The Dan Bongino Show - This Video Explains The Lib Meltdown Over Elon (Ep 1740)

Episode Date: April 5, 2022

In this episode, I address the meltdown at Twitter after Elon Musk purchased an enormous stake in the company. I also address the real reason that the left is panicking over this move.  News Picks: Did Hunter Biden try to profit off of the first Russian invasion of Ukraine? Is Trump coming back to Twitter?  The internet is splintering, and everyone is going to have to pick a side soon. Disney shareholder tells the company to get back to work. Three fake Republicans support the obviously unqualified Judge Jackson. The BLM scandal gets even worse.  Copyright Bongino Inc All Rights Reserved Learn more about your ad choices. Visit podcastchoices.com/adchoices

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This is a huge story. This is not a story about a single investor buying into a company. It happens all the time. I want to tell you why it matters, why their offer this morning, Twitter to Elon of a board seat matters. I've got that. I've got this Disney thing, but from a different angle as well. Why the Disney thing is related to the Elon thing, which is related to the Twitter thing, which is related to the big tech thing. I'm going to tie it all together. This may be the most loaded show we've ever done. And I'm

not kidding. That's why we had to start a little late today. Welcome to the Dan Bongino show. Like I said, the Elon story, BlackRock, everybody all tied in together here. I'm going to show you why it matters. Got a ton of audio and video for you. If you're looking for a firearm, I wholeheartedly recommend Henry Repeating Arms. They make 200 models of rifles, shotguns, and revolvers in a wide variety of calibers and finishes.

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All right, Joe, let's go. All right, here we go, brother. So it is, yes, here is yes here we go is right there's a lot to go to today there is this is very important to diagnose how we got here how we got here meaning the breakdown in the culture wars the attacks on our kids the move away from faith family freedom capitalism into a blm oriented defund the police teach the kids sexuality and that they're racist society how did we get here if we don't diagnose it we're liable to repeat this thing again this cycle of destruction and we're not going to do it there are a lot of reasons why we got here and i don't mean to oversimplify but if i had to triage the problem and say what

were the two most important failures on the conservative side where we lost this fight that led to the position we're in now, moving towards a socialist-based economy with censorship and totalitarian principles, I would say, number one, the schools, the fights in the schools. And I would say, number two, the loss of influence on corporate boards. The left took over the schools decades ago and have been indoctrinating our kids K through 12 all the way into college and university. They have been destroying our kids' minds.

The left's takeover of corporate boards at major companies has made the companies go along with the leftist Green New deal agenda their socialist agenda their uh stakeholder uh rather than shareholder agenda look that up you know they want everybody to have a take in a company even if you're not an investor and the fact that these corporations now donate to leftist causes schools and corporate boards have done incredible incredible damage to the constitutional republic the question now are we at a fork in the road? And I think the answer is yes. I think the Disney, the Leah Thomas situation,

the attempted sexualizing of kids in K-12 schools and in kindergarten, as early as kindergarten, the teaching of kids to be radical, racist, the pushing of a formerly family-friendly company, Disney, to sexualize kids in kindergarten. I think it's created a massive divot here. There is an inflection point. There's a fork in the road.

Going forward, everybody understands we're in a war, and conservatives' eyes are open. Here's what I mean. The Blaze had an article yesterday, made me think of the theme to today's show. Get back to business. A Disney shareholder blasts the company for wasting shareholders' money on political crusades.

This is in addition to viral posts from Disney insiders and employees saying they're tired of this nonsense. It's time for Disney to do Disney stuff, which is making good family-friendly content for people to enjoy and be entertained by. Do you want to do this political stuff? Go right ahead. Do it on your own time. The shareholders are now saying, stop wasting my money. I invested in the company to take on political causes I have no interest with, or I am interested and I disagree with you.

Go to work. Go to work. Go to work. You want to run for office, Disney? Run for office to the Disney board. The problem is, ladies and gentlemen, the left took over corporate boards like Disney a long time ago. And one of the ways they've taken, we have an ETF. You know what an ETF is?

Not ATF, ETF. An ETF is one of these funds you buy into so you don't have to buy and manage individual stocks. You know what they are. ETF, they buy a portfolio, so they invest it for you. It's a way for people to get involved with the market, diversify their risk portfolio, buy a lot of stocks

and not have to buy and sell and day trade every day. ETFs are really popular. You know, some ETFs and these investment funds have hundreds of billions of dollars in assets. Well, they take those hundreds of billions of dollars in assets and you know what they do? They buy influence in major corporations in America through their stock prices and they vote their shares. Meaning they can get companies to go left really fast. Nobody diagnoses this problem, and I mean nobody better than Vivek Ramaswamy. He was on with Will Kane this past weekend on Fox, talking about exactly this problem, how big investment firms like BlackRock,

which take your money, you think you're voting in your pension fund and the ETF? They take your money and then they vote these companies far left. That's what happened to Disney. Here's Vivek explaining and diagnosing the problem right here. Check this out. Yes. So let me give you some insight. And this may actually even be confusing to a lot of people who see Disney doing business in countries ranging from Japan to cruise lines going to islands in the Caribbean where gay marriage is banned,

where they don't say a peep. Why is that? So a lot of people look at the situation and think that CEO Bob Chapik was bending the knee to 20 employees who complained about him and are confused about why he's doing it. There's a quieter undercurrent here too, Will. If you look at who are the top shareholders of Disney, it is BlackRock, State Street, and Vanguard,

the three largest asset managers in the United States who collectively manage over 20 trillion dollars, by the way, that's more than the GDP of the United States, who are the shareholders, technically the bosses of the CEOs who quietly tell them that exactly these are the kinds of social agendas that they want to see them pushing. So actually, if you're a CEO in a public company today, you find yourself sandwiched not just between your progressive woke employees and people on the outside wonder why are they bending the knee to them. It's that when you look at your alleged bosses, the quote unquote shareholders, they're actually quietly whispering in your ear that they want to see you doing the same things, too. So it runs far deeper and it's far more complicated.

But the problem will and you know this well, is that those shareholders aren't the actual shareholders. They're actually the everyday citizens of this country who entrust those institutions with their money. Thank you. Thank you, Vivek Ramaswamy. Maybe we should have him on my Fox show this weekend and talk about this. Just to be clear, you have $10,000 you want to invest. You don't want to day trade every day on stocks. You invest in an ETF,

electronically traded fund, right? It diversifies its risk, buys a lot of different stock. You know what? Most of the time, I'll be honest with you, a lot of people don't even know what's in the ETF. They just know they have stocks, right? So they have this ETF. ETF, say, is managed by an investment company. Say BlackRock manages your investments, right? They take that money and buy shares. When they pool it with millions of other Americans, $10,000 investments, they've got a lot of sway. They can make one investment decision in a company and influence an entire company. Think about it. If they own, say, 10% of a company, that's a lot. Say they own 10% of Facebook, Own, say, 10% of a company.

That's a lot. Say they own 10% of Facebook, BlackRock. If they tell Facebook, I want you to get woke and make a donation to BLM, follow me, and they say no, BlackRock can say, all right, we're just going to sell your shares. Do you have any idea the damage that would do to the stock price if you were to sell 10% of the shares of Facebook? All the shareholders of Facebook Facebook and specifically the board, they have options. They can't even exercise those options and get paid if the stock doesn't reach a certain price. How's the stock going to reach a certain price if BlackRock sells 10%? That's a

lot. Sounds kind of like what Elon Musk just bought on Twitter. Oh, oh, now it's, oh yeah, now it's starting to make a little sense. We'll get to that in a minute too. Hold that thought. So BlackRock pulls money from all these investors. BlackRock's run by a lefty lunatic, Larry Fink. Larry Fink is as woke as woke gets. And he takes your money. You think you're investing in your pension.

What you're really investing in is wokeism through BlackRock. Here, here's Larry Fink from BlackRock telling everyone how, you know, they really admire these totalitarian governments. You know, Democrats are too, democracy is way too messy. This is the CEO of one of the largest

investment funds in the country. In the world. He can force companies to do things like that just by buy and sell decisions here check him out uncertainty markets don't like uncertainty markets like actually totalitarian governments where you have a understanding of what's out there and obviously we're the whole dimension is changing now with, as you said, a democratization of countries. And democracies are very messy, as we know, in the United States. You have opinions changing back and forth.

He admires totalitarian governments. This guy's buy or sell decisions with a stock can sink your company like that. your company like that if he winks and nods and goes hey you really should make a donation to this uh green new deal uh you know uh the save the polar bears fund you damn well better do it matter of fact what we'd really like you to do is to use your lobbyist branch as well to lobby aoc and others to push for even more radical green new deal so you better do it push for even more radical green new deal so you better do it here's larry fink here again from black rock saying how he likes to force companies to do these things keep in mind he's not hiding it this is larry fink in his own words i'm not paraphrasing his words they're his words check this out behaviors are going to have to change and this is one thing we're going to we're asking

companies you have to force behaviors. And at BlackRock, we are forcing behaviors. Yes, you are forcing behaviors, aren't you? You see why the Disney shareholder thing is so important? BlackRock having a stake in all of these companies, pushing them to the left. Their buy and sell decisions can sink the company if you are a manager or a board member or a c-suite executive because of capital gains versus income tax laws it is more beneficial for you to get your a lot of your income as done in capital gain it's risky though is you guys all understand i'm sorry i know i'm i may be talking down to a lot of the advanced folks who understand the economics

of this, but some people have, you know, it's not your job to understand how options and all this stuff works. Because of the tax advantages of the capital gains tax being lower than the income tax, it is better for you if the company succeeds to be paid in shares rather than income because the income tax would be higher. But there's a risk in that. Joe, if this isn't making sense, stop me. The risk is if the company's stock, say you get paid an option, Joe Armacost does not

get paid by Bungino Inc. unless our stock hits $100 a share. But if you do, you get a lot of money. Great. If it hits $100 a share, you may make a lot of money. Great. If it hits 100 a share, you may make a lot of money. You may make a million dollars this year. The catch is if it doesn't 100, you make nothing. Zero. Now, do you see why Larry Fink is so powerful? If you're an executive at Fakebook or Disney and you're paid in options because the capital gains rate is far less than the income tax rate. If this guy sells the stock, he sinks any income.

You don't get paid for squat. These people have to kiss his ass. Just like they'll have to kiss Elon's ass. I'd explain why they offered him a board seat this morning. You think Twitter's doing it because they like Elon Musk? You think the liberal lunatics at Twitter like him? A couple of them quit yesterday. I'm not looking for Elon Musk.

Why'd they offer him a board seat? Why? Why do you think, Joe? You think it's better to have Elon Musk on the inside and give him a board seat or to have him on the outside where he could sink your stock? What do you think?

Bring him on in, brother. Bring him in. Bring him on in, brother. Bring him on in, brother. You should write an article at Bongino.com. Joe Armacost, take on Elon. Bring him on in, brother. Bring him in. Bring him on in, brother. Bring him on in, brother. You should write an article at Bongino.com. Joe Armacost, take on Elon. Bring him on in, brother. You're damn right.

Better damn well have him on the inside. You don't want him on the outside where you can't control him. By the way, good luck controlling Elon Musk. Good luck with that. Folks, the left can't survive here without censorship. And the leftist woke companies of the world have figured that out that it's far better off to be kissing the ass of the liberal left in government and to have them you know potentially leave you alone than it is to be on the outside and be a

subject of their attack so the left needs censorship for their agenda to move forward that's why these big tech companies and these leftist corporations, that's why it's been so important for them to take over these corporate boards. Censorship is king on the left. Tucker covered this last night in relationship to Elon. Why Elon buying into Twitter? Twitter's commitment to censorship may be in trouble now because of Elon, who owns 10%. I just told you how it works, right? Tucker covered it last night, and he also covered it at the end. Do you notice there are things you can't say now because of places like Twitter, which will ban you? I thought we were a country of free speech. Not so much. Check this out. Censorship is essentially the hallmark of neoliberalism. Have you noticed that?

Our leaders seem to spend a lot more time trying to control what we say and think than trying to improve our country. And that means that anyone who orders the wrong words, even accidentally, gets fired or banned or ostracized or even charged with a crime. We've seen that too. We don't need to give you more examples of it. They are literally everywhere. If you live here, you're deeply familiar with it. But censorship now defines America's public conversation. We spend an awful lot of time complaining about that on this show. We probably don't spend enough time asking, what is this all about? Why are the authorities suddenly so intent on controlling our words? Why are they so afraid of free speech? This is a new thing,

and the answer is pretty simple. It's an act of self-preservation. If voters were allowed to think for themselves, the entire system would teeter and possibly collapse. Sound like an overstatement? Okay. Consider the ideas that the people in power use to justify their power and the rule over you. Here are some of their slogans, not one of which you're allowed to disagree with. Here they go. America is a racist country. White supremacy is our biggest threat. January 6th was a coup. Ukraine is a vitally important ally. Gender is a social construct. Climate change is an existential crisis. This is a pandemic of the unvaccinated. And so on. Any better. I just explained to you why corporate boards matter and schools matter. We opened up the show saying there are two ways we got here.

The first way, take over the schools. The second way, corporate boards going left because of pressure by leftists running investment funds and leftist billionaires buying into companies. Okay? Everybody understands that. buying into companies. Okay. Everybody understands that the corporate boards matter because the income of everyone in the company, especially the really rich people on the boards and in the C suites, the executives are usually dependent on stock options, stock options. You getting paid depends on the stock going up. If you have a major stockholder like black rock or Elon Musk buying nine to 10% of the company, they can sink your livelihood like that. And by the way, if you're a C-suite executive that's in charge when the

company's stock price tanks because Elon Musk or BlackRock sells, you're never getting another job again because nobody wants a CPO, a CTO, a CIO, or a CEO who was in charge when the company's stock went down 15%. You get it? Got it? Bingo. This is why the censorship and Elon Musk taking over Twitter with a close to 10% share is so damaging to the left and why they'll melt down. Think of all the things you can't say the left is controlled because they control the corporate boards at Twitter. Let's go through them one by one.

Tucker mentioned them already. Can't talk about Ukraine. Here, replayed this yesterday. Put this up yesterday. Reclaim the net. Google to demonetize sites that dismiss the Russia-Ukraine war. You have a different idea about Ukraine? You're not allowed. Big tech said so. The board told you that at Google. No free speech there. All these things Tucker mentioned, you're not allowed big tech said so the board told you that at google no free speech there all these things tucker mentioned you're not allowed to say remember january 6th not allowed to put that up or talk about that either here forbes you think i'm making this up youtube is taking down raw footage from the capital riot as it tries to crack down on misinformation you want to talk about climate change hack good, good luck. BBC, Google, YouTube, ban ads on climate misinformation.

Ah, crazy. I thought we lived in a country of free speech. You want to talk about voting and upcoming elections? Good luck on that one. Reuters, exclusive Facebook to ban misinformation on voting and upcoming U.S. elections. You want to just use language that you like to use but Google doesn't like? Can't do that either. Reclaim the net.

New Google Docs. Feature's going to flag potentially discriminatory or inappropriate language. Good luck. Tell me again how we live in a free speech society. These leftist companies aligning with leftist politicians who push them to ban things. Big leftist investors buy in on the board and push them to censor and they censor. Do you now see why the Elon story is such a big deal and why the left is going to lose their minds over the next week as Tucker predicted last night?

Elon Musk, Joe, will be accused of being a racist, a puppy hater. He'll hate old people. He definitely will hate women minorities immigrants aliens people from mars you name it elon musk will be accused of hating them in the coming weeks you watch and now you know why all right i got more on this in a second and i'm going to again elaborate on this is why elon owning nine percent is so important but twitter why this changes everything. A lot of people downplay in this a little bit.

But since the details broke since yesterday, I've changed my mind on this significantly. You probably tell by the tone of yesterday's conversation and today's. More information, that's why I always wait. So I just saw this article pop about it in Just the News. And again, talks about the importance of why Elon's deal is so big.

So, conservatives are now pushing Elon Musk to use his Twitter stake to restore Trump's account. Now, I've seen a lot of people, some commentary on this. They're like, oh my gosh, that's never going to happen. Well, number one, Trump would have to want to get back on. He's got his own platform, Truth Social, which contrary to the endless cornucopia of leftist hit pieces pieces ladies and gentlemen true social is doing not just fine but spectacular believe me i wouldn't spin your wheels

on that i have an account there the interaction is through the roof i have over 500 000 followers i've only been on there about a month they're afraid trump would get back on why because of what i just told you censorship is the key to leftist ideology and indoctrination moving forward. The left has to gaslight people to continue. They have to lie. They have to lie often. They have to lie confidently about everything from school choice to taxes, to healthcare, to Obamacare, to transsexual ideology, to CRT. They have to lie about it. The only way the lie sticks is if they can isolate you from the truth and prevent you from seeing the truth. And the key to that component of gaslighting

is censorship. That's how they isolate you from the truth and keep people stupid. That Elon Musk bought this share will be so influential and could potentially put Trump back on and allow Twitter to have an open conversation about this stuff is causing them major heartburn. Now, as of yesterday, due to the way he did his filings with the SEC, it appeared Elon Musk filed as a passive investor, meaning he wasn't looking to take over the company. A lot of information broke since yesterday, why I was very cautious about the story. Here's the issue going forward. Folks, I kid you not. On big tech, this is probably one of the most important segments I've done

in the last six months to a year. You should pay very close attention. Here's why this matters too. I explained to you the financial angle of him buying in and how his buy or sell decisions can impact the entire Twitter. Nobody at Twitter will get paid if Elon Musk sells his share. No one. They'll all be screwed, okay? They better kiss his ass. They better. Imagine poor Joe working every day in Guy, never getting a paycheck because I decided to sell stock in my own company and I buried him, I pay him in options. Now, he filed as a passive investor. If he becomes an activist investor, which is just simply a paperwork change, folks, it's not a big deal. Elon, we're talking about here.

And he changes Twitter and says, we will not be banning people based on political ideology anymore. We are going to follow simple terms of service. If you're breaking the law, we'll pull the information down. If not, no matter how offensive the speech is, we're leaving it up. Okay. Say he does that. The Twitter, he has enough

clout to put it. I'm not saying it would be a given is 9% a lot, but it's obviously not the whole company is 90%. He doesn't own, right. But he owns the most say he moves Twitter to a free speech platform. So sitting in a boardroom, let's game time, this shop talk this. And he says, listen, fellas, here's what we're going to do to do um we're not banning political speech anymore uh we're only going to ban criminal stuff and that's it and they say ah we're woke uh buffoons we want to we went to oberlin college or berkeley we're not doing that okay i'm going to sell well now you have an interesting decision don't you you're on the board you're like joe you're sitting there going, gosh, do I take a paycheck now? I've been working here five years. I've got these stock options. He sells. I'm out of money. Or do I stick to wokeism? Gas. Now you have consequences for wokeism, right? Now you have

consequences. So Twitter's going to have to make some big boy decisions soon if Elon decides he's going to make it a free speech platform. But let's talk it through a little more. Say Elon wins. Elon says, we are going back to free speech. You break the law, you're out. Other than that, free speech platform. Well, what happens next? Having lived through this with Parler, I have an intimate experience of exactly how this happens and how they screw you over let's just say twitter that has a deal with aws as you can see from this text crunch tech crunch article twitter taps aws for its latest foray into the public cloud what's aws amazon web services twitter is hosted on amazon amazon apple and google didn't they pull Parler down, Joe, if I remember correctly? I think I was part of that. They pulled Parler down for alleging hate speech and promoting violence and all that stuff.

So wouldn't it be really weird if Twitter's terms of service were even looser than Parler and Truth's terms of service? looser than parlor and truth's terms of service because Elon pushed it, wouldn't that force Apple and Google and Amazon to pull Twitter off the internet? Oh, Dan, they wouldn't do that. I agree. But then it creates a really weird problem, doesn't it? Because if you don't pull Twitter down for being a free speech platform, you will have no legal justification going forward in the future to pull down any conservative platform that has the same free speech terms of service. And all everyone would do is copy

Twitter's terms of service at that point. You get it? Elon Musk changed the whole game. Either they ignore Elon and they crack down on conservative free speech even more. Elon sells his stock and can crush the entire company. Or they agree with Elon. They make money.

They put Apple, Google, and Amazon on notice. We're going to be a free speech platform, which then puts Apple, Google, and Amazon in a totally untenable position. Gosh, free speech. If we ban them, we'll have to ban Parler and Truth too. And if we ban Parler and Truth and Getter and all of these other free speech platforms, we'll have nothing left in the app store. What do we do?

What do we do? have nothing left in the app store. What do we do? What do we do? But if we leave Twitter up, then we can't ban Parler or True Social in the future because we didn't ban Twitter and we'd probably be sued because they have looser terms of service. Oh my God, what do we do? See folks, nobody's talking about this because they haven't lived through it like I did. They haven't lived through it like I did. I'm sorry. I'm not patting myself on the back. Believe me, mistakes were made. I get it. I get it. Believe me, I get it. But nobody is talking about the then what? They are effed, effed. F'd. Big tech. Elon Musk just changed the whole game. Now, say Elon does push it towards a free speech platform, which he'll have to do to rescue Twitter.

And Apple and Google are forced because they don't like Donald Trump coming back to I played it. Say Donald Trump is admitted back on the platform because Elon says free speech, right, Joe? Donald Trump tweets something they don't like. Twitter can't take it down. Elon says no. What does Apple and Google do? Apple and Google have already committed to attacking Donald Trump and banning his content. They'd be forced to pull it down, right?

So what does the left do then? Does the left start over with a new Twitter? Because if you're not on the app store, you don't exist. Good luck. Left tried left start over with a new twitter because if you're not on the app store you don't exist good luck left tried to start over one time joe's you're familiar with remember air america joe yes when the left tried to start from scratch their own liberal talk radio play joe's laughing because well you know why joe's laughing because no one remembers air america other than broadcast pros like joe because it lasted about five years, immediately lost money because nobody gave a damn about liberals talking about liberalism on the radio.

He's like, I never heard of it. Of course you haven't. Joe has, because Joe been in this business almost as long as I've been alive. So how do you think Twitter, if they got banned from the app store, which Google would be forced to do, if they had to start over with a new company

called Liberal Maniac Twitter, how do you think that would do knowing Air America failed? Good luck. Good luck, fellas. I'm telling you, I have significantly altered my position in 24 hours based on this board seat offer for Musk and his filing. This is huge.

Sorry if this stuff doesn't fascinate you, ladies and gentlemen. Maybe because of my equity stake in a number of tech companies, I'm fascinated by this topic, but I am assuring you what happened yesterday. Do not, oh, it didn't change it. No, no, it will. It will. I got more on this in a second, including the internet splintering in half. We're all going to have to make a decision soon.

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Twitter's in a bind. Twitter executives are in a bind. Apple's in a bind with the App Store. Google's in a bind in the App Store. Amazon's in a bind. Do they cancel their contract with AWS if Elon Musk pushes for Trump to get back on Twitter? What do they do? They don't know what to do. By the way, if they don't admit Trump back onto Twitter, Joe, Trump makes a fortune on

True Social. I'm telling you, I start... What did I tell you in the beginning of the show? There is a fork in the Twitter, Joe. Trump makes a fortune on true social. I'm telling you, I start, what did I tell you in the beginning of the show? There is a fork in the road, folks. I'm telling you things are going to get better. Things are going to get better because they have to. I think we've hit the bottom. The internet splintering. Conservatives woke up about five, six years ago in mass to the big tech. Joe and I have been talking about this, by the way, in the parallel economy forever, forever, for eons, since I lived back in Maryland seven years ago. Axios, Sarah Fisher, and Scott Rosenberg have an interesting piece.

It'll be in my newsletter today, bonchito.com slash newsletter. Listen, they're a left-leaning outlet, but this article's pretty good. America's internet is splitting along party lines. Red and blue America have reacted to the current information environment in radically different ways. This is so true. Progressives are focused on making sure

that existing media and online platforms crack down on misinformation. Keep that up, Keith. Yep. Progressives are missing this whole thing. I've been trying to explain this to the cat ladies

of the world forever. While you focus on little isolated things, oh, ban these ads for this site. What you don't understand is right under your noses because of what you were doing,

we were building entirely different ecosystems while you're sitting there focused on, you know, Warby Parker glass ads. Small timers. Small timers. It notes the Axios piece that

conservatives, increasingly feeling disenfranchised by media for mainstream news outlets to social platforms, have begun to invest in alternatives. Oh, you're darn right we have. You have no idea what's coming. You have no idea what's coming, leftists. Folks, I'm not chest-puffing on you here.

I work all day, like you, son of the poor me story. I work all day. When I'm done with this show at three, sometimes I go to the gym, sometimes I don't. But I work until about seven to nine at night. And I'm on calls building out this parallel economy. Us, the Daily Wire, Elon, other conservative wealthy investors are building out an entirely separate economy from these lunatics. While they sit there and focus on Equinox and leftist companies like Equinox, Jim and Warby Parker, don't ever buy

those. That's a lefty company there. Why they do that. And they focus on small ball. We're hitting home runs. We are building out everything on that note. I have an announcement coming up this Tuesday with another pretty prominent conservative. Many of you know,

because of the explosive success of our payment processing service, parallel economy.Economy.com, we have a big announcement coming on Tuesday. Everybody's figuring it out, folks. You'll see what I mean more on Tuesday, this coming Tuesday. I'm very, very excited. Things are good. I have a focus on small ball. Like I said, we're hitting grand slams. Ban Warby Parker from your site.

Can you do that? Keep wasting your time on that. Good luck. Smile, folks. It's a good day. You can tell I feel good today. I do. I woke up this morning after really digesting the Twitter Elon story and spending hours

last night thinking it through and in conversations with tech friends of mine. And it really hit me how significant of a moment this is in America. So smile this morning, chest out, chin up. The Dems are blowing it. They've blown it for a long time and they refuse to look in the mirror. It's not just their push for censorship, for censorship, their attack on free speech and other stuff. The Democrats have no ability to self-reflect at all. What do I always tell you? If you ever want to see, I hate to give them even emails, but Politico's playbook, they email it every morning.

You can always, they're a bunch of radical lefties that run this thing. You can just tell by the way they write. But it's good to see what lefties are thinking and every morning you'll get keen insight into what these lunatics on the left are doing now folks if you were asked to diagnose right why the left is losing support democrats are losing support joe if i were to ask the average average american not overly political like you and gee and me i mean we live this every day i mean it'd probably be fair to say, listen, the defund the police thing was crazy. I don't want you sexualizing my kids.

I don't want you teaching my kids they're racist. The inflation thing really sucks. I mean, I'm paying a lot of money for gas. I mean, seriously, you're a political guy like me. But that's pretty fair, right? Like the average American would probably say, but Joe, do you think that's like some rocket science thing? That's pretty common sense, right?

Like leave my kids alone. You know, I don't want to pay a lot for gas and food, right? Like that's it. Folks, my point is not to state the obvious. My point is that the Democrats can't figure that out. Because the reason I bring this up is I get these emails from you all the time. Stop warning the Democrats. They're going to gonna change they're not going to change here political playbook this morning why biden's base is in distress democrats are desperately trying to

understand joe they're desperately trying to understand. What's roiling the, they can't figure it out. Here, here's the gist of it. They cannot figure out what's going on. They had to hire a bunch of focus groups. Here's what the focus groups told these idiots. The same things I just told you. They said, hey, Democrat idiots. Here's what we're concerned with.

A preoccupation with inflation and crime. Gee, they care about prices going up and getting mugged. Oh my gosh. Democrats are like, we're stunned. How is that? People are exhausted with pandemic restrictions. Oh my gosh, Joe, I would have never guessed. They don't want to wear seven masks inside a church on Sunday

or outside in Central Park. Stunning, Joe. Stunning. They're cynical about politics. Gee, why would that be? You got their kids being taught CRT and sexualizing them in kindergarten. Why would they be cynical?

They have a deep frustration that Biden and the Dems have failed to deliver on promises. Oh, shocker there. They have sympathy for Ukraine, but they're really concerned about Biden spending too much time and money on the issue.

Yeah, it kind of sounds like what I told you a few weeks ago, right, Joe? Our conversation about, well, don't we have problems here? Border crime. Sounds like something I said, right? And they have ambiguity over how important January 6th should be for Democrats in the midterms. In other words, nobody cares anymore, ladies

and gentlemen. Nobody cares anymore. The Democrats do. Listen to me. They will not change. Chest out, chin up. They are incapable of changing. It is a religion for them. What's obvious to you will never be obvious to them. That is why they need censorship. Because instead of changing their minds and making a better case to the American people, they want to censor the alternative.

That, again, is why the Elon story is related to this. They can't change. BlackRock and their base won't let them change. They are maniacs. Here's another one from Politico. Florida Democrats want to win back Latino voters. It could be too late. One professor called Democrats' approach

to Hispanic voters wrought with entitlement. Gee, you think? So just to be clear, I don't want to speak for the entire Hispanic population because then we'd be doing what the left does, which is stereotyping people. But I happen to be married to a Hispanic woman who was Colombian. I know her mom and I happen to have a lot of Hispanic friends, Cubans, Venezuelans in the area. I don't pretend they speak for everyone, but I can tell you from personal experience dealing with them, including my friend over in my neighbor, over in my other

house over there in Palm City. Look at you, first world problems guy. I can tell you right now, they really don't like socialism and they are very social conservative. And the idea of you sexualizing their kids, the Hispanic voters, I know I can't speak for everyone. The Hispanic voters, I know they don't really like that, but you keep doing it. Why is that is that that the black rocks of the world and the moneyed interest telling the democrats you better double down on this stuff but we're losing it doesn't matter double down we're leftist lunatics now you say they're not doubling down come on they're not here's jen saki yesterday literally doubling down in the white house press room over the fake don't say gay bill that doesn't

exist because they want to sexualize your kids. Responding to a question from Peter Doocy about what age is it appropriate when we sexualize kids? Brilliant. Brilliant Peter Doocy question. Of course, Saki has no answer at all. Check this out. What about this new law in Florida?

At what age does the White House think that students should be taught about sexual orientation and gender identity? Well, I would say, first of all, Peter, we have spoken to the Don't Say Gay Bill in the past, I believe is what you're referring to, and made clear that as we look at this law, what we think it's a reflection of is politicians in florida propagating misinformed hateful policies that do absolutely nothing to address uh the real issues again i i so deeply appreciate your feedback on this show it matters to gee it matters to joe it matters to me we read it we see it jim reads. We read it all the time. I get this one email more than anything.

Dan, stop warning the left, folks. I'm not warning the left. I'm warning you. The left is incapable, incapable of change. I'm telling you this so you double down to buoy your spirits and let you know we are not losing. We have been. The tides are turning. They can't stop. Saki knows the exact same thing that's in Politico playbook this morning. She is not stupid. She knows Democrat voters and focus groups are flipping them the double barrel middle finger, family friendly version because of their culture war issues, ignoring domestic issues. And yet, what does she do? She goes out and says, hey, if I thought a gay bill, knowing socially conservative black and Hispanic voters are going to be like, wait, you want to sexualize my kids in kindergarten? I'm not really about that.

I don't care. The black rocks of the world, their money lobbyists, and their radical leftist base, which is probably 20% of the party, owns them. Owns them. It's not just their big tech censorship conundrum, though. It's not just their inability to self-reflect that's hurting the democrats folks it's also the hypocrisy now democrats being hypocrites is certainly nothing new but i want to get to this next i want to get to my last sponsor here's the important point here back in joe and my early days when everything was abc nbc and cbs if cronkite brokaw jennings if they didn't mention it on the nightly news,

ladies and gentlemen, it didn't happen. You could be a hypocrite. If you're right, Joe, if you were a hypocrite and Cronkite didn't mention it, nobody knew. Story might broke locally, but that's not the case anymore with social media. Now their hypocrisy is out there in the open. You see why the censorship is so important too

over the Twitter platform? Why Musk scares them? I'm going to show you again why the Democrats are hemorrhaging voters, why you put your chin up and your chest out there. Hypocrisy is now out there for everyone to see. This BLM story is devastating. Okay.

Again, why are they hemorrhaging voters, folks? The censorship regime is falling apart. They are incapable of self-reflection, doubling down on the culture wars, spending more money despite the inflation. If I can, I'll get to the story in Turkey, how Turkey has 61% inflation, 61%, the country of Turkey, and yet they're doubling down on more. This is what the Democrats are doing. But the hypocrisy is everywhere. Look at this Washington Examiner story by Andrew Kerr. BLM, they got busted purchasing a $6 million Los Angeles mansion with donor money. New report.

Black Lives Matter. Joe, it sounds like a Black Life Matter. I don't know about lives. Black life responsible for buying that $6 million mansion. Sounds like you were doing okay. Where are all the community centers that they talked about? Where's all the activist money in the communities trying to improve black lives? Sounds like one black life mattered to me, the person who bought that $6 million mansion.

You see how BlackRock and all of these left-leaning companies, remember how they all came out and support a BLM? Remember that? Here here's where your money went buy a nice big fat mansion for the top executives at blm nice huh remember stacy abrams thinks she's the governor of georgia stacy abrams was a big supporter of blm remember that yeah that's kind of interesting how the ap's reporting she just reached millionaire status before her second campaign. That's interesting. She wasn't worth anything close to that before she became a politician. Kind of weird. A BLM and Stacey Abrams, they're men and women of the people, Joe, from each according to their abilities, to each according to their needs. It's really weird how they keep getting rich while you keep

getting poorer. Kind of tough to vote Democrat, right? We're in it for the little guy. Meanwhile, you get screwed, they get rich. Matter of fact, here's one of the founders of BLM, Patrice Cullors, big hypocrite and fraud involved in this whole BLM grift with millions and homes and all this other stuff. Here she is on an infamous podcast video or whatever she did there. She's in an interview here, and she's explaining to the host how she's a Marxist. You know Marxism, where everybody's supposed to be equal from each according to their abilities to each according to their needs.

She's a trained Marxist. Here she is. Check this out. I think of a lot of things. The first thing I think is that we actually do have an ideological frame. Myself and Alicia in particular are trained organizers. We are trained Marxists.

We are super versed on sort of ideological theories. And I think that what we really try to do is build a movement that could be utilized by many, many black folk. So she's a quote, Joe, and she say super versed on ideological theories and Marx. So that's interesting because there are a lot of people who are super versed in Marx because you can actually read Marx. I was stuck reading in college with liberal professors like you need to read the Marx Engels reader. So that kind of turned me conservative pretty fast right there. So here is what Marx said about wealth. You know, the millions of dollars that BLM, which she started, was grifting to buy mansions. Cato Thomas Mayer notes in this article here that Marx formulated his ideas in the middle of the 19th century, when much of Europe, particularly England, was well along in what is often referred to as the Industrial Revolution.

The central Marxist idea was that those who had wealth would reap the benefit of this revolution and become ever more wealthy, while those who lived from their labor alone would be relegated to a bare subsistence. So Patrice Culler says she's well-versed in that and the dangers of wealth, creating more wealth while the poor got poor. But it's kind of weird. The poor and middle class donated to BLM where she was, and then the group went and accumulated more wealth. Kind of strange.

Was she not warned? Was she not familiar with the Marxist ideology? She said she was super versed. I mean, I'm just taking her word for it, right? Gee, why are we losing so many Hispanic voters in Florida? Gee, I don't know, because the same people in Venezuela who were Marxist told them that, and the Venezuelans flee here in mass. It is. It's such a head scratcher. Why are they losing Hispanic voters like Cubans and Venezuelans who fled Marxism and socialism

while they're telling people how wonderful Marxism and socialism is while founding BLM and then taking people's money and grifting off to go get their own mansions. Kind of like what happened in Venezuela and Cuba. Joe, it is. I cannot figure it out. I'm scratching my head. Tell me again. Thank you. We got a double.

We got a double. Tell me again. I love your emails again. But now do you understand why they cannot change? They are greedy. These people are losers. They have no ability to self-reflect. They are entirely beholden to their donor class, left-leaning corporations, and lobbyists who tell them go left no matter what, even as they walk right off the cliff. and lobbyists who tell them go left no matter what, even as they walk right off the cliff. Okay. A couple more quick stories I want to get to. Really, I told you it was a loaded show. I'm not even going to, for the first time in a while, we're not going to get through all the material. But if I can just tease tomorrow's show, which I rarely do, tomorrow's show is going to be very important. Something broke with the seizure of a very, very wealthy,

it happened at the end of my show, at the end of my show prep, excuse me, so I didn't have time, I didn't want to shortchange it today. Something happened with a very wealthy Russian. His yacht was seized. The connection to the Clintons is a huge, huge story

and very few people are making the connection. I'm going to get to that tomorrow. Kind of ties in a little bit to this. I would have covered it today, but it broke right as we would get on the air. It would have been unfair to Guy to start the whole show over. That's why we're a little late. There's so much material. This 100 Bytes, related to the Ukrainian ATM and Hillary Clinton, who cashed in on it to them.

Here, Seamus Bruner and John Solomon, who both do great work. Hunter Biden sought to cash in with oligarchs during the first Russian war in Ukraine record show. Folks, again, I don't care if you rent the book from the library. I can't say this enough. I'm not really interested in making any money off it. It's not my interest. But please, my book, Follow the Money, please pick it up however you get it. There is a chapter called Insane in Ukraine. I'm begging you

to pick up the book and read it. Borrow it, photocopy it. I really don't care. Please, please, please, please, please. It is super important you read it. It'll explain to you how pro-Ukrainian, pro-European Union, and pro-Russian forces in Ukraine all paid off a bunch of wealthy Americans to influence policy over there. Ukraine was a piggyback. It was an ATM for swamp rats for decades, folks, for decades. Hunter Biden was one of those swamp rats. Look at these new records. John Solomon notes that Hunter Biden, his team, they courted the Moscow mayor's wife, Batarina. Hunter Biden was securing lucrative board positions and consulting deals also with the Ukrainian oligarch, Mikola Zolchevsky, a man whose company, Burisma, the U.S. and Great

Britain wanted investigated for corruption. Listen to this part. Explains the Ukrainian ATM. The delicate balancing act of cashing in on both the Russian and Ukrainian sides of the conflict left the younger Biden and his partners acutely aware that Moscow's military annexation of Ukraine in 2014, Ukraine's Crimean region in 2014, was a wild card that could scuttle the success of their business pursuits. The memos show. It's not hard. Hunter Biden, Joe Biden, the swamp class. What they did, folks, is they took money from pro-Russian people who wanted Ukraine to align

with Russia and pro-European Union, pro-Ukrainian people who wanted Ukraine to align with Europe. They cashed those checks. They went to Congress and said, pass legislation doing this, pass legislation doing that. They all got rich. Read my book, Insane in Ukraine, that chapter and follow the money. It will open your eyes. Soros, by the way, is knee deep in all of this, all of it, all of it. You'll see it. How he tried to get these prosecute lists, his teams, and do not prosecute lists, how his teams and his organizations worked on that. And it appears they may have been influenced by business decisions.

It was all about the money. All right, I got to run. We've been loaded today. It's a lot to talk about. I'm going to have to transfer some of this stuff to tomorrow. Tomorrow's show will be killer. Please don't miss it. This Hillary Clinton thing about this yacht

seizure is a huge deal. Thanks for tuning in. Don't miss the radio show later. And please, please, please, we're building the parallel economy. Got a huge announcement coming up on Tuesday. Please subscribe to my podcast on Rumble. We have to get away from these tech titans. Rumble.com slash Bongino. Thank you very much. I'll see you on the radio show later. You just heard Dan Bongino.