The Dan Bongino Show - Watch the Liberal Meltdown After This Announcement (Ep 1469)
Episode Date: March 3, 2021In this episode, I discuss the absolute meltdown on the left after this big announcement. Also, I debunk liberal economic myths about the universal basic income, rent control, and more. News Picks: ... Here’s the chart measuring COVID deaths per capita by state. Texas Governor drops mask mandate, and liberals lose their minds. Disgraced CA Governor Gavin Newsom loses it after Texas opens up. Ratings for the Golden Globes crash through the floor. The Biden administration knows they’re in trouble on immigration. Rent control in Germany was a predictable disaster. Copyright Bongino Inc All Rights Reserved. Learn more about your ad choices. Visit podcastchoices.com/adchoices
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get ready to hear the truth about america on a show that's not immune to the facts with your host
dan bongino so liberals are absolutely losing it joy reed and others in the liberal media brigade
losing it because texas decided to open up for business god forbid that happened wouldn't want
people to actually make a living joe can't't have that. Go back to school, work, money, and all that stuff, not starve to
death. Joy Reid at MSNBC is like, nah, let's go back to the lockdown. That was really great for
everyone. So I've got some video there, but this is going to be an important show today.
We're going to do a little economics for dummies segment at the end. You're not going to want to
miss. There's about five or six stories out yesterday. I've been holding for a little while,
some from yesterday, some from the days before that. Again, if you're into like common sense
and stuff, I was talking to a friend of mine last night, who's a liberal. And she was like,
oh my gosh, like, how do you think all this stuff you think? I'm like, cause I believe in facts and
stuff. I got this economics for dummies segment. I'm going to show you four or five stories. Again,
proving to you using facts and data, how liberals are on the wrong side of
everything. If you believe in that kind of thing, you know, facts, data, and all that stuff. And
again, I just want to thank OANN for running my CPAC speech the other day. That's the last time
I'll say that. Hmm. Hmm. Got it. Just one more. I just want to get that in there one more time today's show
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welcome to the damn bongino show i got that Got a lot more too, including the CPAC stage fake controversy
has now turned and cannibalized liberals
that started it and cannibalized the liberal company.
I warned you.
All right.
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I got another bell in the mail yesterday from a listener. I really appreciate you all sending me bells, but we are really out of space for bells. You guys and ladies are awesome. I appreciate
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So as predicted, the fear brigade wants to continue pumping coronavirus fear throughout our society
because ladies and gentlemen, on a very serious note, there's power in fear.
Why?
Why is there power in fear?
Power in fear sounds like one of those pseudo-intellectual things people say when they're
trying to sound smart.
No, no, there is literal power in fear.
Fear motivates people to do things.
Why?
Because they want to avoid something they fear.
Right, Joe?
Not hard, right?
You see a serial killer running after you like a Jason Voorhees with a hockey mask with
a machete.
You're afraid.
Probably rightly so.
And therefore, you're motivated to take action, which is to do what?
To run and get away.
Well, when you fear instant death from the coronavirus because you've misplaced the risk
in many cases, not in all, in some cases you could very well die from it.
But in most cases, you will be, your risk is relatively low if you're a young, healthy
person.
So misplaced fear motivates people to do things.
And one of the things that motivates people to do is to give government people and bureaucrats
power.
And we know government folks, power, it's like a moth to a flame. You're going to give me power? Let's take it.
So they've got to keep the fear going. Here's a video I saw yesterday on CNN of a guest on
the network. As predicted, they will not let the masking and the social distance thing and the fear go no matter what, Joe.
Now they're suggesting that even during flu seasons coming up, we should engage in like seasonal fear, seasonal fear mongering.
And we should now maybe mask and social distance during every flu season, too.
So stay away from people. Walk outside. This is I'm telling you, it's never going to stop. You doubt me that this is an actual guest on CNN suggesting exactly what I just said.
Check this out. As we figure out what flu strains have been circulating in places like Australia
or South America, which sort of predicts what, what strains are likely to come into our country.
There's been so little flu in those two areas. I think it's going to be hard for us to try and
figure out what flu strains to pick.
But you're right.
If we mask and social distance every winter, we will see a dramatic reduction in flu, which usually causes hundreds of thousands of hospitalizations and tens of thousands of deaths.
I wonder whether that would be will be the lesson from this.
I I've only been warning you about this for a year now.
That we should engage in sound risk analysis.
We do that every day in our lives, right? We take on risk when we fly, when we drive a car,
when we leave our house during a busy flu season, when we decide to get on a cruise ship,
despite the fact that you're in an encapsulated container where there could be some viral
outbreak. You know why we do that stuff?
Because cruises are fun and people like them and they want to live and they don't want to give up their liberty. They've gauged the risk. They think it's small enough that they're willing to take the
chance. That's the same reason you get on an airplane. It's the same reason I get on an
airplane. There's a risk. There's a risk, sadly, that that plane could crash. That risk is very
low. People say, ah, I'm willing to live my life and travel because it's important to me to
see my loved ones.
So I'm willing to do it despite that risk.
Why have we thrown that all out the window in the COVID era?
We've done it because people engage in fear porn because fear porn leads to power porn
later.
We should mask and social distance now for the rest of our lives because there's a seasonal
flu.
we should mask and social distance now for the rest of our lives because there's a seasonal flu?
Showing you, here's a perfect example of how fear porn, the media and liberal power-hungry Lord Acton, power corrupts absolute, power corrupts absolutely, all powerful men are
inherently bad men, folks. Here's a headline from the New York Times. They're terrified,
terrified that, quote, this is an actual headline, folks. Not a joke. This is not the Babylon Bee or the Onion. Not meant to be satire. COVID-19, colon. You got to put that colon in there. Hat tip Chris Plant. He says that all the time. You know what I'm talking about if you listen to WMAL. COVID-19, colon.
COVID-19, colon.
The U.S. is edging towards normal,
alarming some officials.
It's a real headline.
That's a real headline.
Joe, people are alarmed.
We're edging towards normal.
God forbid that happen.
Real headline in the New York Times. God forbid.
Because as the fear thermometer ticks down
from 105 to 90 to 85 to 70, back to like a room temperature of 68 or
whatever it may be, or in my bedroom, 52, right? As that happens, people are like, oh my gosh, Joe,
if we start edging towards normal, people will start asking for their lives back and say,
you know what? I'd like to go outside maybe, you know, without a mask on if it's my choice.
And I'd like to go outside and shake hands with, without a mask on if it's my choice. And I'd
like to go outside and shake hands with people and hug my relatives. No, no, no. Can't have,
can't have, can't have that. It's very, very, it's a highly dangerous activity. Highly dangerous.
We can't have any, we can't have any of that. So where's this all coming from? Well, Texas,
Governor Greg Abbott finally decided to open up Texas for business again, took a lesson from
Ron DeSantis, or as a CPAC
poll called him, Ron Desnatus, spelled his name wrong. Either way, he's a great candidate. I love
Ron Desnatus or DeSantis. So the Texas governor decided to take a lesson from Ron DeSantis,
who's had great success in the state of Florida. Joe, doing crazy things like asking people to act
like adults. Weird, right? Gauge your own risk with coronavirus.
Even, oh my gosh, treat people like mature adults.
That's crazy.
And Ron does not.
It's also said, listen,
I think we should allow businesses to operate
so people can engage in economic activity
so they can feed themselves and earn money.
Another crazy idea.
So Texas finally picked up on that.
Greg Abbott opened up yesterday.
So here's a segment
of absolute zero Joy Reid,
not a very smart person on MSNBC,
losing her mind.
By the way,
have we ever gotten to the bottom
of that homophobic blog Joy Reid had?
I'm just asking.
She wanted like an FBI investigation.
Did we ever get to the bottom of that?
I don't think so.
Yeah.
Joe, do you remember?
Has anyone got an answer on that? I don't think so. Joy Reid's homophobic blog. But no, she said she wanted an FBI investing. Did we ever get to the bottom of that? I don't think so. Yeah. Joe, do you remember? Has anyone got an answer on that?
I don't think so.
Joy Reid's homophobic blog.
But no, she said she went on an FBI.
Her account was hacked and all.
I haven't heard anything about it, but whatever.
So this segment on MSNBC with Joy Reid starts with Greg Abbott announcing Texas is open
for business.
And Joy Reid absolutely loses it.
And then we come back on the other side.
We'll do actual statistics.
Sorry, I said
it that way because Statista is the website. We'll show you the statistics and data that Joy Reid is,
you know, it's a lot for her. It's a lot to ask for Joy Reid to actually do basic research,
like to put in a search engine. What are the deaths per capita in states? She doesn't do
that kind of stuff. So check out Joy Reid. It starts with Greg Abbott opening up Texas. Thank the Lord. Check this out. It is now time to open Texas 100 percent effective next Wednesday.
All businesses of any type are allowed to open 100 percent.
Yeah, yeah, you heard it right. The Texas governor said COVID be dead. Everybody go ahead and open up.
And that's not all of it. He's also lifting the state's mask mandate.
Perhaps the governor should take a look at what happened when he eased restrictions in the past.
Cases went right back up. You get some COVID and you get some COVID and you get some COVID and you get some COVID.
For the 29 million Texas residents, please, please do not listen to your governor.
Keep taking all safety precautions and protect your health and your lives because your governor, Greg Abbott, is the absolute worst.
This is one of the great mediocrities of our time.
one of the great mediocrities of our time.
Really, there are some rather mediocre people who stunningly have been put on platforms
by CNN and MSNBC,
the Brian Stelters of the world and others.
But it's just stunning.
Joy Reid was actually given a show,
especially given her past
with especially hateful posts about people.
It's really weird she's given a platform,
but it's kind of bizarre.
She's saying that the Texas governor, Joe, wants people
to get COVID.
She does the whole Oprah Winfrey, you get a
car and you get a car. You get COVID.
I'm not sure Governor Abnett
said that. I actually listened
to it. Do you remember the part, Joe,
you cut the video. Do you remember the part where Governor Abnett
said, and listen, I want you to get COVID
and you to get COVID and did it Oprah
Winfrey style? Did you cut that out of there and edit that so joy just to kind of make me look so okay you didn't
so that's not actually in there so joy reed of course is making it up because that's what she
does so i decided to do this crazy thing like go to these statistics and the numbers and let's gauge
the states which are still locked down see how well they're doing in deaths per thousand people
death per capita versus the
states that have opened up or will open up like Texas because Joy Reid has a problem with that.
So here we go. Here is Statista and I will put this link in the show notes,
Bongino.com slash newsletter. If you subscribe to my newsletter, I will get you these every day.
You can go to the actual website yourself, Joy. I know data is not your thing at all,
but check this out.ista.com death rates from
coronavirus that's covid19 joy in case you missed that in the united states as of march 1st 2021 by
state uh there we go you get new jersey new york at the top uh pretty heavy lockdowns there rhode
island massachusetts had some pretty heavy lockdowns hey you got mississippi arizona not
doing too well connecticut so where is tex Texas and Florida, the two people she hates most?
So you have to scroll and scroll and scroll.
And eventually when you get to 24, look at that.
Look at that.
At the 24 spot, I had to cut some out in the middle because I couldn't even fit it in one
screenshot.
There you go.
You got Texas at the 24 spot, which has decided to open up and
relatively opened up before that. And then you've got that evil Ron Desnatis, who the liberals hate
down in Florida. You got them below Texas at 25, 26, 27, at the 28th spot, despite the fact that
Florida has been open for a long time. Just curious where Joy's commentary about the awful Andrew Cuomo and the terrible work in
New Jersey and California, because they've had pretty high deaths per thousand, too, where that
commentary was. We must have missed that. We must have missed that. I'm sorry. I couldn't find that.
I searched. I just couldn't find it anywhere. But again, Joy and her producers could have done the
homework and just put in any search engine, deaths per thousand is measured by state.
I mean, that is literally what I put in the search engine on my phone, and that comes right up.
But that would require, again, a modicum of research and common sense, neither of which Joy Reid is capable of.
All right.
All right, I got a lot to get through today, so let me move on to the second segment here.
all right i got a lot to get through today so um let me move on to the second segment here as predicted folks cancel culture will eventually cannibalize itself i don't want to do a big long
i've heard enough about the dr seuss it's terrible i get it but it's been all of don't you agree
like it's been everywhere on cable news and talk radio folks i know the news cycle for the producers
out there on on cable and the radio and everything i'm not trying to like insult anyone folks i know the news cycle for the producers out there on on cable and the radio
and everything i'm not trying to like insult anyone but i know the news cycle's slow believe
me i'm in this business every day and i prep my own show in conjunction with the technical crew
here but the content is mine but there's really no excuse to beat a story to death like the dr
seuss okay cover it it's an important story but we don't have to beat the story to death.
There are other things going on,
especially in the cancel culture realm,
which is really important.
Here's a story I think is as important
because it highlights things I've suggested to you
in the past that matter,
that cancel culture will eventually eat up liberals too.
Why?
Because they run out of victims on the right
as we increasingly ignore these idiots and laugh at them.
They violated Saul Alinsky's rule number 13.
What's Alinsky's rule number 13?
Infamous liberal activist Saul Alinsky.
Is in order to make a boycott or political activism effective,
what do you have to do to a target, Joe?
Isolate it.
Isolate it, yeah.
Isolate, isolate.
Remember the show you guys did?
Isolate, isolate. If you listened Remember the show you guys did? Isolate.
Isolate.
If you listened to the show earlier in the week, you'll see where that comes from.
Isolate.
Meaning, focus like a laser on that target to make your activism and boycotts effective.
The problem with the left and cancel culture is they are so undisciplined and out of control,
they want to boycott everything, everyone, all the time.
Boycott Texas, boycott Florida, boycott Georgia,
boycott the local supermarket, boycott this movie shit,
boycott Gina Carano, boycott CPAC,
boycott companies involved in CPAC,
boycott the hotel involved with CPAC,
boycott the firm that caters to the hotel involved with CPAC,
boycott the CPAC attendees,
boycott people who spoke at CPAC,
boycott Fox, boycott Tucker, boycott Hannity. Eventually, your isolation principle goes out
the window, and liberals have so little self-control, they can't figure that out.
So what happens? What happens then is as they run out of targets on the right because their
boycotts don't matter and people are laughing at them, they have to turn to the left and boycott
their own people. Why would they do that? Because
there's power in it. Canceling people feels good to them or they wouldn't do it. And as they're
ignored by people on the right and laughed at, their power starts to dissipate. Man,
we're going to boycott CPAC and it's not helping. Matter of fact, CPAC sold out in just a few days
this year.
What do we do?
Let's move on to a leftist idiot who will take our boycotts more seriously.
It will cannibalize itself.
Here's a story that shows what I'm talking about.
As they run out of targets, they eventually eat their own, but takes it from a different angle.
Here's an article I saw this morning on social media at Forward.com by Jacob Kornblum.
Design firm takes responsibility for the c-pack stage
controversy you remember this disaster this is ridiculous i mean almost like babylon b
yes yeah no no no it gets better wait till you wait till you see who runs the design firm
so someone put out a story she goes to show you how leftists make stuff up right
they put out a story the c-pack stage was designed to look like a Nazi symbol.
Ladies and gentlemen, I'm not even going to go relitigate the story again because it's
such a dumb story.
Like you'll lose double digit IQ points for even paying attention to it.
It's really legitimately that stupid.
They made it up the left and suckers fell for it.
So here's what happens.
So Ian Walters, the director of communications for CPAC,
told Forward on Tuesday, this forward.com, that the design firm they hired to design the stage
provided several options for us to choose from. And what we ended up with was the most workable
of the options they submitted. They also said that they will no longer be working with that design firm
well how did this cannibalize the left
well here's yashir ali who is a leftist who tweets once in a while at yashir tweeting this
well the design firm cpac use use who now CPACs turned and canceled is Design Foundry.
And Yashar Ali says, I know Design Foundry because they handle design for many events in D.C. for
companies like MSNBC and Target. They oversaw the design for the Biden Cancer Summit 2018.
The owner, Yashar says, Annie is very liberal and was excited for Biden's victory.
Great work, conspiracy theorists.
Got one of your own canceled, I guess.
Didn't didn't you?
Didn't didn't really hurt us.
CPAC will find another stage designer, probably from some free speech company that designed stage
that doesn't engage in political censorship but it's really weird because that company probably
made a whole boatload of dough off designing that stage for cpac and now your fake liberal boycott
about a phony scandal about nazi symbolism you just literally made up you made no one actually
believe cpac designed the stage after Nazi symbolism. Got a liberal
company and a woman named Annie, who's a
huge liberal who works with liberals,
got her canceled and probably cost her
a fortune in future contracts because no
one will work with Design Foundry again
because every time you now put
in a search engine Design Foundry, what's going to
come up, Joe? Design Foundry, Nazi symbolism.
Mm-hmm.
Keep it up, Libs. Keep it up. Great. As up great as yasha who is a leftist by the way a leftist yasha said in his tweet great job conspiracy theorist nice work there getting
one of your own uh broke and canceled whose company is now and by the way i don't let me
just be clear i don't wish this on design foundry i don't care that annie is the i don't know annie
i never heard of her in my life she's a liberal she voted for biden great you do you i don't want
you canceled but now this woman poor woman in her company who designed this stage is now going to be
stigmatized the rest of her life as some kind of a nazi sympathizer because idiots in the left-wing
media decided they were going to make her a target for
cancel culture. Nice job, morons. All right, let me get to my second sponsor on the other side of
this. I just want to tell you how, again, we can engage in cancel culture too, and it's really
starting to damage people who are advocating for cancel culture. I got a story from The Blaze after
that and a video of Chris Wray from the FBI who was turned into a total politician.
This guy should run for office now.
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So I told you cancel
culture eventually eats itself. It's cannibalistic in nature. Here's a story at The Blaze you'll see in the show notes today love them. So I told you cancel culture eventually eats itself.
It's cannibalistic in nature.
Here's a story at the blaze.
You'll see in the show notes today.
Please check it out.
The golden globes didn't work out really well for them.
Golden globes ratings down.
What was it?
64% is it?
Yeah.
64.
What does that say over there?
I got to look at the other thing.
Golden globes ratings crash.
How does that happen?
Golden globes rating crash 64%.
Why would that be?
Why would people not be interested
in seeing the biggest stars,
air quotes of our time?
64%, despite folks being stuck at home
with actually nothing else to do.
Maybe because us, all of us,
the great unwashed, the deplorables,
the dirt under the fingernails crowd, you
know, the people that built this country and work in it every day.
Maybe we're tired of being insulted and laughed at, mocked, treated like garbage.
You figuring that out yet?
Holly weird?
We can cancel you too and we're doing it?
Your jobs matter? And let me just say about Hollywood and the folks who work there. we can cancel you too, and we're doing it.
Your jobs matter.
And let me just say about Hollywood and the folks who work there,
I traveled out to Los Angeles quite a bit.
I know a lot of people on the West Coast.
I know we associate Hollywood with the overpaid zeros who star in movies and then insult us afterwards.
But you got to remember, folks,
and I just ask you to keep this in mind,
some perspective on this.
There are a lot of people who work in Hollywood, a lot,
and the movie production business who are not liberal.
Matter of fact, who are diehard MAGA folks,
the people who operate the cameras,
the Foley artists, the gaffers,
sound people, stage designers.
There's a lot of them.e no joe was in the entertainment
business for a while too and say there is this it's not a monopoly of liberals and it's really
a shame i say to the liberals destroying their business because you have to speak out constantly
and insult your audience it's a shame what you're doing because you're costing really good people
their jobs too and they have nothing to do with your nonsense. All right, moving on.
I got to motor through a lot of stories today because there's a lot to cover. It's not really
a slow news time. I know people in the media business think is that's why they got to cover
the Dr. Seuss story, you know, 24 hours a day. But if you actually go out there and look,
there's a lot to talk about. Here, disturbing video yesterday from up on Capitol Hill.
Our broken FBI director is one of the worst in history. Christopher Wray goes up on Capitol Hill. Our broken FBI director is one of the worst in history.
Christopher Wray goes up on Capitol Hill. This is his answer to a question from Ted Cruz,
Senator from Texas. Ted Cruz says, hey, listen, Chris, what's the deal with your domestic terror
investigations when it comes to people like Antifa and BLM who burned down American cities? And Cruz,
I'm not going to play the beginning because it's long. I'm just going to pay Gray's answer.
Cruz goes down a litany of things that happened.
Billions of dollars in damage,
police being attacked,
people murdered and killed.
What are we doing about Antifa and BLM?
And this is,
you want to see the worst dipsy do flip a Ruski I've ever seen from an FBI
director.
Listen to him politicize the answer.
And instead of addressing the obviously,
obviously far left radicals at Antifa and BLM,
he managed us to make an Antifa question about somehow right wing domestic
terror.
How he does this is a magic act.
Only a politician could do.
He should run.
He'd win a congressional seat in a
liberal district. Here's Chris Wray, our broken FBI director. So, Senator, certainly we tried to
respond aggressively with our partners to the domestic violent extremism that we saw playing
out in streets all across the country this summer. Most of that activity, a lot of that activity, I would say, fell in what
we would categorize as anti-government, anti-authority violent extremism. Some of it is
anarchist violent extremism. Some of it is militia violent extremism. Some of it might even be
sovereign citizen violent extremism. But we saw a huge uptick in violent extremism in that broad bucket over the course of last year.
And so we're trying to be aggressive with the tools that we have in terms of the charges we're bringing.
We're trying to, as we talked about, frankly, in connection with January 6th, same thing for the summer.
We're trying to look at sources of funding, planning, coordination,
trying to learn more about tradecraft and tactics
and things like that so that we can be better prepared
to prevent it and feed information
to our state and local partners
so they can be better prepared to prevent it.
Notice what he does there?
He wants to tie in Antifa and BLM violence.
He mentions Januaryuary 6th sovereign
citizens i guess groups of media would associate with the right wing despite the right wing not
wanting anything to do um with with with anarchy i mean i don't i don't know what
why this guy is so divorced from reality and can't just speak in common sense and facts is really bizarre,
especially after taking over for the dreaded Jim Comey. You would think we'd get back to some
where he could have. I mean, how would you answer that question?
You would just say, listen, this is a serious problem in the United States.
We've had a lot of protests. Some of them have been hallmarked, sadly, by violence and property destruction.
We're looking into it.
If you are the leader of one of these groups and you've advocated for violence, whether
it's in an American city or an American town or anywhere else, we're going to look into
that and investigate that using the old law enforcement powers.
None of that was said.
He throws a curveball and tries to make it about right wing or
stuff or people they associate with the right wing. I don't even know what these groups are.
I've never even heard of them before. Half of these groups he talks about in there.
This question was about Antifa and BLM. I have zero faith in this guy. I just want to throw
that in there to show you what we're dealing with with the FBI now and why I'm not kidding.
Why I fear these people. I don't mean fear them in like a
wuss bag kind of way I mean I fear them because I'm not sure when you or me or anyone else is
going to get investigated next not because we've broken any law or done anything wrong but because
we don't meet the approved political narrative Christopher Wray is a powerful guy. All right, moving on. So AOC finally criticizing
Joe Biden. You know, Joe Biden decided it was a good idea to lodge an attack on Syria the other
day without congressional authorization. So here's a tweet by AOC. She says, here is the profound
danger of what we just did in Syria. A mad king president with majority disapproval of Americans
just decided abomination without the constitutional requirement
of congressional approval.
Democrats who take war money pass the laws allowing that.
Ha, just kidding, folks.
April of 2018, that was against Donald Trump
when Donald Trump engaged in an attack on Syria.
Just kind of wondering when we're going to get a tweet from AOC about the Joe
Biden attack on Syria.
Just wondering,
just wondering.
You see the date on that little tweet.
Did you catch that key?
Did you really think that was about that?
Joe Biden?
Anyone,
anyone did you say that you probably Joe,
did you think that for the day?
Yeah,
I know.
Wow.
Well,
she may listen. She may criticize Biden too. I'm, day? Yeah, I know. Wow. Well, she may listen.
She may criticize Biden, too.
I'm just I'm just saying we'll wait for that.
Maybe we'll get an update.
Hopefully we will.
I'll put it on the show.
All right.
Moving on to the segment.
You know, let me get to my third sponsor.
I want to move on to my economics for dummy segment.
That's actually how I line that out in the show today.
Economics for dummies.
Also economics for liberals. But in some cases, I said the same thing twice.
I'm not joking when I tell you I had a little bit of a back and forth with a friend of mine
last night. Say a friend, really relative. But I love her to death and just can't figure out.
Her boss made her watch my CPAC speech. So she called me.
It was my cousin, all right?
I love my cousin.
She's great.
But, you know, we don't share the same politics.
And she's like, man, I really like that speech.
But, you know, I just don't understand, like, why you believe the stuff you do.
And I'm like, that's funny because I don't understand why you believe the stuff you do.
I just, you know, facts and stuff and whatever.
I don't want to pile on my cousin.
She's super nice.
She was older than me too.
Maybe I'll show you some of the,
you want to see a baby picture of me?
Here folks, if you're on Rumble,
you want to see this?
Check this out.
This is fun.
No, not a joke.
This is a baby picture of young Dan Bongino.
Can you see this on camera?
Look at that.
Look at my face.
Check that out.
Can you see that key? Look at my face. What a happy little kid. She used to change my diapers.
She's older than me. She sent me that last night. I had like a teddy bear too. Look at me. Big tough
guy, huh? Baby pictures of old DB. She sent me that last night. And after we spoke, I went to
sleep. You like that segue? On my Helix sleep mattress and I slept like a baby last night. All right. And after we spoke, I went to sleep. You like that segue?
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All right.
Back to our economics for dummies segment
because we need to do this
because unfortunately I have to break through
the liberal
morass of ignorance and stupidity sometimes and show them what actually happens in the real world
when you swear allegiance to dopey liberal politics here's the first story you know um
liberals are really into the government spending money it doesn't have right so what happens when
the government spends money it doesn't have joe where does it get the money because the government's spending money it doesn't
have now right well either people can lend it to them or they'll do this crazy thing called
quantitative easing where we print money um that would be called in the non-government world
counterfeiting and you'd find yourself in handcuffs going to jail it's what i actually did for a living
in the secret service before uh I was in the protection detail,
arrested people for counterfeiting.
But when government does it,
don't worry, Joe,
you call it quantitative easing
and it's A-OK.
So there's an interesting article
in the Wall Street Journal.
Headline.
Banks in Germany,
this is a real headline again,
not a joke.
The banks in Germany
are telling customers
to take their deposits elsewhere.
Why?
Because more customers, really, it's a real headline.
More customers are having to pay negative interest rates as savings have surged amid
the pandemic.
Why is this happening?
Well, German banks, by even bigger international institutions and financial institutions,
are being charged negative
interest rates for the deposits they keep. Negative interest rates. So think about what
this means. That means you put your money in a German financial institution and the money
loses money. Negative interest rates. A negative sign in front of them.
So Germany is then having to send its money to other larger financial operations
in its studio. We're charging them negative interest rates. So Germany not wanting to lose
money is telling people, take your dinero and your dough and please bring it somewhere else.
Pretty weird when you're in the money business that you're telling people to take your money
and go elsewhere. Ladies and gentlemen,
I want to talk about this for a minute.
I got a nice email from a lady.
She said, Dan, you got to talk about economics more.
That's why we're doing our economics
for dummies segment today.
People used to laugh at the idea
of negative interest rates
because they thought that never happened, right, Joe?
Negative interest rates.
Why would anyone put their money in a bank to lose money?
No, it's happening right now.
Here's from the Wall Street Journal.
Germany's biggest lenders, Deutsche Bank and Commerce Bank, have told new customers since last year to pay a 0.5% annual rate to keep large sums of money with them. In
other words, pay them a fee. Them not give you a fee. You pay them a fee to hold your money.
The banks say they can no longer absorb
the negative interest rates the ECB, European Central Bank, charges them. The more customer
deposits they have, the more they have to park with the central bank who's charging them to
keep the money. This is creating an unusual incentive where banks that usually want deposits
as an inexpensive form of financing, yeah, the thing we called banking for centuries,
are essentially telling customers to go away.
Banks are even providing new online tools.
Joe, get a load of this to help customers
take their deposits elsewhere.
Heck of a business model, huh?
Well, it is if you're in the safe business.
I said yesterday.
Yeah. Right? Maybe time to get in the safe. You know, safes're in the safe business. I said yesterday. Yeah.
Right?
Maybe time to get in the safe.
You know, safes.
Not a safe business, like a safe business.
You know, safes like punching a code open the safe.
What better way to make money than to take your money out of financial institutions where everyone else is losing money?
You put your money in a safe and your money is maintaining its value
while everyone else is losing.
Sounds like a smart strategy to me.
You better get in the safe business really quick.
Now, I said people used to laugh
at negative interest rates.
So what happened?
They did.
Sane economists around the world
used to say negative interest rates,
that'll never happen.
No one's ever going to put their money
in a financial institution
knowing they're losing money by the day by doing so or pay a financial institution
to keep their money. That sounds kind of dumb. So what happened, ladies and gentlemen?
Well, the digital economy happened and the search for alpha, the search for gain and yield has
gotten so terrible because we're printing money like
crazy and money's worth less and less every day that people are so desperate just to not lose
money due to inflation that they put their money in financial institutions number one because the
digital economy makes it impossible to not have a bank account we're not where we were a hundred
years ago where cash was king everything now is apple Apple Pay, credit cards, Venmo. Everything's done online.
Everything done online means you need a bank account, right? So that's number one. But number
two, people are so afraid of hyperinflation and their money losing all of its value basically
over time that they're saying to themselves, I'd rather put it in a financial institution
where I only lose a little bit.
That's how bad things have gotten.
It is now impossible to escape the idea that you worked for money,
that we're moving towards a hyperinflationary future
because we're printing so much money,
that your money, the money you worked for yesterday,
is going to be worth less today.
Literally, if you put it in a bank.
Why do we keep doing this? Why do governments love negative inflation rates? Because folks, it's a form of closet taxation. How's that? If I put my
money in a bank and I'm being charged, I'm losing money every day, keeping my money there.
a bank and I'm being charged, I'm losing money every day, keeping my money there.
How is that a form of closet taxation? Well, when the government prints money it doesn't have to pay for things it can't afford, which we're doing now in the United States and around the world,
what happens? It makes the money in circulation worth less.
Well, if it makes money worth less, what else is worth less?
Oh, government debt. That's right. So if money's worth less and I owe Joe a trillion dollars,
right? I'm a government, the United States and I owe say China, bondholders in China,
trillion dollars. That $1 trillion is worth less too if we print a bunch
of money. Negative interest rates in conjunction with inflation and the hyperprinting of money
makes money worth less, but it also makes your debt worth less too. And if you're a government
like the United States or Japan who have spent so much money, we can't possibly pay it back.
What better way to not pay it back than to make the money you owe worth almost nothing? I've used this John Maynard Keynes,
who was eponymously named founder of Keynesian economics, a real hero to the left. Even he
exposed this scam a while ago. He explained that, you know, there's a couple different ways
to take money from your society
if you're a government, right?
You can just tax them.
So say you wanted to take 25%
of everything people owned in a society.
And let's say the entire United States
generated $100 just using round numbers in GDP.
Well, the way to take 25% and spend it
would be to tax people 25%, right?
There's $100 in the economy,
you get 25% of it by taxation.
But there's another way to do it too.
If it was $100 in circulation,
the government doesn't have to tax you anything.
They could just print $33, spend it.
Now there's now $133 in circulation.
They didn't have to tax you directly
and that's still about 25%,
33 of 133.
This is a great deal
for everyone,
negative interest rates,
if you're a government spendthrift
looking at sure bankruptcy.
You make your debt worth less,
you get to print the whole bunch of money,
and you get to tax your people
without them even knowing it.
What a deal.
Wait, there's more in our economics for dummies segment.
Here's another Wall Street Journal article I found, I think last week.
Yeah, February 26th.
California's climate contradictions.
New evidence shows that green policies punish the poor and subsidize the rich.
That's got to be backwards.
No way.
Liberal climate policies punish the poor and subsidize the rich. That's got to be backwards. No way. Liberal climate policies punish the poor and
subsidize the rich. We've been told, Joe, they punish the rich and subsidize the poor. How is
this totally backwards? Well, let's see from the Wall Street Journal piece. By the way, just
highlighting the great irony of the liberal forest fire that is burning down America every single day.
How everything liberals tell you they're doing, they're doing the opposite.
We're fighting racism.
Actually, you guys are the racists.
We're fighting economic inequality.
Actually, you're punishing the poor and subsidizing the rich.
Facts don't matter to them.
Here, check this out.
California's green energy policies so if you are a rich person with solar
panels on your roof in california you are actually being paid by taxpayers in california to send your
extra energy to arizona not a joke quote wall street journal Here's the kicker. Folks with solar panels get paid for surplus power in California they don't use.
Sometimes, Joe, at two to three times the rate of wholesale power.
What a gig.
So California pays the well-to-do with solar panels to generate solar power it doesn't need
and then pays the state of Arizona to take it.
What a gig.
How do I get this deal?
Paula, solar panels tomorrow on the roof.
What a deal. All the rich, wait, wait, wait. I thought the liberals were, you know, eat the rich,
help the poor. That's, that's, that's really strange that California taxpayers are paying
really rich people who have solar panels to generate extra electricity, paying them two to
three times the rate they could pay for wholesale power to rich people who are then sending the power to citizens out
of state, not even California citizens who are paying the rich people.
Whoa, that sounds kind of bass-ackwards to me.
But we're liberals.
We care.
Do you even do facts? Do you even do that stuff? Oh, it gets worse. It's not just that your
green energy utopia finances those evil rich people you can't stand and pays them to send
power to citizens of another state. It's that you actually tax the middle class,
the middle class.
I thought you were helping the middle class.
You're liberals.
You tax the middle class to then pay off the poor who can't afford their
electric bills because you're too busy paying the rich to send power to
Arizona.
This can't possibly be.
No,
it is.
It is,
you know,
facts and stuff,
libs,
facts,
skulls, penetration inside the skull.
Here from the Wall Street Journal. Yet 25 to 30% of all residential electricity
is discounted for low-income consumers because it's too expensive, because they're too busy
paying the rich. So they discount it for the poor. And quote, the cost of this subsidy for the poor
is borne by the other customers, the study says.
In other words,
this is not fun.
This is not fun.
I just, I can't.
You liberals are so stupid.
This is real.
In other words, the middle class ends up
financing rate subsidies for the poor
aimed at ameliorating the higher costs of solar
subsidies for the rich california's cap and trade program and utility public purpose programs
like battery subsidies and several more cents per kilowatt hour
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I I I I I I I I I I I I I I I I I Now you understand why I love my cousin, but this conversation with my cousin is so frustrating.
I really, I love her to death.
But you get it now?
You're paying off rich people
to send power to another state.
By doing that, you're raising the electric bills
of everyone else.
Poor people can't afford their electric bill to keep their lights on.
So then taxpayers have to pay poor people to keep the lights on
using the money of the middle class.
All right, we're moving on.
I can't.
I really, I can't do it.
I can't.
I can't take the stupid anymore.
But shockingly, it gets even dumber. I i have more here's more liberal stupidity and i have this
under the headline here why this and this is a serious i want to get away from a sarcasm because
this is important stuff there is a profound economic schism developing in this country
between the haves and have-nots and it's precisely because of the story I just told you.
Government intervention is what's insulating the rich,
the wealthy, and making them a class of untouchables as they connect themselves fully to the Democrat Party.
There is an economic schism developing in this country
between the well-to-do elites and the everyday working man that is getting worse.
And it's precisely liberalism that's doing it.
I want to show you more evidence in a second
with this Wall Street Journal story.
It's important.
We've also got our heroes of the day segment today.
A very nice one.
You're not going to want to miss that.
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good, worth your time. Check it out. All right. So here's one of
the stories that really bothers me because we're creating an unnecessary economic stratified class
society in this country where a group of connected wealthy elites have access to the government
protection racket and a bunch of deplorable working class dirt under the fingernails people
out there who are actually building this country can't get access to that
same economy. Well, why? Well, there's an article up by Phil Graham and Pat Toomey today. It talks
about, the headline of the article is Trump's protectionist failure. It's about tariffs,
but there's a piece in there unrelated to the tariffs I wanted to put on the show today.
And I want you to read this. Why do you think there's a class of people growing super bitter
in this
country that they feel like they live in two Americas? There's America for working class
folks and an America for all the connected elites and people on the government payroll.
Well, the numbers speak for themselves. Check this out. The numbers are just staggering
that non-workers, non-workers in this country, people not working,
are making upwards of 90% of their income from government transfers.
Check this out.
As the pay premium for having a college degree
relative to a high school diploma
almost doubled from 1967 to 2017,
blue-collar America is falling further behind.
Over that same period,
the explosion of government transfer payments
caused the labor force participation rate
of the bottom quintile of earners to collapse. By 2017, check this out, folks, government transfer payments rose to
constitute more than 91% of their $49,613 average income. This is people not working.
Government payments to non-workers approach the after-tax
incomes of blue-collar
workers.
Spawning resentment.
Gee, you think?
So,
you have these super-connected elites
with their green policies and their government
lobbying and their
cutesy energy panels.
Listen, the solar panels, I hope it can compete.
Terrific.
We got a lot of sun in Florida.
Good.
But people getting paid off to ship their energy off to other states while the poor's energy bills go through the roof, gas prices rise, elitists connected to all their Wall
Street hedge fund buddies, whatever they be, lobby people in the Biden administration
and get the rules carved out for them.
Meanwhile, you got working class people
busting their butts,
saying to themselves,
why would I do that?
Why would I bust my butt
if I can get government transfer payments,
in other words, a bunch of government goodies,
and make $49,000 a year?
Or upwards of it.
You're wondering why we have this Grand Canyon-like schism in our society.
You're wondering what led to the rise of Donald Trump and the union workers in New York and elsewhere in liberal states saying, I'm tired of this stuff.
You know, I don't want to get off on a tangent because i got a little bit more to get
to but just quick because this is important when are we gonna as a conservative movement just start
speaking truth to people i'm talking about the politicians and the bureaucrats not you the
conservatives in america who actually give a damn you can can make, what, $30,000 to $40,000 from other people working?
Ladies and gentlemen, what are the most generous countries on earth?
There are some people hurting.
Some people could use some help.
I get it.
I understand that.
We don't allow hospitals to turn people dying away from emergency rooms here but if you're an
able-bodied adult male how the hell are you not working for a living adult male or female i
shouldn't i'm talking about but if you are an able-bodied adult male or female capable of
working aren't you embarrassed taking handouts from other people
maybe you just need to hear it straight that
I don't want to work to support someone else who's capable of working and doesn't want to.
Why are we beating around the bush anymore? That's not compassion.
To incentivize people to not work and destroy their own lives,
detach them from the dignity of a job,
and pretend it's compassionate by paying them not to do anything
is neither compassion nor any path to prosperity in the future.
You got to work.
Get up, get off your rump, and go to work if you can. If you can't
find the job, try. We have enough programs out there to help to bridge a gap, whatever it may
be. But there is absolutely no excuse in the most prosperous country in the history of humankind
for someone who is able-bodied to not be able to get out there and at least go look for
a job. There is none. And this beating around the bush under some faux blanket of compassion
is never going to do anybody any favors. I'm sorry. We're making it worse. Another article
I saw in the Wall Street Journal today. Now Democrats want to enact a universal basic income.
I saw in the Wall Street Journal today.
Now Democrats want to enact a universal basic income.
Universal basic income.
You mean paying people for doing nothing.
That's exactly what we mean.
Wall Street Journal today.
That's the actual headline.
Universal basic income.
What does that mean?
That means you get paid to do nothing.
They're doing it, though,
under the guide of the COVID stimulus, folks.
Check out this screenshot from the piece.
Get a load of this, Jim.
You work for a living.
Crazy you.
You want to pay other people not to work?
Screenshot number one from this piece.
Under the guise of pandemic relief, the government would give a non-working single parent with two preschool-aged children and one in grade school $850 a month.
This would come on top of other government benefits, including $680 a month in food stamps,
amounting to $18,360 in combined annual income.
That's the equivalent, without accounting for taxes, of working 28 hours a week at $12.50 an hour.
On top of that, the family would receive health insurance from Medicaid,
may also receive housing and childcare assistance.
Government benefits to non-working households that are this generous
are bound to reduce employment.
You think?
This is not compassion.
Paying people to not work and detaching them from the dignity of a job
is not compassion in this universe or
any unknown or unknown universe out there. It is not. There is value in work. There is value
in productivity, in using your hands and your mind to produce things that make society better.
I don't care if it's toilet bowl cleaner or the COVID vaccine. I mopped floors and cleaned
mausoleums for a long time. That's not a joke. I worked in a cemetery. There is dignity in work.
Those were the cleanest darn mausoleums you've ever seen because I was proud.
I didn't care that I had a clean toilet bowls in Key Food.
They were the cleanest damn toilet bowls there. And you know what? I was proud of it. And you
laugh all you want, liberals. As I said on a show a long time ago, maybe it's time for you to go get
a mop and learn how to take some pride in your work too. There is dignity in work. There is
nothing compassionate about paying people a UBI, universal basic income,
to do nothing while other people do something to pay other people for doing nothing.
What's the worst part about this?
Screenshot number two from the piece.
This bill would provide this new benefit, all this cash for not working,
for only one year.
But shocker here, Joe,
the Washington Post reports,
congressional Democrats in the White House have said they would push for the policy
to be made permanent later in the year.
Should make you feel absolutely wonderful.
You'll be paying people now
to not work.
Well, you're working to pay people to not work.
You know what, Guy?
Let's skip the Bloomberg story for now.
I had another one on rent control,
but I'm going to have to maybe cover that tomorrow
in my economics for dummies segment.
I just want to get to my...
I have a couple of heroes of the day.
One kind of silly and funny, but one serious.
Here's my first hero of the day
for all you dog owners out there.
Ladies and gentlemen, my dog, Lucy, is just in love with eating socks. I can't figure this
phenomenon out. Woke up this morning, Lucy, I don't know where she finds the socks, how she
finds the socks, but every time in my house, Joe, I don't know where they're coming from.
They're in drawers. They're in a laundry room that's closed. I don't know if she's doing Bruce Willis from Die Hard,
negotiating a way through the air vents,
finding a way into the laundry room.
I don't know how the lovely Lucy is getting socks,
but I've been, I'm like, why do dogs,
I don't get, why do they eat socks?
It's disgusting.
Is there any other clothing?
If human beings, if you had,
say there was like one of these things where you had to,
they said on a penalty of death, you must eat one of these non-edible items.
Is there anything worse than having to eat someone's socks?
Used ones, too.
I'm not talking about, I'm talking about after a workout in the sauna socks.
You're like, that's kind of gross.
So here's my first hero of the day.
Wherever the people are at thesprucepets.com, Liz Wainick, who I guess is a vet or whatever.
Why do dogs eat socks?
Well, she explains.
It's fascinating.
Interesting to know.
And I guess Lucy really loves us.
Dogs eat socks, but I guess because of the smell.
They're attracted to the smell of you eating said socks.
And, you know, they like to eat socks for a multitude of reasons, she said.
Socks, even ones that have been laundered,
can smell a great deal like you.
And your dog may have their initial interest
in your socks peaked because of that.
Oh, that's great.
They start chewing and licking at them.
And may accidentally swallow them.
No good.
If your dog sees them as valuable
because of their smell,
because they smell like you,
they may even intentionally swallow them as a way to resource guard them.
Thank you, the Spruce Pets team, for explaining that.
Hide your socks from Lucy if you come over my house.
But I found that kind of endearing that they smell you on them and they love them.
But it's still kind of gross.
So thank you, my hero of the day at the Spruce Pets, for explaining to me why I have to put
my socks in the safe with my money to hide them from the negative interest rates people who want to take my money.
You like that little tie-in?
Fascinating.
Now, being serious, I got this yesterday in the mail.
Real hero of the day.
It was confusing at first.
It's a thank you from the great team at Folds of Honor who provides scholarships to the children of soldiers lost in combat, real heroes.
Also law enforcement as well.
Folds of Honor is a great charity.
You see their logo there.
I wear their shirts during the show sometimes.
I should have wore it today.
Like, what did they talk about?
Like, not getting a segue.
I would have dunce.
But we still got America today.
We're repping America.
But I got this and I was a little confused. It came to my house too, which is even more confusing because everyone always
sends everything to the wrong address. Someone donated to Folds of Honor $100,000. Folks,
that's a lot of dough. Even with negative interest rates, that's a lot of money.
It is the Mark and Joanne Webb Philanthropic Fund.
So you are serious heroes of the day.
I don't know if they did it in our name or why it wound up, but we got to thank you.
It wasn't my donation.
I have donated to Folds of Honor, but this wasn't mine.
But the Mark and Joanne Webb Philanthropic Fund, thank you very much.
You donated $100,000.
You are our serious heroes of the day today. That's really tremendous. So thank you very much. You donated $100,000. You are our serious heroes of the day today.
That's really tremendous.
So thank you for that.
Again, I don't know why the thank you came to me,
but either way, you deserve a shout out on the show.
All right, folks, thanks again for tuning in.
I really appreciate it.
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Thanks for tuning in. We'll see you all tomorrow. You just heard Dan Bongino.