The Majority Report with Sam Seder - 3588 - Tenant Strike; Not Just a 'Vibecession' w/ Isi Breen, Yusra Murad & Mike Konczal

Episode Date: February 25, 2026

It's Hump Day on the Majority Report   On today's program:   Trump delivers a boring, predictable state of the union address but on the bright side it was the longest SOTU address ever.   Rep. Rash...ida Tlaib (D-MI) and Rep. Ilhan Omar (D-MN) heckle Trump over his racist attack on sanctuary policies.   Yusra Murad and Isi Breen join Sam to talk about the Twin Cities rent strike that starts on March 1.   Mike Konczal, Senior Director of Policy and Research at the Economics Security Project joins Sam to discuss his piece on affordability and vibecession. For more writings from Mike, subscribe to his Substack.   In the Fun Half:       all that and more   To connect and organize with your local ICE rapid response team visit ICERRT.com The Congress switchboard number is (202) 224-3121. You can use this number to connect with either the U.S. Senate or the House of Representatives. Follow us on TikTok here: https://www.tiktok.com/@majorityreportfm Check us out on Twitch here: https://www.twitch.tv/themajorityreport Find our Rumble stream here: https://rumble.com/user/majorityreport Check out our alt YouTube channel here: https://www.youtube.com/majorityreportlive Gift a Majority Report subscription here: https://fans.fm/majority/gift Subscribe to the AMQuickie newsletter here: https://am-quickie.ghost.io/ Join the Majority Report Discord! https://majoritydiscord.com/ Get all your MR merch at our store: https://shop.majorityreportradio.com/ Get the free Majority Report App!: https://majority.fm/app Go to https://JustCoffee.coop and use coupon code majority to get 10% off your purchase Check out today's sponsors: NUTRAFOL: Get $10 off your first month's subscription + free shipping at Nutrafol.com when you use promo code TMR10 LEESA MATRESSES: Go to Leesa.com for the SPRING SALE 20% OFF MATTRESS PLUS get an extra $50 off with promo SUNSET LAKE: Use code FlowerPower to save 30% on all CBD smokables at SunsetLakeCBD.com  Follow the Majority Report crew on Twitter: @SamSeder @EmmaVigeland @MattLech On Instagram: @MrBryanVokey Check out Matt's show, Left Reckoning, on YouTube, and subscribe on Patreon! https://www.patreon.com/leftreckoning Check out Matt Binder's YouTube channel: https://www.youtube.com/mattbinder Subscribe to Brandon's show The Discourse on Patreon! https://www.patreon.com/ExpandTheDiscourse Check out Ava Raiza's music here! https://avaraiza.bandcamp.com

Transcript
Discussion (0)
Starting point is 00:00:00 You are listening to a free version of the Majority Report. Support this show at join the Majority Report.com and get an extra hour of content daily. The Majority Report with Sam Cedar. It is Wednesday, February 25th, 2006. My name is Sam Cedar. This is the five-time award-winning majority report. we are broadcasting live steps from the industrially ravaged Gowanus Canal in the heartland of America, downtown Brooklyn, USA on the program today.
Starting point is 00:00:43 Izzy Breen and Yusra Merad on behalf of the Twin City tenants' rent strike starting March 1st. Then Mike Consul, Senior Director and Policy Research at the Economic Security Project, publisher of the newsletter, Mike Consul.com, on why the economy feels bad, but the numbers supposedly look good. Also on the program today, Trump's State of the Union boring and predictable, but he makes up for it by making it the longest boring and predictable state of the union in history. Records all over the place. 107 minutes of pure gruel. And consistent with my snap poll of myself, Snap poll say it was the least popular state of the union address in the 21st century.
Starting point is 00:01:52 Oh, he's important to be a supportive. Dozens of FBI records of Trump accusers interview now clearly missing from the Epstein five. Trump imposes a 10% import tax on all imported goods globally in response to that state of the Supreme Court ruling. Meanwhile, Democratic leadership is trying to block a vote on the Kana Massey Iran War Powers resolution because they want the Iran war. they just don't want to be responsible for it. No progress in DHS funding bill in the Senate. New whistleblower report, Cash Patel's jet use
Starting point is 00:02:47 prevented the FBI from responding quickly to the Kirk assassination and to the Brown University mass shooting. It's not like you've got to get to the crime scene quickly. And his girlfriend had stuff to do. Fifteen states sue the HHS over revisions to the vaccine schedule. NYU professors vote to authorize a strike. Secretary of Defense Pete Hegseth,
Starting point is 00:03:19 former Fox and Friends weekend host, threatens Anthropic, the AI company. Give us your AI without surveillance safeguards or else. All this and much, much more. on today's majority report. Welcome to the program of folks. Emma is out today. I am a little bit tired.
Starting point is 00:03:55 I should also mention, someone just I am to mention this. Two years ago, to the day, Aaron Bushnell, a 25-year-old U.S. serviceman, lit himself on fire out in front of the Israeli embassy in Washington, D.C. to draw people's attention to the genocide. I, you know, look, I don't know about the emotional state of someone who would do this or the mental state or and I certainly it's not something that I would recommend to people but you know some instance at the least you can do is provide some memory
Starting point is 00:04:57 because there was a genocide ongoing at that time and there has been a genocide that has taken place and still, Palestinians living in abject misery. I just wanted to note that. Also, last night, state of the union address, hard for me to communicate to you the level of regret that I have in suggesting yesterday that we would do live coverage of that event. I spent two hours at home trying to get. a computer that was not capable of doing it, combined with my lack of skills in working
Starting point is 00:05:46 OBS and trying to get Emma tied in. And then, so I abandoned the actual live coverage of the address. And then I think about four minutes, seven minutes, ten minutes into the state of the union, I was like, this is the best thing that's ever happened to me. except for the fact that I had promised that I would do a wrap-up reaction to it, which meant that I actually had to watch the thing. And I cannot tell you how incredibly boring it was. There was nothing new introduced in it whatsoever.
Starting point is 00:06:30 There was no attempt to recognize any type of the economic issues. It was, we have one clip, I think that we'll really sum up his perspective on that, Trump's. There, it was just a rolling series of recognizing people in the audience. It was almost had like a telethon feel to it. I can't really like where it's just, it was a combination of like a telethon and, almost like a like a trade association award dinner where you know a lot of people you just stand up from over there table five uh and the separate club yeah it was just our sales leader from the northwest and then he finished up with like i don't know what see it was probably only three
Starting point is 00:07:26 or four minutes but it seemed like interminable like the moving rousing part the the pros i guess Purple prose at the end. But he was so tired by that point and so everybody else was so done that he just sort of like rambled through the part that was supposed to be sort of poetic. And then at the end got, you know, you get in my recollection, I may be recalling this long, but every state of the union I have seen done. And I've probably now seen like, you know, 20 professionally almost. just professionally having to watch it, including Trump, you know, four or five of them.
Starting point is 00:08:12 The applause at the end was, you know, about 60 seconds, which is about, I think, probably three or four minutes less than it usually is. Just because somebody, everyone was so tired. Ready to text their driver. And, and look, I can point, I can only point to a couple of State of the Union dresses throughout the entire time where they have been like relevant in any way you know i think like uh biden when he got the the republicans to vow to basically vow that they wouldn't cut social security i thought was relevant
Starting point is 00:08:46 uh Biden's last state of the union address where it seemed like oh you know whatever cocktail they had him on he seemed like he was like engaged it was short and that was probably smart as well um but outside of that i can't really bill clinton gave a laundry whatever. It's all just sort of like, it really more for the media. Nothing. This is not going to change a thing within days after this. Nothing. Nothing. It's going to be completely forgotten. But except for this, which I think people who will remember, this is Donald Trump. And the thing that sticks out for me in this, I want you to just think of other, particularly with what's missing from the Epstein files, and what's in the Epstein files, I want you to think of
Starting point is 00:09:41 just like other scenarios where Donald Trump might be in a situation where he is like trying to convince someone that they're loving stuff. They're really enjoying it. Our country is winning again. In fact, we're winning so much that we really don't know what to do about it. People are asking me, please, please, please, Mr. President, we're winning too much. We can't take it anymore. We're not used to winning in our country until you came along. We're just always losing, but now we're winning too much.
Starting point is 00:10:19 And I say, no, no, no, you're going to win again. You're going to win big. You're going to win bigger than ever. And to prove that point, to prove that point, here with us tonight is a group of winners who just made the entire. nation proud, the men's gold medal Olympic hockey team. Come on in. Now, I want to make something clear.
Starting point is 00:10:45 That's not our audio that's blowing out. Trump blew out the audio on the microphone. So the entire speech, and that is at the beginning of the speech. That's at the beginning of the speech. They spent about 20 minutes on the U.S. hockey team. And they brought them in to start all the cheers. of USA every time they wanted to go into it.
Starting point is 00:11:08 And Trump blows out the microphone as he's telling like, oh no, no, no. You really want it. You really want it. And then for the rest of the speech, the microphone is like crispy and fried. It was honestly
Starting point is 00:11:33 one of the most painful things that I feel like I've had to do professionally in this job. Now, it's, you know, it's better than being a coal miner. That hurts more. And I think I'll be able to recover better than I would from Black Lung. But it is... It's sort of like being a moderator for a Facebook where you have to look at horrible things as part of your job.
Starting point is 00:12:00 Exactly. There should be therapy associated with what I just went through last night. But it was really creepy. To give you an example of our policy victories, here's a... hockey team. Gold medal winning hockey team. Oh, and then he gave like the highest congressional
Starting point is 00:12:17 medal you could give to the goalie. You on the border, sir. Maybe he can make some teeth out of it. The flip side of that, Congressman Al Green held up a sign saying that blacks people are not
Starting point is 00:12:37 apes. We'll play that clip later in the program, obviously in reference Trump posting that video of Obama, Michelle, and Barack Obama. But here are two heroes who did not get recognized by the president, Elhan Omar and Rashida Talib, as Donald Trump attacks both sanctuary cities and Somalis in Minneapolis, here were their responses. That is why I'm also asking you to end deadly sanctuary cities that protect the criminals and enact serious penalties for public officials who block the removal of criminal aliens.
Starting point is 00:13:25 In many cases, drug lords, murderers all over our country. They're blocking the removal of these people out of our country. And you should be ashamed of you, saying. They were, Omar, at the very least, was yelling. You have killed Americans. And Trump had a couple of moments where he's like, you should be ashamed to yourself. Not standing up and clapping for this?
Starting point is 00:14:00 Sick people. Sick people. Sick people. Sick, demented people. And I should know. The whole thing was, you know, a garbage fire. Honestly, a real garbage fire. And we don't really have any clips of Spanberger or,
Starting point is 00:14:21 some are Lee's speeches. I will tell you that Spanberger's speech was almost exactly, as you would imagine, a little bit less, a little bit better than Elise Slotkins. I mean, the delivery was good.
Starting point is 00:14:41 It was fine. She mentioned Minneapolis. It was largely like Donald Trump is bad. Maybe she said Republicans are bad. and we really got to vote them up. Whereas Summer Lee's speech was much more oriented towards organizing, getting involved, bringing people into the process, which is indicative of where their politics are. But Spanberger talked a lot about affordability, a lot about what was happening in Minneapolis.
Starting point is 00:15:21 us. It was a little bit of an appeal to norms and to sort of like the days of yesteryear. Largely, I would say everyone did what you would anticipate to do. It was one of the most predictable, boring nights. I can remember in a long time. And I say this as someone who has very, very predictable and boring nights. In a moment, we're going to talk to Izzy Breen and you Mr. Mered, on behalf of the Twin Cities' tenants' rent strike, starting in less than a week. My consul, Senior Director of Policy and Research at the Economic Security Project, will be here to talk about the vibe session. First, a couple of words from our sponsors. I have a new mattress, and I will tell you something right now.
Starting point is 00:16:19 I have a bit of a snoring problem. I think I might be borderline apnea and I've been working on sleeping on my side because that helps my snoring. And I needed a mattress that was going to be firm but also soft that was going to cradle me. I move around a lot. There are times where I sleep with another person
Starting point is 00:16:43 in a bed next to me and I don't want to start anything. But well, we just got to share the bed. And, you know, one of the problems is I'm a light sleeper. So if they move around, I wake up. And I move around a lot. And so I don't, I mean, I guess for them, too, it's a problem. But not so much. And so I got a new mattress.
Starting point is 00:17:06 It is a Lisa original. They got a bunch of different types, Lisa. But this one is an original. It's an all-foam king-sized mattress. It takes up 95% of my room, but that's okay. It takes up 95% of my bedroom, but that's okay. I got to get sleep. But here's the big thing.
Starting point is 00:17:27 My snore score is down to like six. It's huge. Check this out. Six. Six on my snore score. Only 8% of the time I was in bed was I snoring. Do I know it's my Lisa bed? I think it is.
Starting point is 00:17:48 I think it is. Because I've had it from multiple nights the night before. that. Was a six as well? Okay. Well, that was two weeks ago. That was before I got the thing. It was at 34.
Starting point is 00:18:02 Lisa has a lineup of beautifully crafted mattresses tailored to how you sleep. Each mattress is designed with specific sleep positions and preferences in mind. Like I say, the original, great for side sleepers and back sleepers. From night one, you're going to feel the difference. It's premium materials that deliver serious comfort and full body support. Again, no matter how you sleep. Lisa mattresses are meticulously designed and assembled in the USA for exceptional quality. Plus, they back it up with free shipping, easy returns, and a 120-night sleep trial.
Starting point is 00:18:40 Lisa has been tested and awarded the best hybrid mattresses by New York Times Wirecutter and is exclusively featured by West Elm as their go-to mattress partner. You should check these out. Like I say, they have the hybrid, which is like the coils and the foam. They have the straight foam, which is the original. That's the one I have. Lisa isn't just about sleep. It's about impact.
Starting point is 00:19:03 They donate thousands of mattresses each year to those in need while partnering with organizations like Clean Hub to help remove harmful plastic waste from our oceans. They are also very, very reasonable for the quality of mattress that they are. go out you could spend like $10,000 people spend on mattresses. Go to Lisa.com for the spring sale, 20% off mattress, plus get an extra 50 bucks off with promo code majority. This is exclusive from the majority report. That's L-E-E-S-A-Lisa.com promo code majority for an extended President Day sale, 25% off mattress, plus an extra 50 bucks off. Support the show.
Starting point is 00:19:53 Let them know we sent you after checkout in their survey, Lisa.com promo code majority. That'll be in the podcast and YouTube description. Also, uh, uh, uh, sponsoring today's program,
Starting point is 00:20:08 Neutrafall. Now I know what you're thinking. Uh, before I tried Neutrofo, the idea of like a supplement being able to do this. I didn't want to take a, uh, hardcore, you know, an actual drug and deal with any type of side effects.
Starting point is 00:20:26 And we had Nutrafol wanted to sponsor the program years and years ago. They sent the stuff after a while. I ended up trying it. This is after, you know, the sponsorship went away. And I had great results, particularly when it comes to shedding. I mean, I assume my hair is growing. I think that's what happens. Your hair grows, but it's the shedding, the relationship.
Starting point is 00:20:49 just the you know i did basically the poll test and as i'm coming out of shower i look in my towel i'm not shedding as much neutral fall now offers hair growth supplements tailored for men at every age i am still waiting on my 50 plus but it's coming uh because the root causes of hair thinning change over time and your routine should too i also want to finish out with the newtfall i have neutral fall for men for ages 18 to 49 help improve hair growth achieve thicker fuller hair six months. New Nutrafol for men 50 plus, first and only hair growth products, specifically formulated for men 50 plus. That means probably an easier twist off on the bottle. Nutrafall is the number one dermatologist recommended hair growth supplement brand. It's trusted by over one and a half million
Starting point is 00:21:38 people. And you can feel great about what you're putting your body since Nutrafolal hair growth supplements are backed by peer reviewed studies. NSF content certified. That's the gold standard and third party certification for supplements. They clinically test their formulations, not just the separate ingredients, but their formulations for efficacy. It's super easy to get Nutrafall. Order online. You don't need a prescription.
Starting point is 00:22:03 Automated deliveries, free shipping. Both keep you on track and can save you a chunk of cash. Start Nutrafall today. Make the hat optional. Visit Nutrafall.com. Enter the promo code, TMR 10, all one word. TMR-10, all no spaces, for $10 off your first month's subscription and free shipping. Find out why NutraFall is the best-selling hair growth supplement brand at NutraFol.com,
Starting point is 00:22:30 spelled N-U-T-R-A-F-O-L dot com, promo code, TMR10. That's NutraFal.com promo code TMR-10. Again, that'll be in the podcast and YouTube descriptions. Quick break. We'll come back. Izzy Breen and Yucer Mered on behalf of the. Twin Cities Tenants Rent Strike starting in just a week. We are back, Sam Cedar, on the Majority Report, Emma Viglin, out today.
Starting point is 00:23:38 I want to welcome to the program, Izzy Breen and Usra Marad of the, well, on behalf of the Twin Cities' Tenants Rent Strike, which is happening March 1st. This is fascinating to me, you know, because we have talked about tenants unions and people organizing around things, obviously around their labor, but it seems to me, being a renter is like number two in terms of shared experiences. Usra, tell us, uh, uh, uh, uh, sorry, tell us. Uh, tell us, um, what, what was the genesis of this? Sure. Um, happy to, to be here. Thanks for having me. So let's see, the genesis, um, since December, we in Minneapolis, have been living under one of the largest, most violent and long-lasting federal occupations of any
Starting point is 00:24:35 American city in recent history. And I think for those of us who are either in the mutual aid space or the tenant organizing space or are in labor unions or neighborhood groups, it became very clear, very early on that the housing crisis that was going to be imparted onto our immigrant neighbors by way of this federal occupation would become unwieldy, and it has reached that point. We are now approaching March 1st, which will mark the third month that thousands of our neighbors have not been safe to go to work and are missing work hours, are losing income, and are falling behind on rent and facing the imminent risk of eviction as a direct consequence of the terror that we've experienced in the Twin Cities. And the mobilization and organization toward a potential rent strike
Starting point is 00:25:31 on March 1, I think really represents the hunger and readiness among people in Minneapolis to take risks and to take serious action to wield our political power, to compel our elected leaders to step into their power and make decisive decisions. decisions toward eviction protections and rent relief that would keep people safe and in their homes and keep families together. So, Izzy, that is, that's the, the ask is of the municipal, maybe state government to step in and provide eviction protection for, for tenants in a time of crisis. I mean, it almost like, you know, we did this during COVID, right?
Starting point is 00:26:25 And I would imagine in the context of Minneapolis, like, this is more dramatic in terms of like what the impact, like this catastrophe. It's manmade. It's coming from Washington. But tell us specifically, like, who the asks are for in exactly what it is that you folks are looking for. Totally. So I think that you hit the know right. I'm ahead when you brought up COVID, Sam. There's asks that and solutions that both the city and state government, as well as the legislature, could do.
Starting point is 00:27:07 But your listeners might remember during COVID, not just Minneapolis, a lot of places enacted eviction moratoriums. Part of the sort of the legal regime around that is something called a peacetime state of emergency. that's something that the governor of Minnesota, Tim Walz, can unilaterally enact, and that allows him to do things like enact an eviction moratorium and direct cash relief to renters. So that is one solution here. There's a bill in the state legislature that passed out of the state Senate that would enact a 90-day eviction moratorium and for $75 million in direct relief to renters that has, you know, real juice in the Senate, but as you probably know, is a non-starter in the state
Starting point is 00:27:57 House where Republicans control both the committee and the floor. And then, of course, there's the city. Mayor Jacob Frye has a number of tools at his disposal, as do the city counselors, to provide relief to renters. Jacob also has the ability to enact an eviction morgue unilaterally. There's a large amount of money in various pots, including a pot that is designated for small businesses, especially in the downtown area, that lost business as a result of the ICE occupation that could be directed towards renters. And then there's a couple of bills that the city council had been working on. For example, City Council Robin Wansley, has a bill that would extend what's called the pre-eviction notice.
Starting point is 00:28:55 That's the time period between when a landlord indicates that they want to evict a tenant and when they can actually start eviction proceedings. That's currently 30 days. Councilwoman Wonsley has a bill that would extend that to 90 days. And the city council has signed a number of non-binding resolutions indicating their support for things like an eviction moratorium and cash relief. but that's not the kind of thing that can become law unless it has the support of the mayor. What would be the mechanism, is he, for, well, I mean, you've talked about the different types of relief, right?
Starting point is 00:29:32 We could have a longer moratorium on the eviction. But who's the pool that would be eligible for this? I mean, you know, is it a universal thing within the, I don't know, Minneapolis, St. Paul, or what, like, what's the, is there a limiting principle? Are there definitions to, like, who's, who's, who, who could be eligible? Obviously, it's contingent upon what, what mechanism is used, but broadly, like, who do you want to be eligible? Yeah, absolutely. So, um, I won't get, uh, too deep into the, the technical, nitty-gritty, um, of the thing. I'm not a lawyer. but I can tell you that depending on which avenue relief takes,
Starting point is 00:30:23 whether it comes from the legislature, from the governor, from the mayor's office, or from the city council, requirements can differ a little bit. But the group of people that need the relief are the folks that just mentioned, the people that have been stuck in their homes for the last eight weeks, that have had eight weeks of lost wages. Many of them have lost their jobs entirely
Starting point is 00:30:51 as a result of being forced to stay in their homes. Process-wise, it, again, depends on the avenue of relief, but typically there's an application process where renters would apply to the government and state their reasons for needing relief and an eviction moratorium, of course, would be universal. I mean, and this is not unprecedented. Again, during COVID, we had many mechanisms where you had to establish a certain amount of hardship,
Starting point is 00:31:27 depending on what program it was, et cetera, et cetera. Yes, sir, tell us about the different coalitions or the different groups that are involved in this coalition and how many people you anticipate are going to participate in withholding their rent on March 1st? Sure. Eviction moratorium or eviction protections have an enormously broad base of support. And I think part of that is because, you know, in your earlier questions and what Izzy was sharing, in this moment, the folks most targeted or at risk are immigrant household. during the pandemic, it was universal.
Starting point is 00:32:12 In a potential future climate crisis, it will be universal. I think we all fundamentally understand and know that when an economic or political shock hits our city, our state, or our country, housing and rent is sort of the first fear. And so as we're fighting for addiction protections, we have in mind. not just protections for this particular moment, but how to sort of build a deeper, more protective foundation around housing stability that will better prepare us for inevitable future political or economic shocks. So I just want to say sort of at the front end, that is why you see, going to your question about the coalition piece, labor unions, health care workers,
Starting point is 00:33:06 faith communities, school communities. The organizing from public schools in Minneapolis over the last three months has been remarkable and astonishing to witness and the way that schools have stepped up to support families with rent relief and fight for eviction protections. Of course, tenant organizations, but also, you know, small businesses that are run by immigrants or primarily serve at immigrant customer base. It's a very wide range of support that we see for, rent relief and eviction protections. To your second question on how many people will participate, it's a great question. We have hundreds of people, volunteers, tenants, phone banking, door knocking, speaking to hundreds of their neighbors every single day. We're getting new pledges
Starting point is 00:33:56 every day. We're not at a point where we're sharing the exact number and it's increasing every single day. What I know is I see all around me hundreds of really activated and mobilized tenants and workers talking to everyone that they know and getting the word out about not only a potential rent strike, but also how do we continue building our power as tenants in this city, as neighbors in this city to really build out a strong network of. of renters that can fight really hard for what we are going to continue to need in Minneapolis and across the state. The structure thing is fascinating, and it's a great point.
Starting point is 00:34:45 Six years ago, in 2019, February of, well, maybe around February 20, but February 2019, nobody was going to be able to predict that we're going to have a hopefully once in a lifetime, pandemic, and then we're going to have hopefully a once-in-a-lifetime invasion of federal thugs to scare people. I mean, that's twice in a decade, not even a decade, half a decade, really. So the idea of creating a mechanism in which to deal with this and provide more housing security in general just makes sense because it's quite clear that these crises, there's no reason to believe there's going to be less crises in the future.
Starting point is 00:35:29 Let's put it that way. But specifically, okay, let's say I'm listening to this. I'm in Minneapolis. Is it, maybe is it throughout the state? Are you looking for folks to withhold rent? And if so, whether it's in Minneapolis or throughout the state, how do I go about doing that? Do I send a letter to my landlord and I say, look, nothing against you, but I'm joining this action. And you can help me help you by writing to your state senator or something like that.
Starting point is 00:36:07 Like what, what, how do I do this in practice if I want to participate? Yeah. Great question. So we are concentrating a lot of our efforts here in the Twin Cities, but we have folks from Duluth and other parts of greater Minnesota involved in not only the work around the current rent strike drive, but also just trying to build out the field of organized tenants across the state that can coordinate and support one another. If you would like to take the pledge, your first step is to go to twin citiestenants.org. You'll see a beautiful website with a really clear button to take the pledge as well as a long document on FAQs.
Starting point is 00:36:49 If you have questions, there's also opportunities for those who have already pledged to join the strike drive and commit to phone banking. And there are so many other sort of in-person trainings and meetings that we're continuing to host. And you can follow Twin Cities tenants on Instagram to stay updated on where to be and what to do. Great. And Izzy, your cat aside, we're a cat-friendly show. For those of us who are outside of the state and have watched, frankly, the solid end. the bravery, the tenacity of folks in the Twin Cities and all throughout Minnesota. It has been, you know, to watch what you guys have been going through has been both a horror and also inspiring in many ways.
Starting point is 00:37:45 If we're out of the state, what can we do to help with your efforts? Yeah, totally. So, you know, I think that taking a moment, to acknowledge what a special place Minneapolis is, I think is really important.
Starting point is 00:38:06 Thank you for saying so. I think that your listeners probably all agree. You know, I am from Minneapolis. My family and I live in New York right now, and you should hear the way that New Yorkers talk about Minneapolis. It truly is a beacon.
Starting point is 00:38:27 And it's a place that a lot of other cities are drawing inspiration from. But we do have a lot of support from outside Minnesota as well. Obviously, the action is oriented around Minneapolis, but we've got support from all over the country. If you don't live in Minnesota, probably the best way that you can participate is by going to the website that Yusra mentioned, twin citiestenant.org, and signing up to do a phone banking shift. We have phone banks every day. I think we typically have two or three shifts throughout the day, and that's something that you can do from the comfort of your home. You just use your cell phone, you sign up, we give you all the training that you need, and then you make calls. And, you know, I'll share that the stories that we get from our phone bankers are astonishing.
Starting point is 00:39:18 in most cases, close to one and three people that we speak to, sign up to take the pledge. And for your listeners who might have done some phone banking in the past, we'll know that that is a shocking level of success. And it just goes to show, you know, how universal this problem is and how willing many Apolitans are to show up for one another and show up for the city. I appreciate you guys coming on. We're going to put a link to your website. Again, you guys have been really inspirational for people around the country, the way that Minnesotans and twin Ciniites have responded. And, you know, this is also, this is yet another model that you guys are on the
Starting point is 00:40:14 the forefront of in providing, you know, plans and for other cities to take these measures because it may not necessarily be ice, although in many instances it probably will, but there are a lot of other, you know, creating this type of solidarity around the idea of where we live is, is, is incredibly important particularly at a time where you know labor unions also have uphill climbs in in organizing um uh isy breen uh yes sir uh mared thank you so much really appreciate your time today thanks then thank you so much all right folks we will uh put that link uh in the youtube and podcast description we're going to take a quick break when we come back mike Senior Director of Policy and Research at the Economic Security Project will be joining us and we'll talk about the vibe session.
Starting point is 00:41:21 We are back, Sam Cedar on the Majority Report, Emma Vigland out today. It is a pleasure to welcome back to the program. Mike Consell, Senior Director of Policy and Research at the Economic Security Project and publisher of the newsletter, Mike Consul.com. Where'd you come up with that name? all the other ones were taken there you go mike thanks so much for joining us uh you wrote a great piece on i i should say i'm a regular reader of yours uh you wrote a uh a great piece on um affordability and the vibe session like you know really starting during the tail end of the Biden administration.
Starting point is 00:43:52 The Biden people were touting their economy. People were not feeling their economy. Now, of course, there's also like, you know, certain partisan bias, but people across the board were not feeling it. And yet, all of the sort of traditional numbers that have been used to measure economic health in the past were at odds. with the way that people were self-reporting what the economy was doing. And you take a whack at that.
Starting point is 00:44:27 Just fill out what that, that sort of dilemma, I guess, or that question that when people talk about the vibe session. Yeah, yeah. And just to give a little bit more context on it, you know, during the peak of inflation, when prices went up about 10% very quickly from 21, 2022, people kind of understood why people were upset about the economy then. But even as inflation came down, people were still upset. And going into the last year with the Trump administration,
Starting point is 00:44:55 people actually got more upset about the economy. You see it in many different ways of polling it. Some of the consumer sentiment stuff because it's an economic indicator actually goes back decades and really well-standardized data. And people are really upset. They're upset at like the financial crisis of 2008 levels. And so there's a lot of different explanations for this. And crucially, I think, into this vacuum is like a lot of focus on affordability politics.
Starting point is 00:45:18 It's Mungani's campaign. A lot of different electives are saying in different ways. It's really in the election. You have President Trump saying it's a made-up Democrat word because I think he knows he's vulnerable on it and it's a tough thing to answer. And in the background of this, there's some Democratic consultants, some different people making different arguments. I'm responding to the writer Matt at Glacius who makes this argument.
Starting point is 00:45:38 Many other people do as well not to pick on Matt. Basically saying people are kind of confused. We can pick on Matt. But that's okay. I can pick on Matt. Hello, Matt. You know, people are kind of confused. Like the prices went up, but wages and income went up, and they don't really feel their incomes
Starting point is 00:45:55 going up the same way. They just see the higher price, even though everything's more expensive, including their wages and their incomes. And so they're just kind of fundamentally confused, and that's actually really difficult politics because you can't address it. And what I want to do in that piece, having thought a lot about this, I worked in the Biden administration towards the end of it and having followed the inflation debates, kind of give a high-level overview of why it's legitimate people are upset.
Starting point is 00:46:15 And I know that sounds really stupid to be like, of course people are upset. I look around. But even when you're in this kind of like econ echo chamber, even when you're doing just like the economics of it, you know, there's a lot of things that have happened recently in the last five to ten years that I think make people really upset about the economy, even if unemployment is low, even if the economy is growing. All right. Great. So let's go through some of those ideas. You start by giving a graphic of the real median household income. which has gone up.
Starting point is 00:46:49 I mean, it had obviously, you know, COVID notwithstanding. It was climbing up. It took a while to recover from 2008. And it was slow going. That's a separate story about the Obama administration and the now disgraced Larry Summers. I would argue then he was also a little bit disgraceful, but more, I think, conventionally perceived as disgraceful.
Starting point is 00:47:18 disgraced, arguing against a bigger stimulus. And so a lot of people argue that the lack of stimulus and the lack of providing direct relief to homeowners slowed the recovery. But the recovery happens. Wages are real median household income goes up. And you say there are two stories that sort of explain this. One is the money illusion story. What is that?
Starting point is 00:47:53 Yeah, and as a reminder, Larry Summers also said for inflation, the federal reserves should bring unemployment to 10% to bring inflation down because that's the only way you're going to actually get it down. It, of course, came down with unemployment basically not going up very much at all. So I got it wrong on both ends, as many people did. But yes. You also didn't know how to pick up girls, apparently, too. But that's a side story.
Starting point is 00:48:16 He was a very, he's that very uncomfortable person on every group chain, except with some very bad people in that case. That's a whole other story. So the money illusion is kind of like the Iglesi story. It's what a lot of economists are saying behind the scenes is that like people are kind of just confused about inflation. That's a very complicated thing. And, you know, prices went up, their incomes went up and they're not actually worse off.
Starting point is 00:48:36 Their wages went up. If they're on Social Security, Social Security is adjusted for inflation. And so what are they actually complaining about? And I bring up a couple different things. One is that the price of essentials went up a lot more. And I think this is often missed. When you look at different things that went up a different amount, some things went up a lot very quickly at the beginning of the pandemic, the price of cars.
Starting point is 00:48:56 If you remember, 2021, the price of cars went up quite a bit because they essentially just ran out of cars. There weren't semiconductors to make more. They had shut down production under the lockdowns. And so, like, a lot of things you basically just ran out of. But as time went on, the price pressures were building in a lot of different places that may not being as intuitive to everyone. One is obviously housing, which I think everyone feels in a very important sense, but housing, which was already running pretty high in 2019 and would have been a
Starting point is 00:49:24 major stressor on a lot of people, even if the lockdowns and COVID never happened, skyrocketed, right? And, you know, that's some of it, most of it's just, they're not enough housing. A lot of his people moved around because they could work from homes, so they bought bigger homes and put a lot of price pressure and places that didn't necessarily have a lot of influx. But so housing is really high. And housing, you can't really not live, I mean, people do, unfortunately. But like, housing is a real stress around every day's people's lives. And that doesn't just kind of wash out because some other things are cheaper. And on average, it's about the same.
Starting point is 00:49:56 Food is a lot more expensive. Groceries are, obviously, you know, eating out is even more expensive than groceries, as you imagine. And so a lot of the – so one thing is that, you know, real wages might have kept up. You know, inflation might not have increased as much as incomes did. But for some of the things that people really depend on, especially. working people or people without not a lot of savings or not a lot of high incomes, those essentials ran a lot higher. And crucially, and this is from the econ point of view, and you can walk through the math on my website, they spend more of their budget on it,
Starting point is 00:50:26 even though it costs more, which is a kind of very textbook. You know, if you do the calculus of economics, that's people really suffering. That's like, you know, they're not making that up. They're not confused. They're spending more to get less of things that they need to survive. And right there, I think that's more than enough. And it doesn't surprise me that all the candidates who are smart on this stuff are focusing on housing and they're focusing on food and they're focusing on health care, which also went up more because those are the things that are driving people's insecurities. They tell us that. And it's unfortunately that there's this whole app for us that also needs someone to like do the numbers to prove it. But it's true. People
Starting point is 00:50:59 are right to be upset. So if I understand it correctly, if I step back 100 feet and look at the wages to general costs of things. It looks like there's more parity, but as I get closer, I see that the fixed costs that people have, you know, to borrow a business term, like housing, I got to, I got to do housing. I can't decide I'm going to forego housing, food, can't forego food, veterinarian care. Also in there, you could, but it's like, you know, for long. of people, your animals or your pets are like your kids. And you know, you're not going to, you're not going to, I don't need to take my kid to the doctor. They'll get past this.
Starting point is 00:51:53 And so all of those, those things are more expensive. So the stuff that we really have to spend on, even though our overall cost of stuff may have gone down, we may not even get to enjoy the savings relative to our wages on other things because we're expending. and all on these necessities. Yeah, absolutely. And these are long-term issues, but they also, like, really boiled up. And the fact that, you know, like, you can get a nicer TV for the same price, so it feels like it's cheaper. Like a lot of the things that, you know, that offset it on the other ends, the non-essentials, you know, those are great to have, but they're not the essentials to have. They're not the things you just mentioned. In addition, I talked through some other reasons that people,
Starting point is 00:52:38 you know, there's been a lot of polling on this, like, really sophisticated polling outside, like, the partisan world or just trying to get, like, the political take on it, but trying to, like, a lot of economists really, really want to understand how people react to inflation, because it's a very important question for them. And I think, you know, we haven't had inflation like this in several generations. Thankfully, the large part of it's over, and obviously President Trump is doing certain things that are probably going to make it a little bit worse next year or this year. But to go back, the people are really looking at, and what people often say, they're focusing in on the reasons. It makes it hard to plan, right? If prices are going up,
Starting point is 00:53:12 it's harder for me to figure out when I'm going to get a home or how I'm going to have a family or how I'm going to start a business. And those kinds of insecurity and that kind of uncertainty, I think that's really important for people. And I think it often gets missed. And even as the height of inflation is behind us a few years, you know, the fact that it's gotten a little bit worse this year. And we can talk a little bit about why consumer sentiment got a lot worse under Trump in a way that kind of even surprised me. It had gotten a little bit better towards the end of the Biden administration. And I expected it for a variety of partisan and just turning the corner reasons for it to pick a lot back up under Trump. But it's kind of a lot worse. I think it's because a lot of that uncertainty about how do I plan my life, what's going to happen next to me, what's going to happen to my family.
Starting point is 00:53:55 Where is my economic fate in the near future has gotten worse for really legitimate reasons under President Trump. Let's talk about, I'm also curious, and I do want to get to that consumer sentiment and maybe. Maybe this is part of it. I don't know. But it occurs to me as I'm looking at these things that, you know, I go out and I buy a TV. I don't know. I mean, at this rate, like once every five or ten years. Like, I'm a little slow.
Starting point is 00:54:21 And a doubt, but I'm paying my, my car insurance on a regular basis. I'm paying my rent on a regular basis. I'm going to the vet with some regularity for my cat. I'm all of this my energy services I'm paying every month like does how does that implicate things the idea that like you know stuff that is a regular expense that I can't that I can't put off um or that like doesn't allow me to create savings you know it's like one thing if these these monthly expenses are less I create the savings and I I decide at the end of the year, I'm going to buy a sweet TV.
Starting point is 00:55:08 And even though the TV is like 25% more expensive than it would be like, you know, in my, you know, a counterfactual world, I have more control because like I've saved up this money and I've decided to splurge. And I have the confidence that I can save up this money to go buy a nice TV or whatever it is. How much do you think that impacts it or no? I think the inability to save comes up. It comes up in surveys. It follows from this essentials argument that, you know, the kind of fixed costs,
Starting point is 00:55:41 as you mentioned, that there are certain things you have to pay for every month, and you have very little ability to substitute out of it. And even then it's quite painful for you, if you have to, like, eat much worse food than you would have otherwise or, you know, not, you know, delay health care or veterinarian care for a loved one or a pet. So I definitely think that part is there as well. Like, and, you know, you think about like, you know, vacations or other things like that, you know, those are luxuries. It's good people should have them. But, and the issue is like, well, they can't really afford it if the essentials are becoming more and more of their budget. In addition to all the other things that they have to deal with. So I think there's really strong reason for why people are still pretty glum about the economy, you know, even after the inflation wave, the worst of it's behind us. I also think, you know, that it's downturn right now. And I think this is what really is of creating this extra
Starting point is 00:56:37 energy around affordability and why it's such a political winner, even though, you know, the worst of the inflation wave is a few years behind us, is because, like, you know, people's health care are going to get taken away. A price of a lot of things went up because of the tariffs, in the kind of really catastrophic and haphazardous way that they were implemented and are being implemented again after the Supreme Court ruling. You know, a lot of people are worse off after this tax bill, the way it's going to cut Medicaid and health care premium tax rates. So, you know, people looking forward a little bit and saying, okay, so we just went through this thing, that was miserable, but maybe something goods around the corner and they see like their
Starting point is 00:57:13 health care premiums just skyrocketed in the last few months. They realize, like, the cost of a car or houses going up even more because of all these tariffs on things. You know, if they're on Medicaid, they're, you know, they're probably reading reports about how real cuts are going to come at the end of this year. And, you know, we're going to. hospitals are already closing, anticipating them. And so, you know, there's a lot of, like, bad stuff on the horizon. And you also have a president who I think, you know, there's a lot to be said about a president who can say, I feel your pain, you know, that Biden and Harris administration
Starting point is 00:57:44 had had some trouble doing that afterwards and that was part of it. You know, it's a tough thing in the message. Trump did the exact opposite last night. I mean, he's saying affordability is a made-up word. That is not suggesting, like, I know what you're going to. going through we can do better type of thing it was you're so tired of we i mean it was it was i mean it was uh you know we've described it as being almost a little rapy uh with how it was sort of like you're loving it you're loving it uh and i don't think people are so that's the consumer sentiment
Starting point is 00:58:20 thing is let me ask you this too there's a couple other things that i'm curious about may play into this. Wage growth in the middle of the income distribution has been flatter than it has been on the two ends. 50% of consumer spending is being done by 10% of the population, which is at an all-time high, or at least within certainly our lifetimes. People over the age of 50 are also spending much more than people under the age of 50 relative to the past. Part of that is because the baby boomers are such a big generation, but also part of it is like they're hanging on to their wealth. And Trump has even mentioned this in terms of like people's housing.
Starting point is 00:59:20 You know, the incumbent wants people to feel like their housing has increased in value. And the challenger wants, you know, housing to be cheaper. how much of that is also sort of like skewing or translating into the sort of like political movement behind affordability? Like, you know, it just seems to me that if you're 30 or 40 or upper 20s, you are fundamentally, I mean, just statistically doing worse than you would have. 20 years ago or 30 years ago. But you also, you are the people who are defining the culture. And you are the people who can come out and create political movements. Those who are over 50, we're getting a little tired, you know.
Starting point is 01:00:14 And so it's not, it's not the same. Is that, are we watching like wealth inequality and all of these different types of inequality create a more concentrated version? version of dissatisfaction? Yeah, and you can see in a couple different places. So, like, you know, a lot of numbers there, the case-shaped economy is, one can debate specifically, but we do see the saving rates going down to maintain consumption. So, like, you know, people are starting to run out of savings, starting to run out of gas.
Starting point is 01:00:45 I mean, the thing was, like, you know, in the Biden years, everyone hated the economy, but they kept spending. And so the economy kept growing. In the Trump years, they hate the economy again, and now they're starting to run out of steam. You know, we see it in the savings rate in this last number. people are just kind of starting to get exhausted of that. They can't keep it up anymore. One big thing that jumps out at me when I look at the economy is there's essentially two unemployment rates. There's the unemployment rate for people above 25 and people below 25,
Starting point is 01:01:11 maybe like 26, 27. And the one above 27 is like fine. The one below 27 is really bad. It's not like a recession recession. It's not the great recession, but it's like a bad number. And this gets lost because you just hear the one number, you just hear like the aggregate, how is it doing? But if you're a younger person, especially if you're under 30, if you're under 26, like, it is a very hard labor market. It takes you a lot longer to find a job. When you're looking, it takes, you know, you can send out a ton of resumes and not get any responses on it. And, you know, especially for those with a college education, it's not, their labor market situation isn't as bad as people without one, but it's still a lot worse than it would have been five or 10 years ago. And so I think,
Starting point is 01:01:52 you know, as you said, like young people, like, that's a really harsh economy. The same kind of divide happens with homeowners, right? If you were, if you got a home by 2020, if you kind of sat down in that game of musical chairs, you're sitting on a lot of home price appreciation probably. You know, you probably locked in a really low interest rates, probably lower than what you can rent for in your community, depending on the house. You know, like, but for people who are on the opposite side of that, especially, which is also younger people who are facing tough labor markets, it's a really brutal housing market, right? Rents are up dramatically. It's very hard for you to imagine how you could build up enough to get a down payment.
Starting point is 01:02:27 That's another thing we talked about as the way inflation makes a lot harder to access the housing market and buy a home for a variety of reasons. So, like, that insider outsider dynamic, I think, strikes me as very real in a very accurate way of describing some of the discontent people are feeling. And what, what, what, so in addition to sort of like, I mean, I guess the steps are, you want to reevaluate the signals that are, you want to reevaluate the signals that. economy is giving us so that people take people's pain in the economy seriously. And so that then theoretically, the next step would be addressing it, not just in a rhetorical fashion, but actually from a policy standpoint, what is your sense of like some of the bigger policy? Like, are people developing these policies?
Starting point is 01:03:22 Like, how far are they getting into the bloodstream? and, you know, in terms of being addressed in some fashion. Yeah, you know, like at the peak of inflation, I understand why everyone was like, okay, this will be gone in a little bit. After inflation, I understand why people were often Democrat consultants and other people impundits. And I probably said some things I am embarrassed by now in 2023. It was like, yeah, this will all, we'll get over it.
Starting point is 01:03:49 You know, like it's just, you know, people are getting adjusted, this new reality. You know, by 24, it was obviously wrong. and it was very hard to find a message around it. I'm surprised but not surprised that the Trump administration has been blindsided by this. That's something you can imagine they walked in day one and just did some things a little bit smarter, and that's just not in their DNA. It's not who they are. So, you know, doing the tariffs a little bit more targeted, they can still do their MAGA stuff,
Starting point is 01:04:15 but like, you know, like picking a few countries to try to annex instead of trying to annex half the hemisphere. You know, things like that. I'm kind of surprised that it's not better attuned. to where people are. You talk about policy development, like, you know, having been around housing conversations in a White House, like, the way they're approaching housing has that, like, panic, like, we need to do something, do anything. So it's like 50-year mortgage, buy a bunch of mortgage bonds through an agency, like stuff
Starting point is 01:04:42 that I think in a genuine bipartisan way, everyone's like, what the fuck's this? Like, this makes no sense. And just reeks of, like, someone scrambling to figure out what they're doing. And the fact that they're not retooling on anything, on the ice raids, which I think are going to really start to show up in people's prices this year is a lot of construction and agriculture and other industries are being really disrupted outside the pure humanitarian crisis of the concentration camp network that they're trying to build right now. It's going to start impacting everyone a lot more than it has already. And so the fact that they're not, you know, changing course at all is really, really, again, surprising but not surprising, given what they are. Where is the policy innovation coming from? You know, right now I think this year's like Trump is bad and that that's the kind of focus for a lot of people and that makes sense.
Starting point is 01:05:32 I think people are starting to think ahead. I'm really excited about everything they're trying to do on housing in New York with Mondani's campaign. I think they have a lot of really smart and interesting people on housing. They're trying to do a lot of different things from, you know, thinking through rent control to working with developers. to try and expand supply, and it's going to be a real experiment, I think. And I think the lessons there will be very helpful going into 2028. There's some stuff moving through the House and Senate on housing. I think it's important first step.
Starting point is 01:05:58 I don't think it's the last step by any means, and we need to be thinking more about how we can build more housing, both on the public side and the private side, and also just make it easier for people to get housing. So, like, there's some innovation happening there, and I think there's going to be more. And health care, we kind of know what we have to do. We just got to do it.
Starting point is 01:06:13 And, you know, what that looks like in two years, we'll find out more. But like we know like other countries figure out health care. We have not. We know a single payer health care system is going to save us money. I mean, everybody knows it. It's just the question of, of, of, of a political fight between the, uh, those interests, uh, that don't want cost containment because it comes at the cost, the price of cost
Starting point is 01:06:39 containment comes out of these people's pockets. Um, what, you know, when I look at veterinarian services, I hate to be sort of like, you know, fixated on this. But a year or two ago, I spoke to a veterinarian who had told me like private equity has bought out everything. And she said it's the highest rate of suicide of any profession now is veterinarians. Because they, and I went through this actually with my cats a year ago. the cost of the the the private equity comes in they buy these shops they buy these old you know these veterinarians they pay out the the the you know owner and then everybody has to stay on
Starting point is 01:07:25 or they they create these sort of like big animal hospitals they jack up the rates and then the the vets who obviously love animals and understand the love between a you know a pet owner and a pet have to go in and say it's either, you know, like it's, it's some obscene number to keep your pet alive or, uh, we put your pet down and they know it's a function of cost. Um, like, it's, it's number two on your list after most, uh, after, uh, um, car insurance. I don't know why car insurance has gone up so much, uh, like, you would think like the cost of producing car insurance hasn't gone up. And I would imagine, like, we haven't had to seem like this crazy jumping the cost, you know, amount of car crashes. Maybe it's just the cost of cars have gone up so
Starting point is 01:08:23 much that to replace the car, I guess that's what it is. But there's no reason why vet services should have gone up by 50% over the course of six years, except for private equity. And is there anybody out there talking about like the implication because this is happening in everything private equity is buying everything um is anybody talking about this as a policy question yeah it's not just that's right dentists have this issue as well um you hear constantly people like and you know these are really hospitals hospitals and and the big one i think a really scary one is nursing homes where there's been like really controlled studies like really good studies that find like like elderly people die when nursing homes are taken over by private equity
Starting point is 01:09:09 because they just cut services to the bone, jack up rates, and then, like, you know, these are not places better. You can't measure the suffering. That's the thing is, like, you know, when they cut stuff that ends up costing people's lives, it's because they're cutting stuff across the board that just makes their lives less, like, fulfilling
Starting point is 01:09:27 and tolerable in many respects. Yeah, and so I actually think this is a real, real crisis at this point. And so our friends at American Economic, Liberty's project, AELP, you can check them out online. They have a lot of materials on this. They're really focused on it. And, you know, this is stuff where like, you know, like some concerned citizens at the state and local level, because a lot of this stuff is really, a lot of nursing homes, car insurance. Well, a lot of these stuff is regulated at the state and local level. And that's stuff where, you know, I think you could try to make, at least kick up some
Starting point is 01:09:59 shed because I think it really needs it because I think the feds are going to be a real laggard on this stuff. Well, Mike, I really appreciate your time today and walking us through this. I don't anticipate the Trump administration doing anything, but it would be, I mean, they are, honestly, the least competent fascists that I think have been around. It is one of their sort of hallmarks, it seems to me. But I would like to see Democratic politicians, and I guess Momdani is providing sort of like a template and we will see what things work in New York City. And I imagine in many respects,
Starting point is 01:10:42 despite the fact that New York is unique in many ways, things that work in New York can be applied relatively easier to other cities because you're really scaling them down as opposed to scaling them up. Yeah, exactly. And, you know, I think there might be a view, especially maybe among people who are older and less connected and who lived in their homes for a very long time and aren't really thinking about it or just see how much their home prices were. They're not thinking about any other consequences of that. Who aren't aware that like, you know, problems be once associated with like New York or Washington, D.C. or L.A., or San Francisco, like really expensive urban course. That problem is everywhere now. It's in the exurbs. It's in medium-sized cities.
Starting point is 01:11:25 It's a huge problem in the Midwest. A lot of reasons for that. We just haven't built enough homes. people are moving in different places now. So people being priced out of San Francisco moves them to Montana, which drives up prices pretty aggressively, a million other things. But, you know, those problems aren't going away. And they're no longer isolated to a handful of blue areas. They're a problem for everyone, even more so.
Starting point is 01:11:48 Mike Consell, senior director of policy and research at the Economic Security Project, also a publisher of the newsletter, Mike Consell, at Mike Consell.com. I should also just add, while we were on, I got a, in alert from New York Times, Lawrence Summers, to resign from Harvard as the university reviews. His Epstein ties just to. What's that thing where you like envision it and it happens? What's that called? Manifesting?
Starting point is 01:12:16 Manifesting. Well, there you go. It provided a nice sort of like narrative arc to the interview. Mike, always a pleasure. Thanks. Thanks for joining us. Thanks for having me on. Take care.
Starting point is 01:12:28 All right, folks. That's it for us. at least in the free half. Now we head to the fun half. I will not be here for the fun half because I have to give a veterinarian $40,000 to clean my dog's teeth. There you go.
Starting point is 01:12:43 Brian will be leaving us. He's going to his Larry Summers resigning party. The Dow! Remember the Dow, Brian, before you complain about stuff like that. Oh yeah, you're right. Yes, the Dow is over for.
Starting point is 01:13:02 50,000. I'm pretty sure it dipped back down below, but, you know, I don't know. I know. It's because of your attitude. I'm surprised. I don't know why you're laughing. Brian's economic sentiment is actually tanking the economy right now.
Starting point is 01:13:23 Folks, it's your support that makes this show possible. You can become a member of join the MajorityReporty.com. When you do, you only get the free show free of commercials. You get the fun half. And perhaps even, more importantly, you keep this show surviving and thriving, as we say, very often around the office. It's our members that keep this show afloat.
Starting point is 01:13:48 You can become a member at JoinThe Majority Report.com. You can also IM us when you become a member. Matt. Oh, and justcoffee. Co-op, Fair Trade, coffee, hot chocolate, use the coupon code majority, get 10% off. Matt, what's happening in the Matt Lechian media universe? Yeah, first last Friday on the Jacobin show, we had Cornell West on the program. And yesterday, Left Reckney and Daniel Bessner on to talk about Cold War liberalism.
Starting point is 01:14:17 And we talked about the Tala Rico Crockett primary coming to a close. Go out and vote if you're in Texas, folks. Yeah, we're a week away. See you in the fun half. Three months from now, six months from now, nine months from now. And I don't think it's going to be the same as it looks like in six months from now. And I don't know if it's necessarily going to be better six months from now than it is three months from now. But I think around 18 months out, we're going to look back and go like, wow.
Starting point is 01:14:50 What? What is that going on? It's nuts. Wait a second. Hold on for, hold on for a second. Emma, welcome to the program. Hey. Unpack.
Starting point is 01:15:04 Matt. Who fun pack. What is up? Everyone. Fun. No, me, Key. You did it. Fun.
Starting point is 01:15:12 Let's go Brandon. Let's go Brandon. Fun rap. Bradley, you want to say hello? Sorry to disappoint. Everyone, I'm just a random guy. It's all the boys today. Fundamentally false.
Starting point is 01:15:25 No, I'm sorry. Women is... Stop talking for a second. Let me finish. Where is this coming from, dude? But, dude, you want to smoke this? Say today? Yes.
Starting point is 01:15:41 Yes. It is you. Oh, it's me. I think it is you. Who is you? No sound. Every single freaking day. What's on your mind? We can discuss free markets, and we can discuss capitalism.
Starting point is 01:16:04 I'm going to guess how life. Libertarians. They're so stupid, though. Common sense says, of course. Gobbled e-gook. We fucking nailed him. So what's 79 plus 21? Challenge met.
Starting point is 01:16:14 I'm positive equilibrium. I believe 96, I want to say. 857. 210. 35. 501. One half. 3-8s.
Starting point is 01:16:22 9-11, for instance. $3,400, $1,500. $6.5, $4, $3 trillion sold. It's a zero-sum game. Actually, you're making me think less. But let me say this. Poop. You're going to call it satire.
Starting point is 01:16:37 Sam goes to satire. On top of it all, my favorite part about you is just like every day, all day, like everything you do. Without a doubt. Hey, buddy, we've seen you. It's just the week being weeded out, obviously. Yeah, sundown guns out. I don't know. But you should know.
Starting point is 01:17:07 People just don't like to entertain ideas anymore. I have a question. Who cares? Is enabled folks. I love it. I do love that. Got to jump. I got to be quick.
Starting point is 01:17:21 I get a jump. I'm losing it, bro. Two o'clock, we're already late, and the guy's being a dick. So screw him. Sent to a gulaw? Outrage. Like, what is wrong with you? Love you.
Starting point is 01:17:37 Bye. Love you. Bye-bye. You know,

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.