Episode Transcript
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Speaker 1 (00:00):
Hey, guys, ready or not, twenty twenty four is here,
and we here at breaking points, are already thinking of
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Speaker 2 (00:15):
Coverage that is possible.
Speaker 1 (00:16):
If you like what we're all about, it just means
the absolute world to have your support.
Speaker 2 (00:20):
But enough with that, Let's get to the show. Hey guys,
good morning.
Speaker 1 (00:24):
Had a whole bunch of tech issues which I can
not do a full show for you, but I did
want to bring you some updates on the one Big
Beautiful Bill, and in particular on Trump and Elon back
at full blown war against each other. The very latest
of this morning is Trump is now floating deporting Elon Musk.
(00:47):
So he got asked about this by a reporter and
he said, I don't know. We'll have to take a
look about deporting him. We might have to put Doge
on Elon. You know what Doge is. Doge is the
monster that he might have to go back and eat Elon.
Ask further about Elon, he said he's upset that he
is losing the eed mandates, he can lose a lot
(01:09):
more than that. So that's the very latest this morning.
But this comes you guys know the backstory here. Of course,
Elon is Trump's biggest supporter, comes in dogeous like this
tremendous disaster, completely unpopular, Elon himself becomes politically toxic, and
he starts aggressively criticizing Trump over this one Big Beautiful
(01:31):
Bill in particular, there were other things as well, In
particular the NASA guy that Elon wanted, Trump pulls him.
So Elon goes completely nuclear. He'll remember, he accused Trump
of being an Epstein pedophile, sort of walk that back.
Also said that Trump was going to destroy the economy
cause a recession. Also said that Elon himself was the
(01:52):
only reason that Trump won, which that was an interesting comment.
So after that all happened and Elon kind of walks
things back a little bit. He's been read relatively quiet.
Now he's gone back in on the one Big Beautiful
Bill and has been aggressively criticizing it. So he said this,
if this insane spending bill passes, the America Party movie
(02:13):
before the next day. So now Eland once again actively
threatening to create this third party. Now if he does it,
do I think it's going to be particularly impactful. No,
but you have to keep in mind when you have
this very evenly split fifty to fifty kind of a system.
If you have that party take even let's say, five
(02:34):
percent of the vote, this becomes a big problem for Republicans.
And Lord knows, Elon's got all money on the planet
to do whatever he wants with it. Which is interesting
as well, because Trump is threatening a primary challenge against
Thomas Massey looking for a candidate. By the way, the
cannon's so looking at our complete and total psychos. Not
(02:54):
that Thomas Massey and I are aligned, but at least
respect to the fact that he has some principles, is
willing to stand up for himself and his values.
Speaker 2 (03:01):
Trump is funding a primary challenge against him.
Speaker 1 (03:03):
Elon has now come in and said he is going
to back Thomas Massey in that site, so directly taking
on Trump in this one race that is becoming a
sort of a focal point. Trump has also hit back
at Elon. He said, Elon must knew long before he's
so struggling and joins me for president, that I was
(03:24):
struggling against the ev mandate.
Speaker 2 (03:26):
It's ridiculous was always a major part of my campaign.
Speaker 1 (03:28):
Electric cars are fine, but not everyone should be forced
to own one.
Speaker 2 (03:31):
No one was being forced.
Speaker 1 (03:32):
Whatever, Elon may get more subsidy than any human being
in history by far.
Speaker 2 (03:37):
Well, that might actually be true.
Speaker 1 (03:39):
Between Tesla and SpaceX and all of the massive government contracts,
there's no doubt. I mean actually, under Obama he helped
to rescue both Tesla and SpaceX and moved the space
program away from being you know, house inside the government
to private contractors. I eat, SpaceX and Elon Musk. So
there is some truth to what Trump is saying here.
(04:00):
In any case, he says he may get more subsidy
than any human being in history by far. Without subsidies,
Elon would probably have to close up shop, head back
home to South Africa, no more rocket launches, satellites or
electric car production, and our country would save a fortune.
Perhaps we should have doge to get a good heart.
Look at this big money to be saved, That is
(04:22):
what Trump is saying. So they are back at full
on war. Maybe Elon is going to tell us more
about what he said before about the Epstein files and
how Trump was in them. Not that literally anyone should
have been surprised by that, since you have Jeffrey Epstein
out there saying, Hey, me and Donald Trump, we were
besties for a full on decade.
Speaker 2 (04:41):
We've got pictures, we know he was.
Speaker 1 (04:42):
On the Lilait to Express multiple times, so no one
should be completely shocked by this. However, you know, Elon,
they're really threatening to pull the pin. And it's been
interesting how originally how meek Trump was in the face
of Elon Musk, and how even after Elon said all
of that stuff, Yeah, he counseled Jane Vance to be diplomatic,
(05:04):
to not go aggressively against Elon. Trump really tried to
cool things down, and ultimately Elon does back up, and
now things have flared up again. I suspect this is
going to continue to be the dynamic where there's kind
of like a quiet period and then things explode because
you're talking about too gigantic narcissists who think they're like
the only people that matter in the entire world.
Speaker 2 (05:24):
So that is the Elon piece of this.
Speaker 1 (05:28):
There's a few other pieces that are really important to
note this morning, so just adapting you on where things are.
Speaker 2 (05:35):
This is eight fifty three.
Speaker 1 (05:36):
Am on Tuesday, morning is when I'm recording this July first,
and they've been voting in the Senate all night in
what they call a quote unquote vote rama on all
of these amendments to the one biggest beautiful bill. This
is like the longest vot rama in history or something
like that that I saw. And the way this works,
of course, is this bill has to get through the Senate,
(05:56):
which continues to be in doubt. Republicans can have ford
no Debacarty's going to vote for it. Republicans can afford
to lose three right now, they've got four in danger.
So Rand Paul is a no over deaths of concerns.
Tom Tillis is a no over a variety of concerns.
And I know they covered yesterday how he is just
(06:17):
he's not running for reelection and he is just going
full like nuclear on Trump in this bill, etc.
Speaker 2 (06:24):
So Tillis is a no. Ran Paul is a no.
That means you can lose one war.
Speaker 1 (06:28):
The two that are still out there are Susan Collins
and Lisa Murkowski, who are the quote unquote moderates in
the Republican caucus in the Senate. It looks like they're
going to work in particular on Lisa Murkowski. She represents Alaska.
They try to harve out these provisions in the bill
to basically buy her off, to say, the Medicaid cuts,
(06:50):
the food stamp cuts, they're not going to really apply
and Alaska. In the same way, the parliamentary who comes
in and says what things could be in the Reconciliationavielle
and what things can can't be in the reconciliation bill
said you can do this with regard to food stamps,
but not with regard to Medicaid. Why I don't know,
but in any case, so she's not getting all of
(07:10):
the car bounce that had originally been promised to her.
So I suppose her vote is still in doubt. This morning,
I've seen all sorts of talk from Jake Sherman and
others about she's haddling with John Thune and having this
meeting and the side office and people are gathering around her,
and she's got a patent paper.
Speaker 2 (07:25):
So I don't know what's going on there.
Speaker 1 (07:27):
But keep in mind, even if they get their votes
in the Senate, it still has to go back to
the House and they have to This is where it's
called a Reconciliation Bill. It has to be reconciled with
the House version, which is different from the Senate version.
The House version passed by one vote, one vote, so
(07:47):
it's squeaked by to start with. You have similar balancing
act going on in the House between quote unquote motors
you're concerned about the Medicaid cuts, concerned about the food
stamp cuts, and the HARDMA budget hawks who are concerned
about how much this is adding to the debt and
the deficit. The Senate version as war to the debt
(08:07):
and the deficit. Is my understanding. The House version in
any case, I don't know. I think ultimately they probably
figure out some way to get this through, that is
my guess. But you can understand why Republicans are not
excited to vote on this because it is so profoundly unpopular.
I mean, this legislation, it is truly insane. I've seen
(08:27):
other people describing it as effectively like committing national suicide,
because not only do you have this massive upward transfer
of wealth, possibly the largest upward transfer of wealth in history,
from the cuts to social safety net programs, and that
money being funneled directly to the top in the form
of a gigantic, gigantic.
Speaker 2 (08:48):
Tax cut to the top.
Speaker 1 (08:50):
So you have that dynamic going on, and then you
also have this attack on energy production at a time
when energy production has perhaps been more critical, and specifically
an attack on the new clean forms of energy production
that certainly seem like the direction of the future and
an area that China is investing massively in. They're already
(09:14):
kicking our ass in solar in particular, and this bill
would destroy our ability to innovate and to build in
terms of solar, in terms of wind. Also, the aforementioned
EV credits, so a lot of work has been done
to do EV battery development in the United States is
some of the successful work that actually did happen under
(09:35):
the Biden administration.
Speaker 2 (09:37):
This would cut all of that, So that's insane.
Speaker 1 (09:39):
And then the other piece that you layer on top
of this is a massive expansion of the police and
surveillance state, specifically in the form of huge funding moving
to ICE, expanding these private prison contracts for detention centers,
so you know the raids that we've been seeing home
depot and whatever.
Speaker 2 (09:58):
This would add so supercharged that.
Speaker 1 (10:01):
So you've got a tax kept for the rich, massive
cuts of the working class of the poor, and then
a huge expansion of the defense budget and the surveillance state.
So that's kind of There's a bunch of other stuff
with this bill too, but that's like the big picture
of what's in here.
Speaker 2 (10:16):
Low and behold, it is profoundly unpopular.
Speaker 1 (10:20):
Harry antin dis did a big piece breaking down the
approval rating of the bill on all the different polls
that are asked people the question, Hey, how do you
feel about this thing? It's underwater anywhere from like twenty
to thirty points, and with independence, it's.
Speaker 2 (10:37):
Underwater more than forty points. Again, not a surprise. Just
ask Steve Bannon.
Speaker 1 (10:44):
He's been warning about how incredibly unpopular this thing is
going to be. I think Republicans have just number one
decided that they're probably going to lose the House in
the midterm, so they've like it's sort of like a
lost cause at this point too. For Trump, as in
his first term, this giant tax cut is just a
(11:06):
massive priority for him, and it's something that really unites
the Republican caucus. They want to do this giant tax
cut for the rich, and so I don't think they're
going to be shaken off of that this is one
of the key promises that he made to his billionaire donors,
that this tax cut would get extended from the original
(11:26):
Tax Cut and Jobs Act that he passed in his
first administration. So this is a key priority for him.
He's not backing off of it. I think Republicans ultimately
will probably find some way to get it through, but
as of this morning, it is in doubt, and you
can see it's creating all kinds of all kinds of
tentions with him and Elon Musk and various parts of
(11:47):
the coalition. Last thing that I'll mentioned here is the
fact that there is polling that indicates that a lot
of Americans don't actually know what is in this bill,
which is a profound failure on the part of the
Democratic Party. You know, you've got Kirsten Jilibrand out there
who's too busy attacking zoron Mom Donnie in this incredibly
(12:08):
racist way to effectively communicate on any other issue.
Speaker 2 (12:13):
In fact, she has now declined.
Speaker 1 (12:15):
To do any other interviews because she can't figure out
how to I guess not be She's afraid of getting
asked about Zoran and doesn't know how to, you know,
keep the donor class happy and apac happy in particular
without apparently getting you know, being like just outrageously islamophobic
in her comments. So she's off the table. Not that
(12:37):
she's anything wonderful in terms of communicator to begin with,
but because you've have so many Democrats who are busy
attacking Zoran, Mum Donnie and focus on these other things,
you haven't had the messaging on.
Speaker 2 (12:50):
This bill really breakthrough. I mean.
Speaker 1 (12:52):
The other piece of this is that, of course there's
been a lot of focus on the fact that Trump
started a war with a ron so that has also
sucked up a lot of the oxygen the attention in
the room in terms of being able to tell people
what is in this bill. But very few people actually
even realize the dire cuts to Medicaid, the millions of
Americans who will be cut off of health insurance, cut
(13:13):
off of Medicaid that this bill entails.
Speaker 2 (13:16):
So it's very possible that.
Speaker 1 (13:18):
Even as bad as the polling is on it right now,
that after it passes, it gets even worse as people
realize just how damaging this thing is. You know, rural
hospitals are going to close, so many people are going
to lose health insurance, going to lose access to food stamps.
There's all sorts of things in here that are going
(13:38):
to cause problems for people. So it may be one
of those things where this horror show passes and then
people continue to realize just how horrible and politically toxic
it is. Again, largest upward transfer of wealth in history.
Republicans now at war with each other over this elon
and Trump fully back at it. And that's where we
(13:59):
are Plaza this morning,