July 31, 2025 • 44 mins
This week on Power Hour, Pelosi “panics” when grilled on insider trading, Kamala eyes 2028 after skipping California race, CNN blasted over NYC shooter coverage, Biden paid $10M for memoir, and Katy Perry spotted dining with Justin Trudeau.
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Speaker 1 (00:02):
This is Power Hour with Gabriella Power.
Speaker 2 (00:07):
Hello and welcome to Power Hour. I'm Gabriella Power. Thank
you for joining us.
Speaker 1 (00:12):
Well.
Speaker 2 (00:13):
Former House Speaker Nancy Pelosi was visibly uncomfortable today when
she was asked about insider trading, doing everything she could
to change the topic. Nancy Pelosi has faced allegations of
insider trading. The New York Post reports that her investments
with her husband, Paul Pelosi, upperformed every major hedge fund
(00:33):
last year, and the couple raked up between eight and
forty two million dollars in twenty twenty four, which means
that their net worth could be around four hundred million
dollars now.
Speaker 1 (00:43):
President Donald Trump called on Nancy.
Speaker 2 (00:45):
Pelosi to be investigated, which we will show you in
a moment. But this is how Nancy Pelosi responded to
the accusations during an interview with Jake Tapper.
Speaker 1 (00:56):
But let me just read what he said. I'm sorry
that we had some sort of technicalish, Nancy Pelosi.
Speaker 3 (00:59):
We came, I might have to read that we're here
to talk about the sixtieth anniversary of Medicaid.
Speaker 1 (01:05):
That's what I agreed to.
Speaker 4 (01:06):
Come to talk to.
Speaker 1 (01:06):
Yeah, but I wanted to do that means in the election,
I wanted to give you a chances to respond. He
accused you of insider trading. What's your response to that.
Speaker 3 (01:14):
That's very ridiculous. In fact, I very much support the
trading of members of Congress, not that I think anybody's
doing anything wrong. If they are, they are prosecuted and
they go to jail. But because of the confidency, it
stills in the American people don't worry about this. But
I have no concern about the obvious investments that had
(01:39):
been made over time.
Speaker 4 (01:41):
I'm not into it.
Speaker 3 (01:42):
My husband is, but it isn't anything to do with
anything insider. But the president has his own exposure, so
he's always projecting. He's always projecting, and let's not give
him any more time on that.
Speaker 5 (01:54):
Please.
Speaker 3 (01:54):
We're going forward here, and I'm very proud of my family.
And while he might make fun of us, while somebody
inspired by him breaks into her home and hits in
a deadly fashion, HiT's my husband over the head, and
he thinks that's a riot, I'd rather not go into
some of my other complaints about him right now.
Speaker 2 (02:14):
Is she panicking there? She says, the accusations are ridiculous.
And maybe they are, but she clearly didn't want to
spend two much time on that subject. Now, a large
chunk of the Pelosi's fortune has come from their stock
portfolio and trading at just the right time, all done
in poor Pelosi's name. Last year, it's documented that they
dumped five thousand shares of Microsoft stock, worth an estimated
(02:37):
two point two million dollars in July, just a few
months before the FTC announced an antitrust investigation into the
tech giant. They also sold two thousand shares worth more
than five hundred thousand dollars of Visa stock less than
three months before the company was hit with a DOJ
monopoly lawsuit. They made several other trades, and that meant
(02:59):
that do their investment portfolio pulled in an estimated fifty
four percent return, more than double the S and P
five hundred and twenty five percent gain and beating every
large hedge fund, according to numbers in Bloomberg Now. The
President unleashed on Nancy Pelosi today after saying that he'll
consider Senator Josh Holly's proposed stock trading ban that aims
(03:21):
to ban politicians from trading stocks while in office.
Speaker 6 (03:26):
You know, Nancy Pelosi became rich by having inside information.
She made a fortune with her husband, and I think
that's disgraceful. So in that sense, I'd like it, but
I'd have to really see the you know, I study
the things very carefully, and this just happened, so I'll
take a look at it. But conceptually I like it.
Speaker 7 (03:45):
And what I do.
Speaker 6 (03:47):
Think is Nancy Pelosi should be investigated because what she
has the highest return of anybody practically in the history
of Wall Street save a few. And how did that happen?
It happened by she knows exactly what's going to happen,
what's going to be announced you by stock, and then
the stock goes up after the announcements made, and she
(04:09):
had to be investigated.
Speaker 2 (04:11):
How did that happen? He's not the only one asking
that question. In the past, Nancy Pelosi has rejected calls
for a stock trading ban, insisting we're a free market economy,
but she's since changed her mind, and as she gets
closer to the end of her career, she now supports
the trading ban. Jenning us Now is a host of
(04:34):
after Party on MK Media. Emily Dasinski Emily, it is
great to see you again. Congratulations on your news show
after Party with Emily Dashinski. I've been loving it. How
are you finding it? Are you enjoying being in the
hosting chair?
Speaker 4 (04:48):
Thanks?
Speaker 8 (04:49):
Yeah, No, it's absolutely been a blast. And we're live
actually on weeknight. It's Monday and Wednesday ten pm, so
doing live, doing live shows is also just so completely
differ So it's been a lot of fun.
Speaker 2 (05:02):
I'll keep it up. We can't wait to watch them more.
Let's get into some of the topics of the day.
Nancy Pelosi looks like she was panicking a bit during
that interview with Jake Tappo and she was asked about
insider trading. Now, we know that there's been a lot
of speculation for some time about how someone on two
hundred grand a year is worth hundreds of millions of
dollars and her husband is just very good on the
(05:24):
stock market.
Speaker 1 (05:25):
I want to get your thoughts.
Speaker 2 (05:26):
What do you make of Nancy Pelosi now supporting the
stock trading ban and also the president today calling for
her to be investigated.
Speaker 8 (05:34):
Yeah, the stock trading ban is interesting because Nancy Pelosi
is one of the reasons that the original Stock Act
of twenty twelve ended up getting passed. Now that was
bipartisan at the time. There were Republicans and Democrats, but
Pelosi was the most prominent Democrat. Peter Schweitzer's reporting at
the time had revealed just how much trading her husband
was doing and how obviously it conflicted with her business
(05:56):
in the US Congress. But the Stark Act is not something.
I mean, one of the this is still such an
issue for so many people is that the Stock Act
is not It doesn't have a lot of teeth, and
so you need something else that's basically just a full ban.
Otherwise there's a million ways to get around it. And
Nancy Pelosi is now at the end of her career.
There's a populist wave here in the United States. I
think she sees the writing on the wall. But I mean,
(06:18):
come on, like this is this is where Paul Pelosi
has made so much of their family fortune over the
last several decades. You know, if this had happened several
decades ago, the Pelosis would be a lot less rich.
Speaker 1 (06:31):
Yeah.
Speaker 2 (06:31):
Absolutely, Look, it's interesting looking at the Democrats. The party's
approval writing is at a record low, but Rolling Stone
magazine published polling this week that found that voters say
Democrats as more corrupt than Republicans. This is a liberal
impact research that also found that voters deemed it very important,
fifty three percent classifying.
Speaker 1 (06:51):
It as a very big priority. Why do you think
that is?
Speaker 2 (06:54):
Why do you think that people are saying the Democrats
is more corrupt.
Speaker 8 (06:59):
Here in Washington that survey, If you mentioned it at
an event or a pub, people would absolutely have their
jaws on the floor, because Washington doesn't realize this is
how the country sees the Democratic Party. They think that
Trump has been such a political gift with all of
the baggage that comes with this guy being a businessman
who's had deals in Russia, in the Middle East and
(07:19):
all of that. They don't realize that Trump has actually
pretty successfully called voters' attention to what Democrats have been
doing with less media coverage for years and years in
the shadow of the press kind of muck breaking on Democrats.
And so I think it's actually very interesting, especially now
(07:40):
after the myriad news cycles on Elon Musk and Doge,
that this pole is still finding that this is a
bigger problem for Democrats who really thought that they had
a slam dunk with Musk and Doge in terms of
overcoming Republicans on metrics exactly like these. So they have
a lot of soul searching to do, and honestly, here
(08:01):
in Washington, my view is that they are not doing
it and they don't even understand what to do at
this point.
Speaker 2 (08:07):
Well, I think it's not just in Washington, people around
the world of thinking what on earth are they doing?
What direction are they going? In wll We know that
a former Vice president, Kamala Harris, has confirmed that she's
not going to be entering the twenty twenty six California
governor's race, ending months of speculation about her return to politics.
Speaker 1 (08:26):
But in her statement, she said she.
Speaker 2 (08:27):
Reflected deeply and decided not to seek elected office for now.
The keywords there, she wrote, for now, my leadership and
public service will not be in elected office. I look
forward to getting back out and listening to the American people,
helping elect Democrats across the nation who will fight fearlessly,
and sharing more details in the months ahead about my
(08:49):
own plans. Now, Emily, this certainly opens the door for
another run for president in twenty twenty eight.
Speaker 1 (08:55):
How likely is it that we'll see that?
Speaker 8 (08:58):
Yeah, I mean I think right now indicates how serious
she is about that. And it's obviously a good decision
for Kamala Harris to stay out of the limelight for
as long as is humanly possible, because she's such a
toxic brand right now for Democrats. She's someone who just
reminds them of the Biden cover up, and average voters
actually still really care about that. You hear Democrats in
(09:20):
Congress like Marie Glusen camp Perez talking about how her
own constituents still talk about this and still care about
the Biden cover up, and Kamala Harris is a big,
walking reminder of that every single day. So it makes
sense for her to stay out of any urgent, imminent race.
But I think partially the other reason is that she
can start rebuilding for a political future, talking to donor
(09:41):
seeing what her lane would potentially look like in twenty
twenty eight, instead of thrusting herself back into campaign life
and governing decisions where you have to you can't really
sit back and let the pieces fall. You have to
be an active part of putting them where you want
them to be on the board. I think she recognizes
that it will behoove to come into that process later
(10:02):
and not really be a leader in the Democratic Parties
transition phase right now.
Speaker 2 (10:07):
Well, speaking of the Biden cover up, former President Joy
Biden is now writing in weenoir about his time in
the White House. He's importantly getting ten million dollars up
front to write this. I mean, Emily, what are the
chances that he's actually going to be writing this one.
He might be bringing back the old open all staff
who are actually running the country to get this done well.
Speaker 8 (10:28):
Memoir is, of course a derivative of the word. Remember,
I have a very hard lot. I have a very
hard time believing that Joe Biden's memories of his time
as President of the United States are detailed and vivid
enough to constitute a really compelling memoir without someone else
filling in a lot of the blanks for him. And
(10:50):
I think, I'm sure that's about what we're going to see.
He's right now ailing from a belief stage four cancer,
very serious cancer diagnosis. So it's actually it always just
makes me sad, and it makes me mad on behalf
of the country. But it makes me sad also for
him to just see him try to build this legacy
after serving an office, trying to run again and dividing
(11:13):
the country so much over what was obvious for everybody
to see.
Speaker 1 (11:16):
Yeah, I agree with you.
Speaker 2 (11:17):
It is so sad, and I think the people around him,
including his family members, have a lot to answer for.
I want to ask you about an incident that took
place in the United States this week. There was a
horrific attack in Cincinnati where vision went viral of thugs
attacking two people just in the streets. You know, a
vision that was horrific. We decided not to play it now,
(11:37):
Cincinnati Chief of Police. She held a press conference where
she unleashed on the media.
Speaker 1 (11:43):
And those posting on social media about it. Take a listen.
Speaker 9 (11:48):
Social media and journalism and the role of plays in
this incident.
Speaker 10 (11:52):
And yes, guys, that's you.
Speaker 4 (11:55):
That is you.
Speaker 10 (11:58):
Social media. The post that we've.
Speaker 9 (12:01):
Seen does not depict the entire incident. That is one
version of what occurred. At times, social media and mainstream
media and their commentaries are a misrepresentation of the circumstances
(12:21):
surrounding any given event. What that does That causes us
some difficulties in thoroughly investigating the activity.
Speaker 2 (12:33):
Emily, I just find this bizarre that the blame is
for this attack in a way is getting put on
the people who filmed it and shared it on social media.
Speaker 1 (12:43):
It's also while that she's blaming the.
Speaker 2 (12:45):
Media there, because I noticed that there was really a
lack of coverage when it came to this event. It
took the mainstream media quite a long time to actually
cover this.
Speaker 8 (12:56):
Right, and she seemed to be lashing up, particularly at
social media sleuths because the video first caught the attention
of the country when it went viral on x and
on social media accounts. And what she's not saying there
is exactly what those online sleuths have gotten wrong or
what the media, which you're right, is barely covering the
story what they got wrong. And so the self righteousness
(13:21):
and the pompousness that you can hear in her voice,
I mean, it's understandable that somebody in law enforcement gets
frustrated by reactions on social media that make a case
that much harder, but it's part of her job, and
to not even have an actual serious piece of criticism
against those social media sluths was incredibly counterproductive, and frankly,
(13:43):
it was infuriating to the perspective of somebody who wanted answers.
Speaker 1 (13:46):
Yeah, absolutely completely agree with you.
Speaker 2 (13:48):
Finally, Katy Perry has been spotted back from space sat
on a dinner date with Canada's Forma prime minist Justin
Judai TMZA has released photos of the American singer grapping
dinner with him Montreal.
Speaker 1 (14:00):
Look neither of them very popular. What's the reaction to this?
Speaker 11 (14:04):
Vein, I think she's still in space now, he's still
up there joining it on her dream date with Justin Trudeau.
Well yeah, I mean, listen, they both are sort of
recently separated, divorced.
Speaker 8 (14:17):
It's incredibly strange, but not surprising because I think they're
both people who enjoy the limelight that they would be
finding solace and other celebrities. So I'm excited to see
where this goes. I bet it's going somewhere. They've stopped
at the park apparently before this date, so it seems
like it might have some legs.
Speaker 1 (14:36):
And Justin Trudeau, I.
Speaker 8 (14:38):
Mean, he's got more time on his hands now, so
he certainly can give her some attention.
Speaker 2 (14:43):
Emily Dafinsky Harst of Active Patty with Emily Dafinski, thank
you so much for joining us on how I'll get
to speak to you again.
Speaker 8 (14:50):
Thank you appreciate it.
Speaker 2 (14:55):
It's time full medium meltdowns, and this week it seems
nothing has the mainstream media more than this American Eagle
ad featuring actress Sydney Sweeney.
Speaker 1 (15:14):
I thought you want to try these chans.
Speaker 12 (15:16):
Sydney Sweeney has ury keens.
Speaker 2 (15:19):
An ad so offensive with its play on the words jeans.
Now it brought this TikToker to tears.
Speaker 13 (15:26):
I got me too, and I don't know why. Maybe
because it's just so blatant. I keep thinking that people
just are not gonna believe us until we're hung out there.
But then even then I feel like they'll be like,
oh no, kind of like they are with.
Speaker 2 (15:47):
Of course, this wasn't American Eagle hiring one of the
hottest actresses in the world right now to sell their product.
It had to be something much darker.
Speaker 1 (15:56):
You'd be surprised that a company whose name is literally
American Eagle is speaking fascist propaganda like this.
Speaker 10 (16:02):
Probably not.
Speaker 2 (16:04):
I could be wrong, but something tells me that Sydney
Sweeney is not a Nazi, and neither is a CEO
of American Eagle.
Speaker 1 (16:10):
Who is Jewish.
Speaker 2 (16:12):
But what we just heard were the opinions of some
left wing lunatics. What has the media had to say
about this, well, they are in meltdown. MSNBC has published
this opinion piece which is hilarious. The headline reads, Sidney
Sweeney's ad shows an unbridled cultural shift towards whiteness. Oh no,
let's just bring you the best parts from this. The
(16:34):
subheading has advertisements are always mirrors of society, and sometimes
what they reflect is ugly and startling, and parts of
the article are just so absurd. Journalist Hannah Holland writes,
the backlash has been swift and fierce, and some of it,
at least, if you ask me, is fair. In the videos,
(16:54):
Sweeney exudes a sort of vintage sexiness that caters to
the male gaze that is certainly not allowed. Together, the
campaign feels regressive and not retro and of course offensive.
Her willingness to participate in such an obviously damaging and
depending on who you ask, even dangerous advertising campaign as
(17:16):
the latest American Eagle collection is disappointing, damaging, and dangerous.
Whoever this journalist is, she should join the lefties crying
about it on TikTok. But here in Australia, our media
is just as ridiculous. The Sydney Morning Herald had a
piece on it where they publish comments from some marketing
genius who describes the ad as a misstep essentially because
(17:39):
it features someone not very diverse. Yes, shame on American Eagle.
This expert claims that it's not a smart business move
or a good societal move either. It's a bizarre assessment
given that this is the most talked about clothing company
in the world right now, and all those lefty tiers
that we're seeing on TikTok just keep driving up American
(18:02):
Eagles share price. That sexy Sydney Sweeney ad just made
American Eagle two hundred million dollars in five days. Joining
us now is RNC Youth Advisory Council co Chair ce
J Pearson.
Speaker 1 (18:17):
It is great to see you again.
Speaker 2 (18:19):
Look, the mainstream media says that Sydney Sweeney's ad for
American Eagle is damaging and it's dangerous, and of course
TikTokers say that it's Nazi propaganda.
Speaker 1 (18:30):
CJ. What's your take on all of this.
Speaker 7 (18:33):
I think these people need to be medicated or seek therapy,
to be quite frank with you, Gabriela. You know, now
look at this ad. What I see is just honestly envy.
I don't see anyone that have, you know, is actual
of importance actually criticizing this ad when I see the
people that are saying that it's setting women back. Where
are these people when Dylan mulvany was erasing actual biological
women and taking away opportunities from them when it came
(18:55):
to tampon sponsorships. Where were they when folks like Lea
Thomas were taking away you know, championships from hardworking individuals
like Riley Gaines. They were nowhere to be found, nowhere
to be heard from. But now all of a sudden
they care about setting women back. The hypocrisy, Well, it's
ever clear.
Speaker 1 (19:11):
Good point.
Speaker 2 (19:13):
Let's turn to the deadly mass shooting in midtown Manhattan
that we saw this week, where four people, including a
police officer, were killed when a gunman stormed into a building. Now,
during se n's coverage of the shooting Sceneann Ancha Aaron
Bennett rushes to suggest that the stuoter was possibly white.
Speaker 1 (19:32):
All right, so Brian, stay with us.
Speaker 14 (19:33):
The deputy former Deputy Director of the FBI, Andy McCabe
is with us as well. And Andy, I just want
to ask you you talk about a forty four forty
four story building, as Brian is reporting, and what John
Miller just said, there were a few things that really
stood out there among.
Speaker 1 (19:50):
Them that they did get.
Speaker 14 (19:50):
They do know what he looks like, sunglasses, mustache, male, possibly.
Speaker 1 (19:54):
White, CJ. What is going on with San N's coverage?
Speaker 7 (20:00):
You know, this is part of the course for them,
and it's exactly why, you know, we really probably don't
hate the liberal media enough. All these people know how
to do is lie in Stoke Division. Imagine if they
had replaced the word white in that sentence with black,
they would be off the air. Tomorrow. The NAACP we
release a statement calling for their condemnation. The Biden DOOJ
probably would have sued them off the air. But yet,
(20:21):
because he's a so called it could have been possibly white,
as we know now that person to be not.
Speaker 10 (20:27):
That at all.
Speaker 7 (20:28):
They just absolutely screwed accountability. It's disgusting, But again it
goes to show exactly why people just don't trust the
media anymore.
Speaker 1 (20:35):
Yeah, that's true.
Speaker 2 (20:37):
Now, as New York City reels from that mass shooting,
there's plenty of focus on Democratic mayoral nominee Zoran Mamdanie
he's recent pledged to eliminate a k police department that
handles mass shootings. So just back in December, he pledged
on x to disband the New York Police Department Strategic
Response Group. This is a group that's responsible for ryots,
(21:00):
the civil disorder and shootings. He wrote, as mayor, I
will disband the SRG, which has cost taxpayers millions in
lawsuit settlements and brutalized countless New Yorkers exercising their First
Amendment rights.
Speaker 1 (21:13):
Now we know that zerun mam.
Speaker 2 (21:15):
Daney has previously called to defund the police. He's now
back from his wedding in Uganda and he was asked
if he regretted making some of those comments, and he
doesn't say no.
Speaker 1 (21:25):
Take a look, do a voice.
Speaker 7 (21:27):
You hadn't said some of those things a few years back.
Speaker 5 (21:34):
My statements in twenty twenty were ones made amidst a
frustration that many New Yorkers held at the murderer of
George Floyd and the inability to deliver on what Eric
Adams of all people described as the right for all
(21:58):
of us to be able to enjoy safety and justice.
That we need not choose between the two.
Speaker 2 (22:04):
I mean what does this say about Ma'm donnie. He
is entitled to police protection, he says, he's grateful for that.
But a New York is going to wake up, I
mean as to who this man really is.
Speaker 7 (22:16):
You know, God willing they will. But I gotta say
these comments aren't only disgusting, but they're disqualifying. And if
Zoe Randmonddanni believes that the police are not capable of
doing their job in the city of New York to
keep people safe in that community, then I hope that
he actually goes and tries to do their job himself,
because I guarantee you he will never be able to
do it, and maybe that will actually lead us some
(22:36):
appreciation shown for him towards the men and women who
wear the blue protect our communities every single day here
in the greatest country in the world and what used
to be the greatest see in the world, but runs
the risk of no longer being if he becomes mayor.
Speaker 2 (22:50):
I want to ask you about Chuck Schuma, new York
senator and Senate Democratic Later Chuck Schumer says that Republicans
don't believe in democracy, and well, we've all heard that before,
but according to him, poor people or people of color
wouldn't be able to vote in America if there was
voter ID.
Speaker 15 (23:07):
Joe's why we.
Speaker 14 (23:08):
Need legislation, because these guys are undoing everything in every.
Speaker 1 (23:13):
Way they can.
Speaker 7 (23:13):
They don't want poor people to vote, they don't want
people of color to vote, they don't want Democrats to vote.
Speaker 1 (23:20):
They don't believe in democracy.
Speaker 5 (23:21):
We do.
Speaker 2 (23:24):
You know, I thought the argument for voter ID is
to make sure American citizens are the only ones voting
in American elections.
Speaker 1 (23:30):
Am I missing something?
Speaker 11 (23:32):
You know?
Speaker 7 (23:33):
That's pretty damn racist. I actually thought I was watching
a live stream of KKK rally when you played that back.
You know, here's the deal. The idea or the notion
that black people are somehow too dumb, too stupid to
figure out how to get a photo ID to vote,
which is one of the sacred responsibilities we have as
American citizens in this country, is not only preposterous, but
it's downright offensive. And Chuck Schumer should be a shame.
(23:53):
But also to let this be insightful and to the
way in which the Democrat Party views the black community
this country. Black folks need to wick this country and
realize this is how these people see us and That's
exactly why we should reject them.
Speaker 2 (24:06):
I want to talk to you about south Park Cartman.
He is going to be playing Charlie Kirk in the
next episode. We know that the latest season has launched.
It's already slammed their streaming home Paramount Plus and the
President Donald Trump, but in its latest episode, it appears
to take aim at co founder of Turning Point USA,
Charlie Kirk.
Speaker 1 (24:25):
Let's take a look Wednesday, August six.
Speaker 3 (24:28):
You can just shut up, baby, because you hate America
and you love a vote.
Speaker 13 (24:31):
On it only south Park.
Speaker 1 (24:34):
Epic season continue.
Speaker 5 (24:37):
Look.
Speaker 2 (24:37):
I love Charlie Kirk, and I think south Park always
seems to nail it. Charlie Kirk says that he's looking
at this as a badge of honor.
Speaker 1 (24:45):
What do you make of it?
Speaker 7 (24:48):
You know, Charlie is a great friend of mine. I
got to tell you this is the reason the life
in the right. You know, we can roll with the plunches,
we can take a good joke, and I look forward
to seeing Cartman Akah, Charlie Kirk on the libs as
he often does all across the country. Read every single day.
Speaker 2 (25:01):
Okay, and finally on Donald Trump. He opened his New
Scottish golf course.
Speaker 1 (25:06):
Let's just take a them ting off.
Speaker 16 (25:10):
He's welcome onto the team and forty President of the
United States of America, Donald J.
Speaker 10 (25:16):
Trump.
Speaker 7 (25:17):
O Don.
Speaker 2 (25:40):
Then intro Donald Trump's style.
Speaker 1 (25:45):
He bragged about it. Let's take a look.
Speaker 5 (25:48):
Did you get to see my driver in the first
hall and you hit three?
Speaker 4 (25:52):
Pretty long?
Speaker 1 (25:53):
Pretty long.
Speaker 4 (25:54):
Let's let's st Joe Baiden. Let me tell you that's sound.
Speaker 10 (26:01):
That was a good drive.
Speaker 1 (26:03):
He's right about that, No, Joe Biden, No.
Speaker 7 (26:07):
I think he made an incredible point. From a president
who could even walk upstairs of Air Force one, or
a president who can do that. Gabrielle, I am twenty
two years old. I can't do that, you know, so
I'm a little bit embarrassed watching that. But you know,
this is of course goes to show that we were
a president who is at the top of his game,
high energy, and every single day delivering for the American
people and doing all that he can, not only to
(26:28):
save our great country, but to save the West altogether.
Speaker 2 (26:31):
All and C Youth Advisory Council co Chair C. J. Pearson,
thanks so much for joining us.
Speaker 10 (26:35):
Thanks for having me.
Speaker 2 (26:39):
Joining us now is economist and chief Operating Officer at
Fiscal Lab on Capitol Hill at Patrick Haraan Patrick, thank
you so much for your time. When we look at
political leaders around the world, President Trump is certainly one
of a kind. Love him or hate him, he's pretty extraordinary.
Here in Australia, our Prime Minister, I think is pretty uninspiring.
Speaker 1 (26:59):
I don't think Britain's is any better.
Speaker 2 (27:00):
But Argentina has one of the most interesting leaders with
President Javier Malay.
Speaker 1 (27:05):
How would you describe him.
Speaker 12 (27:09):
There's a lot of words to describe I think I
would say he's radical in many ways. He's changed the
direction Argentina had been going on for many, many decades.
He's had two big focuses, cutting spending a lot to
get an Argentina's fiscal house in order. That's one big focus,
and the other big focus is deregulating the economy. So
that's a radical shift for Argentina.
Speaker 2 (27:29):
Can we just look at some of those bold decisions
he has made and some of the consequences of them.
He cut government expenditure by thirty percent in his first year,
including cutting government departments. Now Argentina has achieved seventeen straight
months of fiscal surpluses, of June twenty twenty five, according
to the latest report from the Ministry of Economy, and
(27:50):
it's dramatically reduced the rate of inflation, going from a
monthly race rather of around twenty five percent in twenty
twenty three to less than two percent.
Speaker 1 (27:58):
Can you talk to us about.
Speaker 12 (27:59):
The sure As you say, inflation in June was about
one point six percent, and it was somewhere in the
previous month, in the month or so before that, So
inflation was very high when Malay first took office at
the end of twenty twenty three. It then continued to
rise within a peak, and it has fallen substantially. So
(28:19):
on a month of a month basis it's about one
and a half to two percent. That's high for more
developed wealth your countries, but that's very good for Argentina.
And on a year over year basis, inflation is thirty
percent thirty nine percent, still very very high. But keep
in mind Argentina's inflation weave had peaked at about three
hundred percent shortly after he took office, so they made tremendous,
(28:40):
tremendous progress. And given that he's running these budget surpluses,
as we have pretty good reason to be optimistic inflations
could continue to trans the right direction and some.
Speaker 1 (28:51):
Of his decisions.
Speaker 2 (28:52):
He describes it as taking a chainsaw to government regulations.
This has also led to a decline in the already
right in Argentina, Is that right?
Speaker 12 (29:03):
It has? Yes, So inflation has fallen a lot, as
I've said, and real wages have risen. And one reason
inflation is especially problematic is that it disproportionately hurts the
people with the lowest incomes the most. They tend to
be more constrained, they have fewer substitutes. When inflation kicks in,
it's harder for them to find cheap re al turns
on the price of the things they buy rises, so
(29:24):
they've benefit considerably from that. So, as you say, in
poverty has fallen a lot, I think a lot of
that has to do with the following inflation. It's it's
still fairly I mean it's still they're still high poverty
in Argentina. Urban inflation is still about thirty percent, So
there's still a lot of there's still Argentina still has
a lot of It still has a long way to go,
but it's been making considerable progress of the past year
(29:46):
year and a half.
Speaker 2 (29:47):
Looking at his approval writings, recent poll found that his
approval writing sort of about forty four percent last month.
Speaker 1 (29:55):
What do you make of that result?
Speaker 2 (29:57):
You know, how do people know of Argentina feel about him?
Speaker 12 (30:02):
Yeah, I mean there are people who like him and
people who don't like him. That's relatively good for leaders
around the world. I think they have a little bit
over the past few months, but it's nowhere near as
lowest from other leaders across the world. It's hard to tell.
He's going into a midterm cycle. It's not uncommon for
a midterm for the opposition party to gain a little bit.
But I would say his popular idea is fairly stable though,
(30:25):
and there are people There are people who don't like him,
but I think there are also people who see there's
a lot of there are a lot of problem in
Argentina and what he's doing. Yes, there's pain in the
short run. You have to consider the short run pain
will lead to long and frostprate. We're starting to see
already as he probably already has fallen a lot, inflation
has fallen, there's still a relatively hind I employment actually
(30:45):
ticked up a bit. Unemployment tends to be a lagging indicator,
So we're hoping that means that as time goes on,
unemployment will also fall.
Speaker 2 (30:53):
How is he going negotiating? His party only holds a
small fraction of legislative states, and he is a facing
and embold in opposition.
Speaker 12 (31:03):
He is, Yes, So it's in some of his powers
that he had through a law from a year or
so ago that's come to an end, So it might
be a little more difficult to keep up with his
agenda as possible. On the other hand, that as people
grow to realize, hey, Olay's policies lots you're working out,
maybe he'll get some more momentum. It's a little hard
to tell right now. Say in the next twelve months,
(31:25):
will he be able to be as productive as he
was in the first year of his administration.
Speaker 2 (31:29):
He faces reelection in December twenty twenty seven.
Speaker 1 (31:32):
Will he run again?
Speaker 12 (31:35):
I don't know. That's beyond me.
Speaker 1 (31:37):
Yeah, do you think he'd win?
Speaker 4 (31:40):
Well.
Speaker 12 (31:40):
I think he's made a lot of progress and things
could change in the next couple of years. I think
he's turned things around considerably, and I think really getting
inflation under control is really the that's one of the
biggest problems ergy. He's done such an excellent job with
that so far. Inflation is really a government policy choice.
It's a hard policy choice to get into control, to
use the high inflation getting the economy to grow well,
(32:04):
not for an unappointed Ye. Well, that's not really the
government's job. It's really private markets that's their job. But
that they can do that best when they're unencumbered and
always got rid of a lot of bad regulations that
are making it difficult to do business. I think between
those two things there's a lot of reason for people
to as some goes on and realize all these policies
in you're working out. So it's it's very possible that
(32:26):
in comment re election time people might say, actually, yeah,
let's keep this going.
Speaker 2 (32:30):
He recently announced a reduction in export taxes on poultry
and baef and corn, which was requested by Argentina's agricultural sector.
Speaker 1 (32:39):
Let's just take a listen.
Speaker 15 (32:42):
Than the many do this.
Speaker 17 (32:50):
Percento Gardness, Permanente, San permanentees in no posimias and superavi,
(33:17):
Cameo conco.
Speaker 16 (33:20):
Decerto and de los.
Speaker 15 (33:28):
So.
Speaker 2 (33:29):
He says this results in a twenty percent reduction in
export tax right for grain supply chains and a twenty
six percent reduction in export taxes for livestock and meat
supply chains. And of course he says, long live freedom,
Long live freedom. But what difference will this make.
Speaker 12 (33:47):
I think it's I think it should be a bruin
to the agricultural industry. In the agriculture industry in Argentina.
Agricultural products are big exports in Argentina, and pointed out
he's only able to do this because of the fiscal
through plus that his government has been running. Because they
embraced fiscal conservatism fiscal rectitude, they have more room to
(34:08):
cut taxes in other areas. It's an example of a
tax that wasn't so good for the economy. It was
a tax that fevered government. That government liked, it brought
in revenue, but agricultural exporters didn't like that. So it's
and again, I think this is the kind of tax
that that would be very good for the Argentina county
to make it more competitive internationally.
Speaker 2 (34:28):
Harvey Malay was one of the first leaders to meet
Donald Trump in person after Trump's election victory in November
last year. Now, the US is lifting visa restrictions which
will allow citizens from Argentina to travel to the US
for tourism or business without having to apply for a
visa in advance.
Speaker 1 (34:45):
What do you make of that? And how would you
assess his relationship.
Speaker 2 (34:49):
With Donald Trump At the moment, you know, it seems
to be pretty strong.
Speaker 12 (34:55):
Yeah, I think he is a travel for tourism or business.
I think that the good thing. I think for both
countries because both ways. I think greater certainty is good.
He's making business easier. It's good for the economies of
both countries. I don't know if it makes a huge
den statistically for boosting GDP or output or any other
(35:17):
metric nears countries, but I think it's a good sign
of friendliness between the countries. And I think IBM Lyndal
Trump are both they are both outsiders who are shaking.
Speaker 1 (35:25):
Things up, and absolutely they are.
Speaker 2 (35:28):
But it's interesting Malay has had I suppose an effect
on some world laters. Conservative Kemmy Bendenock says that she
wants to be Britain's Have you Malay?
Speaker 1 (35:37):
Let's take a look.
Speaker 16 (35:39):
Do you tell the nessonary newspaper the weekly or model
for economic success? The Argentine leader Javier Malay, who famously said,
he take a chainsaw to public spending and then cut
it by thirty percent inside the year.
Speaker 7 (35:50):
Have you got a chainsaw?
Speaker 15 (35:52):
We need to live within our means, Trevor. We've been
having a long debate about welfare.
Speaker 16 (35:56):
I know that we're going to bring out of your chainsaw.
Speaker 15 (35:58):
No, I wouldn't literally use a chainsaw. But it was
a very, very visual story that he told about making
sure that Argentina lived within its means. We're a different country,
we have a different setup, but we need to start
thinking about the next generation. We are borrowing our children's
money to pay for today, to pay for welfare, we're
p paying one hundred billion pounds on dead interest. That's
(36:21):
just not fair.
Speaker 16 (36:22):
Okay, it's very disapporting. I like a leader who knows
yet a chainsaw. I like power tools.
Speaker 2 (36:28):
As you say, Malay, Donald Trump, they are outsiders taking
things up. But do you think we are going to
say more world leaders. I suppose at my Malay and
the results that he's been able to show for what
he's done to Argentina, and then take a similar approach.
Speaker 12 (36:46):
Well, it's interesting because a lot of the problems that Argentina,
all of the problems that have built up over the
years and decade in Argentina. We see similar problems manifesting
in more and wealthier, more developed countries Britain, the United States,
even other wealthy advanced economies, the G seven economies in particular.
All of these countries, they've been running up huge debts,
(37:07):
huge debt to GDP as set the point where it's
becoming unsustainable. Argentina previously did this. Argentina was a currently
very wealthy country about a hundred years ago, but Argentina
was neck and neck with the United States, like where
we want to move to, where we want to have
a business. And then Argentina then went in a different
direction in beginning mid twentieth century, a lot of heavy
handedness in government, lots of spending, lots of regulation, very cronistic,
(37:30):
and it really descended into a kind of a vicious
cycle of high inflation, stagnation. Things got really bad over many,
many years, and things got so bad. Things got there's
an argument to behead that things got so bad that
people really had to turn to liberty and free markets again,
really had to wake up because things have gone so badly.
I hope things don't have to get so bad in
these other countries for that to be the case. I
(37:52):
think Malay's policies are definitely taking Argentina in the right direction,
and I think the United States and other developed coconomies
also need to take seriously fiscal directed to it. Having
free markets, having low regulation, getting rid of bad regulations
is really important to discipline. To be concerned about the
future receiving and not running huge deposits and not having
(38:14):
Baird regulation excessive regulation.
Speaker 2 (38:16):
Economist and chief operating officer at Fiscal Lab on Capitol
Hill at Patrick Harang, thank you so much for your time.
Speaker 1 (38:22):
It's great to speak with you.
Speaker 12 (38:24):
Thank you very much.
Speaker 2 (38:29):
A former palace staffer who was slammed in Prince Harry's memoir, Spare,
has confirmed plans to release their own book, Hitting Back
at the Duke of Sussex.
Speaker 1 (38:38):
Riley Sullivan is.
Speaker 2 (38:39):
A lifestyle reporter here at sky News dot com, dot
I you, and he's always across the latest celebrity headlines.
Speaker 1 (38:44):
Riley, great to see you, Great to be back. So.
Speaker 2 (38:47):
Princess Anna's former butler, Paul Burrell Hayes confirmed plans to
release a new book about the monarchy. Can you tell
us about him? And why Prince Harry could be worried
about this.
Speaker 18 (38:56):
Yeah, I think Prince Harry is going to be very
nervous about this new book from Paul Burrell.
Speaker 4 (39:02):
Of course, Paul Burrow was the royal.
Speaker 18 (39:04):
Butler to Diana from nineteen eighty seven until nineteen ninety
seven when she passed away. But I don't know if
Butler really kind of captures what he was, because he
was also a friend and a confidant to Diana. He
was sort of there throughout those turbulent years, especially towards
the end of her marriage to King Charles, and he
was around both both Princes William and Harry as well
(39:24):
at Kensington Palace. So he certainly knows a lot of
sort of secrets and insider information. This isn't the first
book he's written, of course. He wrote a book not
long after Diana died, and Harry wrote about that in Spare.
Speaker 4 (39:37):
So in Spare, mister Burrell's a bit of a kind
of villain. In the book.
Speaker 18 (39:41):
He is not referred to by name. Harry was very clever.
Harry just called him the butler, Mummy's butler. He didn't
really sort of identify him by name, but we all
knew he was talking about Paul Burrow and he really
slammed him. He said, Paul Burrell makes his blood boil.
He was just saw it as such a betrayal. You
know that he's written book in sead of cashed in.
(40:02):
But Paul Burrow is very outspoken. He's not happy with Harry.
He was very unhappy about the comments that were in
Spare So watch out. I think with this new book
coming out in September, watch this.
Speaker 1 (40:12):
Space like it's Harry to get angry about someone cashing in.
Speaker 4 (40:16):
Yeah about that now.
Speaker 2 (40:18):
A Sussex insider has claimed that Meghan Markel is currently
plotting a big return to the United Kingdom for the
first time since twenty twenty two.
Speaker 1 (40:26):
What do we know about this and Meghan Markle's plans
to finally go back to the UK?
Speaker 18 (40:31):
Yeah, you know, I was really excited to read about
this because it's felt like the missing puzzle piece because
in recent weeks we've been talking about the Sussexes possibly
having a bit of a peace summit, a reconciliation with
the royal family, and I was kind of, you know,
mystified a bit.
Speaker 4 (40:45):
I thought, well, hang on, what's Meghan's role in this?
Speaker 18 (40:48):
Where she's sitting, and a reporter who spoke to the
Daily Mail said that she is giving it her blessing.
She does want to move forward with this reconciliation because
she has big plans, and these big plans all sort
of surround the twenty twenty seven Invictors Games, which will
be in Birmingham, so a big return. This is Harry's
signature charity, his signature event. It's coming back to the
(41:09):
UK in two years time, and you know, twenty twenty
seven sounds like quite a while away, but really it's not.
I mean, if you think about it, the last time
Megan was in the UK was twenty twenty two, so
that was, you know, nearly three years ago. So I
think that she's kind of smoothing the way a bit
with the royal family because she knows that in twenty
twenty seven she wants all eyes on her, she wants
(41:30):
the Royal family to be at the Invictors Games. And
I think that for her that is crucial because if
we think about it, the Sussex's only real tangible value
is their proximity to the Royal family. So if she
can kind of be the star of the Invictors Games
in two years time. That gives her another five years
of press of you know, dealsanking, So it's all part
(41:52):
of a grand plan.
Speaker 3 (41:52):
I think.
Speaker 2 (41:53):
Of course, now details have emerged about King Charles's friendship
with a First Lady Milania Trump ahead of the state
visit to the UK in September.
Speaker 1 (42:03):
What do we know about this relationship.
Speaker 18 (42:05):
Yeah, well this is quite a surprising friendship. Of course,
First Lady Milania Trump she first met King Charles over
twenty years ago when he was Prince of Wales when
he visited New York. They reconnected during the first Trump
presidency with that state visit, and they've stayed in touch.
And she actually revealed this in her memoir that came
out last year, that she's kept up a letter writing
(42:26):
kind of correspondence with King Charles. And that's actually not
surprising because King Charles is known for being a prolific
letter writer. He's always corresponding over letter. He even keeps
in touch with Megan Michael via letter supposedly. Wow, So
he's very much a letter writer. And I think they
just sort of have this quiet friendship. And I love
that kind of stuff. I love hearing about these sort
of people having a private life and having these sort
(42:49):
of friendships that aren't in the press, that are just
sort of something between them. And I'm very curious to
sit to see what it'll be like when they're back
together in September.
Speaker 1 (42:57):
Yeah, it'd be interesting to say, won't it.
Speaker 2 (43:00):
Ns William and Princess Catherine are reportedly planning to leave
their home Adelaide Cottage and already have a new home
picked out. You know why they're set to leave their
Windsor Home park.
Speaker 18 (43:10):
Yeah, So this was a report that came out a
few days ago that supposedly they're looking at Fort Belvidere,
which is also kind of in the surrounds of Windsor.
It's not near Windsor Castle, it's kind of more adjacent
in Windsor Great Park. That would be a much larger
home for them, much more kind of secure. And when
the reports came out initially, what wasn't mentioned was I
(43:30):
think the real reason that they're moving, frankly, which is security.
So we know, and we've talked about it on this show.
There's been at least two incidents in the past year
of people breaching the perimeter of Windsor Castle and coming
quite close to the Wales family, which is very scary.
You know, there was an incident last year where two
masked men were able to break through a barrier. They
(43:51):
stole farm equipment and they were very close to Adelaide cottage.
You know, the Wales family was sleeping nearby. Very kind
of terrifying for them. And I think that ever since
that incident, and you know, there's been kind of question marks.
Speaker 4 (44:01):
Over well, what is the sort of security here.
Speaker 18 (44:03):
I mean, this is the future king, you know, of
England and he's sort of sitting duck in the sense.
So I'm not surprised to hear that they're looking at
Fort Belvedere. Of course, it is a huge property. The
royal family have actually leased it out for the last
thirty years to a Canadian billionaire. He recently passed away.
His widow has now left the property, so it's vacant.
(44:24):
But I do think that the real reason he is security.
Speaker 1 (44:28):
Riley Sullivan, thank you so much for joining us on
Power Hour.
Speaker 4 (44:30):
It's great to stick to you always.
Speaker 2 (44:35):
And that is power our Thank you for your company.
We'll see you next week. Make sure you subscribe to
Sky News Australia on YouTube.
This is Power Hour with Gabriella Power.
Speaker 2 (00:07):
Hello and welcome to Power Hour. I'm Gabriella Power. Thank
you for joining us.
Speaker 1 (00:12):
Well.
Speaker 2 (00:13):
Former House Speaker Nancy Pelosi was visibly uncomfortable today when
she was asked about insider trading, doing everything she could
to change the topic. Nancy Pelosi has faced allegations of
insider trading. The New York Post reports that her investments
with her husband, Paul Pelosi, upperformed every major hedge fund
(00:33):
last year, and the couple raked up between eight and
forty two million dollars in twenty twenty four, which means
that their net worth could be around four hundred million
dollars now.
Speaker 1 (00:43):
President Donald Trump called on Nancy.
Speaker 2 (00:45):
Pelosi to be investigated, which we will show you in
a moment. But this is how Nancy Pelosi responded to
the accusations during an interview with Jake Tapper.
Speaker 1 (00:56):
But let me just read what he said. I'm sorry
that we had some sort of technicalish, Nancy Pelosi.
Speaker 3 (00:59):
We came, I might have to read that we're here
to talk about the sixtieth anniversary of Medicaid.
Speaker 1 (01:05):
That's what I agreed to.
Speaker 4 (01:06):
Come to talk to.
Speaker 1 (01:06):
Yeah, but I wanted to do that means in the election,
I wanted to give you a chances to respond. He
accused you of insider trading. What's your response to that.
Speaker 3 (01:14):
That's very ridiculous. In fact, I very much support the
trading of members of Congress, not that I think anybody's
doing anything wrong. If they are, they are prosecuted and
they go to jail. But because of the confidency, it
stills in the American people don't worry about this. But
I have no concern about the obvious investments that had
(01:39):
been made over time.
Speaker 4 (01:41):
I'm not into it.
Speaker 3 (01:42):
My husband is, but it isn't anything to do with
anything insider. But the president has his own exposure, so
he's always projecting. He's always projecting, and let's not give
him any more time on that.
Speaker 5 (01:54):
Please.
Speaker 3 (01:54):
We're going forward here, and I'm very proud of my family.
And while he might make fun of us, while somebody
inspired by him breaks into her home and hits in
a deadly fashion, HiT's my husband over the head, and
he thinks that's a riot, I'd rather not go into
some of my other complaints about him right now.
Speaker 2 (02:14):
Is she panicking there? She says, the accusations are ridiculous.
And maybe they are, but she clearly didn't want to
spend two much time on that subject. Now, a large
chunk of the Pelosi's fortune has come from their stock
portfolio and trading at just the right time, all done
in poor Pelosi's name. Last year, it's documented that they
dumped five thousand shares of Microsoft stock, worth an estimated
(02:37):
two point two million dollars in July, just a few
months before the FTC announced an antitrust investigation into the
tech giant. They also sold two thousand shares worth more
than five hundred thousand dollars of Visa stock less than
three months before the company was hit with a DOJ
monopoly lawsuit. They made several other trades, and that meant
(02:59):
that do their investment portfolio pulled in an estimated fifty
four percent return, more than double the S and P
five hundred and twenty five percent gain and beating every
large hedge fund, according to numbers in Bloomberg Now. The
President unleashed on Nancy Pelosi today after saying that he'll
consider Senator Josh Holly's proposed stock trading ban that aims
(03:21):
to ban politicians from trading stocks while in office.
Speaker 6 (03:26):
You know, Nancy Pelosi became rich by having inside information.
She made a fortune with her husband, and I think
that's disgraceful. So in that sense, I'd like it, but
I'd have to really see the you know, I study
the things very carefully, and this just happened, so I'll
take a look at it. But conceptually I like it.
Speaker 7 (03:45):
And what I do.
Speaker 6 (03:47):
Think is Nancy Pelosi should be investigated because what she
has the highest return of anybody practically in the history
of Wall Street save a few. And how did that happen?
It happened by she knows exactly what's going to happen,
what's going to be announced you by stock, and then
the stock goes up after the announcements made, and she
(04:09):
had to be investigated.
Speaker 2 (04:11):
How did that happen? He's not the only one asking
that question. In the past, Nancy Pelosi has rejected calls
for a stock trading ban, insisting we're a free market economy,
but she's since changed her mind, and as she gets
closer to the end of her career, she now supports
the trading ban. Jenning us Now is a host of
(04:34):
after Party on MK Media. Emily Dasinski Emily, it is
great to see you again. Congratulations on your news show
after Party with Emily Dashinski. I've been loving it. How
are you finding it? Are you enjoying being in the
hosting chair?
Speaker 4 (04:48):
Thanks?
Speaker 8 (04:49):
Yeah, No, it's absolutely been a blast. And we're live
actually on weeknight. It's Monday and Wednesday ten pm, so
doing live, doing live shows is also just so completely
differ So it's been a lot of fun.
Speaker 2 (05:02):
I'll keep it up. We can't wait to watch them more.
Let's get into some of the topics of the day.
Nancy Pelosi looks like she was panicking a bit during
that interview with Jake Tappo and she was asked about
insider trading. Now, we know that there's been a lot
of speculation for some time about how someone on two
hundred grand a year is worth hundreds of millions of
dollars and her husband is just very good on the
(05:24):
stock market.
Speaker 1 (05:25):
I want to get your thoughts.
Speaker 2 (05:26):
What do you make of Nancy Pelosi now supporting the
stock trading ban and also the president today calling for
her to be investigated.
Speaker 8 (05:34):
Yeah, the stock trading ban is interesting because Nancy Pelosi
is one of the reasons that the original Stock Act
of twenty twelve ended up getting passed. Now that was
bipartisan at the time. There were Republicans and Democrats, but
Pelosi was the most prominent Democrat. Peter Schweitzer's reporting at
the time had revealed just how much trading her husband
was doing and how obviously it conflicted with her business
(05:56):
in the US Congress. But the Stark Act is not something.
I mean, one of the this is still such an
issue for so many people is that the Stock Act
is not It doesn't have a lot of teeth, and
so you need something else that's basically just a full ban.
Otherwise there's a million ways to get around it. And
Nancy Pelosi is now at the end of her career.
There's a populist wave here in the United States. I
think she sees the writing on the wall. But I mean,
(06:18):
come on, like this is this is where Paul Pelosi
has made so much of their family fortune over the
last several decades. You know, if this had happened several
decades ago, the Pelosis would be a lot less rich.
Speaker 1 (06:31):
Yeah.
Speaker 2 (06:31):
Absolutely, Look, it's interesting looking at the Democrats. The party's
approval writing is at a record low, but Rolling Stone
magazine published polling this week that found that voters say
Democrats as more corrupt than Republicans. This is a liberal
impact research that also found that voters deemed it very important,
fifty three percent classifying.
Speaker 1 (06:51):
It as a very big priority. Why do you think
that is?
Speaker 2 (06:54):
Why do you think that people are saying the Democrats
is more corrupt.
Speaker 8 (06:59):
Here in Washington that survey, If you mentioned it at
an event or a pub, people would absolutely have their
jaws on the floor, because Washington doesn't realize this is
how the country sees the Democratic Party. They think that
Trump has been such a political gift with all of
the baggage that comes with this guy being a businessman
who's had deals in Russia, in the Middle East and
(07:19):
all of that. They don't realize that Trump has actually
pretty successfully called voters' attention to what Democrats have been
doing with less media coverage for years and years in
the shadow of the press kind of muck breaking on Democrats.
And so I think it's actually very interesting, especially now
(07:40):
after the myriad news cycles on Elon Musk and Doge,
that this pole is still finding that this is a
bigger problem for Democrats who really thought that they had
a slam dunk with Musk and Doge in terms of
overcoming Republicans on metrics exactly like these. So they have
a lot of soul searching to do, and honestly, here
(08:01):
in Washington, my view is that they are not doing
it and they don't even understand what to do at
this point.
Speaker 2 (08:07):
Well, I think it's not just in Washington, people around
the world of thinking what on earth are they doing?
What direction are they going? In wll We know that
a former Vice president, Kamala Harris, has confirmed that she's
not going to be entering the twenty twenty six California
governor's race, ending months of speculation about her return to politics.
Speaker 1 (08:26):
But in her statement, she said she.
Speaker 2 (08:27):
Reflected deeply and decided not to seek elected office for now.
The keywords there, she wrote, for now, my leadership and
public service will not be in elected office. I look
forward to getting back out and listening to the American people,
helping elect Democrats across the nation who will fight fearlessly,
and sharing more details in the months ahead about my
(08:49):
own plans. Now, Emily, this certainly opens the door for
another run for president in twenty twenty eight.
Speaker 1 (08:55):
How likely is it that we'll see that?
Speaker 8 (08:58):
Yeah, I mean I think right now indicates how serious
she is about that. And it's obviously a good decision
for Kamala Harris to stay out of the limelight for
as long as is humanly possible, because she's such a
toxic brand right now for Democrats. She's someone who just
reminds them of the Biden cover up, and average voters
actually still really care about that. You hear Democrats in
(09:20):
Congress like Marie Glusen camp Perez talking about how her
own constituents still talk about this and still care about
the Biden cover up, and Kamala Harris is a big,
walking reminder of that every single day. So it makes
sense for her to stay out of any urgent, imminent race.
But I think partially the other reason is that she
can start rebuilding for a political future, talking to donor
(09:41):
seeing what her lane would potentially look like in twenty
twenty eight, instead of thrusting herself back into campaign life
and governing decisions where you have to you can't really
sit back and let the pieces fall. You have to
be an active part of putting them where you want
them to be on the board. I think she recognizes
that it will behoove to come into that process later
(10:02):
and not really be a leader in the Democratic Parties
transition phase right now.
Speaker 2 (10:07):
Well, speaking of the Biden cover up, former President Joy
Biden is now writing in weenoir about his time in
the White House. He's importantly getting ten million dollars up
front to write this. I mean, Emily, what are the
chances that he's actually going to be writing this one.
He might be bringing back the old open all staff
who are actually running the country to get this done well.
Speaker 8 (10:28):
Memoir is, of course a derivative of the word. Remember,
I have a very hard lot. I have a very
hard time believing that Joe Biden's memories of his time
as President of the United States are detailed and vivid
enough to constitute a really compelling memoir without someone else
filling in a lot of the blanks for him. And
(10:50):
I think, I'm sure that's about what we're going to see.
He's right now ailing from a belief stage four cancer,
very serious cancer diagnosis. So it's actually it always just
makes me sad, and it makes me mad on behalf
of the country. But it makes me sad also for
him to just see him try to build this legacy
after serving an office, trying to run again and dividing
(11:13):
the country so much over what was obvious for everybody
to see.
Speaker 1 (11:16):
Yeah, I agree with you.
Speaker 2 (11:17):
It is so sad, and I think the people around him,
including his family members, have a lot to answer for.
I want to ask you about an incident that took
place in the United States this week. There was a
horrific attack in Cincinnati where vision went viral of thugs
attacking two people just in the streets. You know, a
vision that was horrific. We decided not to play it now,
(11:37):
Cincinnati Chief of Police. She held a press conference where
she unleashed on the media.
Speaker 1 (11:43):
And those posting on social media about it. Take a listen.
Speaker 9 (11:48):
Social media and journalism and the role of plays in
this incident.
Speaker 10 (11:52):
And yes, guys, that's you.
Speaker 4 (11:55):
That is you.
Speaker 10 (11:58):
Social media. The post that we've.
Speaker 9 (12:01):
Seen does not depict the entire incident. That is one
version of what occurred. At times, social media and mainstream
media and their commentaries are a misrepresentation of the circumstances
(12:21):
surrounding any given event. What that does That causes us
some difficulties in thoroughly investigating the activity.
Speaker 2 (12:33):
Emily, I just find this bizarre that the blame is
for this attack in a way is getting put on
the people who filmed it and shared it on social media.
Speaker 1 (12:43):
It's also while that she's blaming the.
Speaker 2 (12:45):
Media there, because I noticed that there was really a
lack of coverage when it came to this event. It
took the mainstream media quite a long time to actually
cover this.
Speaker 8 (12:56):
Right, and she seemed to be lashing up, particularly at
social media sleuths because the video first caught the attention
of the country when it went viral on x and
on social media accounts. And what she's not saying there
is exactly what those online sleuths have gotten wrong or
what the media, which you're right, is barely covering the
story what they got wrong. And so the self righteousness
(13:21):
and the pompousness that you can hear in her voice,
I mean, it's understandable that somebody in law enforcement gets
frustrated by reactions on social media that make a case
that much harder, but it's part of her job, and
to not even have an actual serious piece of criticism
against those social media sluths was incredibly counterproductive, and frankly,
(13:43):
it was infuriating to the perspective of somebody who wanted answers.
Speaker 1 (13:46):
Yeah, absolutely completely agree with you.
Speaker 2 (13:48):
Finally, Katy Perry has been spotted back from space sat
on a dinner date with Canada's Forma prime minist Justin
Judai TMZA has released photos of the American singer grapping
dinner with him Montreal.
Speaker 1 (14:00):
Look neither of them very popular. What's the reaction to this?
Speaker 11 (14:04):
Vein, I think she's still in space now, he's still
up there joining it on her dream date with Justin Trudeau.
Well yeah, I mean, listen, they both are sort of
recently separated, divorced.
Speaker 8 (14:17):
It's incredibly strange, but not surprising because I think they're
both people who enjoy the limelight that they would be
finding solace and other celebrities. So I'm excited to see
where this goes. I bet it's going somewhere. They've stopped
at the park apparently before this date, so it seems
like it might have some legs.
Speaker 1 (14:36):
And Justin Trudeau, I.
Speaker 8 (14:38):
Mean, he's got more time on his hands now, so
he certainly can give her some attention.
Speaker 2 (14:43):
Emily Dafinsky Harst of Active Patty with Emily Dafinski, thank
you so much for joining us on how I'll get
to speak to you again.
Speaker 8 (14:50):
Thank you appreciate it.
Speaker 2 (14:55):
It's time full medium meltdowns, and this week it seems
nothing has the mainstream media more than this American Eagle
ad featuring actress Sydney Sweeney.
Speaker 1 (15:14):
I thought you want to try these chans.
Speaker 12 (15:16):
Sydney Sweeney has ury keens.
Speaker 2 (15:19):
An ad so offensive with its play on the words jeans.
Now it brought this TikToker to tears.
Speaker 13 (15:26):
I got me too, and I don't know why. Maybe
because it's just so blatant. I keep thinking that people
just are not gonna believe us until we're hung out there.
But then even then I feel like they'll be like,
oh no, kind of like they are with.
Speaker 2 (15:47):
Of course, this wasn't American Eagle hiring one of the
hottest actresses in the world right now to sell their product.
It had to be something much darker.
Speaker 1 (15:56):
You'd be surprised that a company whose name is literally
American Eagle is speaking fascist propaganda like this.
Speaker 10 (16:02):
Probably not.
Speaker 2 (16:04):
I could be wrong, but something tells me that Sydney
Sweeney is not a Nazi, and neither is a CEO
of American Eagle.
Speaker 1 (16:10):
Who is Jewish.
Speaker 2 (16:12):
But what we just heard were the opinions of some
left wing lunatics. What has the media had to say
about this, well, they are in meltdown. MSNBC has published
this opinion piece which is hilarious. The headline reads, Sidney
Sweeney's ad shows an unbridled cultural shift towards whiteness. Oh no,
let's just bring you the best parts from this. The
(16:34):
subheading has advertisements are always mirrors of society, and sometimes
what they reflect is ugly and startling, and parts of
the article are just so absurd. Journalist Hannah Holland writes,
the backlash has been swift and fierce, and some of it,
at least, if you ask me, is fair. In the videos,
(16:54):
Sweeney exudes a sort of vintage sexiness that caters to
the male gaze that is certainly not allowed. Together, the
campaign feels regressive and not retro and of course offensive.
Her willingness to participate in such an obviously damaging and
depending on who you ask, even dangerous advertising campaign as
(17:16):
the latest American Eagle collection is disappointing, damaging, and dangerous.
Whoever this journalist is, she should join the lefties crying
about it on TikTok. But here in Australia, our media
is just as ridiculous. The Sydney Morning Herald had a
piece on it where they publish comments from some marketing
genius who describes the ad as a misstep essentially because
(17:39):
it features someone not very diverse. Yes, shame on American Eagle.
This expert claims that it's not a smart business move
or a good societal move either. It's a bizarre assessment
given that this is the most talked about clothing company
in the world right now, and all those lefty tiers
that we're seeing on TikTok just keep driving up American
(18:02):
Eagles share price. That sexy Sydney Sweeney ad just made
American Eagle two hundred million dollars in five days. Joining
us now is RNC Youth Advisory Council co Chair ce
J Pearson.
Speaker 1 (18:17):
It is great to see you again.
Speaker 2 (18:19):
Look, the mainstream media says that Sydney Sweeney's ad for
American Eagle is damaging and it's dangerous, and of course
TikTokers say that it's Nazi propaganda.
Speaker 1 (18:30):
CJ. What's your take on all of this.
Speaker 7 (18:33):
I think these people need to be medicated or seek therapy,
to be quite frank with you, Gabriela. You know, now
look at this ad. What I see is just honestly envy.
I don't see anyone that have, you know, is actual
of importance actually criticizing this ad when I see the
people that are saying that it's setting women back. Where
are these people when Dylan mulvany was erasing actual biological
women and taking away opportunities from them when it came
(18:55):
to tampon sponsorships. Where were they when folks like Lea
Thomas were taking away you know, championships from hardworking individuals
like Riley Gaines. They were nowhere to be found, nowhere
to be heard from. But now all of a sudden
they care about setting women back. The hypocrisy, Well, it's
ever clear.
Speaker 1 (19:11):
Good point.
Speaker 2 (19:13):
Let's turn to the deadly mass shooting in midtown Manhattan
that we saw this week, where four people, including a
police officer, were killed when a gunman stormed into a building. Now,
during se n's coverage of the shooting Sceneann Ancha Aaron
Bennett rushes to suggest that the stuoter was possibly white.
Speaker 1 (19:32):
All right, so Brian, stay with us.
Speaker 14 (19:33):
The deputy former Deputy Director of the FBI, Andy McCabe
is with us as well. And Andy, I just want
to ask you you talk about a forty four forty
four story building, as Brian is reporting, and what John
Miller just said, there were a few things that really
stood out there among.
Speaker 1 (19:50):
Them that they did get.
Speaker 14 (19:50):
They do know what he looks like, sunglasses, mustache, male, possibly.
Speaker 1 (19:54):
White, CJ. What is going on with San N's coverage?
Speaker 7 (20:00):
You know, this is part of the course for them,
and it's exactly why, you know, we really probably don't
hate the liberal media enough. All these people know how
to do is lie in Stoke Division. Imagine if they
had replaced the word white in that sentence with black,
they would be off the air. Tomorrow. The NAACP we
release a statement calling for their condemnation. The Biden DOOJ
probably would have sued them off the air. But yet,
(20:21):
because he's a so called it could have been possibly white,
as we know now that person to be not.
Speaker 10 (20:27):
That at all.
Speaker 7 (20:28):
They just absolutely screwed accountability. It's disgusting, But again it
goes to show exactly why people just don't trust the
media anymore.
Speaker 1 (20:35):
Yeah, that's true.
Speaker 2 (20:37):
Now, as New York City reels from that mass shooting,
there's plenty of focus on Democratic mayoral nominee Zoran Mamdanie
he's recent pledged to eliminate a k police department that
handles mass shootings. So just back in December, he pledged
on x to disband the New York Police Department Strategic
Response Group. This is a group that's responsible for ryots,
(21:00):
the civil disorder and shootings. He wrote, as mayor, I
will disband the SRG, which has cost taxpayers millions in
lawsuit settlements and brutalized countless New Yorkers exercising their First
Amendment rights.
Speaker 1 (21:13):
Now we know that zerun mam.
Speaker 2 (21:15):
Daney has previously called to defund the police. He's now
back from his wedding in Uganda and he was asked
if he regretted making some of those comments, and he
doesn't say no.
Speaker 1 (21:25):
Take a look, do a voice.
Speaker 7 (21:27):
You hadn't said some of those things a few years back.
Speaker 5 (21:34):
My statements in twenty twenty were ones made amidst a
frustration that many New Yorkers held at the murderer of
George Floyd and the inability to deliver on what Eric
Adams of all people described as the right for all
(21:58):
of us to be able to enjoy safety and justice.
That we need not choose between the two.
Speaker 2 (22:04):
I mean what does this say about Ma'm donnie. He
is entitled to police protection, he says, he's grateful for that.
But a New York is going to wake up, I
mean as to who this man really is.
Speaker 7 (22:16):
You know, God willing they will. But I gotta say
these comments aren't only disgusting, but they're disqualifying. And if
Zoe Randmonddanni believes that the police are not capable of
doing their job in the city of New York to
keep people safe in that community, then I hope that
he actually goes and tries to do their job himself,
because I guarantee you he will never be able to
do it, and maybe that will actually lead us some
(22:36):
appreciation shown for him towards the men and women who
wear the blue protect our communities every single day here
in the greatest country in the world and what used
to be the greatest see in the world, but runs
the risk of no longer being if he becomes mayor.
Speaker 2 (22:50):
I want to ask you about Chuck Schuma, new York
senator and Senate Democratic Later Chuck Schumer says that Republicans
don't believe in democracy, and well, we've all heard that before,
but according to him, poor people or people of color
wouldn't be able to vote in America if there was
voter ID.
Speaker 15 (23:07):
Joe's why we.
Speaker 14 (23:08):
Need legislation, because these guys are undoing everything in every.
Speaker 1 (23:13):
Way they can.
Speaker 7 (23:13):
They don't want poor people to vote, they don't want
people of color to vote, they don't want Democrats to vote.
Speaker 1 (23:20):
They don't believe in democracy.
Speaker 5 (23:21):
We do.
Speaker 2 (23:24):
You know, I thought the argument for voter ID is
to make sure American citizens are the only ones voting
in American elections.
Speaker 1 (23:30):
Am I missing something?
Speaker 11 (23:32):
You know?
Speaker 7 (23:33):
That's pretty damn racist. I actually thought I was watching
a live stream of KKK rally when you played that back.
You know, here's the deal. The idea or the notion
that black people are somehow too dumb, too stupid to
figure out how to get a photo ID to vote,
which is one of the sacred responsibilities we have as
American citizens in this country, is not only preposterous, but
it's downright offensive. And Chuck Schumer should be a shame.
(23:53):
But also to let this be insightful and to the
way in which the Democrat Party views the black community
this country. Black folks need to wick this country and
realize this is how these people see us and That's
exactly why we should reject them.
Speaker 2 (24:06):
I want to talk to you about south Park Cartman.
He is going to be playing Charlie Kirk in the
next episode. We know that the latest season has launched.
It's already slammed their streaming home Paramount Plus and the
President Donald Trump, but in its latest episode, it appears
to take aim at co founder of Turning Point USA,
Charlie Kirk.
Speaker 1 (24:25):
Let's take a look Wednesday, August six.
Speaker 3 (24:28):
You can just shut up, baby, because you hate America
and you love a vote.
Speaker 13 (24:31):
On it only south Park.
Speaker 1 (24:34):
Epic season continue.
Speaker 5 (24:37):
Look.
Speaker 2 (24:37):
I love Charlie Kirk, and I think south Park always
seems to nail it. Charlie Kirk says that he's looking
at this as a badge of honor.
Speaker 1 (24:45):
What do you make of it?
Speaker 7 (24:48):
You know, Charlie is a great friend of mine. I
got to tell you this is the reason the life
in the right. You know, we can roll with the plunches,
we can take a good joke, and I look forward
to seeing Cartman Akah, Charlie Kirk on the libs as
he often does all across the country. Read every single day.
Speaker 2 (25:01):
Okay, and finally on Donald Trump. He opened his New
Scottish golf course.
Speaker 1 (25:06):
Let's just take a them ting off.
Speaker 16 (25:10):
He's welcome onto the team and forty President of the
United States of America, Donald J.
Speaker 10 (25:16):
Trump.
Speaker 7 (25:17):
O Don.
Speaker 2 (25:40):
Then intro Donald Trump's style.
Speaker 1 (25:45):
He bragged about it. Let's take a look.
Speaker 5 (25:48):
Did you get to see my driver in the first
hall and you hit three?
Speaker 4 (25:52):
Pretty long?
Speaker 1 (25:53):
Pretty long.
Speaker 4 (25:54):
Let's let's st Joe Baiden. Let me tell you that's sound.
Speaker 10 (26:01):
That was a good drive.
Speaker 1 (26:03):
He's right about that, No, Joe Biden, No.
Speaker 7 (26:07):
I think he made an incredible point. From a president
who could even walk upstairs of Air Force one, or
a president who can do that. Gabrielle, I am twenty
two years old. I can't do that, you know, so
I'm a little bit embarrassed watching that. But you know,
this is of course goes to show that we were
a president who is at the top of his game,
high energy, and every single day delivering for the American
people and doing all that he can, not only to
(26:28):
save our great country, but to save the West altogether.
Speaker 2 (26:31):
All and C Youth Advisory Council co Chair C. J. Pearson,
thanks so much for joining us.
Speaker 10 (26:35):
Thanks for having me.
Speaker 2 (26:39):
Joining us now is economist and chief Operating Officer at
Fiscal Lab on Capitol Hill at Patrick Haraan Patrick, thank
you so much for your time. When we look at
political leaders around the world, President Trump is certainly one
of a kind. Love him or hate him, he's pretty extraordinary.
Here in Australia, our Prime Minister, I think is pretty uninspiring.
Speaker 1 (26:59):
I don't think Britain's is any better.
Speaker 2 (27:00):
But Argentina has one of the most interesting leaders with
President Javier Malay.
Speaker 1 (27:05):
How would you describe him.
Speaker 12 (27:09):
There's a lot of words to describe I think I
would say he's radical in many ways. He's changed the
direction Argentina had been going on for many, many decades.
He's had two big focuses, cutting spending a lot to
get an Argentina's fiscal house in order. That's one big focus,
and the other big focus is deregulating the economy. So
that's a radical shift for Argentina.
Speaker 2 (27:29):
Can we just look at some of those bold decisions
he has made and some of the consequences of them.
He cut government expenditure by thirty percent in his first year,
including cutting government departments. Now Argentina has achieved seventeen straight
months of fiscal surpluses, of June twenty twenty five, according
to the latest report from the Ministry of Economy, and
(27:50):
it's dramatically reduced the rate of inflation, going from a
monthly race rather of around twenty five percent in twenty
twenty three to less than two percent.
Speaker 1 (27:58):
Can you talk to us about.
Speaker 12 (27:59):
The sure As you say, inflation in June was about
one point six percent, and it was somewhere in the
previous month, in the month or so before that, So
inflation was very high when Malay first took office at
the end of twenty twenty three. It then continued to
rise within a peak, and it has fallen substantially. So
(28:19):
on a month of a month basis it's about one
and a half to two percent. That's high for more
developed wealth your countries, but that's very good for Argentina.
And on a year over year basis, inflation is thirty
percent thirty nine percent, still very very high. But keep
in mind Argentina's inflation weave had peaked at about three
hundred percent shortly after he took office, so they made tremendous,
(28:40):
tremendous progress. And given that he's running these budget surpluses,
as we have pretty good reason to be optimistic inflations
could continue to trans the right direction and some.
Speaker 1 (28:51):
Of his decisions.
Speaker 2 (28:52):
He describes it as taking a chainsaw to government regulations.
This has also led to a decline in the already
right in Argentina, Is that right?
Speaker 12 (29:03):
It has? Yes, So inflation has fallen a lot, as
I've said, and real wages have risen. And one reason
inflation is especially problematic is that it disproportionately hurts the
people with the lowest incomes the most. They tend to
be more constrained, they have fewer substitutes. When inflation kicks in,
it's harder for them to find cheap re al turns
on the price of the things they buy rises, so
(29:24):
they've benefit considerably from that. So, as you say, in
poverty has fallen a lot, I think a lot of
that has to do with the following inflation. It's it's
still fairly I mean it's still they're still high poverty
in Argentina. Urban inflation is still about thirty percent, So
there's still a lot of there's still Argentina still has
a lot of It still has a long way to go,
but it's been making considerable progress of the past year
(29:46):
year and a half.
Speaker 2 (29:47):
Looking at his approval writings, recent poll found that his
approval writing sort of about forty four percent last month.
Speaker 1 (29:55):
What do you make of that result?
Speaker 2 (29:57):
You know, how do people know of Argentina feel about him?
Speaker 12 (30:02):
Yeah, I mean there are people who like him and
people who don't like him. That's relatively good for leaders
around the world. I think they have a little bit
over the past few months, but it's nowhere near as
lowest from other leaders across the world. It's hard to tell.
He's going into a midterm cycle. It's not uncommon for
a midterm for the opposition party to gain a little bit.
But I would say his popular idea is fairly stable though,
(30:25):
and there are people There are people who don't like him,
but I think there are also people who see there's
a lot of there are a lot of problem in
Argentina and what he's doing. Yes, there's pain in the
short run. You have to consider the short run pain
will lead to long and frostprate. We're starting to see
already as he probably already has fallen a lot, inflation
has fallen, there's still a relatively hind I employment actually
(30:45):
ticked up a bit. Unemployment tends to be a lagging indicator,
So we're hoping that means that as time goes on,
unemployment will also fall.
Speaker 2 (30:53):
How is he going negotiating? His party only holds a
small fraction of legislative states, and he is a facing
and embold in opposition.
Speaker 12 (31:03):
He is, Yes, So it's in some of his powers
that he had through a law from a year or
so ago that's come to an end, So it might
be a little more difficult to keep up with his
agenda as possible. On the other hand, that as people
grow to realize, hey, Olay's policies lots you're working out,
maybe he'll get some more momentum. It's a little hard
to tell right now. Say in the next twelve months,
(31:25):
will he be able to be as productive as he
was in the first year of his administration.
Speaker 2 (31:29):
He faces reelection in December twenty twenty seven.
Speaker 1 (31:32):
Will he run again?
Speaker 12 (31:35):
I don't know. That's beyond me.
Speaker 1 (31:37):
Yeah, do you think he'd win?
Speaker 4 (31:40):
Well.
Speaker 12 (31:40):
I think he's made a lot of progress and things
could change in the next couple of years. I think
he's turned things around considerably, and I think really getting
inflation under control is really the that's one of the
biggest problems ergy. He's done such an excellent job with
that so far. Inflation is really a government policy choice.
It's a hard policy choice to get into control, to
use the high inflation getting the economy to grow well,
(32:04):
not for an unappointed Ye. Well, that's not really the
government's job. It's really private markets that's their job. But
that they can do that best when they're unencumbered and
always got rid of a lot of bad regulations that
are making it difficult to do business. I think between
those two things there's a lot of reason for people
to as some goes on and realize all these policies
in you're working out. So it's it's very possible that
(32:26):
in comment re election time people might say, actually, yeah,
let's keep this going.
Speaker 2 (32:30):
He recently announced a reduction in export taxes on poultry
and baef and corn, which was requested by Argentina's agricultural sector.
Speaker 1 (32:39):
Let's just take a listen.
Speaker 15 (32:42):
Than the many do this.
Speaker 17 (32:50):
Percento Gardness, Permanente, San permanentees in no posimias and superavi,
(33:17):
Cameo conco.
Speaker 16 (33:20):
Decerto and de los.
Speaker 15 (33:28):
So.
Speaker 2 (33:29):
He says this results in a twenty percent reduction in
export tax right for grain supply chains and a twenty
six percent reduction in export taxes for livestock and meat
supply chains. And of course he says, long live freedom,
Long live freedom. But what difference will this make.
Speaker 12 (33:47):
I think it's I think it should be a bruin
to the agricultural industry. In the agriculture industry in Argentina.
Agricultural products are big exports in Argentina, and pointed out
he's only able to do this because of the fiscal
through plus that his government has been running. Because they
embraced fiscal conservatism fiscal rectitude, they have more room to
(34:08):
cut taxes in other areas. It's an example of a
tax that wasn't so good for the economy. It was
a tax that fevered government. That government liked, it brought
in revenue, but agricultural exporters didn't like that. So it's
and again, I think this is the kind of tax
that that would be very good for the Argentina county
to make it more competitive internationally.
Speaker 2 (34:28):
Harvey Malay was one of the first leaders to meet
Donald Trump in person after Trump's election victory in November
last year. Now, the US is lifting visa restrictions which
will allow citizens from Argentina to travel to the US
for tourism or business without having to apply for a
visa in advance.
Speaker 1 (34:45):
What do you make of that? And how would you
assess his relationship.
Speaker 2 (34:49):
With Donald Trump At the moment, you know, it seems
to be pretty strong.
Speaker 12 (34:55):
Yeah, I think he is a travel for tourism or business.
I think that the good thing. I think for both
countries because both ways. I think greater certainty is good.
He's making business easier. It's good for the economies of
both countries. I don't know if it makes a huge
den statistically for boosting GDP or output or any other
(35:17):
metric nears countries, but I think it's a good sign
of friendliness between the countries. And I think IBM Lyndal
Trump are both they are both outsiders who are shaking.
Speaker 1 (35:25):
Things up, and absolutely they are.
Speaker 2 (35:28):
But it's interesting Malay has had I suppose an effect
on some world laters. Conservative Kemmy Bendenock says that she
wants to be Britain's Have you Malay?
Speaker 1 (35:37):
Let's take a look.
Speaker 16 (35:39):
Do you tell the nessonary newspaper the weekly or model
for economic success? The Argentine leader Javier Malay, who famously said,
he take a chainsaw to public spending and then cut
it by thirty percent inside the year.
Speaker 7 (35:50):
Have you got a chainsaw?
Speaker 15 (35:52):
We need to live within our means, Trevor. We've been
having a long debate about welfare.
Speaker 16 (35:56):
I know that we're going to bring out of your chainsaw.
Speaker 15 (35:58):
No, I wouldn't literally use a chainsaw. But it was
a very, very visual story that he told about making
sure that Argentina lived within its means. We're a different country,
we have a different setup, but we need to start
thinking about the next generation. We are borrowing our children's
money to pay for today, to pay for welfare, we're
p paying one hundred billion pounds on dead interest. That's
(36:21):
just not fair.
Speaker 16 (36:22):
Okay, it's very disapporting. I like a leader who knows
yet a chainsaw. I like power tools.
Speaker 2 (36:28):
As you say, Malay, Donald Trump, they are outsiders taking
things up. But do you think we are going to
say more world leaders. I suppose at my Malay and
the results that he's been able to show for what
he's done to Argentina, and then take a similar approach.
Speaker 12 (36:46):
Well, it's interesting because a lot of the problems that Argentina,
all of the problems that have built up over the
years and decade in Argentina. We see similar problems manifesting
in more and wealthier, more developed countries Britain, the United States,
even other wealthy advanced economies, the G seven economies in particular.
All of these countries, they've been running up huge debts,
(37:07):
huge debt to GDP as set the point where it's
becoming unsustainable. Argentina previously did this. Argentina was a currently
very wealthy country about a hundred years ago, but Argentina
was neck and neck with the United States, like where
we want to move to, where we want to have
a business. And then Argentina then went in a different
direction in beginning mid twentieth century, a lot of heavy
handedness in government, lots of spending, lots of regulation, very cronistic,
(37:30):
and it really descended into a kind of a vicious
cycle of high inflation, stagnation. Things got really bad over many,
many years, and things got so bad. Things got there's
an argument to behead that things got so bad that
people really had to turn to liberty and free markets again,
really had to wake up because things have gone so badly.
I hope things don't have to get so bad in
these other countries for that to be the case. I
(37:52):
think Malay's policies are definitely taking Argentina in the right direction,
and I think the United States and other developed coconomies
also need to take seriously fiscal directed to it. Having
free markets, having low regulation, getting rid of bad regulations
is really important to discipline. To be concerned about the
future receiving and not running huge deposits and not having
(38:14):
Baird regulation excessive regulation.
Speaker 2 (38:16):
Economist and chief operating officer at Fiscal Lab on Capitol
Hill at Patrick Harang, thank you so much for your time.
Speaker 1 (38:22):
It's great to speak with you.
Speaker 12 (38:24):
Thank you very much.
Speaker 2 (38:29):
A former palace staffer who was slammed in Prince Harry's memoir, Spare,
has confirmed plans to release their own book, Hitting Back
at the Duke of Sussex.
Speaker 1 (38:38):
Riley Sullivan is.
Speaker 2 (38:39):
A lifestyle reporter here at sky News dot com, dot
I you, and he's always across the latest celebrity headlines.
Speaker 1 (38:44):
Riley, great to see you, Great to be back. So.
Speaker 2 (38:47):
Princess Anna's former butler, Paul Burrell Hayes confirmed plans to
release a new book about the monarchy. Can you tell
us about him? And why Prince Harry could be worried
about this.
Speaker 18 (38:56):
Yeah, I think Prince Harry is going to be very
nervous about this new book from Paul Burrell.
Speaker 4 (39:02):
Of course, Paul Burrow was the royal.
Speaker 18 (39:04):
Butler to Diana from nineteen eighty seven until nineteen ninety
seven when she passed away. But I don't know if
Butler really kind of captures what he was, because he
was also a friend and a confidant to Diana. He
was sort of there throughout those turbulent years, especially towards
the end of her marriage to King Charles, and he
was around both both Princes William and Harry as well
(39:24):
at Kensington Palace. So he certainly knows a lot of
sort of secrets and insider information. This isn't the first
book he's written, of course. He wrote a book not
long after Diana died, and Harry wrote about that in Spare.
Speaker 4 (39:37):
So in Spare, mister Burrell's a bit of a kind
of villain. In the book.
Speaker 18 (39:41):
He is not referred to by name. Harry was very clever.
Harry just called him the butler, Mummy's butler. He didn't
really sort of identify him by name, but we all
knew he was talking about Paul Burrow and he really
slammed him. He said, Paul Burrell makes his blood boil.
He was just saw it as such a betrayal. You
know that he's written book in sead of cashed in.
(40:02):
But Paul Burrow is very outspoken. He's not happy with Harry.
He was very unhappy about the comments that were in
Spare So watch out. I think with this new book
coming out in September, watch this.
Speaker 1 (40:12):
Space like it's Harry to get angry about someone cashing in.
Speaker 4 (40:16):
Yeah about that now.
Speaker 2 (40:18):
A Sussex insider has claimed that Meghan Markel is currently
plotting a big return to the United Kingdom for the
first time since twenty twenty two.
Speaker 1 (40:26):
What do we know about this and Meghan Markle's plans
to finally go back to the UK?
Speaker 18 (40:31):
Yeah, you know, I was really excited to read about
this because it's felt like the missing puzzle piece because
in recent weeks we've been talking about the Sussexes possibly
having a bit of a peace summit, a reconciliation with
the royal family, and I was kind of, you know,
mystified a bit.
Speaker 4 (40:45):
I thought, well, hang on, what's Meghan's role in this?
Speaker 18 (40:48):
Where she's sitting, and a reporter who spoke to the
Daily Mail said that she is giving it her blessing.
She does want to move forward with this reconciliation because
she has big plans, and these big plans all sort
of surround the twenty twenty seven Invictors Games, which will
be in Birmingham, so a big return. This is Harry's
signature charity, his signature event. It's coming back to the
(41:09):
UK in two years time, and you know, twenty twenty
seven sounds like quite a while away, but really it's not.
I mean, if you think about it, the last time
Megan was in the UK was twenty twenty two, so
that was, you know, nearly three years ago. So I
think that she's kind of smoothing the way a bit
with the royal family because she knows that in twenty
twenty seven she wants all eyes on her, she wants
(41:30):
the Royal family to be at the Invictors Games. And
I think that for her that is crucial because if
we think about it, the Sussex's only real tangible value
is their proximity to the Royal family. So if she
can kind of be the star of the Invictors Games
in two years time. That gives her another five years
of press of you know, dealsanking, So it's all part
(41:52):
of a grand plan.
Speaker 3 (41:52):
I think.
Speaker 2 (41:53):
Of course, now details have emerged about King Charles's friendship
with a First Lady Milania Trump ahead of the state
visit to the UK in September.
Speaker 1 (42:03):
What do we know about this relationship.
Speaker 18 (42:05):
Yeah, well this is quite a surprising friendship. Of course,
First Lady Milania Trump she first met King Charles over
twenty years ago when he was Prince of Wales when
he visited New York. They reconnected during the first Trump
presidency with that state visit, and they've stayed in touch.
And she actually revealed this in her memoir that came
out last year, that she's kept up a letter writing
(42:26):
kind of correspondence with King Charles. And that's actually not
surprising because King Charles is known for being a prolific
letter writer. He's always corresponding over letter. He even keeps
in touch with Megan Michael via letter supposedly. Wow, So
he's very much a letter writer. And I think they
just sort of have this quiet friendship. And I love
that kind of stuff. I love hearing about these sort
of people having a private life and having these sort
(42:49):
of friendships that aren't in the press, that are just
sort of something between them. And I'm very curious to
sit to see what it'll be like when they're back
together in September.
Speaker 1 (42:57):
Yeah, it'd be interesting to say, won't it.
Speaker 2 (43:00):
Ns William and Princess Catherine are reportedly planning to leave
their home Adelaide Cottage and already have a new home
picked out. You know why they're set to leave their
Windsor Home park.
Speaker 18 (43:10):
Yeah, So this was a report that came out a
few days ago that supposedly they're looking at Fort Belvidere,
which is also kind of in the surrounds of Windsor.
It's not near Windsor Castle, it's kind of more adjacent
in Windsor Great Park. That would be a much larger
home for them, much more kind of secure. And when
the reports came out initially, what wasn't mentioned was I
(43:30):
think the real reason that they're moving, frankly, which is security.
So we know, and we've talked about it on this show.
There's been at least two incidents in the past year
of people breaching the perimeter of Windsor Castle and coming
quite close to the Wales family, which is very scary.
You know, there was an incident last year where two
masked men were able to break through a barrier. They
(43:51):
stole farm equipment and they were very close to Adelaide cottage.
You know, the Wales family was sleeping nearby. Very kind
of terrifying for them. And I think that ever since
that incident, and you know, there's been kind of question marks.
Speaker 4 (44:01):
Over well, what is the sort of security here.
Speaker 18 (44:03):
I mean, this is the future king, you know, of
England and he's sort of sitting duck in the sense.
So I'm not surprised to hear that they're looking at
Fort Belvedere. Of course, it is a huge property. The
royal family have actually leased it out for the last
thirty years to a Canadian billionaire. He recently passed away.
His widow has now left the property, so it's vacant.
(44:24):
But I do think that the real reason he is security.
Speaker 1 (44:28):
Riley Sullivan, thank you so much for joining us on
Power Hour.
Speaker 4 (44:30):
It's great to stick to you always.
Speaker 2 (44:35):
And that is power our Thank you for your company.
We'll see you next week. Make sure you subscribe to
Sky News Australia on YouTube.
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