July 28, 2022 • 37 mins
Buck flying solo today as Clay hits the links in the LIV golf tournament at Trump's course. We have a .9% GDP decline in Q2. The Biden Recession is official. The Monetary Bathtub Is Overflowing. Buck says, "It's cause and effect for you as an individual. Why isn't that clear at the government level as well?" Many economists say inflation is transitory; it will be persistent and tough, says Buck. White House: Good news, "recession" now means "strong economy"! Sen. Tom Cotton says, "Joe Manchin's 700-page trillion-dollar tax-and-spend bill is probably the longest suicide note in the history of West Virginia." JD Vance, Marine, author, Ohio Senate candidate, joins Buck to discuss the Biden Recession (e.g., our crumbling economy), Manchin's betrayal, and the kneecapping of American energy policy. Should Pelosi go to Taiwan? China is displeased. Zelensky and wife raise eyebrows by posing for glossy Vogue cover with famed photographer Annie Leibovitz as the war against Russia rages on -- and in some of their glamor photos is used as the desolate, destroyed backdrop.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Welcome to today's edition of the Clay Travis and Buck
Sexton Show podcast. Welcome on in everybody to the Clay
Travis and Buck Sexton Show. Buck is in solo today.
I guess I was speaking the third person there for
a second, but you will not be here and from
my Ston co host at least a little later in
the program, as he is out on the golf course today.
(00:24):
He is playing in the live program out in Bedminster,
So he's on the golf course. But I'm holding down
the fort and we got a lot of news today.
Of course, the biggest thing is the recession that is here.
I think we're we're gonna break this down for you.
(00:44):
We've also got Mansion pulling a last minute move to
save the Democrats Bacon, saving their butts from what's really
coming their way with this mid term elect So we
got Joe Mansion striking a last minute deal that they're
gonna say is anti inflationary, which is your guarantee that
(01:10):
the spend and tax provisions will hurt the economy and
be inflationary. But Joe Biden, I'm sorry, but Joe mentioned
brings home something for his state of West Virginia in
the package. I'm sure very transactional that fellow is and
Joe Biden gets to pretend that some piece of build
(01:33):
back better is actually going through and going to make
a difference here for people that are realizing, oh, the
economy is not good. The tale of to Joe's today
mansion and Biden. I think Biden is supposed to give
remarks here as I'm on the air, will discuss what
he says if it's worth hearing. I mean, I can
(01:54):
tell you right now it's gonna be her heart's good.
It's well on the right track. No, not a joke,
Not a joke, middle class, middle out, top down, left
or right, do the hokey pokey and turn it all
around up and down with the economy. You know whatever
he's gonna say, some nonsense. He is going to try
(02:16):
to redefined. He's going to redefine the recession term that
we all know has been used in common parlance for
how many years now of the last ten recessions, as
we've discussed with you, when they have had two two
quarters of negative growth, what have they said? It is
(02:39):
a recession. And yet now we're going to have the
regime media circle the wagons do everything in their power
to say, well, it's really complicated. It's really complicated right now.
You can't just nail it all down. So we will
discuss all of that. Plus, he got Pelosium maybe going
(03:00):
to China. I'm sorry to Taiwan, pardon me, and China
very upset about that. So Pelosi heading to Taiwan possibly,
and the Chinese Communist Party saying some pretty aggressive, pretty
bellicost things about that visit. Of course, China maintains that
Taiwan is a part of China, and the Free World says,
(03:22):
not so fast. But we're not as clear on this
as it seems we should be, as in what would
we do if China made a move on that island?
We will have that. And oh, we've also got jd
Vance joining us in a little bit. Sen at candidate
in the great state of Ohio and Carrie Lake, who
is in the mix for the gubernatorial race in Arizona.
(03:46):
Two great candidates would do really good things in those
respective jobs. So I mean we're racked in stack today, folks.
Got a if I have time, will also discuss more
of the crime situation. Ron to Santist down in Florida,
saying that ESG is going to get a rethink and
a rejection in his state. So we'll talk about that environmental,
(04:11):
social and governance criteria wokeness for corporations on a scale, folks,
that's what ESG is. Let's just dive in for a
moment here, before we get to the Joe Mansion, last
minute deal to have some piece of the Biden agenda
go through at a time when there's it's just reckless, folks.
(04:33):
It's obviously a bad idea, and yet nobody seems to
care about what the main economic indicators, at least none
of the Democrats seem to care about this. The FED chair.
I mean, it's a tough day. What does the Fed
exist to do? What are they supposed to be getting
done as their primary you know, you know the thing.
(04:54):
You know, you had one job. What's the feds one job?
It's really to manage inflation, that's the primary thing. Have
they done a good job of that? Does anybody think
that the Fed looks like they're on it looks like
they've known what's going on here? No, if anything, politics
have been driving so much of the economic decision making
in a reckless, in an irresponsible fashion, and This was
(05:17):
true during the pandemic when we had you got to
know some of these numbers. It's jaw dropping when you
really start to pull it all to piece it all together.
Between twenty nineteen and August twenty twenty one, this was
in the Wall Street Journal, the US money supply grew
by five point five trillion dollars. That is a thirty
(05:40):
five percent increase in the money supply in a year
and a half. And this was mostly driven by the
Fed's purchases of treasuries and mortgage backed securities. So by
the end of twenty twenty four, their journal estimates the
money supply will grow another five trillion. We are running
(06:02):
an experiment to see how quickly we can get inflation
to go in the wrong direction. Or we have been
running that experiment until they finally started bringing rates up,
and now we're in for the pain. This is all
cause and effect. You know, if you run up credit
card bills, if you spend too much money on a
credit card. In the beginning, it's great, You're like, I'm
(06:24):
just look at me. I've got a new Jet Ski,
I've just bought a whole bunch of new golf clubs.
I've got you know whatever it is right, and it
can feel like, well, that's not anything to worry about
because it just goes on my credit card. But yeah,
then you have to start paying the balance down. And
if you don't do that, then you have to start
dealing with the twenty percent or twenty nine percent APR
(06:47):
or whatever it is. It's how people really get behind
right as you know, first thing you want to pay
down as high interest, high interest things like credit cards
whenever you can. But a lot of people are going
to be running up those credit card bills right now
because of the overall trajectory of the economy. But it's
caused an effect for you as an individual. Why isn't
that clear at the government level as well. You print
(07:09):
too much money, you're gonna have inflation. Some of us
were saying, including me, you can't shut down your economy
because there's a virus out there that you're not going
to stop anyway. You can't just send people checks to
stay home. There's going to be a hangover from this.
Welcome to the hangover. You can't just spend two trillion
(07:32):
dollars as Joe Biden did right off the bat when
he comes into office, In addition to I just told
you about the trillions that were spent to expand the
monetary the money supply, what do they think was going
to happen? That's what I really want to ask some
of these people. Well, I want to ask you, jar
own Pal. I want to ask some of these experts,
what exactly did you think the result was going to be?
(07:56):
You thought it wouldn't be this. Remember, they thought inflation
was going to be They told us inflation would be transitory,
and that was absurd. They've also been saying for months
now and up until the last few days, there won't
be a recession. We are in a recession, and I
don't think it's going to be a quick one. I
think it's going to get ugly out there in the
(08:17):
economy for at least twelve d eighteen months. It's gonna
be a lot of economic suffering. Is gonna be job losses.
You're probably heading into the stagflation that we saw in
the seventies and the early eighties. This was preventable, but
there were people in charge who made really bad decisions.
And that's the part of this that there has to
be accountability for. And they're doing everything they can right now.
(08:40):
I mean the spin you will feel you're gonna get
dizzy from it. You're gonna get dizzy from it. Oh,
it's not really a recession. Oh, this is just we're
on the right path. What does the wrong path feel like?
Someone should ask Joe Biden that if this is the
right path, what is the wrong path? How does that look?
Fifteen sent inflation, twenty percent inflation? I think, you know,
(09:03):
if we turn into Venezuela, I think we're all going
to realize that we're on the wrong path. But what
are our expectations? Biden told us that he would shut
down shut down the virus. He would not shut down
the economy, which one of those feels like it's been
more shut down exactly. You go. FED Chairman Jerome Powell.
(09:25):
He is trying to tell everybody that he's not about
to get into the definitions of this. They don't make
a judgment on that. But you know, there's some good stuff.
The FED doesn't make a judgment on that. You know,
we're focused on the dual mandate and using our tools
to achieve maxim employment and price stability. We don't we
don't say there is now a recession that kind of thing,
so that that wouldn't be something we do. What a
(09:46):
recession really is, it's a broad based declient across many
industries that you know that sustained for more than a
couple of months, and there are a bunch of specific
tests in it, and it just doesn't This doesn't seem
like that. Now, what we have right now doesn't seem
like that. And the real reason is that the labor
market is just sending such a signal of economic strengths
(10:07):
that it makes you really question the GDP data. But again,
that's not a decision that we that we make, and
we won't. We won't reach a conclusion one way or
another one that they keep telling us how great the
labor market is. I come across individuals all the time
who are saying they can't get people to do jobs
and so they're limited in their productivity. Everything from people
(10:28):
in aerospace and defense to restaurants to you know, operating
your local department store or drug store or whatever. They
can't get workers. This is this is how the great
labor market is supposed to be operating. And then you say, well,
shouldn't they just pay them more they'll get them, Well,
they say, they can't. There are supply chain disruptions. They've
already had to raise prices. In fact, they're raising prices
(10:49):
some of the biggest companies in the world. There was
a big piece earlier the week, earlier this week in
the journal about that too. They're just going to pass that.
You think you've felt the costs already, More costs are
going to be passed on the consumer. But what do
you think the people in charge, what do you think, Biden,
these economic propagandists, the Fed chairman, what do you think
(11:10):
they're gonna say, sorry, we're idiots. No, of course not.
I'm gonna say, oh, this is great. In fact, this
was the best the White House trying to tell the
American people that the recession. You think recession means bad things,
but let me tell you peasants. White House wants you
to know, the recession is actually really good and healthy.
(11:33):
All signs are that this is a strong economy and
the probability of a recession within the next year is
not particularly elevated. It's a strong economy, and nothing about
it suggests that it's that it's close to or vulnerable
to a recession. I don't expect a recession recession now,
we are not expecting that we are already in the recession.
(11:53):
In fact, the guts and the bones of this economy
remains strong. These are not the marks of an economy
in recession right now. We don't see a recession right now.
That we're not in a recession right now. This is
not in the economy that's in recession. Not only is
a recession not inevitable, but I think that a lot
of people are underestimating those strengths and the resilience of
the American economy. We have a strong labor market, which
(12:14):
you don't normally see in a recession. A recession is
broad based weakness in the economy. We're not seeing that now.
Does anybody feel like this is a good economy? I
would love that explanation from people that are just trying
to pay their bills and have some financial stability in
their lives. They feel like things are going well right now.
(12:37):
A lot of people miss that era of the mean tweets. Well,
that guy that was in charge that they said was
doing Russia's bidding, stock market was booming, Unemployment, real unemployment
was very low, labor force participation. They keep talking about
the unemployment rate. You still have millions of millions of
pete fewer people working now than before the pandemic. Oh,
(13:00):
but it's a Biden's created millions of jobs. Yeah, just
feel all that prosperity while you're paying four thirty a
gallon for gas and everything you're buying at the grocery
store is fifteen to twenty percent more expensive, and your
wages aren't keeping up with inflation. And yeah, all that prosperity.
They just want to evade accountability, folks, so they'll lie
(13:22):
to you. That's what this really comes down to. They
want to evade accountability for their bad decision making, for
their belief that they know how to allocate the capital
of the American people better than the market. That's what's
going on now. We're all seeing it, we're all feeling it.
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call eight hundred the number four Relief. Joe Mansions seven
hundred page trollion dollar tax and Spend bill. It's probably
(14:49):
the longest suicide note in the history of West Virginia.
At a time when West Virginians and Americans are paying
four and five dollars a gallon for gas, what are
the Democrats now proposed to do to spend hundreds of
billions of dollars more to sick the irs on hard
working American families. It's only going to drive up inflation
more and cost people their jobs. I would also point out, Laura,
(15:10):
this is a huge, huge amount of spending when you
add it on to the two hundred and fifty billion
dollars spending the Senate pass to day that the House
is voting on tomorrow. And I would urge every House
Republican after this double cross not to support that two
hundred and fifty fifty billion dollars spending bill on semiconductors
and other things, most of which is just going to
(15:31):
end up benefiting China. Anyway, Welcome back to Clay and Buck.
This is Buck here in NYC. Clay on the live
golf course right now. So I'm in Solo today, and
there you had Tom Cotton explaining a little bit of
what's gone on here, just so you know, there was
some agreement among Senate Republicans they'd vote for the Chip bill,
(15:56):
which was a huge spending bill in favor of semiconductor
and effectively micro chip domestic production in this country. Right
that then you're gonna have more chip making here in America,
and they're gonna spend a whole bunch of money to
do it. Senate Republicans went along with that with the
understanding that any piece of build back better was done right.
(16:20):
Joe Mansion had said he wasn't gonna go for wasn't
gonna work. What do you think happened right after Senate
Republicans passed the Chip bill, all of a sudden, All
of a sudden, there's another spending bill that Democrats revive
and Joe Mansion's going along with it. That's the double
cross that Senator Cotton's referring to. And you know, on
(16:41):
the one hand, you get annoyed because Democrats are so
utterly contemptibly dishonest. Pelosi, Schumer and these people will just
lie about anything if no integrity doesn't matter. But on
the other hand, I also want to say, do Republicans
have to get schooled like this over and over again?
(17:03):
Are we really to believe that they didn't know they
were going to be double crossed? Shouldn't they have assumed
you're dealing with Democrats, your senators. You see how these
people operate all the time. You need a lesson in
this Again, I don't know. I think maybe they just
wanted to go with the Chip bill. And then they're saying, oh,
but they promised us they wouldn't do the big bad
(17:25):
Biden bill, and they did, or they are doing it.
I should say, what does it do? Three hundred and
sixty nine billion dollars invested in energy climate programs? Oh,
you know? Three hundred billion here, three hundred billion there.
Starts to add up after a while, doesn't it. This
is some of the green New Deal, folks. This is
(17:46):
some of Biden's crappy build back better idea coming through.
It's terrible for the economy, but they're doing it. Cell
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you're not going to regret this. From your phone. Now
dial pound two five zero, say Clay and Buck. Welcome
back to the Clay and Buck Show. This is Buck
and I'm joined by JD. Vans. He's the Republican nominee
for US Senate in Ohio. He was a proud Marine,
(19:09):
ye law school grad, author of Hillbilly Elegy, great book. Jad,
thanks for calling in, Thanks for having me. What do
you make of this? I mean, obviously we can get
into the recession stuff. I'm curious what you think about
Mansion deciding that he was gonna go along with what
they're calling the Inflation Reduction Act, which is very very
(19:30):
orwelling and intentionally misleading. Should Republicans have expected this in
the Senate or is this the kind of treachery that
is just going to happen when you're dealing with Democrats.
What do you make of the Mansion move? Boll Yeah,
I think we should have expected it, and we've probably
got played a little bit. I mean, I think that
we've gotten so he's so dependent on Joe Mansion that
(19:52):
I think probably guys just assumed that he was always
going to be there for them, and I really don't
know what he's doing. I mean, with all my disagreements
Joe Mansion, the thing that he seemed to be pretty
smart on was American energy policy. Obviously, he comes from
West Virginia as a state that just wouldn't exist if
you if you don't have us, you know, exploring our coal,
natural gas, and oil resources. And the crazy thing about
(20:14):
this bill is, I mean, like you said, it's straight
out of orwell seven hundred and fifty billion dollars something
like that, which will increase increase inflation substantially, and they're
calling it the Inflation Reduction Act. I just I can't
get over the shamelessness of this sometimes. But but some
of the individual positions provisions are just so ridiculous if
you look at it from the perspective of Joe Mansion, right,
(20:35):
Like so why do we need to be giving Tesla
owners tax credits at a point when we're in a
hyper inflationary recession, Like, how does that make sense? How
does that good for the people in West Virginia. Hey, everybody,
let's go buy Chinese manufactured electric vehicles while you can't
afford to put food on the table. It's just a
pre fosterous thing. But you know, it is what it is,
(20:56):
and this is why we didn't take back with I
mean three hundred and sixty nine billion dollars they're saying
in new spending to address the climate crisis. You know,
there are some things the Chips Bill, for example, which
I mentioned right before you joined us here, the Chips Act, right,
that's supposed to make American competitiveness when it comes to
(21:16):
semiconductor's chip manufacturing better. Now, you could say maybe the
government shouldn't be involved in that. You know, the government's
intervening in the markets in a way that's excessive, and
also spending that in a way that's excessive. But at
least that's a thing that maybe people could agree it
would be helpful. It would be good to have more
domestic manufacturing of semiconductors. Three hundred and sixty billion dollars
(21:38):
for a climate crisis. I don't think there is a
climate crisis JD. So I don't understand why Mansion or
anybody for that matter, would want to go along with this. No,
I don't think there is either. And even if there
was a climate crisis, I don't know how the way
to solve it is to buy more Chinese manufactured electric vehicle.
The whole ev thing is a scant right, So set
to the side these questions about you know, how much
(22:00):
carbon drives the climate change situation, and that's like, I look,
I'm with you on this. I did not wake up
in the morning thinking myself at climate crisis we need
to destroy the economy to deal with But even if
you take these people's arguments at face value, pluck. The
thing I don't understand is how is manufacturing more cars
in the dirtiest economy in the world and not relying
(22:23):
on American hunt of bakers, how is that going to
make our economy more clean? Because of course, if you
have a Tesla and I think they're kind of cool,
I don't know whe they're pretty fast, but you know,
not my thing. If you plug it into your wall, Like,
it's like, do these people think they're like keeping involved back?
They're making energy in the wall. It comes of course
from fossil fuels. So your manufacturing cars of the dirties
(22:45):
economy in the world, you're still relying on fossil fuels
to produce your energy. How does this make any sense?
It's like they've created this slow environmental crisis just to
justify democratic downers. That's what it's all about. It at
least that's the only way I could possibly wrap my
head around it. Speaking of JD Vance running for Senate
(23:05):
in a critical race in Ohio, he's running against Tim
Ryan um And and I want to know what you
what's your reaction is today to our recession that I mean,
I've been using the the R word on this show,
I don't know, four or five months now. I mean,
so it's it's kind of amazing to some of us
that all of a sudden you're having CNN and the
(23:26):
regime media say, oh wow, look at this. I guess
we are in kind of a maybe sort of a
recession situation. It wasn't this inevitable based on the policies
that were being pushed j D. I mean what am
I missing? Oh, I think we're I think we're missing JD.
Is actually what happened there. Let's see if we can
get him back there. Yeah, start, go ahead, go ahead, Jdy.
(23:51):
Note still don't have him, JD. We're gonna try to
get you back, buddy. We've got to get you to
call in on a on a good line. But I
do think that's the that's the reality here of what
we're seeing is that this was everything about Biden. Everything,
everything about the Biden situation and what's happened over the
(24:13):
course of this presidency is that we saw it coming.
We warned the Libs about this. We said, hey, if
you do a B will follow. If you push for X,
Y will come next. Right, everything, Joe Biden is too old.
Joe Biden is a mediocrity with no real vision or
(24:36):
leadership skills whatsoever. Everyone has known this until five minutes ago,
even Democrats in their own primary. Until South Carolina had
Cleburne decide that Biden what was worthy. All of a sudden,
everyone was, oh, yeah, well, Joe Biden, he'll get it done.
He'll unite the country and resurrect the economy. No one
really believe that, right, I guess Democrats did, but they
(24:58):
shouldn't have. Didn't make any sense, didn't make any sense then,
doesn't make any sense now. And we said, don't spend
all this money. Don't do these things. One point nine
trillion right out of the gates. After you've spent trillions
and trillions of dollars. Let the economy get going, let's
supply side increase, Let there be more goods and services.
(25:20):
Let Americans have their business be business. No, Instead, it's
the government has to do it. The government has to
send people checks and spend more money and slash that
cash around. We were saying, don't do this. They said
inflation was transitor. We were saying, don't do it, don't
do this, And they said the recession wasn't going to hit.
We're saying, don't have a catch and release policy at
(25:42):
the border for effectively everybody who crosses into this country illegally.
We said, don't defund police, it's crazy. Don't undermine law enforcement,
don't elect progressive prosecutors. On any of these debates, On
any of these issues, can a rational person even make
the case that Democrats made a good decision. I don't
(26:07):
think so. On every major issue, right now. Whether it's
COVID or crime, or the border or the economy, you
name it. You can line this up. And there were
choices to be made, and they made the wrong choice
and the country is suffering as a result. And that's
why seventy five percent of Democrats, seventy five percent of
(26:28):
Democrats want a candidate other than Joe Biden to be
their nominee. What bigger no confidence vote could you have
an a poll than that. Seventy five percent of them
say they don't en want it to be Joe Biden.
Why because we're seeing the results. So we have to
hammer this home. We have to make sure that everybody.
I mean, there are independence listening. There are Democrats who
(26:50):
listened to this show. Gotta understand, folks, there are some
things that we can have a debate about. Oh, what
should we do about the healthcare system? How can we
There are things that are that are really complicated. There
are issues that do require a nuanced touch. Democrats have
gone nuts and the party has made decisions. Their party
has made decisions that have resulted in less freedom, less
(27:14):
wealth less optimism for the country. And they're only in
a panic right now because they don't want to be
held accountable for that. A lot of the time. You
can listen to John Kerry when it comes to climate change.
You can listen to Democrats when they speak about the
recession or the price of gas. They think that some
of the pain we're going through is necessary. It's kind
(27:36):
of a purge of our sins or something like that.
They think that some of the suffering in the economy
is actually character building for you know, the American people
who aren't working for the federal government or who aren't
super rich making some really good trades, like Nancy Pelosi
and her husband making a lot of money in that market.
(27:56):
It's interesting how they do that. So I just think
that there's there's no surprise here from the Biden regime
except that it has exceeded our expectations of awfulness. We
said it was going to be bad. It's worse than
we thought, and so there's something he's said about that.
At least they are number one when it comes to
(28:17):
things like setting new records about the price of gas,
setting new records when it comes to the speed with
which they have turned things around in the wrong direction,
Well we're gonna fix it, folks. That's the good news.
We got plans to fix it. We got a lot more.
We do have Carrie Lake, who is running for governor
of Arizona, joining us later on the program. We'll talk
to her a lot about the border, among other things.
(28:37):
The Biden recession, Joe mansion obviously bailing out on the
promises that he had made to Republicans, or at least
the agreement that we're told existed that they would not
pass this. It's gonna make a situation worse. We've got
that end. China. China is saber rattling right now. What
is Nancy Pelosi going to do in response to this
(28:59):
with her trip to Time Wall. We'll get some of
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I have great respect for the Speaker and her long
record of leadership and foreign affairs, and I trust that
she'll consult closely with the administration and make the right choice.
(30:24):
At this moment, it could be a significant distraction if
we ended up in an escalatory situation around Taiwan and
its status. But I have confidence that the Speaker will
do the right thing in this moment. But in your judgment, Senator,
better for the Speaker to hold off, at least for
now on that visit to Taiwan. You know, I think
she needs to weigh the input that she gets from
(30:44):
the administration, from the President, from our intelligence community. I
do think it risks escalating tensions with China, but I
also respect the ways that the Speaker over and over
has highlighted human rights abuses within China and has stood
up for the rights of people in the Indo Pacific
region broadly. Whatever they used to tell us, welcome back
(31:05):
to Clay and Buck. This is Buck. They used to
tell us when I was in the CIA that they
only wanted one handed analysts because they never wanted to
hear the On the one hand, on the other hand,
this was always these are analyst jokes. You think dad
jokes are bad. Analyst jokes are really bad because you
can always walk in say, well, on the one hand,
(31:26):
this could lead a nuclear war. On the other hand,
you know, maybe it's a good move. That was a
little bit of what you got there from Senator Coons
of Connecticut, and you know Pelosi on her possible trip
here to Taiwan. It's interesting, isn't it, the timing of
it all. On the one hand, you have this bill
(31:48):
making its way through Congress, the Chip Bill, which would
spend a whole bunch of money to improve domestic semiconductor production.
Basically it's a big giveaway to that industry. Now they argue,
of course, that that industry specifically is a tremendous national
(32:09):
security implications, so that's why we should do it. But
Nancy Pelosi is now in a position where she either
backs down to China's demands or she goes and risks
some kind of provocation from Chinese Communist Party. Now, I
(32:30):
will remind everybody that it was the consensus opinion in
the foreign policy establishment. It felt like, at least from
all the news reports, that Russia wasn't really going to
invade Ukraine. Right, that's crazy. He's not gonna do that.
He wouldn't risk the international sanctions and all the Actually
he did, and he would, and I think Vladimir Putin
(32:53):
would probably do it again, even if he had to
restart the whole process because of his you of what
that war means for Russian security and even a Russian irridentism,
a desire for lost territory from the Soviet imperial era.
(33:14):
Whatever right you got to get a Putin's mind. Not
an easy thing to do. But what is China thinking
about this situation in Taiwan. Here's what all comes down to.
It's not can they take Taiwan, it's when they try,
will America do anything about it? And if Nancy Pelosi,
the Speaker of the House, as much as it is
(33:34):
a little bit of a sad thing to say out loud,
third in line for the presidency, the most powerful figure
in the United States Congress, right now, if China says
you can't go to Taiwan or else, we're gonna throw
a fit. We're gonna do something. And she doesn't go,
even if she wasn't really that excited about going to
(33:56):
the first place, although I'm sure she'd get all kinds
of really good information about the semiconductor industry, you know,
investment moving kind of information, but not that she'd ever
or her husband would never act on that, no, never.
But if she doesn't go now, it looks like she's
bending the knee to Beijing. And that's not a good
thing either, given the trajectory in that part of the world.
(34:19):
Remember we were all talking about Hong Kong. You'll notice
there are these people who are all about, oh, we
stand with the people of filling the blank, we stand
with the people in Hong Kong. They said, did they
really stand with them? Who ended up winning that contest?
The authoritarians, the totalitarians of the Chinese Communist Party, or
the people who were making a lot of noise on
(34:40):
social media about how we stand with Hong Kong. What
about Ukraine. By the way, you've probably seen there are
fewer Ukraine flags and people's bios these days, which is strange.
I told you in the first week of February, I
think it was first week of February that my expectation
was that the Russian military would grind on, that there
(35:03):
would not be some rapid defeat of Putin's Russia, no
matter how much we sent munitions and whatever we tried
to provide in material to Ukraine, and that they would
slowly but surely try to take over half of the country. Well,
here we are in July. The people that were all
about Ukraine flags, and we stand with Ukraine. Where are they?
(35:25):
Because I'm sitting you're saying, yeah, that's Russia is taking
territory day in and day out, as I expected them to.
I also think it's a little bit harder right now
for some of the Ukraine flag waivers here and look,
I'm I'm rooting for Ukraine in so far as they
deserve to have their country back from Russia. But this
became an item of virtue sigling for so many Democrats.
(35:47):
It was all you know. They went from the Ukraine
flag to the to then lots of Pride flags to
wear in their masks and all their photos to or
whatever the thing is of the moment. Yes, people that
are that are hearing it all. But when Zelenski does
his whole posing for Vogue with his wife or Vogue
magazine in the middle of a war, people do ask
(36:11):
some questions. They start to say, what is the message here?
I mean, there are soldiers on the front line losing
their lives in that country every day Zelenski is posing
his wife. Seemed very strange, but remember if it makes
people in rich, people in the Democrat Party in Malibu
and on the Upper West Side of New York feel
(36:32):
like their guys Zelenski is doing a good job over there.
It's all that matters through the Vogue editors. So let's
talk about some situations unfolding under the Biden regime in
January sixth. That's all coming up. Sleet, Travis, and Buck
Sexton on the front Lines. Three
Welcome to today's edition of the Clay Travis and Buck
Sexton Show podcast. Welcome on in everybody to the Clay
Travis and Buck Sexton Show. Buck is in solo today.
I guess I was speaking the third person there for
a second, but you will not be here and from
my Ston co host at least a little later in
the program, as he is out on the golf course today.
(00:24):
He is playing in the live program out in Bedminster,
So he's on the golf course. But I'm holding down
the fort and we got a lot of news today.
Of course, the biggest thing is the recession that is here.
I think we're we're gonna break this down for you.
(00:44):
We've also got Mansion pulling a last minute move to
save the Democrats Bacon, saving their butts from what's really
coming their way with this mid term elect So we
got Joe Mansion striking a last minute deal that they're
gonna say is anti inflationary, which is your guarantee that
(01:10):
the spend and tax provisions will hurt the economy and
be inflationary. But Joe Biden, I'm sorry, but Joe mentioned
brings home something for his state of West Virginia in
the package. I'm sure very transactional that fellow is and
Joe Biden gets to pretend that some piece of build
(01:33):
back better is actually going through and going to make
a difference here for people that are realizing, oh, the
economy is not good. The tale of to Joe's today
mansion and Biden. I think Biden is supposed to give
remarks here as I'm on the air, will discuss what
he says if it's worth hearing. I mean, I can
(01:54):
tell you right now it's gonna be her heart's good.
It's well on the right track. No, not a joke,
Not a joke, middle class, middle out, top down, left
or right, do the hokey pokey and turn it all
around up and down with the economy. You know whatever
he's gonna say, some nonsense. He is going to try
(02:16):
to redefined. He's going to redefine the recession term that
we all know has been used in common parlance for
how many years now of the last ten recessions, as
we've discussed with you, when they have had two two
quarters of negative growth, what have they said? It is
(02:39):
a recession. And yet now we're going to have the
regime media circle the wagons do everything in their power
to say, well, it's really complicated. It's really complicated right now.
You can't just nail it all down. So we will
discuss all of that. Plus, he got Pelosium maybe going
(03:00):
to China. I'm sorry to Taiwan, pardon me, and China
very upset about that. So Pelosi heading to Taiwan possibly,
and the Chinese Communist Party saying some pretty aggressive, pretty
bellicost things about that visit. Of course, China maintains that
Taiwan is a part of China, and the Free World says,
(03:22):
not so fast. But we're not as clear on this
as it seems we should be, as in what would
we do if China made a move on that island?
We will have that. And oh, we've also got jd
Vance joining us in a little bit. Sen at candidate
in the great state of Ohio and Carrie Lake, who
is in the mix for the gubernatorial race in Arizona.
(03:46):
Two great candidates would do really good things in those
respective jobs. So I mean we're racked in stack today, folks.
Got a if I have time, will also discuss more
of the crime situation. Ron to Santist down in Florida,
saying that ESG is going to get a rethink and
a rejection in his state. So we'll talk about that environmental,
(04:11):
social and governance criteria wokeness for corporations on a scale, folks,
that's what ESG is. Let's just dive in for a
moment here, before we get to the Joe Mansion, last
minute deal to have some piece of the Biden agenda
go through at a time when there's it's just reckless, folks.
(04:33):
It's obviously a bad idea, and yet nobody seems to
care about what the main economic indicators, at least none
of the Democrats seem to care about this. The FED chair.
I mean, it's a tough day. What does the Fed
exist to do? What are they supposed to be getting
done as their primary you know, you know the thing.
(04:54):
You know, you had one job. What's the feds one job?
It's really to manage inflation, that's the primary thing. Have
they done a good job of that? Does anybody think
that the Fed looks like they're on it looks like
they've known what's going on here? No, if anything, politics
have been driving so much of the economic decision making
in a reckless, in an irresponsible fashion, and This was
(05:17):
true during the pandemic when we had you got to
know some of these numbers. It's jaw dropping when you
really start to pull it all to piece it all together.
Between twenty nineteen and August twenty twenty one, this was
in the Wall Street Journal, the US money supply grew
by five point five trillion dollars. That is a thirty
(05:40):
five percent increase in the money supply in a year
and a half. And this was mostly driven by the
Fed's purchases of treasuries and mortgage backed securities. So by
the end of twenty twenty four, their journal estimates the
money supply will grow another five trillion. We are running
(06:02):
an experiment to see how quickly we can get inflation
to go in the wrong direction. Or we have been
running that experiment until they finally started bringing rates up,
and now we're in for the pain. This is all
cause and effect. You know, if you run up credit
card bills, if you spend too much money on a
credit card. In the beginning, it's great, You're like, I'm
(06:24):
just look at me. I've got a new Jet Ski,
I've just bought a whole bunch of new golf clubs.
I've got you know whatever it is right, and it
can feel like, well, that's not anything to worry about
because it just goes on my credit card. But yeah,
then you have to start paying the balance down. And
if you don't do that, then you have to start
dealing with the twenty percent or twenty nine percent APR
(06:47):
or whatever it is. It's how people really get behind
right as you know, first thing you want to pay
down as high interest, high interest things like credit cards
whenever you can. But a lot of people are going
to be running up those credit card bills right now
because of the overall trajectory of the economy. But it's
caused an effect for you as an individual. Why isn't
that clear at the government level as well. You print
(07:09):
too much money, you're gonna have inflation. Some of us
were saying, including me, you can't shut down your economy
because there's a virus out there that you're not going
to stop anyway. You can't just send people checks to
stay home. There's going to be a hangover from this.
Welcome to the hangover. You can't just spend two trillion
(07:32):
dollars as Joe Biden did right off the bat when
he comes into office, In addition to I just told
you about the trillions that were spent to expand the
monetary the money supply, what do they think was going
to happen? That's what I really want to ask some
of these people. Well, I want to ask you, jar
own Pal. I want to ask some of these experts,
what exactly did you think the result was going to be?
(07:56):
You thought it wouldn't be this. Remember, they thought inflation
was going to be They told us inflation would be transitory,
and that was absurd. They've also been saying for months
now and up until the last few days, there won't
be a recession. We are in a recession, and I
don't think it's going to be a quick one. I
think it's going to get ugly out there in the
(08:17):
economy for at least twelve d eighteen months. It's gonna
be a lot of economic suffering. Is gonna be job losses.
You're probably heading into the stagflation that we saw in
the seventies and the early eighties. This was preventable, but
there were people in charge who made really bad decisions.
And that's the part of this that there has to
be accountability for. And they're doing everything they can right now.
(08:40):
I mean the spin you will feel you're gonna get
dizzy from it. You're gonna get dizzy from it. Oh,
it's not really a recession. Oh, this is just we're
on the right path. What does the wrong path feel like?
Someone should ask Joe Biden that if this is the
right path, what is the wrong path? How does that look?
Fifteen sent inflation, twenty percent inflation? I think, you know,
(09:03):
if we turn into Venezuela, I think we're all going
to realize that we're on the wrong path. But what
are our expectations? Biden told us that he would shut
down shut down the virus. He would not shut down
the economy, which one of those feels like it's been
more shut down exactly. You go. FED Chairman Jerome Powell.
(09:25):
He is trying to tell everybody that he's not about
to get into the definitions of this. They don't make
a judgment on that. But you know, there's some good stuff.
The FED doesn't make a judgment on that. You know,
we're focused on the dual mandate and using our tools
to achieve maxim employment and price stability. We don't we
don't say there is now a recession that kind of thing,
so that that wouldn't be something we do. What a
(09:46):
recession really is, it's a broad based declient across many
industries that you know that sustained for more than a
couple of months, and there are a bunch of specific
tests in it, and it just doesn't This doesn't seem
like that. Now, what we have right now doesn't seem
like that. And the real reason is that the labor
market is just sending such a signal of economic strengths
(10:07):
that it makes you really question the GDP data. But again,
that's not a decision that we that we make, and
we won't. We won't reach a conclusion one way or
another one that they keep telling us how great the
labor market is. I come across individuals all the time
who are saying they can't get people to do jobs
and so they're limited in their productivity. Everything from people
(10:28):
in aerospace and defense to restaurants to you know, operating
your local department store or drug store or whatever. They
can't get workers. This is this is how the great
labor market is supposed to be operating. And then you say, well,
shouldn't they just pay them more they'll get them, Well,
they say, they can't. There are supply chain disruptions. They've
already had to raise prices. In fact, they're raising prices
(10:49):
some of the biggest companies in the world. There was
a big piece earlier the week, earlier this week in
the journal about that too. They're just going to pass that.
You think you've felt the costs already, More costs are
going to be passed on the consumer. But what do
you think the people in charge, what do you think, Biden,
these economic propagandists, the Fed chairman, what do you think
(11:10):
they're gonna say, sorry, we're idiots. No, of course not.
I'm gonna say, oh, this is great. In fact, this
was the best the White House trying to tell the
American people that the recession. You think recession means bad things,
but let me tell you peasants. White House wants you
to know, the recession is actually really good and healthy.
(11:33):
All signs are that this is a strong economy and
the probability of a recession within the next year is
not particularly elevated. It's a strong economy, and nothing about
it suggests that it's that it's close to or vulnerable
to a recession. I don't expect a recession recession now,
we are not expecting that we are already in the recession.
(11:53):
In fact, the guts and the bones of this economy
remains strong. These are not the marks of an economy
in recession right now. We don't see a recession right now.
That we're not in a recession right now. This is
not in the economy that's in recession. Not only is
a recession not inevitable, but I think that a lot
of people are underestimating those strengths and the resilience of
the American economy. We have a strong labor market, which
(12:14):
you don't normally see in a recession. A recession is
broad based weakness in the economy. We're not seeing that now.
Does anybody feel like this is a good economy? I
would love that explanation from people that are just trying
to pay their bills and have some financial stability in
their lives. They feel like things are going well right now.
(12:37):
A lot of people miss that era of the mean tweets. Well,
that guy that was in charge that they said was
doing Russia's bidding, stock market was booming, Unemployment, real unemployment
was very low, labor force participation. They keep talking about
the unemployment rate. You still have millions of millions of
pete fewer people working now than before the pandemic. Oh,
(13:00):
but it's a Biden's created millions of jobs. Yeah, just
feel all that prosperity while you're paying four thirty a
gallon for gas and everything you're buying at the grocery
store is fifteen to twenty percent more expensive, and your
wages aren't keeping up with inflation. And yeah, all that prosperity.
They just want to evade accountability, folks, so they'll lie
(13:22):
to you. That's what this really comes down to. They
want to evade accountability for their bad decision making, for
their belief that they know how to allocate the capital
of the American people better than the market. That's what's
going on now. We're all seeing it, we're all feeling it.
The most trusted and effective advertising is word of mouth
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call eight hundred the number four Relief. Joe Mansions seven
hundred page trollion dollar tax and Spend bill. It's probably
(14:49):
the longest suicide note in the history of West Virginia.
At a time when West Virginians and Americans are paying
four and five dollars a gallon for gas, what are
the Democrats now proposed to do to spend hundreds of
billions of dollars more to sick the irs on hard
working American families. It's only going to drive up inflation
more and cost people their jobs. I would also point out, Laura,
(15:10):
this is a huge, huge amount of spending when you
add it on to the two hundred and fifty billion
dollars spending the Senate pass to day that the House
is voting on tomorrow. And I would urge every House
Republican after this double cross not to support that two
hundred and fifty fifty billion dollars spending bill on semiconductors
and other things, most of which is just going to
(15:31):
end up benefiting China. Anyway, Welcome back to Clay and Buck.
This is Buck here in NYC. Clay on the live
golf course right now. So I'm in Solo today, and
there you had Tom Cotton explaining a little bit of
what's gone on here, just so you know, there was
some agreement among Senate Republicans they'd vote for the Chip bill,
(15:56):
which was a huge spending bill in favor of semiconductor
and effectively micro chip domestic production in this country. Right
that then you're gonna have more chip making here in America,
and they're gonna spend a whole bunch of money to
do it. Senate Republicans went along with that with the
understanding that any piece of build back better was done right.
(16:20):
Joe Mansion had said he wasn't gonna go for wasn't
gonna work. What do you think happened right after Senate
Republicans passed the Chip bill, all of a sudden, All
of a sudden, there's another spending bill that Democrats revive
and Joe Mansion's going along with it. That's the double
cross that Senator Cotton's referring to. And you know, on
(16:41):
the one hand, you get annoyed because Democrats are so
utterly contemptibly dishonest. Pelosi, Schumer and these people will just
lie about anything if no integrity doesn't matter. But on
the other hand, I also want to say, do Republicans
have to get schooled like this over and over again?
(17:03):
Are we really to believe that they didn't know they
were going to be double crossed? Shouldn't they have assumed
you're dealing with Democrats, your senators. You see how these
people operate all the time. You need a lesson in
this Again, I don't know. I think maybe they just
wanted to go with the Chip bill. And then they're saying, oh,
but they promised us they wouldn't do the big bad
(17:25):
Biden bill, and they did, or they are doing it.
I should say, what does it do? Three hundred and
sixty nine billion dollars invested in energy climate programs? Oh,
you know? Three hundred billion here, three hundred billion there.
Starts to add up after a while, doesn't it. This
is some of the green New Deal, folks. This is
(17:46):
some of Biden's crappy build back better idea coming through.
It's terrible for the economy, but they're doing it. Cell
phone I use is on the Pure Talk network. I
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(18:48):
you're not going to regret this. From your phone. Now
dial pound two five zero, say Clay and Buck. Welcome
back to the Clay and Buck Show. This is Buck
and I'm joined by JD. Vans. He's the Republican nominee
for US Senate in Ohio. He was a proud Marine,
(19:09):
ye law school grad, author of Hillbilly Elegy, great book. Jad,
thanks for calling in, Thanks for having me. What do
you make of this? I mean, obviously we can get
into the recession stuff. I'm curious what you think about
Mansion deciding that he was gonna go along with what
they're calling the Inflation Reduction Act, which is very very
(19:30):
orwelling and intentionally misleading. Should Republicans have expected this in
the Senate or is this the kind of treachery that
is just going to happen when you're dealing with Democrats.
What do you make of the Mansion move? Boll Yeah,
I think we should have expected it, and we've probably
got played a little bit. I mean, I think that
we've gotten so he's so dependent on Joe Mansion that
(19:52):
I think probably guys just assumed that he was always
going to be there for them, and I really don't
know what he's doing. I mean, with all my disagreements
Joe Mansion, the thing that he seemed to be pretty
smart on was American energy policy. Obviously, he comes from
West Virginia as a state that just wouldn't exist if
you if you don't have us, you know, exploring our coal,
natural gas, and oil resources. And the crazy thing about
(20:14):
this bill is, I mean, like you said, it's straight
out of orwell seven hundred and fifty billion dollars something
like that, which will increase increase inflation substantially, and they're
calling it the Inflation Reduction Act. I just I can't
get over the shamelessness of this sometimes. But but some
of the individual positions provisions are just so ridiculous if
you look at it from the perspective of Joe Mansion, right,
(20:35):
Like so why do we need to be giving Tesla
owners tax credits at a point when we're in a
hyper inflationary recession, Like, how does that make sense? How
does that good for the people in West Virginia. Hey, everybody,
let's go buy Chinese manufactured electric vehicles while you can't
afford to put food on the table. It's just a
pre fosterous thing. But you know, it is what it is,
(20:56):
and this is why we didn't take back with I
mean three hundred and sixty nine billion dollars they're saying
in new spending to address the climate crisis. You know,
there are some things the Chips Bill, for example, which
I mentioned right before you joined us here, the Chips Act, right,
that's supposed to make American competitiveness when it comes to
(21:16):
semiconductor's chip manufacturing better. Now, you could say maybe the
government shouldn't be involved in that. You know, the government's
intervening in the markets in a way that's excessive, and
also spending that in a way that's excessive. But at
least that's a thing that maybe people could agree it
would be helpful. It would be good to have more
domestic manufacturing of semiconductors. Three hundred and sixty billion dollars
(21:38):
for a climate crisis. I don't think there is a
climate crisis JD. So I don't understand why Mansion or
anybody for that matter, would want to go along with this. No,
I don't think there is either. And even if there
was a climate crisis, I don't know how the way
to solve it is to buy more Chinese manufactured electric vehicle.
The whole ev thing is a scant right, So set
to the side these questions about you know, how much
(22:00):
carbon drives the climate change situation, and that's like, I look,
I'm with you on this. I did not wake up
in the morning thinking myself at climate crisis we need
to destroy the economy to deal with But even if
you take these people's arguments at face value, pluck. The
thing I don't understand is how is manufacturing more cars
in the dirtiest economy in the world and not relying
(22:23):
on American hunt of bakers, how is that going to
make our economy more clean? Because of course, if you
have a Tesla and I think they're kind of cool,
I don't know whe they're pretty fast, but you know,
not my thing. If you plug it into your wall, Like,
it's like, do these people think they're like keeping involved back?
They're making energy in the wall. It comes of course
from fossil fuels. So your manufacturing cars of the dirties
(22:45):
economy in the world, you're still relying on fossil fuels
to produce your energy. How does this make any sense?
It's like they've created this slow environmental crisis just to
justify democratic downers. That's what it's all about. It at
least that's the only way I could possibly wrap my
head around it. Speaking of JD Vance running for Senate
(23:05):
in a critical race in Ohio, he's running against Tim
Ryan um And and I want to know what you
what's your reaction is today to our recession that I mean,
I've been using the the R word on this show,
I don't know, four or five months now. I mean,
so it's it's kind of amazing to some of us
that all of a sudden you're having CNN and the
(23:26):
regime media say, oh wow, look at this. I guess
we are in kind of a maybe sort of a
recession situation. It wasn't this inevitable based on the policies
that were being pushed j D. I mean what am
I missing? Oh, I think we're I think we're missing JD.
Is actually what happened there. Let's see if we can
get him back there. Yeah, start, go ahead, go ahead, Jdy.
(23:51):
Note still don't have him, JD. We're gonna try to
get you back, buddy. We've got to get you to
call in on a on a good line. But I
do think that's the that's the reality here of what
we're seeing is that this was everything about Biden. Everything,
everything about the Biden situation and what's happened over the
(24:13):
course of this presidency is that we saw it coming.
We warned the Libs about this. We said, hey, if
you do a B will follow. If you push for X,
Y will come next. Right, everything, Joe Biden is too old.
Joe Biden is a mediocrity with no real vision or
(24:36):
leadership skills whatsoever. Everyone has known this until five minutes ago,
even Democrats in their own primary. Until South Carolina had
Cleburne decide that Biden what was worthy. All of a sudden,
everyone was, oh, yeah, well, Joe Biden, he'll get it done.
He'll unite the country and resurrect the economy. No one
really believe that, right, I guess Democrats did, but they
(24:58):
shouldn't have. Didn't make any sense, didn't make any sense then,
doesn't make any sense now. And we said, don't spend
all this money. Don't do these things. One point nine
trillion right out of the gates. After you've spent trillions
and trillions of dollars. Let the economy get going, let's
supply side increase, Let there be more goods and services.
(25:20):
Let Americans have their business be business. No, Instead, it's
the government has to do it. The government has to
send people checks and spend more money and slash that
cash around. We were saying, don't do this. They said
inflation was transitor. We were saying, don't do it, don't
do this, And they said the recession wasn't going to hit.
We're saying, don't have a catch and release policy at
(25:42):
the border for effectively everybody who crosses into this country illegally.
We said, don't defund police, it's crazy. Don't undermine law enforcement,
don't elect progressive prosecutors. On any of these debates, On
any of these issues, can a rational person even make
the case that Democrats made a good decision. I don't
(26:07):
think so. On every major issue, right now. Whether it's
COVID or crime, or the border or the economy, you
name it. You can line this up. And there were
choices to be made, and they made the wrong choice
and the country is suffering as a result. And that's
why seventy five percent of Democrats, seventy five percent of
(26:28):
Democrats want a candidate other than Joe Biden to be
their nominee. What bigger no confidence vote could you have
an a poll than that. Seventy five percent of them
say they don't en want it to be Joe Biden.
Why because we're seeing the results. So we have to
hammer this home. We have to make sure that everybody.
I mean, there are independence listening. There are Democrats who
(26:50):
listened to this show. Gotta understand, folks, there are some
things that we can have a debate about. Oh, what
should we do about the healthcare system? How can we
There are things that are that are really complicated. There
are issues that do require a nuanced touch. Democrats have
gone nuts and the party has made decisions. Their party
has made decisions that have resulted in less freedom, less
(27:14):
wealth less optimism for the country. And they're only in
a panic right now because they don't want to be
held accountable for that. A lot of the time. You
can listen to John Kerry when it comes to climate change.
You can listen to Democrats when they speak about the
recession or the price of gas. They think that some
of the pain we're going through is necessary. It's kind
(27:36):
of a purge of our sins or something like that.
They think that some of the suffering in the economy
is actually character building for you know, the American people
who aren't working for the federal government or who aren't
super rich making some really good trades, like Nancy Pelosi
and her husband making a lot of money in that market.
(27:56):
It's interesting how they do that. So I just think
that there's there's no surprise here from the Biden regime
except that it has exceeded our expectations of awfulness. We
said it was going to be bad. It's worse than
we thought, and so there's something he's said about that.
At least they are number one when it comes to
(28:17):
things like setting new records about the price of gas,
setting new records when it comes to the speed with
which they have turned things around in the wrong direction,
Well we're gonna fix it, folks. That's the good news.
We got plans to fix it. We got a lot more.
We do have Carrie Lake, who is running for governor
of Arizona, joining us later on the program. We'll talk
to her a lot about the border, among other things.
(28:37):
The Biden recession, Joe mansion obviously bailing out on the
promises that he had made to Republicans, or at least
the agreement that we're told existed that they would not
pass this. It's gonna make a situation worse. We've got
that end. China. China is saber rattling right now. What
is Nancy Pelosi going to do in response to this
(28:59):
with her trip to Time Wall. We'll get some of
that coming up here at a moment. Legacy Box is
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I have great respect for the Speaker and her long
record of leadership and foreign affairs, and I trust that
she'll consult closely with the administration and make the right choice.
(30:24):
At this moment, it could be a significant distraction if
we ended up in an escalatory situation around Taiwan and
its status. But I have confidence that the Speaker will
do the right thing in this moment. But in your judgment, Senator,
better for the Speaker to hold off, at least for
now on that visit to Taiwan. You know, I think
she needs to weigh the input that she gets from
(30:44):
the administration, from the President, from our intelligence community. I
do think it risks escalating tensions with China, but I
also respect the ways that the Speaker over and over
has highlighted human rights abuses within China and has stood
up for the rights of people in the Indo Pacific
region broadly. Whatever they used to tell us, welcome back
(31:05):
to Clay and Buck. This is Buck. They used to
tell us when I was in the CIA that they
only wanted one handed analysts because they never wanted to
hear the On the one hand, on the other hand,
this was always these are analyst jokes. You think dad
jokes are bad. Analyst jokes are really bad because you
can always walk in say, well, on the one hand,
(31:26):
this could lead a nuclear war. On the other hand,
you know, maybe it's a good move. That was a
little bit of what you got there from Senator Coons
of Connecticut, and you know Pelosi on her possible trip
here to Taiwan. It's interesting, isn't it, the timing of
it all. On the one hand, you have this bill
(31:48):
making its way through Congress, the Chip Bill, which would
spend a whole bunch of money to improve domestic semiconductor production.
Basically it's a big giveaway to that industry. Now they argue,
of course, that that industry specifically is a tremendous national
(32:09):
security implications, so that's why we should do it. But
Nancy Pelosi is now in a position where she either
backs down to China's demands or she goes and risks
some kind of provocation from Chinese Communist Party. Now, I
(32:30):
will remind everybody that it was the consensus opinion in
the foreign policy establishment. It felt like, at least from
all the news reports, that Russia wasn't really going to
invade Ukraine. Right, that's crazy. He's not gonna do that.
He wouldn't risk the international sanctions and all the Actually
he did, and he would, and I think Vladimir Putin
(32:53):
would probably do it again, even if he had to
restart the whole process because of his you of what
that war means for Russian security and even a Russian irridentism,
a desire for lost territory from the Soviet imperial era.
(33:14):
Whatever right you got to get a Putin's mind. Not
an easy thing to do. But what is China thinking
about this situation in Taiwan. Here's what all comes down to.
It's not can they take Taiwan, it's when they try,
will America do anything about it? And if Nancy Pelosi,
the Speaker of the House, as much as it is
(33:34):
a little bit of a sad thing to say out loud,
third in line for the presidency, the most powerful figure
in the United States Congress, right now, if China says
you can't go to Taiwan or else, we're gonna throw
a fit. We're gonna do something. And she doesn't go,
even if she wasn't really that excited about going to
(33:56):
the first place, although I'm sure she'd get all kinds
of really good information about the semiconductor industry, you know,
investment moving kind of information, but not that she'd ever
or her husband would never act on that, no, never.
But if she doesn't go now, it looks like she's
bending the knee to Beijing. And that's not a good
thing either, given the trajectory in that part of the world.
(34:19):
Remember we were all talking about Hong Kong. You'll notice
there are these people who are all about, oh, we
stand with the people of filling the blank, we stand
with the people in Hong Kong. They said, did they
really stand with them? Who ended up winning that contest?
The authoritarians, the totalitarians of the Chinese Communist Party, or
the people who were making a lot of noise on
(34:40):
social media about how we stand with Hong Kong. What
about Ukraine. By the way, you've probably seen there are
fewer Ukraine flags and people's bios these days, which is strange.
I told you in the first week of February, I
think it was first week of February that my expectation
was that the Russian military would grind on, that there
(35:03):
would not be some rapid defeat of Putin's Russia, no
matter how much we sent munitions and whatever we tried
to provide in material to Ukraine, and that they would
slowly but surely try to take over half of the country. Well,
here we are in July. The people that were all
about Ukraine flags, and we stand with Ukraine. Where are they?
(35:25):
Because I'm sitting you're saying, yeah, that's Russia is taking
territory day in and day out, as I expected them to.
I also think it's a little bit harder right now
for some of the Ukraine flag waivers here and look,
I'm I'm rooting for Ukraine in so far as they
deserve to have their country back from Russia. But this
became an item of virtue sigling for so many Democrats.
(35:47):
It was all you know. They went from the Ukraine
flag to the to then lots of Pride flags to
wear in their masks and all their photos to or
whatever the thing is of the moment. Yes, people that
are that are hearing it all. But when Zelenski does
his whole posing for Vogue with his wife or Vogue
magazine in the middle of a war, people do ask
(36:11):
some questions. They start to say, what is the message here?
I mean, there are soldiers on the front line losing
their lives in that country every day Zelenski is posing
his wife. Seemed very strange, but remember if it makes
people in rich, people in the Democrat Party in Malibu
and on the Upper West Side of New York feel
(36:32):
like their guys Zelenski is doing a good job over there.
It's all that matters through the Vogue editors. So let's
talk about some situations unfolding under the Biden regime in
January sixth. That's all coming up. Sleet, Travis, and Buck
Sexton on the front Lines. Three
The Clay Travis and Buck Sexton Show News
Hosts And Creators
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