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1
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Start the clock.
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Hello, people.
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Thank you very much.
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Thank you, everyone. I appreciate it.
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Welcome to the show.
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Hi.
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Thank you. Okay.
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So much to get to.
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Good news and bad news for the Jews.
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A peace deal in Gaza.
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We have that and the hostages are home.
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That is the good news.
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The bad news is Bobby Kennedy says
circumcision causes autism.
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So I... It's a kind of a mixed bag for
the Jews today. But yes,
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the... How about that? Finally, peace
over there. After two years, the
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Palestinians are returning to Palestine,
the hostages coming back to Israel, and
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everyone's blown away that Trump pulled
it off. I don't know why.
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I mean, if there's one thing he's good
at, it's sending people back where they
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came from.
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But, I mean, look.
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We're going to talk about it on the
show. I mean, I think you've got to give
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credit where credit is due. I mean, a
lot of people tried to pull this off. He
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did. He is beloved in Israel more than
any other president ever for a good
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reason. He also won over the Arabs.
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He's the only thing besides hummus they
both like.
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That's his big thing, solving wars. You
know, he said he solved many of them
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around the world. He's gotten involved.
It's true. And he's meeting with Putin
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in Hungary in a couple of weeks.
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Today with Zelensky at the White House.
Zelensky is asking for Tomahawk missiles
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to fire at Russia. And Trump said, we'd
love to, but we might need them for
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Chicago.
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Oh, yeah.
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He's a little more popular overseas than
he is here. There's a big rally
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tomorrow. Are you going to go? No King's
Day?
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Oh, you are?
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This is all the people who are upset
about the obviously anti -democratic
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he's doing here, and they are getting
out in the streets. They're saying, we
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not going to take this lying down.
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Milling around? Yes, we'll do it milling
around.
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I was going to go, but I went into the
attic to find my pussy hat and then the
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moths had gotten to it.
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No,
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the Republicans are saying this is not
no King's Day. They said this is Hate
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America Day.
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Yeah, liberals hate America.
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That's what they think. Yeah, if you
won't stop assembling freely and
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freely, we're going to send our mass,
unaccountable, secret police to arrest
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you, as America should be.
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No.
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No, I mean, Trump is not like this,
being called a king. He said, I am not a
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king, and the next person who calls me
one, they're going to find their ass in
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the dungeon, let me tell you.
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He denied it. He said, I am not a king.
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I have no intention of becoming a king.
But if some country wants to donate a
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gold crown, I'm not going to say no.
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King, no.
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Why would you think king? Did the
enemies list?
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You know...
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Enemies list. I remember when Nixon, you
know, they accused Nixon of having an
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enemies list, and he denied it. Trump
reads it out loud.
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I'm not kidding. He just reads it out
loud.
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That's a little bit of a difference.
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The latest one, I mean, Comey's
indicted. Letitia James is indicted. Now
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Bolton, his former national security
advisor, wrote a book about him. Not a
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idea.
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He's indicted. Trump is going after
everyone that ever pissed him off. He's
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an authoritarian Taylor Swift.
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It's amazing.
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But hey.
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Here's an interesting story. Are there
any young Republicans here?
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Yeah.
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Wow.
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To be a young Republican.
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Well, it's a group. I didn't know it was
an official group. And boy, are they in
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hot water.
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They were on a group chat saying the
most vile things. I mean, racist,
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anti -Semitic, awful things. And now
Democrats want these people fired.
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Republicans even are issuing apologies.
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And Stephen Miller said, they grow up so
fast.
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But this is where we are in America.
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Caroline Levitt, she's the...
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president's press spokesman. This is a
very official position.
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This is a quote from her. He said,
Democrats' main constituency are Hamas
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terrorists, illegal aliens, and violent
criminals.
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Okay, but we do make a killer mocha
frappuccino.
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Not all bad. All right, we've got a
great show. Mark Cuban and Andrew Ross
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Darkin are here.
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But first up, oh, I've waited for this
moment for so many years.
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a man who conquered both politics and
show business superstardom, not to
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bodybuilding. He's the author of the
number one best -selling book, Be
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Arnold Schwarzenegger is finally here.
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Arnold,
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how are you?
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Great to be in California.
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Yes. I thought you'd be bigger.
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No, I mean, you're larger than life, but
you were like almost the same height. I
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thought that you would have better abs.
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I don't know how
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you'd
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know that, but all right.
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But your opening monologue was
fantastic.
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Oh, thank you. So funny. Give him a big
hand for that.
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I'm here every week, you know.
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But I know you're here to talk about a
serious subject, and it's an interesting
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subject, which there are two sides to. I
think I'm on the other side of it than
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you, but just basically what's going on
in this country is, to give the broader
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picture, Trump does everything ten times
more than other people have done.
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Everybody always gerrymandered.
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He's taken it to a completely new level.
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He's getting legislatures now to redraw
districts.
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This is where the politicians pick the
voters when really the people should be
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picking the politicians.
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You reformed this in California and said
we don't want that, which is the right
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thing to do in sort of just the macro.
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But things have changed. Would you not
say if the Republicans are doing it, how
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can the Democrats unilaterally disarm?
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He wants Indiana now to be a state
that's going to have zero Democrat
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representatives.
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If Texas is doing it, now California's
Prop 50, Gavin Newsom wants us to undo
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what you did, made it fair, and go back
to this because we can't unilaterally
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disarm. What is your argument now, given
the new information?
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Well, I think that Prop 50 is a big
scam.
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And the reason why I'm saying that is
because it says that we should fight
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because he's a threat to democracy.
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But in the meantime, they want to go and
tear up the Constitution in California,
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get rid of the independent commission
that draws the district lines and take
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power away from the people and give it
back to the politicians.
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So how does this go, fighting democracy?
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or helping democracy or fighting Trump
and imitating what Texas is doing.
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I mean, it doesn't make any sense to me,
the whole thing. Well, it makes sense
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in that the Democrats have no power now.
The only power they can have is if they
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win the midterm elections and take back
the House. If only the Republicans get
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to gerrymander, the Democrats will never
take back the House.
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No, no, gerrymandering is going on. It
has been going on for 200 years. Not on
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this level.
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Look, there are states out there that
have 40 % of Republicans and only have
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like 20 % representation in Congress.
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There's the opposite also true. So
there's gerrymandering going on all
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What we wanted to do in California is we
wanted to be leaders.
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And we wanted to show to America that
California has always been a leader. It
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goes in California, then it goes
nationwide.
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So we finally, after a long kind of a
battle, we passed.
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legislation, not only legislation, but I
mean the people actually voted for an
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independent commission.
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And now we have had this independent
commission and the politicians in
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California have performed much better
because of this kind of a fair
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drawing of districts, so to speak.
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And so I think that to undo all of that
and to take away the power, this is a
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trick that you have to understand.
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The Democrats are fighting the
Republicans. The Republicans are
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Democrats.
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But you know something?
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One of them is going to win.
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Yes, it's going to be the Republicans
because they didn't follow your example
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into the halls of nobleness. But you
know who I want to win?
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The people.
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The people are to win.
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This is what this is about.
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See, I'm a Republican, but I'm not a
Republican hack.
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I'm not a political hack. I don't serve
the party. I always serve the people.
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The people are first. We cannot undo
something and rip away...
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the power that the people in California
have and give it back to the
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politicians. We fought that for too
long.
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Let's not do that. Let us be a good
example.
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Let the Democrats outperform the
Republicans and therefore, because of
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performance, win and get the House back.
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I don't think that's very realistic.
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I read your speech at the 2004
convention. I remember it very well,
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talked about why I'm a Republican.
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I was very moved by it at the time. I
thought it was a great speech. I'm sure
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you remember it well. You talked about
growing up at a time when Vienna was
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actually occupied, right?
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That's right. Austria was still
occupied.
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You saw socialism firsthand.
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And that's why when you came to America,
you didn't know it.
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parties were. You didn't know which. And
you heard the Democrats speak. And then
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you heard, I think, Nixon talk. And you
heard the ideas of the Republican Party.
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And you said, I'm a Republican.
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I hear that. That's what I get that. You
think that's still the party? You think
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that still applies to the Republican
Party? What made you want to be a
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Republican where they are today?
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Bill, things change.
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It's very clear that it has changed.
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I'm a traditional Republican.
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I'm the kind of a Republican like
Lincoln.
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who made sure that slavery stops.
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He made sure that the blacks got the
right to vote.
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He made sure the Republican Party then
made sure that the blacks become
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of the United States and get the
citizenship.
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All of those kind of things.
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Republicans did that. Look what has
happened over the years, how things have
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changed. And this is how we are going
through changes. But it doesn't mean we
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have to give up. I'm still a traditional
Republican because, remember, it was...
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Nixon that created the EPA.
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in Washington to make sure that we have
clean air and clean water.
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Republican. Ronald Reagan here created
the Air Resources Board that enabled us
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to reduce our greenhouse gases by 25 %
and to have the million solar roofs and
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to get our renewables up to 70%. And all
of this kind of stuff is because of the
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Air Resources Board that Ronald Reagan
created. So there were great
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The party has changed now. This is
clear, but it doesn't mean that we have
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change. We have to fight to get the
party back and to get it for last. I
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think
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the people should know that it is
important that we serve the people,
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not the parties.
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They make it their business to fight
amongst each other. Look at this, the
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popular thing in America, for instance,
universal background check.
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00:14:02,580 --> 00:14:05,540
90 % of the people have a universal
background check.
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But it's not getting done.
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I mean, think about that. Who's holding
that up? The politicians.
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Well, not the Democratic politicians. It
doesn't matter. They have to get
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together and solve those problems.
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This is what negotiating is all about. I
was a Republican, and I was in
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Sacramento. I got together with the
Democrats, and I made it very clear.
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I maybe think differently than you
sometimes, but you're not my enemy.
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I love working with you because with the
Republican brain and with the
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Democratic brain together, we have the
ultimate brain power and we can really
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accomplish things.
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But that's California.
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California isn't America. California is
one of those states, yes, where a
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moderate Republican governor can do well
because it's a very blue state.
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You might say it's too blue because we
have this somebody running for governor
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now, Katie Porter, and we saw she had a
lot of problems this week with her
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image. And she was asked a question
about what would you do to get the Trump
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voters in this state? And I think it was
very telling what her answer was, which
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was basically, why are you even asking
that question? Why would I care about
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trying to get these deplorables on my
side? I don't need them because this is,
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yes, wow.
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I'm paraphrasing, but that was the
attitude. Because she doesn't, probably,
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because the state is so blue. You're the
last Republican.
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You're really the last Republican from
California, the last guy who got elected
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in this state.
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Well, you know, let me tell you
something.
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We're talking here about saving
democracy.
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What I suggest is that the way we save
democracy nationwide is to really have a
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proposal like, for instance, the Save
Democracy Act.
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It's just an idea where we go and make
election day a holiday so
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that everyone has time to go out and go
to the election.
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Again,
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this is something Democrats are all for
and Republicans are all against.
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Here's the second point. The second
point is you have to have fair
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redistricting, to have independent
redistricting commission.
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in each state all over the United
States.
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Yeah. Except they won't do it. A voter
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ID. So that when you go and vote, people
should know that you are that person.
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These are all things that they have back
in Europe.
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So I come from Europe, I just said yes,
not that I created this idea. Those are
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things that are happening in Europe and
have happened for centuries.
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So this is why I think that it is
important that we do the same thing
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think if we take those three things,
there's something that the Republicans
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like, there's something that the
Democrats like.
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Get together and solve this problem.
It's the same. It's no different than
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talking about energy or anything like
that, where Democrats and Republicans
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get together. You give something to the
Republicans, you create more nuclear
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power. You give something to the
Democrats, create more renewable power.
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of a sudden, we have 80 % of energy, of
clean energy in America. This is the way
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we have to do it. We have to go talk to
each other rather than hating each
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other. Talk to each other because that's
what the people want, and that's what
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the people need.
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Okay.
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Last question, I'll let you go, but I
have to ask you because you also
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the world of show business in a big way.
What do you think about what's going on
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in movies? I mean, I hear people just
fretting so much about it because, oh,
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one's going to the theater anymore, for
example.
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You know, we can watch it in our house.
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You know what? Good.
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I like watching it in my house.
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I mean, they're trying to make me feel
terrible about it, like, oh, the
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experience of being in a theater and
hearing somebody else laugh. I don't
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fuck if this guy's laughing.
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I... Oh, my goodness,
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the guy in row 32B loves it.
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And streaming. I mean, what is your take
on the movie industry right now as a
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big movie? I think that the movie
business is doing really well.
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I think that California is kind of out
of the game because we don't have the
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incentive that other states have and
that other countries have.
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But the bottom line is I think there's
some really good movies. Whenever a good
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movie comes out like Avatar is going to
come out again around Christmas time, I
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00:18:37,690 --> 00:18:40,890
guarantee you they're going to make over
a billion dollars again and everyone is
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going to go and run to the theater. Why?
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Because it's a good movie.
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Jim Cameron makes great movies. So if a
movie is not that good, why would you be
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excited to go and pay for the parking,
pay for your drink, pay for the popcorn,
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pay for the tickets, and then they sit
in the theater and look at some shit,
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right? We don't want to do that.
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We don't want to look at shit.
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Thank you so much for coming.
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00:19:04,500 --> 00:19:07,340
I'm not Schwarzenegger. I'm the biggest
fan, you know.
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All right.
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Governor Schwarzenegger. Thank you.
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Let's meet our panel.
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00:19:20,400 --> 00:19:21,720
Hey, guys. All right.
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00:19:23,380 --> 00:19:28,220
Here's Coenker on CSNBC's Squawk Box and
founder of the New York Times Dealbook,
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00:19:28,340 --> 00:19:33,480
whose new book is 1929, Inside the
Greatest Crash in Wall Street History
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00:19:33,480 --> 00:19:36,980
It Shattered a Nation. We are going to
get to it tonight. Andrew R. Sorkin is
295
00:19:36,980 --> 00:19:37,980
here.
296
00:19:39,400 --> 00:19:41,920
And we'll know this guy. He's a minority
owner.
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00:19:43,130 --> 00:19:44,390
Minority now? Oh, no.
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00:19:44,670 --> 00:19:45,670
What happened?
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00:19:45,790 --> 00:19:50,130
Now the mighty have fallen of the NBA's
Dallas Mavericks and co -founder of Cost
300
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Plus Drugs, Mark Cuban.
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Okay.
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All right.
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00:19:58,770 --> 00:20:02,530
Let's talk about the Middle East first.
We are confronted here with a dilemma, I
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feel like. There is President Trump, the
overseas hero, who does make... Good
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00:20:08,960 --> 00:20:12,920
deals overseas, it looks like. Not just
this place, but a couple other ones.
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00:20:13,200 --> 00:20:16,260
And then domestically, the threatener of
democracy.
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My first question is just, can we
separate these two?
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00:20:20,340 --> 00:20:23,640
Because they are two different things,
and some people do not want to.
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I'm a separator usually, like I can
recognize that R. Kelly should not have
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sex with little boys or little girls.
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But Ignition is still a great jam.
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play it tonight if I feel like it. But
what's your first answer on that? Can we
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00:20:41,960 --> 00:20:44,580
separate them and just give them... Hold
two ideas in your head at the same
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00:20:44,580 --> 00:20:46,300
time. Thank you. There you go.
Absolutely.
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00:20:46,920 --> 00:20:52,080
You can give this president a standing
ovation for getting to this point and
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00:20:52,080 --> 00:20:53,860
give him the Nobel Peace Prize, right?
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00:20:54,320 --> 00:20:57,280
I think you can look at this and say,
this is a very good situation.
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00:20:57,520 --> 00:21:00,580
It's something that has not happened for
the last two years. We've been waiting
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00:21:00,580 --> 00:21:02,900
for this moment. And then we're going to
have to see. But why?
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It's the Nobel Peace Prize, not the
Nobel Democracy Prize.
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Well, the question is, do we have real
peace? And I think the jury is going to
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be out on that. We'll see where we get.
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00:21:14,320 --> 00:21:19,060
But give him credit. You can not like
this president at all. No one's going to
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00:21:19,060 --> 00:21:22,400
be good at everything, right? And if
he's good at getting deals done
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00:21:22,940 --> 00:21:26,940
give him credit for it. If he's not so
good domestically, give him shit for it.
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00:21:27,600 --> 00:21:33,540
From my memory and history, The only
thing that compares to this is when
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solved the Cold War, ended the Cold War,
which I always said was, you know,
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00:21:37,720 --> 00:21:41,880
Reagan did play his part in ending the
Cold War. But I think the Soviet Union
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was going to collapse anyway, of its own
way, right?
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00:21:45,060 --> 00:21:49,520
This, I'm not so sure, isn't an actually
greater achievement, if at last, and if
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we have, but it looks like they're
transforming the whole Middle East. So
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not going to hide my, yes, we certainly
have had our differences.
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And even after the dinner, he's still
bitching at me.
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So for those people who thought... It's
okay to give credit where credit is.
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It's okay. It's okay. And I am not going
to hide my admiration for somebody who
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did this differently than anybody else
did and said, without apology, I'm with
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00:22:12,640 --> 00:22:17,120
Israel. You know what? There's only one
country in this whole equation, and this
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00:22:17,120 --> 00:22:20,360
is where America, I think, fell down in
the past. We tried to be even, Steve,
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00:22:20,420 --> 00:22:22,460
and it wasn't. There's only one country
that's a democracy.
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There's only one country that prizes
life over the...
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00:22:27,230 --> 00:22:28,510
sort of cult of death.
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It's only one country where you'd
actually want to live, quite frankly, if
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were living in the Middle East. So let's
throw our lot in with them. A country
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that actually shares our values.
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I mean, you start with the Abraham
Accord, right? Slowly but surely, they
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developed the relationships, worked
together with each of the countries,
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Jared over to get the job done, and they
deserve credit.
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Why not give credit where credit is due?
I mean, if this thing holds, I don't
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know if he deserves the Nobel Peace
Prize. And that becomes the question.
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00:23:01,620 --> 00:23:04,880
will say, should he get the Nobel Peace
Prize if it actually works?
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00:23:05,220 --> 00:23:10,000
And that, given what you just said about
the domestic peace, if you will, that's
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still going to be in question. But I
agree 100%. You know, I actually looked
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who votes on the Nobel Peace Prize. And
it's a bunch of academics.
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It's not the type of people. It's
bullshit, like the Emmys. Well, but
355
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it's a bunch.
356
00:23:23,240 --> 00:23:28,740
It may be bullshit, but if it's
academics that are voting, there's no
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00:23:28,740 --> 00:23:31,180
academics are going to vote for Donald
Trump. Period. End of story.
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00:23:31,420 --> 00:23:36,300
But what I think he should get credit
for especially is just changing the way
359
00:23:36,300 --> 00:23:40,520
approached this. They did it the same
for administration after administration,
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tried the same thing, and it didn't
work, and they kept doing it. And now
361
00:23:44,700 --> 00:23:47,580
sound like these three real estate guys
over there. Well, that's the thing. They
362
00:23:47,580 --> 00:23:50,820
look at Witkoff, and they look at Jared
Kushner, and they think, what are they
363
00:23:50,820 --> 00:23:52,700
doing? And yet they make it work.
364
00:23:53,130 --> 00:23:57,490
So why is that? And what does that say
about experts and expertise? I'll tell
365
00:23:57,490 --> 00:23:58,129
you why.
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Because, first of all, the Trump
doctrine, which was basically, we don't
367
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anybody.
368
00:24:04,010 --> 00:24:05,010
You know what?
369
00:24:06,330 --> 00:24:10,890
Cutting off the head of that journalist,
not cool, but, you know, everybody's
370
00:24:10,890 --> 00:24:11,669
got their thing.
371
00:24:11,670 --> 00:24:15,790
And, you know, Biden didn't talk to
Saudi Arabia for a year after that.
372
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not talking to you. And then he had to.
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He had to go over there because it's
Saudi Arabia, because they have the oil,
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and they're the counterweight to Iran,
and we had to talk to them. Trump
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00:24:25,090 --> 00:24:30,070
play that game. And he said, look, we've
always put Palestine itself at the
376
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center of this. And we're going to,
Palestine, which is never, let's be
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an actual country.
378
00:24:35,470 --> 00:24:38,410
Okay, he said, we're going to make deals
with the actual countries.
379
00:24:38,850 --> 00:24:40,450
There's some actual countries there.
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00:24:40,890 --> 00:24:45,770
like Saudi Arabia, and like Bahrain, and
like Morocco, and all the other
381
00:24:45,770 --> 00:24:48,710
countries, United Arab Emirates. We're
going to deal with them. And you know
382
00:24:48,710 --> 00:24:51,870
what? They were waiting for someone to
do that. Because the Arabs, more than
383
00:24:51,870 --> 00:24:53,290
anybody, knew this was bullshit.
384
00:24:53,490 --> 00:24:58,790
They could have made Palestine its own
country from 1948 to 1967 when they had
385
00:24:58,790 --> 00:25:02,150
it, and they didn't. So they know who's
bullshitting more than anybody.
386
00:25:02,770 --> 00:25:03,709
It's amazing.
387
00:25:03,710 --> 00:25:07,370
The Jews like him, and the Arabs like
him. That's quite a hat trip.
388
00:25:12,810 --> 00:25:14,010
Why not?
389
00:25:14,590 --> 00:25:20,730
Have you noticed that now that Hamas has
taken over again, they're what?
390
00:25:21,110 --> 00:25:22,110
Shooting everybody.
391
00:25:22,170 --> 00:25:23,049
Shooting everybody.
392
00:25:23,050 --> 00:25:24,070
Where are the protesters?
393
00:25:25,550 --> 00:25:30,090
Suddenly the, you know, the keffiyeh
-wearing college kids are very quiet.
394
00:25:30,510 --> 00:25:31,510
Yeah, can't be found anywhere.
395
00:25:31,610 --> 00:25:32,610
This is okay?
396
00:25:32,710 --> 00:25:36,870
It's just amazing the asymmetry of what
goes on.
397
00:25:37,090 --> 00:25:38,770
Because of all the sympathy. Look.
398
00:25:39,160 --> 00:25:42,720
You can, again, this is the two ideas in
your head at the same time that for
399
00:25:42,720 --> 00:25:46,380
some reason most people don't seem to
want to participate in, which is you can
400
00:25:46,380 --> 00:25:49,480
look at Hamas and say that's a terrible
terrorist organization and hate them,
401
00:25:49,560 --> 00:25:53,400
which you should, and at the same time
have some sympathy for the Palestinian
402
00:25:53,400 --> 00:25:56,980
people. I can do that. And by the way,
I'm an American Jew who thinks that
403
00:25:56,980 --> 00:25:58,840
Israel needs to be supported in all
this.
404
00:25:59,180 --> 00:26:03,900
I don't understand why we as a country
can't have that conversation and just
405
00:26:03,900 --> 00:26:04,900
it like it is.
406
00:26:04,920 --> 00:26:07,720
Yeah. The other thing is... Personal
relationships.
407
00:26:07,960 --> 00:26:08,960
It just showed.
408
00:26:09,160 --> 00:26:13,840
I know the world is run by giant
bureaucracies, but every, no matter how
409
00:26:13,840 --> 00:26:17,160
bureaucracy is, there's always somebody
at the head of it. It's personal
410
00:26:17,160 --> 00:26:22,420
relationships and how people, just one
person deals with another person. And
411
00:26:22,420 --> 00:26:26,820
human element, it reminds me of your
book, quite frankly, because it's all
412
00:26:26,820 --> 00:26:30,140
Wall Street. It's numbers and it's all
this important, but really - It's about
413
00:26:30,140 --> 00:26:34,190
people. It's about people and the nature
of people and the nature of whether
414
00:26:34,190 --> 00:26:36,610
they're going to panic and what makes
them panic.
415
00:26:36,830 --> 00:26:41,750
And, I mean, according to your book, and
I believe you're right, that has not
416
00:26:41,750 --> 00:26:43,430
changed from 1929.
417
00:26:43,730 --> 00:26:45,530
I got a little scared reading your book.
418
00:26:45,990 --> 00:26:50,090
Well, look, I think there's reasons to
be a little scared reading the book. I'm
419
00:26:50,090 --> 00:26:51,410
not here to panic people.
420
00:26:51,980 --> 00:26:55,620
I wrote this book about 1929 because I
wanted to write a story about the
421
00:26:55,720 --> 00:26:58,760
like the actual people on the ground so
we could actually understand who they
422
00:26:58,760 --> 00:27:01,200
were, what they were saying, what their
incentives were, what their motivations
423
00:27:01,200 --> 00:27:04,700
were. And I think you're right. You
realize that all these economic systems,
424
00:27:04,780 --> 00:27:09,660
structures, politics, policy is a story
about people and the decisions they
425
00:27:09,660 --> 00:27:14,560
make. And it's about people like Jared
Kushner could have been in that book, if
426
00:27:14,560 --> 00:27:17,080
you will, meaning going off and trying
to make a deal.
427
00:27:17,300 --> 00:27:20,760
And it was about the personal
relationship that led to that deal, not
428
00:27:21,130 --> 00:27:26,750
Put 1929 and what's happening in the
Middle East all in one pocket. But the
429
00:27:26,750 --> 00:27:30,590
broader story is it's the story about
human beings, and the relationships
430
00:27:30,590 --> 00:27:33,470
ultimately matter to almost everything
that ultimately happened.
431
00:27:33,890 --> 00:27:39,590
And I know you don't want to cause the
panic, but I've got to say, you know,
432
00:27:39,630 --> 00:27:42,630
you're like the guy on a car.
433
00:27:44,900 --> 00:27:48,640
Are you sure that this is not going to
be a little bit of a self -fulfilling
434
00:27:48,640 --> 00:27:54,180
prophecy? I swear to you, as I was
writing this book, I thought I was
435
00:27:54,180 --> 00:27:57,740
history book. Now, the problem is, the
truth was, as I was writing the book, I
436
00:27:57,740 --> 00:27:59,040
was seeing things in the headlines.
437
00:27:59,380 --> 00:28:02,780
I'd be talking about things on TV,
writing about things in the paper, and
438
00:28:02,780 --> 00:28:05,340
go, oh, my, that's exactly like that.
439
00:28:05,540 --> 00:28:07,480
You know, 1930 comes around.
440
00:28:07,980 --> 00:28:09,720
Smoot -Hawley tariffs are taking place.
441
00:28:10,310 --> 00:28:14,790
Hoover decides he needs to do this
because he pledged to the farmers who
442
00:28:14,790 --> 00:28:18,070
vote for him that he needed their vote,
and now he says he wants to. And every
443
00:28:18,070 --> 00:28:21,690
economist in America back then was
screaming from the rooftop saying,
444
00:28:21,690 --> 00:28:23,130
don't do this, please don't do this.
445
00:28:23,690 --> 00:28:27,910
Fast forward, what, just a couple months
ago, same story. Every economist is
446
00:28:27,910 --> 00:28:31,210
signing full -page ads in the New York
Times saying, President Trump, please
447
00:28:31,210 --> 00:28:34,710
don't do this, please don't do this, and
here we are. But also the technology
448
00:28:34,710 --> 00:28:37,570
aspect of it. You know, that was what
really got me.
449
00:28:38,490 --> 00:28:44,390
This economy seems to now be more and
more propped up by AI, as was in the
450
00:28:44,450 --> 00:28:45,450
electricity.
451
00:28:45,910 --> 00:28:47,010
AI was radio.
452
00:28:47,410 --> 00:28:52,250
Everybody was excited about radio and
telecommunications, and RCA was like the
453
00:28:52,250 --> 00:28:53,490
NVIDIA of...
454
00:28:54,090 --> 00:28:59,070
Of 1929, everybody wanted in on the
action, and they were all running to the
455
00:28:59,070 --> 00:29:03,010
brokers to make their bet and to gamble
on it, and they thought this was the
456
00:29:03,010 --> 00:29:06,410
future. On margin, just like today? And
they were doing it on margin. Well,
457
00:29:06,450 --> 00:29:11,290
you're a guy who certainly made your
fortune betting on the new technology 25
458
00:29:11,290 --> 00:29:12,290
years ago.
459
00:29:12,430 --> 00:29:16,190
And today? What do you think of AI? I
think it's overrated. No, I think it's
460
00:29:16,190 --> 00:29:17,790
underrated. Underrated, as I say.
461
00:29:19,650 --> 00:29:21,190
But, but.
462
00:29:24,500 --> 00:29:29,200
Where we are today is just a smidgen of
where it's going to be. We're still in
463
00:29:29,200 --> 00:29:34,640
the first preseason game in the first
inning. And what we see with chat GPT
464
00:29:34,640 --> 00:29:38,960
large language models and AI
girlfriends, that's just the here and
465
00:29:38,960 --> 00:29:42,260
not where we're going to end up. And I
think it's going to make us a lot worse.
466
00:29:42,260 --> 00:29:44,040
You're going to end up with AI wives.
What are you going to end up with?
467
00:29:46,720 --> 00:29:47,740
I'm not saying no.
468
00:29:48,320 --> 00:29:50,600
Put a robot in there and anything is
possible.
469
00:29:52,360 --> 00:29:57,800
What's really the challenge, and it goes
back to 1929, you've got five companies
470
00:29:57,800 --> 00:30:02,360
effectively trying to find out if this
is a winner -take -all AI market, right,
471
00:30:02,460 --> 00:30:04,940
or is there going to be one, two, three,
four, five winners.
472
00:30:05,140 --> 00:30:09,020
If it's winner -take -all, they're going
to keep on spending money, and you can
473
00:30:09,020 --> 00:30:13,120
end up in five, ten years with those
data centers just being hollowed out and
474
00:30:13,120 --> 00:30:16,360
not being used at all. And that would
create a calamity.
475
00:30:17,080 --> 00:30:18,600
Speak against my book for a second.
476
00:30:20,900 --> 00:30:26,140
There's one thing that we need to
remember, which is to some degree, and I
477
00:30:26,140 --> 00:30:29,660
always preaching caution, but
speculation built America.
478
00:30:30,060 --> 00:30:33,960
It's true. When you think about all of
the great technological revolutions that
479
00:30:33,960 --> 00:30:37,740
are taking place, whether it was
technology in that period or in the dot
480
00:30:37,740 --> 00:30:42,640
boom or AI now, there was somebody who
had to speculate on it.
481
00:30:42,910 --> 00:30:47,690
Right. When the first investors in Elon
Musk's Tesla, when that seemed like a
482
00:30:47,690 --> 00:30:51,830
completely absurd idea, they were
speculating on it. And so we need to
483
00:30:51,830 --> 00:30:56,910
out a way to both have some semblance of
speculation in the system, but to do it
484
00:30:56,910 --> 00:30:59,810
with guardrails and to do it in a way
that's responsible.
485
00:31:00,010 --> 00:31:04,210
And that is a hard needle to thread
because humanity. The stock market is
486
00:31:04,210 --> 00:31:07,410
speculation. The stock market is not the
top companies.
487
00:31:07,930 --> 00:31:11,690
They're not the ones that actually make
the most money. Sometimes the top ones
488
00:31:11,690 --> 00:31:14,510
aren't making any money. Oh, no, of
course. It's seven companies driving the
489
00:31:14,510 --> 00:31:18,550
entire market. It's just what they think
they're going to do. And we learned a
490
00:31:18,550 --> 00:31:21,850
good lesson from crypto, right? The
question is, who's on the other side of
491
00:31:21,850 --> 00:31:26,070
trade, right? What happened with Sam
Bankman Freed, they were loaning out
492
00:31:26,070 --> 00:31:29,590
and loaning out crypto, but nobody was
taking the risk. Everybody was just
493
00:31:29,590 --> 00:31:30,650
kicking the can down the road.
494
00:31:30,910 --> 00:31:34,530
That's what I think happened way back
when, right? And that's the risk now.
495
00:31:34,530 --> 00:31:36,990
you're starting to see, and you can
speak better of this than I can, with
496
00:31:36,990 --> 00:31:40,640
commercial. real estate. We don't even
know how much commercial real estate
497
00:31:40,640 --> 00:31:44,340
loans are just being kicked down the
road and just being renewed, renewed,
498
00:31:44,340 --> 00:31:47,480
renewed without ever hope of being paid.
Let me tell you why I think AI is
499
00:31:47,480 --> 00:31:50,840
overrated. I just mean overrated as
something that's going to be good for
500
00:31:50,840 --> 00:31:53,300
economy. One, it's just going to put
everybody out of work.
501
00:31:53,760 --> 00:31:58,500
That cannot be good for the economy when
it can do just about everybody's job.
502
00:31:58,720 --> 00:32:03,420
And also there's this idea that it's
going to make us more efficient. I think
503
00:32:03,420 --> 00:32:07,700
already passed that. I don't think the
economy can... Can Amazon really get
504
00:32:07,700 --> 00:32:10,500
efficient? Can an Amazon warehouse...
But Amazon can be replaced.
505
00:32:10,800 --> 00:32:13,500
What? Amazon can be replaced. Replaced?
Amazon?
506
00:32:14,020 --> 00:32:17,680
Without question, yes. With what? Just
like RCA. RCA was the dominant company.
507
00:32:17,820 --> 00:32:19,420
Well, how do you replace Amazon?
508
00:32:19,640 --> 00:32:22,960
By finding different ways to deliver
product. By finding different...
509
00:32:23,180 --> 00:32:25,520
Amazon just destroys small businesses.
510
00:32:25,840 --> 00:32:30,460
Anybody can walk in right now and be
from China and not have to register
511
00:32:30,460 --> 00:32:34,120
company in the United States of America.
That is going to backfire on Amazon.
512
00:32:34,400 --> 00:32:38,760
All my Shark Tank companies hate working
with Amazon. You still need a truck or
513
00:32:38,760 --> 00:32:43,720
something to bring the crunchy to your
house. Right, but it's knowing what to
514
00:32:43,720 --> 00:32:46,140
buy, knowing what to sell, the pricing,
the logistics.
515
00:32:46,600 --> 00:32:50,720
Amazon has market dominance right now. I
think AI gives smaller companies a
516
00:32:50,720 --> 00:32:52,100
chance to compete with it. Oh, I see.
517
00:32:52,650 --> 00:32:56,710
Okay. Look, in the end, I think, and you
were talking about commercial real
518
00:32:56,710 --> 00:33:00,450
estate and everything else, the thing
that I worry about that creates a true
519
00:33:00,450 --> 00:33:05,450
crisis every single time is leverage in
the system. Too much debt. When you have
520
00:33:05,450 --> 00:33:09,730
too much debt in the system, that is the
light that, that's the match that
521
00:33:09,730 --> 00:33:10,559
lights the fire.
522
00:33:10,560 --> 00:33:11,499
Every single time.
523
00:33:11,500 --> 00:33:15,720
And what we don't know today is where
all the leverage is anymore.
524
00:33:15,920 --> 00:33:20,440
So it used to be that we understood that
credit was in the banks. Banks were the
525
00:33:20,440 --> 00:33:23,280
ones who were loaning out money. That's
not where people get a loan anymore.
526
00:33:23,520 --> 00:33:26,360
They get it from all of these other
places, the shadow banking system. And
527
00:33:26,360 --> 00:33:30,200
have no idea what that looks like. And
that's the part actually that makes me
528
00:33:30,200 --> 00:33:33,680
nervous. I'm very excited about AI. I
think actually AI is going to change our
529
00:33:33,680 --> 00:33:37,920
world. But I am also with you, which is
to say that if AI is as successful as I
530
00:33:37,920 --> 00:33:39,400
think we all want it to be.
531
00:33:39,900 --> 00:33:43,340
To some degree, it has to make us so
much more productive. What does
532
00:33:43,340 --> 00:33:48,020
productivity mean? That's a euphemism
oftentimes, I think, for taking costs
533
00:33:48,020 --> 00:33:52,280
and jobs. I have to cover all the
stories. That's what we do here. The
534
00:33:52,280 --> 00:33:55,360
in the news. I don't know if you...
What?
535
00:33:56,860 --> 00:33:58,980
I have to tell you, this is true.
536
00:34:00,600 --> 00:34:03,580
I don't know if you heard, but I think
it was just this year that we got a
537
00:34:03,580 --> 00:34:05,320
new... The Vatican dropped a new Pope.
538
00:34:06,840 --> 00:34:07,960
An American.
539
00:34:08,830 --> 00:34:11,030
Real name Bob, stripper name Leo.
540
00:34:14,429 --> 00:34:21,150
And he was speaking with journalists at
a Vatican conference this
541
00:34:21,150 --> 00:34:25,570
week, and I didn't know this was on his
radar, but he's very concerned with
542
00:34:25,570 --> 00:34:30,110
clickbait. He said communication must be
freed from the misguided thinking that
543
00:34:30,110 --> 00:34:33,909
corrupts it and the degrading practice
of so -called clickbait.
544
00:34:34,270 --> 00:34:37,050
Popes used to care about masturbation,
and now they're...
545
00:34:38,489 --> 00:34:42,909
Clickbait is what this guy... And I
didn't realize there's a whole genre
546
00:34:42,909 --> 00:34:45,370
Catholic clickbait. Would you like to
see it?
547
00:34:46,790 --> 00:34:47,790
Catholic.
548
00:34:48,429 --> 00:34:50,610
Catholic clickbait.
549
00:34:50,969 --> 00:34:55,630
For example, remember baby Jesus? You
won't believe what he looks like now.
550
00:34:59,190 --> 00:35:06,130
This penance hack will get you in and
out of a confessional in seconds.
551
00:35:12,710 --> 00:35:16,750
We asked five mother superiors the best
classroom object to hit a child with and
552
00:35:16,750 --> 00:35:18,150
they all said the same thing.
553
00:35:24,250 --> 00:35:27,970
The eight masturbation work around your
priest doesn't want you to know.
554
00:35:34,950 --> 00:35:39,410
Would you believe this started out as
water? Find out how.
555
00:35:46,570 --> 00:35:48,750
You won't believe what this guy did
next.
556
00:35:53,770 --> 00:36:00,650
This friar took a vow of silence until
he heard Taylor Swift's song about
557
00:36:00,650 --> 00:36:01,830
Travis Kelsey's dick.
558
00:36:06,810 --> 00:36:10,890
The best month for celebrating
Christmas.
559
00:36:11,110 --> 00:36:12,490
Well, that should be obvious.
560
00:36:18,860 --> 00:36:22,040
became the world's most famous carpenter
without making a single piece of
561
00:36:22,040 --> 00:36:23,600
furniture. Can you guess his name?
562
00:36:26,020 --> 00:36:32,940
Can you guess which one of these
apostles is a snitch? Play our game.
563
00:36:41,900 --> 00:36:46,020
Let me ask you a broader, both of you
economic geniuses, a broader economic
564
00:36:46,020 --> 00:36:50,080
question. Well, economic and political,
because it seems to me that there are
565
00:36:50,080 --> 00:36:55,500
two pillars that this country is founded
on. One is democracy, and one is
566
00:36:55,500 --> 00:36:56,740
capitalism, free markets.
567
00:36:57,080 --> 00:37:03,160
And it seems like one party wants to get
rid of one, and the other party wants
568
00:37:03,160 --> 00:37:04,160
to get rid of the other.
569
00:37:04,540 --> 00:37:09,520
Right? The Republicans are not that...
Democracy is just not number one on
570
00:37:09,520 --> 00:37:11,160
list. It just isn't.
571
00:37:11,580 --> 00:37:14,420
It isn't. It's behind Christianity and a
few other things.
572
00:37:15,200 --> 00:37:21,860
And the Democrats, I mean, I read these
74 % are for democratic
573
00:37:21,860 --> 00:37:25,600
socialism. Only 16 % favor capitalism.
574
00:37:27,560 --> 00:37:33,000
Is this going to be a country that I
don't recognize in five to ten years if
575
00:37:33,000 --> 00:37:34,240
don't have these two pillars?
576
00:37:34,740 --> 00:37:37,280
I mean, where are the Democrats going
with this?
577
00:37:37,630 --> 00:37:43,590
If Mondami is the face of the Democrats
on the East Coast and Katie Porter is
578
00:37:43,590 --> 00:37:47,730
the face on the West Coast, I don't know
if that's great politically for that
579
00:37:47,730 --> 00:37:51,890
party. It could be quite fun. No. I
mean, there is a challenge, right? Kids
580
00:37:51,890 --> 00:37:53,970
don't like capitalism.
581
00:37:54,510 --> 00:37:57,870
And I think a lot of it has to do with
social media, the clickbait, right?
582
00:37:58,610 --> 00:38:02,750
Rage bait works better in social media
and gets more people's attention.
583
00:38:04,390 --> 00:38:08,070
Mondami is out there saying, you're
getting free housing, you're getting
584
00:38:08,070 --> 00:38:10,030
transportation, you're getting cheaper
groceries.
585
00:38:10,670 --> 00:38:14,170
I mean, of course, that's what they
need, particularly in New York, and
586
00:38:14,170 --> 00:38:15,710
what they're going to respond positively
to.
587
00:38:16,010 --> 00:38:17,590
Is there any way that can work?
588
00:38:18,010 --> 00:38:20,050
No. No, of course not. No!
589
00:38:20,770 --> 00:38:23,710
Look, we have a financial... We have a
financial...
590
00:38:24,110 --> 00:38:26,330
literacy problem in America.
591
00:38:26,730 --> 00:38:31,150
But the financial literacy problem in
America is affecting the politics in
592
00:38:31,150 --> 00:38:34,370
America, which is that if you don't
understand that if you actually decide
593
00:38:34,370 --> 00:38:38,830
you think rent stabilization is going to
somehow increase the supply of
594
00:38:38,830 --> 00:38:44,050
apartments and homes in the country,
you've got it completely backwards.
595
00:38:44,050 --> 00:38:45,050
what happens is...
596
00:38:45,320 --> 00:38:48,480
The developers say, well, if they're
going to stabilize the rent in this
597
00:38:48,580 --> 00:38:51,780
we don't really want to be developing in
this town, in which case there's not
598
00:38:51,780 --> 00:38:55,200
going to be enough supply, in which case
it's going to cost more to rent your
599
00:38:55,200 --> 00:39:00,060
apartment. That's just the way it is.
And unless people understand that, when
600
00:39:00,060 --> 00:39:03,720
politician stands up and says, excuse
me, I'm over here, and I'm very happy to
601
00:39:03,720 --> 00:39:06,960
give you rent stabilization and the free
groceries and this and that, and then
602
00:39:06,960 --> 00:39:07,960
it doesn't happen.
603
00:39:08,270 --> 00:39:10,090
I think people are going to be in for a
surprise.
604
00:39:10,310 --> 00:39:14,110
But at the same time, I think Mondami's
great for the Democratic Party. You do?
605
00:39:14,290 --> 00:39:18,730
And I'll tell you why. Okay. Because
nobody... Okay, ready? Are you ready?
606
00:39:18,730 --> 00:39:23,250
ready. I'm ready. Because nobody in the
Democratic Party knows how to sell but
607
00:39:23,250 --> 00:39:27,870
him. Nobody in the Democratic Party
knows how to use social media but him.
608
00:39:28,090 --> 00:39:31,470
They will learn from him. Now, New York
may be fucked for four years, right?
609
00:39:31,770 --> 00:39:33,930
But they will learn from him.
610
00:39:35,530 --> 00:39:39,050
But seriously, right? Who in the
Democratic Party knows how to sell,
611
00:39:39,050 --> 00:39:41,670
to convey a message, knows how to commit
to people? Yeah, it depends what the
612
00:39:41,670 --> 00:39:42,670
message is, though.
613
00:39:42,690 --> 00:39:44,610
Look, we've been living through it. No,
but just know how to sell anyway.
614
00:39:44,890 --> 00:39:49,270
You know, if you gave a Democrat a
dollar bill and told him to sell it for
615
00:39:49,270 --> 00:39:53,230
cents, they wouldn't be able to do it.
Sure. Donald Trump is a fabulous
616
00:39:53,230 --> 00:39:54,590
communicator. He is.
617
00:39:54,850 --> 00:39:57,850
Right? He is. Look where it's gotten
him, right? You've got to learn from
618
00:39:57,850 --> 00:40:00,430
Yes, but I think you disagree with his
message, and that's my point. No, of
619
00:40:00,430 --> 00:40:04,390
course I do. So the fact that this guy
is a fabulous messenger.
620
00:40:05,070 --> 00:40:06,290
If you don't have the message.
621
00:40:06,630 --> 00:40:09,530
I'm not saying it's good for the city,
but what I'm saying is he's a little
622
00:40:09,530 --> 00:40:10,530
Donald Trump.
623
00:40:10,570 --> 00:40:11,850
You know, he's trying.
624
00:40:12,170 --> 00:40:16,890
Yeah, for sure. Always in a suit. He
could be anywhere. Bernie Sanders rolls
625
00:40:16,890 --> 00:40:17,990
his sleeves, wants to connect.
626
00:40:18,190 --> 00:40:23,190
Mondami's always in a suit. He's telling
you what you want to hear. He has a
627
00:40:23,190 --> 00:40:27,630
social media team that designs the
message, and it comes across geared
628
00:40:27,630 --> 00:40:31,770
Gen Z, geared towards even younger
people, and they're accepting it. That's
629
00:40:31,770 --> 00:40:36,210
of the reasons people want, young kids
want socialism, because of his ability
630
00:40:36,210 --> 00:40:39,710
sell, just like Donald Trump won because
of his ability to sell. I'm not going
631
00:40:39,710 --> 00:40:42,820
to compare. say you're wrong because I
don't know because I would not have
632
00:40:42,820 --> 00:40:46,360
guessed the Trump 10 years ago would be
where he is. I was watching this the
633
00:40:46,360 --> 00:40:50,280
Katie Porter thing. Do we have any
footage of Katie Porter this week having
634
00:40:50,280 --> 00:40:55,180
meltdown? Show that because I have a
question I would like to ask about that.
635
00:40:56,740 --> 00:41:00,140
I feel like this isn't necessarily
argumentative. I don't want to keep
636
00:41:00,140 --> 00:41:01,140
this. I'm going to call it.
637
00:41:01,240 --> 00:41:02,098
Thank you.
638
00:41:02,100 --> 00:41:06,900
And the state could lose You're out of
my fucking shot!
639
00:41:14,720 --> 00:41:20,840
I remember having Katie Porter on this
show, and we did not get along. I don't
640
00:41:20,840 --> 00:41:22,980
like her, and I found out nobody likes
her.
641
00:41:23,620 --> 00:41:25,100
And I think you see why.
642
00:41:25,500 --> 00:41:30,240
But that doesn't mean this isn't
effective. I mean, when it came out, the
643
00:41:30,240 --> 00:41:32,120
wave of stories where she's toast.
644
00:41:32,580 --> 00:41:36,240
I don't know. First of all, I got to
ask, what was that person doing in the
645
00:41:36,240 --> 00:41:37,240
shot?
646
00:41:37,600 --> 00:41:40,760
I mean, that's not how I would talk to
my staff.
647
00:41:40,980 --> 00:41:44,740
No. But that is what I would be thinking
is, what are you doing in my fucking
648
00:41:44,740 --> 00:41:45,740
shop?
649
00:41:46,800 --> 00:41:52,900
In this world, in this new age we're in,
I'm not so sure this... Because you
650
00:41:52,900 --> 00:41:54,520
think it looks like it's a truth
-telling situation.
651
00:41:54,800 --> 00:41:57,620
You go, oh, there's a real person. And
it looks like, I think it, like, Trump
652
00:41:57,620 --> 00:42:01,480
reflects the frustration that people
have and the anger that they sometimes
653
00:42:01,480 --> 00:42:05,440
have. This reflects, I think, the, you
know what?
654
00:42:06,259 --> 00:42:07,820
Nobody's doing their goddamn job.
655
00:42:08,280 --> 00:42:13,420
And I've had it up to here, and I'm not
going to fake it anymore.
656
00:42:13,660 --> 00:42:15,560
People don't like faking anything.
657
00:42:15,880 --> 00:42:19,060
This is a new age of politics. I think
she's auditioning for Horrible Bosses 3.
658
00:42:19,220 --> 00:42:20,220
I agree.
659
00:42:21,000 --> 00:42:23,900
I don't know that it conveys any votes.
660
00:42:24,960 --> 00:42:27,200
I'm going to throw here in the following
way.
661
00:42:28,380 --> 00:42:33,240
We're all trying to comport ourselves
into a way where we look like we're a
662
00:42:33,240 --> 00:42:34,038
certain thing.
663
00:42:34,040 --> 00:42:38,040
And when people see that, they go,
there's something that feels real about
664
00:42:38,140 --> 00:42:41,580
Because I'm sure you've been in
interviews where you've been like, F
665
00:42:41,580 --> 00:42:44,120
person. Oh, of course. I can't believe
they're asking me these questions. I
666
00:42:44,120 --> 00:42:46,160
to get out of the chair. Hey, I'm
sitting right here.
667
00:42:56,510 --> 00:43:01,190
If her employees didn't say she was
awful, you would be right. Because no
668
00:43:01,190 --> 00:43:04,810
goes to work and wants to be shit on.
And when you see a boss be shitting on
669
00:43:04,810 --> 00:43:08,090
their employees, I don't think it works
for them. That's not a good sign. I just
670
00:43:08,090 --> 00:43:11,990
think it's an angry country full of
assholes. And, you know, it's like, hey,
671
00:43:11,990 --> 00:43:18,730
of us. One of us. But I got to ask
about... I'll
672
00:43:18,730 --> 00:43:23,030
probably see you tomorrow at the No
Kings thing, but...
673
00:43:26,460 --> 00:43:30,360
I mean, what is going on? Caroline
Leavitt, as I mentioned in the
674
00:43:30,400 --> 00:43:32,240
this is the president's spokesperson.
675
00:43:32,760 --> 00:43:36,560
This is not just somebody at the end of
the bar.
676
00:43:36,900 --> 00:43:41,580
This is not just somebody ranting on
social media.
677
00:43:42,180 --> 00:43:47,780
The Democratic Party's main consensus is
made up of Hamas terrorists, illegal
678
00:43:47,780 --> 00:43:50,010
aliens, and violent... criminals.
679
00:43:50,290 --> 00:43:53,870
I mean, I see where the seed of all this
comes from. Hamas terrorists, yes,
680
00:43:54,030 --> 00:43:59,470
idiot college students, youthful idiots
who've been out there and were out there
681
00:43:59,470 --> 00:44:02,490
demonstrating for the wrong people.
Okay.
682
00:44:02,910 --> 00:44:04,150
Illegal aliens, yes.
683
00:44:05,130 --> 00:44:09,370
Biden had a terrible border policy.
Violent criminals, yes, did too much of
684
00:44:09,370 --> 00:44:14,670
that. But the Democratic Party's main
constituency, and this is what the no
685
00:44:14,670 --> 00:44:19,500
kings thing is about, if people are
wondering, is that it looks to me Like,
686
00:44:19,500 --> 00:44:23,640
either they really believe this, which
is insane, or they are just always
687
00:44:23,640 --> 00:44:29,680
looking for a pretext to say, to let the
other side take over this country is
688
00:44:29,680 --> 00:44:34,340
just unthinkable. I mean, if you really
believe this, I would vote for a right
689
00:44:34,340 --> 00:44:39,500
-wing coup if I really thought half the
country was Hamas terrorists, illegal
690
00:44:39,500 --> 00:44:41,100
aliens, and violent criminals.
691
00:44:41,660 --> 00:44:45,180
What do we do about that? They're not
taking the Governor Schwarzenegger
692
00:44:45,180 --> 00:44:46,800
approach to trying to bring people
together.
693
00:44:49,020 --> 00:44:51,260
I think
694
00:44:51,260 --> 00:44:58,240
they're signaling to all right -wing
media. That's what
695
00:44:58,240 --> 00:45:02,440
they do really well. The top creates the
rage bait, and then all the right -wing
696
00:45:02,440 --> 00:45:06,760
podcasters and all the right -wing news
sources, they go and get in alignment
697
00:45:06,760 --> 00:45:07,760
with the same thing.
698
00:45:07,840 --> 00:45:10,760
That's what they're really good at, you
know, rage farming.
699
00:45:11,370 --> 00:45:15,330
But it looks to me like they are looking
for a pretext always.
700
00:45:15,950 --> 00:45:21,550
The sending the troops to Portland and
Chicago and now this thing that's going
701
00:45:21,550 --> 00:45:26,390
on tomorrow. I think they're rooting for
violence because when violence happens,
702
00:45:26,470 --> 00:45:31,090
then it gives you the pretext to then
send in more troops. And they've already
703
00:45:31,090 --> 00:45:34,130
shown they're already shown that they
will.
704
00:45:34,640 --> 00:45:36,580
absolutely not concede elections.
705
00:45:36,860 --> 00:45:40,100
Trump still has not publicly conceded
the 2020 election.
706
00:45:40,300 --> 00:45:44,380
So, like, when you have this, if this is
really the state of the country, I can
707
00:45:44,380 --> 00:45:47,220
see we have to cancel the next election.
708
00:45:47,420 --> 00:45:49,100
There's just too much unrest.
709
00:45:49,380 --> 00:45:54,480
We'll get back to elections, but we have
to... Once we get things safe. Once we
710
00:45:54,480 --> 00:45:58,740
get things safe. This is what this looks
like. Or at least they have earned the
711
00:45:58,740 --> 00:46:00,060
suspicion. Oh.
712
00:46:00,540 --> 00:46:04,830
And I imagine you think six months
before the next election, There will be,
713
00:46:04,830 --> 00:46:08,170
know, a blue ribbon panel that will be
announced to look into, you know,
714
00:46:08,170 --> 00:46:10,830
election integrity as they delay the
election for 12 months.
715
00:46:11,390 --> 00:46:12,770
Blue ribbon panel?
716
00:46:13,050 --> 00:46:15,810
Oh, it'll be chaired by Pam Bondi.
717
00:46:17,470 --> 00:46:17,950
I
718
00:46:17,950 --> 00:46:24,950
don't think
719
00:46:24,950 --> 00:46:26,890
this crowd is big on blue ribbon panels.
720
00:46:28,370 --> 00:46:30,150
Blue ribbon bake -offs, maybe.
721
00:46:31,980 --> 00:46:36,700
But the through line on all of these
things is one thing. It's leverage.
722
00:46:37,000 --> 00:46:40,220
And I'm not talking about leverage. We
were talking about 1929. I'm talking
723
00:46:40,220 --> 00:46:44,200
about leverage over other people. That's
what all of this is about, right?
724
00:46:44,500 --> 00:46:46,920
Whether you're standing in the National
Guard, that's about leverage. Whether
725
00:46:46,920 --> 00:46:49,880
you're going after the law firms or
going after the universities, that's
726
00:46:49,880 --> 00:46:52,840
leverage. Whether you're going after
certain countries with tariffs, that's
727
00:46:52,840 --> 00:46:56,780
about leverage. That is what, that's the
single piece of the whole thing. No one
728
00:46:56,780 --> 00:47:00,000
knows how to use leverage better than
Donald Trump.
729
00:47:00,460 --> 00:47:05,480
What it's about is hanging on to power
by making it a case that it is an
730
00:47:05,480 --> 00:47:11,680
existential necessity for our side to
hold on to power because this other side
731
00:47:11,680 --> 00:47:14,860
is, I mean, they... Don't you want safer
streets?
732
00:47:15,080 --> 00:47:16,980
Right? I mean, that's the whole pitch.
733
00:47:17,320 --> 00:47:18,760
Safer streets, one thing.
734
00:47:19,080 --> 00:47:23,160
But they actually are saying that
there's a whole left -wing organized
735
00:47:23,160 --> 00:47:25,540
movement. And it's not organized.
736
00:47:25,920 --> 00:47:30,300
And it's not as bad as it was in the
early 70s with the Weathermen bombings.
737
00:47:30,460 --> 00:47:37,180
It's not even like 2020 with the George
Floyd riots. But if you
738
00:47:37,180 --> 00:47:41,300
make that case that this country is off
the hinges, then somebody's got to step
739
00:47:41,300 --> 00:47:44,800
in. All right, I've got to step out.
Thank you, guys. Time for New York.
740
00:47:51,890 --> 00:47:52,890
Okay.
741
00:47:55,010 --> 00:47:59,450
Neural, now that Rite Aid has officially
closed all its locations, they have to
742
00:47:59,450 --> 00:48:02,570
tell us what's going to happen to each
store's one employee.
743
00:48:11,090 --> 00:48:12,710
Because I kind of liked her.
744
00:48:15,920 --> 00:48:20,360
Not just the lack of eye contact, but
also the sneering disdain for having to
745
00:48:20,360 --> 00:48:23,420
her job of having to wait on you.
746
00:48:24,460 --> 00:48:26,800
You know what, on second thought, bring
on the robots.
747
00:48:27,060 --> 00:48:28,680
I was wrong about that.
748
00:48:33,280 --> 00:48:37,780
No, the people complaining about bio
-baiting, which is where people on
749
00:48:37,780 --> 00:48:42,500
apps purposely oversell themselves and
accentuate their good qualities, have to
750
00:48:42,500 --> 00:48:44,900
tell us, as opposed to doing what?
751
00:48:54,510 --> 00:48:56,610
Who is going to tell you the worst about
themselves?
752
00:48:57,450 --> 00:49:01,990
Late sleeper whose lacks on hygiene
enjoys noisy dinners and short walks
753
00:49:01,990 --> 00:49:03,010
anywhere but the beach.
754
00:49:04,790 --> 00:49:07,030
And don't get me started on the herpes.
755
00:49:14,290 --> 00:49:19,950
No, Foster Farms, who just recalled
millions of pounds of their frozen corn
756
00:49:19,950 --> 00:49:22,090
because they contained extraneous
material.
757
00:49:24,170 --> 00:49:27,550
Have to tell us, what's extraneous
material in a corn dog?
758
00:49:30,870 --> 00:49:31,870
Actual meat?
759
00:49:35,430 --> 00:49:41,550
Hey, stay in your lane, corn dogs. You
have one job and one job only, to create
760
00:49:41,550 --> 00:49:44,030
unfortunate photos of presidential
candidates.
761
00:49:53,680 --> 00:49:58,700
People now complaining that Bad Bunny
shouldn't headline the Super Bowl
762
00:49:58,700 --> 00:50:02,960
show because he speaks Spanish have to
admit that when Kendrick Lamar
763
00:50:03,080 --> 00:50:05,600
you had no idea what the fuck he was
saying either.
764
00:50:15,940 --> 00:50:20,000
Newell, someone needs to explain what
the point is of leaving a review of an
765
00:50:20,000 --> 00:50:21,000
airport.
766
00:50:24,010 --> 00:50:28,110
Look, LadyPosh98 says the food court
doesn't have enough vegan options. I
767
00:50:28,110 --> 00:50:30,150
we won't fly to see grandma ever again.
768
00:50:36,690 --> 00:50:41,870
Well, airports aren't supposed to meet
your needs. They're purgatories with a
769
00:50:41,870 --> 00:50:42,870
penned express.
770
00:50:44,170 --> 00:50:48,050
You don't go because they're good. You
go because that's where the plane is.
771
00:50:55,440 --> 00:50:59,480
New Rule, if you think your job is just
to tell people what they want to hear,
772
00:50:59,660 --> 00:51:00,660
you're not a journalist.
773
00:51:00,940 --> 00:51:02,040
You're a wedding DJ.
774
00:51:04,760 --> 00:51:09,800
For years, I've complained about the
media only telling half the story, lying
775
00:51:09,800 --> 00:51:13,300
omission when they leave out the part
that doesn't feed their narrative.
776
00:51:13,660 --> 00:51:17,680
A couple of weeks ago, Fox News and the
New York Post committed the clearest
777
00:51:17,680 --> 00:51:19,360
example of this I've ever seen.
778
00:51:19,950 --> 00:51:24,310
when they described my editorial of
September 26, where I called for a grand
779
00:51:24,310 --> 00:51:29,510
bargain between the far left and the far
right, but completely left out the far
780
00:51:29,510 --> 00:51:30,510
right part.
781
00:51:30,810 --> 00:51:35,870
The post headline was, Bill Maher calls
for a return to old America, tells left
782
00:51:35,870 --> 00:51:40,650
to scale back radical ideology, smug
self -righteousness, all of which is
783
00:51:40,750 --> 00:51:43,530
I said that, and I stand by it. But I
thought...
784
00:51:43,790 --> 00:51:47,150
Shouldn't you have also put the other
half of what I said in your headline?
785
00:51:47,410 --> 00:51:49,810
Well, I guess you'll get to it in the
article.
786
00:51:58,270 --> 00:52:02,290
But you didn't do that either, you
fucking liars.
787
00:52:12,910 --> 00:52:16,630
the right like disappearing people now,
but I'm not going to let you disappear
788
00:52:16,630 --> 00:52:17,630
my point.
789
00:52:17,970 --> 00:52:22,130
And this is what happens after every
show. And not just on Fox News and not
790
00:52:22,130 --> 00:52:23,130
on the right.
791
00:52:23,430 --> 00:52:28,370
Ironically, because the blue sky crowd
hates me for calling them out on, yes,
792
00:52:28,470 --> 00:52:29,570
their voluminous bullshit.
793
00:52:30,430 --> 00:52:34,790
They also will sometimes just print my
critique of the left because they want
794
00:52:34,790 --> 00:52:38,190
people to think I'm a conservative. You
are fucking liars too.
795
00:52:46,510 --> 00:52:47,388
Here's a test.
796
00:52:47,390 --> 00:52:49,690
Let's see who reports what I'm saying
now.
797
00:52:51,230 --> 00:52:52,230
No.
798
00:52:54,010 --> 00:52:55,010
No.
799
00:52:58,930 --> 00:53:03,350
No, they won't because it's just so easy
not to. If a truth falls in the
800
00:53:03,350 --> 00:53:05,030
algorithm, does it make a sound?
801
00:53:07,870 --> 00:53:12,910
The Fox News New York Post piece even
went so far as to giddily recount all
802
00:53:12,910 --> 00:53:14,510
places I carved up the woke.
803
00:53:15,050 --> 00:53:19,390
and then have the balls to write,
wrapping up his monologue, Marr warned
804
00:53:19,390 --> 00:53:23,810
liberals that if they keep pushing
radical progressive policies, those in
805
00:53:23,810 --> 00:53:25,330
may never give that power back.
806
00:53:25,650 --> 00:53:30,550
Yeah, I said that, and I believe that.
But that's not how I wrapped up my
807
00:53:30,550 --> 00:53:32,970
monologue. Look, I have it here.
808
00:53:35,050 --> 00:53:36,190
I have it.
809
00:53:41,650 --> 00:53:43,090
That sentence...
810
00:53:43,610 --> 00:53:47,230
Came here, top of page two. What about
this part?
811
00:53:48,070 --> 00:53:51,970
The part that starts with, which brings
me to my friends on the right.
812
00:53:52,290 --> 00:53:53,690
What happened to that part?
813
00:53:53,910 --> 00:53:55,450
Here, let me read a chunk to you.
814
00:53:55,790 --> 00:54:00,950
To my friends on the right, I say, an
authoritarian police state is not going
815
00:54:00,950 --> 00:54:01,950
work for you either.
816
00:54:02,090 --> 00:54:06,350
Do you know what a drag it is to
actually have to run a police state?
817
00:54:06,350 --> 00:54:11,010
half the population is seething while
all the time you know down deep.
818
00:54:11,400 --> 00:54:15,040
that they're right about America
becoming something it never was and
819
00:54:15,040 --> 00:54:15,979
should be.
820
00:54:15,980 --> 00:54:17,340
What happened to that part?
821
00:54:17,700 --> 00:54:20,380
I don't want a retraction from you. I
want an addition.
822
00:54:31,340 --> 00:54:35,980
Leaving that part out would be like
reviewing the movie Jaws and saying, it
823
00:54:35,980 --> 00:54:38,340
with three men who go fishing but don't
catch anything.
824
00:54:48,560 --> 00:54:52,620
Now, I know why you do this, short
answer, because you're cowards. Because
825
00:54:52,620 --> 00:54:56,600
know if you print the part that
challenges your audience, you will get
826
00:54:56,600 --> 00:55:00,760
tweets and texts, not to mention dirty
looks at the Lee Greenwood concert.
827
00:55:03,400 --> 00:55:09,260
But, you know, there is a new spirit
taking hold in the media, and I think in
828
00:55:09,260 --> 00:55:14,020
the country itself, a spirit of, let's
cut the bullshit on both sides, shall
829
00:55:14,590 --> 00:55:18,850
And I'm proud this show has been a part
of fostering that. Why don't you jump on
830
00:55:18,850 --> 00:55:22,810
the bandwagon? Because the model you're
working now isn't making you or your
831
00:55:22,810 --> 00:55:28,410
readers look good. If you need every
story in your feed to be my team wins,
832
00:55:28,410 --> 00:55:32,970
here's why my side is the good one,
you're weak and deliberately keeping
833
00:55:32,970 --> 00:55:35,690
yourself ignorant. And yes, that goes
for both sides.
834
00:55:45,370 --> 00:55:49,990
Conservatives, I thought you were the
strong people who laughed at safe
835
00:55:50,570 --> 00:55:57,270
But you can't even read what I really
said unless mommy promises you it has a
836
00:55:57,270 --> 00:55:58,270
happy ending.
837
00:55:58,950 --> 00:56:04,010
Guys, we may not be heading for a happy
ending. And one reason is you keeping
838
00:56:04,010 --> 00:56:09,510
people in their information ghettos,
which fosters hate and division and
839
00:56:09,510 --> 00:56:12,270
you nothing more than a human algorithm.
840
00:56:13,180 --> 00:56:18,540
And algorithms are as much as anything
what keeps this country so fucked up. I
841
00:56:18,540 --> 00:56:21,640
can't tell you exactly how they work
because I'm not a virgin.
842
00:56:27,940 --> 00:56:34,640
And I'm not a Bond villain who's on the
spectrum.
843
00:56:37,040 --> 00:56:41,840
I know it's an evil gremlin that lives
inside our phones and that it knows what
844
00:56:41,840 --> 00:56:46,780
you watch, what you like, what you
click, what you buy, what you jerk off
845
00:56:46,960 --> 00:56:49,620
what you comment on.
846
00:56:50,440 --> 00:56:52,760
It knows all that and then it owns you.
847
00:56:53,100 --> 00:56:56,940
If you like it and love it, it gives you
more of it. And so you become a very
848
00:56:56,940 --> 00:57:00,580
boring, intellectually stunted,
predictable person.
849
00:57:01,640 --> 00:57:04,320
The good news is I have a way to break
out of this.
850
00:57:04,800 --> 00:57:07,700
No, not by throwing your phone away. No
one would do that.
851
00:57:08,200 --> 00:57:09,500
But there's a better way.
852
00:57:10,080 --> 00:57:11,520
Fuck with the algorithm.
853
00:57:12,280 --> 00:57:13,280
Fuck with it.
854
00:57:13,600 --> 00:57:14,600
Stop.
855
00:57:20,180 --> 00:57:25,740
Yeah. Stop letting it pigeonhole you.
It's so easy. Just click on something
856
00:57:25,740 --> 00:57:26,860
normally wouldn't.
857
00:57:28,180 --> 00:57:31,580
If you're a liberal, search for Morgan
Wallen tickets.
858
00:57:39,240 --> 00:57:41,560
Order a set of shot glasses that looks
like a rifle.
859
00:57:43,460 --> 00:57:47,360
Ask Google how to reattach a finger
after a bottle rocket accident.
860
00:57:50,660 --> 00:57:56,620
And if you're a conservative, go to a
site that recaps the latest episode of
861
00:57:56,620 --> 00:57:58,140
RuPaul's Drag Race.
862
00:58:01,980 --> 00:58:06,860
Order a black lady church hat on Amazon.
863
00:58:09,900 --> 00:58:12,060
the Ruth Bader Ginsburg Halloween
costume.
864
00:58:13,100 --> 00:58:17,020
And soon enough, your algorithm will
start treating you like a more well
865
00:58:17,020 --> 00:58:21,100
-rounded, open -minded person, and who
knows, then maybe you'll actually become
866
00:58:21,100 --> 00:58:24,360
one. All right. Thank you very much,
ladies and gentlemen. That's our show.
867
00:58:24,580 --> 00:58:29,540
I want to thank Andrew R. Sorkin, Mark
Cuban, and Arnold Schwarzenegger. Club
868
00:58:29,540 --> 00:58:32,500
Random drops every Monday on YouTube.
It's awesome this year.
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00:58:32,740 --> 00:58:34,240
Listen whenever you get your podcasts.
870
00:58:34,540 --> 00:58:36,760
Don't go watch Overtime on YouTube.
Thank you.
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