The Young Turks - Battle of Bootlickers
Episode Date: April 11, 2025Fox Hosts Praise Trump’s ‘Genius’ Tariff Reversal as China Matches Move and Prepares Counterstrikes. House Republicans Approve Budget Blueprint to Push Trump’s Agenda Forward. Bernie Sanders T...orches CNN During Fiery Town Hall Clash." Hosts: Yasmin Khan & Cenk Uygur SUBSCRIBE on YOUTUBE ☞ https://www.youtube.com/@TheYoungTurks FOLLOW US ON: FACEBOOK ☞ https://www.facebook.com/theyoungturks TWITTER ☞ https://twitter.com/TheYoungTurks INSTAGRAM ☞ https://www.instagram.com/theyoungturks TIKTOK ☞ https://www.tiktok.com/@theyoungturks 👕MERCH ☞ https:/www.shoptyt.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Transcript
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You're listening to The Young Turks, the online news show.
Make sure to follow and rate our show with not one, not two, not three, not four, but five stars.
You're awesome. Thank you.
All right, well, the young Turks, Jake Eugger, Yasmin Aaliyah Kahn.
What a great name, by the way.
I mean, just it doesn't get any better than that.
So of course, Yasmin's on Rebel Headquarters, also hosts the Modern Context podcast.
And of course, we have an amazing show for you guys today.
So some people are trying to pretend that Donald Trump meant everything he did on the tariffs.
I find that hilarious.
And then while no one's looking, the Republicans are passing $5 trillion in tax cuts.
It's very convenient that no one's looking.
We'll get to that in a little bit.
And then in the second hour, Ben Glebe's going to come and host with me.
And yes, we're going to talk about how the Department of Homeland Security now is sifting through the social media,
and a half million students to see who they can kick out of the country for criticizing Israel.
So that should be a really interesting conversation. All right, Yasmin, let's get started.
What do you got? We got a lot of tariff talk today. Let's roll the first clip.
Trump announced a brilliant move to pause the higher tariffs on countries negotiating with us,
but meanwhile, to raise China's tariffs to 125%. So wall off China by box,
Boxing him out, further weakening their economic power. It's genius.
All right, well, as you all know by now, Trump announced yesterday that his tariffs were not going into effect except for the ones against China.
And very predictably, the hosts over on Fox News and other Trump fans are spinning this move, not as market manipulation, not as insider trading, not as an irresponsible level of disregard for the global markets.
But as a genius move, that's a quote, genius move on Trump's part.
Jank, this is truly the art of the deal, isn't it?
Trump puts out the fire that he started and Fox News is overjoyed.
Yeah, so we're gonna show you some more clips of people who are absolutely
asinine, pretending that Trump meant all of this.
Come on is what I have to say about that.
We've got a poll on it in the live chat, of course shows live at 6 o'clock Eastern every day.
And but in a little bit, I'm going to talk about why it's exceedingly obvious that he didn't mean it, including some of the important details that prove it beyond a shadow of a doubt.
All right. Well, I mean, according to Fox News, this was the plan all along. I can't wait to hear you rebut that and jank.
But at least, you know, that's what they're saying now after nearly melting down over the past few days.
And with these tariffs, many people who voted for Trump never believed he would actually go through with them, right?
That was the thing that they always said, that the threat of these tariffs were the actual move.
Trump was just negotiating with world leaders through very abusive and volatile means, which is, I guess, the way he does things.
This was after Trump spent a week also up until the very last moment when he finally reversed the tariffs, telling everyone that he definitely was not going to change his mind on them.
Of course, many of us did suspect that something like this would happen, that we maybe had different ideas as to why something like this was going to.
happen. So here is Sean Hannity patting himself on the back for calling it all along, but again,
not because he was privy to any kind of like market manipulation or insider trading or anything
like that because he knows the art of the deal when he sees it. Take a look.
The art of the deal told you this was going to happen. It was inevitable. Donald Trump's in a
perpetual state of negotiation, a huge win for the president, a huge win for the country. His biggest
accomplishment of the second term, and there have been many. Take a look at all the progress
from this president just over the last, you know, few months at office. And now once again,
the haters, the legacy media mob, the chicken littles, the Democrats, all the people
on the left wing, they were all proven wrong, screaming and yelling and ranting and raving.
They all, as usual, end up with egg on their face. Exactly one week after Liberation Day,
The stock market closed with its third biggest overall gain since World War II.
S&P up nearly 10%.
The Dow Jones up nearly 8% with the biggest point increase in American history in a single day.
The NASDAQ, well, that jumped by more than 12%.
Markets rallied after President Trump announced an immediate 90-day pause on his stated reciprocal tariffs.
Are we the ones with egg on our faces?
I can't tell if we're the ones that he's referring to.
But, Jank, I am curious what you think here.
Even though the markets have rebounded, they aren't better than where they were before
Trump did any of this.
So do you think there's an argument somewhere that what Trump gained politically is maybe
worth what we lost in the markets?
There's no argument at all, at all, at all, not 1%.
So let's break it down.
So first off, this idea that, that, hey, we had the third biggest day of stock market rise ever.
Congratulations, Donald Trump.
Yeah, that's because he created the markets by 12%, which is shot.
It's a shocking number.
So then he regained some of that when he reversed his clownish tariffs.
You don't get to brag.
Well, you know, I just had the third largest day of pulling a.
car out of the ditch. Oh, who drove it into the ditch? I mean, I did. I drove it way into the
ditch. And I haven't gotten it out, really. It's halfway out. But I had one of my biggest days.
I'm taking a car out of a ditch. I mean, really, really, if you're on the right, can anyone
really believe that? I mean, you saw the markets plummet. And then you saw them rise back up,
but not to their previous level. And you're going to give Trump credit for that? Who, who, who,
else caused the market crash? Is there, like, this is a literal question. Is there anyone
not in a mental institution who thought that something other than Donald Trump's mega
tariffs caused the stock market crash? So if he got halfway out of it, by reversing his
clownish moves, are you really going to give him credit for that? Oh, come on. And then let's
continue with the come-ons. Lorraine, genius. Wait, wait, how do I, you know, how do I,
to be jeez, well here, I give away $100, get $50 back, I lost $50.
Genius, I'm such a genius.
Okay, wait a minute, to be fair, let's talk about what we got in return, because there's
a lot of pain in the market.
And by the way, guess what?
The markets went back down today and other 1100 points.
Why?
Because of the maniacal tariffs that remain on China that are at 145%.
We'll get to that later in the show.
So, but to be fair, what did we get in return?
Because they said 70 countries are in negotiations with us.
South Korea and Japan might make a deal at any minute.
They're all panicking.
They're all coming to us.
The European Union might bring another tariffs down to zero.
We got this, we got this.
In return for reversing his tariff policy, Donald Trump got exactly zero concessions.
None, none, none.
A panicked retreat.
By the way, he should have panicked.
It's about the bond markets and come back to that.
And that was huge because just stock market crashing was one thing.
When the stock market and the bond markets were crashing at this same time, which was previously thought unimaginable,
undoable, because usually when the stock market goes down, the bonds go up and vice versa.
In this case, Donald Trump did something miraculous.
He managed to crash both of them at the same time.
I'm not sure anyone's ever pulled that off before.
Genius.
The art of the deal.
My favorite, though, was Sean Hannity talking about, told you.
Hey, Sean, you told us that these tariffs are going to last forever and it was going to rebuild our manufacturing base.
Now they're gone and you're saying, told you?
So what's happening to our manufacturing base?
Wait, were they short-term negotiation ploy or were they long-term to build a manufacturing base?
So, well, obviously, it couldn't be long-term to build a manufacturer.
They're gone. They're gone.
Are they going to, is the manufacturing base going to magically be rebuilt by four days of tariffs that were then was drawn?
Okay, who could be maniacal enough to believe that?
And then, well, no, to be fair, look, maybe some of you, and by the way, some of people did.
They didn't like the long-term plan or they didn't believe in the long-term plan, but there were people who thought, no, he's just negotiating.
It's the order of the deal, et cetera.
But when you negotiate and you get literally nothing back and you flip-flop.
like a panic clown, well then it wasn't a short term gain either. So it was no gain at all
because I this, what I got news for you, what I've been telling you for a decade straight,
the one thing that people just cannot get through their heads about Donald Trump,
maniacally stupid, has no idea what he's doing and never has. Is one talent marketing.
Me, me, me, me, me, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump, Trump,
I'm the best, and that by the way, it's, and you've heard me say this a billion times,
the fact that that one talent, which to me is like just the bare minimum, bare minimum,
has destroyed the Democratic Party.
That shows you how pathetic the Democratic Party is.
Okay, but back to Trump, if we got no tariffs reduced in return and we have rebuilt
absolutely nothing in our industries, how could it possibly have been a grand strategy,
unless the grand strategy was to shave off all this money from the stock market and risk a recession for absolutely no gain.
And if that was this strategy, well, then you have to admit that's the worst strategy in the history of the world.
Yeah, absolutely. I think what you were saying about the stock and bond markets, really just remarkable, just a remarkable failure on Trump's part.
When the bond markets dropped, recession wasn't even a consideration anymore.
We were about to plund ourselves into a depression.
And allegedly, reportedly, Trump was worried about a depression.
All of a sudden, he said, oh, this is really bad.
Let me pull back again after for an entire week saying nothing is going to change my mind.
Everyone be cool.
Everybody relax.
I know what I'm doing.
Right.
That's what he told us.
And that's kind of been his line for as long as we've known him as a presidential candidate and as a president.
He keeps telling his supporters that he is the only one who can fix all of their problems.
And so just let him cook just to just sit back and let him do what he's got to do and they do like they really put a lot of faith in him.
And we'll get to more on how disastrous this actually is.
But of course, everybody over on Fox is not really thrilled about this 90 day tariff pause, nor do they think it was a brilliant or genius move.
Some people are nays saying a little bit over on Fox.
Take a look.
Let's be clear what happened.
And, you know, who capitulated here and why?
And, you know, I don't want to say this because I'm a patriot.
I'm an American.
But it is the White House who capitulated based on everything I hear and all my sources.
And the reason why is because of the bond market and what happened last night.
You know, Besson knows this better than anybody.
When you have yields on the 10-year rising to 5 percent, stuff starts shutting down.
when you had the lending markets screwed up.
By the way, who was dumping the bonds?
Somebody asked them if it was China, right?
It wasn't.
It was Japan.
While he was negotiating with Japan,
Japan, according to my sources,
were running major money management firms
that are involved in the bond market
without giving up names,
Japan was dumping bonds because they believed
this was not a great place to do business.
What a strange statement, by the way,
that he doesn't want to admit that Trump was wrong because he's a patriot.
Patriotism isn't supposed to make you stupid.
Sometimes it does, I guess it makes you just stop thinking.
But you can be a patriot and still criticize your government.
In fact, I think it makes you more of a patriot if you are willing to criticize your government,
especially in a democratic government.
But according to Trump, here is the real reason why he reverse course at the last minute.
Well, I thought that people were jumping a little bit out of line.
They were getting yippy, you know.
They were getting a little bit yippy, a little bit afraid, unlike these champions.
Because we have a big job to do.
No other president would have done what I did.
No other president.
I know the president.
They wouldn't have done it.
So the reason was that people are getting yippy.
And so he was like, ooh, don't like that.
So however, according to the New York Times, it was more than just this.
yippiness that ultimately swayed the president away from his tariff plan.
According to the New York Times, they said behind the scenes, senior members of Mr.
Trump's team had feared a financial panic that could spiral out of control and potentially
devastate the economy. Treasury Secretary Scott Besant and others on the president's team,
including Vice President J.D. Vance, had been pushing for a more structured approach to
the trade conflict that would focus on isolating China as the worst actor, while still
sending a broader message that Mr. Trump was serious about cracking down on trade imbalances.
Okay, Jank, Trump fan seems to believe that because something needs work, it needs to be
completely just burned to the ground and rebuilt by, I guess, incompetent people.
I'm usually not bad about a burn it all down strategy, just speaking generally in life, which
I admit is very volatile.
But when you're dealing with global markets, right?
When you're dealing with people's money and their livelihoods, when you're dealing with
government, you're supposed to be a little bit more responsible than what we've seen demonstrated
by this administration so far. Maybe when you're running your own business, you can be as reckless
as you want to be. But I keep saying government is not a business and it's not supposed to be
run like a business, right? Government job, the job of the government is to take care of the people
it governs. And right now, Trump and his administration, they are not doing that. What do you think,
Jenk? Yeah. So first of all, I do agree with Trump on one thing. No other president would have done
this? Well, that's true. That's totally true. No other president would have put in global,
maniacal, enormous tariffs, crashed the markets, got nothing in return, and then in a panic,
reverse himself. But to be fair, Sean Hannity said, this is one of his biggest accomplishments,
which in an ironic kind of way, it might be true. Because the bar for Trump is so low,
he's accomplished nearly nothing, other than giant corporate tax cuts in his first term.
And while we're all looking at this, the House today passed $5 trillion in tax cuts.
cuts. And that's going to be his second largest accomplishment. He is the world's most ironic populist.
Okay. So, but if Hannity is right and this was all a secret genius plan to get nothing but
like reverse yourself, but it was planned all along. Trump meant this. That is why it is the
art of the deal. And why did he say people got the yippies and panicked and that's why I had to
reverse myself? If you planned it all along, didn't you know the yippie was coming?
What's hilarious about Trump is that he can't help but say what's at the top of his mind,
right? So he just jumps in and he's like, yeah, we were panicking, people got the yippies,
I didn't know what to do. I panicked and I withdrew them. And then Hannity and Ingram look at
and go, genius, art of the deal. Okay, all right, look, it's this, the amount of lying that
happens in American media is unbelievable. It's just really, it's astounding. They're not doing
new shows, obviously they're doing propaganda shows. Okay, but I want to go to the bond
markets because that part's super important. It's complicated as to why the bond market
went down here. There's a lot of factors. I'm going to summarize it and kind of get to the
point here. Because as I said earlier, if the market's go, stock market goes down, bond markets
are supposed to go up. It's a safe haven for money. They move it from the markets to the
bonds. But in this case, something really weird started to happen last night. And that's why
there was another layer of panic, which is that the bond markets were going down. Why?
Partly for, because of what Gasparino was saying, and that might be a huge part of it.
So while the Trump administration was pretending that Japan is on its knees and ready to negotiate,
in reality, Japan started selling off bonds in a way that created a massive problem for us,
because two of the largest bondholders for U.S. treasuries are Japan and China.
And so there was also speculation and most importantly, guys, people started to lose faith in the credit of the United States that maybe we couldn't pay back to Treasury bonds.
And if that happens, that is catastrophic because interest rates would go through the roof.
The interest we pay on our debt is already at over $900 billion a year and that would skyrocket.
But more important than even that is that if the world loses the faith in the U.S.
dollar, they will shift to another currency.
And that'll be catastrophic for America, catastrophic.
That's actually one of the theories as to why Dick Cheney wanted to go into Iraq so bad,
because Saddam Hussein wanted to move oil off of the dollar.
So that's how important that is.
So, and when you piss off the two countries that hold the largest US treasuries, even if you
If they were doing it on their own, which I don't think it was just them based on all the
reporting that I've seen, that would already be a massive danger to America.
So these enormous tariffs were as big and economic blunder as I have ever seen in my life.
And I really, I can't believe the bond markets and the stock market went down at the same
time.
And I'm not the only one, that's why Trump changed his mind after officials came in and started telling him, Mr.
President, you're not understanding what's happening. We're about to blow up our entire
economy. And so he didn't want to back off, but but he didn't have a choice. And by the way,
Navarro who is pushing, oh, we're going to rebuild manufacturing. These tariffs are going to
last forever. Sidelined. Navarro not to be seen anymore. Now Bessent, who was against
the tariffs in the first place, the Treasury Secretary is back in charge in that regard.
And I appreciate you guys writing in. Muffin Man wrote in on super on YouTube member section.
Jake predicted this long ago that Trump would act like he got something when he didn't.
And of course, in this case, to be fair to Trump, he's not even saying it.
He's saying, I don't know, I panicked.
And we got the hippies.
So, no, the right wing media like Fox News is lying on his behalf.
But I appreciate you pointing out that I said that's exactly what would happen.
And it is what happened.
And then the venix and t.yt.com member section with a less sophisticated point, but I enjoyed it nonetheless.
He said, not art of the deal, the fart of the deal.
Okay, let's look at the poll, see who's watching, who says, no, no, Trump nailed it.
This was actually the art of the deal and not a giant L.
It's in the live chat, shows obviously live at 6 o'clock Eastern on YouTube.
Are the deals at 8%. 8%.
Hang in there, guys.
This will be proven to be a genius move at a later date.
But hey, by the way, I love that you're watching.
Keep an open mind.
All right.
Yeah, when you were talking about, you said the word,
a safe haven, right, regarding the money markets.
And I asked you at the top of this show a little bit facetiously, if he thought there was
possibly some political win that Trump was able to eke out with all of this.
The answer, as he said, was no, but it's not just no, things are so much worse now than
they were a week ago.
I think you also mentioned, but I'll remind the audience that ever since we had that
rebound effect, I mean, this all happened within like 24 hours, right?
So we had that rebound effect still didn't get us back up to where we were, but things
have dropped again, right, as of a few hours ago. So things are still very volatile. All this is
happening within very, very short windows of time. But people around the world are now losing
faith in our entire nation and our entire monetary system. The United States is known and
really has been known for decades as being a very stable and reliable market. We simply are
not that anymore. Our international reputation, especially on our financial reputation internationally,
is shattered. And that is not something that can be easily regained, easily rebuilt.
Maybe if we do something drastic, like get rid of Trump and get rid of all of his people
and just have somebody come back in and say, we're sorry, we won't do that anymore.
Maybe there's a chance of something like that happening. But as of right now, as far as the
world is concerned, we as the American people are still backing this guy. This is still what we want.
This is the man that we elected, knowing that he was going to do these tariffs.
at least knowing that he was going to threaten tariffs and manipulate the markets the way that
he has. So either way, it's not good for us. And the fact that Fox News is still even trying
to pretend that Trump knew what he was doing all along and that all of this is a good outcome
and that we're the ones over here freaking out because it was like, you know, we were being so
sensationalist about how bad this was. It's unconscionable. And it really like they're doing a disservice
to their audience members. They should not be lying to these people because
these these actions of their current administration are going to have real world implications
for average Americans, including people who voted for Trump. And I hope they remember that
come November. Yep. All right, let's take a quick break here. When we come back, more of
the collapse of the trade war with China is leading to an even bigger disaster. And then, oh,
look at that. We just slipped in a $5 trillion tax cut. Did anybody see? Anybody see? Everybody's
Panicking over tariffs, oh, okay.
Oh, how much did they reduce the deficit?
Well, they didn't reduce it at all.
They just added by actually.
We got all that more when we come back.
Jenkin, yes, with you guys. More news.
Yep, we got more tariff talk for you guys. Let's roll the tape.
China wants to make a deal. They just don't know how quite to go about it.
You know, it's one of those things that are not quite. They're proud people.
And President She's a proud man. I know him very well.
And they don't know quite how to go about it, but they'll figure it out in the process of figuring out.
But they want to make a deal.
Yeah, Trump and these tariffs, man.
Okay, so even with Trump's controversial tariff reversal yesterday, the U.S. and China are still locked in a back and forth battle of tariff escalation.
We now have a tariff of 145% imposed on Chinese imports, while China has placed an 84% tariff on U.S. goods.
How high will they go? The suspense is killing us, and you got to wonder who is going to come out on top of this trade war.
Jank, you want to wager any bets?
Yeah, not us.
So look, in a trade war, this disastrous, no one wins.
So I want to talk about the scale of the potential disaster that still remains.
And you could tell it by how badly the stock market did today, giving back some of the big gains from yesterday.
So people are still super worried.
We're going to explain why they're worried right now.
Okay, so here's what you need to know about the ongoing trade war, at least as it stands right now.
First, whatever happens with the United States and China is going to have a large impact on the rest of the world, as Jenk just alluded to.
So none of this is happening in any kind of vacuum.
This is from the Wall Street Journal.
They said combined the two countries account for more than 40% of the world economy.
We import a lot more from China than they import from us.
So China imports only about $160 billion a year in U.S. goods compared with the more than 400,000.
billion in goods it exports to us here in the United States. The U.S. is dependent on China
for 73% of its smartphones, 78% of its laptops, and 87% of its video game consoles. So
American consumers clearly have a lot to lose here. Even if we decided to build all of the
manufacturing plans and hire all of the people to assemble all of these products here,
we would still be paying a hell of a lot more for them compared to what we pay now. But
China would suffer without us too. So since Trump's first term, the U.S. share of Chinese exports
dropped from 19.2% to 14.7%, but the loss of 15% of China's export market is still crippling.
The effects of the tariffs are already taking hold as well. Chinese sellers on e-commerce
platforms are raising prices by up to 70% to U.S. consumers, while others are preparing to exit the U.S.
market as punitive tariffs make trade unsustainable according to one of China's biggest e-commerce
associations. So it's worth noting that China has plenty of leverage to use against the U.S.
economy. China could target the U.S. farmers, for example, by banning certain imports like soybeans
or poultry. Back during his first term, when Trump also targeted China with tariffs, Trump had
to subsidize the American farmers to help insulate them from the negative impacts of his trade war.
Also, China has pledged to import fewer Hollywood movies, which will cost American studios
a significant chunk of box office money.
Something else they could do, China is the fifth largest export market for American services
such as finance, consulting, and law.
The Chinese government could ban American companies from doing that kind of business in China.
And there's even more of where that came from.
China could move faster to shed its large U.S. Treasury holdings, which would drive up the price
of issuing debt and disrupt the bond market.
It could choose to target the U.S. housing market by selling hundreds of billions in mortgage
back securities, which could push rates up.
China holds almost $800 billion in U.S. debt.
It is the second largest foreign holder after Japan.
As for next steps, the Chinese government has stated that it still is open to negotiations
with the United States, but they are not going to back down from a trade war with us.
Both the United States and China are attempting to portray the other as the bad actor in these negotiations,
even though like we started it, right?
Jank, we're still very much dealing with the fallout of all of last week and yesterday.
You know, the market volatility, the reneging on the terrace, the maybe insider trading.
I know you guys are going to talk about that more in the second hour,
but American consumers are worried about the price of eggs, which by the way,
Trump says have gone down, but they haven't, they've gone up.
he's just saying things now, how do you think the average American, I'm curious,
or maybe even the average Trump voter is understanding everything that's happening right now?
Or do you think they're just not understanding it?
Because as you said, a lot of them are watching Fox News.
And at this point, Fox News is just giving them propaganda.
Yeah, no, I think it's more complicated in that, including the substance.
So first, just to be fair, we didn't start the tariffs on China.
China started tariffs on us initially, right?
Not during the Trump administration, but over a long period of time.
So now having said that, what Trump did was kind of, what China's been doing is kind
of like Israel's occupation and what Trump did was like October 7th.
So we could say, okay, Trump started it because he did this massive attack on China and
the rest of the world.
But these tariffs have been going on a long time and China's been doing it a lot more
than America has.
So I give you that context.
That's a good analogy.
Yeah, thank you.
I give that context because I'm not saying that we shouldn't have done reciprocal tariffs on China.
I think we should have.
And I've been saying that for a long time.
But these are not reciprocal.
China did not have 145% tariff on us.
Like, if you don't know anything about tariffs, like tariff is just another word for tax.
So that's putting 145% tax on goods that are coming into this country.
And it's not on China.
The Chinese companies will have troubles because of this.
But remember, the companies that are importing it here are the ones paying it and passing it on to the consumers because they have to.
They don't have 146% profit margin.
They've got to pass it on.
And you know, when they're passing it on when they shouldn't, we tell you right here on the show.
We tell you about how it's price gouging.
We pointed that out during the supply chain issues when the grocery stores were doing price gouging.
This would not be price gouging.
You can't absorb 145%.
There is no profit margin that large.
So, so okay, so number one, not remotely reciprocal.
These are maniacally high.
They make no sense at all.
They guarantee a trade war.
There's no way around a trade war when you do something this gigantic and nuclear, basically economically.
Number two, our prices are going to go up.
So when he was doing it against the whole world, which he withdrew about, you know, just,
a little while earlier, right? Just last day yesterday, the prices were guaranteed to skyrocket
across the board. Now it's not going to be across the board, but it's still going to hit steel
aluminum cars, which are separate tariffs on top of the Chinese tariffs. Some pharmaceuticals,
oh great, drug prices weren't high enough. Now there's some reasons for tariffs on pharmaceuticals,
but again, the severity of this is out of control, go back to China. There's tons of goods coming in,
As Yaz explained from China, all the prices on those will skyrocket.
And so people are going to start to feel the pain.
And when they do, well, that's going to lead to my next point.
Look, I told you guys that these tariffs were so mental that there's no way that they were
going to stay in place.
I said it on the Young Turks, I said it on every show.
And I said on those shows here, I'm saying it on the record.
There's no chance that these tariffs will remain.
And of course, the right wingers I was opposed to were like, oh, including Carrie Lake.
Oh yeah, no way, they're going to rebuild the manufacturing base.
They're going to last for the entirety of the Trump term, blah, blah, blah, blah, blah.
Nonsense, nonsense, nonsense.
We were right about that because there are certain laws of physics and economics.
And so there's no way they can last.
All right, now, will these China tariffs last at 145%.
No chance, zero percent chance.
So this one, last time on the overall tariffs, when he backpedaled yesterday, he got absolutely no concessions.
Nothing but a giant L, zero concessions, nothing in return, just oops, I screwed it up, okay?
On China, he has to get some concessions, otherwise it's too humiliating.
So China's going to have to do some face-saving measures, and when they do, if they just
tweak their original tariffs by a little bit, everyone on the right will go, order the deal,
we do it, right?
So by the way, there is a way, like I said, you could do a reciprocal on China and you could bring down their tariffs in a more organized strategic way, but that's not this.
So, but overall it won't last, but as long as it lasts, it'll do significant damage, not just to the markets, but to the overall economy as those companies start to fire people because they don't have enough resources and as prices go up.
And by the way, we already saw it today as the markets went down 1100 points when people realized, oh,
all the tariffs aren't gone, he's still doing enormous unprecedented, unheard of tariffs on our
largest trading part. Yeah, and it's very difficult for average people to exist with this kind
of market uncertainty, right? Because I think a lot of times whenever things are being reported
about these stories, you know, you hear about the stock market, you hear about bond markets,
and you hear about other countries buying debt, things like that. And the average person doesn't
really understand how that's going to impact them or how it could impact them.
There's so much going on with this administration right now, apart from all of this
tariff drama, right?
Like you have, we're going to talk about the budget in a minute.
We're going to talk about Medicare and Medicaid in a minute.
There's so many things that are threatening so many different aspects of American life in
this country, things that we have come to take for granted.
And to your point, you brought up something that I think is very important here with a lot
of different things going on with this administration. And it's a fact that, yes, there are
problems that need to be addressed and things that need to be fixed, right? There is government
inefficiency that needs to be addressed and it was being addressed. Maybe it could have been
addressed better. But that's the thing. If things can be addressed better than address them
in a better way, right? Be more strategic about it. Don't just burn everything down. Because
what I was talking about earlier in the show, you can't, you have to be more responsible with
with the way that you choose to conduct business and with the plans you choose to execute whenever
millions of wives are in danger, millions of wives are going to be affected by it.
And this administration, they don't really have a plan for how to get people out of the
of the problems that they create for them. So we're going to have to see what happens because
they really don't have a plan. If they do have one, they're not telling us about it, maybe that's
the art of the deal and I just don't get it. Maybe we're not supposed to get it. Maybe that's part of
Trump's art of the deal is that he, you know, just makes decisions whenever he feels like making
them. So, you know, maybe that's his secret is he, he just goes off of his own intuition.
It's very intuitive, I heard. Any final thoughts before we move on to this next story?
Yeah, last couple of thoughts here. Yeah. So first of all, he just, he has no idea what he's doing,
period, period, period, period, period. He never has, never will. So, but there's an important point in here.
Guys, China can actually do a nuclear option. If they go in that direction, they also hurt themselves.
But if they start selling off all their treasury bonds, they're the largest holder of treasury bonds in America.
That would do enormous damage to the dollar.
That would do enormous damage to interest rates.
That would do enormous damage to our economy, like untold damage.
That's why I'm calling it the nuclear option.
And in fact, when Japan began to do that last night or two nights ago, that's what caused the panic they got Trump to turn around on the tariffs overall.
So China's not going in that direction yet because if they do that, it would also devalue the value of the treasure bonds they hold.
And they hold nearly a trillion dollars worth.
I think it's around 800 billion or so.
So that's a most important thing is we cannot have that nuclear option happen.
I'm not even sure that Trump is aware of it because I'm not sure Trump's aware of anything.
And so last time, at least there were some professionals in the room that he would listen to.
These days, he's just flying off the handle and go,
my intuition, I know what's going on.
He doesn't know anything.
If you ask him about the bond market, he couldn't begin to answer it.
So is he aware that China has that nuclear option?
I don't even know.
I don't even know.
So look, last thing is, to your point, yes,
I have seen some, not a lot, but some MAGA folks going,
yeah, I don't get it.
I don't understand what he's doing, but I hope he knows what he's doing.
And I'm like, look, at least that's an honest answer.
And then as we've, of course, reported here, some of those shows that supported Trump,
not MAGA shows, not right, super right wing shows, but like some bro shows and Dave Portnoy, et cetera,
that definitely back Trump before the election are now saying, I don't know if we made a mistake.
This guy's super volatile.
Doesn't seem to know what he's doing.
Kind of told you.
Not kind of, really told you.
But it's okay.
That is a little reassuring.
I do appreciate that.
Yeah. No, and look, I'll take anybody who comes to the right conclusion. So awesome, love it,
deporting or another's way to keep an open mind. All right, we got to take a break here when we come
back. We'll tell you what part of the point of all this was, was to distract everyone while
they gave the largest tax cut in history to rich people. We'll be right back.
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Let's get to that big beautiful bill. Roll the tape.
No one has talked about cutting one benefit in Medicaid to anyone who's duly owed. What we've
talked about is returning work requirements. So for example, you don't have able-bodied
young men on a program that's designed for single mothers and the elderly and disabled. They're
draining resources from people who are actually do that. So if you if you clean that up,
insure it up, you save a lot of money, and you return the dignity of work to young men who
need to be out working instead of playing video games all day. We have a lot of fraud, waste,
and abuse in Medicaid. Today, the House of Representatives have proved, have approved the blueprint for
President Donald Trump's big beautiful bill, and that blueprint could very well include the
dreaded cuts to Medicaid. So you just watched House Speaker Mike Johnson's comments on that matter.
We have more details on the blueprint to get to, including how and why Republicans almost
rebelled against it. But Jake, there are a lot of young, able-bodied men who work and earn
money and still rely on Medicaid. So what is Speaker Johnson talking about?
Yeah, so we're gonna get to the fight over Medicaid because there's actually some Republicans
who don't wanna cut it and there are others who wanna chop up to pieces and they're in a
locked in a battle, but it doesn't matter because none of that's gonna happen because they're actually
not going to cut spending almost at all. That's my prediction, and I'm going to explain
why in a second. So when they cut $5 trillion in tax cuts, that's going to be a $5 trillion hole
in the deficit. The Republicans are going to be proven liars for the 800th time in a row. But
in this new media age, I actually think there's some chance that people will begin to see
that they're grotesque liars.
They never cared about the deficit.
They never cared about the debt.
I'm talking about Republican politicians.
And yes, that definitely includes Donald J. Trump.
He's added to the debt more than any other president.
And he's about to give the biggest giveaway to the rich and corporations that we have ever done in U.S.
history.
So let's give you the details.
I'll come back and explain more.
All right, here are those details.
the budget that the House passed clears the way for Congress to use the reconciliation process.
And that means that conservatives get to ignore the Democrats' 60 votes, Senate filibuster,
and pass a bill with a simple majority instead, so long as the House and the Senate work together
on writing up Trump's, quote, big, beautiful bill.
But until this morning, several House Republicans did not trust their Senate counterparts.
And here is why, as we've covered many times on this show, the big beautiful bill would make
our country take on a staggering amount of debt. Okay, it would cut taxes by $5.3 trillion over a
decade. That's what Jenk keeps referring to. It would also raise the debt ceiling by $5 trillion,
and the United States already has around $36 trillion in debt. In February, the House passed a budget
framework that committed to cutting $1.5 trillion in federal spending, but the Senate's budget,
which passed last weekend only committed to cutting $4 billion in federal spending. And the giant
discrepancy of spending cuts is what Republicans were about to mutiny over. The House Freedom
Caucus wanted the Senate to vote again on a different budget that committed to more cuts. They
were afraid that if the Senate did not commit to spending cuts now, that the Senate would just
get their way and only cut a few billion dollars of spending. So to that end, Representative Andy
Ogles said this. He said, I support the president. I trust the president. I do not trust the
Senate. I've seen this movie. I know how it ends. Why are we going down this path? It's like
Lucy in the football. She pulls it away every time. Mike Johnson wanted to vote on the budget
yesterday, but he didn't have the votes. But this morning, he put it up for a vote and it did pass.
So what change between then and now? The difference maker was a press conference that Mike Johnson held
And Senate Majority Leader John Thune was there as well this morning.
Thune stated that many senators wanted to cut at least $1.5 trillion in spending,
but there is nothing that will bind the Senate to actually do so.
In other words, the Republicans have decided to just take Thune at his word,
except for Thomas Massey and Victoria Sparts,
two Republicans who voted no on the bill anyway.
Here's what Massey posted today.
He said, if you were trying to hasten financial collapse of our
country and bribe voters to go along with it, the strategy wouldn't look much different than what
Congress is doing today. The big beautiful bill cuts taxes while keeping spending on an increasingly
unstable trajectory. Instability really seems to be the theme these days. As for Mike Johnson's
comments on Medicaid, here's what you need to know about that. The House's instructions
include a directive to cut $880 billion from programs under the House Energy and Commerce
committee, which nonpartisan experts have said, is not possible to meet without slashing Medicaid.
Jank, so more uncertainty, more unpredictability for the American people, it is exhausting.
And frankly, it's unacceptable, especially when you're doing all of these things, right?
Making all of these cuts without providing any kind of contingency plan.
They have no consideration whatsoever for what to do with these people who have all by now lost
their jobs, who won't have access to health care, who don't know whether or not they're
going to get their social security checks, there's too much uncertainty, and they have no plan
for what's going to happen after they've burnt everything down.
Yeah, well, there's also too much certainty.
And I'll explain what I mean by then.
There's a mirror image of the Biden administration in here somewhere as well.
So I'll get to a one-by-one.
No, first, what happened to the parliamentarian?
I was told by the Democrats that you couldn't get anything done, even the simplest things that
the overwhelming majority of the country agrees to $15 minimum wage, paid family leave,
et cetera, couldn't be done because of the all-powerful parliamentarian.
Now they're doing not tiny little things, they're doing $5 trillion in tax cuts.
Parliamentarian nowhere to be found in case you didn't see it from an earlier show that we did,
the parliamentarian said they couldn't do this.
And the Republicans were like, yeah, we don't care.
You're irrelevant.
And they just moved on.
exactly what we told the Democrats to do, but they pretended that they couldn't do that.
Number two, the spending cuts, you didn't mishear what you had said.
$4 billion, not trillion.
So 5.3 trillion in tax cuts, 4 billion in spending cuts.
In that context, 4 is zero.
Okay, so like if you take away the 4 billion from 5.3 trillion, you still have 5.3 trillion.
Okay, that is unbelievable. Unbelievable. What a joke they are. So look, this one, this one is
bipartisan. In fact, Tom Massey's right, if you're a right wing or you're conservative or
your MAGA, you should be way more pissed than we are about the spending cuts. They're not
going to do any spending cuts. That's the current blueprint in the house. That's what just passed.
Almost no spending cuts at all. Of course they're lying.
to you, of course it's Lucy with the football. And in fact, that brings us to our parallel with
Biden. Biden pretended that he was going to do all these progressive bills. And then they went
with a strategy that they pushed onto the house for progressives to not fight the bill. They said,
yeah, yeah, your priorities, we eviscerated them. 85% of them are gone. And it's super obvious to
to anyone with a brain that they're not gonna come back.
But don't worry, trust Biden, because Biden is going to secretly magically do these at
another time.
And did he?
Of course he didn't, of course he didn't.
So now you know what they're calling this when it looks like they're not gonna do any
spending cuts and all they're gonna do is put $5 trillion hole in the deficit?
They're calling it the trust Trump strategy.
Mirror image, mirror image.
You think you're gonna get spending cuts, right wingers?
The right wing base, you're not going to get any spending cuts.
Even if all the spending cuts through Doge were real, that's $130 billion.
That leaves you $5.2 trillion in a deficit hole.
So even if you, everything they said was true, you'd still have almost no cuts.
And you would do the giant giveaways for corporations and the richest people in America anyway.
They're about to redistribute wealth from the middle to the top.
This is the greatest robbery.
And in fact, that's part of the reason why we have all this tariff talk.
So you don't notice while they rob you of $5.3 trillion.
So that's why I've been harbbing on it nonstop.
And because I don't want people to forget this.
Because when we look back at the Trump administration, the one thing that everyone's going to talk about is not the tariffs, is not anything that's happened so far.
It's not going to be Greenland.
It's not going to be Gulf of America.
it's going to be, oh my God, they gave away the biggest tax cut in history to the richest people in the history of the world.
As if they didn't have enough, they gave them $5 trillion more from American taxpayers.
The middle class eventually has to pay all this bill.
And how are they going to pay it?
They're going to cut Medicaid, Medicare, Social Security.
All that stuff is inevitable if they keep passing gigantic trillion dollar tax cuts for the richest people in the world.
So that's what's headed next.
So the thing that's certain is that the unit party and the donor class always win.
So Joe Biden told the donors, nothing will fundamentally change.
At least he was more honest about it.
Everybody knew that Joe Biden was for the establishment and for the status quo.
Trump comes in like, oh, I'm a populist, man.
Oh, average American, man, I hate these guys and that guys.
And I'm on your side.
Oh, we're going to go get the rich.
These suckers, these suckers.
I'm not going to do any of that.
I'm not going to do the spending guys.
I'm not going to do anything except give my six.
and all my rich friends, literally trillions of dollars.
This is not theoretical or hypothetical.
They just pass it in the house.
It's the blueprint.
Eventually they get to a point where they have to actually pass it in the house.
The Senate and the president has to sign him.
But in order for the bill to get derailed,
the incredibly greedy, the incredibly corrupt,
uniparty Republicans, which is 99% of them,
are going to say no to $5 trillion in tax cuts for their donors.
I've got that at near zero chance.
There would have to be some sort of actualist populist rebellion slash revolution to prevent
these tax cuts from getting into place.
And because the one thing that always passes in Washington, they make a lot of promises
to the left, a lot of promises to the right, a lot of promises of the middle, those
never happen.
The one thing that always happens is tax cuts for the rich and for corporations.
So this train is headed 100 miles in our direction.
And can there be a populist revolt in time to derail this?
Very, very, very unlikely.
So you're about to get robbed on a scale.
We haven't seen in a long, long time.
This would be the largest tax cut in American history.
And while everybody's distracted with the tariffs,
they're just, just boom, they're getting it past everyone.
And by the way, mainstream media and the Democratic Party,
are they going nuts over it?
Oh, they're getting, yeah, they are.
Yeah, they are. They're getting ready now. Chuck Schumer or Keem Jeffries are warming up going,
there was nothing we could do. There was nothing we could do. There was nothing we could do.
They're getting ready. They're getting ready to sing it because that's what's going to happen. Yes.
Yeah, can't wait. I actually had to double check those numbers during the break before doing that story,
the trillions versus the billions because even me just like reading it and presenting it, I was like,
what? Like the four billion. It's hard to wrap your head around. And I think you have to think that
some of that is intentional, because as he said, like, all of this stuff is going on at the exact same time that we have all of this tariff chaos. And it's, it's too much for the average person to keep up with. Even the person who is sitting here watching all these shows, consuming all the news, reading all the articles, it is too much for anyone to deal with. But it's what we were talking about. And the American people are just being slapped one way or the other. You know, nothing that's being done right now is intended to benefit the average American citizen, despite,
what they tell us. All of the smoke and mirrors, all of the fake reasons that they give us for
why they're doing, what they're doing is insulting, right? A big part of why Trump reversed his
tariffs is because the market was taking so hard that it would have taken his tax cuts from him
and his billionaire friends. But instead, he gets up there and he tells us, oh, people were getting
a little bit yippy. So I decided to do something different from the thing that I kept saying I was
going to do, not just for the last week, but since before he was the president for the second term,
Even in his first term, he was talking about terrorists.
The man is obsessed, right?
And now he has made it all of our problems.
And here we are just having to deal with him.
And I know that we elected him a second time.
And I know that, you know, this is our fault, not my fault.
I didn't vote for him, but it is our collective fault that we all have to deal with this.
But it is, it's difficult because you want to say, didn't you know what you were voting for?
But at the same time, a lot of people, they just, they don't hear everything because there's too much
to hear and there's too much to keep track of all right let's real quick do the Bernie story
all right let's do it okay roll the tape on Bernie you got to get CNN
to talk about these issues, you got to get your members of Congress to talk about these issues.
We're literally talking about it right now.
Yeah, but I'm forcing you to talk about it.
This is Joe we invited you.
Okay, so that was Senator Bernie Sanders addressing corporate media very directly,
about as directly as anyone can for not adequately covering topics that he believes matter to most
American. So that was a town hall on CNN last night, moderated by Anderson Cooper. And Bernie
made several references to corporate media, failing to discuss topics like health care, drug
access, and income and wealth inequality. So when Anderson Cooper tried to move on to another
audience question, Bernie said, no, I have more things to say about this. So here's the whole
bit. Sometimes these issues about health care, about income and wealth inequality on
not talked about in the corporate media, and it's time that we did talk about them.
That's why the question at a moment ago, why are people losing faith in the American system?
We don't talk about it on CNN. We don't talk about it in Congress. It's because they understand
that a handful of billionaires exert enormous influence, and that has got to change.
So when I'm running around the country with Alexandria and other people, what we are trying to
do is the man that working class people begin to stand up and fight for their rights. There is no
reason. We should be the only major country, not to have health care, not to have paid family
and medical leave, et cetera, et cetera, why we have the highest rate of child in poverty,
almost any major country. Twenty-two percent of our seniors living on $15,000 a year.
Anybody here think that makes sense?
Okay, Jank, I want to get your thoughts on this, not just on what Bernie said, but what do you
think about corporate media, about the stories that they, one, choose to cover, and then, two,
the ways in which they choose to cover those stories, because a lot can happen. A lot of different
networks can cover the same stories, but you get a different angle from whoever you're listening
to, which is why we were supposed to have varied media outlets. We have that, I think,
in the independent space, but in corporate media, less and less so. Do you think corporate media,
I think I know the answer, but do you think corporate media is doing a good job of reaching
the American people about the issues that matter most to the actual real life American people?
Now, look, of course not. Corporate media is designed to benefit corporations, including those giant corporations that are those media companies. So time, you know, CNN, MSNBC, their parent companies like Comcast, etc. And now Discovery Warner for CNN. And all those companies want deregulation and massive tax cuts. And they're about to get an enormous tax cut. The tax are going to be reduced from 21 to 15 for corporations. If you're in the 100,
highest income bracket in America. You have to pay around 37% as things stand now. But if you're
a multi-trillion dollar corporation, 15%. They have to pay way less than you. And is CNN or MSNBC
screaming from the rooftops about that? No. I don't know. And it's interesting because
mainstream media loves to attack Donald Trump, right? They like to find fault in everything.
But oh, five trillion in tax cuts for the rich and us? Oh, I can't find a way to criticize it.
But here, look, I love the Bernie puts this out.
And I think he's like John the Baptist, he's just going around preaching and getting everybody
to realize what the problem is, but he's not the solution.
And I wish he was and I love him and I'm not saying it in a way that is mental say like,
oh, he's doing it wrong.
I get it.
What he does is really important and it's getting everybody to wake up a little bit and
understand what the scope of the problem is.
And at least he's got the credibility and the status to be able to go on CNN and bring
that to a larger audience and he's going on online shows too.
So bless his heart on all of it.
But the criticism is too vague in general.
So he says, quote, they have, these donors have enormous influence.
Yes, but who do they have influence on?
Oh, right, they have influence on politicians.
But if you don't call out those politicians, well, then people don't know what they're supposed to do, right?
So now if you say, well, no, he calls out Donald Trump.
But Donald Trump's not the only problem.
The real problem is the Democratic Party doesn't even fight back against the Republicans.
And why don't they fight back?
Because the donors have enormous influence over Democrats.
But Bernie won't cross that line.
He's too nice, he just never ever says, okay, here, Chris Coons takes an enormous amount of money from the donor class.
And that's why he voted against $15 minimum wage.
That's true.
Well, did Bernie do that?
No, will he ever do that?
Very, very, very unlikely.
Because for him criticizing fellow Democrats, personally, by name, is a line in this hand.
But if you don't do that, we don't know who the bad guy.
are. And we can't actually effectively fight back. And then he says, that has got to change
about income inequality. I agree. But Bernie, you got to tell them how. We can all get super
angry about income inequality. And believe me, we are. But then as a leader, I would hope
that you or others in that movement can then come and say, this is how we change it. Well,
how do we change it? We got to get money out of politics. And how we're going to get money
out of politics? We have to have an amendment that does that. How are we going to do that?
We have to have all the Democrats vote for that amendment.
Or all the Democrats are going to vote for that amendment?
No chance, no chance.
Are any Democrats even pushing for that amendment?
None of them are.
Even Bernie isn't pushing for that amendment.
Then Bernie, how are we going to get rid of income inequality if you don't have a solution
that actually gets there?
So again, this is not to criticize Bernie and say it's his fault.
He's the best of them, he's at least putting the issue forward, certainly in the Senate.
But in terms of the fix, it's, I guess it's on us the next generation to follow the lead
of John the Baptist and tell you how to actually fix it.
So finally, he says, fight for your rights.
Yes, but Bernie, how?
You have to tell people how to fight for their rights.
We can go to street protests all day long.
We can go to your speeches all day long.
And those are good and you should, okay?
It's solidarity, it's doing something, it's getting in the game, et cetera.
But step two is enormously important, and I would argue much more important.
Tell us what bills to vote for. Tell us who's preventing those bills. Tell us whether
it's a bill and amendment, et cetera. Now, of course, when the Democrats were in charge, he went
with the trust Biden strategy. And that didn't work at all. I'm sorry, but it didn't, right?
So now the Republicans are in charge and it's easier to be angry. It's easier to say that
they're the bad guys. But now we can't introduce bills anymore because the Republicans are in
charge. So tell us how to fight back. And look, you fight for the amendment.
wolf dash pack.com. You fight for a populist rebellion. One is coming. I'll tell you more specifically
in the coming weeks how to actually get in the fight and help make that happen. But the bottom
line is you have to root out the corruption in the Republican and Democratic parties. And this
sad reality is that the overwhelming majority of Bernie Sanders Democratic colleagues are
completely corrupt. They take the same donor money. They take it from the drug companies,
the military industrial complex, they take it from the bankers, and they serve that donor class.
That's why we never ever get anything accomplished, whether Republicans or Democrats are in charge.
And if you want to fix that, you've actually got to take over one of the parties.
Trump did it for the Republicans with fake populism, and now he's leading them to even more pro-establishment,
pro-rich tax cuts for the rich.
We have to take over the Democratic Party, and we cannot listen to people say,
No, no, no, no, no, no, no, no, no, no, no, bow your heads, obey Joe Biden, bow your heads, obey Kamala Harris, obey Nancy Pelosi, obey Barack Obama.
No, those, let's be honest.
Those are the people that got us in this mess.
And let me ask you a question, and if you're the most diehard Democratic loyalist there is, and you love the four people that I just mentioned, did any of them actually get us out of this mess?
Or do we have worse income inequality today than we did 40 years ago?
Well, that's empirical answer to that.
It's worse now than before.
It's much, much worse.
So no, Obama didn't do it.
Biden didn't do it.
And in fact, Obama took Bush's giant tax cuts for the rich.
And through negotiations with Biden and McConnell, they made 90% of them permanent.
They made the situation worse, not better.
That's why people say uniparty.
Because these establishment guys, which is over 95% of Congress, they're corrupt.
And we need politicians, our leaders that are true progressives and populace to call them out by name.
Otherwise, we'll never get to the how.
And we'll never be able to fix this mess.
Yeah, and that's the old trope, right?
The Republicans do things that benefit the rich people.
And then the Democrats say, oh, sorry, there's nothing we can do about it, even whenever the Democrats are in power.
And that was the original question that Bernie was actually asked during that town hall is, why are people losing faith in the American system?
because as you said, a lot of people see it as a unit party right now, or they look at the two
parties as they currently are, and they don't understand where they fit into either of those two
parties. For a lot of us watching this here right now, for me and Jungenk even, we probably feel
very out of place within the Democratic Party because a lot of the things that we want, we're
constantly fighting against our own party to get these things passed. And, you know, all of it is
so relevant right now, like today as Americans are bracing for things like,
the loss of social programs like Medicare and Medicaid, higher drug prices, loss of social security.
And now these extremely volatile, unpredictable and unreliable money markets, there is a lot going on
that the American people have to deal with. And that unreliability isn't just a problem here
at home. It is around the world. Because in light of Trump's insane tariff policy and all of the
damage he's done between us and our allies, confidence in the American dollar and the American
system and the fact that the American market is no longer a safe bet for investors is putting
Americans in a position where they are unable to plan their personal expenditures and plan
their life or run their businesses. But over on corporate media, with the exception actually
probably from Fox News, they tend to focus more on things like international markets and
less on things that actually impact people. And to be fair, there's always so much they can do
when they're trying to cast such a wide net.
They're trying to appease too many people.
And now they're trying to appease even more people because now they're trying to win over
these middling people or conservative people to the point where I can't even, you know,
before I'd be able to at least get through a CNN segment, now it is kind of difficult to do
so, especially with, you know, they always have to bring on somebody with an opposing view.
Not that opposing views are bad, but these people they got, like they're just so
ridiculous that you can't take anything they say seriously. Give me somebody with a legitimate
opposing view just so I can at least understand what the other side is saying and thinking,
but instead they bring on those same propaganda that we were talking about earlier. But, you know,
most people don't even watch their local news channels. And as you were saying, you asked
people like Bernie to tell us what to vote for. A lot of the change that people want to see,
they would seem more at their local level or at the state level. But a lot of people are not as
engaged with local news or statewide news and they don't participate a whole lot in local elections
or state elections. They all look at the federal stuff, right? And people aren't watching their
local news. There really isn't a whole lot of local news for people to consume, though, because a lot of
local news is corporate too. So it's very difficult. A lot of those corporate stations across the
country, they get their news from the same place. They get the same news feeds. They get the same
news copy, which is why sometimes you see them just saying the exact same words to their
audiences. So it is very difficult. And it's a lot to ask of the average American person to just
be as involved as you can be and consume as much as you can, read as much as you can, get
involved as much as you can. Because that is a lot of work. And frankly, people don't have
the time. You can't expect people to be able to take that much time out of their lives to do
that. I think we do our best on shows like this one to give people the information that we
we think is most pertinent or relevant to them in their lives, but there has to be more.
And on top of that, we can't make legislation here at TYT, right? The government does. We need
people in Congress who are actually going to look out for the American people. And right now,
we don't have that. Bernie is great, but he's not everything. And we need to get newer people
in there. And it's not going to happen until we vote out some of these incumbents.
Yep. All right, everybody checking out, yes, on Rebel HQ. We're
she does brilliant work. We're going to come back in the next hour and we're going to discuss
whether the Trump folks did some insider trading in the markets. That's an interesting
question. I have a little bit of a different take than most people on that. And then Department
of Homeland Security now targeting one and a half million students for criticizing Israel.
Ben Glebe's going to join me. We're going to have an interesting discussion. I don't know
where Ben stands on it. So we're going to find out in the next hour together. We'll be back.
I'm going to be.
I'm going to be.
I don't know.
I'm going to be.
Thank you.
You're going to be.
B.
Thank you.