00:00:00
Can I ask a question about the nicotine
00:00:02
pouches? Yes. Does it melt in your mouth
00:00:05
or do you have to spit it out later? You
00:00:07
can spit it out. You can swallow it or
00:00:09
you just savor it. I mean, you throw it
00:00:10
in like a you would a dip of tobacco.
00:00:13
Okay. But you just let it sit there and
00:00:15
then it suses your nervous system with
00:00:17
life-giving nicotine and it it really
00:00:20
does feel like the hand of God is
00:00:22
massaging you. But does it feel like the
00:00:24
high of smoking a cigarette? It's
00:00:27
simultaneously, if you can imagine the
00:00:30
Zen paradox, higher alertness
00:00:32
accompanied by deep relaxation.
00:00:36
So, you you really are No, no, it it's a
00:00:39
zen experience. You're like cat-like in
00:00:42
your readiness, but you're fully And how
00:00:46
long does it last? I always have one
00:00:48
going. Sometimes if things are, you
00:00:50
know, if I need it, I'll I'll put
00:00:51
another one in. So, I've got 18 milligs
00:00:54
of nicotine. But that gives me an unfair
00:00:56
advantage. You're banging 18 milligrams.
00:00:59
Woo. That's impressive. I don't like to
00:01:01
because it everybody else kind of
00:01:03
recedes into the background and I become
00:01:05
this kind of colossus when I do that and
00:01:07
I feel guilty about it. Hubris is
00:01:09
inevitable at that point. So I usually
00:01:10
keep it to one. I mean I could use a new
00:01:13
addiction. Oh yes. What's the gateway
00:01:15
drug level? Uh what would you prescribe?
00:01:17
sits between caffeine and they sell a 3
00:01:20
mig but you know there's a transition
00:01:23
like all all great addictions like it's
00:01:26
not instant you you do vomit at first
00:01:28
but then but then your body acclimates
00:01:32
it's kind of like heroin in that way you
00:01:34
know like when you oric you just you got
00:01:37
to power through IA you heat twice and
00:01:40
then you're addicted and then
00:01:42
enlightenment
00:01:44
[Music]
00:01:45
let your winners
00:01:46
[Music]
00:01:48
Rainman David
00:01:52
and we open sourced it to the fans and
00:01:55
they've just gone crazy with it. Love
00:01:56
you.
00:01:58
[Music]
00:02:01
All right everybody, welcome back to the
00:02:03
number one podcast in the world after
00:02:05
Tucker Carlson's amazing podcast. That's
00:02:07
right. Tucker is back here on the All-In
00:02:10
podcast with Chimath Polio Hapia, your
00:02:13
chairman dictator and the Zar David
00:02:17
Saxs. Not from the White House, he's
00:02:18
from the suite, but he's here back on
00:02:21
the program looking great. Look at the
00:02:22
collar. Brion. I ordered three or four
00:02:24
bronies after last week's show, guys. I
00:02:28
did. I'm getting in the Brony. Well, I
00:02:29
have the all- in expense accounts now.
00:02:31
What' you call it? Brony. Brion. He'll
00:02:33
be paying for it over 72 months. 72
00:02:36
monthly payments. the layaway. You as a
00:02:39
firm or CLA. Pray for that.
00:02:42
Hey, uh Tucker, last time you were here,
00:02:46
uh you famously famously gosh, we been a
00:02:49
year of feedback on your last
00:02:50
performance. Thank you for coming back.
00:02:52
We got a lot of crazy feedback from the
00:02:54
private equity housewives, but I got
00:02:56
more feedback.
00:02:58
They love me. But you know what? You're
00:03:01
in you're in deep. you're in deep
00:03:02
because I I'm here in LA and the Los
00:03:05
Angeles studio wives group is really
00:03:09
really pissed off at you because they
00:03:11
feel that they're the problem. They feel
00:03:12
they're a much bigger problem than
00:03:13
private equity housewives. So, Hollywood
00:03:15
Studio heads wives versus private equity
00:03:18
wives. I know some of them um and
00:03:20
they're absolutely a bigger problem, but
00:03:22
there are fewer of them. God, it's kind
00:03:25
of hard to get critical mass. Yeah,
00:03:26
exactly. They're they're a smaller
00:03:28
threat. They're kind of an elite unit.
00:03:31
You know what I They're like Delta
00:03:32
Force. Got it. They have less money,
00:03:34
too. You know, they don't get as much in
00:03:35
the divorce as these private equity
00:03:37
wives. Got it.
00:03:40
So, they they're coming in like a SWAT
00:03:42
team. If you want to send them in to
00:03:44
deal with a very specific issue, great.
00:03:47
But they're not going to cause as much
00:03:48
bedum globally as the private. They
00:03:51
cause a lot of misery though, as one
00:03:52
McKenzie Bezos. Exactly.
00:03:55
Oh my god. All right. Listen, let's get
00:03:59
a plug in here. All-in summit, fourth
00:04:01
year. Tucker's coming this year, I hope.
00:04:03
Uh, September 7th to 9th in Los Angeles.
00:04:05
The goal, have the world's most
00:04:07
important conversations, yada yada yada,
00:04:10
blah blah blah. Apply for a ticket.
00:04:13
Allin.com/ yada yada yada or
00:04:15
allin.com/summit
00:04:16
to apply for a ticket. Freeberg is out
00:04:19
this week. So, Tucker is here and my
00:04:21
lord, a lot going on in the news. Let's
00:04:23
start with the immigration protests
00:04:27
slash riots slash ice actions in Los
00:04:31
Angeles. I'm actually here last Friday.
00:04:34
Protests broke out after ICE raided Home
00:04:37
Depot, a fashion wholesaler. In total,
00:04:40
44 people were arrested by ICE. 10 times
00:04:42
as many, 400 and counting, from the
00:04:45
protests. They even ran into uh ICE that
00:04:48
is ran into a strawberry field in Oxnard
00:04:51
uh to just randomly pick people up. It
00:04:54
seems uh at least a half dozen Whimos
00:04:56
were vandalized and burned. 20 plus
00:04:58
businesses looted
00:05:00
and uh Whimo narrowed their area and
00:05:03
it's spiked to 30-minute wait times. Uh
00:05:05
so that's a first world problem. Riders
00:05:07
throwing bricks, Molotov cocktails,
00:05:09
shooting fireworks at law enforcement.
00:05:11
Completely unacceptable. Two men were
00:05:13
charged with throwing molotov cocktails
00:05:15
at officers.
00:05:17
Trump deployed the National Guard, 2,000
00:05:19
at first, then 4,000 apparently.
00:05:22
And uh apparently there's a battalion of
00:05:25
Marines here, 700 of them. Karen Bass
00:05:28
instituted a curfew downtown LA 8:00
00:05:30
p.m. to 6:00 a.m. And uh prosecutors,
00:05:33
federal prosecutors that is, are trying
00:05:35
to identify hundreds of people. Nuome
00:05:38
Bass denounced the raids obviously and
00:05:41
uh they're blaming Trump for escalating
00:05:43
the situation. Trump and members of the
00:05:45
White House responded by calling out
00:05:46
California's weak leadership and now we
00:05:49
have protests popping up everywhere
00:05:50
else. New York, Chicago, Austin, DC.
00:05:52
Tucker, you grew up in Southern
00:05:54
California, I think. You I did. Yeah. LA
00:05:56
and La Hoya. I mean, are these riots
00:06:00
more or less than a Lakers championship?
00:06:03
Uh how concerning are they to you? Who's
00:06:05
to blame?
00:06:07
Well, as measured by violence, they're
00:06:09
less profound than, you know, what
00:06:11
happened in 2020 after George Floyd
00:06:13
died. They're way less dangerous than
00:06:16
say the Watts riot um or the Rodney King
00:06:20
riots in LA, but they're much more
00:06:22
profound. I mean, it it really does.
00:06:25
They're certainly a bigger deal than
00:06:26
anything that happened in Fort Sumpter,
00:06:27
for sure, which kicked off the bloodiest
00:06:29
war in American history. The federal
00:06:31
government has as a core duty uh the
00:06:34
right and responsibility to enforce
00:06:36
immigration law and police the borders.
00:06:38
That's what the government is. That's
00:06:39
what the federal government is really.
00:06:41
And so if you contest that, it is like a
00:06:45
threat to disunion fundamentally. I
00:06:47
mean, I think there's a lot at stake.
00:06:48
And we reached this point because a
00:06:51
series of paradoxically weak federal
00:06:53
governments allowed sanctuary cities to
00:06:57
continue literally for decades. each one
00:06:59
its own form of insurrection against the
00:07:01
central government. And maybe maybe you
00:07:02
don't believe that the federal
00:07:03
government has a right to pass laws
00:07:06
restricting immigration. It's not in
00:07:08
charge of the integrity of the borders.
00:07:10
You know, that that's a kind of
00:07:11
philosophical or constitutional case I
00:07:12
guess you could make. But most people
00:07:14
accept that those are federal duties.
00:07:16
And once you accept that, you can't
00:07:17
allow states or municipalities to flout
00:07:20
the law any more than you could allow
00:07:21
Central High School in Little Rock to
00:07:23
keep black students out or whatever. I
00:07:25
mean, certainly federal troops have been
00:07:26
called in for much less. And I think the
00:07:29
longer this continues,
00:07:32
the greater the threat of disunion, the
00:07:34
greater the threat of reaching a point
00:07:36
where you I don't know, you can't drive
00:07:37
from New York to LA. We take a lot for
00:07:40
granted in the country. And the main
00:07:41
thing we take for granted, I think, is
00:07:43
freedom of movement between states. But
00:07:45
you could easily imagine that ending
00:07:48
like soon in the same way that you can't
00:07:50
drive from, and I cuz I've tried from S.
00:07:51
Apollo to to Rio in Brazil, pretty first
00:07:54
world country. It's too dangerous to do
00:07:56
that. You could easily see that
00:07:57
happening here. So, I think once the
00:08:00
Trump administration commits to putting
00:08:03
down the riots, to enforcing federal law
00:08:05
by force, it kind of can't back away
00:08:07
from that. Like I, you know, and that
00:08:09
raises a question, who's funding these,
00:08:11
etc., etc. And I think it's a really
00:08:13
interesting question. We should find
00:08:14
out. I don't think the only arrest
00:08:16
should be on the scene. I do think the
00:08:18
drug cartels are involved flexing their
00:08:20
authority in California. They have a lot
00:08:22
of control in California as I'm sure you
00:08:23
know, etc., etc. But the bottom line
00:08:26
question is, does the federal government
00:08:27
have a right to enforce federal
00:08:29
immigration law? Yes. And if states are
00:08:31
out of compliance with that, it doesn't
00:08:33
have any option but to force the issue.
00:08:36
Traumatha,
00:08:38
when you see this amount of
00:08:41
paramilitary, milit literal military
00:08:43
coming in, the dragging of, you know,
00:08:47
handymen from Home Depot, as opposed to
00:08:50
the strategic way this started, which
00:08:52
was, hey, we're going to go after the
00:08:53
felons, we're going after the gang
00:08:54
members, the really bad folks. And then
00:08:56
this time now it seems like, hey, we're
00:08:58
just going to roll up to a farm. We're
00:09:00
going to roll up to a Home Depot. Just
00:09:03
grab everybody. We'll figure it out
00:09:04
later if their, you know, papers check
00:09:07
out or not. Are you in favor of the,
00:09:10
hey, all 20 million got to go? I'll call
00:09:12
that the Steve Bannon position. Or are
00:09:14
you into in the 5% of alien, illegal
00:09:17
aliens who are criminals, they need to
00:09:19
go, but maybe a path to citizenship for
00:09:22
the other 19 million. I think the
00:09:24
president was asked a version of that
00:09:26
question today, Jason. And I think what
00:09:28
he said is there are people that have
00:09:29
worked for example on farms for 20 to 25
00:09:33
years or they work in the leisure
00:09:35
industry. And he said we have to take a
00:09:37
common sense approach to those people
00:09:40
because if you do take those people then
00:09:43
it's creating a vacuum where these jobs
00:09:44
could get filled by folks that are
00:09:46
essentially criminals or other things.
00:09:48
So I believe that that's a reasonable
00:09:51
starting point. What I would say is
00:09:53
where do we go?
00:09:56
There are seven and a half
00:09:59
legal, not illegal, legal immigrants in
00:10:03
the United States waiting for their
00:10:06
adjustment of status.
00:10:09
Those are doctors, those are lawyers,
00:10:13
those are scientists, those are family
00:10:16
members of existing American citizens.
00:10:19
There's an entire body of people that I
00:10:22
think we have to recognize that have
00:10:23
been waiting in line and their first act
00:10:27
in America was a legal action to come in
00:10:30
and contribute. And every time we start
00:10:33
this conversation,
00:10:35
we go to the plight of people whose
00:10:37
fundamental first action was an illegal
00:10:39
action without understanding that there
00:10:41
has to be actually a more balanced
00:10:44
approach. So yes, I think the president
00:10:46
is right. common sense for the folks
00:10:48
that have now been here for a very long
00:10:50
time. But we have to prioritize the
00:10:52
people that started by saying we're
00:10:54
going to wait in line properly and then
00:10:56
there's people in the middle. But I
00:10:57
think that there needs to be a way to
00:10:59
give those folks a chance to get their
00:11:01
affairs in order, but they should be
00:11:04
playing by the rules. Got it. And I
00:11:06
think it's unfair to reward not playing
00:11:08
by the rules. Okay. So some middle
00:11:10
ground between the extreme all 20
00:11:12
million got to go and the
00:11:15
one example that I saw online Jason was
00:11:18
give folks a stipend and a year. Yes.
00:11:21
The stipen's been out there for a while
00:11:23
right to get their affairs in order and
00:11:25
then Kaizen said that right Kaizen said
00:11:27
that exactly and I think I think
00:11:29
Kaizen's clip is actually the most the
00:11:31
most rational for the middle chunk.
00:11:35
But I would really focus on these legal
00:11:37
folks and say what are we doing about
00:11:38
those folks whose first action was to
00:11:41
raise their hand, stand in line and say
00:11:44
I want to contribute by the rules that
00:11:46
America sets. So reward them and then
00:11:49
punish the illegal folks coming in.
00:11:51
Adjudicate everybody else or adjudicate
00:11:53
everybody else. Love it. Okay, Sax, I'm
00:11:55
going to play two clips here to level
00:11:56
this up and we can kind of look at this
00:11:57
in a multi-deade way. Here's Reagan on
00:12:00
immigration and then followed by
00:12:01
Clinton. It is bold men and women
00:12:04
yearning for freedom and opportunity who
00:12:06
leave their homelands and come to a new
00:12:09
country to start their lives over. They
00:12:11
believe in the American dream. And over
00:12:14
and over they make it come true for
00:12:15
themselves, for their children, and for
00:12:17
others. But their greatest contribution
00:12:19
is more than economic because they
00:12:22
understand in a special way how glorious
00:12:25
it is to be an American. They renew our
00:12:28
pride and gratitude in the United States
00:12:29
of America, the greatest, freest nation
00:12:32
in the world, the last best hope of man
00:12:36
on earth. All Americans, not only in the
00:12:39
states most heavily affected, but in
00:12:41
every place in this country, are rightly
00:12:43
disturbed by the large numbers of
00:12:45
illegal aliens entering our country.
00:12:48
That's why our administration has moved
00:12:50
aggressively to secure our borders more
00:12:52
by hiring a record number of new border
00:12:54
guards by deporting twice as many
00:12:56
criminal aliens as ever before. We are a
00:12:59
nation of immigrants, but we are also a
00:13:01
nation of laws. It is wrong and
00:13:04
ultimately self-defeating for a nation
00:13:06
of immigrants to permit the kind of
00:13:08
abuse of our immigration laws we have
00:13:10
seen in recent years, and we must do
00:13:13
more to stop it. Okay, Sachs, my
00:13:16
question for you is on a party basis,
00:13:19
this seems to have flipped. We talked
00:13:21
about this before on the program,
00:13:22
Republicans wanted immigration, NAFTA,
00:13:26
legal reg uh even maybe an open border
00:13:29
where workers could go freely back and
00:13:31
forth from Mexico, kind of like the EU.
00:13:33
And uh Clinton
00:13:35
wanted to deport folks so that Americans
00:13:37
get could have more jobs and that wages
00:13:40
would go up. Now, it seems to have
00:13:41
flipped. Obviously, you're inside the
00:13:43
administration. Disclaimer, disclaimer,
00:13:45
whatever you however you want to
00:13:46
disclaim this. What's in the best
00:13:47
interest of all Americans going forward?
00:13:50
Because we have an interesting wrinkle
00:13:52
here which I'm sure you've been thinking
00:13:54
about as the AI ZAR which is jobs are
00:13:57
going away in a lot of key fac.
00:14:04
So you have to contend with what the
00:14:06
American people want and AI and job
00:14:10
destruction or displacement that could
00:14:11
be caused by it. So what are your
00:14:13
thoughts generally and and I obviously
00:14:15
you work in the administration so I want
00:14:16
to give you that chance to explain
00:14:18
personal versus administration position.
00:14:21
Well my reaction is that you're doing
00:14:23
everything possible to avoid the fact
00:14:25
that LA is on fire right now and law
00:14:27
enforcement is being assaulted by riers
00:14:30
who look like an invading army. They're
00:14:32
rioting under a foreign flag. Yeah.
00:14:34
You're showing clips of Reagan and
00:14:36
Clinton. What the hell does this have to
00:14:37
do with the fact that there are riots in
00:14:40
LA right now?
00:14:42
Oh, I was trying to This is the issue at
00:14:43
hand. Oh, I was trying to level up the
00:14:45
conversation to talk about the big
00:14:46
picture of immigration, but if we want
00:14:48
to get down changing the conversation, I
00:14:49
think the No, I I'm I'm trying to
00:14:51
expand. But Hold on, hold on, hold on.
00:14:53
If you're going to accuse me personally
00:14:54
of like having a scale here, I'm happy
00:14:56
to discuss law enforcement January 6th
00:14:59
or this one. I believe you should not
00:15:01
beat up cops. I come from a family of
00:15:02
cops. You know that we've been friends
00:15:04
for over 20 years. My family is cop. My
00:15:07
family is firefighter. We don't approve
00:15:10
of throwing moral tough cocktails at
00:15:13
cops. Period. Full stop. I am insulted
00:15:16
if you even insinuate that. I didn't
00:15:18
insinuate that, but we have not
00:15:20
discussed the issue at hand, which is
00:15:22
you can feel free to go is burning right
00:15:25
now. By the way, if you don't want to
00:15:29
get deported, try not rioting under a
00:15:31
foreign flag. I mean, it's just a stupid
00:15:34
way to advocate for your position if
00:15:36
that's what it is. But that's that's the
00:15:38
topic of the week right now. I don't
00:15:39
know why you're trying to uplevel this
00:15:41
and talk about what Reagan thought 40
00:15:44
years ago. It's just not relevant to
00:15:46
what's happening in the news today. Now,
00:15:48
you asked what is the quote unquote
00:15:49
American position if there is one. I can
00:15:51
give you some polling on that. So, first
00:15:53
of all, voters approve of the ICE raids
00:15:55
in Los Angeles by 55 to 37. That's plus
00:15:58
18. Voters support the administration's
00:16:00
effort to deport illegal immigrants by
00:16:02
5837. That's plus 21. They approve of
00:16:05
Trump deploying the National Guard by 20
00:16:08
points, 5939.
00:16:10
Only 36% say the administration's gone
00:16:12
too far, while 55% say it's about right
00:16:15
or too little. So at plus 19. And even
00:16:19
the liberal uh Quinnipiac poll found
00:16:22
that Democrats approved numbers are at a
00:16:24
new all-time low of minus 49, whereas
00:16:28
Trump is now up to plus six in Morning
00:16:32
Consult and plus eight in Rasmusen. So,
00:16:35
I think the American people approve of
00:16:37
what the administration is doing here.
00:16:39
And just to fact check, one thing you
00:16:41
said in the introduction, you mentioned
00:16:42
this fashion wholesaler that along with
00:16:44
Home Depot, you made it sound like these
00:16:46
raids were just happening willy-nilly,
00:16:48
like there's some big roundup where they
00:16:50
were just busting into places and seeing
00:16:51
who's illegal, checking people's papers.
00:16:53
That's not what happened. This fashion
00:16:55
wholesaler is a moneyaundering operation
00:16:57
for the Mexican cartels. This is
00:16:59
according to Tom Hman. and many
00:17:01
employees there are involved in very
00:17:03
serious crimes, drug gang and violence,
00:17:06
murder, child rape, and there were
00:17:08
warrants for their arrest. So, the way
00:17:10
that this whole thing started is ICE was
00:17:13
serving criminal warrants
00:17:15
that state and local authorities have no
00:17:17
right to resist. That's how this
00:17:19
started. It wasn't random roundups.
00:17:22
Okay. Okay. I was just there's reporting
00:17:23
that Steven Miller specifically said
00:17:25
just he was disappointed with the number
00:17:28
of people being round up and deported
00:17:31
and he said just go to a farm just go to
00:17:34
Home Depot. So I mean that's the
00:17:36
reporting. Okay. Well, I have not been
00:17:38
able to confirm that reporting. I don't
00:17:39
I personally don't believe it. I think
00:17:41
that what Tom Holman said is that they
00:17:42
were serving criminal warrants. That's
00:17:45
how this started. Okay. Now, I think
00:17:48
that part of the reason why the
00:17:49
Democrats are so unpopular here is
00:17:52
they're basically perceived as excusing
00:17:54
the lawlessness by saying that it's only
00:17:56
happening because the Trump
00:17:57
administration's daring to enforce the
00:17:59
law. And so once again, they're siding
00:18:02
with lutters, arsonists, and violent
00:18:04
criminals just like in 2020. And who's
00:18:07
who's siding? This is Democrats. Okay?
00:18:09
Because the Democrats, they said no
00:18:12
violence. So that was many times Gavin
00:18:14
Newsen said no violence. Karen Bass said
00:18:15
no violence. They they've been tweeting.
00:18:17
They also Okay, great. They also are
00:18:20
saying that this is all Trump's fault
00:18:21
that Trump started this. Bassid Newsome
00:18:23
said that the National Guard wasn't
00:18:25
needed because LAPD had everything under
00:18:26
control. But LAPD was at first told to
00:18:29
stay out of the protests and when the
00:18:31
violence erupted and that forced him to
00:18:34
step in, they were according to their
00:18:36
own chief of police, Jim McDonald,
00:18:37
quickly overwhelmed. So this is
00:18:39
McDonald. He said, quote, "We are
00:18:42
overwhelmed. Tonight we had individuals
00:18:44
out there shooting commercial grade
00:18:45
fireworks at our officers that can kill
00:18:47
you. They'll take backpacks filled with
00:18:48
cinder blocks and hammers, break the
00:18:50
blocks, and pass the piece around to
00:18:52
throw officers and cars, even at other
00:18:54
people. So according to their own chief
00:18:56
of police, they needed the help from the
00:18:58
National Guard. So that's the real issue
00:19:00
here is that Bass and Nuome had this
00:19:03
policy of of doing nothing and then
00:19:05
engaging in denialism, pretending like
00:19:07
there wasn't a problem, and then when
00:19:09
the problem got too big to ignore, they
00:19:10
pretend like it's Trump's fault for
00:19:12
causing it. Tucker, what's your thoughts
00:19:14
on should the Trump administration have
00:19:18
had such a show of force? If the reports
00:19:20
are true that they're randomly going,
00:19:23
you know, to a Home Depot, if that is
00:19:24
true, is that the right approach right
00:19:27
now or is it, you know, a little too
00:19:29
provocative and they should do this more
00:19:30
strategically in your personal opinion?
00:19:33
Uh, well, considering that we have
00:19:35
American troops in over a 100 bases
00:19:37
around the world in countries most
00:19:38
Americans can't identify, it's a little
00:19:41
weird to be shocked when on that rare
00:19:43
occasion they're used to keep the second
00:19:45
biggest city in the country from burning
00:19:47
down. It seems like a the point of
00:19:50
having a military is to keep foreigners
00:19:53
from burning your cities. And these are
00:19:54
foreigners as David said. They're
00:19:56
foreign nationals committing crimes
00:19:59
beneath a foreign flag. So that if there
00:20:01
was ever a time to use the US military,
00:20:02
it's then. And as noted earlier, you
00:20:05
can't allow the states to be flagrantly
00:20:07
out of compliance with federal
00:20:08
immigration law. And I have to say the
00:20:10
core question for me as an American is a
00:20:14
really a fairness question. So the idea
00:20:15
that, you know, people are breaking the
00:20:17
law, but it's cool because they're doing
00:20:18
essential services, like, well, you
00:20:20
know, I pay a lot in taxes. Maybe I pay
00:20:22
80% and that feels like enough to me.
00:20:23
And hey, man, do you really have a right
00:20:25
to collect the the last 20%. I mean,
00:20:27
isn't 80% enough? Like, back off. I
00:20:30
don't have the right to say that as an
00:20:32
American citizen to an IRS agent, I wind
00:20:33
up in jail if I do that or if I break
00:20:35
any law, by the way. It's a rule of law,
00:20:37
critically important. No, but not only
00:20:39
that, it's a double standard. And and I
00:20:41
live in a place where a lot of the
00:20:42
population subsists on food banks and
00:20:44
where there very few jobs and it really
00:20:47
is one of those places that NAFTA
00:20:48
destroyed whose economy NAFTA destroyed
00:20:51
and to see in the place where I live
00:20:53
immigrants get preference on housing on
00:20:56
jobs which is actually true and I know
00:20:58
that liberals watching be like that's
00:20:59
not really true. It is true actually and
00:21:01
I and I wonder cuz the real number is
00:21:03
not 20 million it's closer to 50
00:21:05
million. I think that's true uh illegals
00:21:07
in the United States. Clearly, they
00:21:09
can't all be deported by ICE. But I also
00:21:12
think if you have a system that hands
00:21:14
out
00:21:16
meaningful grants in effect, cell
00:21:18
phones, travel vouchers, housing
00:21:20
vouchers, free education, food stamps to
00:21:23
people who are here legally or who are
00:21:24
here legally as refugees, you are going
00:21:27
to draw the world's poor. And I think
00:21:29
it's fair to ask, do we want that? How
00:21:30
do we benefit from that? And are we
00:21:32
giving more to foreigners than we're
00:21:34
giving to our own citizens? And the
00:21:35
answer is yes. And like how dare you at
00:21:38
a certain point like you get a
00:21:39
revolution if you keep doing that.
00:21:40
That's too much. It's too offensive. Got
00:21:42
it. So I think we all agree no violence
00:21:44
on cops, shut the southern border and
00:21:47
giving crazy amount. Let me just think
00:21:49
the National Guard should never brought
00:21:51
in. You let me ask questions, don't you?
00:21:53
Do you think the National Guard should
00:21:54
be brought in? Yes or no? If the local
00:21:57
police can't handle what's going on, of
00:22:00
course they should be brought in. Sure.
00:22:02
I believe that during
00:22:04
are questioning that decision. You ask
00:22:06
me the question. I believe they should
00:22:07
have been brought in for January 6th for
00:22:09
BLM or for the LA riots if the local
00:22:13
police can't contain them. 100% I
00:22:15
believe the National Guard should have
00:22:16
been brought in for January 6th when
00:22:18
they were beating cops. I believe they
00:22:19
should be brought in now if cops are
00:22:21
being beaten. And I believe they should
00:22:22
have been brought in during BLM when
00:22:24
cops were being beaten. I am pro cop. I
00:22:27
come from a family of cops. So you can
00:22:29
ask me the questions. So Newsome and
00:22:31
Bass are out of line when they say that
00:22:33
the National Guard should not have been
00:22:34
brought in. I think well number one I
00:22:37
think they should call the National
00:22:38
Guard if they can't control it. I'm not
00:22:40
But that's their criticism of Trump is
00:22:42
that he called in the National Guard.
00:22:44
You agree that that was necessary. It's
00:22:45
obviously necessary. Just look at the
00:22:47
TV. The still on fire. The cops are
00:22:49
completely overwhelmed.
00:22:51
By the way, I find it comical that Well,
00:22:55
let me stretch this one point then you
00:22:57
can speak. Yeah. I find it comical that
00:22:59
permission the Massachusetts governor
00:23:01
called up the National Guard when Dantis
00:23:03
sent remember when he sent the 50
00:23:05
migrants over to Arthur's Vineyard. Yes.
00:23:07
And they all freaked out and they
00:23:09
literally called the National Guard in
00:23:11
because 50 migrants all of a sudden had
00:23:12
been flown into Marthur's Vineyard. They
00:23:14
did. Yeah. Okay. But was that you can
00:23:16
have you can have them or because there
00:23:18
was riots? Well, that was when Dantis
00:23:20
was making a point about but that was to
00:23:23
process them. They weren't rioting on
00:23:24
Martha's Vineyard. These were just
00:23:26
nonetheless the National Guard was
00:23:27
brought in and you know you can have
00:23:30
thousands of people though riding in LA
00:23:31
but somehow the National Guard shouldn't
00:23:33
be brought in. I we we're in agreement.
00:23:35
So you can try to force me to disagree
00:23:36
with you but I'm in agreement. Anytime
00:23:38
the cops are overwhelmed I think the
00:23:39
National Guard should be brought in.
00:23:40
Period. Full stop. So we're in agreement
00:23:42
on that. What I'm trying to get to is
00:23:44
Tucker, if you believe there's 50
00:23:45
million people, let's say the numbers 30
00:23:48
million. We we split the difference
00:23:49
between the two, 35 million, whatever it
00:23:51
is. My question for you, how many should
00:23:54
be deported by ICE at $20,000 a person,
00:23:58
which is the estimate that, you know,
00:23:59
both sides seem to agree is what it's
00:24:01
going to cost. Should we deport a
00:24:02
million? Should we deport 10 million?
00:24:04
And then how, Tucker Carlson, would you
00:24:06
deport them?
00:24:08
Well, I think the goal has to be
00:24:12
full compliance with the law for
00:24:13
everybody within our borders, citizen or
00:24:16
foreignb born, illegal, refugee, green
00:24:19
card holder. If you're in the United
00:24:21
States, you obey our laws. And if you
00:24:23
don't, we make a good faith effort to
00:24:26
enforce them despite how powerful the
00:24:29
political block may be. 50 million. So,
00:24:32
so of well, of by definition, or else
00:24:34
why wouldn't I apply that same standard
00:24:36
to my taxes, right? So, but how do you
00:24:38
do it? Citizenship. Yeah. Let's get into
00:24:40
that. Yeah. Right. So, well, that's a
00:24:41
hostage situation. It's like we've got
00:24:43
50 million here already. We've lied
00:24:44
about the number for 30 years now. Wow.
00:24:46
It's 50 million or 35 million. We need
00:24:49
them. everyone gets a path to
00:24:50
citizenship,
00:24:52
you know, that's a kind of crime
00:24:53
actually. But the first step, and the
00:24:56
phrase has been devalued, but
00:24:57
self-deportation,
00:24:59
if you have a system where people come
00:25:02
to the United States to make their own
00:25:04
way and take advantage of the freedoms
00:25:06
offered in the economy, uh, they're
00:25:08
allowed to participate in the economy,
00:25:10
then I think you could have a system
00:25:11
where people really admire immigrants in
00:25:13
the way that they did when I was growing
00:25:14
up and that I I still do in some ways. I
00:25:16
mean, some of my favorite people are
00:25:17
immigrants and they all tell the same
00:25:19
story. Came here with nothing, built
00:25:20
this great life, but you make everybody
00:25:23
cynical and you sort of destroy the idea
00:25:26
of the virtue of immigration when you
00:25:29
hand people stuff and give them
00:25:31
preference when they arrive. And we
00:25:33
don't talk enough about what that
00:25:35
actually looks like. We spend a lot more
00:25:37
than 20 grand a person right now in
00:25:39
subsidies to people who aren't even
00:25:41
allowed to be here. They pay into social
00:25:44
security too, right? to the tune of 100
00:25:45
million years. Oh, okay. Right. No, no,
00:25:48
that's just what was reported by our
00:25:50
government. If we want to get conspiracy
00:25:51
corner, that's I think those are fake. I
00:25:53
think those are fake numbers. Look, does
00:25:54
anybody really believe that 50 million
00:25:57
illegals is a net benefit to the US
00:25:58
economy? Are you serious? Have you been
00:26:00
to our cities? No, of course not. It's
00:26:03
not. I actually probably a large number
00:26:06
of them are a net benefit because
00:26:07
they're working in jobs that Americans
00:26:09
don't want to take and we're at 4%
00:26:10
unemployment. So, who's going to take
00:26:12
all those jobs if they get deported?
00:26:14
Chucker, aren't But weren't you just
00:26:15
saying that we're on the cusp of a of a
00:26:17
labor revolution where some you 20% of
00:26:19
American jobs are going away in 2 years?
00:26:21
It could be. Yeah. So that's the that's
00:26:23
the nuance in this discussion is 5 years
00:26:25
ago we might be dealing. It's like a
00:26:28
brick wall we're about to hit at high
00:26:29
speed. And I don't understand having
00:26:31
accustomed an entire generation of tens
00:26:34
of millions of immigrants to government
00:26:35
handouts what the social fabric is going
00:26:38
to look like when that stops. Yeah. Can
00:26:40
I say something cuz I I Tucker is saying
00:26:43
something really important which I agree
00:26:44
with. What should immigration be in a
00:26:48
highly developed nation like the United
00:26:50
States and my perspective is you have to
00:26:54
come and say well what is the goal? I
00:26:56
think the goal should be to maintain
00:26:58
supremacy. The United States is the most
00:27:00
vibrant economy in the world. It's the
00:27:02
most important military power in the
00:27:04
world. It's the most technically
00:27:05
advanced entity in the world. If we do
00:27:09
not focus on maintaining our supremacy,
00:27:13
I don't think any American wants to go
00:27:16
through the process of going from first
00:27:18
to not first.
00:27:20
And if you look back in history at all
00:27:22
of the other countries that have had to
00:27:24
go through that transition, that is
00:27:26
where revolutions and chaos happen. So
00:27:30
we should avoid that. So where does
00:27:32
immigration play a role? It needs to
00:27:34
play a role first and foremost in
00:27:36
technical, military, and economic
00:27:38
supremacy. The problem, as Tucker says,
00:27:41
is when you have five or six times the
00:27:43
number of illegal immigrants as legal
00:27:46
immigrants, all of a sudden the idea of
00:27:48
using immigration as a cream skimming
00:27:50
technique to reinforce the most capable
00:27:54
people in the world to come here goes
00:27:56
away because you can't have that
00:27:58
conversation. We have people languishing
00:28:01
for 10, 15, 20 years on visas, okay?
00:28:05
Their kids age out. They all go back to
00:28:07
India and other places.
00:28:10
Why? Because we can't focus on that
00:28:12
conversation, Jason, because we're
00:28:14
focused on how do we give amnesty to
00:28:16
folks whose initial action was breaking
00:28:18
the law. Absolutely correct. And this is
00:28:21
where the whole immigration conversation
00:28:24
devolves. We are missing the bigger
00:28:26
picture and you need to deal one second.
00:28:29
You need to deal with the illegal
00:28:31
immigration thing in an extremely
00:28:34
foundational way where you can defend
00:28:36
the decision. You started illegally
00:28:39
and you have to now go and conform to
00:28:42
the law which is where I'm trying to
00:28:43
steer this discussion. Number one, we
00:28:45
all agree on closing the border. It
00:28:46
seems like there's a a breaking
00:28:48
consensus here. Tucker wants to
00:28:50
eventually deport everybody. You want to
00:28:52
do something in the middle like Trump.
00:28:54
Sax, I'm not sure what your personal
00:28:55
position is or if you want to give it.
00:28:56
Do you feel we should try to have a path
00:28:58
to deport as many of these 20 30 million
00:29:01
as possible or do you believe we should
00:29:02
have a path towards uh citizenship for
00:29:06
them? What is your personal belief or do
00:29:08
you want to not get Well, I I remember
00:29:09
when you asked that question to now vice
00:29:12
president JD Vance at all summit and he
00:29:14
said that you basically address that
00:29:17
problem the same way that you eat a
00:29:18
sandwich, which is one bite at a time.
00:29:21
So that makes sense to me. If there's 20
00:29:23
million illegals, you start with the top
00:29:25
million who are violent criminals and
00:29:27
gang members and you deport those. And
00:29:31
that is what ICE was doing. They were
00:29:33
serving criminal warrants. And then
00:29:35
after you successfully do that, then you
00:29:36
see where you're at and you can address
00:29:38
the next bite of the sandwich. That
00:29:39
makes sense to me. Now, look, I I think
00:29:42
that we're not really addressing a
00:29:44
really core part of the issue here,
00:29:46
which is for a couple of decades now,
00:29:50
conservatives were demonized, and Tucker
00:29:53
in particular, I think you were
00:29:54
demonized for warning about the policies
00:29:59
that have created the mess that everyone
00:30:01
can see on TV right now. And that mess
00:30:05
is we have a large unassimilated
00:30:07
population of military-aged males who
00:30:10
are basically rioting right now under a
00:30:12
foreign flag as if they were foreign
00:30:15
invaders. We basically have allowed a
00:30:17
separatist movement into the United
00:30:18
States. That's what it looks like to me.
00:30:20
And I remember when Tucker was warning
00:30:22
about the the policies that might create
00:30:24
this on his show for years, you know,
00:30:27
virtually alone, probably alone on Fox
00:30:29
News, you know, you were called a
00:30:31
racist. this was great replacement
00:30:32
theory, blah blah blah. How can everyone
00:30:35
not look at what's happening on TV right
00:30:37
now and say Tucker was right? You know,
00:30:39
that was really dumb. And look, I say
00:30:41
this as someone from a family. I'm I'm
00:30:44
one of the people that Ronald Reagan was
00:30:45
talking about. You know, my family and I
00:30:46
came over here. We're immigrants, but we
00:30:48
came over here to assimilate. You know,
00:30:49
we believe in the melting pot. Be
00:30:51
careful. You might get canceled for
00:30:52
bringing up the melting pot. The melting
00:30:54
pot's good. I mean, I think that was the
00:30:56
classic American model. Melting is
00:30:58
totally good. You speak. I'm just saying
00:31:00
you could cancel. That's what you're
00:31:02
supposed to do. Like why do why would
00:31:04
anybody I came here because I wanted to
00:31:06
be American and everything that American
00:31:08
meant. If I was bigger, I would have
00:31:09
played football. You know, like there's
00:31:11
all these things that I would have done
00:31:12
to assimilate more and more. I believe
00:31:14
in the culture of the United States.
00:31:16
That's why people should come, right? So
00:31:19
we came here, we assimilated, you know,
00:31:21
high skill immigrants, didn't have a
00:31:23
lot, but had good education and willing
00:31:25
to assimilate. That's very different
00:31:27
than what you're seeing on TV right now.
00:31:29
And again, if the people on TV just
00:31:31
wanted to protest immigration policy in
00:31:34
the way that you're talking about, I
00:31:36
mean, you're describing it in this like
00:31:37
very nice gental way, they would be
00:31:40
peacefully protesting under an American
00:31:42
flag, saying, "We want to be here. We're
00:31:44
willing to contribute." I think the
00:31:46
issue was that's not what's happening. I
00:31:48
I you can see that, right? I mean, they
00:31:50
they look like foreign invaders. I would
00:31:52
say, by the way, this is like the
00:31:53
dumbest PR that, you know, if this
00:31:57
debate is really about immigration, this
00:31:59
is like the dumbest way for them to
00:32:00
present their side of the argument.
00:32:02
Yeah. Because who wants to keep in this
00:32:04
country a large unimilated population
00:32:07
that is proud to march, not just march,
00:32:10
but actually protest and riot and burn
00:32:12
and assault under the flag of another
00:32:15
nation. I would say dollars to donation.
00:32:17
Majority of the people who are doing the
00:32:19
looting and rioting are not actually
00:32:21
immigrants because they have the ability
00:32:23
to be deported. The people who are doing
00:32:25
that are the bad actors that we saw
00:32:26
during BLN. The bad actors that we saw,
00:32:29
you know, in LA when the Lakers win.
00:32:31
I've lived here for a decade and I am
00:32:34
here right now. I can tell you it's
00:32:35
contained. And those 80 90% of those
00:32:37
people are not the immigrants. The
00:32:38
immigrants are hiding right now for fear
00:32:40
of being deported. But let's sort of
00:32:43
talk about do the path. Well, where do
00:32:47
you where do you guys want to go with it
00:32:48
here? I mean, uh, I can give you my
00:32:49
opinion if you want. Well, Tucker, I
00:32:50
mean, like I I don't know. I mean, I
00:32:52
don't want to speak for you, but I mean,
00:32:53
I I I I do think that like Tucker should
00:32:55
feel vindicated on this issue for
00:32:57
speaking about so many years. You feel
00:32:59
vindicated?
00:33:01
I mean, I never doubted it. I grew up I
00:33:03
was born in California in 1969 and I my
00:33:06
family got there in 1850. I have some
00:33:08
sense of what the state was like um
00:33:10
certainly through my childhood and it
00:33:12
was an it was idyllic and it's it's it's
00:33:15
not you know the rich areas are great is
00:33:17
great is still great I think I mean
00:33:20
there are great Mount Shast is great
00:33:22
lots of great places in California um
00:33:24
but fundamentally the state is a slum
00:33:26
Latin American country and immigration
00:33:28
did that and I say that as someone who
00:33:30
is pretty pro-immigrant actually my best
00:33:32
friend's an immigrant I mean I I've
00:33:33
always admired liked immigrants um I'm
00:33:36
hardly anti-immigrant or anti
00:33:37
immigration, but the way we did it
00:33:39
destroyed the state. Immigration is what
00:33:41
made California into a slum, and there's
00:33:43
kind of no way around that. And so,
00:33:45
that's not an argument against all
00:33:46
immigration. I I'm not making that
00:33:47
argument. I don't feel that way. But,
00:33:50
uh, it's an argument against what we did
00:33:51
in California. And rather than learn
00:33:54
from that, we're doing it in every other
00:33:56
state. And I don't know why. And I
00:33:58
think, you know, if the other side had a
00:34:00
reasonable argument, they would profer
00:34:02
it. But instead, they call you names and
00:34:04
try to turn you into some kind of
00:34:06
thought criminal or whatever. I don't
00:34:07
care obviously. Um but it's a it's a
00:34:11
sort of measure of how um little they
00:34:14
have to say in response. They're not
00:34:15
actually trying to make the country
00:34:16
better. That's kind of the main thing. I
00:34:18
have always thought immigrants are great
00:34:20
because they did it make the country
00:34:21
better, right? I mean I I think that's
00:34:23
demonstrable. But the people pushing our
00:34:25
current policies don't have that as a
00:34:27
goal. This is a kind of punishment for
00:34:30
something. And a lot of it's ethnic
00:34:32
actually. It's a it's a kind of attack
00:34:34
on the people who were born here. I
00:34:36
don't know where that hostility comes
00:34:37
from. You can feel it though. And I
00:34:40
think it's foolish to deny it. That is a
00:34:42
motive. They're trying to hurt the
00:34:43
people who live here. And I again, I
00:34:45
live in a place currently where I see
00:34:46
that happening. Um, and it drives me
00:34:49
totally bonkers. And the last thing I'll
00:34:50
say is if you think the way we once did
00:34:53
immigration was good and a lot of
00:34:55
immigrants are awesome people and I do
00:34:57
think that this is discrediting all
00:35:00
immigration 100% and it's turning people
00:35:02
into pretty radical immigration
00:35:05
restrictionists are like look I don't
00:35:06
want any more immigrants. Yeah, you know
00:35:09
that's inevitable. Um but it's sad to
00:35:11
see it.
00:35:13
By the way what you're saying is is the
00:35:16
most true for immigrants. Legal
00:35:18
immigrants look at illegal immigration
00:35:20
even more negatively than nativeborn
00:35:23
Americans, which makes sense, right? I
00:35:25
mean, they waited in line and other
00:35:26
people didn't. You would be really upset
00:35:28
if somebody cut the line. Jason, what do
00:35:30
you think? Obviously, there's a lot of
00:35:31
emotion around this issue. I think
00:35:32
numbers help and I always look to see
00:35:35
what is the consensus amongst the group
00:35:37
here and amongst, you know, Americans.
00:35:40
Everybody wants the border closed. Trump
00:35:42
won on that. So, okay, we all agree the
00:35:44
border should be closed. I think 80 90%
00:35:45
consensus in that 80 90% of Americans
00:35:49
think we should deport violent
00:35:50
criminals. Okay, we got consensus there.
00:35:52
So then what's left is what do we do
00:35:54
with highskilled recruiting? I like to
00:35:57
use the word recruiting and we had that
00:35:58
discussion with President Trump here. He
00:36:00
promised to put a green card on every
00:36:02
degree. I agree with him on that. I
00:36:05
think we should be recruiting at least a
00:36:07
million or two million amazing people
00:36:09
per year. 1 to two million amazing
00:36:12
people. We should match that to what the
00:36:13
needs of the country are. If we need
00:36:15
energy, if we need doctors, we should
00:36:17
match that. Where we probably disagree
00:36:19
is I think the Democrats and the
00:36:22
Republicans share equally in this issue
00:36:25
that was created that Tucker pointed
00:36:26
out. Yes, there are 40, 30, 50, who
00:36:29
knows what the exact number is. That's
00:36:30
part of the problem. Here's a chart we
00:36:31
made. This just shows you under each of
00:36:35
the last, you know, uh 50 almost 50
00:36:38
years of of presidents, how many people
00:36:41
net uh immigrated to the country. And as
00:36:43
you can see, you know, it's been pretty
00:36:46
consistent.
00:36:47
You know, around 3 million per and uh
00:36:50
Clinton and Bush had a ton of
00:36:52
immigration. Both uh Bushes were paid
00:36:55
for a lot of their donations came from
00:36:58
corporates who wanted free migration.
00:37:00
America created this. Hold on. Let me
00:37:02
finish my thought. Outlier here, Jason,
00:37:04
though. Oh, well, yeah. Biden is the
00:37:06
huge outlier. We We all agree on that.
00:37:07
Biden let it go yolo. And I understand
00:37:10
people have a lot of resentment for that
00:37:11
and rightfully so. And if you bring in
00:37:13
10 million people, you're going to let
00:37:15
get a lot of bad guys. But you put this
00:37:16
all together. My belief is that this is
00:37:19
a country of immigrants and that this
00:37:21
country does great when hardworking
00:37:23
immigrants assimilate. I think we should
00:37:25
take this raw firepower of these
00:37:27
incredible immigrants who have been here
00:37:29
for decades. If you've been here for 10
00:37:30
or 20 decades, pay a fine, pay some
00:37:33
extra taxes, and we give these people a
00:37:35
path to citizenship. And we recruit the
00:37:39
top one to two million people. That's my
00:37:41
belief. You do that before or after the
00:37:43
people that have been waiting in line
00:37:44
get a fair shake. I think I would start
00:37:47
before or after. I think you have to do
00:37:49
it before because we created this. And I
00:37:51
I I know that that's not something that
00:37:53
people want to take ownership of, but
00:37:55
America created the situation. Bush
00:37:58
created it. created Clinton America.
00:38:00
Yes. The country that we live in, our
00:38:02
government allowed millions of people
00:38:04
here and the Republicans did this
00:38:07
specifically in order to get cheap
00:38:09
labor. Let me let me ask for what we did
00:38:12
with these people. Let's just say that
00:38:14
you're an international Let's just say
00:38:16
you're an international mathematics
00:38:18
olympiad winner. You get recruited to
00:38:21
come to the United States on a student
00:38:22
visa. You crush it. Let's say you go to
00:38:25
MIT and then you go and do a PhD at
00:38:28
Caltech and then you get recruited on an
00:38:30
OPT visa by Google and you're just
00:38:33
crushing. Awesome. And and you're saying
00:38:36
that that person Oh, no. Sorry. That's a
00:38:38
more subtle question. That person we
00:38:40
should recruit. As I said very clearly,
00:38:41
recruit 1 to 2 million. They're
00:38:44
currently waiting in line, Jason. Yes.
00:38:46
So, let's just So, I'm saying yes, let
00:38:48
them in. And yes, a path to who do you
00:38:50
prioritize? You have one. You can do
00:38:52
both at the same time. No, no, you
00:38:53
don't. Can of course you can we could
00:38:56
have one group recruiting a million to 2
00:38:58
million highly skilled labor highly
00:39:00
skilled individuals of the type you're
00:39:02
describing while having another group.
00:39:05
We can do two things at the same time.
00:39:06
Chimoth absolutely you can you're you're
00:39:08
giving a false question here. Then we
00:39:10
take the person who's been here for 20
00:39:12
years as a dishwasher as a nanny who has
00:39:14
been an amazing citizen who has been
00:39:16
paying into social security. give them a
00:39:18
path, a compassionate path. And we as
00:39:20
America and Americans should take
00:39:22
ownership of the fact that we allowed
00:39:24
this and the people who allowed it were
00:39:26
Republicans and Democrats. We allowed
00:39:28
these people to come in to work in our
00:39:30
restaurants and fields, which is what
00:39:32
Trump said today. Trump is in agreement
00:39:34
with me. That's not what he said. He
00:39:37
said something. He said he wants to not
00:39:39
have those people leave. It's just
00:39:41
amazing to me that on this podcast
00:39:44
during the Biden years, you were echoing
00:39:46
this party line that the videos of, you
00:39:49
know, mass migration, caravans streaming
00:39:52
across the border, going through the
00:39:53
holes in the wall. You said those were
00:39:54
videos cherrypicked by Fox News. You
00:39:57
told the party line that there was no
00:39:59
problem. Now all of a sudden, now all of
00:40:01
a sudden you're saying it was a
00:40:02
bipartisan problem. No, no, fact check.
00:40:04
I said we are we don't know because we
00:40:06
don't have the the metrics and we don't
00:40:07
have a good system, which we all agree
00:40:09
on. There's no good system. Anybody who
00:40:11
went down to the border was saying that
00:40:12
it was wide open, right? And as we got
00:40:14
that data, I said this data on the
00:40:16
ground shows we should shut the border.
00:40:19
That's always suddenly became very
00:40:20
empirical about the issue. I I've always
00:40:22
been empirical about it and I've also
00:40:24
been compassionate. This whole like both
00:40:25
sides are to blame thing kind of ignores
00:40:27
the fact that you had the Trump
00:40:28
revolution in 2016. There is some truth
00:40:30
to the idea that both parties neglected
00:40:33
the problem. If you go back far enough,
00:40:35
like you know, Tucker will remember this
00:40:36
when Bob Bartley was the editor of the
00:40:38
Wall Street Journal op-ed page, they
00:40:40
actually supported a constitutional
00:40:41
amendment in favor of open borders. I
00:40:43
mean, they really believed in this whole
00:40:45
idea of pull free trade, open borders,
00:40:49
free flow of capital and labor. Okay,
00:40:51
but that was a long time ago. And you
00:40:53
know, with the rise of Trump in 2015,
00:40:55
2016, it became a different party. Trump
00:40:59
got elected on building a wall. Yeah.
00:41:01
And what happened? The Democrats fought
00:41:03
him tooth and nail. They tied him up in
00:41:05
litigation. He was able to build
00:41:06
hundreds of miles of wall, but there
00:41:08
were uncompleted parts of it. And when
00:41:10
Biden came into office, there were large
00:41:13
pieces of the wall that were still on
00:41:15
the ground just waiting to be erected.
00:41:17
And Biden sold them off as scrap metal
00:41:18
for two cents on the dollar. Do you
00:41:20
remember this? And then Biden and the
00:41:22
Democrats proceed in favor. Hold on a
00:41:24
second.
00:41:27
Please don't frame it as I'm against
00:41:28
that. Okay, just forget about you. Just
00:41:30
you you said Democrats and Republicans
00:41:31
are a blamed for this. Not in the last
00:41:33
not in the last eight years. No. Oh
00:41:36
yeah. No. No. Biden Trump wanted a wall.
00:41:38
Yeah. Biden. Yeah. Opened up the border
00:41:41
and Democrats supported him in that and
00:41:43
they thwarted every Republican attempt
00:41:46
to close the border for three years.
00:41:48
Hold on a second. For three years they
00:41:50
gas lit and pretended it wasn't a
00:41:52
problem. Then when it became undeniable,
00:41:55
they claimed that Biden didn't have the
00:41:57
executive authority. So they would need
00:41:58
a new act of Congress. That was also
00:42:00
total nonsense. As Trump said in the
00:42:02
State of the Union, you didn't need a
00:42:04
new law. You just need a new president.
00:42:06
Look, if you want to go back 20 or 30
00:42:08
years, you can blame both parties. If
00:42:10
you want to talk about the last 8 years,
00:42:11
there's only one party to blame. One
00:42:14
party, the Democrats. And that is why
00:42:16
you look at the polling right now,
00:42:17
Democrats, their party all-time low. It
00:42:21
is, let's get the exact number, -49. 21%
00:42:24
approve of Democrats, 70% disapprove
00:42:27
because they know that Democrats cause
00:42:29
this problem and Democrats are the ones
00:42:31
denying. They're the ones basically
00:42:34
making excuses for the disorder and the
00:42:36
chaos right now. The only Democrat The
00:42:39
only Democrat who's actually talking
00:42:40
sense right now is the one with a head
00:42:42
injury, ironically, Federman. He's a
00:42:46
lone voice here. I want to pull up this
00:42:48
quote. Don't make
00:42:51
dude that's No, I mean it's amazing. No,
00:42:55
I mean it's it's kind of sad. But look,
00:42:56
I'm agreeing with Federman. Federman
00:42:58
says caveat that he hit his head.
00:43:01
I don't know what it is about Democrats.
00:43:04
I don't know what it is about Democrats.
00:43:05
It takes a head It takes a head injury
00:43:07
for them to talk sense. Okay. It's like
00:43:10
a Bullworth thing. Anyway, Federman
00:43:13
said, "My party loses the moral high
00:43:14
ground when we refuse to condemn setting
00:43:17
cars on fire, destroying buildings, and
00:43:19
assaulting law enforcement." He's
00:43:21
talking about January 6th. I unapolog
00:43:23
unapologetically stand for free speech,
00:43:25
peaceful demonstrations, immigration,
00:43:27
but this is not that. This is anarchy
00:43:29
and true chaos. So, kudos to Federman,
00:43:32
but he's the only Democrat out there.
00:43:33
He's a low voice condemning the
00:43:35
violence. And Tucker's our guest. We're
00:43:37
going to give Tucker the last word on
00:43:39
this topic before we go on to the next
00:43:41
one. And you are 100% correct. Biden 10
00:43:44
million net im immigrants and Trump 3
00:43:46
million which sounds like a lot but is
00:43:48
actually the lowest in like 10
00:43:49
administrations. The lowest since
00:43:50
Reagan. Tucker, you're our guest. Wrap
00:43:53
us up here. What should we think?
00:43:56
I think that we should measure the
00:43:59
health of a country at least in part by
00:44:00
the condition of its cities, including
00:44:02
the cleanliness of its cities.
00:44:05
And by that measure, our country is
00:44:07
collapsing. Our our cities are a
00:44:09
disaster. and the the richest part of
00:44:12
the richest cities are fine and the rest
00:44:14
of them are just absolutely awful. And
00:44:17
so I think that has got to be just job
00:44:19
one. If you want to renew the United
00:44:21
States, you have to make sure its
00:44:22
population centers are clean, safe,
00:44:25
orderly, but especially clean. There's
00:44:27
something really important and I know
00:44:29
that the left just instinctively
00:44:30
discounts that, but cleanliness is next
00:44:32
to godliness. And your city is a
00:44:35
reflection of your self-respect, how you
00:44:37
feel about your nation, your patriotism.
00:44:39
And if you allow it to become like Paris
00:44:42
or New York, covered in graffiti and
00:44:44
filth and random people from other
00:44:46
countries selling fruit on the street
00:44:48
and begging and having sex in ATM
00:44:51
vestibules and just like the whole
00:44:52
Midtown Manhattan, Central Paris
00:44:55
experience, like that's a sign your
00:44:57
civilization is going under. I think
00:44:59
it's really really important and I do
00:45:01
think you know that decay is not
00:45:03
entirely caused by mass immigration but
00:45:05
mass immigration has made it much worse
00:45:07
and I just know that from walking around
00:45:09
cuz I like to walk around cities. I
00:45:11
think it's a national emergency and the
00:45:13
riots are just the most fluid expression
00:45:15
of that. You know a burning car is
00:45:17
something you can't ignore but we do
00:45:19
ignore the condition of 6th Avenue at
00:45:21
49th Street. like how can a self or the
00:45:24
condition of Penn Station or you know of
00:45:26
our airports like how can we allow that?
00:45:29
Um so if I were in charge I mean I would
00:45:32
make you go to Dubai or Doha or Moscow
00:45:36
or some place that has a sense of itself
00:45:38
when we got soba in Tokyo remember two
00:45:40
years ago and we were talking about this
00:45:42
exact issue it just well but it's true I
00:45:45
mean Tokyo is the most radicalizing
00:45:48
experience for an American. Everyone who
00:45:50
goes there is like I can't even deal
00:45:51
with this. I'm so angry that we've put
00:45:53
up with what we're putting up with. I
00:45:54
had to talk it in. You did. Let's not
00:45:57
overthink it, I guess, is what I'm
00:45:59
saying. It's not even about the
00:46:00
Constitution. It's about litter. Yeah.
00:46:02
Okay. Tucker gets the last word on that.
00:46:04
And now David Saxs gets to take his
00:46:06
incredible victory lap. Economic data
00:46:09
has been objectively pretty great the
00:46:11
last two weeks. Tariff revenue spiked 23
00:46:15
billion in May, 2x from February. So
00:46:17
there we go. we see the impact of a
00:46:19
little bit of extra income. Inflation
00:46:22
continues to come down and uh what are
00:46:25
we at? 2.4%.
00:46:28
Across the board, there's some pluses
00:46:30
and minuses in there. We'll get into it
00:46:31
later. GDP. Okay, this is the leading
00:46:35
GDP prediction model from the Atlanta
00:46:37
Fed. Could be as high as 3.8%. Again,
00:46:40
this is a prediction for Q2. Q2 is
00:46:42
obviously not over, but this would be a
00:46:44
pretty big jump over Q1. Despite all
00:46:46
this positive data, the deficit remains
00:46:48
the sticky issue. Some of our friends
00:46:51
might have some issue with this and been
00:46:54
vocal about it. In May, the US had 371
00:46:58
billion in revenue with 687 billion in
00:47:01
spend. Not good. Big high burn rate,
00:47:03
$316 billion deficit. We paid $90
00:47:07
billion in May in interest on the debt
00:47:11
almost up to a hundred billion a month.
00:47:14
And uh there's a nice key chart uh which
00:47:17
we all like. We could double click on
00:47:18
that if anybody finds something
00:47:19
interesting in here. Here's your deficit
00:47:21
tracker. What I'll highlight here for
00:47:23
you is those first two lines 2020 and
00:47:25
2021. You got to kind of give a mulligan
00:47:27
there for the COVID years and uh purple
00:47:31
2025. We are a bit ahead of the last
00:47:34
couple of years. We're 13 our spending
00:47:37
now and you know obviously the debt
00:47:39
service is a big part of this. 13% above
00:47:41
2024, 20% above 2023 and 65% above 2022.
00:47:47
The balance sheet of the United States
00:47:50
is really bad right now. Sachs, I'm
00:47:53
going to start with you. This obviously
00:47:54
has been an emotional issue and uh oh,
00:47:57
apology. I just noticed forgot to hit
00:48:00
publish on last week's episode, but
00:48:02
let's let that go. Uh it won't happen
00:48:05
again. Sachs, what are your thoughts
00:48:07
here? Well, I mean, you'll recall that
00:48:10
back in early April, Jim Kramer
00:48:12
predicted we'd see a Black Monday in
00:48:15
response to Trump's tariffs. And that's
00:48:16
all the proof that we should have known
00:48:18
that we were about to get a bunch of
00:48:20
good economic news. Uh and it wasn't it
00:48:22
wasn't just Jim Kramer. I mean, Larry
00:48:24
Summers was on our pod with that big
00:48:26
debate that we did and he was predicting
00:48:28
doom. And what we're seeing now is good
00:48:30
economic news is breaking out all over.
00:48:32
So Q2 GDP on track for 3.8% according to
00:48:35
the Atlanta Fed. The May jobs report was
00:48:38
above expected plus 139,000. CPI, you
00:48:41
know, inflation down to 2.4%.
00:48:44
So growth is back. Inflation is low. And
00:48:47
what you saw over the last few months
00:48:49
was the elites in both parties, I'll
00:48:52
give you that, have they were
00:48:53
scaremongering on tariffs and predicting
00:48:54
doom and they've been proven to be out
00:48:56
of touch with popular sentiment and
00:48:58
reality. I mean, you don't want to spike
00:49:00
the football too soon, but things look
00:49:01
really good right now. Yeah. And I mean,
00:49:03
in fairness, when the Trump shock and
00:49:06
awe with the tariffs, he came out pretty
00:49:08
strongly, Zach, you will admit, and the
00:49:10
market did tank massively for about 30
00:49:14
days. Tucker, what's your take on the
00:49:15
economy today? This debt, does it
00:49:18
concern you? And I'm wondering what
00:49:21
because there seems to be a little bit
00:49:22
of a rift inside of the Republican party
00:49:24
on the BBB, not bill back better, but
00:49:28
the big beautiful bill. What's Tucker
00:49:30
Carlson's take? I'm curious, on out of
00:49:32
control spending, the deficit, and this
00:49:35
bill in relation to that. Well, I mean,
00:49:38
I have the world's most predictable
00:49:40
views. I believe in physics. So, you
00:49:42
know, an unpayable debt tanks your
00:49:44
country at a certain point. That was
00:49:46
pre-existing. It's accelerated as you
00:49:48
noted. I I don't know a single person
00:49:51
who's got a any kind of plan to fix it.
00:49:53
I think we're just going to ride it into
00:49:55
whatever the point of oblivion is. But I
00:49:58
would just say on tariffs, you know, my
00:50:00
you've got the reverse Kramer. David was
00:50:02
saying that's his measure of economic
00:50:05
forecasting. For me, it's the Wall
00:50:06
Street Journal editorial page. Whatever
00:50:08
they're for is poison. um generally
00:50:10
speaking and anything that drives them
00:50:12
insane is a virtue. And I just can't
00:50:16
imagine a policy more perfectly designed
00:50:20
to just make them like explode than uh
00:50:23
Trump's tariff announcement. And I and I
00:50:25
have to say, I mean, I've been kind of
00:50:27
pretty conventional Republican my entire
00:50:29
life. I remember when I decided the Iraq
00:50:31
war was a bad idea. That felt like an
00:50:34
outlaw, you know, idea.
00:50:37
What What led you to got Uh well, I went
00:50:41
to Iraq um in December of 2003 to see
00:50:44
where a friend of mine had been killed
00:50:46
and um so I was there right after the
00:50:48
invasion and I just immediately
00:50:49
recognized this is not we're we're not a
00:50:51
good colonial power because we won't
00:50:53
admit that we are. We won't admit that
00:50:54
we have an empire, therefore we can't
00:50:56
admin administer it in a rational way.
00:50:58
Um just the obvious stuff. But anyway,
00:51:00
the point is the last remaining kind of
00:51:03
unexamined orthodoxy in my head was free
00:51:05
trade. And I happened to be just by
00:51:07
chance at the White House the day of
00:51:08
that announcement. And I remember
00:51:10
thinking, man, if this works, what a
00:51:12
caper, you know? I mean, I don't know.
00:51:15
Worst case scenario in your mind of, you
00:51:18
know, this tariff negotiation.
00:51:20
Obviously, there have been multiple
00:51:22
rounds of it. I'm not gonna use the term
00:51:24
taco, but it does seem like we've
00:51:27
shifted from shock and awe to maybe like
00:51:31
kind of bore. It's kind of boring like
00:51:33
and and that does seem to be Trump's
00:51:34
approach, right? He in negotiations big
00:51:37
bang and then fall back to a reasonable
00:51:39
position. So, I think we're in the
00:51:41
reasonable position phase. What does
00:51:43
success willing? I I hope I pray that's
00:51:47
what we're seeing on Iran right now. Um
00:51:48
but you're absolutely right. I mean,
00:51:49
that's sort of the nature of
00:51:50
negotiations, of course. Um, and there
00:51:54
is nothing in writing with China, so far
00:51:55
as I know, and it'll be reassuring, I
00:51:58
think, when there is. Um, but in
00:52:00
general, we haven't seen what Jim Kramer
00:52:03
and Larry Summers predicted, and that
00:52:04
itself is amazing. It's amazing and it
00:52:07
it causes you someone like me is sort of
00:52:09
on the sidelines of the economic debate,
00:52:11
but watching carefully, it does make you
00:52:13
sort of wonder like what other absurd
00:52:16
midcentury orthodoxies about economics
00:52:19
have I internalized that just aren't
00:52:20
true, right? Cuz that was the biggest of
00:52:23
all. Tariffs are, you know, they caused
00:52:24
the Great Depression. We know that. And
00:52:27
and so what if like you can have a kind
00:52:29
of mixed approach with some trade
00:52:31
barriers that are tailored to your
00:52:33
benefit and that sort of works in a
00:52:35
longitudinal way. If that's true, holy
00:52:38
smokes. And it looks like it might be
00:52:39
true. So it's been true for the other
00:52:41
side, right? They have been doing that.
00:52:44
So if it's for China and South Korea and
00:52:47
Australia, why wouldn't it be true for
00:52:49
us? It seems like we're the sucker at
00:52:50
the poker table. Well, I think you're
00:52:52
right. I guess what I'm all I'm saying
00:52:53
I'm making a pretty pedestrian point,
00:52:55
but I can't get past it, which is this
00:52:57
is so far from what the Republican party
00:53:00
stood for 10 years ago, which was
00:53:04
neoconservative foreign policy, free
00:53:06
trade, um open borders, as as you noted,
00:53:09
maybe a little more than 10 years ago,
00:53:11
but 15 years ago. Um this is this is the
00:53:13
mirror image of it, and it just blows my
00:53:16
mind. And it's it's such a better
00:53:17
version. It's such a more reality based,
00:53:19
flexible, thoughtful uh version than we
00:53:23
had before. And I'm just really and most
00:53:24
Republicans in the Senate are not even
00:53:26
aware this is happening. They are the
00:53:28
most recalcitrant people in the world.
00:53:30
Also the dumbest. So most of them, you
00:53:32
know, don't accept any of this. But just
00:53:34
as an observer, I'm thrilled to see it.
00:53:37
All right, Chimath. Uh actually, can I
00:53:39
get Can I um Oh, yeah, sure. No, no, no.
00:53:42
I mean, I know you like to go right
00:53:43
after Tucker. It's very engaging. Oh no.
00:53:45
You got me thinking about these. Um,
00:53:47
this is his dream. When you're on, he
00:53:49
cannot in the group chat. He's so
00:53:50
excited. Tucker, when you're coming on,
00:53:52
it's 48 hours of Sax being like, "When
00:53:55
does when is the pod coming? Is Tucker
00:53:57
really coming?" That's how I feel about
00:53:59
David Saxs. Trust me, if you if you had
00:54:01
a camera at my dinner table, you would
00:54:03
hear something similar. Oh, boy. Here we
00:54:05
go. Go ahead, Sax. It's uh it's great to
00:54:07
have someone to the right of me on the
00:54:08
podcast for once. You know, it's not an
00:54:11
easy task. I we invited Alex Jones and
00:54:14
Steve Aman to have him respond.
00:54:18
Tucker got me thinking about these
00:54:19
unexamined orthodoxies. And that is a
00:54:22
good way of putting it. I mean, you
00:54:23
know, cuz I studied economics in college
00:54:25
and you know, I learned that the Smoot
00:54:26
Holly tariff caused the Great
00:54:28
Depression. And it's like in hindsight,
00:54:29
you're like, how can that even be true?
00:54:31
Like a tariff is basically a tax rate on
00:54:33
foreign goods. And you're saying that,
00:54:35
you know, increasing taxes on foreign
00:54:36
goods all of a sudden cause a great
00:54:38
depression. It doesn't make any sense
00:54:40
when you actually like just think about
00:54:42
it. Now, what caused Great Depression?
00:54:44
Well, I would say when thousands of
00:54:46
banks went under and there's no FDIC and
00:54:48
everyone just got wiped out by that and
00:54:50
it's a systemic risk. So, like one bank
00:54:52
failure leads to the next one. That's so
00:54:54
obviously what caused the Great
00:54:55
Depression is nobody had any money left.
00:54:58
They all got wiped out when all the
00:55:00
banks went under at the same time.
00:55:03
Right. Well, and then what how do we
00:55:04
take a something that happened in the
00:55:06
20s and 30s and apply it to a much more
00:55:08
dynamic world like today? It doesn't
00:55:10
make much sense. Well, I think what
00:55:12
happened is we had all these post-war
00:55:14
meaning postw World War II
00:55:15
understandings that kind of got
00:55:17
hardwired into the consciousness of our
00:55:21
intellectuals. And if you think about
00:55:24
the the era right after World War II,
00:55:26
the US was like the last great power
00:55:28
standing. Um it was us and the Soviet
00:55:30
Union, but they kind of were had a
00:55:31
different system. they were not part of
00:55:33
the um let's say the the free world.
00:55:36
They're part of this communist block. So
00:55:38
with in in terms of the the quote
00:55:39
unquote free world, we were the only
00:55:42
country that was relatively undamaged
00:55:44
and we had this giant manufacturing
00:55:46
base. And so yeah, obviously that the
00:55:48
the fewer trade barriers existed across
00:55:51
the world, the better it was for the
00:55:52
United States because it was our goods
00:55:54
and our factories that basically were
00:55:56
able to sell all over the world. And so
00:55:57
we proceeded to define a world order in
00:56:00
which we just kicked down every single
00:56:02
barrier to free trade because that's
00:56:04
what benefited us. Now, I don't know
00:56:07
that that means that that situation
00:56:09
always benefits us in all times and all
00:56:12
places. I mean, the big issue we have
00:56:14
right now is that you've got a rising
00:56:16
China and they have become the scale
00:56:18
producer in the world for all sorts of
00:56:20
goods. They now have this giant
00:56:22
industrial base that we seem to have
00:56:24
exported to them. And again, it was and
00:56:26
we exported a lot of that because of
00:56:29
this um free trade ideology that got so
00:56:32
entrenched in our thinking that we just
00:56:35
stopped thinking about under what
00:56:36
circumstances this might not continue to
00:56:38
be good for us. And so we've ended up
00:56:41
becoming dependent on them for all sorts
00:56:42
of goods that we now realize are highly
00:56:44
strategic. And we're trying to figure
00:56:46
out well how do we onshore these things
00:56:48
because it seems really dangerous now
00:56:50
for us to be singlethreaded on you know
00:56:53
on potentially adversarial power for
00:56:56
rare earth or you know rare earth
00:56:58
magnets and chips and pharmaceuticals
00:57:01
and all these things but you know our
00:57:03
intellectual class just never seems to
00:57:05
revisit any of its assumptions they just
00:57:07
kind of have these dogmas chimoth
00:57:11
building on Sax's sort of cottification
00:57:14
of truths heristics and not getting
00:57:17
questioned how much of it is we just
00:57:19
codify hey trade good you know open
00:57:22
borders good free trade good and how
00:57:25
much of it is just incentives like I
00:57:26
mean rich people paying off politicians
00:57:28
to have more free trade independent of
00:57:31
party seems to be what's happened over
00:57:32
the last 10 20 years it just made more
00:57:35
sense to put workers and to send jobs to
00:57:38
the lowest cost place to increase
00:57:39
profits for American companies which
00:57:42
let's face it although it may have
00:57:44
hollowed out our manufacturing and
00:57:45
created this weakness in the four or
00:57:47
five areas you point out every week that
00:57:49
we need to reinforce quite eloquently
00:57:51
the real issue is we did that because we
00:57:54
wanted to make money. We wanted to have
00:57:56
the most highly profitable companies and
00:57:57
we did succeed. But maybe we succeeded
00:57:59
too much and our companies benefited
00:58:02
more than the middle class. You got Josh
00:58:04
Holly out there saying, "Hey, we should
00:58:05
go to $15 minimum wage federally from
00:58:08
this." The wrong the wrong people won in
00:58:12
the early in the early 2000s. I think
00:58:14
that there was a war of ideas and there
00:58:17
was a group of people that advocated for
00:58:20
this reckless form of free trade and
00:58:23
this globalist view like every country
00:58:26
is going to meld into one mega monolith
00:58:28
country organization that'll get
00:58:30
governed out of New York by the United
00:58:33
Nations and its sleeve organizations.
00:58:36
And that worldview won. But it was the
00:58:40
wrong worldview.
00:58:42
And it didn't acknowledge that we have
00:58:44
competing philosophies, competing
00:58:47
priorities, competing ideals of what the
00:58:49
future looks like. And I think that we
00:58:53
need to go back and reset all of those
00:58:55
things. If you just take where we are,
00:58:58
if you can just put the Sanki diagram
00:59:00
back up, there's a couple things that
00:59:01
are really worth noting that people need
00:59:03
to fundamentally understand. I said a
00:59:06
couple weeks ago that I thought the GDP
00:59:08
print was going to come in hot. I think
00:59:10
everybody now is sort of where I am. So,
00:59:14
let me give you the next thing. Let me
00:59:16
just ask you though, why is it hot? Do
00:59:17
you have a thesis on why GDP spikes so
00:59:20
much or potentially did that's obviously
00:59:22
a forecast.
00:59:25
I don't know the puts and takes yet. And
00:59:26
I think when we see the print, we have I
00:59:29
have a way of forecasting this stuff,
00:59:30
which is a bunch of signals that my team
00:59:33
and also many macro teams all around the
00:59:37
world, the bond vigilantes to the hedge
00:59:39
fund guys, they all feed it to me. And
00:59:42
what I was noticing was that we were
00:59:45
going to come in, I said in the low 3s.
00:59:49
And I think, you know, if Atlanta Fed is
00:59:50
right, I don't think they are, but I
00:59:52
think it's going to be in the low to
00:59:53
mid-3s. is going to be meaningfully
00:59:55
greater than what people are expecting.
00:59:57
So let me just give you my next
00:59:58
prediction. My next prediction are two
01:00:01
really important things. What this Sanki
01:00:03
diagram looks at which is a snapshot of
01:00:06
the balance sheet and the health of the
01:00:07
United States in May misses in my
01:00:11
opinion two very important things that
01:00:14
have to change.
01:00:16
The first and this is a positive for the
01:00:20
Trump administration and the United
01:00:21
States economy is we are run rating 300
01:00:26
to400 billion dollar above forecast
01:00:30
in terms of our receipts meaning the
01:00:33
revenues that we will take in and you
01:00:36
get to that number by looking at the
01:00:38
last three months of tariffs and
01:00:40
forecasting forward assuming a
01:00:42
reasonable balance here. So, back to
01:00:44
Tucker's point. Yeah, we all thought
01:00:47
that this was like a boogeyman that you
01:00:49
weren't allowed to touch it and that if
01:00:51
you touched the stove, you were going to
01:00:52
get burned.
01:00:54
The mathematical reality is that this is
01:00:56
actually going to work out much better
01:00:59
for us than we anticipated and it's
01:01:00
going to be somewhere in the range of
01:01:02
300 to 400 billion of extra revenue per
01:01:05
year. That's a huge win.
01:01:08
So, why is that important?
01:01:11
That then sets up this next cataclysmic
01:01:13
thing that we're going to see over the
01:01:15
next 60 days, which is what does Jerome
01:01:18
Powell do?
01:01:21
If Jerome Powell stays politicized,
01:01:26
his incentive will be to keep interest
01:01:28
rates where they are.
01:01:30
If Jerome Powell looks at the conditions
01:01:33
on the ground, especially when you start
01:01:36
to see inflation stay in the low twos
01:01:39
and approach 2.0,
01:01:42
The real thing that he's going to be
01:01:43
under tremendous pressure to justify is
01:01:46
why are you not cutting?
01:01:48
And just to give you a sense of how
01:01:50
important that is, if we cut by 100
01:01:52
basis points, that's another $300
01:01:54
billion. Now, in that case, that's not
01:01:57
money that we get in, but it's money we
01:02:00
don't have to spend.
01:02:02
So if you add these two things together,
01:02:04
we are in the next 60 days going to have
01:02:07
to reforcast the American balance sheet
01:02:10
where this is or we're actually going to
01:02:14
be able to positively forecast an extra
01:02:16
600 billion. 300 billion of incremental
01:02:18
revenue and 300 billion of savings.
01:02:22
Jason, if that happens, watch out. What
01:02:25
does that mean? Watch out. It means that
01:02:27
every single risk dollar is going to run
01:02:30
to America. Every single one. Yum. Yum.
01:02:33
Forget Japan. Forget Europe. There is no
01:02:36
place to put your money except the
01:02:39
United States. So, I think that we have
01:02:41
to figure out
01:02:44
how to get Jerome Powell on the side of
01:02:46
America versus on the side of what could
01:02:48
happen
01:02:50
politically. Because I think that
01:02:51
there's probably a version in his head
01:02:53
that says, "My gosh, if I do this, it
01:02:55
helps Trump
01:02:57
and if I don't do it, it hurts Trump."
01:03:00
Practically that is true. But the
01:03:01
reality is the conditions on the ground
01:03:03
justify cutting. Okay. So you're
01:03:05
predicting this 300 billion two
01:03:08
different ways in and out 50 billion a
01:03:10
month. It starts cutting this deficit
01:03:12
pretty significantly. your claim, I just
01:03:16
want to be clear here, is that Powell is
01:03:18
playing politics, not working towards
01:03:22
the dual mandate, which is very clear,
01:03:25
controlled unemployment at the 2.0 rate
01:03:28
and full employment. Your belief is that
01:03:30
he's playing politics. Yes. I I believe
01:03:32
that these decisions are political. I
01:03:34
think that the Federal Reserve has
01:03:36
veered away from actually controlling
01:03:40
the money supply in the best long-term
01:03:42
interests of the United States and more
01:03:44
towards what benefits the short-term.
01:03:47
And this ties back to how I started
01:03:49
this. What is Powell's motivation?
01:03:51
Somewhere in the 2000s, Jason, we
01:03:54
transitioned away from having the
01:03:56
strategic 20-year conversation about
01:03:58
what's in the best interest of America.
01:04:00
And instead, we started to have these
01:04:02
uniolar globalist conversations. And the
01:04:05
people that got into these centers of
01:04:08
power, the IMF, the World Bank, the
01:04:10
Federal Reserve, the central banks
01:04:12
around the world, they all worked
01:04:14
towards an agenda that is now being
01:04:15
undone. I'll give you an example of
01:04:17
where this is now being undone. Just
01:04:19
today,
01:04:21
the World Bank undid a rule around being
01:04:24
able to fund nuclear energy. And you
01:04:26
would have thought, well, hold on a
01:04:28
second. The World Bank steps in to backs
01:04:30
stop all these developing countries when
01:04:31
they're in the middle of all this
01:04:32
nonsense, right? And if you think about
01:04:34
a country that's developing, what is the
01:04:36
single biggest input to that country?
01:04:38
Energy.
01:04:39
And you think for the last 40 years of
01:04:43
multi- trillion dollar bailouts, we
01:04:45
never demanded abundant clean energy in
01:04:47
the developing world. Of course not
01:04:49
because it was a political decision.
01:04:50
Okay, Tucker, do you believe the Fed is
01:04:53
playing politics here? It's kind of hard
01:04:55
to believe if Pal was placed by Trump
01:04:56
and Biden. He's there was consensus
01:04:59
there and his mandate is to get to 2.0
01:05:01
and full employment. He's kind of
01:05:03
trending towards that. He's made a
01:05:04
couple of cuts. The markets predict he
01:05:06
is going to make a cut. Here's poly
01:05:08
market for September showing 80% chance
01:05:10
of a cut. Let's take a look if that's
01:05:12
changed since the last time. Uh so in
01:05:14
September, no. Okay. Well, this has
01:05:16
changed. Uh 32. All right. So here's
01:05:19
your poly market fed decision in
01:05:20
September. No change. 53% 25 bips 43 50
01:05:24
bips 3.8. So you put those two together,
01:05:27
you're you're roughly at 47% chance of a
01:05:30
cut. 53% chance of no cut. So 50/50 coin
01:05:34
toss. Do you think the Fed is playing
01:05:36
politics? Do I think the Fed chairman
01:05:38
who who lives in who lives in Chevy
01:05:41
Chase is a political actor? I mean, are
01:05:44
you serious? What's his motivation then?
01:05:46
What's his endgame? Why does he not want
01:05:48
to cut rates or or why would he not want
01:05:52
to put it? Well, of course. I mean, he
01:05:55
lives in a world in which there is no
01:05:57
one who doesn't want to stick it to
01:05:58
Trump. I mean, I know the zip code that
01:06:00
he lives in very very well. Um, I know
01:06:02
the club that he goes to. I know the
01:06:04
world. No, no, I would. Of course not.
01:06:06
And I'm not mad at him. I'm just saying
01:06:07
I I I know the world well. And um of
01:06:11
course no uh no one in that world wants
01:06:13
to be seen uh helping Trump and Trump
01:06:15
has attacked him by the way in public.
01:06:17
So I don't think that helps either. I
01:06:19
think the structure of the Fed
01:06:22
governance is very weird. I think um I
01:06:25
I'm not exactly sure what the Fed is.
01:06:27
I've asked this question to a lot of
01:06:29
economists including Larry Summers.
01:06:30
Never really gotten a straight answer.
01:06:31
Like how is it that um this is beyond
01:06:35
political control? I mean, I don't know
01:06:37
if we're for democracy, shouldn't voters
01:06:39
have some say in how this is
01:06:41
administered? But they don't. I mean,
01:06:43
there's no direct mechanism for voters
01:06:45
to be heard um in this the single most
01:06:48
important institution in the American
01:06:49
economy. How does that which is a crypto
01:06:50
government organization? It's, you know,
01:06:52
administering US dollars. I don't I just
01:06:54
don't understand it. I think it's very
01:06:56
the idea that you're going to
01:06:57
depoliticize it by making its leadership
01:07:00
immune from the control of elected
01:07:02
officials strikes me as the kind of like
01:07:04
midcentury dumbness that got us NATO and
01:07:06
a lot of other bad institutions. I just
01:07:09
don't get it. The exact opposation
01:07:16
of the Fed be here I've asked this two
01:07:19
times. Can't seem to get an answer. What
01:07:20
what's the motivation of the Fed? Just
01:07:21
is it to stick it to Trump? Jason Jason
01:07:23
let me well let me give you another data
01:07:25
point. Okay now let's assume let's just
01:07:27
scenario play. Yes please. What happens
01:07:30
if Powell rips in a 100 basis point cut
01:07:32
right now? I'll tell you. So one part
01:07:34
which is mathematical is the interest on
01:07:36
the debt goes down. We save 300 billion.
01:07:39
But there's something else that happens
01:07:41
which is the Fed does control the front
01:07:44
end of the curve. Meaning, how do people
01:07:48
borrow money for small amounts of time
01:07:50
from one day to about two years? If you
01:07:53
make that cheaper, we know is it's a
01:07:56
test as true as time, what happens is
01:07:58
people borrow more money. That fuels
01:08:01
more growth. That will end up in GDP.
01:08:04
So, what actually happens if you cut
01:08:06
rates 100 basis points is not just the
01:08:08
300, but you can get this reflexive
01:08:10
positivity in the economy. What that
01:08:13
allows you to do is even if that causes
01:08:16
a little bit more inflation, you're
01:08:18
actually growing yourself out of this
01:08:20
whole thing. So then you ask yourself,
01:08:23
well, hold on a second. If the numerical
01:08:25
justification is there to lower rates
01:08:29
and it has all of these other positive
01:08:31
externalities for the United States
01:08:33
economy, why don't I do it? The only
01:08:36
answer is political.
01:08:38
I I wonder if Hold on. Let me just let
01:08:40
me let me teach you. Um, okay. So, we're
01:08:43
at 2.6% on uh inflation. He wants to get
01:08:47
it down to two. Feels like we're in
01:08:48
striking distance. Maybe you could maybe
01:08:50
give us a theory here, Sachs, of what
01:08:52
would the political motivation be? I
01:08:54
find it hard to believe that he's trying
01:08:56
to sink Trump for some reason as opposed
01:08:58
to maybe just being scared of inflation
01:09:00
popping up above that 3x handle, which
01:09:03
then triggers them to, you know, raise
01:09:06
rates. So, what's what's your theory
01:09:07
here? If you're pal, it's better to take
01:09:10
the risk of being Paul Vulkar than
01:09:12
Arthur Burns. I mean, that's that's
01:09:14
basically what it comes down to. For
01:09:16
people who don't Well, because what
01:09:18
happened is Arthur Burns let inflation
01:09:19
slip the leash in the 1970s and he's
01:09:22
remembered as a horrible Fed chair. And
01:09:24
then Paul Vulker came in and jacked up
01:09:26
rates to like I think close to 20%. And
01:09:29
caused a vicious recession in 1982. But
01:09:33
by 1983, the economy had bounced back
01:09:36
and inflation basically was under
01:09:39
control. And then the rate cutting cycle
01:09:41
started. And that rate cutting cycle
01:09:42
went for like 25 years. And then Reagan
01:09:45
got reelected in 1984. So you you know,
01:09:48
you rather be a vulker than than a Burns
01:09:51
if you're a Fed chair. Now you raised
01:09:53
the question, is pal political? Yeah, of
01:09:55
course he is. If you go back to uh was
01:09:58
it 2021? So, the first summer of Biden's
01:10:01
presidency, we got that shock 5.1%
01:10:06
inflation print of in May of 2021, if my
01:10:09
memory is correct. What did the Biden
01:10:11
administration do? They sent Janet
01:10:13
Yellan out to say it was transitory and
01:10:16
Pal got on board with the whole
01:10:17
transitory narrative. Exactly. And as a
01:10:19
result of that, he did not raise rates
01:10:22
for six months. And worse than that,
01:10:24
they continued QE. I think they bought
01:10:26
like 180 billion of bonds in that time
01:10:29
period and that's what allowed inflation
01:10:31
to get so out of control. Now, why is it
01:10:33
that Pal did that because he wanted to
01:10:37
get reconfirmed and yes, he was
01:10:40
nominated by Trump originally, but Biden
01:10:42
renominated him and he basically wanted
01:10:45
the reappointment by Biden. and he
01:10:46
wanted to get confirmed and then the
01:10:48
month after he got confirmed all of a
01:10:50
sudden he shifted gears and started
01:10:52
raising rates again once he was safely
01:10:54
in Wisconsin's office. So he did the
01:10:57
right thing in terms of raising rates in
01:10:58
the face of inflation once he was free
01:11:02
from those political incentives but for
01:11:05
6 months he was intensely political and
01:11:08
that cost the United States dearly I
01:11:09
think dearly dearly. So now if you're a
01:11:12
pal, you've got PTSD from that whole
01:11:15
experience and you're going to heir on
01:11:17
the side of not letting inflation come
01:11:20
back. I think what with inflation down
01:11:22
to 2.4%.
01:11:24
I think it is time to cut rates, but
01:11:27
he's fearful because again his
01:11:29
incentives are to be a Vulker, not a
01:11:31
Burns. Yeah. And uh you want to read a
01:11:34
good book? Paul Vulker is keeping at it.
01:11:36
great uh book about has uh Reagan going
01:11:39
to him and trying to get him to cut
01:11:41
rates. So, this is a reoccurring story
01:11:43
just on but you know if if he had done
01:11:44
the right thing in the summer of 2021 we
01:11:46
would never would have had that bubble
01:11:47
at the end of 2021. Yeah. Remember and
01:11:50
that that basically created a huge crash
01:11:54
in 2022 and we could have avoided a good
01:11:57
part of that if he had done the right
01:11:59
thing. You know like the Fed chair it's
01:12:02
not a hard job most of the time. I mean,
01:12:04
these guys sit in their ivory tower and
01:12:06
then once a quarter they come out and do
01:12:08
this, you know, and basically testify
01:12:10
and say a bunch of, you know, things
01:12:12
that no one can understand, but like
01:12:14
once in a while you got to get the
01:12:16
decision right. And he totally screwed
01:12:18
it up in that one time where he had to
01:12:19
get it right. Yep. And I would say this
01:12:22
could be one of those moments too where
01:12:23
I think he's being a little bit fearful.
01:12:25
I think that there's a simpler
01:12:26
explanation quite honestly. Like if you
01:12:28
look at Powell's history, he was he was
01:12:30
nominated as a governor by Obama. Then
01:12:33
Trump picked him out of the Fed to be
01:12:35
chair, but then he was reappointed by
01:12:36
Biden. If you look at the vice chair of
01:12:38
the Fed, Phil Jefferson, he was
01:12:40
appointed by Biden. If you look at
01:12:41
Michelle Bowman, who's the vice chair
01:12:43
for supervision, she was appointed by
01:12:44
Trump. Michael Bar appointed by Biden.
01:12:47
Lisa Cook appointed by Biden. Adriana
01:12:49
Kuger appointed by Biden.
01:12:52
Chris Waller appointed by Trump. So I
01:12:54
think the point is that there is a
01:12:55
balance of power here. If you look at
01:12:57
political affiliations that tend to
01:12:59
favor a
01:13:02
democratic
01:13:05
view of the political landscape and
01:13:07
let's be honest, what benefits the
01:13:09
Democrats more, a thriving economy and a
01:13:12
shrinking deficit going into the
01:13:14
midterms or the exact opposite? The
01:13:17
reason I'm bringing this up and I'm just
01:13:18
harping on it is he's a Republican who
01:13:20
Democrats have opposed. So I'm I'm just
01:13:22
trying to reconcile this grand
01:13:24
conspiracy that he wants to sing Trump.
01:13:26
I don't think it's Republican. I think
01:13:28
it's just a general decision. I think
01:13:30
these guys move the dot plots and you
01:13:32
can see it in the movement. Okay.
01:13:34
They're going away from reading the
01:13:37
actual data and moving in concert with
01:13:40
the data to giving themselves a window
01:13:43
to let the data play itself out beyond a
01:13:45
reasonable point. And my point is the
01:13:48
beyond the reasonable point is the key
01:13:49
part because when you talk to the large
01:13:51
sophisticated pools of money. Yeah. Many
01:13:54
of them are like what is going on here?
01:13:57
All right. Currently the big beautiful
01:13:59
bill is uh in the Senate pass the house
01:14:01
by a one vote margin. Trump said he
01:14:03
wants the Senate to pass the bill by
01:14:04
Independence Day July 4th. Uh Senate
01:14:08
math. Republicans have a 53 to 47
01:14:10
majority. As you know, they can afford
01:14:12
three nos on their side since Dems are
01:14:14
united against the bill. With 50 votes,
01:14:16
JD Vance can break the tie, obviously.
01:14:19
So, it's easier if they can get to 51.
01:14:21
Seven GOP senators are either no or
01:14:24
maybe no. Three likely nos, Rand Paul,
01:14:27
Ron Johnson, Rick Scott. Four maybe nos
01:14:30
over the Medicaid cuts. Uh Josh Holly,
01:14:33
Susan Collins, Marowski, Jim Justice. Uh
01:14:37
none of those senators have committed
01:14:38
either way. and Republicans are now
01:14:41
falling into three camps on BBB. Hard
01:14:43
yes, soft yes, no until it's fixed.
01:14:46
Obviously,
01:14:48
uh some friends of ours were a little
01:14:50
upset about the BBB and uh we had a
01:14:53
pretty chaotic week the last week. It
01:14:55
looks like the reconciliation is in.
01:14:57
Your take on the last week and the
01:14:59
reactions to the BBB and obviously Elon
01:15:02
and Trump's relationship. Tucker Coffin,
01:15:06
I hate the whole thing. This is not how
01:15:09
to legislate. I You shouldn't have a
01:15:11
bill this big. It's impossible to get
01:15:13
your mind around it. No one can read it.
01:15:15
No one understands it. It favors
01:15:18
professional staff over legislators.
01:15:21
It totally leaves the public out. It'll
01:15:24
be a decade before anyone understands
01:15:25
what it means. Um the lobbies love it.
01:15:29
It's just it's Washington at its
01:15:31
ugliest. Um not this specific bill,
01:15:33
though. It is an example of it, but just
01:15:36
this is just not the way to do it. And
01:15:38
it's not the way it has been done
01:15:39
throughout American history. I mean,
01:15:40
there's just no reason to aggregate it
01:15:42
all together like this. It becomes
01:15:44
totally unmanageable and totally
01:15:46
undemocratic.
01:15:48
So, you know, I mean, yeah. Well, it's
01:15:50
insane. It's totally insane. Do can I
01:15:53
mean, can can you tell me what's in it?
01:15:55
No. I mean, you know, like all of us
01:15:57
know like 11 things we've read on
01:15:59
Twitter or whatever, but like the truth
01:16:01
is even the professional staff that
01:16:03
wrote it couldn't if you had dinner with
01:16:05
them over 3 hours really give you a
01:16:07
comprehensive sense of what's in it. And
01:16:09
remember, when it passes, and I think it
01:16:11
likely will, um, you know, it's it's the
01:16:14
law. So, and that's by design in order
01:16:17
of course by design. Of course, it's by
01:16:20
design. It's just Well, I mean, look,
01:16:22
it's, you know, it's just it's just
01:16:24
overload. You can't I mean every single
01:16:26
part of this this is the economy of the
01:16:28
city that I've lived in my whole life.
01:16:31
Every single part of this is there by
01:16:33
design. It's been managed. It's been
01:16:35
thought through. It's been written
01:16:36
artfully. And by artfully I mean
01:16:38
deceptively.
01:16:40
So you can't understand its purpose or
01:16:42
its benefit. And literally it is years
01:16:45
before the ramifications become clear.
01:16:48
And again this is why we have
01:16:50
committees. you know, a committee
01:16:51
masters a subject and then theoretically
01:16:54
produces legislation that bears on that
01:16:56
subject with, you know, knowledge and
01:16:58
depth and hopefully wisdom. Um, the
01:17:01
Congress is not designed to pass
01:17:04
legislation in this way and we've
01:17:06
evolved to this and I guess I would um
01:17:10
encourage the White House to try and
01:17:12
blow that up. I think it'd be better for
01:17:14
everybody if uh you know legislation was
01:17:17
passed peacemeal as it always has been.
01:17:21
Um I think part of the problem is the
01:17:24
leadership in the Congress and nobody
01:17:26
wants to say it is just embarrassing.
01:17:27
It's just totally embarrassing. And I
01:17:30
would say the conference isn't united
01:17:31
either. I mean this is part of the
01:17:33
problem with Trump's agenda. Um, it's
01:17:36
the beauty of Trump's agenda in my
01:17:37
opinion, but it's, you know, it's so
01:17:39
different from what your average
01:17:41
65-year-old Republican was raised
01:17:43
believing. It's so different from what
01:17:45
Fox News is telling you. It's the mirror
01:17:47
image of what the Wall Street Journal
01:17:48
editorial page is telling you that there
01:17:50
just not that many members of the House
01:17:53
or the Senate who are truly on board
01:17:55
with Trump's message even now. And of
01:17:58
course, they cowtow to the man, but when
01:18:01
it really comes down to it, they hate
01:18:04
his stated agenda.
01:18:05
and state agenda. Unpack what do they
01:18:09
hate most? What do they hate most? It's
01:18:10
not even a close call. They hate his
01:18:12
foreign policy views. They hate his
01:18:13
foreign policy views because look, out
01:18:16
of 535 members of the House and Senate,
01:18:19
I would say 510 have given up on
01:18:22
improving the United States through
01:18:24
their jobs. Like they they know they
01:18:25
can't. It's like intractable. This is
01:18:27
their view. It's complex. It's boring.
01:18:29
It's difficult. And it's super hard to
01:18:31
solve. and the numbers in the House and
01:18:33
Senate make it practically impossible to
01:18:35
move the ball on whatever issue they
01:18:37
care about or were elected on. And so
01:18:38
they take all of that energy and they
01:18:41
apply it to making the rest of the world
01:18:43
better. Fighting for democracy or you
01:18:45
know the the the the grander the
01:18:47
description, the the less accountability
01:18:49
there is. You know, if we're just like
01:18:51
fighting for Churchill against Hitler,
01:18:53
like it's always a win because we don't
01:18:55
know any of the details. It's a simpler
01:18:57
Yeah, it's a simpler cause for them to
01:19:00
take on than looking at how do we
01:19:02
balance what would you like to see Trump
01:19:04
do, Tucker? What would Tucker Carlson
01:19:05
advise if you were in the White House,
01:19:08
which many people have requested that
01:19:10
you do that? If you were at the right
01:19:11
hand of the father, what would you tell
01:19:13
him to do?
01:19:15
Understand the politician brain, which
01:19:17
is reptilian by its nature. It responds
01:19:20
only to pain. Period. Only to pain. So,
01:19:23
if you want a politician to do your
01:19:26
bidding, it's a super simple
01:19:27
conversation. Do what I ask or I will
01:19:30
make sure you lose your job. And by the
01:19:31
way, Trump has the power to do that,
01:19:33
which is what Elon said on Twitter. Just
01:19:35
put it out there. No, but it's true. And
01:19:37
I do think if there's, you know, a
01:19:40
number of criticisms of any living
01:19:41
person, but one I would level at Trump
01:19:43
is he is he's nice. Like he likes to get
01:19:45
along with people. He actually doesn't
01:19:46
like to fight in person. That is true.
01:19:48
He likes to get along with people. No
01:19:50
one will believe that, but I've seen it
01:19:51
a lot.
01:19:52
And I think it's tough for him to say,
01:19:55
it's easy for him to, you know, go after
01:19:59
a reptile like Mitch McConnell like at a
01:20:01
press conference. You'll make fun of
01:20:03
cocaine Mitch or whatever. But to really
01:20:05
go to McConnell and say, "Yeah, listen,
01:20:08
son. You know, this is going to hurt in
01:20:10
in the following six ways unless you
01:20:13
obey, you little bitch." Which is really
01:20:15
what he ought to be saying. No, I mean
01:20:16
it. I absolutely mean it. And be saying
01:20:18
that to all of these guys. Tom Cotton,
01:20:21
are you joking? How does Tom Cotton have
01:20:23
a say in anything? You know, and oh,
01:20:26
I'm, you know, you're that chairman of
01:20:27
the Intel Committee. I'm so impressed.
01:20:29
Listen, Tom Cotton, you represent a
01:20:31
state that likes me a lot more than you.
01:20:33
So, if I find you undermining me, yet
01:20:35
again, and Tom Cotton spends an awful
01:20:36
lot of time undermining Trump. Like, Tom
01:20:38
Cotton hates Trump, actually, of course.
01:20:40
Um, but if I find you doing that, I'm
01:20:42
going to take your Senate seat away, and
01:20:44
that's going to be really easy for me to
01:20:45
do. And I really wish he would do that.
01:20:47
It would only take one cycle to clear
01:20:49
out, you know, to really get some
01:20:50
discipline like the French in Algeria,
01:20:52
you know, for the encouragement of the
01:20:53
other. The first guy goes out of the
01:20:55
helicopter and then the second guy is
01:20:56
super talkative. If you did that in the
01:20:58
United States Senate, you would have a
01:21:01
much more coherent
01:21:03
um party, I think, like in about a
01:21:06
cycle. A little more leadership, a
01:21:07
little more stick than carrot. Uh, who
01:21:10
wants to go next? Jam or Sax? A lot more
01:21:12
stick. Okay, here we go. Tucker says
01:21:14
more stick. Sachs, what you're feeling?
01:21:17
Are we still talking about the big
01:21:18
beautiful bill? What are we talking
01:21:19
about? Yeah. I mean, well, I mean, we're
01:21:21
talking about it all. Everybody wants to
01:21:23
hear, you know, about our takes on the
01:21:25
kurfluffle between Elon and uh Trump,
01:21:28
obviously, in relation to BBB. So, let's
01:21:30
just tackle it or you can pass on it.
01:21:32
Yeah, let's we got to put it out here.
01:21:33
We're 40 We're an hour into the episode.
01:21:35
Let's just talk about it. Let me speak
01:21:37
to BBB for a second. So, so listen, if
01:21:40
the question is whether I can defend a
01:21:42
system that produces $2 trillion
01:21:44
deficits every year, no, I I can't I
01:21:46
can't even defend the Senate rules that
01:21:49
require you to get 60 votes for some
01:21:52
things and 50 votes for other things. I
01:21:53
mean, it's all just seems kind of random
01:21:55
when you're an outsider. But those
01:21:58
aren't the rules is they've got these
01:22:00
crazy bird rules and once a year you get
01:22:03
to do this reconciliation bill where it
01:22:05
only takes 50 votes instead of 60 votes
01:22:07
to pass something which means you can
01:22:10
actually get something done without the
01:22:12
Democrats which is a rare opportunity
01:22:15
and you know you just have to basically
01:22:17
come up with um a nexus to a budgetary
01:22:20
issue and so that's what the BBB has
01:22:23
done and as a result of of that
01:22:26
conduit it. I guess you could say that
01:22:28
it's a way for the president to ratify
01:22:32
many of his most important campaign
01:22:33
promises from the 2024 election. And so
01:22:37
you've got the tax cut extension in
01:22:39
here. You've got full funding of of
01:22:41
border security for four years. You've
01:22:42
got no tax on tips. You've got drill
01:22:44
baby drill. You've got the missile
01:22:46
defense shield. So these are campaign
01:22:48
promises that are important to the
01:22:49
president. It's kind of a once in
01:22:52
a-lifetime opportunity to pass these
01:22:54
things. I think that Republicans would
01:22:56
be committing political suicide if they
01:22:58
don't. I mean, the polling on this, I'll
01:23:00
give you some numbers. So, first of all,
01:23:01
the bill itself is popular despite all
01:23:04
the bashing of it. I think that popular
01:23:06
with who? Well, this is a national poll
01:23:09
by Signal,
01:23:11
which actually has a bias in favor of
01:23:13
Democrats by plus 2.1. So, this with the
01:23:16
public, it's who haven't read it. I
01:23:18
know, believe it or not. So, um, what
01:23:20
does that even mean? that support for a
01:23:22
big beautiful bill plus six increased
01:23:24
funding for border security plus 35
01:23:26
that'll probably be even more now that
01:23:28
what's going on in LA work requirements
01:23:30
for Medicaid and SNAP plus 38 so despite
01:23:34
the Democrats carping on that point
01:23:35
people really like the idea of of work
01:23:37
requirements and then permanently
01:23:39
extending the 2017 tax cuts support plus
01:23:42
19 so these are very popular planks of
01:23:46
the president's agenda it's the only
01:23:48
chance they're going to have to to pass
01:23:49
this Look, you know, I I said this three
01:23:52
weeks ago on the pod the last few
01:23:53
episodes that I don't support the bill
01:23:55
because it's perfect. I support it just
01:23:56
pragmatically because it's better than
01:23:58
the status quo. And my view is that we
01:24:02
should take this now. We should get this
01:24:03
done and then come back for more later.
01:24:06
And there should be a big fight over the
01:24:08
budget at some point in the future, but
01:24:10
this is not the right time to do it. We
01:24:12
don't have the votes. We're not
01:24:12
organized. And it would compromise these
01:24:14
other promises the president's made. And
01:24:16
the time to really have that battle is
01:24:18
at the beginning of the new fiscal year,
01:24:19
which is October 1st. So we at some
01:24:22
point do need to have a big fight over
01:24:24
the budget. There does need to be
01:24:26
resistance to the deficit. We can't
01:24:27
continue in this current state forever,
01:24:29
but I don't think that's the hill to die
01:24:31
on right now. Chimath, your thoughts on
01:24:33
BBB and the Kuruffle, if you want it.
01:24:36
Here's what I'll say. I was sad at the
01:24:38
end of last week. one is my friend and
01:24:40
the other is my president and it seemed
01:24:42
like a really profound friendship and so
01:24:44
I was bummed.
01:24:47
Here's what I'll say this week though on
01:24:48
a much more positive note. I saw Elon on
01:24:51
Tuesday and I got to spend a couple
01:24:54
hours with him at Tesla. He let me audit
01:24:57
a couple of meetings with him actually.
01:24:59
It's always fun. Yeah. Yeah. One was
01:25:01
Dojo and then right after that was the
01:25:03
Optimus team. H one thing I'll say is
01:25:07
I've said this before but he attracts
01:25:10
these incredible men and women to work
01:25:12
for him. They are inspiring. Just
01:25:14
sitting in a meeting and hearing it what
01:25:17
they're doing was amazing. And then
01:25:20
second to see Elon in action at scale in
01:25:25
that way is like watching a maestro
01:25:27
paint a masterpiece. It's it's really
01:25:30
impressive. And then separately, I saw
01:25:32
President Trump doing a couple of
01:25:34
pressers and he was in his zone of
01:25:36
excellence. So, it seems like they're
01:25:39
going to find some common ground here.
01:25:41
They are better together. And I'll just
01:25:44
say Elon, amazing. Tesla, incredible.
01:25:49
And I would not be sleeping on this
01:25:51
company is what I would say. Jason, what
01:25:53
do you think? So,
01:25:56
we're not the main characters in this
01:25:57
story, obviously. And when I saw what
01:26:00
happened last week, obviously this is
01:26:01
one of my best friends for many decades.
01:26:04
And given the popularity of this
01:26:06
podcast, my decision was I don't want to
01:26:10
insert myself into this, have my quotes
01:26:13
or my feelings uh about Trump, about the
01:26:17
bill get weaponized. And that's
01:26:19
typically what happens when you have a
01:26:21
friend who's the number one story in the
01:26:23
world. Uh and now not friends with
01:26:25
Trump, but he is my president as well by
01:26:27
default.
01:26:28
What benefit does it have to me to then
01:26:31
speak about it and then have everybody
01:26:33
weaponize it? So, I know this is hard
01:26:34
for the audience to reconcile, but
01:26:36
sometimes it's better for me to just
01:26:38
step back. That's why you don't see me
01:26:40
commenting on Tesla or SpaceX publicly
01:26:42
all the time because people weaponize
01:26:44
what I say against my friend, and I just
01:26:46
don't like that. And, you know, it it's
01:26:48
happened in books. It's happens in news
01:26:49
stories. So, when Elon is doing
01:26:51
something and it's this intense, I like
01:26:53
to just step back and maybe take a beat.
01:26:55
That was my decision. That's why I
01:26:57
didn't want to do a pod last week.
01:26:59
Everybody else can speak for themselves.
01:27:01
That's where I'm at. How do I feel about
01:27:03
it? I think Trump uh is making a mistake
01:27:06
with BBB. I think he should push back on
01:27:07
it harder. I said that in a previous
01:27:09
episode. And I think Elon's 100% correct
01:27:12
about that. I also think if either of
01:27:15
these parties can't control spending,
01:27:17
there needs to be like the Nor what was
01:27:19
it? The Norquist um you guys would know
01:27:21
more about this, but Norquist pledge,
01:27:23
Tucker, where you you know, you agree to
01:27:25
not increase taxes. I think we need
01:27:27
something like that where a reasonable
01:27:29
party says we should balance the budget.
01:27:33
We have to control the deficit. There
01:27:34
should be some pledge like that that we
01:27:36
force our elected officials on both
01:27:37
sides of the aisle to take. And I'm
01:27:39
going to start pursuing that myself
01:27:41
personally. You can go to join
01:27:43
thereresponsibleparty.com
01:27:44
and I'm just going to start an email
01:27:46
newsletter and just talk about it. I
01:27:47
think there needs to be a pledge that
01:27:48
these politicians take to balance the
01:27:51
budget and cut the deficit over some
01:27:53
reasonable amount of time. Uh but I wish
01:27:55
them both the best and I'm glad that the
01:27:57
two of them have reconciled because
01:27:59
that's good for the country. We can't
01:28:00
have these two giants at war. The
01:28:02
greatest innovator in our country and a
01:28:05
president who's got, you know, an agenda
01:28:06
which I agree with twothirds of. I may
01:28:08
not agree with how he's doing
01:28:09
immigration on the margins, but I agree
01:28:11
with everything else. So, I'm just
01:28:13
rooting for the both of them because
01:28:15
it's so important that for America that
01:28:16
they get along. Great. So, in summary,
01:28:19
you're not centering yourself, but you
01:28:21
have a website www. I have an opinion.
01:28:25
It accepts Apple. I'm not telling you to
01:28:27
go to founderun university. It's $1 a
01:28:29
month, but if you subscribe for a year,
01:28:32
it's $6. Yeah, you actually threw in a
01:28:34
plug. I have an issue. I'm throwing a
01:28:35
plug in. That was insane. I I don't
01:28:37
care. Listen, sign up the responsible
01:28:41
party.com. I'm going to start my over my
01:28:43
own your quiz pledge, but also join.
01:28:46
It's insane. You're insane. I'd also
01:28:47
like to plug Chamat's Substack. It's
01:28:50
$1,000 a year to get his reports and uh
01:28:53
you can of course buy David
01:28:54
Saxquil.com/ucker.
01:28:57
What plugs do you have? I've never
01:28:58
plugged. No plugs from Tucker. Tucker,
01:29:01
you where what's in the merch store,
01:29:03
Tucker? You got to have something in the
01:29:04
merch store. Alp, America's greatest
01:29:06
nicotine pouch. That's all I've got.
01:29:08
Okay, here we go. Plugs central. Uh,
01:29:10
fantastic. All right, breaking news
01:29:12
here. Foreign policy looks like a major
01:29:13
escalation with Iran could be happening.
01:29:15
Maybe on Wednesday, it was reported some
01:29:17
US personnel were being evacuated out of
01:29:19
the Middle East. Partial evacuation of
01:29:22
the Iraqi embassy. Okay. Oil prices move
01:29:25
4% on the news. Later reported that
01:29:28
Israel is prepared to launch an
01:29:30
operation into Iran. US thinks Iran
01:29:33
could retaliate on spaces in Iraq which
01:29:35
explains the evacuations. Trump was
01:29:37
asked about the evacuation said the
01:29:39
following quote they are being moved out
01:29:42
because it could be a dangerous place.
01:29:44
We'll see what happens. The classic
01:29:45
Trump will see what happens. And then he
01:29:48
added they can't have a nuclear weapon.
01:29:51
Very simple. Okay. Poly market odds are
01:29:54
spiking on Israel. Action against Iran
01:29:58
50%. Oh boy. Uh Tucker,
01:30:03
can the West allow Iran to have a
01:30:06
nuclear weapon or is this more a WMD
01:30:10
situation that we referenced at the
01:30:11
start of the program? If Tucker Carlson
01:30:14
was in the White House, which many of
01:30:15
your fans wish you were, what would your
01:30:18
advice be here?
01:30:20
Is it up to us? Do we have the power?
01:30:23
Nobody wants Iran to have a nuclear
01:30:25
weapon. I don't think the Iranians want
01:30:26
a nuclear weapon right now by judging by
01:30:28
their actions, but it could we prevent
01:30:31
it is the question. And if so, how
01:30:34
exactly given that we just lost to
01:30:36
Russia and the Houthis? Um I'm
01:30:39
skeptical. Um but I'm amazed by how
01:30:42
close we are to military action against
01:30:45
Iran. It's no defense of Iran. Of
01:30:47
course, I'm not a Shiite for the record,
01:30:49
but I think it comes with perils that
01:30:51
people are not considering or willfully
01:30:52
ignoring. And the main one is Iran is
01:30:55
not Iraq or it's not Libya. It's not
01:30:57
isolated. It's a it's a central player
01:30:59
in bricks. 90% of of Iran's oil exports
01:31:03
go to China. It just signed an defense
01:31:05
agreement with Russia in January. So
01:31:07
it's not you know what I mean? It has
01:31:09
backup. It has big allies that represent
01:31:11
the majority of the world's population
01:31:12
and the majority of the world's economy
01:31:14
and land mass. So the potential for this
01:31:17
to become something much much bigger and
01:31:18
unmanageable is is real. It's there.
01:31:21
their conventional weapons are fearsome
01:31:24
and could do great damage to our allies
01:31:26
to Israel and and to American assets in
01:31:29
that area and also to energy production
01:31:32
um in countries that we we rely on. So I
01:31:35
think the downsides are uh are really
01:31:37
kind of overwhelming. I think um a
01:31:40
protracted meaning anything over a day
01:31:43
or two uh engagement with Iran would
01:31:45
derail the Trump agenda and the
01:31:48
presidency and I think it could really
01:31:50
sink this administration and so I pray
01:31:52
this this doesn't happen. I think by the
01:31:54
way I think the timetable is distorted.
01:31:56
There is absolutely no reason to the
01:31:58
president has said repeatedly we will do
01:32:00
everything we can to prevent Iran from
01:32:02
getting a nuclear weapon. I think it's a
01:32:03
completely reasonable goal. Nobody wants
01:32:05
that. I certainly don't want that and
01:32:07
the Israelis don't want it and the Gulf
01:32:08
States don't want it. Nobody wants that.
01:32:10
But it doesn't mean that it has to
01:32:12
happen on Friday actually and there are
01:32:15
other forces exerting pressure on the
01:32:18
administration to get this done quickly
01:32:22
even before Steve Wickoff, God bless
01:32:24
him, um meets with his counterparts in
01:32:26
Oman in a few days from now. So it's
01:32:28
like why in the world would you preempt
01:32:31
a scheduled negotiation with air strikes
01:32:35
which the United States would US is
01:32:36
driving is driving this and we're just
01:32:39
you know it's it's a it's a combination
01:32:42
of both and by the way Israel is a
01:32:45
country with 9 million people in it. I
01:32:47
mean it's it's the Israeli government.
01:32:49
Um but there also elements of the US
01:32:50
government. The head of SenCom you know
01:32:52
is in favor of this. There are a number
01:32:54
of Republican senators who are in favor
01:32:56
of this who are lying. For example,
01:32:58
here's one, I think, interesting point,
01:33:00
um, that's a statement of fact. There's
01:33:01
no American intelligence, this is a
01:33:04
statement of fact, that suggests Iran is
01:33:07
in the process of assembling a nuclear
01:33:09
weapon or within months of doing so.
01:33:11
There's none. And yet Tom Cotton of
01:33:14
Arkansas, the chairman of the intel
01:33:16
Senate Intel Committee, is out there
01:33:17
saying, you know, we know that they're
01:33:19
doing this. Well, actually, you don't
01:33:20
know that. That's not true. Whether he
01:33:21
believes it or not, I can't, you know, I
01:33:23
can't say, but that's that's a lie. Our
01:33:25
intel does not say that. period. So why
01:33:28
so they're lying because industrial uh
01:33:31
military-industrial complex? Yeah. I
01:33:33
mean I think there a whole it's not it's
01:33:36
not as simple as OB wants it. I mean I
01:33:38
think this is a very complicated
01:33:40
um coalition of aligned interests but
01:33:44
whatever their motives I don't even need
01:33:46
to know their motives. This is not a
01:33:49
timetable that we need to adhere to.
01:33:51
It's a completely artificial timetable.
01:33:53
The president has done his best to
01:33:56
resolve this diplomatically. That's
01:33:57
clearly his stated preference. He said
01:33:58
it a million times. And he's being
01:34:00
bumrushed into making a very uh
01:34:05
snap decision that could have bigger
01:34:09
consequences than we're thinking
01:34:10
through. So, I'm very concerned about
01:34:12
it.
01:34:14
What's your thoughts here? Can Iran have
01:34:17
a nuclear weapon? And should the United
01:34:20
States participate in if they do have um
01:34:25
one imminently which is a big debate
01:34:27
obviously
01:34:29
should we be involved in uh stopping
01:34:32
them or should we be doing negotiations
01:34:34
soft power etc. I think this is where
01:34:38
I'm glad that it's President Trump in
01:34:40
the seat. I think he's shown a
01:34:42
consistent desire to offramp all of
01:34:44
these conflicts and if he and Witoff
01:34:49
can hopefully hold the line with BB and
01:34:51
everybody else, I think we're way way
01:34:53
way better off. But you see this like
01:34:56
every time we're on the verge of
01:34:57
victory, somebody in the
01:34:59
military-industrial complex invents
01:35:01
some, you know, escalation of something
01:35:04
so that we can just go to war. It's the
01:35:06
the answer always seems to be let's go
01:35:08
to war or let's support a war or let's
01:35:10
enable a war. And the bull work to that
01:35:13
has been the president. If we go to war,
01:35:16
Tucker's right, this totally screws
01:35:18
everything up. I mean, you could see oil
01:35:22
double double. What What happens to the
01:35:25
economy of the world, of world GDP, of
01:35:28
everything, of inflation if you have oil
01:35:30
at 100 bucks a barrel, 112 bucks a
01:35:32
barrel? It's not good.
01:35:35
So, you have to wonder like why would
01:35:37
people want this escalation? Who wants
01:35:39
this escalation? And you see that it's
01:35:44
deeply beneficial for America to avoid
01:35:46
anything calamitous happening here. So I
01:35:48
hope we find an off-ramp and I hope that
01:35:51
the president gets his way. One thing
01:35:53
people should know about Iran is that
01:35:56
there is a massive demographic switch
01:35:59
happening here. You can see a chart. Is
01:36:02
this from your paid newsletter site? Uh
01:36:04
this is Yeah, this is from
01:36:05
chimoth.subsect.com.
01:36:06
$1,000 a year, $700 a month. You get to
01:36:09
have lunch with him twice a year. Is
01:36:10
this is this from choose your
01:36:12
responsible party.org? What's it called?
01:36:14
No, this is from founderun university
01:36:16
application coming in for around the
01:36:18
world. Uh here we go. Take a take your
01:36:21
uh nicotine patch and come to founder
01:36:23
university. Iran 2020 uh if you look at
01:36:28
the number of millennials, Gen Xers, uh
01:36:31
this is not a boomer country and they're
01:36:33
going to have a revolution when all
01:36:35
those 30 year olds you see there, that
01:36:37
big fat middle, 30 and 40 year olds who
01:36:40
are on VPNs right now and reading and
01:36:43
watching what's happening in the West.
01:36:46
You do not need to interfere with this
01:36:47
country. You just need to let those 30
01:36:49
year olds become 40 and 50 year olds and
01:36:51
take over the country. We need to
01:36:53
negotiate heavily. The idea of going in
01:36:55
there and creating a war with Iran is
01:36:58
exactly probably what those older people
01:36:59
want. Demographics are destiny. Uh and
01:37:01
this there's an amazing actual Anthony
01:37:04
Bourdain episode from Iran and it was he
01:37:06
said it was his favorite episode. Rest
01:37:07
in peace Anthony Bourdain. But the
01:37:09
demographics here are just going to
01:37:10
drive this change. Your ability as a
01:37:11
moderator to cover so much ground. Thank
01:37:14
you. Wow. Compliment. All right. This is
01:37:17
a hard turn to make, Tucker, but this
01:37:19
week's All-In podcast is brought to you
01:37:21
by the Trump card. Everybody go get a
01:37:24
Trump card and use the promo code J
01:37:26
promo code JCAL. And I uh just full
01:37:29
disclosure, get paid $500,000 every time
01:37:32
you buy a Trump card. But the Trump card
01:37:34
website is up. Use the promo code JCAL
01:37:36
10% off. Tucker 12% off. And Saxy Pooh
01:37:40
for 15% off. 15,000 15,000 people have
01:37:45
signed up. That's $75 billion there if
01:37:48
you convert them all. Let's go. I mean,
01:37:50
I I I'm an idiot because I proposed this
01:37:52
years ago for $500,000 and you know what
01:37:54
the genius of Trump is? He made it gold
01:37:57
and added a zero. You have You have
01:37:59
consistently proven to your friends that
01:38:00
you mispriced by an order of magnitude
01:38:03
typically two. Now I add a zero every
01:38:05
time. All right. Listen, thank you
01:38:07
Tucker for coming on. What's the website
01:38:09
to get our nicotine? Uh Alps. Alps.
01:38:12
Alps. What? I want the website. Als.com.
01:38:14
Alpouch.com. All right, Tucker, you got
01:38:16
to get us in on this. We need
01:38:18
alpouch.comallin.
01:38:20
We need an all-in branded one. Okay.
01:38:22
With the flavor of What's the flavor,
01:38:24
Chimamoth, we should do here. What's the
01:38:25
flavor? Can we do a burgundy money?
01:38:28
That's why I'm in. But how do we get How
01:38:30
do we How do we get promoing this? We
01:38:32
need to get some We need to get in on
01:38:34
this. I would say like it should taste
01:38:35
like a 2001 Meetto. Can you do that? Can
01:38:38
you get the team on a Metto flavor for
01:38:40
us? It's I'm going to send Tucker a
01:38:42
bottle. I am uh sending this in right
01:38:45
now. We're to start with barata flavored
01:38:47
to then go from there. I would if you
01:38:49
can make a coollette steak for me. A
01:38:51
rare koollette steak would be great as a
01:38:53
flavor. A wagu
01:38:55
would be great. Sax, what do you got for
01:38:56
a flavor here? Just something minty.
01:38:58
Maybe a little minty. Okay. Minty fresh
01:39:00
cuz you want to get the breath going.
01:39:02
This is dual purpose. Why chew gum when
01:39:04
you can just go right to a pouch? There.
01:39:06
There it goes. Clip that. I just texted
01:39:09
I texted the factory and I said we need
01:39:11
specially branded ALP for Allin.
01:39:14
Let's go. You think I'm kidding? We're
01:39:16
in BD mode. We're in BD mode. We're not
01:39:18
kidding either. We're in BD mode here at
01:39:19
Allin. Allin.com. Come to the summit.
01:39:22
Tucker, why don't you come to the summit
01:39:23
in September? What are you doing? You
01:39:24
want to come? Done. It'd be fun to As
01:39:26
long as it's not it's not the end is um
01:39:29
grouse season, so I can't I'm not
01:39:30
allowed to leave during grrow season
01:39:32
because I've got dogs. But um is it
01:39:34
before the end of September? September
01:39:36
8th and 789 I think it is. So yeah. Oh
01:39:41
brow flavor pouch. Those that's a little
01:39:44
g it's a little gamey for a nicotine
01:39:46
pouch but I'll think about it. We'll
01:39:47
think take it under advising. Too gy.
01:39:49
All right everybody. We missed you.
01:39:51
Sultan of science. We'll break your
01:39:52
chops but we wish you were here. David
01:39:54
Saxs the miss you buddy. See you in LA
01:39:57
hopefully at the all-in tequila lunch
01:40:00
later this month. Chamath Poly Hapatia
01:40:04
great to see you. Good luck with your
01:40:05
health and for my guy Tucker Carlson.
01:40:10
Alpouch.com/allin.
01:40:12
Get your promo codes going. This is the
01:40:13
number one podcast in the world after
01:40:15
the Tucker Carlson show. My last shout
01:40:17
out. I would like to thank Robin Hood
01:40:18
for sending me their gold card. You
01:40:20
finally Yeah. Sax and I have had it for
01:40:22
100 days. I shhat on American Express
01:40:25
because I think they're just trash and
01:40:28
then they they reached out to me and it
01:40:30
was so ridiculous for the black card.
01:40:32
No, they they didn't even offer me the
01:40:34
black card. They said, "Here's a chance
01:40:36
for you to apply for the black card."
01:40:38
And I was like, "This is this just
01:40:39
proves so insulting. So insulting." They
01:40:42
have no idea who anybody is. They're
01:40:44
nagging you. They're I mean, literally,
01:40:47
this is the number one podcast in the
01:40:48
world, bro. I mean, I generally if any
01:40:52
of the four of us ran a credit card
01:40:54
company and we decided that we were
01:40:56
going to have a $10,000 a year credit
01:40:58
card for big spenders, what you would do
01:41:00
is actually run a query to find who are
01:41:03
the biggest that you already have and
01:41:06
upgrade them so that they're paying you
01:41:08
10,000. Who who wants to do the all-in
01:41:10
card with us? Email jasonallin.com.
01:41:12
BD lines are open. We're going to
01:41:14
monetize this brand. All right,
01:41:16
everybody. Thanks again, Tucker. You're
01:41:17
awesome. We appreciate you and best the
01:41:20
greatest. See you next time. Byebye.
01:41:23
Love you besties. Love you. Love you s.
01:41:26
I got you.
01:41:29
We'll let your winners ride.
01:41:32
Rainman David
01:41:36
and it said we open sourced it to the
01:41:38
fans and they've just gone crazy with
01:41:40
it. Love you. Queen of Kino
01:41:44
[Music]
01:41:50
besties are gone.
01:41:52
That is my dog taking notice your
01:41:54
driveways.
01:41:57
Oh man, my appetiter will be. You should
01:42:00
all just get a room and just have one
01:42:02
big huge orgy cuz they're all just
01:42:03
useless. It's like this like sexual
01:42:05
tension that we just need to release
01:42:06
somehow.
01:42:08
Wet your feet. Wet your feet. her feet.
01:42:13
We need to get Mercury's back.
01:42:18
[Music]
01:42:23
I'm going all in.
