The Young Turks - Biden's Dumpster Fire

Episode Date: October 31, 2024

Biden refers to Trump supporters as ""garbage"" before the White House quickly walks it back. A Texas woman died after a hospital deemed it a “crime” to intervene in her miscarriage. Jamie Dimon, CEO of JPMorgan Chase, urges corporations to “fight back” against regulators, saying, “If you’re in a knife fight, you better damn well bring a knife... It’s time to fight back.” Sarah Palin and Mehdi Hasan clash in a predictable trainwreck, with Palin exclaiming, “You’re an obnoxious ass!”" HOST: Ana Kasparian (@anakasparian) 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

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. Live from the Polymarket Studio in L.A. It's the Young Turks. See, I'm your host, Anna Kasparian. Let's get to our first story.

Puerto Rico, where I'm in my home state of Delaware, they're good, decent, honorable people. The only garbage I see floating out there is his supporters, his, his demonization was seen as unconscionable, and it's un-American. There you have the current sitting president of the United States referring to nearly half the electorate as garbage, which is not something that we should be supportive of, regardless of where we stand on this political spectrum, because setting a precedent where the president of the United States, who has taken an oath to represent this country and protect our constitution is a dangerous precedent to set. We wouldn't like it if

Trump said similar things. In fact, when Trump does say disgusting things about voters, about his political opponents, we condemn him because that is not a sign of leadership. That is a sign of an individual who seeks to sow division in the country, hatred in the country. It's something that should be condemned. A sitting president referring to nearly half of the electorate as garbage is not a good look and does not set a good standard when it comes to the leadership that this country, that the voters of this country should be looking for, should be demanding, should require of our leaders and of the president. Now, luckily, Kamala Harris gave a very different message, and I want to commend her for that, because as Biden was making those statements, Kamala Harris

was giving a speech of her own. And her speech was wonderful. And I'm going to get to that in just a minute. But before I do, Biden tried to clarify his comments after he stepped in it. Now, of course, there was a lot of gaslighting from his supporters before he came out and put out this statement, basically gaslighting about how he didn't actually say that, even though we all saw the video and you could see it for yourself. You could hear it for yourself. The gaslighting only makes the situation worse. Please don't engage in that. But Biden says earlier today, I referred to the hateful rhetoric about Puerto Rico spewed by Trump supporter at the Madison Square Garden rally as garbage, which is the only word I can think of to describe it. His demonization of

Latinos is unconscionable. That's all I meant to say. The comments at that rally don't reflect who we are as a nation. But he didn't call or simply call the comedian garbage. He called Trump's supporters garbage, as you all heard. And he shouldn't have done that. Now, unfortunately, Kamala Harris is now trying to clean up Biden's mess. And if you guys can recall earlier this week, we shared a story with you indicating that Harris's campaign is trying to persuade Biden to stop campaigning for her. And I think after you saw the video of Biden, you can understand why the Harris campaign feels that way. Instead, Biden has decided to pursue campaigning on behalf of Kamala Harris without even letting her campaign know about it ahead of time. I don't

know if that's what happened in this particular case, but Axios reported earlier this week that it certainly happened at one event that Biden was campaigning at. I think he should respect her wishes and just maybe sit this out. Now with that in mind, Kamala Harris does deserve credit for a speech that she was giving around the same time that Biden made his comments. And I think that the message in her speech shows what a real leader should sound like and believe in. Take a look. doesn't, it doesn't require us to agree on everything. In fact, we like good

arguments from time to time. Just think of your own family, right? It's not the American way to not have disagreements. We don't shy away from robust debate, robust debate. In fact, we like a good debate, don't we? We like a good

debate. And the fact that someone disagrees with us does not make them the enemy within. They are family, neighbors, classmates, co-workers, they are fellow Americans. That's what a leader says.

A leader doesn't look at nearly half the electorate and call them garbage. Because if someone wants to serve as any public servant, but certainly as the president of the United States, you have to represent everyone. You have to look out for everyone. I remember when, you know, there were wildfires in California and Trump was president, and he essentially threatened to withhold relief funding for the state of California

as the state was being ravaged by these wildfires. How infuriating was that? Donald Trump saw Democratic voters as unworthy of the same representation that he was willing to provide for his supporters. That was wrong. If you are a Democrat and you're trying to provide cover for what Biden said, well, then you're part of the problem as well, because you are pushing to set a precedent that is incredibly toxic and not helpful at all.

The president is supposed to represent the people, not simply the people who voted for him, not simply the people who supported him, whether it's a Democrat president or a Republican president, I don't give a damn. That individual has taken an oath and that individual should do what's right and what's best to lead this country and represent the people. That is my take on it. People find that offensive because, you know, Biden or a Democrat is considered a sacred cow unworthy of any criticism.

This ain't the show for you. Sorry. My values go beyond political tribes. I know a lot of people are upset about that. But if you're looking for a partisan show that's obsessed with political tribes, go look for There's a slew of those programs out there on YouTube, in the mainstream media, take your pick. Now, unfortunately, Kamala Harris keeps getting asked about what Biden had to say. So here's one of the interactions that she had with the reporter.

Let's take a look. President Biden said to his comment last night about garbage. Listen, I think that, first of all, he clarified his comments, but. Let me be clear, I strongly disagree with any criticism of people based on who they vote for. As you heard my speech last night and continuously throughout my career, I believe that the work that I do is about representing all the people, whether they support me or not. Again, Kamala Harris knocks it out of the park. That was the correct answer. And I'm proud of her. I really am for pushing back against what we heard from Biden.

Now, some of you think what Biden said was totally okay because you agree. You think that half the electorate is definitely, you know, garbage. But you're a private citizen. You are entitled to your beliefs. You're entitled to your views. You are not the president of the United States. You are not a person who took an oath to serve this country. And if you think it's okay for Biden to say such,

things. I don't want to hear any of you crying about the next president. If the next president is Donald Trump, I don't want to hear you crying when he says negative things about the Democratic electorate. Because hey, I mean, he's entitled to his opinion, right? He's the president of the United States, but it's totally okay to trash half the electorate. Man, we are quickly becoming everything that we purport to hate about the right. Just keeping it real. Now, I want to go to one video because one of the other reasons why you want to avoid making gross statements like that about tens of millions of American voters is because your political opponents will seize on it and they will use it against you. In fact, Donald Trump is seizing on the moment right now

as we speak and you should have expected that to happen. Take a look. Remember Hillary? She said deplorable and then she said irredeemable, right? But she said deplorable, that didn't work out. I think is worse, right? But he doesn't know you have to please forgive him. Please forgive him. For he not knoweth what he said. I'm sure that his comments will become more and more harsh or unhinged moving forward. That was actually, Rick, ridiculously toned down considering what I was expecting him to do.

But can we just please not provide cover for our leave? leaders when they make mistakes like this. That was a terrible mistake that Biden made. It should not be justified. Again, if you're a private citizen and you have your personal views about the Republican electorate, that's on you and that's your business. You have not taken an oath to represent the country. You're not the president of the United States.

And I don't know why anyone would think it's a good idea to celebrate or applaud political culture in this country that allows for the president to just regularly trash tens of millions of people that he himself is supposed to be representing. That is not a good culture to set. And things will just continue devolving. I don't think that this is a winning thing to do. I'm not proud of what Biden did. And honestly, the thing that frustrates me even more is that after he made those statements,

even though he was on video making those statements. A bunch of people are totally gaslighting about how it didn't happen. It's totally made up. It's fake. It's a scary world that we're currently living in where a lot of people, a lot of voters, a lot of people in the media just not based in, their views are not based in reality at all. And they would rather lie to people in order to cover up a mistake or a terrible act of an individual in a position of power. I don't even recognize what's happened to the Democratic Party anymore, to be honest. And luckily, you have people like Kamala Harris pushing back, and I'm really proud of her

for doing that. And if you're offended by it, be offended by it, I don't really care. I see the direction that the country is going in with this type of divisive, disgusting rhetoric from people who again went out of their way to get elected to represent the people. When you make that decision, when you are awarded that position by the people, you need to represent the people, including the individuals who decided to cast their ballots for someone else. until 11 a.m. at participating McDonald's restaurants.

Price excludes flavored iced coffee and delivery. miscarriages and need an emergency abortion as a result. And since they're delaying care, some of these women are tragically dying. That's one of the recent stories that was published in ProPublica. They specifically profiled a woman by the name of Jocelli, Barnica, who is tragically one of the women in Texas who was experiencing a miscarriage, needed an emergency abortion. But the doctors were so afraid that they would get prosecuted for performing.

the abortion, that they delayed, delayed, delayed before it was too late. So this tragic story began on September 3rd of 2021. Joseli Barnico was 17 weeks pregnant with a pregnancy that she wanted, a child that she was looking forward to delivering and having, and in the process of miscarrying, she was rushed to the hospital. Now, the fetus was on the verge of coming out, its head pressed against. against her dilated cervix. Doctors noted in hospital records, at that point, doctors should have offered to speed

up the delivery or empty her uterus to stave off a deadly infection, more than a dozen medical experts told ProPublica. But according to her husband, when he left work and rushed to the hospital, he arrived to the hospital, he claims that she told him, quote, they had to wait until there were was no heartbeat, he told ProPublica in Spanish, it would be a crime to give her an abortion. Now, let's pause and just revisit what Texas's anti-abortion laws are. They have a fetal heartbeat law, which indicates that as soon as there is detection of a heartbeat, which is around six weeks and it's not even a fully formed heart and it's not a heartbeat, it's electrical

activity. But as soon as you hear something that might be a heart, then that's it, no abortion. No abortions are allowed unless the pregnancy is threatening the life of the mother. So there are some exceptions. But the problem is the exceptions don't really work out the way that these more moderate right wingers think they're going to work out when they carve out these exceptions for abortion bans. And so what ends up happening is when you threaten the doctors with severe penalties and prosecution, well, they're going to avoid performing the abortion because they're going to be more concerned about avoiding prosecution and they fear the possibility of losing everything

they worked for, including their medical licenses. And so that's exactly what happened here. For 40 hours, the anguished 28-year-old mother prayed for doctors to help her get home to her daughter. All the while, her uterus remained exposed to bacteria. I know there's a lot of men watching. We have a male dominant audience, and I know that these are difficult things to hear about. But this is what women go through. Pregnancy is not an easy process for women.

it goes beyond just being inconvenient or uncomfortable. Oftentimes, there can be complications. Oftentimes, if those complications aren't dealt with appropriately, a woman can die from an infection, from sepsis. And that's what happened here. Three days after she delivered the, you know, unviable fetus, Barnica died of an infection. She had sepsis.

and the official cause of death on the medical records indicate that she died of sepsis involving products of conception because they didn't give her the abortion she needed to prevent the infection from taking place. Now look, again, proponents of Texas's, you know, anti-abortion laws argue that there are these exceptions, but in practice, these exceptions don't really work. Barnica's death was preventable, according to more than a dozen medical experts who reviewed a summary of her hospital and autopsy records at ProPublica's request. They called her case horrific, astounding, and egregious.

What was the point of these anti-abortion laws again? It was to save lives, right? That was the argument. Here's the only statement ProPublica was able to get from the hospital that denied Barnica the life-saving emergency abortion that she needed. HCA health care said, our responsibility is to be. in compliance with applicable state and federal laws and regulations and said that physicians exercise their independent judgment. But you know, this chain of hospitals refuses to

disclose what their policies are in regard to these emergency abortions for miscarriages. Some HCA shareholders have also asked why the company hasn't like prepared a report on the risks to the company related to the abortion bans in the state of Texas or in other states they might operate in that have banned abortion. They argue that, hey, you know what, this could actually help the patients understand what services they can expect from the doctors if there are certain circumstances like a miscarriage that would require an emergency abortion. But get a load of this.

HCA's board of directors oppose the proposal partly because it would create an unnecessary expense and burdens with limited benefits to our stockholders. The proposal was supported by 8% of shareholders who voted. Got to look out for the shareholders, man. Gotta look out for those investors. Money before people. Investors before people. I mean, you know how the story goes.

Is this supposed to be the moral path forward? I'm serious. I really do want conservatives to answer that question. Is this really the moral way of handling women's reproductive health? And if you are a conservative watching, I'm genuinely curious, what is your stereotype of women and why they would want to keep abortion legal? You know, the Roe standard ensured that abortion was legal up to viability, viability meaning, you know, a fetus that could actually survive outside the womb.

So I just want to understand when the fetus isn't even viable, what's more important? Protecting the woman's life, or is the woman's life not that important at all? We just need to have these ridiculous bans to save what? I mean, I mean, seriously, to save the fetuses that a lot of women are going to go out of their way to abort in illegal ways if they have to. I mean, that's what happened in the past when abortion was illegal nationwide. That's what's been happening now. I just, you know, a lot of people think that the abortion pill is the magic solution to all of this. And I'm happy that the abortion pill is available.

But the abortion pill has complications as well, because if you take the abortion pill, you're in the comfort of your own home and you abort a fetus that way. Well, sometimes complications arise from that as well. and a woman might need to seek medical attention to avoid an infection as a result of that as well. But if you live in a state where you're worried about prosecution for getting an abortion or aborting a fetus, are you going to seek that medical attention or are you going to be afraid to do so? I just think that these laws are not well thought out. And they seem to have a complete misunderstanding as to why abortion and, you know, reproductive health is considered health care.

I think that there are a lot of stereotypes out there about women just willy-nilly having all sorts of unprotected sex with all sorts of men and then using abortion as a form of birth control. Many of the medical professionals ProPublica spoke to noted that Barnacos story was actually similar to a story that went viral some years ago. So a 31 year old woman who died of septic shock back in 2012 after providers in Ireland refused to empty her uterus while she was miscarrying at 17 weeks. When she begged for care, a midwife told her, quote, this is a Catholic country, end quote. The resulting investigation and public outcry galvanized the country to change its strict

ban on abortion. But that's not what's happening here in the United States, unfortunately. The nation's largest for profit hospital chain has said it delivers more babies than any other healthcare provider in America and 70% of its hospitals are in states where abortion is restricted. And in the US, there are again, no efforts to reform some of these terrible laws and bans that have been implemented in states like Texas. Now luckily in the state of Florida, voters will be able to vote on a ballot measure that

will allow them to protect reproductive rights as part of their state constitution. I'm really crossing my fingers for the state of Florida. I hope they make the right decision. And in the past, they have voted very liberally on certain ballot initiatives, including raising the state's minimum wage. So I have faith in the voters of Florida. Please do the right thing. Please protect women, protect reproductive rights because it is health care.

And Texas isn't the only state that's grappling with injustice related to these. abortion bans last month, ProPublica told the stories of two Georgia women, Amber Thurman and Candy Miller, whose deaths were deemed preventable by the state's maternal mortality, mortality review committee after they were unable to access legal abortions and timely medical care amid an abortion ban. It's a depressing story to say the least. I hate where we are as a country, but the only way to fight back is electorally. Let's take a break.

We'll be right back. Welcome back to the show. You're watching TYT and I'm Anna Casparian. Let's get to our next story. And the truth is we're unwilling to fight with their regulators. There's time to fight back. You know, if you're in a knife fight, you better damn want to bring a knife. And, you know, that's where we are.

And it's about time, including the big box retailers. It's time to fight back. I've had it with this. Oh, poor CEO, poor big bank CEO, Jamie Diamond. He's sick of the regulations, you know, because what, J.P. Morgan's really struggling with profits? Is that what's happening? Jamie Diamond, is that what's happening? I mean, what a joke.

So that was on Monday, J.P. Morgan Chase, CEO, Jamie Diamond, went on a fiery tirade against regulations. I mean, he is an executive in a sector of this economy that has been, like, honestly, unregulated for a long time. Like, what is he complaining about? We're going to get into some of the numbers in regard to profits in just a minute, but this is incredible. So his comments were pretty ironic for several reasons. We're gonna get to that in just a minute. But first, let's also just talk about the American Bankers Association Convention because that's the annual event that Jamie Diamond was speaking at.

And this is an organization that spends quite a bit of money during every electoral cycle, every election. Let's take a look at this chart from Open Secrets. It gives you a sense of, wow, they have quite a bit of money to spend on lobbying. Doesn't seem like an industry struggling with profits would have that kind of money to dedicate to lobbying. According to Open Secrets, the American Bankers Association has spent over $3 million on political contributions in every election cycle going all the way back to 2006. Okay, let's take a look at the next chart. They also dedicate millions of dollars to lobbying every single year.

this graph shows both the amount of money spent represented by the bars and the number of lobbyists working for the American Bankers Association represented by the purple line. In 2015, that's where you see the tallest bar on the graph. They spent over 12 million dollars on lobbying alone. You know, banks are really struggling, so much so that they've got tens of millions of dollars to dedicate in a single year to their lobbying. Okay, so now you know exactly who this crowd is made up of, which is why they're so receptive to his fiery rant against regulations. And I just want to remind you all or inform you all if you didn't know. The 2008 economic collapse was caused by the banks.

It was caused by banks doling out mortgages that they knew, you know, the consumers or the clients. that they were giving the mortgages to, were unlikely to be able to pay back. They were adjustable rate mortgages. They knew that the interest rate on those mortgages would spike, thus making it incredibly difficult for Americans to be able to pay their mortgages. And you know what they did? They bundled those mortgages up and they traded them on the stock market as securities and they bet against them to make money predicting that those securities would take a nosedive.

There was a lot of fraud involved as well. You know, those securities would get insanely good ratings when they were just packed with toxic mortgages. But that's what the banks did. And the response to that was abysmal. The response to that was pathetic regulation during the Obama administration. There was very little help for Americans who were victims of this predatory behavior and activity by Wall Street. A lot of Americans lost their homes and never recovered. And Jamie Diamond standing there or sitting there, whining about banking regulations.

Okay. So you would think that by what Diamond is saying and what he's complaining about, like Homeboy's struggling, right? Like he used to be able to make a profit. He used to be able to make a buck. And now he's really struggling. Except he's not. J.P. Morgan Chase is doing just fine.

Here's a headline from this year, January, J.P. Morgan just made more annual profit than any U.S. bank ever, ever. It's nearly 50 billion dollars of net income in 2023 tops its 2021 record. So they keep breaking records when it comes to their revenue, their profits. So explain to me again why regulations are a problem. Why are they an issue? So this might help you wrap your head around all of this. So this might help you wrap your head around all of this. So consider that the six biggest US banks didn't have a 100 billion dollar year until 28, J.P. Morgan came close to making half that in 2023. And we should also mention that Jamie Diamond himself is also fabulously wealthy. He's not struggling at all. Let's take a look at this. So as you can see from this graphic, he is worth $2.4 billion. That is his net worth as of today. So what is the issue here, Jamie Diamond?

Like, what is the problem? And what's incredibly infuriating is how easily, because of the way our political system works and because of how easily moneyed interests can essentially fund the political campaigns of the politicians who are supposed to be representing us, well, they usually get what they want. And the New York Times recently published a piece that really has me concerned. So first, I just want to note that recently J.P. Morgan Chase did get into some regular. trouble. And I'm guessing that's what is informing Jamie Diamond's rant here. So in March, the bank was slammed with a $350 million fine by the Federal Reserve. So the office of the

comptroller of the currency or OCC for short was also involved in this fine or in fining J.P. Morgan Chase. And so according to the New York Times, J.P. Morgan Chase plays a part in trillions of of financial market trading around the world every day. But federal regulators said the bank's systems for sharing details of that activity with them had not been working properly for about a decade. This went on for nearly 10 years. And finally, federal regulators are like, uh, hey dog, can you maybe comply with these regulations like you're supposed to be reporting?

We're supposed to be able to oversee, you know, all of this. you know, financial markets trading that you guys are involved in and were unable to do so. You're not complying. The breaches at the bank, which occurred from around 2014 until 2023, affected regulators seeking data on financial market activity to help catch instances of misbehavior, like insider trading and market manipulation. You know, insider trading and market manipulation is now almost as American as apple pie. You have members of Congress literally engaging in this activity themselves.

So I guess we shouldn't be so surprised when J.P. Morgan Chase was able to get away with this for nearly a decade. But eventually the chickens came home to roost and they had to pay a $350 million fine. J.P. Morgan was not retaining and sharing information about trades made by customers and businesses in connection with around 30 different trading platforms and venues, the regulator said. Now, circling back to Diamond's comments at the ABA conference, it's pretty clear that he has a strong vision for the future as it pertains to regulations, but we'll have to wait and see whether we'll be contending with a Harris or Trump administration while doing so. Now, look, publicly, he has avoided endorsing Kamala Harris or Donald Trump. But the New York Times recently reported that in private, Diamond has made clear that he supports Vice President Kamala Harris and would consider a role, perhaps Treasury Secretary in her administration. He has also told his associates that the former president's 2020 election denialism remains

close to a disqualifying factor. And look, Diamond isn't making his stance public because he's also fearful that. that if Trump ends up winning the election, you know, Trump could retaliate against him, so he's kind of keeping his powder dry, if you will, and avoiding making any public statements, endorsing one candidate or the other in this presidential race. On the other hand, though, in 2012, Diamond feuded with Harris, then Attorney General of California amid negotiations with a group of states over Big Bank foreclosure abuses, Harris would later recount in her autobiography that the pair were like dogs in a fight.

He called her once and screamed that she was trying to steal from my shareholder, she wrote. And in January at the World Economic Forum in Davos, Switzerland, Diamond turned heads across Wall Street when he proclaimed that Trump had been kind of right about economic issues such as tax cuts. I'm sure you feel that way, Jamie. I'm sure you feel that way. Incredible. Now, at the end of the day, both candidates are running very pro-corporate campaigns, so Diamond probably won't face much resistance from whoever wins. I mean, we'll see. We'll see what happens. But considering the incentives and disincentives that are now baked into our political system, considering how much influence moneyed interests have on our politicians, the future

doesn't look bright when it comes to banking regulations and protecting American consumers from predatory activity. The fact that they were able to get away with failing to comply with federal regulations, disclosure regulations, for like nearly a decade, guys, is amazing to me. So this was going on during the Trump administration. This has been going on under the Biden administration. It had to take a decade for federal regulators to finally act and say, hey, yes, Yeah, you know, you need to comply with this regulation.

We need to make sure that there isn't anything fishy going on with insider trading or with the stock market. Anyway, so according to Diamond, who insisted at the ABA conference, banking regulations actually hurt those of us with the lowest incomes, not the financial behemoths like his company. And whenever you hear that argument, you should immediately reject it because it's complete and utter BS. We gotta take a break, we'll be back with more. was like 30 pages long banking regulation, was simple enough to work for 70 years. That was repealed, but it was replaced with something called Dodd-Frank, which is how many pages? 22,000 pages, complicated enough to never work. And even though it has, it's a lot bulkier in terms of the number of pages, it's very watered down regulation.

So there you have it. Thank you for writing in Tommy C. All right, let's get to our next story. Is energy production higher, Sarah Palin? It's a very simple question. I know facts are not your strong point. Is energy production higher today under Biden than under Trump? It's a simple yes or no question. You're an obnoxious.

Facts don't you. Facts don't care about your feelings. Biden didn't thwart. You're a racist. We want to play that game? Ah, Pierce Morgan's show. Always a great place to go if you want a genuine exchange of ideas and lots of smart points. Obviously I'm kidding, but that was journalist Mehdi Hassan, who found himself broad.

with the former vice presidential candidate Sarah Palin during a recent debate hosted by Pierce Morgan. Look, debates hosted by Pierce Morgan isn't, it's not really about debating ideas. It's really about creating a circus environment for people to embarrass themselves in. But what Medi Hassan was saying there was actually correct. And I actually want to get into this issue because it's something that comes up over and over again. The idea that America is not energy dependent. We're not drilling enough. We're not fracking. enough. And that couldn't be further from the truth. Now, Sarah Palin repeated a favorite Republican lie about Biden hampering energy production in the United States and quickly got fact checked

by Medi Hassan. Now, this started with a discussion about which candidate is more anti-war with Sarah Palin arguing that, of course, Donald Trump is. And here's her reasoning for why she doesn't trust Kamala Harris to protect the country. I will do whatever I can. and I will support whatever candidate needs support in order to avoid war. Why I will not support Kamala is she doesn't understand, for one, that inherent link between energy development, energy independence in America, and that inherent link between that and our safety and our sovereignty. And because Kamala and because the Democrat Party has put an end to so much of our exploration,

certainly so much of our development, of our own natural resources. Isn't America producing more energy today than we have in all of history? That's not true? We're not? No, we're not. Okay. Remember Kamala and her administration, day one, they stopped pipelines, no more drilling on federal lands. So we look up. America's not producing energy. Okay. Now, I do think that it's worth noting that as an aside, okay,

Medi Hassan correctly pointed out after that moment that Sarah Palin ran alongside John McCain, who was notoriously a warhawk. So I mean, if she has problems with warhawks, why was she so willing to run as the running mate to a guy who was a warhawk himself? But okay, Anyway, then they get back to the debate about energy, and Medi Hassan starts calling her out on, I think they're, their lies, or maybe she's just totally misinformed, but come on, come on. At this point, how can it not be a lie? Let's watch. And I wanted to talk about energy and America's need for energy. America has record energy production right now. No, it does.

People can Google it right now. When I said that on day one, what the Biden administration did was halted so much of our exploration. And yet we have record energy production. And we're not a fan of it, by the way. I think we should have less energy production. I'm a critic of Biden on his energy production. You're a liar. You lie.

I'm a liar. Yes. And you said, no Biden didn't do that. Yes, he did on day one. Do you know he handed up more licenses of Trump? Do you know that? I'm making the point that you denied. My point is true.

Destiny said energy is higher and you said no. So if anyone lied, you did, people could DVR, they can rewind it and see you saying a false statement. Let me ask you. Energy production, is energy production higher today? You don't think that Biden is energy production higher under Biden than Trump? And you just lie. Is energy production higher, Sarah Palin? It's a very simple question.

I know facts are not your strong point. Is energy production higher today under Biden than under Trump? It's a simple yes or no question. You're an obnoxious. So you know, facts don't care about your feelings. Are Americans wrong when they have this feeling? Well, the feelings are often times are generated on the energy production is today than under Trump.

That makes me obnoxious. You're obnoxious. Okay, great, great retort. You got them. All right, look, I have addressed this multiple times on the show, but the video that we're about to watch is going to help explain what I've been repeating on this show over and over again in regard to energy production in America, because it is absolutely true that we are the top producer and top exporter.

Let's watch. Oil production is at a record high. In the last year or so, there has been almost an unprecedented increase in production, actually the most since 2014. And so at this point, the United States, as you mentioned, is producing about 13.5 million barrels a day, and we're heading towards 14 million barrels a day. That is more oil than any country in the world, that is a record for the United States. States, and it may will be the record for any country in the world. And we are now, after Saudi Arabia,

the biggest, we're, we're exporting more oil than any member of OPEC save Saudi Arabia. I bet a lot of voters and even Republican lawmakers don't know that we actually end up importing oil as well from Canada. And the reason why we do that is because our refineries are able to to refine that oil from Canada. Now, you could build new refineries or you can update the refineries we have in order to deal with the oil that we're drilling here in the United States. But it's an interesting story. Shareholders know that that would require these oil companies to spend some money on updating their infrastructure and basically updating their refineries to be able to refine American produced oil. Or they can increase their retirement.

return on investment by not having these oil companies invest in their infrastructure and their refineries. And so that's part of the issue. But the overwhelming issue here is that oil is sold on the international market. The oil that is drilled on American land is not a resource that belongs to the American people. It doesn't belong to the American government. It belongs to the companies that drill for that oil. And they get to do with that oil as they please.

They get to sell it on the international market, which is why we are one of the top exporters. So another fact that everyone should be aware of, as Reuters, multiple indicators suggest that the US oil and gas industry has thrived under President Joe Biden's administration, despite its push to decarbonize the U.S. economy. And look, I want to be as fair as humanly possible to everyone involved in this debate, including Sarah Palin, okay? Because there are little nuggets, little tidbits, okay, kibbles and bits of truth in what she's saying, but her overall point is incorrect.

So what are the bits of truth in what, you know, Sarah Palin is saying here? it is true that Biden canceled the Keystone XL pipeline project to bring in more Canadian crude to U.S. refineries. It's also true that he paused the LNG export permits pending an environmental review, and he reduced the federal oil leasing schedule. But overall, if you take a step back and you look at the full picture of what happened under Biden's administration, we produced record oil and we exported record oil. Now, overall, Medi is still right.

The US is producing more energy than ever before. Let's take a look at this chart. Oil production in the United States amounted to around 827.1 million metric tons in 2023. That is literally the highest figure on record. You can see it visually in this chart. You can also analyze it based on the raw numbers. Biden has expedited the construction of an oil pipeline in West Virginia and approved the

Willow Oil project in Alaska over the opposition of environmental activists and despite his 2020 campaign promise to stop drilling on federal lands altogether. Yeah, that West Virginia pipeline, you guys remember the story behind that? After Senator Joe Manchin torpedoed Biden's alleged agenda, his build back better agenda. agenda. Biden decided to reward him and Congress decided to reward him by green lighting this West Virginia project. So that's great. Anyway, let's take a look at the next chart. In addition to crude oil, by the way, the U.S. produced more natural gas and to a lesser extent, renewable energy than ever before. In fact, under Biden, more onshore drilling permits were approved

than they were under Trump. Let's take a look at the next chart. This is federal onshore drilling permit approvals, which were up under Biden. And you get a sense that, you know, he absolutely did provide more permit approvals compared to Donald Trump. Now, in addition to producing more natural gas and crude oil than ever before, we're also producing more than any other country. There you go. We're producing more than Russia. We're producing more than Saudi Arabia.

America leads the next two largest energy producers, Russia and Saudi Arabia. And as you expect, you'd expect, fossil fuel companies are making record profits as well. They're raking it in. They're not hungry. They're not looking for their next meal. The profits of the top five publicly traded oil companies, BP, Shell, Exxon, Chevron, and total energies amounted to 400,000. $110 billion during the first three years of the Biden administration, a 100% increase over the first three years of Donald Trump's presidency, according to data compiled by Reuters.

Still, doesn't matter what the evidence is, doesn't matter what the truth is, you're going to hear the same lie repeated over and over and over again. The big problem in America is that we're not energy independent. we could be, but drilling more, fracking more isn't going to make us energy, more energy independent, not unless we are willing to nationalize these fossil fuels as resources for the American people, and no presidential candidate and no member of Congress would ever even consider that. So that's where we are, and that's what the truth is.

Just something to keep in mind as our politicians continue attempting to. to lie to you about what the reality is. All right, we're gonna take a break. When we come back, John Ida Rolla will join me for the second hour. Don't miss it, we'll be right back.