Daily Review with Clay and Buck - Mar 14 2023

Bank fallout: What is the Fed going to do now? David McCormick: We are setting a dangerous precedent. Activist social justice warriors are at it again. I really like Trump, but...

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Episode Transcript

Speaker 1 (00:00):
Welcome to today's edition of the Clay Travis and Buck
Sexton Show podcast. Welcome in everybody to the Clay Travis
and Buck Sexton Show. Great to have you here with me.
Clay on vacation, and we have much to discussed today
here in the world of well, a lot of things,
but certainly banking, finance, the economy, the dollars in your

(00:24):
bank account, the dollars in your pocket. What is going
to happen. We've got the new inflation numbers. I'll break
that down for you. A little bit of a calm,
it seems right now a lot of the regional banks
that got smashed yesterday had a big rally, so it
seems like confidence in them has been at least four

(00:45):
now restored. We've also got a crisis with the NYPD
switching gears here to criminal justice and policing resigning at
a record breaking pace. So that's an we're going to
discuss later on in the program. More fallout from that
Stanford Dean and students who were shouting down Fifth Circuit

(01:10):
Federal Appeals Court Judge Duncan. We'll discuss that. And we've
also got more on the border and oh and Trump
has some words about DeSantis in a new video that
we'll discuss here on the program. Trump seems to be
of the mind that saying that Florida is not Rhnda

(01:35):
Santis's success story, that that is going to be a
worthwhile line of attack. We will discuss that here in
just a little bit. But you all remember Donald Rumsfeld, right,
Remember he was Secretary of Defense under George W. Bush.
Very much the first person I think for a lot

(01:55):
of people who comes to mind with the Iraq of
two thousand and three and a whole range of other
things from the War on Terror. And he had had
a bunch of prominent roles in the White House before that.
I mean, the guy had been in government for a
long time in different capacities. But that very famous little
moment where he was discussing known, known unknowns and unknown unknowns.

(02:24):
I am concerned right now in the financial sector and
about things that would affect all of us when it
comes to the unknown unknowns. I'm just gonna put a
few things out there, right because, as I always tell you,
nobody can predict the future, but we can at least
look at the odds, look at what's going on right now.
SVB bank, all the depositors Silicon Valley Bank, and the

(02:47):
people that were banking, they're thinking that they were just
putting money in a bank and not some version of
a very low yield hedge fund or a mutual fund
or something. They have been back stopped by this program
with the government, the FED, the FDIC, with you know,
the financial alchemy of it's not a bailout, but it

(03:09):
actually is a bailout, because if it wasn't a bailout,
the bank would have gone under. So it is a bailout.
But it seems like people have calmed down a bit,
and as I said, the regional banks have recovered. But
there are some issues right now that are also out there.
First of all, inflation, what are the newest numbers, slows
to six percent from six point four percent a month ago.

(03:33):
So the FED is now considering pausing its interest rate
hikes because of the banking crisis. But you see, this
all just takes us back to the basic problem. What
did I say yesterday? This all comes from a decision
to crush the bond market, destroy anyone's ability really to
get a pretty standard yield for savings accounts, treasury bonds,

(03:59):
you name it. Bonds from companies bonds in general, you
couldn't get any income on the money that you had saved,
whether you're an individual or an institution, unless you took
riskier pathways. And the government decided alongside this whole process
that they were going to keep printing money through quantitative

(04:19):
easing through QE, so interest rates were kept artificially low.
You can't get money from your savings account, and they
keep on pushing more money into the system. This has
caused inflation. How do you deal with the inflation? Well,
how do you bring it down? You have to let
interest rates normalize. The problem with letting interest rates normalize,

(04:42):
they say too quickly, is that there will be economic
pain associated with that. We started to see a little
bit of that with the bank failures that have just occurred,
the run on SVB, the banks that were on the brink,
it seemed, and now we're told, oh, don't worry, it'll
all be fine. But the fundamental problem remains, what is

(05:04):
the Fed going to do? Now? What does this mean
for inflation? For the cost of everything that you need
to feed yourself, your family, pay your rent, gas up
your car, buy the things you need, whether it's healthcare
or a dozen eggs, buy the things you need day
in and day Yeah, what does it mean for you?

(05:24):
And the answer is they don't really know. And this
is where I get into the unknown unknowns and also
the plans that may start to get a little bit
more attention out there. But first, let me put this
before we get into the possible plans, Let's look at
some things that are happening. So Credit Suisse has had
its shares a huge, a huge bank, has had its

(05:47):
shares fall to an all time low. It is the
seventh largest investment bank in the world, and it has
said it has material weakness. So that's not that's not
a good sign right now. Maybe that's just because of
a few specific things for Credit sweets. Okay, fine, you know,

(06:11):
but people will point out that there have been problems
there for a while Archagos I believe it was called
the five point five billion dollars loss they took because
of this Archagos fiasco. There going to get too deep
into the weeds on it, point being there are issues.

(06:32):
That's a really big bank, that's a really big problem.
You've also got the staff of Facebook finding out today.
The tech sector has already been in a big decline
staff of Facebook finding out that ten thousand jobs are
about to get cut thirteen percent of all Facebook staff.
And Mark Zuckerberg, like the AI robot he is made real,

(06:57):
is telling everybody to get ready for a quote new
economic reality that will continue for many years. As in
they are doing efficiency. I actually read the letter they
put out, not a particularly warm and fuzzy one about
the efficiency cuts Love be making at Facebook. This is
happening all over the place. Big tech companies that seem

(07:17):
like they were money printing machines and at the time
they were just a few years ago, are laying off
large numbers of people, a lot of the tech stocks
that were really drivers of the economy, and we're propping
up the stock market overalls, where most of the games
were coming from. They've gotten whacked pretty badly in the
last well last year, depends on which one you're looking at,

(07:41):
but things are rough right now. If you also look
at car Loan defaults, another indicator, not quite housing defaults,
but car Loan defaults, they are right now, way up.
They're the highest they have been in a number of
a number of decades I think at this point. So

(08:03):
this is higher than it's been in quite some time,
and that's obviously really disconcerting as well. So what are
they going to do about all of this now? I
brought up the unknown unknowns because look at how quickly
SVB turned into a financial crisis that required the entire
attention of the White House, the Fed, the Treasury, and

(08:26):
what was it a month ago? Jim Kramer was on
TV by SVB, you know whatever? Sure, I think there's
actually there are people that they trade based upon the opposite.
They actually manage money based on the opposite of what
Jim Kramer recommends on his TV show. It's pretty funny.
I think there's an index that someone's created where you
go in the opposite direction. But here you have here,

(08:51):
you have a series of major challenges to the economy,
and you have also a few things that have happened
in rapid succession that no one seemed to see coming.
And right right now it feels like, oh, maybe things
are getting a bit better. But those unknown unknowns they
linger out there. What would it take for us to

(09:14):
really go off the cliffire financially systemic weakness in a
major bank somewhere? Well, Credit Suista said they have that,
but maybe that's not enough. Maybe they'll figure that out.
How many of these massive financial institutions have made a
similar bet to what SVB did, or have taken other
risky ventures onto their balance sheets that could really create enormous,

(09:38):
enormous problems down the line. So many of the people
you'll see on TV or economists and people in the
financial sector who don't actually manage money, and they've been
wrong many, many times in the past, but because they
have a long and establish history of being wrong, it
seems they continue to go on TV and tell you
what's going to happen. They have no idea. I will

(10:00):
tell you they have no idea what's going on. You
know who looks really prescient right now would be Ron
Paul and the people that have said the FED which
was really created to avoid, isn't it supposed to avoid
the very situation we are in right now, all this inflation,
all this money printing and then trying to control the recession.

(10:22):
Nobody wants there to be pain, but what goes up
must come down. I mean, there's some fundamental realities here
that a government structure is not really able to manage. Right.
We can't actually have people who decide that we're just
never going to have it. If we could create a
situation where we never have a painful economic downturn, well
of course we would want that. That's not reality, that's

(10:45):
not the way this is going to shake out. And
then that brings me to something else that I wanted
to spend a little more time on today, because I
know people are are concerned about it, and I think
in the post COVID world of easy authoritarianism that we
fell into in this country, the notion of a central

(11:06):
bank digital currency a CBDC is something we all have
to take very seriously. Because here's how you may be
thinking about the situation right now of the economy. You
might be thinking, so the FED is screwing things up
once again. They're not a bunch of geniuses. They're they're
not you know, the wizard behind the curtain making everything

(11:27):
run and look great. They're actually creating a lot of
these dislocations and a lot of these distortions in the
market by FED policy. And now they're telling us, well,
they're going to fix it, But they're they're riding the
tiger or riding the dragon on this one. They're not
really determining how this thing goes. They're just doing their

(11:50):
best to make it less bad than it would otherwise be.
You would be thinking, well, we have to figure out
a way to lessen the power of some of these
institutions going forward, right, But you have to remember for
government failure, failure never is met with we shouldn't do
this next time, it's we need more power and more resources.

(12:13):
So how do you get that? You might be thinking, well,
we need to look more at I mean, the whole
range of things, right, and go back, go and listen
to all the old Ron Paul lectures. He's still giving lectures,
but go go and listen to the things that that
he said about what the fed, the boom bust cycles,
and all the rest of it, what it does. And
people are talking about cryptocurrencies now and all the rest

(12:34):
ways of getting outside of this centralized government control. But
that's if you think the answer here is less central
government control. The people in charge, you know what they
think The answer is more more government control, more ability
to determine exactly what you can do with the money

(12:56):
that you have. And that brings us to a central
bank digital currency, which is something that I do want
to speak to you about a little bit, because it's
already happening in places. There are different kinds of CBDCs
out there, but major economies, you know, like China, India,

(13:18):
they already have this. As you know, China has gotten
rid of cryptocurrencies. So centralization, top down centralization of money
through a digital currency is happening elsewhere in the world,
and there are arguments underway right now about how to
do this in America. They've been happening for a while.
This is not a conspiracy theory. This is off the

(13:39):
front pages of the Wall Street Journal. It's just a
question of how deep into this we go and what
we actually do with it. It's going to happen at
some level. So I want to talk to you about
that because right now it feels to me like that
come before the storm. I don't think we are out
of the storm. We've just we had a squall, but

(14:02):
the big one is still coming. That is the sense
that I have. And when you look at the options
that the people in charge have at this point, if
they have one shock from an unknown unknown, this whole
thing all of a sudden gets really really ugly. Look,
a lot of small business owners that survive the pandemic

(14:25):
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(14:47):
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(15:10):
Refunds dot com to learn more. That's Getrefunds dot Com.
Sanity in an Insane World The Clay Travis and Buck
Sexton Show. Welcome back to Clay an Buck. We have
David McCormick with us now. He is the former CEO
of the Hedgewater of the Hedge Fund rather Bridgewater candidate

(15:30):
for US Senate in Pennsylvania in the last election cycle.
A combat veteran West Point graduate, author of a new
book that is out now, Superpower in Peril, a battle
Plan to renew America. David, good to have you back
on the program. Hey Bucks, thanks for having me. I
appreciate it. So we got a couple of things, big
things to get into here. First of all, breaking news

(15:52):
just in the last couple of minutes, a Russian jet
has collided with a US drone over the Black Sea
and international airspace. I want to get into all the
banking stuff. You ran Bridgewater, one of the biggest hedge
funds in the world. You know the banking stuff very well.
But first tapping into your combat veteran side. You went

(16:13):
to West Point. You have served in different government national
security related roles. How concerned are you about the trajectory
right now in Ukraine. Well, I'm very concerned about it
in the sense that you know, Putin is an aggressor here.
He has challenged the sovereign sovereignty of Ukraine. And I

(16:34):
think we are in the right position to be supporting
the Ukrainians because I think it's in US interest but
we got to do that with a lot of care,
and we got to make sure the things that we're
sending there aren't being corrupted and used in ways it's
inconsistent with the mission. And we got to be careful.
And incidents like you describe are the things that are unexpected.

(16:55):
We got to be careful that US troops don't in
any way get drawn in. So I'm a among those
who think what's happening in Ukraine is an important US interest.
I think China is watching carefully, but I also understand
those who are skeptical, and we have to be careful
not to get drawn into something bigger. Now on under
the financial side of things, there's a lot of messages

(17:16):
to clean up right now in a bunch of different
a bunch of different areas of the world. Yeah, so,
so tell us. I mean, first of all, is the bailout,
the backstopping, whatever it is, Is this the right thing
to do? How do you see things as they are
right now? Before we get into where the financial and

(17:36):
sector and economics sector are going. But what do you
think about what they've done up to this point? Well,
I think you got to start and I'll be very
brief but you've got to look at how we got
here because it answers part of your question. So we
are here because of excess excess over the last ten
years in terms of too much fiscal spending, but extreme
excess in the last two years under Joe Biden, enormous

(17:58):
amount of spending, forty percent increase in discretionary spending. We're
an all time high in our debt of thirty one
trillion dollars. And that excess of spending has been matched
with extremely low interest rates for more than a decade.
And as a consequence of that, we have inflation. And
that inflation is something we got to control. And so

(18:19):
the Fed, ironically, in trying to help stop the problem
it created, raised interest rates quickly. And now we've got
a gap between the assets and the liabilities, and that
is across the whole banking sector. It's not just across SBB,
and that's the macro problem. Now. Second SBB, Silicon Valley
Bank wasn't terribly managed a bank terrible risk management. It's

(18:44):
appropriate that the whole leadership team got fired, But the
regulators made a big mistake here. The San Francisco Federal
Reserve should have known this It's obvious what was going
to happen when interest rates rise, that the balance sheets
on the banks are gonna be underwater. They're gonna have
to sell assets. And because these assets were so the
deposits are so concentrated, it's created a real problem, not

(19:05):
just for Silicon Valley Bank but for others. Now, in
terms of what the government has done, I think it's
it's appropriate the equity holders lose their lose their money.
I think it's appropriate that the credit holders lose lose
their money. I'm very concerned about the bailout of these
uninsured deposits, and I I'm concerned for two reasons. First,

(19:26):
you know, the guy who had the landscaping business and
landscaped Silicon Valley Bank and the company would have ten
thousand dollars. He lost that ten thousand dollars. But the
rich Silicon Valley venture capitalists got one hundred percent on
their dollars, and uh, and that that seems wrong, that
seems inappropriate. Second, we got a moral hazard. We got

(19:47):
a moral hazard problem where there's eight trillion dollars of
uninsured bank deposits, and so did we now just set
a precedent where we're going to bail out eight trillion
dollars of of insured bank deposits if we need to,
I don't think so. So we're sending a dangerous press,
and then that for that reason I would oppose it.
Oppose a bailout of any kind. We're speaking to David McCormick.

(20:10):
He's a former combat veteran ran for Senate in Pennsylvania
in a tough primary there against doctor Oz and also
is the author of a new book that is out,
Superpower in Peril, A Battle Plan to New America. All right, David,
where is this all going? I mean credit suite? Back
to the financial thing, because people are worried about their money,
I think rightfully, so, they're worried about their savings and

(20:32):
they're worried about their jobs. So what happens now? I
mean credit suits. They're saying, has I think that, you know,
systemic issues or something? There is some term that they
used to say it's not looking good over there. And
there are some other banks I'm sure that also have
similar problems, maybe not as badly as SVB, But do
you feel like this is the beginning of a real

(20:54):
plunge or has this is this something that if we
handle appropriately, or is handled appropriately, We're not heading into
a major recession. Well. One of the things I've learned
along the years is to just have humility about the
ability to predict anything. Here, I would say that a
couple of things. In response to your question. The biggest
important thing in banking is to have confidence. Confidence in

(21:15):
the banking system. The deposits that old people put in
the banks are not available to take out because they
lend those, so there's a fraction of the deposits available.
So people have to have confidence, and the governments try
to take steps to put confidence in place. We'll see
how much it works. The underlying problem that I described,
where people have bought assets and had long duration assets
and now they're worth a lot less is a big problem.

(21:37):
And the inflation that we have in our economy is
likely going to lead the FED to raise rates to
the point where we go into recession, and that is
going to be very challenging for our economy, and it's
part of the broader thing I try to address in
my book about Superpower and Peril. I think this is
just evidence of a decline Americans in decline economically. From

(21:57):
a national security perspective, spirits and the client's uninevitable, but
neither is renewal. It depends on what we do. And
so my book Superpower and Peril lays out the plan
for educating our people, for confronting China and for securing America,
and part of that is to get our fiscal house
in order and to get back to more normal policy.

(22:19):
We've lived in access for a long time, and whenever
there's access, there creates all sorts of distortions in the markets.
And that's what we're dealing with right now. Is there
any way you think realistically that the Fed will be
able to navigate these interest rate raises without plunging us
into what even the Biden administration will have to admit
is a recession. Yeah, listen, I think it's gonna be

(22:43):
very difficult. And you know, if you go back, and
I just read recently the book about Paul Bulker during
his time there, and what happens with inflation is there's
you know, if you take the pedal off too quickly
and lower rates too quickly, inflation comes back. And so
you've got to break the back of inflation, both with
your movement, with your moves and interest rates. But also
with your rhetoric and signaling. And I think it's going

(23:05):
to be very difficult not to be very tough minded
on inflation, because the inflation has an insidious impact on
our economy and is very challenging for politically. So I
think we're likely to go into recession. I think it's
likely going to be a tough period, and that's why
I think a renewal agenda is really important. There's lots
of problems in the country just beyond the economic ones

(23:26):
you and I are talking about, and so my argument
in the book is that we need leadership as conservatives
that's going to put great candidates forward that can win
primaries and win general elections, is going to put a
positive agenda forward for how to solve these problems, and
it's going to do the work to get absentee ballots
and voter registration so we can win elections and take

(23:49):
the country in the right direction. And this book is
meant to be a blueprint for how to do that.
A battle plan to renew america superpower in peril is
the book. If We'll let you go, David, you think
you're not running for president because this book looks like
the kind of book somebody might write if they were
running for president. Well, first, I started writing the book
before I ran for the Senate. At this point, now

(24:10):
that the books done, my wife did tell me I
got to get a job of some sort bucks So
I don't I don't think. I don't think she's very
open minded about that. But I have been thinking about
running for the Senate in Pennsylvania. I've not decided yet.
There's twenty four Senator Casey set will be open for election,
and and so we'll think about that and pray about
it and make a decision later this year. I suspect gotcha,

(24:32):
So maybe running for something fair enough. David McCormick, everybody's
superpower and peril. David, thanks for calling in. Appreciate it.
Thanks Buck, thanks to talk to you. You know, we're
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on the weekend on our Sunday Hang with Clay and
Buck podcast. Fight it on the iHeart atam or wherever
you get your podcast. Our three of Clan Buck starts
right now. And Joe Biden's got a problem. Everybody always
got a lot of problems. But one thing. We just
had a breaking news alert in the last hour that

(26:16):
a Russian fighter jet has collided in international airspace over
the Black Sea with a US Reaper drone. But that's
gonna raise tensions a little bit there. What's going on?
What are the chances of that just happening. Perhaps the

(26:38):
Russian jet was trying to get a much closer look
at the drone. Who knows. We will find out more
well that Pentagon will tell us some stuff and then
we'll find out more beyond that, I am sure in
the hours ahead. But something to keep an eye on.
But the bigger political problem that Joe Biden has is
that his party has gone nuts. And this is something

(27:00):
that you see on a range of issues where even
Democrats are starting to say, some Democrats, this is just
too much. I can't go along with this. And they're
not areas, they're not fringe beliefs of the Democrat Party.
They're opposing. They are things that are coming from the
White House itself. They're the most mainstream of Democrat positions

(27:22):
because in many cases they are now the mandatory positions
that you must hold if you are going to be
a Democrat who is held in good standing by the left,
by the you know, the Jacobins who run that party,
the radicals, the Marxists. So that's interesting, that's worth keeping

(27:44):
in mind. Right, this is now required orthodoxy for a
lot of Democrats that are causing problems for them. And
I had mentioned this in the first hour. I wanted
to just bring you back to the situation of the
Stanford University, well, Stanford Law School, part of the university aftermath,

(28:07):
when you had Judge Duncan of the Fifth Circuit who
was shouted down by a bunch of of of screeching harpies,
I mean, just lunatics in that room. I saw the
whole video. I can't play the audio. There's so much,
there's so much cursing and shouting that you can just
imagine they have a federal judge invited to a law
school to speak to them about the law. He's actually

(28:29):
doing the interpretation of law on the Fifth Circuit. You
think that law students might think they have something to learn,
and even if they don't that they would sit there
and be respectful. They're supposed to be officers of the court.
But really the law schools have become social justice activist
training centers. That's what they are. That's what the so

(28:51):
called elite lass was. I thought it was so funny
too that one of the one of the you know,
just childish students says shouted something like, yeah, well, you
couldn't even get into this law school. It's so interesting.
I want to I wonder how many of the people
in that room that were shouting at the judge got in,
not because their el sets were so high, but under

(29:14):
the diversity and inclusion exceptions to what the rest of
the student body is supposed to achieve in terms of
grades and scores. I would just wonder about that. I
would wonder how many of them are really as smart
as I think they are. And there's also a difference
between cognitive ability or test taking ability and wisdom. And

(29:36):
as all of you listening to this, especially those of
you who have lived more years on this earth than
I have, no wisdom is the most important. Wisdom is
the thing that really matters and makes the difference, and
that room had none of it. They lined up just
this is the last day or so reporting from the
Washington Free Beacon that these activists lined up to do

(29:57):
a shame walk of sorts for the dean who apologized
on behalf of Stanford University to the judge. So now
more students are shaming publicly the dean who apologize for
the behavior of the childish, maniac students that we're shouting

(30:20):
down this This is Biden's Democrat Party. This is why
I'm telling you this. These little activists, social justice warriors
at Stanford Law School. They've been doing this for years now.
This is their mentality has been the same, stretching back
for the last decade. And so they're now there are
you know, they're they're people that work in the DOJ

(30:41):
and they work for the White House, and they're they're
in the structures of power there. This is not just
student radicals who will deal with the reality of life
when they get out. They are the Democrat base. Now,
they are the Democrat Party. This is why Biden is
in this uficult position, not that difficult for Joe Biden

(31:03):
because he is a man with no honor or integrity
to protect in the first place, because Joe Biden has
no integrity to protect. He has a lot of latitude
for what he can do. It doesn't matter what does
he believe, what should he believe? That's always the Biden response.
Who is Joe Biden? Who do you need him to be?
That's how Joe Biden approaches everything in politics and life,

(31:26):
stretching back for as long as he's been a public figure,
which is longer than I've been alive. So he's the
right guy for this job. But it's a difficult job
pretending to be something when it counts with the voters,
while he is something entirely else when it comes to
the governance that he presides over as the head of
the Democrat Party. Whether he's a puppet or not doesn't matter.

(31:48):
He's still the figurehead. Right. So this brings me to
this interview he did on The Daily Show, and here
Joe Biden has asked about there are a number of
states that are that are banning transgender surgery for children.
How many of you listening to this right now had

(32:10):
never even heard of transgender surgery, including doctors. By the way,
transgender surgery for children until the last five years made
the last two or three years. I think the answer
is a lot. Almost everybody. This is new. There are
no long term studies. There is no real sense as
to how this could be medicine because this is not

(32:33):
studied in any meaningful way. They won't talk about it.
They just want to be able to do it. They
want to be able to do gender mutilation of children
and call it medicine. And they are. You see how
they how they have turned on the issue of abortion.
For example, the left to Democrat party used to say, oh,

(32:54):
it's just you know, safe, legal and rare, or oh,
we wanted to be something that people women can shoot
for themselves as a freedom, but you know, we're not
going to celebrate it. Oh no, And then eventually they
were celebrating it. You know, take my word for it.
You'll see women at these pro abortion marches. You know,
Shout your Abortion was a whole campaign for Shout your
Abortion a whole campaign for a while, celebrities talking about

(33:16):
how abortion was such a great decision for them, Usually
women who were actresses, who you know are on marriage
number five and you know, I've had I've made a
mess of their lives. But anyway, though, they'll say Oh,
abortion was such a great, great thing for my career.
That's usually what they say. So they do end up
celebrating it, and they're willing to completely forget about the
morality that is involved and that the loss of a life.

(33:37):
So given their position on an abortion, you have to
understand if left unchecked, the psychological contagion of gender ideology
for kids, for adolescence, for prepubescent children, that gender contagion
ideology is something that they will they will go from

(34:00):
saying it is rare. Why do you focus on it?
It is rare? Why are you making such a big
deal of it too? It is mandatory and you better
celebrated or else. You know, this is coming the slippery slope,
as everyone says on Twitter these days, is the undefeated champion.
You know what they're going to do. So we stand
and fight or we know where they're going to take

(34:21):
this politically, stand in fight, we stand up and say
enough is enough or the pathway is clear. I bring
you Joe Biden, good old fashioned Joe guy was alive
when the Second World War was ending, right, Joe Biden's
been around forever. He's such a traditional Democrat, a union

(34:42):
you know, lunch pail carrying, pro labor democrat, you know,
all this sort of stuff that doesn't even exist anymore,
by the way, but that's what they'll say. That guy,
Grandpa Joe, you can count on him. Here he is
when speaking about gender mutilation of children. Teenagers, thirteen year olds,

(35:02):
fourteen year olds have their genitalia removed, and they say transition.
There is no transition. You know. Jordan Peterson, bless him.
You know, he takes he takes important shots on important
issues he may have seen recently. And he got a
little profane, he got a little fiery on Twitter. He
pointed out, there is no transitioning of a pianist to

(35:24):
a vagina. That is not possible for humanity, for a
human being, it cannot be done. It is not a
thing that is medically possible. So then why do they
say we're going to create No, they don't, and that's
for adults. They want to try similar procedures involving children.
This is madness, This is monstrous. And yet Joe Biden,

(35:47):
good old fashioned, middle of the road Joe. Here he
is when he's asked about transgender kids play fifteen. What's
going on in Florida? Is my mother would say close
to sinful. I mean, it's just terrible what they're doing.
Not like you know, a kid wakes up one morning
and says, you know, I decided I want to become
a man, or I want to become a woman, or
I want to change. I mean, what are they thinking

(36:08):
about here? We're human beings. They love, they have feelings,
they have inclinations that are I mean, it's just to me,
is I don't know? It's cruel. And the way we
do it is we make sure we pass legislation like
we passed on same sex marriage. If you best with that,
you're breaking the law and you're gonna be held accountable.

(36:29):
First of all, notice the Biden go to he has
he can't really just discuss what it is that his
side wants, so he does this. You know, man, we're
talking about human beings, you know, people who love and
feel and yeah we all know that, buddy, We're talking
about not gender mutilating children, which will ruin their lives.

(36:51):
It will ruin their lives. Okay, start with that. He
acts like that's the position of kindness. Oh, a fourteen
year old girl will to be a fourteen year old
boy because some activist therapist, had three sessions with her.
Let's do it, Let's go take him to the doctor.
Oh the parents. Let me ask you this. Do you

(37:11):
think Joe Biden would sign a law that would prohibit
parents stopping gender transition surgery for their kids if a
medical professional slash activist decided that it was appropriate. I
think he would. I think he wouldn't a heartbeat. I
think that Joe Biden has been a lie his entire
public life. All that is his lies With this guy,
he stands for nothing. He is a figment of the

(37:35):
imagination of the voters who have been tricked into voting
for him, who think they're getting something else. The Left knows.
They think he's great. He's the trojan horse. He's the
vessel for everybody who's, ah, I'm a moderate and he's
going to be normal and everything else. No, he's not.
Joe Biden exists to be a facade that the Left
can rely on to make them seem less insane because

(37:58):
of his appearance, of his grin, because he's always lunch
pale Joe riding the chew chew into DC every day.
Here he is talking about transgender surgery for teenagers, and
he does the usual come on, man's people, you don't
like go feelings. Yeah, exactly. These are little human beings
who should not be subject to the mass psychosis of

(38:22):
leftist activists and the obvious social contagion that is transgenderism
for kids, which just has exploded in the last few years,
up thousands of a percent. And we're not even saying. Look,
they we're not even talking about adults. Adults want to
you know, they want to have, you know, different surgeries
and you know, sho change their names to all these things.
They're adults. They get to choose all that we're talking

(38:43):
about protections for children. And where does Joe Biden stand
on this? He's saying, it's not like they wake up
one day and decide, I'm just gonna know, that's exactly
what they do. Because the society around them, because TikTok,
because the Democrat Party, because Holly would all, because people
they look up to who have neither wisdom nor morality

(39:04):
to draw upon, tell them, this will make you the
center of attention, This will make you live your truth,
This will make your life better. They're being lied to.
They are being lied to, and Joe Biden is the
liar in chief. That's what you see here. So all
this stuff about, Oh he's gonna return us to normalcy. Oh,

(39:28):
it's gonna be fine. You know you can trust good
old Joe. Grandpa Joe gets asked about gender mutilation of
miners and what does he say, Come on, man, we
need to pass a law. And he mentions, he mentions
the gay marriage, which is for adults. What does that
have to do with gender mutilation of miners for transgender purposes?
What does he even think he's talking? Doesn't even matter.

(39:50):
He's just there to fool enough of the easily fooled
so that the great mass of the left can get
their way. That's it, and it's it's wrong, folks, It's wrong.
He's something that everyone needs to understand. It's all based
in all based in lies, all based in misrepresentations. Sometimes,

(40:12):
my friends, it feels like our world is getting crazier
by the day. You don't say there was ever a
call to attention on being prepared for anything and everything.
I think this is as good a time as we've
seen in a long time. That's why we seriously recommend
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but it's preparation that we have to embrace and make

(40:33):
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now my Patriot Supply dot Com. Our two of clay
in buck gets going right now. Everybody. Thank you very
much for being here. And the positions of various GOP
contenders on Ukraine. It's something that got a bit of
attention last night. Tucker Carlson reached out his show and

(41:37):
reached out to contenders for the GOP domination because we
now have a full scale war going on in Europe
between two advanced industrialized economies and one of them has
a whole lot of nukes and a whole lot of
energy reserves. And this is a big deal. It's also

(41:57):
in the backdrop of all the things we're seeing economically
play out right now too. You can't just leave all
this stuff on the side. This is factoring into the
sense of public unease right now. And I'll tell you this,
Does it feel like things are good right now in
the country honestly? Economically? Does it feel like things are good?

(42:19):
On the world stage? Biden is soon to be out
there telling everybody he is running for reelection and what
a great economy it is. I mean, he's going to
make these claims. The media is going to back him up.
And I'm just here to tell you they're lying to you.
They're lying. Do you you know that? But get ready

(42:39):
for it because it should annoy you. It should be
something that you find very frustrating. There should be a
part of you that feels like, wow, they are brazen,
because what's their alternative to admit that Biden is an
imbecile to agree with Republicans that many of the things,
whether it's the reduction in pursuing fossil fuels that has

(43:03):
happened because of the Biden administration, the decisions that have
been made across the board when it comes to regulation, taxation,
that all these things make us poorer, more depressed, less
free as a nation, less prosperous. No, they're never going
to met any of that. But Biden's got his handsful

(43:25):
right now because there's only so much the media can
do to make things seem better than they are. And
on the issue of Ukraine and Russia, I do think
that the GOP is going to have a bit of
a fight on its hands here. Internally, Democrats are They're
the party of if there's a war that we can

(43:46):
fund or fight in that doesn't actually benefit America, Democrats
are all in. Democrats and Lindsay Graham sign them up.
I mean, not to fight, but sign them up to
send your children and your money to that conflict. Republicans
at least tend to be more likely to there a
lot of there's a lot of provisos, a lot of

(44:09):
caveats in this because I just mentioned that Lindsay Graham,
but there are others as well. But there are at
least conservatives within the GOP tent who if there's gonna
be a war, it's to protect us and protect our interests.
Maybe maybe they're wrong about those interests, or maybe they're miscalculating,
but at least that's their purpose. So what are we

(44:33):
doing in Ukraine right now? And one are the various
candidates for on the Republican side think about it. I
thought it was very interesting that you had Ron de Santis,
who is not yet running for president, and everyone is
assuming that he will run, but we're not certain of that.
Obviously hasn't happened yet. Here's what he shed about America's

(44:54):
objective in Ukraine, And again hat tip to Tucker's show
forgetting this information, and Tucker read this on Fox last night.
Without question, peace should be the objective. The US should
not provide assistance that could require the deployment of American
troops or enable Ukraine to engage in offensive operations beyond
its borders. F sixteens and long range missiles should therefore

(45:18):
be off the table. These moves would risk explicitly drawing
the United States into the conflict and drawing US closer
to a hot war between the world's two largest nuclear powers.
That risk is unacceptable. I agree that risk is unacceptable.
I think that is an eloquent and well thought out

(45:42):
position from Rhonda santists on this one. Trump was in Iowa,
and I mean he put this in. He also responded
in writing, but I thought it he'd better to hear
this that Trump said, this is clip three. He is
the only candidate who will make this promise that he
will prevent World War three. Play it standing before you today.

(46:06):
I am the only candidate who can make this promise
I will prevent World War three because I really believe
you're going to have world working. He will prevent world Now,
that's an important promise to be able to keep. That's
something that really we all, you know what we're all

(46:29):
I would well, I think all Democrats would even go
along with that one. Certainly all same people would go
along with wanting a future Trump administration to be successful
in keeping the promise of averting World War three. I
think that's a big deal. We all know that. So
that's a central issue. I think you're going to see

(46:49):
this getting fought out a whole lot more in public.
I also think you're going to see an increase in
the kinds of technology and the personnel and everything else
that the Russians and the Ukrainians are putting onto their
front lines. Going into the spring fighting season, the Russians
have reportedly had a massive call up of more not

(47:13):
just reservists, but conscripts. So this is going to be
a fight that gets even bloodier, and it's going to
go on for years. And the US has to understand
now and has to have the discussion now about what
our objectives are war and peace. This stuff really matters,
matters to all of us. We've gone through twenty years
of the American people having our men and women in

(47:37):
uniform deployed overseas. Trump got us to the end of it.
Biden did pull the troops out of Afghanistan. And you know,
I keep saying this because I just want to make
sure that we don't have four more years of Democrat
because that's really forget. Biden is just the puppet Democrat regime,
democrat apparatus running the country. He is going to point

(47:58):
to Afghanistan as a success, and it's going to resonate
with a lot of people not the war as a success,
obviously the withdrawal, because memories are fading about what a
debacle the actual withdrawal was and who we left behind.
And all people will know is when Biden says, you know,
I pulled out the troops. He did, So that's going

(48:20):
to be a useful narrative for him. The same way
you're seeing Biden moderate on he's monitoring on fossil fuels.
You see, he just is going to approve this project.
The environmentalists are all upset about it. He's moderated on police.
See he's saying we need more cops, and he's not
defund the police. And the Biden that you and I know,

(48:42):
as in the Democrat administration that currently exists, isn't what
is going to be presented to swing voters to independence
in Arizona, Michigan, Wisconsin, Georgia, Pennsylvania. You get it. That's
not what's what all the ads they're going to run
and all the media narrative is going to be all
Joe Biden. Yeah, he's a moderate, he's a moderate. I

(49:04):
want to get to how much of a lie that
is in a moment. But I want everyone to understand
that that's where this is going, that the reality of Joe.
But you're not running against the reality of Joe Biden,
a decrepid old buffoon who spent decades doing whatever would
keep him in power in Delaware as a senator, you know,
as a machine politician for the Democrat Party who was

(49:27):
a joke to Democrats until five minutes ago. That's not
who you ran against. Was, you know, moderate normalcy, always
always grinning at people and saying that he feels their pain,
and yeah, you know, we're all just human beings. Let's
all just hug it out. The whole thing was a farce.
He's the president. Now you're going to be running against

(49:48):
the fiction that they're able to create with grains of
truth behind it about Joe Biden. So understand that. Okay,
that's one part of this. And then there's this from
from Donald Trump. I am a two time Trump voter.
I think that Donald Trump will wait, yes, sorry, two times.
I was like he didn't get two terms. Two time
Trump voter obviously voted for from in twenty sixteen and

(50:11):
in twenty twenty. I think that Trump did a very
good job as president. There are some areas where I
wish things have been a little different, but overall, a
very good job as president, and I think that he
has a lot to bring to the table now, and
I think he could be a very good president in
his second term. I also think that he needs to

(50:31):
have people around him who will tell him the truth,
the truth about some of the positions he's taken. By
the way recently, some of the videos he's put out,
some of the policy ideas really engaging, really worthwhile stuff
shows both the ability to learn and the ability to
project division for the future that I think would be
quite good for the country. But then there's other stuff

(50:54):
that comes out sometimes and I just I look at
this and I say, what is this? What is this
all about? Why? Why is Trump taking this approach? Who
is advising him? Or maybe it's just Trump himself, but
he needs advisors then to tell him this is not
the way, sir, talk about you as the leader of
the party with great ideas that will raise up all

(51:16):
Republicans and with it the entire nation be bigger. Then
some of the petty stuff. This isn't twenty sixteen. You're
not the guy that everyone's laughing at who has to
show everybody who you know, the real the real alpha
dog is right that it's not twenty sixteen. You have
been the president. There has to be a change. And

(51:37):
I bring it up because that he put out this
video and I want you to hear it. And if
you think I'm missing this or whatever, by all means
I want to open up the lines. Like I said,
I want to encourage the best of Trump, the best
of his ideas, the best of what he's got. And
you know, we are in a primary officially, and so
when I see this video, I think, no, no, no no,

(51:58):
this is not this is not people. By the way,
people say that it's it's funny. If I say maga,
they say you're supposed to say maga. And if I
say maga, people yell at me. He'd say it spposed
to be maga. I mean, I think this is tomato tomato. Right. Anyway,
here is Donald Trump praising Well you'll hear for yourself.
Play clip one. For those of you that didn't notice,

(52:21):
Florida was doing great long before Ronda Sanctus scot There
people are fleeing from New York to Florida and other
places because of high taxes and out of control crime.
It's really bad, not because of the governor. Thank you,
mister president for doing that, but it's not because of
the governor. Florida was doing fantastically. You had a governor

(52:43):
named Rick Scott who did a very good job. Even
Charlie Chris the Democrat, did a good job, but he
had very good numbers. Sunshine and ocean are very alluring.
It's not too hard to work with those factors. So
just remember Florida was doing really well long before run
to Sanctist got there. Okay, first of all, this sanctis

(53:04):
nickname Trump. Trump's nicknames used to crumble his opponents. Okay,
a low energy Jeb. Jeb never recovered for his presidency,
never or or a presidential campaign, never recovered from that
little Marco right with with Marco Rubio. That was at
the time. And by the way, some people say that
this stuff is unfair and it's childish, but I'm just saying,

(53:26):
at the time, these things worked. Say what you will
about them. They worked. The sanctus I don't, I don't.
I don't think so, I don't. I guess it's sanctimony,
is what we're kind of going for. Here. Um, it's
just not it's not clever enough, it's not worthy of
Trumpian nickname. It's just it's just not gonna work. So
I'm here to to just be honest with all of

(53:47):
you about what I see happening here in this primary. Look,
it's still super early. Descendus isn't even in the primary,
so why is he attacking a popular Republican governor. And
then on the issue of what's happened in Florida, if
all of you knew, the number of people in conservative
media who have moved to Florida in the last three
years is mind blowing. There's been nothing like this ever
before in my lifetime in this country. So many of

(54:11):
your favorite hosts, commentators, TV radio, podcasts, you name it
have moved to Florida and either doing partially you know,
six months of the year or something like that, or
here year round. And it's because this has become a
symbol of something, something is happening in this state that

(54:32):
the right and conservatism is seizing on. There's a momentum here.
And you see this from the eight hundred thousand people
who have I'm in Florida right now. You see this
from the eight hundred thousand people who have moved to
Florida since the beginning of the pandemic. You see this
from the lowest crime rate the state has had in
fifty years. It's always it's always had great weather, it's
always had you in recent memory, at least low or

(54:54):
no state taxes on income. So that's not going to
cut it. And it was the best state to be
in during COVID. I know because I was a New
Yorker who had come down to Florida during COVID to
experience normalcy when other states and other places I remember,
I mean Texas, I was very disappointed in Texas during

(55:14):
the pandemic. I love the state of Texas. I've thought
about moving there to live many times in my life.
But during the pandemic. Abbott was not very good. He
got better, he got you know, he got wise on
La COVID in lockdowns, but it took him a while.
Florida was the best state during the pandemic. We have
to be honest here about what happened, where we had
our victories, where we had our losses, and when you

(55:36):
have not a single statewide elected Republican in Florida for
the first time since the Civil War. That's different, that's
not a normal thing. Praising Charlie Christ. First of all,
he was a Republican when he ran the state, which
is hilarious because Charlie Christ has literally been a Republican,
a Democrat, and an independent. But this is not the way,

(55:58):
This is not the way for Trump. I want. I
want more of the ideas. I want more of the leader.
I want the narrative. You know, there's a there's a
time and a place for the brawling and the fighting.
But for me, this it just didn't work. If you
think I'm wrong by all means, let me know if
there are some Trump voters out there, and I mean
obviously a lot of Trump voters, I mean people for
whom Trump is the only option, the only option to

(56:21):
take on Biden. If you like this or didn't like
this ad, let me know. I'm very curious. Eight hundred
two two to eight eight two. We'll get into some
of that later on in the hour. So I think
that's very It's look, it's it's gonna be a heck
of a primary, folks, gonna be a heck of a fight.
I think that much is clear, you know. Nine hundred
dollars a lot of money. I don't care what part

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