The Dan Bongino Show - Ep. 518 Yes, There is a Soft Coup Happening
Episode Date: August 4, 2017A detailed account of the deep-state effort to sabotage POTUS Trump. http://legalinsurrection.com/2017/08/the-slow-motion-coup-detat-picks-up-steam/?utm_source=feedburner&utm_medium=feed&utm_campaign=...Feed%3A+LegalInsurrection+%28Le%C2%B7gal+In%C2%B7sur%C2%B7rec%C2%B7tion%29  The West Virginia Governor humiliating Democrats by leaving the Party. http://fxn.ws/2vnDQiS  The pitfalls of Universal Basic Income proposals.  And, liberal lies about the Reagan tax cuts. https://www.wsj.com/articles/reagan-cut-taxes-revenue-boomed-1501800678  http://www.marketwatch.com/story/federal-tax-cuts-would-cripple-local-governments-2017-08-03   SPONSOR LINKS: www.BrickhouseNutrition.com/Dan www.PrepareWithDan.com Learn more about your ad choices. Visit podcastchoices.com/adchoices
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Dan Bongino.
They've been tweeting to me, Bongino's a nut, Bongino's a blanker, blanker.
The Dan Bongino Show.
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All right, welcome to the Renegade Republican with Dan Bongino.
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All right.
A thousand things to talk about today.
So let's start with just some news.
So Jim Justice, the Democrat governor of West Virginia, last night at a rally with Donald Trump in West Virginia, left the Democrat Party to become a Republican.
Not much to say about this other than,
here's my commentary on this and I'll move along.
The Democrats suck so badly, the party,
that they don't even need an election to lose people.
That's how bad the Democrats are.
Now, regardless of your position on Donald J. Trump,
the President of the United States, regardless,
you may love him, you may hate him, you may be milquetoast, whatever it may be.
You can't argue that the Democrats are in disarray. I get it. There's a reasonable argument to be made that there's a lot of chaos going on right now within the Republican Party.
I get it. We have fake Republicans like Susan Collins, Lisa Murkowski and John McCain out there.
We have some chaos going on in the White House, a lot of turnover.
I get it.
But you, Joe, you cannot reasonably make the case with a straight face
that the Democrats are just fine and dandy right now.
They are getting annihilated everywhere,
and now they're losing people without even having elections.
I mean, this is just like, it never ends with these people.
All right, so there you go.
Story number one.
Story number two, I'm getting a ton of emails about H.R. McMaster.
H.R. McMaster is the national security advisor to the president.
There are two different schools of thought going on right now about what's going on with him.
The National Review crowd, I'm not knocking National Review at all.
They're entitled to their opinions.
And there are certainly people at National Review who probably have a different opinion.
But National Review, I think it was Ian Tuttle who wrote a piece defending McMaster, who's the national security advisor, saying, hey, McMaster isn't the problem in the White House.
And for those of you who are wondering where I'm going with this, the other line of thinking right now, the other fork from the fork in the road on McMaster is that McMaster is driving all of the swamp creature internal strife that's going on in the White House.
Not all, but maybe most of it.
Because he is a David Petraeus acolyte, and there's a lot of friction going on right now. He has been eliminating people who are Trump loyalists, who align more
closely with Trump's not so much isolationist approach, but definitely not a globalist approach.
Trump is by no means a globalist. So there are two schools of thought on that. I'm not going to beat
the topic to death. I'll give you my humble opinion on this. I think McMaster is a big problem.
I think McMaster has a globalist approach that is not necessarily
commensurate where the electorate is in the united states right now joe the united states is not
just based on the vote in the election of donald trump and his desire to pull back from a lot of
our global um i'm using this word intentionally but i was going to get me in trouble entanglements
oh those of you with policy experience you'll you'll know where I'm going with that.
That people voted for that.
They voted for a for a slight pullback.
They don't want us all over the world being the world's policemen.
McMaster has the opposite approach.
McMaster's been firing a lot of people.
Rich Higgins, Ezra Watnick, people who were Trump, really loyal to Trump and had a different
approach.
or Watnick, people who were Trump, really loyal to Trump, and had a different approach.
Another problem with McMaster has been that there's a, I don't want to say a rumor,
but because it's not a rumor, a lot of people I know, what I trust, have confirmed that McMaster is not exactly pro-Israel, so to say. When I say pro-Israel, I don't mean unreasonably so.
I mean, he seems to lean more towards Israel's more of a
problem for our policy, foreign policy approach rather than asset. And this has caused a big
rift. So that's going on right now. Big, big brawl going on there. Yesterday, great. I mean,
the breaking news happens all the time. So I just want to hammer through a few stories,
give you my take on the coup d'etat continues the soft slow coup within the united
states government continues you know i i'm i'm deliberately taking this from william jacobson
over at legal insurrection he has a story out today about the uh the slow drip coup d'etat
which i will put in the show notes which is interesting and he points out i'm going to go
through quickly some things that are happening that it's puzzling joe why this isn't disturbing
to the far left.
They just don't seem to care.
And it indicates to me that they're getting growingly comfortable with a level of tyranny
that should disturb everyone who is not part of the radical far left.
So a grand jury has now been impaneled to look into something related to the Trump administration
by Special Investigator Robert Mueller,
who, Joe, this is important, was assigned as the special counsel in order to investigate Russian collusion.
Now, Russian collusion in an election, as Andy McCarthy at National Review correctly pointed out,
would be a counterintelligence investigation.
You do not impanel a grand jury in a counterintelligence investigation, which says to me and to any
reasonable observer with familiarity with the federal justice system, and this should
bother everyone listening right now, that this has now turned into a criminal investigation.
Ladies and gentlemen, that's not how this started.
Now, you may say to yourself, well, what's the problem, Dan?
If they were doing a counterintelligence investigation and they uncovered some criminality, why not appoint a grand jury?
Because, ladies and gentlemen, this is the United States.
We do not investigate people.
We investigate crimes.
I cannot emphasize this point to you enough, that once we take that fork in the road and we go down the road investigating people and not crimes there is no turning back now what do i mean by that you do not start a special council with the goal of
uncovering russian collusion and then on the side joe have a side goal in a war room that's close to
the public that says hey guys if we don't find anything on russian collusion just start digging
on trump and eventually we'll get him on something that's not what was supposed to happen you didn't when i was
a federal agent and i was on task forces and i was doing uh counter-terror cases and financial
fraud cases that are the nexus to terrorism what we didn't do folks is we didn't say well tell you
what i don't like joey bag of donuts in his pizza shop because i went in there the other
day and he charged me five dollars for a slice so we're going to investigate him we're going to
start a war room to go get joey bag of donuts that's not what that that's not how it's supposed
to work how it's supposed to work is someone comes in a source maybe and says hey i think joey bag
of donuts and the pizza shop is selling heavy duty narcotics over there,
selling drugs.
We go out, we maybe develop some other sources.
We do a controlled buy.
And then all of a sudden we find out there's criminality.
And then we investigate the people involved.
You don't investigate the people involved and find criminality later.
Joe, is this making sense how dangerous this is?
Oh, yeah.
It's pretty scary.
We're impaneling a grand jury.
A grand jury would not be impaneled in a counterintelligence investigation because it's not criminal.
A grand jury's sole purpose, sole purpose is to investigate to subsequently issue an indictment.
That's the purpose of a grand jury.
A grand jury is impaneled in a case like this to issue subpoenas to investigate a criminal investigation it is not a counter it is not a counterintelligence investigation anymore
which was the sole purpose of the special counsel
folks if there's now some of you may be saying again i you may say well i still don't get it
what if they found criminal stuff?
OK, but we still have an FBI.
The FBI, Joe, did the FBI go anywhere?
No, it was the FBI.
They're still there, right?
Yeah.
OK.
It was not dissolved.
I mean, have you seen any any of your kickers in the morning or any news that the FBI was
dissolved since Trump became the president?
No, right.
They're hanging in there doing real good.
Yeah.
Local police departments are still remember, the president. Nah, man. They're hanging in there doing real good, yeah. Local police departments are still,
remember, the president of the United States
cannot pardon himself for state crimes.
There are still local police departments.
There are still big city police departments like the NYPD.
So we still have a functioning criminal justice apparatus
in the United States that is going nowhere.
So if anyone wants to investigate
some allegations of criminality in the Trump administration,
they are perfectly entitled to do so.
The special counsel's purpose, just to be crystal clear, was not to do that.
Folks, I don't want to...
I know I've beaten this thing up, and I know a lot of you are tired of it.
I know I've beaten this thing up and I know a lot of you are tired of it, but I would be doing you a huge disservice if I did not hammer home to you the dangerous point we are in right now because liberals are celebrating and salivating over the destruction of separation of powers in the Constitutional Republic.
You don't understand. When we start targeting people for political losses you will find something every
listen to me every one of you is a federal criminal every one of you say no not me are you sure
are you damn sure you have not broken a federal law that if we were to look into your emails if
we were to look into your bank account if we were to get your taxes? Are you sure you're not a criminal?
Now, I'm not talking about,
I should say this,
are you sure you haven't broken a law?
I should have said this better.
I'm not saying you're a criminal. Are you sure you haven't broken a law?
If you say yes, you're lying.
You're lying.
I'm telling you there's something in the tax code.
You have ripped off a mattress tag. You have probably jaywalked. You have probably you're probably on camera blowing through a red light somewhere. You've probably broke the speeding limit on a highway. Every one of you and somehow has broken a law over the last 30 days.
days this is why we don't investigate people we investigate crimes because investigating crimes keeps our national priorities straight investigating crimes joe starts when someone is impacted by the
crime deeply enough to report it to ask for an investigation right do you see what i'm saying
like crimes happen all the time what joe why hasn't anybody... Have you jaywalked?
I don't know if I've done that,
but I'm sure I've done something else.
Of course you have.
I have.
I probably jaywalked.
Well, in Florida, it's kind of tough
because everybody drives everywhere.
Well, I was in Manhattan recently,
leaving Fox News.
I kid you not,
there's a Pret-a-Manger across the street.
I love that place, the sandwich place.
Instead of going to the corner,
I crossed in the middle of the street.
I was a criminal.
But we don't investigate people because in our national priorities,
we understand that not every incidence of lawbreaking is significant enough
to waste assets on it.
Joe, why did nobody investigate me for jaywalking to Pret-a-Manger?
You want to know why?
Because nobody cared.
It impacted absolutely zero people.
Man.
Why don't we investigate every single taxpayer
in the United States
who probably fudges their charitable donations
a little bit at a tax return?
Why?
Why don't we do it, Joe?
Because it's not worth it.
So a guy puts down he donated $150 to charity
and it was actually 120.
He broke the law.
You broke the law if you did that.
Why don't we investigate you
and put you in jail?
Because we've decided as a country
that we're going to triage our responsibilities
in order to advance the civil society
and a civil society.
And a civil society does not put people in jail and investigate them for a $30 claim on a charitable donation that was never made.
It's not worth it.
You're paying an IRS agent, Joe, probably $80 an hour to investigate a $30 claim.
We don't do it.
This is why we don't investigate people we investigate crimes
now if there was a organization in florida new york whatever it may be joe that was teaching
people how to systematically cheat on their taxes by claiming three, $400 credits that don't exist over and over was costing the government a
fortune.
That would be different.
There were the government's probably taking a bath.
And even though you probably wouldn't lock up all of the people involved,
because let's say,
let's say Joe,
a million people did a hundred dollars in tax for a,
by claiming a deduction on charitable donations,
they never made.
You're not going to arrest a million people people but in a triage of our responsibilities because we
don't investigate people we investigate crimes someone in the government may say hey this is
getting significant now we got this this group down there teaching people how to break the law
and taxes this has to be shut down and what would they do joe they'd probably investigate the ringleaders without locking up a million people.
We don't investigate people.
And we definitely do not investigate the president of the United States to find a crime that nobody has complained about.
Where's the complainant?
Joe, where's the complainant?
Anywhere.
Where are they? We say, oh, well, what about the Trump University Anywhere. Where are they?
We say, oh, well, what about the Trump University?
Okay, what about it?
There were civil suits.
There was a court proceeding.
What about it?
We didn't need a special counsel for that.
I don't even know what happened with that.
Apparently, no one else cared either.
There was some kind of civil lawsuit, whatever,
and people moved on because the legal system,
Joe, newsflash worked we are in in the midst right now of a very serious slow drip soft coup now you may say
oh the grand jury the impaneling of the grand jury for a criminal case nobody can nobody can
show a crime well that's not a huge deal well let me go down the list and this is all in william
jacobson's piece at legal insurrection Well, let me go down the list, and this is all in William Jacobson's piece
at Legal Insurrection,
which, again, I'll put in the show notes,
available at bogino.com and Conservative Review.
What about the intimidation of electors,
presidential electors that occurred after the election?
You know we have an electoral college.
You need 270 electors to win, chosen by the states.
What about the intimidation that happened,
the emails people got,
the harassment they got to not vote for Trump after they were supposed to vote for Trump after the election?
Yeah, I remember that.
What about the impeachment threats and the Maxine Waters types now threatening impeachment again for a high crime and misdemeanor nobody can tell you what it is?
So that's not evidence of a slow drip, soft coup?
Yeah.
What about the Russia conspiracy theories, again,
where nobody can prove either collusion or a crime?
Now, there's some very strong evidence Russia tried to involve themselves
in our election.
There is absolutely zero evidence that the Donald Trump team knew anything
about it or assisted the effort.
Zero.
Dano.
Yes.
Didn't the Gestapo used to investigate people?
All tyrannies do, Joe people all tyrannies do joe all tyrannies do you're seeing it venezuela right now where maduro uh maduro padoza leopoldo lopez in jail because he's a political opponent and what
did they do they found the crime what was the crime felonious skullduggery in the 42nd degree
thanks dan they'll make it up.
Piracy on the open seas,
felonious mopery,
disorderly conduct.
They'll just make it up.
Reckless endangerment of Winnie the Pooh.
When the government investigates people, they'll find a crime.
It doesn't matter.
They get to say what the crime is. That's the joke.
They're the
pitcher and the umpire at the same time special counsel appointment a special counsel appointment
for what the way the special account counsel appointment was supposed to work is you were
supposed to have a crime and any special counsel to investigate the crime we had watergate you had
whitewater trump is the first special counsel
appointment to investigate a presidential administration
for a crime when nobody can tell you what it is.
What about the leaks?
We had a
hit on a current news topic.
We had an unbelievable
leak yesterday.
Transcripts published
by left-leaning newspapers, actual transcripts of conversations President
Trump had with the Mexican president and the Australian Malcolm Turnbull from Australia.
Folks, this is unbelievable.
Transcripts of diplomatic conversations conducted between chief executives of the United States,
Mexico, and Australia. And to his credit, I'm not a big fan of David Frum, and I hate giving
these backhanded compliments in an attempt to be, it's not virtue signaling at all. But I do want
to give David Frum credit, who is a respected, at least by some people, analyst on foreign policy and world affairs issue.
Frum wrote a piece in The Atlantic saying this is a disgrace.
This is an absolute disgrace.
This is not a right leaning guy, Joe, by any measure.
But Frum said that the leaks of these transcripts are a total disgrace.
This sets an entirely new precedent for depravity.
Think about what happened now.
The president of the United States cannot have a conversation with a foreign leader without the
threat of somebody in the White House, in the White House, leakers in the White House. Again,
tell me again how there's no soft coup going on without a threat from someone in the White House
leaking the actual conversation. I get it, lefty tyrants, you liberals, you clowns,
you jokers, you disgusting animals who support this. You'll say, well, you know, listen,
this is we're holding Trump in check. You're holding Trump in check. Are you serious? You
know what you're doing? You live in the United States of America. You are preventing any foreign
leader from having a conversation with the united
states honestly without the fear of the conversation leaking to the press who will happily publish it
you are you are forbidding the president united states to conduct honest diplomacy anymore you
disgusting people who support this and again i do i applaud from for taking a stand because that joe
as i i've repeatedly mentioned on my show from
from our first show two years ago yep nothing is going to change in this country to left-leaning
figures in the media over the overwhelming majority of which are left-leaning start to
take a stand against bipartisan stupidity that is not a problem on the right joe we have done
legions of episodes
decrying the ridiculous efforts of the
Republican Party to do really dumb things.
So I don't want to hear it. I don't want lectures
from you goofy liberals listening to the show
who go, well, maybe the Republicans should stand
for something, too. No, we do all the time.
And most of the time it's standing against you morons
because you're tyrants. But we stand
frequently against really stupid
decisions made by the Republican Party.
Just look at my Twitter feed.
Oh, yeah.
Nothing's going to change in this country
until the David Frums of the world
can be absolutely honest
with the American people
and say, listen, we don't like Trump.
We are going to absolutely vote against Trump.
We're going to organize against him.
We're going to donate money.
I don't like his policies, Joe.
Okay, fair enough.
I believe in the First Amendment.
I believe in a constitutional republic,
and I will absolutely defend your right to do so.
But I applaud Frum for saying all of that's true,
but I absolutely do not support a leak of a private conversation
between two chief executives of countries
that is going to jeopardize the foreign policy,
the diplomatic efforts of the United States going forward.
This is outrageous. Nothing's going to change until more foreign policy, the diplomatic efforts of the United States going forward. This is outrageous.
Nothing's going to change until more people like Frum step forward
because it offers no ideological home, Joe,
to the radical leftists who seek approval from people
because they're like barking seals.
That's what they are.
They're like, leftists are so dumb
that they expect you to parrot their stupid talking points.
And the minute they're called out by their own leftist friends, you know, the marshmallow sipping latte Obamacare kid with the pajama boy guy.
They lose their minds because like what David Frum didn't agree and they start crying.
Mm hmm.
OK, more evidence of the soft coup.
And again, this is all in Jacobson's piece.
more evidence of the soft coup.
And again, this is all in Jacobson's piece. Chuck Schumer,
the head of the Senate Democrats,
saying that he was going to hold out on
Supreme Court Justice Neil Gorsuch's
appointment because Trump was under investigation
when it was conclusively proven that
Schumer knew Trump wasn't under investigation.
So he lied
to stop the effective
functioning of the United States government. He just lied.
He lied about it.
Jim Comey's refusal to say when he was the FBI director
that Trump wasn't under investigation,
although he told Trump he wasn't under investigation.
Again, please tell me how there's not some soft coup going on,
how we're all crazy, we're all nutjob conspiracy theorists,
talk radio, we're all Looney Tunes.
Please tell me again how all this stuff is evidence of what?
A well-oiled governmental machine?
What are you, an imbecile?
After Jim Comey refuses to tell Trump that he's not under investigation,
and after Jim Comey leaks information,
the appointment of Bob Mueller, Jim Comey's friend,
is made to investigate Donald Trump for a crime nobody could tell you was committed.
Yeah, all fair, Joe, totally legit. Or as my daughter would say totes legit man totes legit fellas no worry about it nothing to see here folks move along one more unprecedented obstruction
of Trump appointees I did a show on it I'm not going to re-hammer this a couple weeks ago where
I gave you the actual numbers Trump can can't get anybody appointed. The Democrats are obstructing his appointments within the government.
He can't staff the government.
At the current pace the Senate Democrats are at now of allowing appointments to proceed,
it's going to take 11 years for Trump to get the government functioning with its full
load of appointees.
11 years.
In case you missed it, a presidency is four years, maybe eight.
Folks, I mean, again, please tell me how a soft coup is not going on right now.
Unprecedented leaks, unprecedented obstruction, lying, cheating, stealing.
It's just investigations of people, not crimes.
This is just incredible.
All right, I got a lot more to get through, so let me move on.
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Okay, as I predicted, Joe.
Oh, wait, one more quick news story.
So Susan Rice is keeping her
security clearance, the former Obama national security advisor, which is just insane again.
And who signed the letter? HR McMaster. So again, tell me again how this guy's not a problem. I mean,
I tweeted out yesterday. I'm like, this is just insane. This is absolutely insane.
We have Trump appointees having their security clearances pulled because they're
using the security clearance process as a political bludgeon while Trump is the president, by the way.
Yet we're allowing Susan Rice, who unmasked people and still can't give you a reason
why they spied on the Trump operation after they lost the presidential election, but before Trump
took office and when Trump was a nominee, they still can't provide a reason. But Susan Rice still
has her security clearance.
This is incredible.
I mean, it really is what's going on right now.
I mean, Trump really needs to take control, Joe.
I mean, he really seriously needs to take control.
I'm not knocking the guy here unnecessarily,
but we have to do a fair analysis on the show.
It's completely inappropriate to be a cheerleader for anyone here.
He is the president of the United States.
McMaster has got to go.
He has got a bunch of Obama holdovers.
He has a bunch of, why hasn't he released the information on the unmasking yet?
He's got a bunch of establishmentarian swamp creatures.
And as someone in an article I just saw about McMaster said,
I think it was a Daily Caller piece,
he's like, our worst fears are coming true.
This swamp mentality is setting in again and nothing's going to change.
Can I just give you one quick backstory on this?
Yeah, man, go ahead.
I probably shouldn't, but I'm not going to say who, to be fair,
because the person didn't give me permission.
But when the Trump team took over, I had some interest in joining,
and there was some interest expressed.
It was a two-way street.
I'm not trying to be Mr. Know-it-all or anything like that.
I'm just telling you the truth.
They had reached out.
I had reached back.
I was interested in the beginning.
It was a fascinating conversation.
And one of the conversations I had with someone we all know, if you follow conservative politics, who's now in the Trump administration, was that this guy talking about Trump, Joe, he said to me on the phone.
I remember I was in my daughter's bathroom talking because they were watching TV and I had to get away because I was like, you know, I yell really loud when I talk sometimes.
And he said to me, you have to understand, this is before he took office and the topic of an appointment came up. He said, you have to understand this guy's absolutely
committed to being a change agent. He said, and the guy on the phone, I trust very much. He's a
good guy. I believed him. And I believe Trump believed that too. But I know some people who
listen to this, who have some influence there, he has to grab hold of that idea again
and commit to it.
Because Joe, right now we're going down the same old path we did under Bush, the same
old path we did under Carter and Clinton and everywhere.
The swamp creatures get control of the government.
You can't get rid of it.
If you're really sincere about change, people are policy.
Some of these people have to go.
It's time for a house cleaning.
Do it now.
It's before the midterms. It's time for a house cleaning. Do it now. It's before
the midterms. It's early. You've already cleaned out a lot of your chief of staff operation,
your press office. It's time to clean out at the National Security Council and start bringing in
people who know what's going on. All right. Moving on. So the topic of a universal basic income,
which is probably one of our second or third biggest shows ever.
People emailed me for weeks about that.
It's come up again because actually Rush Limbaugh came up on Limbaugh yesterday. And it's come up again because of Zuckerberg.
Mark Zuckerberg, the Facebook boss over there.
Yeah, the dude at Facebook.
There's some rumbles that he's running for president.
Zuckerberg is a big proponent of this universal basic income,
so it keeps leaking into the general public conversation.
And it's a topic we discuss a lot.
We got tremendous feedback on.
And I'm not going to beat it to death again because we've done shows on it.
It's back in the library if you want to listen to it.
But a guy called in, a young guy, into Limbaugh yesterday,
and he brought up an interesting point.
He said, you know, this is a big thing with kids my age, millennial types,
and a little bit older.
They think this could be an effective mechanism because we're worried about robotics taking
all of our jobs.
And he said something to the effect, and I have this in quotes, but I'm not sure it's
a direct quote.
So let's just say it's not a quote, to be fair.
But he said something like, well, all of our needs will be met and what
are we going to do and i thought oh here we go again so just quickly on this folks please this
this do you understand this conversation has happened literally throughout civilized human
history not figuratively literally this has always come up rush limbaugh brought up the
the horse and buggy how oh what are we going to do the horse and buggy. Oh, what are we going to do? The horse and buggy, you have this thing called the car.
People aren't going to know what to do with their horses.
No, you know what they did with their horses?
They use them for recreation.
People still buy horses, folks.
In case you hadn't heard, I have a friend who owns a horse in Maryland.
I mean, they own horses.
They just don't use them for transportation.
They use them for recreation.
You know, that was, Joe, keepe keep in mind 100 200 years ago that was probably an insane thought a horse for recreation that's how i get to grandma's house what are you crazy the point
i'm trying to make is when someone says and i'm you know i'm i'm going back to what I'm generally quoting the guy saying, all our needs will be met by robots.
How do you know what you need?
Nobody knew horses were recreational.
I'm sure some people rode horses 200, 300, 500, 1,000, 2,000 years ago and had fun doing it.
But that wasn't the purpose of a horse generally, Joe.
It was for combat for transportation
for you know beasts of burden nobody thought well i'm gonna ride around on a prairie and engage in
equestrian activities and do the what do they call that when they the horses jump over the thingies
i don't i'm not rich enough to do that steeplechase steeplechase see armacost is a wealthy
thurston howell so he knows about this he golf golfs Armacost, which I find hysterical.
Like, you're such a middle-class Elvis-looking dude.
The fact that he golfs and his son Joe, too, is so not corresponding to how Joe really is in real life.
He asked me once, do you golf?
I'm like, do I golf?
I'm like, are you kidding me, bro?
Do I golf?
Are you out of your mind?
Do I golf?
Like, golf. Can you kidding me, bro? Do I golf? Are you out of your mind? Do I golf? Like, golf.
Can you imagine me golfing?
I'd be like, who's the first Democrat I could chase down with this golf club?
Just kidding.
I'm a Republican.
We don't engage in violence.
Only liberals do.
Or maybe to defend myself against a violent liberal Antifa mob coming after me.
But no, I don't golf.
But I figure Armacost would know about steeplechase.
I have no clue about that at all.
Oh, yeah.
But he is such a sophisticant.
But the point I'm trying to make is,
do you understand, Joe, how nobody thought of stuff like that?
Yeah.
Steeplechase probably originated because people were using horses for combat
who needed to teach them to jump over ramparts and barriers.
Nobody knew what they needed with horses.
I mean, did anybody in the 1890s know they needed a portable device we now call an iphone that sends emails and and and can uh play
music i mean could do anything can give you a map of the area could do just about anything you need
who knew we needed that so whenever a liberal says to you oh universal basic income is necessary
because you know all of our needs will be met and we won't know what to do with our time you have no we needed that so whenever a liberal says to you oh universal basic income is necessary because
you know all of our needs will be met and we won't know what to do with our time you have no idea
what needs are you have none this has been said about uh the cotton gin right this has been said
about horse and buggy this has been said about atms You know what happened when ATMs happened?
Bank employment overall in the economy increased. Because why?
The people now who weren't working behind the counter were doing loan servicing.
They were doing customer service.
They were moved to other jobs where they didn't have to sit there and say, how much do you need, Joe?
100, 20, 40, 60, 80, 100.
And then the next guy, what do you need?
100, 20, 40.
That's not what they did.
They were engaging in customer service.
There were other jobs that were people to,
high-tech jobs to maintain these ATMs,
to maintain the copper lines they use.
I don't know if you know this,
but talk radio uses ISDN lines.
Joe knows this.
You know who the other people who use ISDN lines are?
ATMs.
There you go.
Now, it's an old, antiquated technology, but shockingly enough, there are still people out there being paid to maintain it.
And you know what?
When ISDN goes the way of the dinosaur, which it is already, I do my show for Levin over internet, not ISDN anymore, although me and Joe used to.
Remember that?
Sure.
My basement?
Oh, yeah.
There are now people doing what, Joe?
Building Comrex boxes boxes which are codex which
work over the internet i mean joe and i know a guy at wcbm whose entire career you know eric is
based on going out and and fixing engineering problems with codex and isdns you don't know
what you need you don't know what you need and the fascinating thing about robotics and
automation is that people are moved out of really horrible manual labor jobs that will now be
handled by robots and i don't mean horrible qualitatively i mean it respectfully i i really
mean this don't take this personally if you're a minor right now that is a hard job my gosh that's a hard job you're up
every day at the crack of dawn smashing rock you have i have a and you have no idea the respect i
have you you know because i did manual labor growing up really hard manual labor and i know
what it's like that is hard i have a world of respect for the fact that you are mining energy products that keep the world moving. But the nice part in the future about robotics is it's going to enable you to do different things. You're not going to have to be, your kids are not going to have to be the ones cracking the rocks anymore. This is not a bad thing. You don't know what you need.
You have no idea.
And finally, they're like, well, people are going to be bored.
They're not going to know what to do.
Folks, that is the dumbest thing I have ever heard
in the history of humankind, including kank yesterday.
Did I mention a kankster curve?
I did, right?
Yeah, we started off.
On the kankster curve, he suggests 0 to 100,
being 100 is maximum liberal dopiness.
That is up there on the gangster curve.
That's 100 for stupidity.
People aren't going to know what to do.
Joe, I've got news for you.
I've got a job right now.
It is nothing compared to the minors.
Nothing.
I mean, peanuts.
I get up at about 7 a.m.
I do a good solid three hours of show prep.
I do.
I want to bring you the latest news and the best commentary out there.
I take my show very seriously and so does Joe.
We communicate in the morning about it.
It's not a joke to me.
It's my life.
I give you about 45, sometimes 50 minutes of content.
That content, it is my entire life.
But folks, my job is not hard.
It's challenging.
It's not hard.
My day, let me see. It's probably over by, so I get up at seven. Candidly, my day's probably over by noon. I send out the show notes,
maybe 1230 or so. My job is not hard, but it's challenging. And you seem to enjoy it based on
the downloads we've been getting. And clean. It's a clean job. It's a clean job. Now, the rest of
the day,
well, you think I don't know what to do? I know what to do. The only question is not will human beings know what to do with automation. It's how will they figure out how to get paid for it?
Folks, people know what to do. People love to golf. You know what I do the rest of the day?
I read commentary. I go on Facebook. I write commentary on Facebook. I tweet. You may say, well, that's not doing anything. Really? Are you sure? Because my brand is content production. That's what I do. I get paid to produce content. I don't sit there after 1230 in my room with s'mores and marshmallows, you know, watching TV, watching Phineas and Ferb and Dr. Doof and Schmertz That's not what I do. The rest of the day, I produce content.
And I have figured out a way to monetize that content
to produce content people want.
That's what I do.
And I've got news for you.
In the future, people are going to find things to do.
They may want to pursue art.
I don't know.
There are going to be people out there
who may have an interest in robotics
who start a YouTube channel, Joe.
Here's how you fix robots.
And they get 100 million subscribers.
And people pay to watch them fix robots.
You will figure out something to do.
The only question is how will you figure out a way to monetize it?
That's the only question.
And, Joe, newsflash, how to monetize something is not a question of automation or progress or universal basic income.
How to monetize it is a question that has haunted us throughout human history.
How do we monetize fishing?
We became fishermen and caught extra fish and sold them.
How do we monetize computers?
I got news for you, folks.
Not a lot of people figured that out until steve jobs came along until bill
gates came along and said well we can put a computer in everybody's home by the way they
were laughed at for that computer and everybody's home what are you guys idiots nobody wants that
yeah good move good call folks good call yeah nobody wants a computer in everybody's hope
joe people laughed at them because they said people don't wait to go back to that word people
don't need that you have no idea what people need if you knew what people needed joe you'd already produce it
be a millionaire you have no idea the guy who invented the pet rock people probably laughed
at him people don't need that you know what he did he invented a marketing product the pet rock
hey buy a pet rock people bought it because they thought they needed it you have no idea what people need the universal basic income is a dumb idea i'm sorry it's just a bad idea go
back to the other shows and had there are some conservatives who support it um i don't i think
there are some positive components to it but the negatives far outweigh the positives and the
negative is this and i want to just move on quickly to one more thing the negative is this a universal
basic income will eventually incentivize people to not work and not produce because
they can get a base level of income to sustain a lifestyle by doing nothing at all.
Remember what I said.
Don't ask what are people going to do.
People will always do something.
The only question is how to monetize it.
And when you give people money, you give people money,
they will not figure out what to do. They will do nothing because they're being paid to do nothing.
All right. That's important because this is coming up again with the Zuckerberg stuff.
Put that baby to bed. The UBI, universal basic income, is a really bad idea. And I always get
negative feedback from this liberal guy.
He's a nice guy.
He's not a jerk, by the way.
He always tweets me about it.
And he brings up these studies that are so isolated and basically irrelevant to the larger
national picture.
It's just a bad idea.
You incentivize people to do nothing.
UBI, unbelievably bad idea.
Yeah, it's unbelievable.
Seriously, being that I do most of the talking,
I think you have an unfair advantage on winning this.
I do.
Because you get to sit back and I say something
and you get a couple minutes to formulate
these like cool little t-shirt ideas, you know?
You figured it out.
And I don't get to do that, you know?
You got me.
Yeah, yeah.
But it's good.
I love it.
I get tons of feedback.
I have, I've gotten probably 500 emails about Joe where people really like him. I got one
who didn't like you. I forget what his comment was. It was something dumb though. I was like,
sorry, dude. Yeah, but 500 to one's a pretty good ratio. Considering about my own show,
I get about 10 negative emails for every 500 good ones. I do. I'm not even kidding. Some guy
thought we spent too much time yesterday on the gangster. I'm sorry. It was just such a dumb comment about recirculation of money that I felt like we had
to thoroughly debunk this guy because he's into buffoonery. It was unbelievable.
Hey, just like we predicted last week and on yesterday's show, I think as well,
I said to you with the constant talk of tax cuts coming out of the Trump administration and the Republican Congress that there was going to be a relitigation of the Reagan year
tax cuts and what the effects of the Reagan year tax cuts were.
Now, I have beaten this thing to death on the show repeatedly, but I was right.
In today's Wall Street Journal, Phil Graham, who writes some really quality stuff over
there, has an op-ed defending the Reagan year tax cuts.
And I was sent by a listener.
Thank you, by the way.
I forget the listener's name right now.
An article at MarketWatch, both of which I'll put the articles in the show notes.
I'll give you the pro and the con.
But an article about why the Reagan tax cuts were bad.
So Wall Street Journal piece by Phil Graham.
Reagan tax cuts were good.
Here's why.
MarketWatch piece by, I think it's Nick Buffy
is the name I'm it is Nick Buffy I'm just not sure if I'm saying it right maybe it's Boofy or
something like that I have no idea but in market watch where he says no no Reagan tax cuts were
not good and basically here's why um I'll put both both pieces in there but uh the Phil Graham
piece just to sum it up it makes some really nice points about how folks you have to understand
during the Reagan years how bracket creep was becoming a really significant problem.
Now, what is bracket creep?
It was happening in the Carter years, and it happened in the early years of the Reagan
years until Reagan cut taxes and basically defeated inflation because it was significant
at that point.
It was whittling away the value of the dollar you had in your wallet.
Bracket creep is this.
Say you have an income tax, Joe.
In the income tax, we have marginal rates.
So the rates apply to the last dollar earned.
So in a nutshell, you're going to pay taxes on, let's make the numbers simple.
Your first dollar you earn to $10,000.
So if you make, say, $100,000, right?
You're going to pay a rate on your first $0 to $10,000.
Say that rate is 10%.
And then you're going to pay $10,000 to $20,000.
You're going to pay a different rate, 20%.
I'm making the numbers easy for the sake of analysis here.
Then on 20 to 30, you're going to pay 30%.
You do not pay one flat income tax rate.
I hope everybody understands that.
I understand.
We have marginal income tax rates
where you pay on the dollar you earned in that category.
It doesn't matter what your gross total was.
You will pay on that no matter what.
Now, there's an AMT which complicates it,
but just for the sake of analysis here,
you pay on the last dollar earned.
So let's say if Joe makes $100,000,
that that rate is 90% from 90,000 to 100.
Joe does not pay that 90% rate on all of his $100,000 income.
Right.
He pays it on the 10,000 he earned between 90 and 100.
Does that make sense?
Yes, it does.
That's how income tax rates work.
There's a lot of confusion out there.
A lot of people seem to think we play a flat rate.
I wish we did.
But we don't.
That's not how it works.
So what was happening with bracket creep in the pre-Reagan years and in the early years
of the Reagan presidency was inflation was whittling away the value of the dollar.
So people, prices were going up, and so were salaries.
The salaries weren't going up at the rate of inflation, which was causing you to lose
money.
Joe, if I double your salary from $10,000 to $20,000, but inflation triples, I got news for you. You
just lost a whole lot of money. Because although you're making double the money, the prices are
three times as high. Does that make sense? So what was happening under the inflationary Carter years
and the early Reagan years, before the Volcker crushed inflation at the Federal Reserve,
salaries were going up because of inflation.
It wasn't, they're correlated, I shouldn't say because of, but due to inflationary effects,
salaries were creeping up as well.
But they weren't buying you anything.
You understand why, right?
It was buying you actually less stuff.
But the tax brackets were not indexed to go up as well.
but the tax brackets were not indexed to go up as well.
So if Joe made $10,000 and then got a raise to $20,000 and then say prices went up three times as high,
Joe was now paying the higher income tax rates on his $20,000 salary,
even though his money still buys less stuff.
Okay.
Does that make sense, Joe?
Yeah.
You were moving up the income tax bracket because of
your raise but your raise was due to inflation your raise wasn't due to pure hardcore economic
growth and productivity so bracket creep was destroying american purchasing power again joe
gets double the raise but prices go up three times as high and now joe's paying double the taxes
right you get the double whammy this was
a big problem so graham's piece which is a really good one by the way talks about how everybody said
reagan was crazy by cutting taxes that it was going to lead to an even worse inflationary mess
and none of this happened because real income tax receipts which were predicted to collapse under
reagan because they said oh my gosh this is going to be terrible because now we have bracket creep, Joe.
We have inflation and Reagan's cutting taxes too.
Now forget it.
Real revenue is going to collapse.
What happened?
Well, real revenue increased by 19% from the time Reagan got into real revenue.
That means inflation adjusted from the time Reagan got into office until the time he left. And what happened was income growth was not just due to inflationary pressures
and salary increases due to increasing prices in the economy, Joe. Salary growth in the Reagan
years was due to actual economic growth, where companies were making more money, who then said
to Joe Armacost, okay, now that we're making more money, Joe, we can give you more too.
So Reagan crushed that. He crushed inflation with help from Volcker. This other piece, so it's a really good piece I suggest you read for an explanation of the
Reagan tax cuts.
But just to wrap it up, the Nick Buffy piece at MarketWatch is fascinating because the
guy attacks Reagan, but he really, I'm sorry, just doesn't know what he's talking about.
He uses the Clinton example, which is fascinating.
He's like, look, you know, Reagan's growth years were great, but so was Clinton, and
Clinton raised taxes.
But what he doesn't tell you, what liberals always say, debunk this point immediately,
is, well, Clinton raised the income tax rate.
Okay, well, two things.
He cut the capital gains tax rate as well, which led to investment in the economy.
And secondly, the levels of government spending under Bill Clinton were dramatically lower
than they are today in real terms and as a percentage of the economy.
Now, folks, government spending is taxation.
Why?
Because where does the government get money from?
Taxes.
Government spending is taxation.
So if you cut government spending or you control it, then you have effectively cut taxes, not
only on the current generation, but on the generation in the future you're borrowing
from.
So please spare me the nonsense about how the Clinton administration was evidence of some liberal success story.
The minute you trade me the levels of Clinton era spending,
19 to 20% of GDP and about $2 trillion
and we're spending less than we're spending now,
you trade me that tomorrow,
then we'll have a conversation
about how the liberal years,
quote, liberal years of Bill Clinton were such a success.
You just don't know what you're talking about.
So this Buffy piece is just ridiculous.
He basically tries to say, well, Reagan grew the economy,
but so did Clinton, therefore tax cuts are a joke.
Come on, give me a break, dude.
Seriously, I'll put the piece in there.
You can evaluate it yourself.
All right, thanks again for tuning in, folks.
I really appreciate it.
I will see you all on Monday.
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