you talking about? I say we go with an offer of 1.15. Pat, it's a million dollar listing. I say you offer 1.1, 1.15. If you really want this thing, because if you don't, it's gonna go cash, cash is gonna come in 1.2.

So, Adam's now panicking. And by the way, my argument as a realtor in that situation gets who's right. I'm right in that situation. And Adam sits there and says, what? Damn, this guy's right. Why? Because he goes on realtor every day and nothing news popping up. Yes or no, when you're looking at houses. So, Adam says, okay, Damn, this guy's right, why? Because he goes on realtor every day

and nothing news popping up. Yes or no, when you're looking at houses. So Adam says, okay, Pat, I'm not gonna make an offer 1.15, but I'm making an offer for what? A million 85, okay? Great, he puts the offer for a million 85, we send it in. Their realtor comes back saying, we got 47 offers. The biggest one is 1.11.

This is your last chance, what do you wanna do? I tell Adam, Adam, if you don't get this, this probably not gonna be anything for another year or two. Adam comes back and says, let's make that offer 1.11. This is your last chance. What do you want to do? I tell Adam, Adam, if you don't get this, there's probably not going to be anything for another year or two. Adam comes back and says, let's make that offer 1.16. He loses that 1.17. Okay? Today, if inventory was 50 for the million dollar house and 30 of them had a swimming pool with four bedroom, guess what Adam's now doing? Adam's saying, making an offer of 880. Making an offer of 9, I'm not making a million dollar. There's 45 other properties I can look at. So here's what Dave Ramsey says.

The housing market is not crashing. Sorry to end your fear porn party, but the sky is really not falling. It's definitely scary. And some of the things going on truly do suck, but the sky is not falling. And the way he's explaining it is the fact that the inventory is not there. Now pull up the data explaining it is the fact that the inventory is not there.

Now pull up the data, I just pulled a sent to you from realtor.com. This is realtor.com article, okay? And it shows what's happened. Go up a little bit and then zoom in. Go up, go up, go up, go up to the chart and then zoom in. Zoom in, okay, check this out guys. Look at this, go a little bit out.

Okay, there you go, watch this. So active listing count, the years. You see the colors 2017, 18, 19, 2021, 22. 22 is at the bottom, it's the yellow one. Do you see that? Okay, so inventory, active listing in January to February, it goes down. February to March, pretty even, March to April,

about flat, April to May. Boom. May to June, boom. 18.7% year over year. This data increasing is the scariest thing for realtors and it's the best thing for buyers. So if this thing climbs up, Dave Ramsey has to apologize to his fan base for getting this wrong.

And it's going up. If this thing goes down, we will give Dave Ramsey a shout out for getting it right. But it's that simple. Folks, if there's any data you want to watch, pay very, very close attention to this. You know how you were going to shops and you didn't see any Rolexes for sale? Plenty of Rolexes for sale right now. Everybody selling them selling them to buy Rolex there everywhere. And why you why I think they're everywhere. They're selling everything. People's getting rid of everything. I mean, you listen, Wall Street Journal story came up, pull up the Wall Street Journal story about,

anyways, time, I'll turn it over to you, give some thoughts on this and what I'm saying. Yeah, there are three things that are out there driving this right now that are all facts. And by the way, I love it when you put the charts up there because whenever I go to it to a liberals, I have a little phrase I like, uh oh, facts. Here they come.

Well, the first thing you've said is the inventory. So what's making the inventory more? Dave Rams is not liberal whatsoever. Just so you know. No, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, no, we were trying to do a couple house flip here on South Florida. Guess what, the party's over. What are we saying to each other right now? Hey, we don't have deep pockets. We're not like BlackRock buying up residential, real estate everywhere.

Guess what, we need to get out of this now. Because the prices are flattening out. Interest rates are going up. We have to get out. We're putting inventory on. That's first. Second, there is unemployment that is starting to happen in key areas.

That inventory is coming on market. And third, as soon as the price is level, all of the sidelines, this is the biggest group pat. People that were on the sidelines, that were thinking of selling a house, maybe moving or retiring, going to a different area, they've been watching the prices go up. And remember, when prices go up, like stock goes up,

I won't sell it today. Maybe Apple will be 1,700 tomorrow. I won't sell it 1,700. Maybe Apple will be 1700 tomorrow. I won't sell it 1700. Maybe Apple will be 1800 tomorrow. You know, you get talked into the next level of greed. You know what I mean, Pat? The next 1%. Those people that were on the sideline

are bringing inventory on the market right now because they say the party's over and I'm getting now. All of that is driving inventory. And by the way, the normal number one thing that drives inventory is job change. It's forced inventory and that that storm hasn't even come ashore yet. But if you want to do the real estate market like a hurricane map near in Florida, it's coming.

All of this is driving inventory and it has to drive prices down. So Ramsey and other people that are maybe living in denial and thinking it's not going to happen. I'm going to be so bad. It's going to bottom out right here. No, it's not. We got another three quarters interest rate two weeks, all right? Here come.

The interest rates in the layoffs are gonna keep you on it. Talking fast, I can get it done. There's two camps here. Choose your camp. Choose your camp folks. There's the one camp that's saying nothing's wrong. Everything's gonna be all right. The house prices are not gonna drop. Don't worry about it.

Keep spending your money. Keep living in your office at the same exact way. That's one camp. The other camp is, shit's about to hit the fan. Real estate's gonna drop. Inflation's gonna keep going up. Interest rates are gonna go up. The next 12, 18, 24 months are gonna be ugly.

But it's gonna be fine. It's not the end of the world. We'll come at it this in the next two, three, four, five years. And then everybody goes back to business as usual. Here's a key about these two different camps. Whichever camp you choose, you just hope you're part of the right camp in two years. Because if you're part of the wrong camp in two years, you are not going to come out of this thing better than you were prior to this camp. So to the Dave Ramsey camp, go to the other part about the savings.

These are a couple of things folks have to pay close attention to. This is a WSJ story. Americans tap pandemic savings to cope with inflation. Okay, what happens when people start tapping into their savings because inflation, they run out of savings. And then after they run out of savings, what did they do? They start selling things that they have. And when they start selling things that they have,

what happens when a seller is selling something and he has to use that thing that he's selling to pay the mortgage next Friday? And you tell him, I'll wait two weeks. And he says, no, no, no, what if we do a deal right now? No, no, no, I'll buy it in two weeks. No, no, no, right now. You can screw him. Listen, not screw him. It's not screw him. It's called being irresponsible. I've been irresponsible with what I was forced to sell stuff because I desperately needed money and a person that was responsible, guess what? They credit goes to the person that was responsible.

There's nothing wrong with the guys that, hey, when everybody else was party and you were saving money, then when the time comes like this, this is the time when you get to buy things for sale while everybody else was buying $700 bottles and you were not. That's all there's to, it works in your 20s. 30s, 40s when that age starts with four man,

that stuff kind of changes a little bit. But anyway, so yeah, interest rates, the other thing I want you to pull up if you could, do me a favor. Tyler, pull up, go to Google and type in history of US interest rates. History of US interest rates. Watch this one here, which is freaking very,

very interesting. History of US and let me see, not that one. There's one that I want you to pull up, which is the main one to pull up. It's the one I used yesterday. Pa, pa, pa, pa, history of interest rates from 1970 to today. That's right. This is where Jimmy Carter looks at the card and goes, hey, look, I won. No, Jimmy, actually you did it. Yeah, when you look at this interest rates, it shows 5.7 today. And then when you go back on what the rates were like, let me see if I have the article here because this is the one that folks, if you see this article, a look at historical

more, it's Forbes Advisor. Let me pull this one up. Forbes Advisor. I'll send this to you. And ta-da-da-da-da. I don't know, zoom in, zoom in, zoom in, zoom in. Keep going up, keep going up. It's okay, right there, zoom in. That's the one, that's exactly the one.

Okay, so zoom in all the way into today. Zoom in, zoom in, zoom in, zoom in, zoom in. No, no, no, it's so close. Keep going, zoom in, zoom in, zoom in, zoom in. That's the most you can go. Okay, so how scary does that look? Not that bad. Right, if you look at that, what does that story say?

You're like, Pat, I mean, listen, man, what do you guys panic in? It's only 5.7%. Okay, I mean, if you go a little bit back, keep going all the way, like put your thing on it, no, put the mouse on, yeah, keep going back. Once the last time it was 5.7. Keep going back, back, back, back, back, back, back, back, back, back, back, back, back, back, back, back.

2008 coming down, right? Right there. Okay, when is that? 2008 coming down. Okay, so 2005.7. All right, now in 2007, when it was 5.7, had we printed the amount of trillions of dollars that we printed now?

No. But keep going back. We were printing houses. We were 6%. Keep going back, keep going back. Seven percent, keep going back, seven percent, eight percent. keep going back. We were printing houses. We're six percent. Keep going back. Keep going back. Seven percent. Keep going back.

Seven percent. Eight percent. Keep going back. Keep going back. Now zoom in a little bit so everybody sees what happens here. Okay, now go all the way to the top and what is that? 18.37 percent. And what Jimmy Carter did is not one hundred at what we're doing right now with the way

we're printing money. So that right there folks, if you're listening, that's the worst case scenario. The worst case scenario is 18.37, which I don't think we're going to get to the worst case scenario. But the best case scenario is somewhere in the middle that we can potentially get to. That 5.7 could hit 10. Just tell me, it could, you don't be surprised if it goes to 8 to 10 percent, maybe higher than that for like a month or two and then all of a sudden they start printing $3 trillion a month again to solve it and it could get nasty. So they ran as you may be right, but there's this thing called data and it looks like inventory

is going up and history of rates, 5.7 right now is still cheap, and we're probably gonna hit 7, 8, 9, 10, sometime in the next six, 12, 24 months. You know what's interesting? I'd like to find out what they did, what the Fed did, what the presidency did during Carter during the late 80s when Reagan came in in the early 80s, what they did to fight inflation,

what did they do to fight these interest rates, meaning like right now, you talk about quantitative easing, they've done all that. Now, they're raising interest rates, by 3-quarters of a percentage. What did they do then, and how long did it take to settle down the economy? This is before my time. You were probably in your late teens, 20s during this time. So, maybe you remember what they did economically. Do you remember what they did? Yeah, I did.

My dad had conversations with me about it. And there's two things. And he used to say, he didn't talk about capitalism, but he said, listen, Reagan is going to expand the economy. And when the economy expands, taxes are created, and they naturally cure a lot of theels. They build jobs, so the government doesn't have to provide assistance. They create expansion and taxes for the government, so the government doesn't have to raise taxes.

And Reagan came in and made a Reagan tax cut. And also drove expansionist policies. Because he had to whip two things at the same time. It was Jimmy Carter, and this one of the great moments in presidential debates. Jimmy Carter had a sailed Gerald Ford in 1976, that election saying, Mr. Ford, there's a misery index on American people.

It's 5% interest rates, and it's 6% on employment. That's a misery index of 11 or 12, whatever it was. Four years later, Reagan looked at him at the presidential debate. And so Mr. Carter, I like to remind you, you invented the misery index. And then it was up to 21. So he says, congratulations, you've increased the misery index, which you defined. But it was reducing regulation of businesses, expansionist economic policy, and he cut taxes. And guess what happened?

People got jobs, people paid reasonable taxes with those jobs, the economy expanded, and you can take a look, it went down as fast as it went up. And back then, there was a guy named David Stockman, the Liberals used to refer to it as voodoo economics, trickle down theory. But guess what? History shows it worked. Do you remember what made voodoo economics, trickle down theory. But guess what? History shows it worked.

Do you remember what made voodoo economics famous? In Ferris Bueller's day off when he's like, voodoo, a viewer, but you had a answer over your friend. To your point, it came down to simple. It was a lot for. Right, it was very simple. I'm going to reduce taxes, let the economy expand,

get people to get jobs, and the people to new jobs, pay reasonable taxes, and the whole thing will work. One of the things you always hear about Reagan was the trickle down economics. Trickle down economics doesn't work. I mean, I don't have a horse in this race

and trickle down economics, but that was sort of Reagan's thing. What are your thoughts on that? I think just, let's go back and take a look at the expansion of GDP, the expansion number of jobs, and unemployment went down. So when people can get a house that are more reasonable, interest rate, they're happy. When they have a job, they're happy. When they don't pay as much taxes on that paycheck for that job, they're happy. It seemed to be that it worked pretty well for the economy.

And you go back, look at historians will say, well, Reagan didn't do this, didn't do that. Look, you can pick on any president in a number of ways in Reagan head of sense. But he turned this ship around. By the way, so think about it this way, Adam. Just think about you sell life sediment, right? And you sold other products. The way it comes structure is set up, produces the right behavior, right? So, okay, so what behavior do we want right now? Let's just say where do you administration? You're the president. I'm one your strategist and we're sitting here strategizing on how to fix this economy right now. Who's helped do we need to our president? Just falsely. Who's helped do we need right now? Who's helped

do we need? If you're the president, what are strategies? The economies like this right now? Who's helped do we need? Who's helped do we need? Who's helped do you need? Clearly, first of all, most of the Fed, right? You need to know. No, no, no, no, he's can't do shit. I mean, he's just gonna interest right. That's fake, right?

Actually economy. Who's helped do we need to actually improve the economy? Business owners. Okay, so hiring. Okay, perfect. Employment. So right now business owners are firing. Okay, that's what they're doing.

They're downsizing. And it's not just one of them. Many of them are, right? So, if you know that's what they're going through, why do you think business owners are firing? They're anticipating a recession of some capacity, right? And they're feeling what's going on with their businesses, right? Okay, so for example, I'm talking to this guy that's a mortgage guy, loan officer, out of a hundred loan officers out there. Okay, when they did loans,

did most loan officers out there. Okay, when they did loans, did most loan officers, what percentage of the loans they did that they made money on was a re-fi? What percentage of the loans that they did the last two, three, four, five years was a new purchase? For the last two, three, four years when the interest rate's going down.

I'm guessing 80%, 75% re-fi. Re-five is I Okay, so guess what? That business is gone. Yeah, 100% Which means you went from making a hundred grand amount to making 25 grand a month. Mm-hmm.

75, you know, and some what I just did right there. Okay, sounds good. So, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, but, tax incentives for the next two years. Tax incentives for the next two years. Remember like, the structure's a plus minus if in the next such and such timeframe, you hire five more people, we're gonna give you to five more people, you hire at a 50% of the whatever salary given, we'll give you that as a tax incentive.

So if I'm gonna hire five people and each of them gonna be 50 grand, that's what? 250? If you said 50% incentive of taxes for the next two years, 125, now I'm hiring those five people because we're sharing that together. So the business owner now sees you as trying to work with them and a business owner now has an incentive

to not fire those people, but the way you're doing it right now, the business owner is cornered to say, what do you want me to do? I have to make the tough choice. So that's well within the business owner's rights. And by the way, so who wins there? Think about who wins there. Nobody.

In that situation, if we keep those five people and we don't fire them, who wins? Well, the employees, who all wins? The business, hopefully. Who all wins? The tax pool? Who all wins? Everybody.

The president wins. Yeah, right. The states win because even you now don't have the havoc of everyday people turning on seeing this data So that kind of a decision-making process gets people to say Listen, we're given the business owners more tax incentives. Do we want to do that? Yeah, but these guys are keeping these people as a job. That's a good point And if these people are getting jobs We don't have crime going up because of people don't make money, they steal and they're doing more dumb things of taking out guns and desperation

and theft, you know what? If we do this, this could actually bring crime down and maybe we see fewer of these horror stories. We hear them, yeah, let's kind of work with the small business owners because we need them. That's how you, like when they did the PPP loan, that was just handing out money. I don't agree with the PPP. That was a mess. No, this is about, hey, you're willing to do this?

I'm willing to give you this. When you just said PPP, that's exactly what I was thinking about what happened over the last few years where they're just incentivizing people to keep that. Thanks, bye. And as you have to remember one thing about the payroll. Yeah. Remember, the tax incentives is the federal government say us.

Us, we the people helping the individual state send a visual basis, you know why? The first dollar welfare is at the state level. The first dollar welfare, your unemployment benefits, are usually at the state level. Like California. Well, that means EDD in California, that is where the unemployment benefits

in state of California are coming from. What's EDD's there for? Economic development department. Okay. Vision or whatever, in Sacramento, EDD. And so when you have a business in California, you send your state taxes to EDD. So if the federal government says,

hey, hire those five people, and I'm gonna cover 125 tax incentives, the federal government does that, that actually helps California, and it helps the individual state. So we, the people, help the individual states, because the first dollar welfare is usually at the state level.

So that's an example of our federal government helping our state government and the great handshake, as it's called, working. Mm-hmm. And I think the people, like the average person like me, would, I would, I mean, it's never gonna happen. They would love to have an administration to go, hey guys, we're fucking up, buckle down.

It's happening right now. Instead of just going like the state me right here. up, buckle down, it's happening right now. Instead of just going like the statement right here, bring down the, yeah, let me tell you something, I don't care, you keep reverting back to, well, what Trump do something different would buy it in, what about, it's like, who gives a shit, handle your own shit. I'm not saying you, there's something called personal responsibility,

there's something called personal finance. If you're always looking at the president or the Fed or the government to bail you out or be your answer, you're looking in the wrong place. You need to look in the mirror. So what like, as Pat, I guarantee you Pat made money under Obama. I guarantee you made money under Trump and I guarantee you he's making money under Biden. Now, there are different tax strategies he needs to encounter. Of course, are there different ramifications for decisions he makes? But at the end of the day, if you're a business owner or you're an entrepreneur, you're got to figure it out yourself. That's my thought.

There's a part of that that's factual, and then there's the other part that you have to pay more attention to who you elect. You just have to. Correct. You're right. There's a part of it that you're likely, you can work for a company and be like, who cares who the CEO at the top is? Just go sell your policies.

Who cares who the CEO is? You're right. But at the same time, if the CEO at the top is a right CEO, he'll be driving better. He'll be setting the example better. He'll be coming up with better innovative campaigns. He'll be thinking about how to make the company better.

That part is also, it takes two to make a thing go right. It takes two, one, it takes two us together. We take over the world. I think there's a part of where both of you are right. And there's some responsibility in these policies when you're looking at this. I'm looking, can you pull up the CNBC article about what's going on with people living paycheck to paycheck?

This is, I'm in the 58%. Yeah, look at that. I'm in the 58%. I'm in it, what's going on with people living paycheck to paycheck? This is a pull up. I'm in the 58% of it. Yeah, I'm in the 58% of it. 58% Americans are living paycheck to paycheck after inflation spike, but this is the most interesting data, including 30% of those earning 250 or higher. Now, how is that because of their? What do you, the 30% earning 250 or higher today? All the shit that they bought or the stuff that they're paying. Yeah, man, listen. That's exactly right because America has classically been an aspirational. There are three levels of luxury group purchasers. Pure cash, any economy, any day, got money.

Next one is pure cash, good economy. The next level is aspirationalists who are usually paying for them on payments. So you get a lot of good realtors down in Miami, having heyday, 1800 a month on, eventually. Okay, guess what, that has to go away. They didn't buy that car, that car bought them. Yep, exactly. And so that's, this is exactly what I'm trying to tell you, bro.

I don't care if it's Obama, I don't care if it's Biden, I'm gonna care it's Trump. You're making a quarter million dollars a year. It's on you to make the right decisions. I agree with that. You need to know the difference between wants and needs. You're familiar with the acronym, Henry, H-E-N-R-Y, Henry. High earners not rich yet.

You're a high earner. You're making $250,000 a year. Okay? Choice is yours, buddy. Do you want to spend $150 save 100 grand or do you want to spend 280 and take on 30 grand in debt? The choice is yours. Do you need to drive a Mercedes? Do you need to live in a three-bedroom high-rise condo? So the choice is yours, right? Know the difference between wants and needs. Do you feel bad for anyone making a quarter million dollars a year

of the pay check? Not at all. I don't, not at all. Yeah. Okay, 50% of millennials who make a hundred grand or more are living paycheck to paycheck. I don't feel bad for them. They want to have a Rolex, they want to drive a nice car.

I get it. But it's called lifestyle creep. The more money you make, the more you feel like, well, I deserve to have a nicer car, I'm working hard. I deserve to move into a nicer area. I deserve to go on vacation to Mekonos this summer. All my friends are going to Ibiza, you know, so, but is that the real- Well, like what I'm saying, but I agree 100%, but the average American isn't making

$250,000 a year. Average Americans, the voters that are actually hitting hitting the hardest, I feel you, they're not out there buying Bentley and shit like that. I'm the average American, bro. I'm not making that shit. And it's fucking hard.

I've went and I've interviewed, quote unquote, the average Americans who got stimulus checks. They were down in South Beach. When everyone was shut down in 2021, they all got stimulus checks. I remember I interviewed a girl. This stimulus checks. I remember I interviewed a girl This was crazy. Yeah, I interviewed a girl. I said hey

Did you get your what was it $14 stimulus check? What was it? Yeah, like 14 okay? Didn't qualify that you qualified either. I said well, what's up? You got a four she goes nope I got 5600 I go oh what the fuck I got I got kids I got dependence. Oh How much of this trip cost you? Well, 56 hundred. I'm like, well, there you go. Yeah, it's new. She took her entire stimulus check

and she went to South Beach and party. She could have put that into a retirement account and she could have paid off debt. I don't feel bad for people. We're not living in some poor country in the middle of Africa, they're starving with water. Like, you're in freaking America. You make 50 grand a year, figure it out.

I'm not saying that things aren't tough. I'm not saying that economic times aren't in peril. I'm not saying that, but we're still in America. You're not poor, you're broke. There's a difference. Poor is, I live in the middle of Africa, I make no, I'm living a hut. Yeah.

Broke is, I make 50 grand a year and I can't get ahead. Maybe you get a roommate. Maybe you don't drive a Mercedes and you just drive a used car. Maybe you don't live in a nice, you know, two bedroom place downtown. You split like, I don't feel bad for working Americans, meaning like there's options out there. You're still in America, okay?

I, 78% Americans live paycheck to paycheck. I've interviewed so many of these people that take their stimulus checks and they go party in Southpeak. Listen, there's different kinds of diets, okay? There's different kind of diets. I'll give you a few diets I've gone on, okay? One diet I went on is, I was 25 years old,

24, 25 years old, one to Highland in Hollywood. Club had just opened up. This was 18 years ago, 19 years ago, and it was like the place to be. I went there, one of my friends, X was there with another guy, and he goes to say hi to the girl. The X comes, pushes him. We got into a big fight, and beer bottles being thrown. I'm on top of a guy. It's pretty nasty cops show up. They arrest they they have all of us and like what he call it

Okay, and I said to the cops at us and you gotta let me go you'll I swore I said you let me go I swear to God you'll never see me here every again. He says what do you mean I said I have big plans of my life You gotta let me go. I'm telling guy swear to God you will never see me here every again I don't know why the cop let me go. Just got the chills, my stomach. I see it, that's fucking it. Put it out. My entire body just got chills.

Wow. I said, I swear to God, you will never see me here ever again. I never went back again. Clubs was out of my life. I've been on a club diet since then. Yeah. When I was going and doing this Bible study with this guy in Pasadena, I heard this one guy

talk about the fact that going to sex diet. And for me, my biggest obsession was women at the time. That was my biggest distraction. So guess what I did? No sex 17 months. You know how hard that is for a guy that's like his- Older, or 24 years old. Oh God, that's his name.

I've been credit. So I go. Now, that happens and I went on a pure, I'm done. Yeah. Don't call me. 17 months? 17 months. You've done the same things 17 months, but it wasn't like your own decision.

I was like, oh, my pickup line was just shit. It was horrible. It's like, hey, if you've seen Vinnie's pictures, Vinnie's one of the most handsome guys. I love you. Very good looking guys. Stop. But the point is, I went on that diet. Okay.

Next diet. The diet was, I am no longer having the lightweight conversations with people that all they want to do is bitch and complain about life and blame it everybody. I'm going on a diet. When friends who were constant complainers negative, being around other people that blame their bosses, blame everybody as a dude, we can't to launch anymore. This would be the last time. That was a third diet.

Then, when I wanted to get married, and I wanted to live a life of being married with kids, I had a single diet. Then I said, I can't hang out with single people anymore, because your language of a single person is a single person's language. A single person talks in a different way than a married person does.

If I have aspirations of having a family, I'm going on a single person's language. A single person talks in a different way than a married person does. If I have aspirations of having a family, I'm going on a single's diet. It doesn't matter. No matter where you are right now, whatever your vices today, if it's video games, if it's women, if it's drugs, if it's alcohol, if it's whatever you got,

it's time to go on your diet and not tell nobody about it until two, three years later when you're winning kicking everyone's ass Then you say here's what I did the last three years because while you're going through it no one cares. So he went on a diet Definitely not the 17 month diet, but he went on a diet and a diet he went on Got him to have a million dollars in cash savings Good for him, but there's a diet you go through with that Okay, his diet could have been cars is that could have been different types of things, right? have a million dollars in cash savings. Good for him, but there's a diet you go through with that. Okay, his diet could have been cars, his diet could have been different types of things, right?

But people can say whatever they wanna say, the one reality when you're looking at the stat about a quarter million dollar earners not the 50, look, there's a very simple philosophy that I go by. Nothing lasts forever. Let me explain what I mean by that. If you're winning and you're making, say this is your biggest, you make a million eight, don't assume you're gonna and you're making, say this is your biggest,

you make a million eight, don't assume you're going to make a million eight for the rest of your life. Facts. Assume that million eight is really $300,000, save $700,000 of it, set it aside. If you're on top of the world and you're the hottest girl and you're attractive 22, 23 years old and you're at your peak, let me tell you something, you are never going to look as good as you do today. three years old and you're at your peak. Let me tell you something. You are never going to look as good as you do today. Okay, if you're the 26 year old with the abs, the muscles, all this stuff, you're like,

I'm gonna look at you, look at you, look at you, look at you. Okay, you ain't gonna look that like forever. Okay, eventually those looks are gonna go away. This doesn't mean I'm in the best shape I've been since I was 24 years old and I feel great, but I'm not, I don't look like I did when I was 21, 22, 23 years old, not even close on what I looked like at that age and I'm not, I don't look like I did when I was 21, 22, 23 years old, not even close on what I looked like at that age.

And I'm totally fine with it. Military, top, not shape. I'm not in that shape today, right? So nothing lasts forever. However, one thing does, legacy, history, doing something big that's written about and talked about. The only way you and I get to live forever is by the legacy we leave behind with the work that we do professionally, with the kids that we raise, with the relationships that we

build, with the companies that we build, with the books that we write, with the articles that we write that make and impact on people's lives, that's one way where you can live forever. All this other stuff that people are chasing, one day they're going to go away and you're going to sit and you're going to realize, what currency was really the most valuable? What the hell was I doing so obsessed about that thing? Man I'm so over it I'm gonna go live a big life. So pick and choose your diet whichever one it is then go light it up. That was awesome. Now as I sort of got past. First of all when you said you had goosebumps that was

deja vu to me I don't know if that means we had this or this was supposed to happen, another life whatever and then you said pick the diet as you were saying it and you were saying, don't tell it to nobody. I already have the one that I have, and I hope everybody else has listening has it. As you were saying that, I already know the one thing that I have to just,

yeah, that should all. And everything you said was completely spot on. And it's, it's, like one of the things I always say when it comes down to money management or whether it's accountability, 50% is knowledge. Or I know what I need to do. I know, you know, what I gotta do.

I gotta stop eating donuts. I gotta work out. I gotta save money. The other 50% though is behavioral. Are you actually going to do it? That's the problem with the complainers out there and with the victim mentality. They didn't do it.

Oh, my boss, this. Oh, my friend. Oh, why don't they, it's like, mother effort, you have to do it. Oh, we having caviar? I'm listening, I'm going. I'm going. It's really easy. Caviar right now.

Like, 50% knowledge, 50% behavior. The hard part is to actually do it, to actually read the books, to actually not have sex for 17 months somehow to actually say save your money. This is hilarious, listen to that. Don't fall above your knees, have more fucking caviar. Listen to everybody, this is a gift by Maral and Becky. Maral and Teacron, thank you for this caviar, it's a gift, so I appreciate it.

That was a fan-tap. Okay, let's continue. Let's continue. Another one, there's a great question. No question about it, I'll get you. So let's continue. I'll tell you another one. These are great. No question about it. I'll get you. So let's continue with the next story here. Joe Rogan, Estava Joe Rogan.

Joe Rogan claims the Santas would be a good president. He refers to Biden as a dead man. President page five, let's see what Joe's got to say about this. During the last episode of Joe Rogan experienced a host, Joe Rogan said that the governor of the Santas would work as a good president. Rogan spoke for former female UFC fighter and Star Wars Mandalorian, Star Gina Carano for his latest interview.

At one point, the topic of their talk turned to current events and the current president of the office who Rogan referred to as a dead man president. Yeah, so all this stuff has happened. And while we have a dead man president, Rogan adding as a exasperator, it's not fun. So even Rogan is a fan of the Sanctus. When we were in Jacksonville, you know who came to see him

perform. So the Sanctus came and watched him do his comedy show. Well, you guys were there with us. Well, we were there. And then when the fight happened in Jacksonville, guess who came to the fight? The Sanctus. The Sanctus.

The Sanctus went to the comedy and he went to the UFC. And did you hear what Trump said yesterday? Did you hear what Trump said yesterday about the Sanctus? What is that? Watch this one. You just put Trump the Sanctus and go to news what Trump said about the Sanctus yesterday. Check this out.

Trump, what he says, I actually can see myself being a, I think the Sanctus would be a great running mate as a VP. Oh, he said that? Go go to that. Go go to that. If you can't be an offered to have him join. Trump doesn't rule out running with the sentence as his VP. I get along with them because being negative right now wouldn't work.

Yeah, exactly. Yeah. What do you think about that comment? Like, it's, you know, I see him as a VP. Like, well, how do you process that? I, because, okay, let's be honest. He's an egomaniac. We all know that.

I'm not going to, I'm not going to lie. Trump was crazy polarizing whatever the economy all the policies were good But I mean he does have a fan base. I personally want the Santas to be the president That's just hands down But if Trump runs again Trump could only go for one more term, right? If you can only go for one more term I mean why not you're setting up the Santas keep that going for the next 12, yet 12 more years. So I mean, it could be good. I mean, I don't from who do we talk to that time you had your pat?

The girl that was his press, Nikki Fried or Christina Poshaw. The Chris, the Chris team, which he was like, he, it's too early to talk about it. She doesn't, she didn't want to mention it. But I felt like she had something in her pocket where she's like, he would run and he does want to run. But I mean, I think it might be a good strategy. But listen, I'm definitely going to go. I'm probably going to win because the way that everything is all jacked up right now.

And then you'll just just wait in the wings and then you'll get, you know what I mean? You'll get the eight years after me. I think it's an olive branch. He's suddenly saying something halfway positive about the Santos. Remember three months ago, the Santos was unappreciative. That's what Trump said about it. Remember that? And so he was pushing back,

like he was trying to keep him out of the field of play three months, four months ago. Now that he's in the field of play, polls are proving it, he's putting out this olive branch. I'm the big dog. Come run with me. We win. I Think that's where it's going. I agree. I don't know I Think Trump is still the lead guy no matter what I think Trump Trump dude. He his endorsement record

I don't know if you're following his endorsement record He's like 140 and 11. I mean, he's better than the 97 98 Chicago ball. The record is good. He's 141 and 11 are endorsements he made. You have to know there's weight behind his voice. Because look at his campaign. That's the cool. His campaign is going to be like, what did I tell you? Look at the shit.

You want me to meet back? His campaign. You're right. Can actually be. I told you so. Right. And you're correct about it. You know how I measure it, Pat Pat I measure it that the one that he didn't get in Georgia CNN covered it for three weeks. Yeah, right This is Trump's endorsement didn't work remember the guy in Georgia

Yeah, and they're like wait a minute. Why are they screaming about this one? Yeah, it's one no three weeks No, because they're scared to death and the people can say whatever they want. Michelle Obama has voice. You would be like Michelle Obama, if Michelle Obama goes out down to campaign trail, she's got weight. When Obama shows up, he's got weight. When Trump shows up, he's got weight. I don't care if you like Trump or if you like Obama,

and I don't care if you don't like them. There is weight behind their voice when they show up and Trump still has it. Now, Trump is claiming he's gonna come out and announce that he's running this month. Oh, wow. He was making early announcements. Yeah, he was making early like this month. That's going to be July. He has to. That's what Roger Stone said he was going to do. Well, there's an article that also came out. I don't know if Roger said, oh, Roger said that as well. Last week, he's an article that he's going to say something in July. An article just came out as well

that said that. And he's so in the only has to push back on the polls. The polls with the DeSantis are going up. I can't let this get to the mid-term. I agree with that. And get, and get, doesn't know anything. I also, and DeSantis get to 10 points over me. I have to declare now, declare the debt. And they're, and they're only thing to kind of, because I remember we, we had the Russian collusion thing

was for, you know, the whole got, the whole freaking presidency. The January 16, where is it? Did that finish? I know they had some... No, I think it's still going. They're still going. They're still going where they're like, he grabbed the wheel and said, let's go.

It's insane. And then all the CNN, many series now. Oh yeah, it's insane. So I mean, they don't really have much on them except this, you know, the democracy. Let me tell you, nobody cares. And let's talk about who Trump had as his VP before. Mike Pence.

Mike Pence was quiet. He stood in the background. He wasn't very loud. He wasn't vocal. He was kind of just there. He's around the Santa. He had a fly on his head for like an hour. Florida is the hottest state in the nation right now. By far, DeSantis is loud. He's opinionated. He's strong in his beliefs. I think Mike Pence scared the shit out of Donald Trump. And one more electro vote than last time. You said I think Mike Pence scared to shit out of him. Absolutely. I don't think that Trump felt that Mike Pence was loud enough, was vocal enough, would defend him,

was really, really could stand up for himself. I think Trump wants somebody that's basically like Donald Trump, not as polarizing, but will stand up, will punch back, will take the swings, will do what has to be done and stand up. No, there's a reason that Trump selected Mike Pence out of nowhere in 2016. And it's because he was the exact, what do you mean? He got him elected.

And it got him not a evangelical base in the Midwest. He was very calculated. He picked the exact opposite of him. If you recall, I'm going back to 2016, and you were probably still in college then, but let me tell you something. He could have picked Christie. He could have picked Christie. He could have picked any number

of those candidates. Ben Carson, and he said, let me get the most white bread, middle American, stoic, non-drama. Like, yeah, I get the choice. No, I'm saying was a great choice. I thought it was a great choice. And it's specifically because he was not

a New Yorker Trump like Christie. So what I'm saying is like I hear what you're saying. In hindsight, 2020, he wants someone a little more bombastic hit back. But the whole, like this is the ironic thing about Mike Pence. He was the most loyal boot licking vice president. Like he was just like, you know, that's my president. Like he was stand by your man. And then the ironic part is, you know, now,

you want to hang them at the end. You know, your presidential history, that's why Nixon chose Agno, and that's why Hillary chose quick, round the room who she chose. Oh, who's the weird guy? Does that have the eye-tales on his hands? Yeah, I got clear.

Right, right, right, right. I got clear. When she selected him, I'm like, who's this loser? He was scary, his smile, and I got scared to shut down him. But, there's the point. History is making your point. I agree.

The thing that no one wants to talk about here, not here, but like, whether you agree with me or not, all good. Trump is still toxic. So here's a question. Trump is still toxic. DeSantis is not toxic. Adam, you were in the America. You were in an absolute disaster.

So if you're watching this, I'm actually really curious. Give a thumbs up if you agree with the fact that Trump and DeSantis are gonna run together. If you think it's gonna happen, I don't know if it's gonna happen, but if you think it's gonna happen, give us a thumbs up. I'm looking at the numbers right now. I don't know how many people believe that will happen and I don't believe DeSantis would agree with to that. I don't know how many people believe that that'll happen and I don't believe DeSantis would agree with

to that. I don't even think the call. Now here's the thing you got to realize, once the last time two people with massive personalities agreed to be the VP and the VP could have beaten the candidate. You know, it was the last time that happened. LBJ and John F. Kennedy couldn't stand each other. And John F. Kennedy went to LBJ and said, I want you to be my VP. And John F. Kennedy went to LBJ and said, I want you to be my VP. And it's like, who the hell are you?

I'm supposed to tell you I want you to be my VP. This guy's like, you kid me, you think you Irish family, this is that? And that's how it happened. How that worked out for JFK. That's what I'm, there's a lot of conspiracy. I don't think we can interview him, but it didn't work out well. I mean, obviously that's the store, but yeah, but listen,

but the Santis and LBJ are not the same human beings LBJ is a qualified qualified Dirtback that is not the case with who the Santis is but why like Complete hypothetical if you're the Santis and you're becoming a trailblazer, right? You you became a superstar, you know during COVID you're becoming a trailblazer, right? You became a superstar, you know, during COVID, you're creating this legacy. Do you actually want your legacy to be tied directly with Trump? Or do you want to be like, Trump adjacent?

Hey, thanks for all you've done. I'm gonna do my own thing, follow me. Keep in mind, Trump is 76 years old. Santhus is 43 years old. Does he want his entire legacy tied to Trump? Or does he want to carve his own path? I think I think he wants to carve his own path. I think the time frame because like the Tantis is hot as hell right now. This next two years I still still think he'll be up there because we're still dealing with

COVID and shit and Biden said and like, whoa, there's gonna be a second pandemic. Not maybe there might be Joe Biden's second. I think he went off script. We're definitely gonna have a second pandemic. And unless that happens, cause you know, the Santhus is the best. The Santhus is like, whatever they're saying, come to Florida. We don't give a shit.

And that's one of the reasons that I'm here. But my point being, I think he, I think he will get on with him and keep that shit going. And then people will be like, we love him. They obviously love Trump. And then when Trump was done in four years, we're gonna deal with it for four years. The Santa's gonna take over.

Bob, Tom, he's these. When you say they obviously love Trump, who are you talking about? Do the Republicans actually worship Trump? And the Santa's right, and then having him being right there, bro. Their mentality is gonna be like, four years with Trump and then guess what?

Boom, we're gonna have another eight with the Santa's. And that's a lot of- That's hard. Only Republicans are voting. Yeah, I agree with you But there's like a whole other half of the country that you still have to win over first of all I think there's a huge percentage of the population that likes to Santas and doesn't think he's as toxic as Trump and I agree with you Trump is exceptionally toxic like exceptionally I agree I agree the people want somebody who's gonna fight for them and stand up and punch back And I don't think they want another Mike Pence I don't think Donald Trump wants another Mike Pence. I don't And the people want somebody who's gonna fight for them and stand up and punch back. And I don't think they want another mic pants.

I don't think Donald Trump wants another mic pants. I don't think he wants a Chris Christie. I don't think there's anybody else in the party that he can pick to run with. He wants a Mike Tyson and Roy Jones. That's what they want. They want those two running it and then when Mike Tyson retires,

in a perfect world, it's all well and good to pick somebody on the policies. But this isn't the world we live in. We live in a world with Joe Biden and Kamala Harris and a Democratic left party that's gonna trash everybody, slam you, throw mud, sling mud, throw water. There's no more rolling over and playing. That's both parties, though, Tyler.

Everyone does. Trump, you don't think Trump's playing Trump? I think Trump, but who else? Who else in the party does? Trump, Trump certainly does. Trump is the only person in the party that anyone's even concerned about. Nobody cares about anyone else,

other than Trump and the Republican party. And then possibly, this hand. Okay, but, and then if you look at the other side, person on the party that anyone's even concerned about nobody cares about anyone else other than Trump in the Republican party. But and then possibly this happens. Okay. And then if you look at the other side, you have Nancy Pelosi, Kamala, Joe Biden, Gavin Newsom, Adam Schiff, you could go down the line. Everybody's throwing mud. Everybody's slaying mud.

You don't think Lindsey Graham is throwing mud? You don't think Jim Jordan is throwing mud? You don't think Jim Jordan is throwing mud? I think Jim Jordan, what's my favorite? What's my favorite? What's my favorite? What's my favorite? green is throwing mud? Well, come on, it's just being real. Everyone's doing it Jewish space lasers.

So I don't take a lot like I take everything she says with a great assault, but no, I mean, there's, there's got a point. She's my point. Yeah. So it's, but politics is a dirty business. We learned that from Roger Stone. I don't know if Trump's gonna pick him as a VP.

Who would you think? No, I, I think he's gonna pick somebody that's a very non, you know, it's gonna be somebody you least expect. Then it's probably gonna be somebody that's not even on the stage. Not even like a Rubio or somebody like. No, Rubio, he will never. Never.

Rubio. Rubio's not a, he would never take Rubio. And by the way, I totally agree with you. Yeah. You have to, like, I'm not even disin-trump right here. I think this is a factual statement. The man has a humongous ego. Humongous ego.

So if you have a disantist, they're waiting in the rings. What do you think that does for someone with a massive ego? If he's especially vis-a-vis the VP. He's a threat. Paranoia. He want exactly. Paranoia is gonna set in. What's he, they were all looking over my shoulder.

If you have someone like a pants When when Trump was dealing with the worst of the worst of You know hurricane and Puerto Rico whatever any issue the Charlottes But whatever issue is facing Pence stood there and said that's my man I defend them at all costs that is what Trump wants and the where Trump where Pence fell At all costs that is what Trump wants and the where Trump or where Pence fell Fell off is at the final day at the final countdown when he needed Pence to be like Hey, no, you're still the president Pence said no, you all right, bro You lost, bro, and that was the death of Pence

He needs someone loyalist till the end. Do you think of Tulsi Gabbard switch a size and she could be good? What happened he would never pick Tulsi never he would never pick Tulsi No, he he wants a COO that's not too loud That's who he wants he doesn't want somebody that's too loud. He wants a quiet COO that gets the job done Yeah, that's who he's looking for be outstage by the Santa's the Santa's is a rock. No way It's even if it's one percent outstage. He doesn't want that in his life He wants it to be about him somebody Somebody else that's a true believer, that's a flag carrier, that's gonna get him

to make his job easier. And that's, by the way, he's already got a handful of names that he's thinking about. He would never tell anybody who it is, but he's already got a handful of names. Look at the states that are tipping points. Like what states are up for grabs?

You know, some place in the rust belt, some place in the Midwest, whatever's gonna be up for grabs, assuming he runs, whatever, that's where you need to look. It's the same for. It's the same for Wisconsin, Michigan, Pennsylvania, Ohio. It is. All those ways. So look there for where he's moving.

Well, let's move on from this story. Let me take you guys. YCNN keeps losing clout. And I, you know, the new leader of CNN says, well, we're going in a different direction. We're gonna start doing reporting. Show the article I just sent you about recession. You tell me how this reads.

I just texted it to you, okay? So you would think like, okay, they're gonna talk about recession and they're gonna say different opinions and they're gonna say, well, people disagree and they're gonna be, it's gonna be a reasonable route. Nope, look at this title actually. Zoom in, who decides if the US is in recession? Eight white economists you've never heard of?

What? What? What do you mean eight? What does white have to do with recession? And this is serious. And you wonder like, you wonder why people are sick of your games. Just say 80 economists you've never heard of before,

that that one word white is why people are sick of you. That one simple one because that's exactly this division. That's exactly how you get people angry to think the white people are saying there's recession. Can you go up a little bit? Go up a little bit. Let's actually read this article to see how it's written. Open it up a little bit. Zoom in a little bit more. So I say the white people are saying there's recession. Can you go up a little bit? Go up a little bit. Let's actually read this article to see how it's written. Open it up a little bit.

Zoom in a little bit more. So I say the people's names. Probably, yeah, primary Wall Street economist, like Mark Zandee, investing luminaries like Arkin and as a catty wood and Kathy Wood and executives like JP Morgan Chase, Jamie Dami can make recession predictions until they're blue in the face,

but their guidance will remain just that and economic forecast. That's because in the United States, the economy is broadly and officially considered to be a recession until a relatively unknown group of eight economists say, so the economists who served together as business cycle dating committee are hand selected

by the working under umbrella of National Bureau of Economic Research, a private nonprofit organization that have no predetermined meeting dates and their deliberations are. I mean, what are you saying? And look, there's no recession. And those these guys say so. Yeah, that's the one right there. There's a clear lack of racial diversity among the eight members. It's grace. CNN, when it comes down to recession, there is no color. Then nobody says, well, in order for us to finalize recession, we need to have one black, one Hispanic, one Iranian, somebody from the LGBTQ, that's the only way recession is real.

Stop playing these games. No, if you want to play this, I said, I'm so ridiculous when they do this. So ridiculous when they do this. And by the way, keep doing it. Keep doing it. If you forgot why CNN plus didn't work with $300 million and smaller the startups like,

you know, what's Ben Shapiro's company's name? Daily wire. And you got these other companies that are coming up. They're whooping your ass. And it's not gonna slow down by the way. You keep playing games with Americans who just want some information and you keep trying to say it's division.

Right. What a pathetic article right there. We're trying to create division. I'm a pathetic article right there. I'm 100% agree with you. 100%. They're playing identity politics. Like why even, listen, I don't care if you're blue,

I don't care if you're red. When it comes to the economy, it's all about the green. You're playing identity politics. Exactly. Like, I don't, just 10 leading economists, eight leading economists said this. Period. I don't care if they're black identity politics. Exactly. Like, I don't just 10 leading economists, eight leading economists said this. Period. I don't care if they're black, white, yellow, green,

Jewish, Catholic, like give me some, give me some actual substance. What's next, next eight, they're five, eight and under. Like, now they're gonna play football, hi, it's like, bro, relax, bro. That's insane. That's too much. You see when you do stuff like that, you do.

So none of these people say anything gasses and a bucks a gallon in LA. Okay, what are your thoughts on this? It says African Americans account for 13% of the U.S. population, but only 3% of economists. What? Let me. What's down to you from becoming an economist? Wait a minute. Wait a minute. Okay, let's play that game. Let's play that game. Sure. Can you can you tell me a white people account for 60% of the population yet only 11% of the NBA. You're right. Is the NBA racist?

Yeah. Why don't you let white people play there? America accounts for 24% Hispanic, but the NBA is only 1% Hispanic. What a racist organization. I think less than 1%. But what I'm trying to say to you is, you see, but by the way, a comment like that for people who don't really read into it, they're like, oh, that's right.

I pull shit. You're gonna serve to be more black economists. And guess what, go become an economist. By the way, it is way easier to become an economist than it is to become an NBA player. 1000 just so you know. Yeah, 1000%. Yeah, they're they're done, bro It's like I love the analogy you just gave there because anyone with their head on straight will be like well

Yeah, obviously because you know, they're not like as good as the tall seven foot black guys playing basketball Yeah, you can just because of your color your belief or your belief system. You don't deserve a job Yeah, it's a meritocracy. Yeah Yeah, I'm 100% with you on pads and knowing as hell He says, you don't deserve a job. Or deserve a meritocracy. Yeah. 100% with you on pads. Knowing his home. It's not going to stop though, but it's not going to stop with their sink. Can you go to the part about rescinding jobs?

Go to that one. Go to the Wall Street Journal article because this is a little weird. This is stuff we've not heard of before. Just take it from the text I sent you. Go back to it and go from there instead of looking for your 75 tabs that you have that'll take you 18 minutes. Just go to the text, I sent you and just pull that one up because this one is interesting folks. Papa, Papa, Papa, where's the article?

Let me see where it's at. If I have it even in here on my page, hang on. There you go. Okay, so Wall Street Journal, you don't have the article? No, I don't think he said it to me. But this should be it right here. That's the one. More companies start to recent job offers.

Okay, go a little closer and go lower to read the first line. Right there, that's the line. Go a little closer to the company's including Twitter, Redfin, Coinbase have recented offers in recent weeks. Employees in other pockets of the economy are pulling away Offers to including insurance retail marketing consulting and recruiting services, okay? So you know like by the way just just that a curiosity if you're watching this or even you guys here Tom you've been around and you follow the economy closely. Yep

When's the last time you heard an article that says companies are rescinding job offers? 10 minutes after the crash at the fourth quarter of 2008, is where everybody made the sudden adjustment, right? The money chained up, everybody pulled job offers. It's been 13 years. To rescinds job offers. So to the average person that's listening to this,

explain to us what that looks like. What is recenting job offer? Okay, so you have a company that's got 500 employees. And up at the top, you've got finance people and everything, and they're looking at sales, looking at sales coming in, it's a little weak. Meanwhile, down on the third floor, the HR department's trying to recruit people for the plan that they set a month ago, and they're recruiting them. And at the same moment, they're recruiting their realizing sales numbers are soft, and they're realizing that the economy is tough. So when they yell stop already, there were people that were in that hiring process that were going through, getting their drug tests and everything to get hired, and they're having

to call them back saying, hey, I'm really sorry. I just made you a job offer, but we have put a hiring freeze on retroactively, and I have to pull the offer back. So you see what I mean? The statistics and the changing economy is happening so fast that as they see sales and they see what's happening to the economy and they're yelling stop even as downstairs was working to hire good people, finding really good people to come in. And they're having to say the people that were about to give two weeks notice or maybe three weeks old. You get great people. Sometimes they want to give three weeks notice to a prior job. They're having to go to those people and say, see

if they'll take you back because I have to pull the offer. Can you? It's happening so fast, Pat, that that's what's happening. The rescind is happening because the economy is moving downward fast. I can't imagine saying to some my like hey, listen Pat, I thank you. I'm going through another company. They're gonna be paying me a lot more. I'm giving you my three weeks notice.

And they're like, okay, cool. It's still kind of some tension there. And then I come back, I might listen Pat. I need you back. I have to come back here, is it okay? But if you were you, when you'd be like, first of all, no way. And if there was any way that you're gonna, you know, I'll pissed off that be like, first of all, no way, and if there was any way

that you're gonna, you know, I'll pissed off that person would be like, you listen, yeah, for half of what you were gonna get. I'd be a dick. I'd be like, oh, you just bounced, and now that's not gonna happen. What a point. You mean the former company? 100%. What is the former company gonna say?

No, no, no, no, no, no, no, no, no, but yeah, but Pat, but I love this, come out, like, I didn't know they were gonna do that. I didn't know they were gonna rescind. So, no, it's fucking, I always leave on goodind. So no, it's always leave on good terms. And always leave friendly, always offer referrals to ways. You never know who you're gonna need. That's insane. That would be so awkward.

Hey guys, we got a new guy, but he's not new. He's back. Vinnie's back again. That's great. Or Vinnie, you come back, Vinnie, you know, in two weeks since you gave notice. We're also seeing sales down a little weeks since you gave notice, we're also seeing sales down a little bit and everything and actually we're not going to replace your

position. We had already talked about with you, Leven. What maybe we... Janitor? Like, we in the bathroom, really good. He's like, you see what could be happening inside? I know, for sure. Yeah, for sure.

That's interesting. What are the odds that you probably stayed in the same industry where you knew people and you got a next job with another competitor company. Exactly. And the economy's hitting that side. They said, Vinny, I'm really sorry. industry where you knew people and you get a next job with another competitor company. Exactly. And the economy's hitting that side. They said, Vinnie I'm really sorry, we just figured out we're just not going to replace you.

That's insane, bro. Yeah, Zuckerberg also said the same thing where they're letting people go. Amid warning plan, meta downsizing, hiring plans, amid warning of layoffs. By the way, this is a, I'm gonna text you this article if you wanna pull the stuff. It's an epoch times article, but they do this stuff that you gotta put your email, it takes a while to pull that article up.

Didn't Basel's and Zuckerberg racing just start talking? I'm more than a poster. Zuckerberg, we're turning up the heat at Meta, some employees will quit. Jesus, what? Yeah, that's exactly, you go a little low. They really said that? Go zoom in, Facebook parent Met meta wants to cut ties with workers

who can't meet newly raised performance expectations as a company prepares for an economic downturn. Zuck's a Frank admission came during a Q&A session with employees in which he warned that a recent slump in the markets might be one of the worst downturns we've seen in recent history. This is coming from Zuckerberg. Realistically, there are probably a bunch of people

at the company who shouldn't be here. Can you imagine saying that to Reuters? Like those of you who are part of my whole sharel sender, sweating, you're out. You're out. Part of my hope, I'm raising expectations and having more aggressive goals and just kind of turning up the heat a little bit

is that I think some of you might think that this place isn't for you and that self-selection is okay with me. I actually love that position he took. Love, go a little bit higher. Zuckerberg indicated that meta plans to slow its hiring process. Hiring plans for engineers at least by 30% roughly adding 6 to 7,000 workers rather than 10,000.

It initially expected a higher some roles that are currently empty will stay unfilled as meta dials up pressure on current employees. What do you think about the one here that what do you think about it at all? I mean you've said pretty candidly that most companies should fire the bottom 20% right? I mean so the good news is if you're in the top 80% you can keep your job you know they say it warned Buffett has said this before so of other you know great you're in the top 80%, you can keep your job. You know, they warned Buffett has said this before, so of other great luminaries in the economy. There's one way to be recession-proof or inflation-proof.

And that's just to be fucking good at what you do. Have a straight-up skill set and be good at it. If you're kind of lolligagging and, you know, just there's a difference between a job and a career. If you're a career and you become a specialist, and you're constantly improving and getting better and showing loyalty to the company, and you wanna be there, you're not gonna get fired,

and if you do, you'll find another option. But if you're in the bottom 20%, bottom 40%, you don't really kinda take your job seriously. You know, again, individual responsibility. What would you expect to have? You're so right, the top third has nothing to worry about. The middle third, maybe get nervous. The bottom third should be terrified.

Simple as that. Yeah, I mean, I don't remember the number you said exactly. I don't know if it was 10%, 20%, 12%, 30%. You think that bottom 30% should be fired. I think for every time somebody comes in and says, you know, if a boss comes in and says, these three people deserve a raise. Okay, cool, sounds good.

How much ever raise a raise? Like if you run a real business, these three people deserve a raise, fantastic. And you got a hundred employees. And by the way, this is gonna sound cold, but if you've never ran a business, you have an operator. No problem. You can have your opinion. Go operator business and then you'll see what it's like

when you have to hit margins and expenses and all these other things you deal with. Hey, man. If you come and say, we got to give these three people a race, and we got a higher three more people. That's a great, that's a great plan. So tell me which one or two people do we have to let go. Wow.

What do you mean? Well, you just came to me asking me to hire three more people, right? Okay. And you told me to increase the revenues. If it doesn't match the revenue that we're growing, if you ask me to get more employees, but the revenues increase isn't at that pace or not higher,

then you have to also come up to me and say, here's the two people I also recommend we move on. Wow. Okay, cool. So this is what it should sound like. A real manager should come up and say hey Tom I got Adam. I think deserves a race crush the last two quarters I think we need to bump them off from 80 to 92 and then I think

Tyler's crushed it and I think we need to increase Tyler as well And I think we need to hire three new people one engineer one bi analyst and one processor And this is what we need to do and then at the same time This person that we have in this department who's an engineer I think is not the best, called in six, seven times in the last four months, and is usually late. And the attitude is necessarily there, and we've sent him emails a couple of times written them up.

I think we need to let him go. And this other person that's working over here as a processor, I don't think they like their job and they complain to everybody and they're very negative. So I think when you tell us what let those people go, you approach your boss that way, the boss is going to be like, oh, okay, give those guys the race and hire those three people. You know what I would say to you? Very. You know what I'd say to you is probably you'd say, I would say, hey Pat, thank you very

much for that. Obviously, you follow the NBA and you know they have a salary cap and most sports now have salary caps. I really appreciate the way you're managing they have a salary cap and most sports now have salary caps. I really appreciate the way you're managing this with the salary cap and trying to put the best team on the field with the salary cap and you're going to pay some stars and you're going to cut some players because you stay with the salary cap during the economic downturn, you're going to get a bonus at the end of the year. Thank you for thinking that way because that's the way I have to think Pat with the salary

cap every day. And then Pat goes up to me and goes, no, you're going to get the bonus. I like who you did there with the NBA analogy salary cap because it's, if the salary cap is, you know, $100 million a year, make up a number, $10 million, whatever it is, that's your number. That's what I'm saying. If you want to hire more people and get people more raises, somebody's got to let go. Now in the NBA, you might say, well, there's a luxury tax.

So there is no luxury tax. That's my point. Exactly. You're losing money and you can't let go. By the way, it's a hard, it's back in the old days, what they call the hard cap. Hard cap. Can you imagine how many people complain about the NBA

when they fired the bottom who were not performing and they go higher to top who are performing who complaints in the NBA nobody Nobody but God forbid God forbid you do what do you think is a difference both of them are businesses exactly Exactly, the both of our business had two point seven turnovers and a technical foul. It's like well We gotta let them go and get some luck not only that how come Haslam never gets fired? How come Haslam has done? Great attitude. Because the ad will show up to war leader time. Sit there talking to the young guy saying,

listen, drop those three girls, be careful getting that one pregnant. Hero didn't listen and you got a couple other people that are going through this, but you're having that conversation with the people, right? Okay. He's a player coach. He's a player coach.

You stay on the team. You were gonna say you something. I just, I wonder on that point, if there's a layer deeper to this that you see Facebook, this is a little old, but Facebook's, they're, they're users decline. Okay. You're seeing Elon Musk buying Twitter, cleaning people out, people were voting. He fired the people at SpaceX who spoke out against him. You're seeing Jeff Bezos have his spats with the administration.

I wonder if these business owners are starting to get sick and tired of the inmates running the asylum. And this is a convenient excuse. I wonder if they're starting to push back and say, listen, this is my company. I'm tired of the culture. I'm tired of the toddlers and babysitting all day. We're going to clean house. We're going to make this work.

You're affecting my bottom line. And I'm sick of it. By the way, say that's it. I supported. Go for it. I supported because sometimes one time it's 2013, 2014. I am afraid of losing my entire company. I as the founder CEO, I am scared. I'm having panic and anxiety attacks every night because the business is about to go from what it is to losing 100% of people and I'm leading through fear and I'm walking on eggshell So I'm afraid to challenge my guys too much because they may leave me and I'm afraid to set my standards and they're now telling me how to lead They're telling me that you should do this. You should do this. You should do this. So what happens for you in a half?

Talk to Jennifer and you'll see, I'm like, oh my God, I'm like, yeah, hey, so you guys are awesome. Also, you guys are great, oh my God, no, no, no. And what I'm like, be calm, so sick of you or like, stop, you're a leader, go back to leading. If they don't wanna do anything, no problem, but you're gonna find the right guys.

I turn up the heat switch. My work ethic is the same. It's not like I'm not working. But I raised standards to this level. Couple of them didn't like that. Couple of them were okay with that. And couple of people who were not players went to levels that we never thought they were gonna go to. The company took off.

Right. levels that we never thought they were going to go to, the company took off. But sometimes, a zuck or a dorsi or anybody will go through the fear of, man, what if we lose that guy? What if we lose the sky? What if we lose that guy? You know, sometimes like, even when you're creating content, sometimes you're like, man, I can't say that because if I say that, what if we never interview that guy? Yeah, I can't say, oh, because we need that guy. We need, be respectful, give your thoughts, don't play games, don't manipulate, don't be divisive, you know, straight up show up, do your best to constantly improve, realize you don't walk on water. And then all of a sudden, you're looking around, you're saying, my God, we got some great

people around us. We have a very good environment here. People are having fun. People are working on those who don't want to work hard and those who don't want to have fun. And those are who, this is not the place for you and that's totally fine. And if Zuck is going through that, guess what I say to him.

Salute. Good job. Couldn't for you, good for you for standing up on what's now working on. What is this Netflix, Netflix altars corporate culture memo to stress the importance of artistic freedom. It's a little older, but it's, you remember when Netflix just a couple months ago, they said,

listen, if you don't like the content, two day and bad, go somewhere else. Yeah, we're gonna make a couple of while. It took a while until they did that. It cost them how many users. It cost them, remember that one day when they're stock drop like 40% everybody and their mothers was talking about that Finally, they realized leadership is hard

You listen you don't like it go elsewhere and it only took a 50 billion dollar drop to be like oh shit being Wolk and and pandering to everybody's like bro. Yeah, that's a comedian path I don't I don't I'm not saying I don't give a shit about people's feelings But it's my experience my idea I think there's been a big lack of, this is my opinion. What I say is in factual. You're not the fact check everything a human being says. This is what I think.

You could think a certain way, Adam as a certain way. I'm in front of an audience. This is your audience. I'm a comedian. I'm Brian Skech's I'm a shoe-and-shit. It's, this is my idea of what's funny is and this is what interesting. If you don't like it change the channel

Don't change the goddamn company, right because you don't you think a certain little group isn't gonna like you Yeah, but you're funny as hell, bro Let me tell you there's certain people like that Want to be funny and are not funny and there's certain people that don't care to be funny, but are very funny There's certain people that want to be NBA players, but they suck at basketball. There are certain people that want to be models, but listen, yeah, you ain't got to be a model.

You know, certain people that want to be bodybuilders, but you don't have to bodybuilder. You're a comedian, okay? And it's very natural and it's not stopped from the beginning to the end and it's proven it. So, by the way, shout out to you via Tim and comedy. If you haven't subscribed, go subscribe. His latest one that you did, I was watching it yet the night.

Was the mafia one? Not the mafia one. The one with the stabbing. My friend, and then the music comes on, the epic music, and then he's like, I'm not gonna lie, it's not doing anything to me. Can you do one more time? Oh my god, let me do one more time. It's hilarious.

It's on value, Tim, and come and please subscribe. And we just shot another sketch. I don't know if you were here Pat on Friday. Here's what I go. Let me tell you what I got I'm out elsewhere. I don't know where I was at, but I'm out elsewhere and I get a text saying Guys, we have we have Vinny walking around the office in a G string. I said no way. No, no he is Actually, I think wasn't even for a sketch. No, no, that wasn't a sketch. It was G string Friday Tom You weren't I thought I was yeah, it was assless Chow because I have some I've looked great. I have some

These are caps I'm right there with you, but that's the type of like oh, Pat You made my point exactly. I'm I'm going to I'm trying to be funny. I want to be different I mean that character you guys are gonna see sooner later But like like I said you don't bow down to anybody when it comes to your art and your job and your talent Period shout out to Vinnie and VT Comedy Subscribe. But by the way, back to the Netflix, the lead into the story. That was the height of the Dave Chappelle transgender comedy fiasco when Chappelle's like, look, I'm not.

And by the way, I'm Chappelle. I'm going to keep doing what I'm doing. If you're upset with it in Netflix, you know, kick rocks. Exactly. Exactly right. And Dave Chappelle was just exhibiting his comedic genius and artistic freedom. If you're upset with it in Netflix, you know, kick rocks. Exactly. Exactly right. And Dave Chappelle was just exhibiting his comedic genius and artistic freedom. This was not the Michael Richards meltdown that happened at the comedy club.

The La Faxher, where he took leave of his senses and exposed a lot of deep biases in a tron. That was not entertainment. And the woke wants to make all of it the same thing, but it's not. It's comedy, American needs a laugh, it's artistic expression, it's freedom of speech. And if you don't like that comedy, turn the channel. Exactly.

I agree, 100%. But by the way, do we want to at all take the risk and touch a sports story? Oh no, I don't know, Pat, I don't know. I don't want to take the risk and touch a sports story. Do it, all right. All right, let's put a Kevin Durant story here. Kevin Durant story here.

Kevin Durant is requesting trades. And Durant, trade from nets and reportedly have to leak called within an hour. Durant may have set off the biggest trade sweepstakes and NBA history. Durant on Thursday requested a trade from Brooklyn nets. According to multiple reports, at 34 years old, Durant is still in MVP form coming off a season in which he averaged 30.7 rebounds six assists a game. He also has four years and about 200 million hours left on a contract. Adrian Wajanovski on NBA today said that more than half the NBA has already called the

nets. There was certainly a lot of back and back channeling going on around the league to suggest that Kevin Durant was planning to ask for a trade at some point and it happened today and now I'm being told that since the reporting here in the last hour half the league has reshaut to them, et cetera, et cetera. So what are you things going to end up and what's going to happen with Kyrie and these guys? You're following some of this. Of course. Well, just newsflash to our friends in Brooklyn.

You can't buy a championship. This is the second time they've tried to do this. They did this, I don't know, 10 years ago with KG, Kevin Garnett, Paul Pierce, that crew. Nothing, they tried to do it again with Kevin Durant and Kyrie and Hardin didn't work out. I mean, we learned that lesson back in 2004 with the Lakers when they had Shaq and Kobe

and Gary Peyton and Carmel, they tried to buy a championship. It's not the team with the best players. Look at Boston, right? You talked about the bottom. It's the team, the players. It's not the team with the best players. Like a boss, you're right. You talked about the bottom. It's the team, the players that play best at the team. So, maybe let me ask a question in a different way. So, okay, most likely, the rent's going to work. They're saying it's gonna go to,

he's gonna go to my team. I'm your Phoenix, we'll see. Okay, no, not going to. You don't think it's gonna go to Golden State. I mean, why you don't think it's gonna go to Golden State? Tom's analogy, the salary cap. I mean, they're gonna have to trade three people. Yeah, I don't see him going back there.

Okay, so you don't return back to him. By the way, FYI, if golden state traded Wiggins and they gave a few pieces to get him, I think it's a mistake if they do that. I think Wiggins works very well with his attitude and his, he's like Wiggins is a better version of what AI was, Andre Gidawa. Oh, gosh, I think he's, no, no, no, no, no, he's playing that role very well as a number four

and it's perfect. You don't break up a team after you do. Don't even touch it. Don't even touch it. No, if you go to Miami, who has to leave? Oh, they'll trade whoever they want other than Jimmy Butler. That's the only person that's a bad trade I think if they trade Jimmy, he won't go. No, no, no, it'd be it'd be a cornerstone of Jimmy Butler, bam out of bio and Kevin Durey. And if he goes and then everyone else is expecting to trade what they're going to trade the book or for every way. No, no, no, no, no, the book is untouchable. So is Deandre eaten. Everyone else, takes first of all, everyone else is explained by

except for Deandre and except for Booker. Yeah. I actually can see it out working out. Mm, I actually can see that working out Mm-hmm. I can see that working out. Yeah, and the thing with Durant without going to sportsy here And I'm trying to make this like a business analogy. It's you touched on this earlier legacy legacy Durant arguably is right neck and neck with the Lebron Right neck and neck right but legacy wise. Do you think Durant's legacy will be anywhere the Lebron. Right neck and neck, right? But legacy wise, do you think Durant's legacy will be anywhere near Lebron? No, no way.

Not at all. Not the same thing. And why do you think that is? Lebron went and won. First of the guy won. Okay, Miami, you won those championships. Duane way was a leader. Fine, fine, no problem.

Then you go to Cleveland, you're the leader and you won. Okay fine no problem then you go to Cleveland You're the leader and you won okay great then you go to the Lakers and you win during COVID whatever say three and a half Championships he's got but you win you got the championships Durant went to Golden State who had already won and you have now Curr Steph Curry and all those guys still try to give him credit Oh my gosh, he did this he did that they're playing the very clean game that they're doing But Durant's legacy is he's listen. He's a top 10 player of all time He's not gonna make he's not gonna make into top five the way he's playing and he could have easily made it into top five his argument could have been a top five

His decision making process decision injuries is not a decision Let me ask you guys and also he's never done this before There's a lot of players out there. Well, Durant usually, you said it. He sticks around to win a championship. He's got some loyalty there. No he doesn't. You don't think so?

Zero. No. Listen, they're playing against Golden State. He's at O.K.C. He's with Westbrook. They're up three, two. They're about to beat them. They probably would have won the championship that year.

And they end up coming back and they beat him for three. And your disclosio could have won it with Westbrook. Then you leave and go to the team that beat you. No, bro. That was the day where it's over. That was the day when it was over where Durant is like, you're joining the guys that, like that doesn't make any sense to me.

So look, I mean, listen, the NBA is going to try to go out and get the sky. And I think Booker is probably going to play with the sky or Jimmy is going to want to play with the sky. But Booker is, for me, when I look at what's going on with the NBA, like, this is why I like Milwaukee Bucks. Booker is you for me when I look at what's going on with the envy like this is why I like Milwaukee bucks Yeah, cuz I like Janice and I like the fact that they're going up there with a Janice Middleton guys You're like who are these guys they build these guys? They build these guys. I like Golden State I love what Boston does I hope Boston doesn't touch and screw that thing don't touch it

I think they're about to win and I actually like what Miami has done Just bring a couple of other pieces. Now don't get me wrong, guys, I'm Miami guy yourself. You probably wouldn't mind doing it. I'm coming to Miami. You're gonna be like, you'll take them in a heartbeat. I agree, but the story that,

just because I came from New York this past weekend and I actually visited Brooklyn, something's going on there. Really? I mean, why does KD wanna get out of Brooklyn? Why did Hardin wanna get out of Brooklyn? Why did Hardin want to get out of Brooklyn? They just brought in the guy Simmons. There's something toxic going on there in Brooklyn.

I don't know, but they're not as toxic as the next. We know that. Don't ever talk about it. First of all, toxic is a byproduct of a lack of leadership. None of those billion leaders, not the rant, not Kyrie, not Hardin, none of them are leaders. But I'm worried about the leadership at the top The owner It's easy to blame it's easy to blame situations like that come back to your point what you said

You still got a lead and you got to go perform okay There is no leadership between those three guys. They're just talents. What made you pick this sports story? I don't know he put it on you. I'm like let's talk about it So let's talk about Rachel Maddow to make you happy Because I know you big mad off fan. Oh, yeah, so here's Maddo Maddo story on what happened Would isn't Maddo supposed to be like their superstar? Isn't matter like MSMBC superstar? Yes, Tyler Would you say yes or no like that's their superstar? MSMBC replacing Maddo with previously canceled Alex Wagner puzzles and sadders no one's to institutional memory MSMBC Alex Wagner is Rachel Maddo's time slot replacement for four days a week.

The network's biggest star is not on the air, but insiders have questioned why executives would attempt to replace Maddow with a previously canceled host who never moved the needle on television MSMZ. He finished the second quarter of 2022, but it's smallest audience amongst advertisement, demographic of adults ages 25 to 54 since 2003. MSMZ is nearly two decades low in the critical category came

during a jam pack stretch of news that include a Russia's ongoing invasion of Ukraine, the Evalde text of school shooting, in the beginning of the January 6th committee hearings, the second quarter also featured Madal scaling back her workload to once a week as she began hosting the Rachel Madal show only on Monday, nights last month, NBC selected Wagner as a former NBC MSNBC host to replace metal with a new program at 9 PM Eastern time slot Tuesdays through Friday beginning in August. What do you think MSNBC is going through right now? When you when you say so, but as Adam said, I don't pay much attention to MSNBC, but they're there. I think everybody's trying to redirect man.

They see Tucker Carlson has the leading audience across cable television, not just in Republicans and Democrats as well. And they understand that people have their number. CNN, MSNBC, all those outlets, they're trying to revamp and redirect themselves. I think MSNBC is tired of being the crazy joy, read Rachel Maddow Network and they want to do something different. Now, I'd like to give Rachel Maddow some credit. We saw the other day, we played the clip about her, you know, saying Trump never sided

this insurrection. So credit where credit is due, but I think people want to get more of the Jake Tapper vibe where yes, you may be opinionated, but at least your rational coherent, you can make an argument, you can fault your own side, et cetera, et cetera. You're not an activist, you're just reporting the news. You have your biases, which we all do. But like right there, Pat, when they said the two-decade low happened during a jam-packed stretch

of Ukraine and the beginning of the January 6th, to midi, nobody wants to hear that shit, bro. Nobody, it's just too much. It's like, you know, threat to democracy. I don't know how many times I heard threat to democracy over and over, and like, people are just tired of it. Well,, and don't forget they're the same people that told you there was rushing Of course, that's why I was going. Yeah, that's my people know that they hired the former producer from ABC news to literally produce the first Week of this trial. They know it's a it's a show trial Tom. What do you think's going on here?

I think MSMBC's got to find itself and there's there's two thoughts that are in the mind of leadership and that they can't reconcile. One is they honestly feel they are a liberal position network, they feel they are equal time. That's what they feel. And that's why they filled it with Rachel Maddo who became a hit in so many things with it. The other side of it, they're looking at the reality of Tucker Carlson, the reality of moderates, the reality of ratings, and they're also looking at the reality of corporate ownership and they are trapped. They're trapped between the identity of what they feel MSNBC is and the ratings and the need for commercial decisions and they're stuck in the middle.

And you're seeing them trying to do it, trying to put together a tune. It's the right person for MSNBC right now. If MSNBC was to go out there and get somebody who would be a good person for MSNBC right now. I think the problem that MSC is having is those right people have already left. Who am I talking about? Brian Williams, I thought, was an absolute stunt gone. Do you remember what he wrote? Yeah, of course.

This is not what I signed up for basically that's exactly right I was a big Ryan Williams fan. I was also a fan of I was named Chris Matthews Been on the air forever and he got caught up in the Me Too scandal what happened with him MSNBC much like CNN jumped on the anti-Trump train now that the train is off the tracks What's your story now? You're not gonna just start defending Biden? So they went all in on the anti-Trump train. Now that the train is off the tracks, what's your story now? You're not gonna just start defending Biden. So they went all in on the anti-Trump campaign. Trump's gone, you court on court won. You remember on CNN, but Don Lemon cried.

I don't care when it went, we won. Okay, now what? Now, I mean, you gotta still be journalist and tell the news and tell the stories and the facts and the facts aren't pretty right now. Do you know Soss talks money? Zero sarcasm here. Do you know S Sas talks money, zero sarcasm here. Do you know Sas cast?

When you do Sas cast, you have more viewers than Don Lemon does. Seriously. No, no, what you left then. Seriously. You have the same amount of viewers as Don Lemon does. Think about that. When you're doing a YouTube live,

you're getting the same amount of viewers as a Don Lemon is getting. How are they selling advertisement on Don Lemon show? How are they selling it? Like, what are you telling people to do? Yeah. You're like, who is watching that show in the first place with Don Lemon? So, anyways, if I'm MSNBC, if I'm any of these big guys, you got to go be heavy duty recruiting today and bring a new vision in that's exciting and you really got to fire the bottom 30% of people that are hurting this numbers and show the marketplace that your MSNBC, everybody knows your brand. But you're taking the wrong angle, again, pedaling, trying to, you know, please everybody and

you're trying to make everybody happy didn't work out maybe a new strategy is a good place to start right now well because if they keep going the way they're going right now they're going to get crushed even more. Well there's a case study for you and at CNN bringing Jeff Zucker. So bringing Jeff Zucker he strategically built exactly what he wanted to build and he was not He strategically built exactly what he wanted to build, and he was not Hibbid in any way. Now he screwed himself up with the whole affair thing and the thing that went over the you know that the marketing because that was a lack of integrity But what he built was what he said he would build it just didn't sell the product didn't sell We're talking about CNN correct and plus. So you need to start at the top.

You need to bring someone in and set the strategy and go. And if America doesn't like that product, they're not going to watch it. But that's where it's got to go. It's not going to be, could we pay Tucker Carlson a trillion dollars to come across the street and say we're going to do it? You don't start at that level.

You have to do it the way CNN did and bring in leadership to set strategy and to put it. You don't start it at that level. You have to do it the way CNN did and bring in leadership to set strategy and to put it there and if America doesn't like what's there as they didn't like it with Jeff, then his affair and everything becomes an excuse to also put an nail on him. Well, CNN and MSNBC should pray to God that Trump wins, although they can go back to the talk they should. I'm dead. I'm dead serious.'m dead serious really good point. They they better pray to God that he wins again So they can be like all right the Trump trains back on the fucking track and it was just bashing every Oh

Interest that's all they're gonna do both so everybody that's there better pray to God because that's what Mark Zucker had It was the Trump Trump all those Trump Trump Trump Trump Trump Trump. It worked. It worked. By the way, you're not wrong at all. And Jeff Zucker. Orange will be the new green. Exactly.

That's just true. Jeff Zucker was famous for stirring up controversy. He's the guy that said, oh, Trump's about to speak in about a half hour. Just keep the cameras rolling on the empty podium for a half hour. You've seen this, there's a lot of Trumps about this and just rolling, okay, what's happening right now? Another thing these legacy media companies need to embrace

is the fact that their demographic is getting older and grayer and won't be around much longer. You kind of got to tap into the younger generation on YouTube. You brought up the fact that saucecasses getting as many views as Don Lemon, all right, respect. But it's 10 times more entertaining. And that's not even colloquial. I'll take it. Yeah.

Yeah, but the... You got to cast a wider net. So I guess what I'm seeing with these, with MSNB is in the world, like the riches are in the niches, but if you're too niche, like if you're too pigeon-holed into a pigeon, like you're not gonna convert. You're not looking at,

you're not converting anybody. Tucker, you know, he's got his base, but there's also some people he's converting saying, you know, I didn't like this guy, I didn't like Fox News, but, he's got a point. So that's the challenge that they're having. Can you pull up the story I just sent you?

Pull up the story I just texted you. A minute ago about Newsom tweet about Florida. So here's what Newsom said about Florida. Gavin Newsom goes on the air against Ron DeSantis as political rivalry grows. So if you wanna go a little lower, so I wonder why he's doing this. We're gonna go a little closer, let's read this.

A little bit more zoom a little bit more. Newsom and the Santas aren't just avatars for the different futures of the parties, but also for the separate realities blue and red Americans are living in two people, opposing viewpoints, looking at the same exact set of facts and coming up as the different conclusions.

They are both governors. So go to what he said about Florida. I want to read what he said about Florida. I think it was on Twitter or some like that what he said about Florida. Okay, there you go. It's independent state. So let's talk about what's going on in America.

Newsom says, India at standing in the California sun, tireless as Americans, the beautiful fingerprint and the background American is under attack in your state. Those last words flashed across the screen and read followed by the DeSantis shaking cans with former president Donald Trump and another of the floor, Florida governor has newsroom ticks through, uh, uh, uh, Florida laws to ban books and restrict voting speech and access to abortion. I urge all of you living in Florida to join the fight or join us in California where we will still believe in freedom,

freedom of speech, freedom to choose, freedom to imprate, freedom to love. Newsom says, as all images proceed of an aerial shot of Santa Monica pier to show rainbow red flags waving in the hands of two women and arms around each other, don't let them take your freedom. They're at his paid for by Newsom Re-election Campaign through this clearly

He's running for president new some told CNN last week. I care about people I don't like people being treated as less of them. I don't like people being told they're not worthy I don't like people being used as political ponds. That's because you never do that, buddy Yeah, now this is not just about And never really have to host your child of it. We're as different, Newsom said, as daylight and darkness. Over the course of 20-minute phone interview, Newsom called the Santa's bully, a fraud and authoritarian, a fake conservative, a betrayed of Ronald Reagan's legacy

several times, DeSantos, everybody got portions of the playbook, Newsom said, comparing the Santa's to other Republicans, he's writing it. Gavin Newsom might as well light a pile of cash on fire. The Santas campaign spokesperson, David Rampe said, past the popcorn for his desperate attempt to win back

the California refugees who fled the hellhole he created in a state of Florida. Okay, so here's the thing about what he's doing. We get it, he's running, okay. And we get it, they think Florida's running. Now here's a thing. The Santas is running. Here's a thing If you're part of the LGBTQ community, okay, if you are where are you better off Florida or California? Florida What do you think I'm actually curious? What do you know? I don't know? I'm not part of that command. You were hanging out with them

That's what I'm gonna know you were you were but I why man I don't make my decision based on what's good. But actually think about it. I don't know think about where are they going to be better off in Florida or California? Well, let me ask a question in different way. Where are you better off if you run a business Florida or California? Florida. Okay. Where are you better if you can't stand wearing a mask? Florida. Florida. Okay. Where are you better if you are part of LGBTQ community? I would say California because they're very...

It's what is Florida doing to actively discriminate against LGBTQ? That's exactly where I'm going. No, I don't know. I don't know. You've seen the thing. Don't say gay. Right. Don't say gay.

But by the way, by the way, when you poach, which is what he's doing and what the Santa's is doing, this is a poaching game, okay? When you're poaching, who's the Santa's poaching? California's. Business owners. Correct. Yeah, come here and open up.

Yeah, listen, come over here. Business owners who are independent, responsible. You're in me. Yeah, who is new some trying to poach People that the people that are just leaving the state Just so I'm actually being very serious. Who's he trying to poach? Who's each other so he's he's targeting LGBTQ community fine? That's the community you want to put what out what other community? So do you think his argument for business owners

Leaving Florida to California. How many business owners? You think we'll business owners leaving Florida to California? How many business owners do you think will leave Florida to go to California? After that speech, let me say zero zero zero zero zero zero zero zero zero zero zero zero. But I'm being serious. How can you poach them? Is he going to poach guys that don't like high taxes? Is he going to poach guys that are willing to go out there and start a business and, you know, is he going to poach those guys?

He's not. So his campaign, who you think is going gonna watch that and be inspired to want to come to your stay? He's recruiting victims. None of the people you want. So guess what the Santis, if you're recruiting victims and if I am the Santis and Nusom says this, if Nusom said that, if I'm the Santis, I say go, go to California. My campaign would be very simple.

If you like high taxes, if you like a ton of entitlement programs, if you like to be forced to take the vaccine, if you like to be forced to put on the mask, if you want to, I have a great state for you to move to. It's called California. California. If you like the worst homelessness, FNAF, FYI, if I'm the leader of the Republican party,

the conservative party right now, I'm not talking about, I'm talking about strategies behind closed doors. The campaign people. Yes, what I'm doing. I'm getting all the state governors together and I'm saying, guys, what's the one state you're never going to win and it doesn't matter anyways? Call it for, call it for.

Why don't you send everybody one way gray how to get straight to California, let's fund it. You know what that does? That locks in your state, okay? Let's sell California is the state to move if you're the following category. It's brilliant. Pro-fort. And you start driving it. You feel like you should move to California. You should move to California. You should move to California. You should move to California. You should move to California. And business owners are going to be like, but if you're this, this, this, this, this, you should move to Florida.

You should move to Tennessee. You should move to Texas, you should move to this. You should move to this. I'm one of those people too. As I was reading that, being a person I just moved there from California, Pat, I'm sorry, but I'm going back. He sold me right there. You're rescinded. I'm rescinded.

I'm rescinded. You're all for it, you know what? Take that offer, you know where you can take it. I'm going back because you know what, I want the homelessness, I want the. I'm going back because you know, I want the homelessness I want the taxes I want because you know And the second pandemic is coming in trust me if you want to be in a fucking place that Stays to what you know, Fauci in them say I'm going back to for them about back to Cali

So I by the way, I would love love love love to see a new sum dissentist Presidential election I would love that I would love to get the Biden Trump situation. Yeah to see a new sum de Santis presidential election. I would love that. By the way, I would love to get the Biden Trump situation. Let's close that chapter. Let's let some 40 and 50 year olds. I love that. I love that.

I love that. I love that. Let the market decide. Who do you think would be honest? Who do you think would think that De Santis would be the favorite? I think so too. And I'd love to see that.

Let's get some new ideas. Get some fresh ideas. Bring your California. Bring your Florida stuff. And I'd love to see that. Let's get some new ideas, get some fresh ideas, bring your California, bring your Florida stuff, and let's have a real intellectual debate. You guys should have seen that when I was in, when I was in Cali, when the new, the new Sam Rikol was going on, I've never seen that many people out loud

at the gas station and shit be like, just pissed off, they're just angry. They were just like, we gotta get this guy, the hell out of there. And I think, they were out there, they they still lots I mean he by a landslide But people that were scared to talk were coming out and just openly saying like what the hell is these but that again Going back to my point that is the most loyal party the the the the the the the laugh oh my callie I would be they go down everybody to California 100% I would be I would I would do this.

I would do press conference and I would say, governor Newsom, I'd like to add to no cost to your state at all. You don't need to pay me a salary. I'm not gonna take money away from your tax revenues that you're bringing in. Don't worry about any of that stuff. Consider me your chief recruiting officer.

Okay. Exactly. And here's what I'd like to say. And who are you? Who are you saying this is? I'm saying this to Newsom. officer. Exactly. And here's what I'd like to say. Who are you saying this up? I'm saying this to Newsom. Okay. And if you're the following and I'm going to go through it, if you like this, if you like this, I highly, highly recommend you move to California, highly recommend. Go there if you like these following things.

Anyways, listen, people in California, like you know how you're saying, you just said right now, I was in a gas station, I was in this, I was in that, I was in this, I was in that, I was in that, I was like, oh my God, you know, everybody wanted this guy out, not really, not in California, they did not, okay.

The people that, the core core people that live in California don't want this guy out. The part when I sit on World Star when Biden put that up in 99% of all the people trashed him, that's America to me. Believe it or not to me, that's more America than what California thinks because that to me is not America. That's California. California is like France. It's all, yeah, it's all, yeah, it's all country. Yeah, there's a game behind the game here to step back from this to look at what NewSums trying to do. Here's a game.

Where is the money for the presidential elections? Is it in the individual campaigns or is it a DNC? It's a DNC because when you win the primary, the DNC's got the big treasure chest and they drive that hard. But the DNC also controls the green lighting system of whether you're allowed to primary a sitting president in your own party. Right now they need the midterm election to be done and it's going to be bad. They need Q3 economic.

It's going to be bad. They need Q4 economic report and it's probably going to be bad. With those three items, mark my words. The DNC will suddenly, suddenly allow formal primary activities against Biden. Right now, the DNC will not permit it. They will not permit you to go up against a sitting president.

What Newsom is doing is he's testing because he's gonna test this and they're gonna run all those phone calls. If you've ever taken a political phone call, did you see recently someone so said so and so? Yeah, how did you think about that? How did and they ask you they're going to be testing this to see how this campaign speech, the stump speech that he just did worked against the

Santa and they're going to be making the case. Hey, listen, were the only viable candidate, Kamala Harris, not her, no, were the viable candidate. You need to be behind us. You need to allow the green lighting process to happen. You need to allow me to start doing, you know, primary work and earnest. And when the DNC behind closed doors subtly says, okay, Gavin, you can, you can start preparing primary. Bash against that's when it will happen. Have you ever noticed that all the sudden you go from speculative Iowa candidates to suddenly

there would be actually validated Iowa candidates in both political parties? That's when the RNC DNC step up. And that's when the big dollars start to come out. Now you have to raise money as a campaign, but there's bigger dollars behind you. And Newsom is campaigning less against the santa's right now pat but he's campaigning against biden with the dnc to be the guy they get behind if they're going to primary a sitting president you really think it's new some

you think new some you think new some is the guy that run a primary unless michelle steps up i think he's probably going to test the best. I just, I think there's no way that they don't get Michelle on the race. I don't think they, I legitimately don't want to pay with it. I'm on your pay. She's not Michelle. I don't think they're that stupid. I think they know they can't win with Pete. They can't win with Kamala. They can't win with Gavin. They can't win with Andrew Cuomo, they can't win with anybody. But here's my question, I keep sending Kamala out to Miss pronounced foreign countries. And this is, and I think Bill Burr hit this a while ago when he's like, you know what,

she has zero qualification, technically, to become a president. She was just the wife of a president. Are you think people will see past that and be like, they know that she's not running the show. They're going to, are they they still gonna be able to deal with these policies and everything that the left has put in place, just to have a different face that makes them feel good.

Like, oh my God, they put in a woman, it's like, it's, come on. I got a high Q score. And it's like, by the way, they love the same presidency when Obama did that. I was very like Q score. Five weeks ago, Obama did an event, Biden, and Biden was looking like the neglected steps

I saw him chasing it. Yeah, as Obama Did it like robotic? Yeah, he's like dad dad. Yeah, and but I that would be the Michelle presidency She will have her moment, but that's gonna be Obama and the Obama people running the country 100 percent that's no different to what it is now of course it is Yeah Which it'll be the same people running behind the scenes. It'll just be a better face. I think it'll be even, I think there's part of it

that they're in part of it that they're not, but they'll be even more of it if it's Michelle. Well, anyways, that's the story's for today. We got a bunch more that we didn't get into, but it was a great podcast. We covered a lot. One is your next show. You got what's going on.

This Thursday, Thursday, anything. You doing crazy. We got some special stuff going on. We're talking about how expensive food is these days. Okay. Good. And then Vinnie, you got a video coming up. Yeah, value-taming comedy. I'm trying to post on on Fridays in the morning. We're going to release another sketch this Friday. Please subscribe, guys. There's going to be a lot of funny crazy characters coming. I love it. And then Tyler, what do we got Thursday? Thursday, we have.

Thursday, we're doing podcasts or no. Yeah, we're doing podcasts. We got Jedadaya Wednesday and Friday. And then Thursday, we have. I don't see anything on the calendar for Thursday. So I may sound so we're probably doing podcasts. We're doing something. We're doing something on Thursday.

Okay, guys, well, have a great day. We'll see you guys on Thursday. Have a great day. Bye, guys. Well, have a great day. We'll see you guys on Thursday. Take care. Bye, bye, everybody.

Bye, guys.