35 Burst results for "Obama Administration"
America Needs to Understand It's Role in the Middle East
"Oh my god what the heck's on going here what do you want to tell the American people about how things should go forward I think there are two points, Mark, if you'll permit me. The first thing is that America needs to understand its role. America is you know Iran calls America the great Satan yeah that's because it's great and they want to divide it so they call it the great Satan but America is great and if it departs from that role it's not only America that suffers at the end of the day it's the entire world certainly the free world certainly the people who believe in values the of Judeo -Christian ethics. America can't step back from its leadership role and when it does that as it began to do during the Obama administration you're going to have a rise of malevolent powers who are going to ultimately cause suffering for Western civilization as well. Well it's not going to stop here Israel is really the like my son was the point Israel is the point squadron for Western civilization and if we defeat Hamas then America benefits and the in Europe in Europe benefits Judeo -Christian world benefits but America has to be out in front and has to lead and it can't step back from that role. That would be my first point. The second point is we have to go back to our roots to our sources. We've kind of lost a moral compass because we've lost where we've come from. If you don't know where you come from you don't know where you're going. You've written about this extensively in the book on liberty. You always have to look back and see where do we come from? Where are our roots? roots. What do we believe in? If we confuse that we forget that. We make 1619 into 1620 or 1620 and the founding gets all confused. If you have a confused beginning then you have a very confused future. So I think it's really imperative that America understands its leadership and understands its roots and if that happens Israel will be far more appreciated than it is now. The reason why Israel is derided in so much of academia in the media is because wokeism has over taken and America's role and its history has been forgotten and confused. Very brilliantly put. How is your family coping with all this? The rest of your family is a big hole and yet your citizens of Israel this threat still looms over your family like it does the entire citizenry there. Mark, you know it's quite a move from talking about America's role to my family but I'll tell you this, you know we always have to see ourselves personally in the context of a bigger picture and a bigger picture in the context of our personal lives. You know when I got the knock on the door at 12 30 at night the two officers came to inform me that my son had fallen. I really didn't know what name they were going to say because I have
Democrats Are Threatening Israel's Very Survival
"You know it's interesting when israel one it's independence the state of israel and people get confused with that and how how long the jewish people have been there the jewish people have been there for four thousand years but the modern state of israel the establishment of the state of israel it was proclaimed on may 14 1948 within a few hours president truman issued from the white house a statement that said the states united government recognized the provisional government as the de facto authority the new state of israel two days later the soviet union followed with a formal recognition to an exchange of letters by stalin's right -hand man stoff and should talk the foreign minister of israel and it said confirm your receipt of your telegram on may 16 in which you inform the government of the ussr of the proclamation on the basis of the revolution of the united nations resolution november 1947 of the creation of alzheimer the independent state of israel make requests for the recognition of state of by the ussr i inform you in this letter that the government of the ussr has decided to recognize officially the state of israel and its provisional government so today's so two days later the soviet union recognizes israel and from that moment until 1967 formal diplomatic relations but seven diplomatic relations were broken off and weren't resumed until 1991 one the . also israel's closest ally the state of israel was established was not the united states it was france. france was israel's closest ally and it's believed that france provided israel with certain technological information to enable them to build atomic weapons it was france. eisenhower was a little chilly toward israel at least at the toward the end by the despite what some israeli officials are saying at the highest levels in even worse than obama even though obama's acolytes are surrounding biden in instituting their ideological agenda the fact is you can see since obama's presidency that the demographics of the country enhance the demographics of the democrat party have significantly changed. there's more islamists operating under the umbrella of the democrat and receiving tenure and receiving student visas and all the rest of it than during the obama administration and exist big time now and being funded by billionaires and they're being lost network and others
Benjamin Netanyahu: Ceasefire Would Be Victory for Hamas
"To come in or our hostages individual hostages to leave but i don't think there's going to be a general ceasefire it's not that i don't think i think it will hamper the war effort it'll hamper our effort to get our hostages out because the only thing that works on these criminals in Hamas is the military pressure that we're exerting you see bein has a totally different agenda we've talked about the ideological really suicidal agenda a blinking and obama to weaken Israel and empower Iran and they're still pursuing that notice notice this administration still is not enforced the oil sanctions on iran even though they're now shooting at our soldiers it's shocking absolutely shocking netanyahu had five go but there is daylight here on this notion of a humanitarian policy how they just keep pushing a humanitarian pose even use the language the obama administration ABC CNN the Washington
An Excerpt From 'Unfreedom of the Press'
"Because Biden's doing about what you're going to hear. The way in which most Americans have heard the story, writes the post writer of the Iran deal presented that the Obama administration began seriously engaging with Iranian officials in 2013 in order to take advantage of a new political reality in Iran, which came about because of elections that brought moderates to power in that country, was largely manufactured for the purpose of selling the deal. Unquote. A main argument for negotiating with the Iran regime was, quote, actively misleading. Unquote. That's me. And regurgitated by journalists who wanted to support Obama's policy. It would be the same journalists who now support Hamas's policies. As Samuels reported, the narrative that Rhodes shaped the story of the Iran deal began in 2013 when a moderate faction inside the Iranian regime led by Hassan Rouhani beat regime hardliners, unquote, in an election and began to pursue a called the policy of openness, which included a newfound willingness to negotiate the dismantling of its illicit nuclear weapons program. This is all from the Post. The president set out the timeline himself in a speech announcing the nuclear deal on January 14, 2015. Today, two years after of negotiations, he said, the United States, together with our international partners, has achieved something decades of animosity is not. While the president's statement was technically accurate, there had in fact been two years of formal negotiations leading up to the signing of his nuclear deal, was also actively misleading, because the most meaningful part of the negotiations with Iran had begun in the mid -2012, before many months Rouhani and the so -called moderate camp were chosen in an election among candidates picked by Iran's supreme leader, the Ayatollah Ali Khamenei. The idea that there was a new reality in Iran was politically
A highlight from JOE ROGAN JOINS TEAM BITCOIN | SB Originals
"Well, it's not a good place for us, but maybe it's a good place for the universe. Do you invest in Bitcoin? Do you invest in Bitcoin? I've got some Bitcoin. Okay. So I think, but that's not what I'm thinking about. What's up, Freethinkers, disruptors of the status quo. Today, we're not just going to break through the financial matrix. We're shattering it with a voice that's synonymous with free thought and unfiltered dialogue. Let's enter the realm of the monetary revolution with none other than the podcast legend, the maestro himself, Joe Rogan. That's right, folks. When a heavyweight like Rogan has stepped into the Bitcoin arena, you know, it's more than just a fleeting fancy, Hey, we got a lot to cover. Let's get it. The real fascinating crypto is Bitcoin. To me, I mean, that's the one that I think has the most likely possibility of becoming a universal viable currency. And it's, you know, it's limited in the amount that there can be. It's, you know, people mine it with their own computer. It's like that to me is very fascinating. And I love the fact that it's been implemented and that at least some, like I've had Andreas Antonopoulos on the podcast and he's, when he talks about it, he's living it. He's spending all of his money, everything he has paid is in Bitcoin. He pays his rent in Bitcoin. Everything he does is in Bitcoin. Now, what is it about Bitcoin that magnetizes a podcast titan like Joe Rogan towards the Bitcoin cosmos? It's not just a whimsical dalliance with digital gold. It's a full fledged rally against a financial system that's as outdated as a floppy disk and Bitcoin's decentralized ethos isn't just a tune. It's a symphony and it resonates with the unfiltered, uncensored dialogues that Joe Rogan champions on his platform. It just makes sense. Freedom. Bitcoin. It's a match made in heaven. I think of Bitcoin the same way I think about the early Internet. I think they didn't see it coming and now it's a viable form of currency. You can actually buy things with it. And I think the government is freaking out. I think what they're going to try to do is they tried to, they tried to do some shit with the Internet during the Obama administration where they were going to try to censor the Internet and it fell apart because people were furious in the uproar and they thought the repercussions political of it were not worth it. The juice wasn't worth a squeeze so they backed off of it. But I feel that there's going to come a time where some government, whether it's the United States or another government might try it first, they're going to try to implement, I know they already do it in China, but they're going to try to implement a digital currency, a centralized digital currency that they can control. What's scary about that is they could say, Khalil, we've looked at your behavior online and you have some marks against you and so you're not going to be able to buy this or you can only buy staples. You can't, you know, you can buy food and shelter, but we're not going to allow you to travel because that could be a real thing where they literally limit what you spend your money on. One thousand percent. Pretty awesome to be able to imagine in a way a world where borders are just like quaint relics of the past. Bitcoin is an open Internet of money, a universal frequency where value flows as freely as ideas on the Joe Rogan experience after a DMT trip. And it's a paradigm where your money talks the universal language of autonomy. I'm excited about Bitcoin, too, but I think this idea that we have a global currency that is outside of the control of any government is a super logical and important step on the tech tree. As fiat currencies bloat with the whims of monetary policies, inflating faster than a hot air balloon on a helium binge, Bitcoin stands firm with its cap supply. It's like having a financial rock in a sea of monetary mayhem, a kind of stability that's not just refreshing, it's revolutionary. And for freedom loving folks like Rogan, this isn't just a narrative. It's a clarity on call to financial sovereignty. So why are these guys doing what they're doing? You have all the money in the world. You live in a $100 million house, not you, Larry Fink and some of these guys. I don't know if he lives in a $100 million house, but you got the money to live in a $100 million house. What else do you need? You got nice cars. Jamie Dimon's got a $900 million art collection according to an article. It's a nice art collection, right? You go to all the nice restaurants, you meet prime ministers, you meet presidents, and maybe there comes a time when you're looking at a couple of these guys, they're presidents and prime ministers, and you tell yourself, I'd be a better president than you, bro.
A highlight from Mike Gallagher Week in Review for Friday, October 20, 2023
"Welcome to The Mike Gallagher Show Week in Review Podcast. I'm Eric Hansen. This is Friday, October 20th, 2023. It's been a busy week, and of course, the demonstrations picked up steam this week as Americans took side in the Israeli -Palestinian conflict. Disturbingly, the pro -Palestinian supporters showed up in numbers in places like Harvard University, as well as many other college campuses. These pro bizarre -Hamas protests that we've seen break out all over the world, particularly in London. Did you see London over the weekend? A lot of European capitals. What's going on over there? And if they have people who say, hey, the Palestinian people have some grievances too. Okay. But it's almost pro, almost it's decidedly pro -terrorism. It's pro -Hamas. Yes. Hey, let me break this down for you. If you're pro -Hamas, you're pro -terrorist. Because there was Joe Biden yesterday saying, well, sort of the extremist element of Hamas doesn't represent, there is no non -extremist element of Hamas. Yeah. I mean, how do you have proportionality over something like this? Andrew McCarthy wrote a great column over the weekend in the New York Post, what proportionality really means in Israel's about the need for proportionality. Oh, really? So should Israel limit itself to raping the precise number of women as Hamas did? Should we just kill precisely the same amount of babies in Gaza as they did? Or elderly non -combatants and young peace concert revelers? What in the hell, pardon my language, the hell is going on with the world and progressives and now progressives calling on us taking in Gaza refugees? I think I'm going to throw this out to you. And I could be dead wrong on this, but, but this is the only thing that makes sense. Anti -Semitism. It has to be a hatred of the Jewish people. And it has to be okay. If a progressive says, if I got to take a side between a Jew and a terrorist, I'm going to side with the terrorist. What else explains it, Mark? There's only one other thing, because I spent a lot of time thinking about this as well. What drives hate? What guides, I mean, what is the reason for hating Jews? The reason for hating blacks, the reason for hating whites, the reason for hating Hispanics, the reason for hating Mormons, whatever. What drives it? And anti -Semitism has historically been, I think a lot of it about envy, a lot of it about suspicion. A lot of it, there are a lot of ancient gripes that might go into people's desire not to process today. But I think some of this is the enemy of my enemy is my friend, or the friend of my enemy is my enemy. Meaning that since, you ever hear Donald Trump say that conservative Christians care more about Israel than a lot of American Jews do? And by the way, he's right about that. So if indeed conservative Christianity is one of the most pro Israeli contingents to be found today, the American left is going to oppose anything that conservative Christians. They must run from that. They must run and you're right. They must say, well, I can't be on the side of what conservatives. Now I will tell you this, a lot of the media, a lot of the American media has been very pro Israel throughout all of this. Bill Maher had a great deal of clarity over this. And yet you still see this weird penchant for proportionality. You know, of course the battle isn't with the Gaza people, the people of Gaza, but Hamas is using the people of Gaza as human shields, including hostages, including some Americans. Mike had a chance to catch up with his friend, podcaster, author, and filmmaker Dinesh D 'Souza this week. His latest movie Police State is coming out and he talked about it on the show. 72 % of likely US voters are concerned that America is becoming a police state. Dinesh, this has happened pretty rapidly. Don't you agree that this has only been within the last few years that we've seen these incredible abuses of the justice system and the judicial system and law enforcement? This has not been years and years and years in the making, has it? Well, the germs of it do go back to the aftermath of 9 -11 when many people, I think Mike, you included, me included, said to the US government, we're willing to grant you these expanded surveillance powers, these expanded police powers, but of course in the expectation that they will be used against foreign terrorists who are trying to kill us, people like the Hamas terrorists that you've been talking about. Now, I think under the Obama administration, there was a shift in which these police agencies of government said, we have all this power, but there's no reason that we have to simply limit it to foreign terrorists. How about if we start going after some domestic political opponents? Now, that began slowly under Obama in kind of an unprecedented period in the last two years. There's been a tremendous escalation so that the FBI and the police agencies have turned their attention to what they now call domestic extremists. And I think this is part of the reason that the US intelligence agencies were clueless about the Hamas attack, because they're not focusing on foreign terrorists anymore. They're focusing on some 70 -year -old grandma who strolled into the Capitol for 10 minutes on January 6th. You know, one of the most high -profile examples of a police state, it seems to me, is when we witnessed in the early morning hours law enforcement raiding Mar -a -Lago, the residence of the 45th President of the United States. We have seen such egregious abuses in the guise of stopping him from becoming reelected. We all know what's going on here, but it seems to me that more and more Americans, Dinesh, are able to recognize what Trump is experiencing, and they're saying to themselves, if they can do this to Donald Trump, they sure as heck can do this to me. Police states, Mike, tend to be one -party states. And that doesn't mean that they don't have any opposition, and it doesn't mean they don't have elections. China has elections. Iran has elections. But the opposition is always controlled. It's subordinate to the regime. Now, with Trump, if they had said that this is unprecedented, but guess what? We've found that he took some classified documents. He pugnaciously held onto them. He refused to turn them back. So we're going to make a single charge against him. But the fact, Mike, that you're dealing with 90 -plus charges and decades and decades in prison, it's very obvious they're using a shotgun approach. Let's get them in DC. If we can't get them in DC, maybe in Florida. If not in Florida, maybe in Georgia. If not in Georgia, then in New York. If we can't get them on the criminal stuff, we'll get them on civil stuff and wreck his business. I mean, this is classic police state thuggery. And we're seeing it blatantly before our eyes. And of course, Dinesh's new movie, Police State, comes out next week. You know, we talked about all the pro -Hamas supporters on college campuses, which got us wondering about those students. They'll all need a job after graduation, right? So would you hire a Hamas supporter at your company? Hi, Jackie. Welcome to The Mike Gallagher Show in the Relief Factor studios. How are you today? I'm good. Thank you. I'm a small company owner down here in Southwest Missouri. And I have to say, I wouldn't hire these kids for sure. And the reason, yes, they're protesting for Palestine. But the problem is it really shows a disconnect with reality. They don't have any ability to research or find their own opinion. They just listen to whatever somebody tells them to think. And that's not somebody I want in my company. If you drop these kids off in Israel and they had to look, like really look at what happened, I guarantee you they're going to think differently. But they've been so sheltered. They've been so sheltered for any type of suffering or any reality. It's just a movie to them, just TV. It's not real. It's like a video game. They don't really realize that young women were raped brutally raped. One of the women carried away as a hostage. You've seen the video. And she has blood all over her pants from where she was raped viciously by these monsters. The videos have been confirmed and the pictures were confirmed of the murdered babies.
A highlight from SBF Trial, ETF Progress, JPM Onyx Milestone: The Crypto Weekly Recap
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Saturday, October 14th, and that means it's time for the weekly recap. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link at the show notes or go to bit .ly slash breakdown pod. Hello, friends. Happy weekend. Today, I have another conversation between Scott Melker and I. This was recorded yesterday morning, and there are a couple of things that I think you will find valuable in here. One, although we do spend a fair bit of time on the SPF trial, as opposed to just giving the play -by -play, which I've been doing on the show, this is a lot more a subjective reading and interpretation of the events, what they mean for the industry, what I think we learned. So in true weekly recap fashion, I think it does a little bit more of that. Now, the second topic that I think will be of interest to a lot of you is JP Morgan and real world assets. We had some interesting news there. And finally, there is a little bit of ETF intrigue and what might be happening on that front. So friends, I hope you enjoy this. Let's dive in. NLW Men, how are you today? I am good. I'm having a great week, better than a lot of the weeks of people we're going to talk about today. I'll tell you that. For sure. I don't think Sam's having a great week. And there's someone else we have to give an honorable mention to who's finally having a bad week. And that, of course, is Steve Ehrlich from Voyager Digital. You guys may not have seen this, but he's being sued by the CFTC for fraud, for neglect, negligence of customer assets, for lying about FDIC insurance, for taking risky bets while saying that customers assets were safe and they were only taking safe bets. He told this to me personally via text message and phone and on interviews almost until the last day. I was unable to withdraw crypto unlike everyone else who could have gotten their assets out because Voyager had done me a favor and put protection on my account that they refused to lift for two months that I asked them to when I saw problems with Celsius. I have a personal feeling about this, but I think the worst part, and Nathaniel maybe is someone who's slightly outside the situation, give me some perspective, but the worst part is that everybody knows that Voyager declared bankruptcy to protect the executives from criminal charges, right? It was pretty clear at the time they could have just liquidated the assets. We would have gotten roughly 75 cents on the dollar, but instead to protect themselves from suits that had already been filed so those would be erased and suits they knew were coming, every insider knows this, they decided to declare bankruptcy. We ended up getting back 35 % of the assets, but really 24 % of the value on the day that it happened. This is a civil charge, of course, so he still is criminally protected, but to see him get in trouble anyways after doing all of that to us just to protect himself gives me extreme mixed emotions. I mean, how do you view this as like, I guess, a third party who was not luckily a creditor to Voyager? Yeah, so a couple things. One is I think that this is going to get us nicely into, I think, the SPF case as well. The consequences for this set of executives is incredibly important for the evolution of this industry, right? And I think that the mixed emotion of it probably should have been worse, but at least there is this set of actions which could result in not just penalties financially and things like that, but real prohibitions on what this person is able to do in markets in the future is important. I think that for a little while, and this is sort of, again, a preview of what I'll say about about SPF too, for a little while, I think that the crypto industry is going to have to just deal with the fact that there is more evidence that it's just sort of full of scams and frauds like the critics have always claimed. But in the long run, what these cases are actually serving to point out is that it's not just the industry being inherently or a priori dirty, it's specific people making specific decisions to lie, to commit fraud, to change balance sheets, to do things that regardless of the industry would be fraudulent, would be criminal. And ultimately in the long run, especially as a new wave of actors comes in, both from the traditional financial sector and a new class of entrepreneurs who are going to specifically, I think, position themselves as the opposite of this generation of folks, it will be important that we have on record that what happened was specific instances of fraud and criminal behavior, not just that's what happens in crypto. It will also be really important as a deterrent for future actors who come in to realize that there is punishment for these actions, even if it's in the unregulated wild west of crypto. Yeah, listen. That's a very important part because we've seen Mashinsky, we've seen SPF, of course, maybe BlockFi, we haven't seen anything yet. I don't know if there's anything to see there, but it is nice at least to see this in the press and that people don't see Ehrlich completely skate by as if nothing happened and there was no dereliction of duty here. What's crazy is the guy hasn't spoken a word since any of it happened. And he had a statement today, the talented management team at Voyager created and maintained our platform in full compliance with the existing regulatory structure. Our team consistently communicated and worked closely with our regulators when literally everybody knows that the risk management team was just left out of every decision. There's been reports of it, that it was literally like, Steve decides we need yield. We're going to go do this. It's Steve. Everyone said that. And so like, listen, his quote is the exact one that his lawyer would write up, obviously, and send out on a PR release and then we won't hear anything else. But these people have to at least be punished in the court of public opinion, even if it's not a huge fine or if he has no money or if he doesn't go to jail, people need to see this in the press. I mean, we saw how much of American politics, like the broad American politics was shaped by the lack of consequences for the financial industry in 2008, a huge part. You're talking Occupy Wall Street on one side. You're talking about the Tea Party on the other. This was a major, major impact because I think that many people who have kind of a historical point of view will point to this as one of the single biggest failures of the Obama administration to not hold to account that group. So yes, it's brutal to live through right now, but it is an incredibly important exercise dredge to actually up and figure out who needs to be held to account for what happened in the space. Yeah. I can't really tell if it's cathartic or just makes me angry and triggers emotions again, but either way, I think it's a good thing and that has to be our natural segue right here into what's happening at the Sam Bacon free trial. I actually signed up for the Wall Street Journal just to keep this update going on the recommendation of Misha, the producer. Never thought I would have a Wall Street Journal subscription again, but it is really great that they're just giving these constant updates on what's happening here. But nobody's better probably for giving the constant updates on what's happening here than you. Let me flip it around to you though. I was thinking about this. I would love, same way you asked me for kind of outside context, I have a lot to share sort of that has a little bit of insider perspective. What's your big broad strokes impression of sort of this testimony this week from Caroline and where it leaves things? Well, to be clear, I don't think it's really anything new. I think that a lot of it aligns with the assumptions that we had of how things were going. There's been previous articles extensively about the misbehavior there, the alleged fraud and all the things that were going on. But to hear it from the horse's mouth, so to speak, is really impactful. And so the levels that they went to just work outside the system to commit fraud, to lie to existing lenders, to lie to potential lenders, to lie to customers. It's very, very clear that this paints a picture of him as an outright criminal mastermind from day one. It's impossible to even look at his effective altruism without looking through it that lens. It really seems like as kind of ADHD and Ritalin and Adderall dependent that he was and all over the place, that there was a very direct focus on a goal that he had and he was willing to do anything to do it. They kind of talked about his utilitarian side of it and that he could lie and nobody else could because he had a goal. I just think from the outside, it's exceptionally clear this guy is guilty. He should go to jail forever and they should throw every book they have at him to make sure that nobody tries this again. Yeah. I think that the story is getting unbelievably clear. And to your point, a lot of it is what sort of has started to become working assumptions from the crypto industry, but that has really been articulated now. So if we look at last week and Gary Wang, I think that the biggest impact on the jury from that testimony will be how early these sort of activities started. Gary being asked to code the ability to the negative accounts all the way back in July of 2019. Gary kind of walking through that first Alameda was allowed to withdraw up to FTX's revenue, which is $150 million, and then that was increased to a billion, and then that was increased to infinite, $65 billion. That story. So we sort of got the dispassionate version of the story that's just, here's how Sam directed this to be put into code, the use of customer money. What we got from Caroline this week is how explicit it was, how acknowledged it was that this was customer money, how she knew throughout. And it was, you know, by all accounts eating her, you know, sort of psychologically that she knew that that was the only source of revenue. And so, you know, it was a hole that she was just directed to keep digging deeper and deeper and deeper. And I think that the sort of, you know, if Gary kind of gave the timeline, what we got from Caroline's testimony was that, to use your word, Sam really was the mastermind determining this from day one. It seems very intentional that it was the four people, you know, the three who have turned basically state's witness and Caroline who knew what was going on, that Sam always called into these meetings. And Trabuco, I've got to be in there, man. I don't know where this guy is, but we can talk about that later. Go ahead. Yeah. Yeah. And I think that the, you know, so you sort of have a dispassionate set of behaviors that are articulated. Then you have sort of a lot of color about Sam. You know, I mean, listen, Sam's, the argument that he didn't know what was going on was completely blown out of the water this week. And I think that the additional layer is we really started to get some worldview kind of color that I think will help jurors explain or understand how this could be. You know, Caroline explained something that had widely been my assumption, which was sort of an ends justifies the means kind of thing, that Sam held himself as fundamentally separate from the rest of the world. You know, this is sort of the biggest, angriest moment in the podcast that I did right after the whole thing went down, where I kind of imagined Sam sitting there, even now, as he had been caught, thinking the rest of the world was just too stupid to take power the way that he knew how, rather than all of us understanding that every day we're confronted with these decisions where we can do the right thing or do the wrong thing, and we decide not because the right thing is easier to do the f***ing right thing. And I think that that's really what was articulated as part of this as well, that he just didn't believe in the conception of lying or fraud. There was no such thing. It was all just, would it be a positive expected value calculation on his ability to impact things? You know, he was willing to play the most serious game and it exploded, you know, and this is one of the possible outcomes. So now he's got to kind of live in it. And I still believe he thinks he's innocent, to be quite honest. And one point that you made is that Caroline really blew a hole in the idea that he was not the mastermind, right? He's saying it was her fault, pointing fingers everywhere else. What it also blows a hole in is the idea that it was a small hole that maybe was a small mistake and then they just sort of, you know, tried to fill it and it got worse and worse and oh woe is me. That's actually to some degree what I believe happened with Voyager, right? I think Steve Ehrlich, and he talked about it even in the past, offering 9 % to our customers. Well then Doge got popular, a million people signed up in a day and we had to find a way to give a million, now 2 million people, 9%. And that sets us further down the risk curve and the further down the risk curve you go, obviously, the bigger chance there is that you're going to blow up, victims of their own success, either the customers leave or you have to go further down the risk curve to offer that yield. So maybe in a situation like that, it was a snowball going downhill that just got bigger and bigger and bigger. This was 2019 before even the bull market for SPF, where he's put these systems in place. This wasn't like, oh, we blew up with Luna, what are we going to do and started committing fraud to fill the hole. This was fraud from the very beginning. It was a criminal enterprise set up to be that way. I think that the, you know, when the dust settles, what will be clear is that it turns out that for Sam, it was Alameda all along. Alameda was his personal fiefdom. It was his big financial power vehicle to do whatever he wanted to do. An opaque set of accounts that he could direct to politicians, to investments, to whatever. And even ultimately, as big as FTX got, it was still a subsidiary in his mind of Alameda, which was his personal power bank, you know, the bank for his power bank. And that's why he never even considered it was just a play to get customers to unknowingly fund his various world changing ventures. You know, I put that in serious air quotes there. Yeah, I know we have other stories to get to, but it's hard not to continue to talk this to death. I mean, there's some incredible highlights. SPF tried Thai sex worker wallets to unlock frozen funds before bribing Chinese officials. He ended up bribing Chinese officials to get OKX and Huobi accounts open that were frozen. I mean, there was literally no length this guy would stop at to avoid doing what he wanted, to your point. I mean, it's really crazy. He tried to go to the kingdom of Saudi Arabia and lie to them about an investment. Can you imagine? Yeah, we haven't even Saudi Arabia invested and then found out about this. Yeah, MBS doesn't exactly have the cleanest record of people who double crossed him. I don't know if that's the highest expected value calculation, Sam. No, I mean, what were the most to you? Like what were the most astounding revelations here? Was there anything like this? I mean, these are these are small details, of course, Thai sex worker. It makes for a good headline. But like there are things here that even you were like, wow. I think that the brazenness that I mean, the utter brazenness that like so there was a so John Ray in Michael Lewis's book, Lewis focuses on him very he's more critical of John Ray than he is of Sam, which is part of the reason people are so frustrated. But one of the things that John Ray said in that book is that there are kind of criminals who are born and criminals who are made, you know. And I think that what's interesting and this sort of is what you're saying, you were just painting a picture where for a lot of these institutions, they maybe just got in over their head. They made a stupid set of decisions that had sort of, you know, a cascade of impacts that they were caught up in their own, you know, problems. And that's sort of how it went down versus I set out to acquire, you know, the fact that he was explicitly trying to get finance targeted so that their customers like he was using he was trying to use the US government to shake down finance for FTX's benefit. Right. By the way, that ended up we haven't talked about how that ended up being the single thing that ultimately brought him down. You know, it's it's become not popular to talk about this fact, because obviously in the wake of, you know, Sam and CZ like CZ set the train in motion when he sent that tweet about FTT. Let's not deny it. They were playing a very serious game of who's got a who's got a bigger billionaire D that they can throw around and CZ bitch slap Sam into the next century. And it was because very clearly Sam had been running his mouth all over D .C. trying to use that very inelegantly. I mean, Sam was a two bit mafia wannabe, basically, you know. So I think that the brazenness really shows up. The Chinese official bribe is another area where it's just, you know, it is not a normal behavior for a kid who's in his first CEO ship within about a year of doing it to be willing to bribe Chinese officials. That is born criminal is arguably American ones as well. But we don't need to go there. James Murphy met a lawman yesterday, was on the show, and we're going to keep talking about this. We'll cook through the other stories in a minute, but pointing out yesterday that the buyout of CZ from FTX was with customer funds and theoretically could be for a massive clawback. Right. Well, that's I mean, that's a that's a whole thing that another dimension of this story, which is extremely problematic for for for other parts of this industry. And the other thing. So if we're let's let's segue to the other parts of the industry implications. That's a big one, right. Is what the estate is going to do vis -a -vis that sort of financing. Now, Binance is so on the ropes via, you know, vis -a -vis the U .S., you know, who knows how that'll that'll happen. But the other one is there are now big questions or people starting to ask questions about how much Genesis knew when. Right. And what that relationship looked like. Because, you know, the very prominently part of the most damning testimony from Caroline was that Sam very clearly knew to authorize, you know, to pay back Genesis with customer funds, which creates a clawback situation for them, which doesn't seem that there's any possible way that DCG could handle if that if that comes this way. You know, so. Yeah. And she created seven fake balance sheets to show to everyone, which in and of itself is slipping away for literally ever. I mean, this is a crazy part of the story that the balance sheet that triggered the whole thing. Right. Like I said, CZ threw it down the mountain with his FTT tweet. But, you know, it was started with the Coindesk report that was the sanguinized of the seven choices of balance sheets. The one that they had cooked that was the least damning was the one that still damned them. And it's insane. A balance fake sheet was enough to cause a complete cascade and death of FTX. Imagine if we had seen the real one. Obviously, we can't even imagine. One question that I have, I guess, last before we move on to Bill 2. Do you think that we'll see any of the politicians brought up in this trial? Gary Gensler, Maxine Waters, et cetera? I don't think so, because the prosecution has no interest in doing that and they've got him buried. Yeah, so so so exactly. So there's a couple of reasons why we won't. One is that to when you go after ultimately this the SDNY is not putting Congress on trial right now, even if they'd like to. And when you go after that type of target, you have to have it dead to rights. And I don't believe I believe that there's probably a lot of messages out there where Sam was sort of intimating bribes or, you know, but I would be very surprised if there was actual sort of full on like Chinese official bribery behavior yet. Now, give him one. You just gave him donations. You can do that much easier here. Give him give him one more election cycle. And I mean, listen, even when it happened, I think to the extent that we want to find some solace in this situation, the amount of power that Sam was able to accrue in about 18 to 24 months coming from zero from a standing start is so unbelievable relative to anything we've seen basically in modern history, that the horror of imagining him being able to accumulate power for three or four more years before being found out one another crypto cycle probably would have cleaned up the I wouldn't have cleaned up the balance sheet, but it would have made FTX able to handle things. You know, it would have gone through that sort of like, oh, yeah, they were bad in the past, but like they were able to kind of clean it up. So I don't know if we could take any solace to the fact that this every every day that it would have gone on longer would have been much potentially worse for the world. Absolutely. Absolutely. And the final thing before we move on, how much impact do you think it had on the last market cycle as far as the price of the assets? We saw a revelation that he had told Caroline to keep Bitcoin under 20 ,000. I kind of reread that. I don't think that's really what he was saying. I think he was saying sell, keep selling above 20 ,000. Exactly. So I don't think that he was purposely manipulating the price, as maybe you've seen, on X. But do you think that this behavior and FTT being in the market and all of the VC activity they did with FTX customer funds dramatically impacted the structure of the last cycle? One hundred percent. Absolutely. I mean, you've you've you've even seen post the collapse of FTX how much more organic market movements have looked right. I mean, it just it took out this force like where the even without the intention to goes explicitly manipulate market prices, which, frankly, like, you know, if we got Sam Trabuco's testimony, I would be very surprised if there wasn't some amount of actual straight up market manipulation attempts.
Sen. Tom Cotton: Obama-Biden Policies Elevated the Iranian Regime
"When in reality, Iran is a radical, theocratic dictatorship and will never be anything but as long as the Ayatollah's government, that's why they fund and fuel groups like Hamas and Hezbollah who are dedicated not just to killing Jews in Israel but to killing Americans as well. And President Biden's policies are simply a resurrection of Barack Obama's policies, in many cases run by the same people who made Iran policy and the Obama administration have projected weakness, they have empowered Iran and therefore they have empowered Iran's proxies like Hamas. And still to this day, even when you look at his speeches, the president yesterday refused to say the word Iran. He talked about any country, he refused to mention Hezbollah, he talked about any organization, like he apparently will not say even the names of our enemies for fear of provoking them or angering them, when in reality what we should be saying directly, not just some unnamed organization or unnamed nation, is if Iran or Hezbollah take advantage of the situation, we will crush them as well. We mentioned in passing at the White House, and what he didn't do today, is this, Senator Cotton, we focus on this six billion dollars, bad which is enough, and it's not just the availability of money at some point to be used for terrorism, it is the fact that we would give six billion dollars to an enemy that is trying to build nuclear weapons on ICBMs aimed at the United States, have sent an assassin to the United States to kill a former Secretary of State, former head of the National Security Council, and a country that is the regime that has killed American soldiers, created horrific casualties, you're a combat veteran, you know this yourself, and we give them six billion dollars, let's pretend they to use buy it flowers, why would you give them six
Monitor Show 13:00 10-09-2023 13:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context and context changes everything. Go to Bloomberg .com to get context. And new revenue sources, S &P 500 right now off two -tenths of 1%, then NASDAQ off four -tenths of 1%. Sound on with Joe Matthew from Washington, D .C. That starts right now. Bloomberg Sound On, politics, policy and perspective from D .C.'s top names. Most people, including most Republicans in Congress, understand that we need to get aid to Ukraine. Who's going to take us in a rational way into the future and lead our country? This has really become kind of the new frontier in American politics, is this battle between red states and blue cities. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. Washington girds for another war. Welcome to the fastest show in politics. As the Biden administration pledges unconditional support for Israel and Congress stands ready for another funding request, even without a speaker. We'll have the latest for you from the Capitol straight ahead here on Sound On and we'll discuss with Brett Bruin, president of the Global Situation Room, former White House director of global engagement in the Obama administration. He'll bring us inside the Situation Room for the latest. With analysis from our signature panel.
New Details on Suspended Diplomat Robert Malley’s Security Clearance
"Into the thinking inner workings iran's foreign ministry to crucial time in the nuclear diplomacy even as tayron's portrayal of events is questioned if not flatly denied by others involved in the IEI they show how iran was capable the kind of influence operations that the united states and its allies in the region often conduct more specifically a German professor in the IEI this cabal offered to ghost write opinion pieces for tayron officials and others in the network sought Iranian foreign ministry staff advice about the US and Israeli conferences hearings per semifore quote the IEI participants were prolific writers about beds and analyses and provided insights on television and twitter regularly touting the need for a compromise with tayron on the nuclear issue a position in line with both the obama and rahani administrations at the time it reported the IEI again this cabal at particular access during the final years of former president barack obama's administration asan rahani was then the Iranian president quote the Iran experts initiative that's the IEI was born from a rahani administration eager to end tayron's pariah status following eight years of muhammad yabba dabba doo's presidency in he which courted holocaust denial and promoted the eradication of israel summit 4 reported quote quote this initiative which we call iran experts initiative IEI is consisted of a core group of six to ten distinguished second generation iranians of established
Monitor Show 13:00 09-18-2023 13:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. A little bit higher, WTI crude oil up half a percent, $91 .23 per share. Sound on with Joe Matthew from Washington, D .C. That starts right now. Bloomberg Sound On. Politics, policy, and perspective from D .C.'s top names. Federal spending combined with too -lax monetary policy has produced this 40 -year high on inflation. China policy is driven basically by domestic politics. American families are finding themselves further behind the eight ball. To get anything done in this Congress, it's going to have to be done in a bipartisan way. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. The UAW says it's not moved. Welcome to the fastest show in politics as the auto workers union rejects the latest pay raises offered from the likes of the big three as the strike now enters day four. Following weekend talks, Democrats and Republicans are starting to take sides on this. A very sticky issue that we'll discuss with President Biden's former labor whisperer, Seth Harris, who is also labor secretary in the Obama administration. Later this hour, there's talk of a budget deal among Republicans in the U .S. House.
A highlight from Week in Review - Episode 21
"Welcome to The Mike Gallagher Show Week in Review podcast. I'm Eric Hansen. Mike's on vacation, so we had a couple of great guest hosts working this week. We begin with Kevin McCullough of AM 970 The Answer in New York. He discussed some of the new revelations about former Hunter Biden business partner Devin Archer and what he had to say about Joe Biden's involvement in his son's business. We now know that in the Barack Obama, Joe Biden administration, not only did Devin Archer and Hunter Biden business partners regularly converse with then Vice President Joe Biden. He says they never discuss business. He said he never talked about any of his business with the with the with his son. But we now know from Devin Archer's direct testimony that that was not true. But it appears there may have been other administration officials that were involved in the whole shakedown of Ukraine, get them on the board of Burisma so that they could have eighty thousand dollar a month jobs, not knowing the language, not knowing anything about an energy company. Because it's been revealed in documents that have just been brought to light that then Secretary of State John Kerry, I'm John Kerry, I may catch up. Well, no, my wife's family does. I'm John Kerry and I'm reporting for duty or something like you remember that at the convention is really weird. Secretary of State John Kerry and the Obama administration evidently met with and discussed with Devin Archer several of the items related to the Ukraine scenario, getting the prosecutor fired so that they wouldn't be putting political pressure on Burisma, getting getting permissions taken care of from the State Department so that all the whole thing would go smoother. So it's not just crazy Uncle Joe. It's also crazy Uncle John. And these two have yet to answer for any of it. You cannot sell access to American political appointees or elect or elect elected officials. That's that's but where are the prosecutions? Where's the where's the three a .m. SWAT detail bringing John Kerry in in his pajamas? The Hunter Biden scandal grows more troubling every day. Meanwhile, we've been hearing a lot of chatter in the media about a covid resurgence, but is it a real threat or is there an ulterior motive? I want to go back to the phones. Let's start with Chris calling from Rockwall, Texas. Hello, Chris. Hey, how's it going? Thank you so much for taking my phone call. You got it. I was just sitting there listening to you and I wanted to see what your thoughts were. We've had all these different variants or so -called variants. I don't even pay attention to any of them, but almost nobody knows what they're they're called anymore. It's crazy. They keep coming out with new ones. And so what are your thoughts on the economic implications? Because we've had all these variants and then no news, no news. And now all of a sudden we're here and they're setting lockdowns, masks, businesses are seemingly joining this force. And I find it ironic that it has everything to do with going into a presidential year. Oh, Chris, I don't I don't know. Wherever did you get that idea here on August the 28th? Just as we're just as we're revving up after the first presidential debate and headed towards the full primary cycle. Where could you ever get such a crazy idea? Chris from Rockwall, Texas. Thanks for the call.
Has Joe Biden Done Anything Beneficial for the Country?
"Actually going to run on the economy. I was covering this this segment morning during the podcast and my producer, Guy, you know, he likes to chime in show in the whenever he feels like it. Which Mike and Jim, you guys are always welcome to do as well, you know that. But he's like, well, Dan, what else is he going to run on? In other words, like everything this guy touches, he absolutely destroys, it burns to the ground. So when you're measuring, you know, levels of suck, he's got to go with the thing that sucks the least because there is nothing good demands done. I say that trying to be objective. Can you I mean, can you name up? Mike, can you think of anything? I'm serious, like anything good? I mean, I even said during the Obama administration, the eight years someone asked me once, did he do anything you agree with? And I said, yes, he he gave a speech once about how poorly Vietnam veterans were treated. I lost my uncle there in Vietnam. changed It my grandmother's life, my mother's life. And I thought that it was a really good speech about and is important it that a Democrat say it. That was probably it. But I can't. Yeah. Are you who's in the studio taking calls today? Who's who's there? Bill, Bill's back. Wild Bill. Bill, if you can think of something, chime in, man. Don't don't don't be don't be shy. I really can't. I mean, the guy's been in office over two years, I can't think of of a single thing or decision he's made on any substantive major issue that has actually benefited the country. His judgment is just so awful. Afghanistan, China, Russia. Remember remember his speech on Russia, Ukraine? Well, if Russia invades just a little bit, we'll let it slide. That's a really good thing to say. A week before
A highlight from Guest Host Carl Jackson Asks Whether Trump Should Participate In The GOP Debates
"The Mike Gallagher Show. The claims made in the document are consistent with what we found and disclosed to you all in Romania. It suggests a pattern of bribery where payments would be made through shell accounts and multiple banks. There's a term for that, it's called money laundering. In the ReliefFactor .com studios, here's Mike. Welcome back to the Mike Gallagher Show, I'm your guest host Carl Jackson sitting in for Mike Gallagher. You can find me online on my podcast, The Carl Jackson Show. Please subscribe, rate and review. If you go to YouTube and Rumble, give us a five, I would certainly appreciate that. But you can subscribe wherever you go to get your podcasts. Find me on social media, all things social media at The Carl Jackson Show. Hat tip Breitbart, Comer Biden business received over 20 million from Russia, Ukraine, Kazakhstan, while Joe Biden was VP. The Biden family business received over 20 million bucks from Russia, Ukraine. I wonder if he's confused as to who he wants to really win the war. And Kazakhstan, while Joe Biden was VP in the Obama administration, the House Oversight Committee Chair James Comer has revealed the committee previously unveiled two tranches of Biden business bank records. Those showed the Biden business received at least 10 million from business schemes in Romania and China. In total, nine Biden family members received payments from the family foreign business ventures, including two of Joe Biden's grandchildren. Comer predicted in June that the committee's work would ultimately show the Biden family accepted up to 30 million from its foreign business dealings. I think it is going to go beyond 30 million dollars. So remember what the left is doing. The last time I was on here was drip, drip, drip against the Trump campaign. All right, we're going to do drip, drip, drip against Biden. However, I will say this and looking through the rules for radicals, I do believe that we have to make sure that we are talking about other things rather than just Biden and even on our side, rather than just Trump. You have to talk about issues as well. You should talk about Trump and the persecution from the deep state, including the Biden administration or the third term of Barack Obama's administration. As we learned from the tablet piece over the weekend or over last weekend, listen, we all knew what was happening. We all knew the deal. Biden is allowed to get his payoffs right. He can be this corrupt, I believe, president as well. He can get paid off. His family can live lavishly. Just let Barack Obama finish the transition or the fundamental transmission of America and Biden will be your useful idiot to do so. We have one caller drop off. Al, if you will call back in, I'll get right to you. I wanted to go to you, actually. All right. I do want to play a video clip for you. This is video clip number one. If you will cue that up for me, Adam Trump represented the represents the regular citizen, Laura Ingram says, who can't get a break from the government. So let's play that. Let's roll that video number one. Well, I think it kind of represents to people at this point, after all these years of their coming after him, he kind of represents this the regular citizen who seems like they can't get a break from the federal government. The government's always on your back. It's always taking your money. It's always regulating you. It's always hassling you. And that's kind of what they're doing to Trump, obviously, in a much worse way. All right. So this is this is why I told you, you have to understand it's citizen versus the state. It is citizen versus the state. This is why I get so frustrated with some conservatives. Well, it's not that big deal. Oh, oh, my God. We need to back away from that. No, we need to back away from you because obviously you don't know what time it is. I've literally read some conservatives writing. They don't. Someone doesn't know what time it is when I read their article. I'm like, oh, maybe you don't know what time it is. It's insane. It's insane because what's happening is the left is using Saul Alinsky tactics against us and we're reciprocating, but not against the left. We're reciprocating against each other. One of the dumbest things I've ever seen in my life. But that's the way we Republicans roll, unfortunately. But after this show, Lord willing, we're going to roll a little differently, I hope, if you want to win, because we've got to use those tactics against the left. All right. We got to use them against the left. But Laura Ingraham is absolutely right. I think Trump represents the forgotten man. I think DeSantis has done the same thing. Whether or not you want DeSantis to be president, listen, that's a whole other issue. But I can tell you, as a governor, he's been phenomenal. He's been the every man's governor. So the debate between Trump and obviously Trump is way out ahead right now. He is going to be the light or he is, at least at this point, the likely nominee for the Republican Party. But you see DeSantis trying to do some things, making some changes within his camp, getting a new manager. We'll have to see we'll have to see how all of that stuff plays out. I'll let you know right off the bat. There's people that I love in the race. I love Trump. I love DeSantis. I love Larry Elder. I wish Larry Elder would get on the stage if for no other reason to address some of the systemic racism issues that are not to prove that America isn't systemically racist. I think he would do a much better job of doing that than Tim Scott personally. That is just my personal view of things. But we are dealing with a corrupt administration. All right, let me let me let me get to this before I end up forgetting and I just talk my way, talk my way out of it. Actually, let me do this. Let me take a call first. John has been waiting patiently in Orlando and then I want to get to this issue. I want to get to this issue of making sure that the next pandemic does not ever, ever, ever happen again. Everyone, even on the Republican side, and I include Trump with this, I think Trump needs to come out and say, I had Fauci, I had Deborah Birx in my ear. They straight up lied to me. I think that's important. I think that's important. I think that humility would actually gain more independence and so on moderate, so to speak. I think that needs to happen because what happened with Covid was an absolute damn shame. And we have to make sure that the left never gets that opportunity again. We've got to empower the citizen, never, ever, ever, ever empower the state. If you're in a political position and you're looking at some form of legislation and you look at that legislation and it says and you think through it, OK, will power go to the people or will power go to government? Always choose the people, always choose the people in the United States of America. All right, John in Orlando. John, welcome to the Mike Gallagher Show. We're live from the ReliefFactor .com studio and you've got the mic.
A highlight from No Interruptions Podcast - Which Political Party Wins Over Young Voters?
"Welcome to this week's No Interruptions podcast where, again, the only rule is no interrupting allowed, unlike what we normally do, interrupting, cross -talking, shouting, screaming, pull out our hair, weeping and gnashing of teeth. Both of our guests get a chance to present their side, their perspective, their argument without any interrupting whatsoever. On one side of this conversation today about which political party is doing a better job connecting and wooing and winning over young voters, Terry Schilling is president of the American Principles Project. He's responsible for developing, coordinating and implementing their strategy, messaging and grassroots activity at the state level. He's worked in communications development grassroots for people like Representative Chris Smith from New Jersey, Senator Sam Brownback, and even managed his dad's race for Congress in Illinois. He led the Bobby Schilling for Congress campaign to a 10 -point victory. And Jake Poling is a field rep for Turning Point USA, one of our favorite organizations in America. Turning Point, of course, our friend and colleague, Charlie Kirk, founded. Jake attends all the Turning Point USA events all over America, is heavily involved in getting young voters engaged in politics, and even hosts his own podcast called The New Right Podcast. So gentlemen, let's get started. Terry, I want to start with you. Do you accept sort of the conventional wisdom that of the two political parties, it's the Democrats who do a better job of connecting with young voters? I think that there are, I think that's exactly right. I think that Democrats are doing, having the most success in attracting young voters. And it's because there are three primary factors that have a major impact on your political party preferences. And those three, three, three factors are church attendance. Do you go to church on a semi or somewhat regular basis? Second is marriage. Are you married? Do you plan to get married sooner or later? And then three is children. Do you have children? Do you want children? Do you have children at home right now? How many children? Those three things, if you're more likely to go to church on Sunday on a regular basis, you are going to be much more likely to be a Republican. If you're married, you're much more likely to be a Republican. If you have children, you're much more likely to be a Republican. If you want those three things, you're much more likely to be a Republican. But the trend lines with Gen Z and even millennials before them are not promising. Every in generation America is less religious than the one prior to it. These are what the trends are. Marriage rates have fallen through the floor. We don't have a divorce problem so much as people aren't getting married anymore problem. And then also on top of that, if that all wasn't enough for bad trend lines for the Republican Party, people aren't having children anymore. The birth rate is below replacement levels, which means that Americans aren't even having enough children to replace themselves after they go, which means that we're dying. So I think that how things stand right now, Democrats are the party of destruction. They are destroying things and they take advantage of all of these decaying institutions and things that we're suffering from. So I do think that Democrats are doing a much better job at bringing in Gen Z and younger generations. You know, Jake, I think it's fair to believe that all three of us sort of sing from the same playbook here, the same manual. We're Republicans. We lean right anyway. And clearly there's been deep concern on the part of longtime Republicans like me that we're not doing enough to win over young people. Then, of course, comes a long turning point, USA. I mean, I think the very existence of this organization that you're a part of gives a lot of us hope and inspiration. But react to Terry's very eloquent stating of three big factors which tend to favor Democrats connecting with young voters rather than Republicans. Yeah, no, I definitely do see where he's coming from with that and I'm not necessarily going to say I disagree with those specific points. One thing that I've noticed is that people in working with young people on a daily basis coming out of college and high school, I grew up actually a little more on the left than I came out of high school and college, which is crazy. Usually it's the other way around. I've been given so many great opportunities to to be on the front lines with young people every day, seeing what problems they actually are facing on school campuses and just in the everyday world right now. What he said is not wrong, but I do believe that Gen Z and millennials are trending, especially Gen Z, conservative. They're tired of the progressivism that is being pushed to them in their schools by adults that have no idea the way that they live their lives, what they believe. They're being told what to believe without having any moral, they have morals and they're hearing this from people who don't have a moral backbone. One thing that I do want to reiterate with that before I kind of go on too much of a tangent here, there is the, if you guys saw, I'm sure you did the University of Michigan study that came out, how boys in their junior, senior high school are nearly twice as likely to identify as conservatives compared to those who identify as liberal. That's huge and that comes from organizations like Turning Point that are, you know, on the front lines helping young people get involved in politics and giving them a voice. I feel like a lot of young people are afraid to speak out on their actual opinions due to fear of backlash. And we're finally at a point where the Republican Party is pushing and doing a good job, something they should have been doing a long time ago, pushing optimism and aspiration and the American dream and that's something that we haven't done a very good job of really for a long time, especially when I was in middle school and high school when I grew up under Barack Obama's administration, which was a complete disaster. And then one last thing I'd like to add, local GOP groups working at the city level or at the county level, they're doing a much better job than they used to and trying to bring in young people to the movement. We did not focus enough on young people back in the mid -2010s. Right now, we're a little late to the party, but we are really, really doing a nice job now at working together at Turning Point, local GOPs and other like -minded organizations to get young people excited about being an American citizen. It's okay to love America and I think young people are starting to believe that too. You know, I don't want to turn this whole conversation today on our No Interruptions podcast into a conversation about Turning Point USA, but I must say, Terry, that it's so impressive to see the work that they've done and the real, real powerful movement it has become. And I just wonder, do you know of anything on the left or do the Democrats have anything comparable to Turning Point USA? Certainly, they have college professors and wacky far -left activists and every kooky ideologue under the sun from Hollywood to academia and in between, but I don't know of any group on the left that's comparable to thousands and thousands of high school and college kids that are mobilized the way Turning Point is. Do you know of anybody, any such group? I don't know of any non -governmental organizations that are like that, but I think that if I were to compare what Turning Point has built and actually why Turning Point is so incredibly important is that what has happened in our country is that the progressives have taken over our K through 12 education system. So while Turning Point is doing phenomenal work, and I wish Turning Point was not just a billion -dollar -a -year organization, let's say we're a trillion -dollar -a -year organization so that they could compete with the public education system. It's quite unfair, but what we need to do really is, I'm not a fan of privatizing education as the only solution. I think we need to retake the education system. I think that Charlie Kirk, as head of the Department of Education, would be a phenomenal system and would actually allow us to start fixing the history curriculum, sort of fixing the lack of education, sort of fixing the lack of math and reading programs, but unfortunately, we are fighting from the outside while the progressives own the institutions that we are now trying to take over. To give the progressives credit, they fought this 100 -year, century -long march to take over all of our institutions, and they basically completed it all the way up until the Department of Defense, which we're seeing more and more about their woke programs that they have. That's Terry Shilling, who's the president of the American Principles Project. Jake Poling is a field representative for Turning Point USA. Jake, let's talk about going forward, and I want to be about answers here rather than complaining about the deficiency that Republicans are perceived to have with young people. How does it get better for the Republican Party? How do we win more young people over to our side? Absolutely. Well, for one, we just have to relate better. One thing that the Republican Party, and we all can admit, for a long time, we have not been able to relate to young people as well as the people on the top tab in a long time. One thing that I hate to give credit, but credit where it's due, in 2008, 2012, when Obama won both of those elections, he used grassroots. He used getting young people involved in politics to win his elections. He won his election based on the grassroots and young people. And then when it comes to the more recent elections that just happened with Trump and Biden, those elections, young people came out in numbers, apparently, for Joe Biden that we've never seen before. And we have to create this new wave now of the American youth to really hone in on our pro -American values, where we go from here. So it's really just engaging with these students and with these young people in high schools and in high school and in college, coaching them on speaking up for what they believe in, giving them the chance to, you know, if something goes on in their school or at their college, speak at their local school board meeting or Board of Education meetings, let them know what's going on in schools, give them that platform, you know, encourage them to vote when they can or register to vote when they can and speak about that to their to their peers. Hosting impactful events is another thing that students can do. It does not take money to do anything like that. I mean, it doesn't take much to go to your school and say, hey, what can we do? Maybe we can bring in the local police chief to come in and speak on the good work that they're doing, bring people that are like minded, that they can come in and get people excited to to push the agenda that we want, the the the nuclear family, the pro -American values, the pro -constitution values, capitalist values to more young people. And I think more young people will will fall in line with that when they realize that. I think at the end of the day, one thing that I've heard growing up and I didn't really understand it until now, when you grow up, it's a quote that I love, when you go up, you want to be a Republican. And that has a whole lot of meaning behind such a small statement that I really live by that. And I firmly believe it. It's MyPillow's 20 year anniversary with over 80 million MyPillow's sold, Mike Lindell at MyPillow wants to thank you by giving you the lowest price in history on their MyPillow's. Check this price out. You'll get a queen size MyPillow for $19 .98. 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Kash Patel: Media Needs to Review Suspicious Café Milano Dinner
"The stuff the audience needs Understand that this Biden scandal there is absolutely zero chance Obama did not know about this alleged 10 million dollar bribe there's zero chance this IMF loan given to Ukraine after they fired this prosecutor looking into Hunter Biden's companies you know misdoings over there Obama had to know about that his Jen Psaki who was at State as a spokeswoman at the time was asked about it Jay Carney the Obama White House press spokesperson was asked about Hunter Biden's role of Burisma they all knew this happened with his imprimatur yeah can I just contextualize that for you remember the whole Trump Power meeting meeting it was supposed to be the epicenter of evil Don Jr. and company meeting with Russians and foreign assets to collude with Russia and I interrogated everyone in that meeting under oath during the Russia investigation they all said oh yeah we're here talking about Russian adoption that's it there was no collusion now fast forward to the actually you have to rewind it's a little weird right this happened before then the cafe Milano meeting in 2015 when Barack Obama was president Joe Biden was vice president Hunter Biden and Archer Biden and Daddy VP Joe Biden have dinner at cafe Milano with the who the mayor the wife of the mayor of Moscow a week before she had sent barista five million dollars from Russia so that Hunter Biden and barista and Devin Archer and company could benefit from that swindling campaign how about we target the cafe Milano incident as the real epicenter of what happened in the Obama administration signed off by VP Joe Biden you're absolutely right you tell me Barack Obama didn't know that funding was coming in when his VP was flying to the Ukraine the next week to get the funding approved and the prosecutor Ukrainian fired only to get one billion dollars that only Barack Obama could approve sent to the crane it's not a coincidence
Kash Patel: Obama's Involvement in Biden Bribery Scandal
"This because I think you're one of the few guys that actually That's it so um let me set this up for you for a minute So I'm thinking about this this morning as I'm putting together the Show Friday cash, and I'm thinking okay if Biden took this 10 million dollar bribe which the bank records seem to indicate in order to release this IMF us -backed money the only one who could have made that decision To do it was Obama, and then the collusion hoax you were you know you were knee -deep in discovering with Devin Nunes the people who controlled were controlled the FBI and the CIA looking into We're this controlled by Obama like he's the guy he's the puppet master like am I crazy and Out of this way am I off -base? No not at all Dan great to be with you on a Friday. Thanks for having me look I've said all always roads lead to Russiagate people got tired of hearing me say that and I wish I was wrong but it's personnel that has created the Russiagate conspiracy in every single line of effort after that Lisa Monaco is the current Deputy Attorney General She is the number two at the Justice Department. You know the number three is under her John Carlin head of the National Security Division in a bomb administration Lisa Monaco is a top dog there. Do you know who authorized the Russiagate investigation? Those two individuals and they briefed Obama on it it's no surprise they're running Merrick Garland's DOJ so everything goes back to them and of course Obama knew Brennan and Clapper briefed him it's now public remember the Susan Rice email that she wrote on the eve of leaving the Obama administration as a CYA all were in on it and Susan Rice is in the White House up until about six months ago. There's no way Obama's fingerprints aren't all over this thing you're correct to say it all
Dan Bongino: The Obama White House Got Away With Everything
"For two years, a little over two years. The Obama White House was one of the most insulated crime family like operations I've ever seen. They got away with everything. The media wouldn't report on the bad stuff. The Obama team would filter them information that the media would dutifully run with. Remember Ben Rhodes, the messaging guru from the Obama administration? Remember what he said? Oh, they're all idiots. Remember this mic? He's like, they don't know anything about international affairs. All these press people are stupid. They're young. They're out of college. Yeah, remember you that? You can go look that up, folks. Ben Rhodes makes fun of the media. He was an Obama guy, Bush guy. They dragged him around like little dogs all the time, the media. And they poured it on everything, like little golden doodle puppies being dragged around, because they were kissing Obama's ass so hard you could hear the sucking sound. Fart It embarrassing. was They were giving him They Fart. have no such love for Joe Biden or Hillary Clinton. They don't. I've been around these people on the press plane. Don't read what I'm telling you the wrong way. What I'm trying to tell you is they are die hard, dyed in the wool Well, activists, activists, the media. That's what they are.
"obama administration" Discussed on 77WABC Radio
"That the Obama administration has been spying on Donald Trump. Wasn't my opinion out of left field wasn't a conspiracy theory wasn't right wing. It was based on public information, obviously leaked by the Federal Bureau of Investigation that appeared in The Washington Post and The New York Times and so many other news outlets. I called them exhibit one exhibit too. That's why. I just started reading so wait a minute. Their spying on Donald Trump. Now we didn't have every particular every detail because they weren't provided. But we had enough. And of course, we came under attack, but after about a week or two or three, other people began to pick up on it. Other people began to pursue it. Members of Congress began to pursue it. Again, my goal isn't to be the first, my goal is to be right. And I use my brain I use my noggin, and that's what I saw. That's what I saw. Now, when this thing happened in Palestine, Ohio, this environmental disaster, they were talking about derailing, I took another position, I guess it was unpopular. I said, wait a minute. What exactly happened here? We don't even know. Derailing. We've commentators, so called conservatives really suit a concern. They're already. They're all ready to do what? The decapitate the chairman of the railroad company. Okay, fine. But what happened? And then we have people out there talking about Donald Trump. That the regulations that Donald Trump rolled back are to blame for this wreck. Because that propaganda came from The White House and was regurgitated on MS LSD, the constipated news network, the New York slimes, the Washington compost, which in fact Len Kessler has fixed their position, and all over the place. That was Donald Trump's fault. I'll give you a little taste of this. Here we have Joe Scarborough. Last Friday morning. Cut one go. The thing is, just to show how hypocritical Donald Trump and the Republicans are being that are criticizing Joe Biden's response, they should immediately Joe Biden should immediately propose a bill that reverses every one of Donald Trump's deregulations that made train train safety more tenuous. They could do that. Just to show the hypocrisy. And let's see how many, let's see, watch how quickly that Bill is killed in the Republican House. The democratic Senate could push to try to pass it. See how many Republicans in the Senate kill it from even being voted on because they're interested in deregulating these sort of events, making it more dangerous, which regulation you're talking about, Joe. You don't even know what you're talking about. You talk in platitudes, you open fortune cookies, you see a statement in the regurgitator you think it's genius. So you spit it up the next morning. You don't even know what the hell you're talking about. But you know what, ideological side you're one, and that's all that matters. And more, cut to go. It is a problem for all the Republicans. This is a problem for Donald Trump that are attacking Jack, say, other Republicans who are attacking Joe Biden's response, they've been pushing dereg one deregulation after another deregulation after another deregulation. At his Pete Buttigieg said, even deregulations that seem to line up that could have prevented this crash possibly. All right, so again, what is he talking about? He's not talking about anything. He's creating a counter narrative. We're over three weeks Joe Biden is no intention to go into this town for the reasons I told you. It's Republican. They have those civil rights effort there. It goes counter narrative. Here you have a train going right through this community that's white. It's not minority. So for environmental justice, and he would be yelled at. Because of the outrageous, laziness of this administration. When it came to this, horrific event, and yet they jump into action when it comes to other events that they think are politically beneficial to them. And then we have this headline. From today's Washington compost by Glenn Kessler is a liberal. But he's their fact checker. Quote, Donald Trump, February 22. I had nothing to do with it. That's president Trump asked about criticism is pulling back rail regulations. He says Trump's comment during a story of east Palestine was widely interpreted to mean that he had nothing to do with regulatory rollbacks. During his presidency, an odd remark since he frequently celebrated how many regulations he had eliminated. So what? That's a good thing. They act like states don't have any power. Stephen Chung a spokesman for Trump's 2024 presidential campaign said Trump was speaking more generally. And so forth and so on. Let's see. Trump is speaking more generally by regulatory changes being falsely blamed for the derailment. Biden administration officials have strongly suggested that the Trump administration buckled under pressure. From rail industry lobbyists laying the groundwork for an accident. So there it is. Biden, if it's not Putin its Trump, if it's not Trump, it's the American people. We decided to examine every possible regulation or regulatory change made under Trump that could be related to the accident. And assess whether it could have made an impact, a preliminary report by the national transportation safety board, which is investigating the incident, said the Norfolk Southern crew received an alert. About an overheated wheel bearing and was trying to slow the train before it came off the tracks. I mean, that sounds like a very difficult
"obama administration" Discussed on Bloomberg Radio New York
"This is Bloomberg best on Bloomberg radio. This is Bloomberg best. I'm Ed Baxter. And I'm do these Pellegrini. Denise are we really heading into a true recession? Well Christopher smart, chief global strategist at berings investment institute at well, he doesn't necessarily think so. How smart we should mention also served as an economic adviser in the Obama administration. And Bloomberg cheryan and Heidi strode watts caught up with him to ask him about the economy. And they also asked him whether lifting U.S. tariffs on China is a good idea. Let's listen in. The tariffs, I think were put on at a period of time to punish China for a variety of its economic policies. None of that seemed to work. None of that has really done much to alter the trade deficit either. So I would repeal the tariffs on those grounds alone. It will have a marginal marginal impact on inflation. And for that, if that's an additional reason for the president, that's great too. But it's a step in the right direction, but as I say, not necessarily going to solve the inflation problems, which are really fundamentally about interruptions in supply of energy food and a whole lot of other inputs to the economy. You've covered. Chris, and you've been cautious about the economic outlook for a while, and yet in your latest news to say that the U.S. consumer still looks strong. So what are you expecting in terms of consumer spending, demand, and how that's going to impact, for example, the equity markets and the consumer discretionary side of things. It's a weird slowdown we're in right now. I think because obviously the headwinds are pretty stiff with rising prices rising interest rates and signals from monetary authorities to fit in particular that they are very focused on bringing prices under control. Having said that, the U.S. economy is about as strong as you could imagine to withstand those pressures. Household incomes are still high and rising. It's a tight job market still. Companies have reported good earnings in the banking sector as rock solid. So I think you're going to see a slowdown. The risks of a recession are rising, but it's still not our base case that we're going to get a recession in the U.S. this year or next. How much concern is it when it comes to the psychological aspect of the inflationary mindset perhaps already being entrenched? That, of course, is the big question. And that, I think, is what spooked the fed a couple of weeks ago. Some of the surveys showed that long-term inflation expectations 5 years and beyond were starting to tick higher and I think that's where they felt they had to respond very vigorously and signal that they were going to take on the next few meetings with some significant hikes. The psychology of what gets built into both consumer expectations and then wage expectations is a very hard dynamic to break. And so that I think is why they're determined to head it off before it takes root. The great hope was really charter with that doubling down of COVID zero. Is there a cap on how much of a recovery we can see? I think we've all been caught off guard or but for being a little too complacent on COVID again and again and there's always some kind of a relapse that we're usually better able to handle and doesn't require us to impose very strict measures. I think it's very encouraging to see the trajectory of China has taken the last several weeks, but the new reports give cause for worry that it's not going to be a straight line back to back to normal. In spite of what the government is doing to show at least a little bit of flexibility and some targeted support for the property sector some areas of the banking sector and others. We've got out in live question, which tries to get to the bottom of what we see with crypto. And of course, there's two camps, there's always been two camps with Bitcoin and crypto to the moon and those that think that it's worthless. There's a lot of space in between, so I'm wondering where you think the dust kind of falls post pandemic with one of these pandemic darling asset classes like crypto. I am firmly planted in between. I think that cryptocurrencies distributed ledgers are going to be a very important part of the financial system in the years ahead. But we're going to go through several periods of shake outs, which is normal for any new technology. I have lots of questions around the business model around Bitcoin, even though that it is the largest and most popular cryptocurrency out there, but it has also shown that it is very much a risk asset rather than a store of value. And it is in some sense a bet on a business model that is very much yet to be proven, having said that, the work that central banks are doing, the fed, the ECB and others to bring some sort of digital Central Bank currency into the financial system. I think is to be welcomed, and you're going to see a lot of other stablecoin alternatives that will appear some will have about both their worth, others will evaporate into thin air as so often happens with leading technology. So that's where I stand on the Bitcoin question. Chris, of course, we're hearing about what's happening in the UK government and overall, a lot of people that we speak to these days seem pretty negative when it comes to the outlook for the economy and Europe. We are actually seeing dollar parity insight for the Euro as well. What are your thoughts about how this will affect what the ECB does next? And the markets because of it. Well, I think the great tragedy is this was going to be the year where Europe emerged from the pandemic with both supportive fiscal policy, relatively supportive monetary policy and strong growth drivers, particularly on the consumer side. And hit from the war in Ukraine, not just as a political or a humanitarian tragedy, is that there will be these inflationary shocks from primarily energy, but also food and other disruptions to the supply chain that will force the CB to tighten, which it has already signaled it will do. And a very sharp decline in growth momentum probably leading to a recession later this year or early next. How much of this story is really the flood back to the U.S. dollar, despite, of course, domestic recession concerns. Is this kind of reentering a period where we see king dollar again just because of the risk off sentiment? It's hard to see the dollar weakening substantially from here. As I mentioned, the weakness in the European economy puts the European Central Bank in a box. They probably can't tighten as much as they would like to. Interest rates will still be significantly lower than what they are in the U.S.
"obama administration" Discussed on Bloomberg Radio New York
"To the port in California one time since you've been in office And by the way Buttigieg Armando the last time they testified inflation was 1.4% I think it was But they took no responsibility So he's turning this into a competency issue Jim much like Republicans are with the baby formula shortage As a campaigner how do you answer that knowing the amount of time you have between now and November I think you don't I think what you do is say here's what we're doing to make things better I think you don't get in a tit for tat I think you don't want to be on the defensive as a campaign What you want to do is move an offensive argument When I run presidential campaigns I always talk about you have to win the economic argument And the winner of that argument wins the election And so I think that's what I would stay very focused on if I were the Democrat What are your thoughts on Joe Biden having been as close to him as you were in the Obama administration to see him at the helm now As a much older man in one who's dealing with a very different political climate Yeah look at some point it's a little Chinese curse maybe you live in interesting times The challenges in front of him the challenges that have fell leaders around the world are really really difficult right now And you combine COVID a war inflation These are really big challenges And the thing that I think is good is you've got a pretty steady guy who understands the challenges has been through every single crisis And it's going to not panic and not do dumb things and attempt to just get the policy right Because that's what presidents have to do They have to get to policy right Spending time with Jim Messina here on Bloomberg sounded on I mentioned the primaries Jim big wins today especially in Georgia I'm sure you're watching along with everyone Where we've seen a split between in the Republican Party between Trump nation or I don't know ultra maga And establishment Republicans certainly in the gubernatorial primary Where Mike Pence actually campaigned in person for the incumbent governor Brian Kemp Early voting.
"obama administration" Discussed on Bloomberg Radio New York
"We can use the Obama administration as kind of proxy and Republicans really stymied Obama's judicial nominations effort And that definitely could happen with spiders as well So it's been something that we've been talking about for Biden's entire administration of how much could they get done in these two years before midterms threaten Democrats on a majority I didn't understand what Graham was really saying because look as you say the Republicans president Obama's nominations I didn't understand what he was complaining about Right Well I mean this confirmation process for Jackson definitely brought up a lot of the woes of the conservation process in the past And it seems like maybe in the heat of the moment this comment was brought up An interesting thing to note though is that Graham has been pretty supportive of Biden's judicial nominees In committee and on the Senate floor So whether or not that would change if Republicans are in control would be a really interesting change or Graham in terms of the fact that he is supported a lot of the nominees while Democrats have been controlling us on it As you know he supported judge Jackson for her nomination to the D.C. circuit I have no idea what happened to make him so bitter In the meantime This is the first time I've seen grandma's questions all year He doesn't come to digital nominations hearings So he typically votes by proxy when the meetings come around And so it was pretty weird for the first time to see him in committee questioning a nominee and it happens to be a Supreme Court nominee a year into Biden's administration and it just is a huge contrast to the voting patterns that I've seen So it was really interesting and I'm just as curious about the motives of everybody else Thanks Madison That's Bloomberg law reporter Madison Alder Coming up next why the jury failed to convict any of the defendants in the plot to kidnap governor Gretchen Whitmer This is Bloomberg.
"obama administration" Discussed on Bloomberg Radio New York
"Look back at some of our favorite conversations from the past year one in which retail traders emerged as a market moving force That was a big theme of the year It really was a big theme on our next guest is on the board of corporate giants like Nike McDonald's and The New York Times he's also chairman co CEO and chief investment officer of Ariel investments We're talking about John Rogers He joined me in Bloomberg news New York deputy bureau chief chetia Brantley back in July and expressed concern that novice traders particularly from communities of color are not yet fully equipped for long-term investing success I do worry about it The good sign is we're getting more and more African American investors and places like Charles Schwab have really democratized the stock market and it's very cheap to get involved and you can do everything online and not be intimidating by traditional white shoe investment firms So all that is really really good But the downside is often this happened when the Internet bubble at the turn of the century we get pulled in the market gets sucked into the latest themes too often because we haven't been as engaged in the stock market as white Americans So I do worry that we're getting pulled into some of these risky areas and exactly the wrong time And we know the way that we came to this country the traditions that we had to fight against the Jim Crow and all the challenge that we faced in our community put us behind the 8 ball when it came to investing and getting comfortable in the markets And so again whenever we get pulled in I do worry sometimes it's late in the game Well let's talk about financial literacy and how that plays into alleviating your concerns Well you know I think we need to continue to do more and more We have just scratched the surface when it comes to financial literacy During the Obama administration I had the privilege to be able to be able to share his counsel and financial capability for young Americans And we talked to the president about how can we get more financial institutions to partner with urban public schools to teach kids about the market Give the kids real dollars to invest in real stocks Be role models for young people of color to get engaged in the financial services sector as career choices So I think we have a long way to go because this is so critically important that African Americans get exposed to the markets at young ages We know the wealth gap in this country has gotten larger and larger We've fallen further behind because of the historical discrimination that we face in this country So the way to catch up is to get folks involved in the best parts of the economy where the wealth and jobs are being created today and learning about the magic of compound interest and getting comfortable in equities because we all know when you get a job now you have to be your own money manager with your 401k plan So financial literacy is more important in this country than ever John how do we get there The reason I ask is I actually came across a Federal Reserve paper that was done by a researcher about ten years ago I think talking about the importance of financial literacy I think about someone like Warren Buffett who talked about compound interest like knew it when he was at a young age We have been talking about the importance of financial literacy across society for a long time And I wonder how do we really move the needle on this Because I agree that this is something that unlocks the financial is the key that unlocks financial wealth for more Americans and certainly for black Americans I think one of the things I talk about all the time my father bought stocks for me every birthday and every Christmas after I was 12 years old And I got exposed to the markets at an early age and loved it You know there's a program in Europe New York City rise that is doing that with young people getting kids into 5 29 programs that write in kindergarten and on the way And the aerial community academy that's now 25 years old we give kids real money to invest in real stocks and they get to see the money grow from kindergarten through 8th grade And I think that's just so important You got to get exposure get your hands a little dirty with the markets learning how to do the research seeing the inevitable ups and downs but seeing how markets steadily climb even after you have some ups and downs we come back from downturns and bounce higher So I can't overemphasize the importance for corporate America the work of public schools get public schools to have robust financial literacy programs and get volunteers from the corporate community to get in there and talk with kids about how to do the research And the magic of our capitalist democracy that really builds wealth over time Just a quick follow Should it be mandatory in schools I personally think that kids should be starting in kindergarten learning about financial literacy Make it part of the curriculum Do you think that's what needs to be done I think that's really critical I think that's exactly right I know local communities make the decisions on their own local schools It's hard to dictate that federally But I always joke with my friend Arne Duncan the former secretary of education that the French class is maybe not as important as that financial literacy class I think I've been to France 5 times in my life and I spent 5 years studying French Financial literacy is so important to our economy and so important to our country and all communities Well there have just been so many efforts if you will announced post George Floyd your organization has launched project black Can you just tell our audience a little bit more about that And what has been the response so far Well you know our co CEO created project black in partnership with JPMorgan Chase and Jamie Dimon melody hobson had this vision this idea that we would create a fun that would build stronger black owned and LatinX businesses and get them to scale We feel like too many of the programs are all about helping small micro businesses get small loans to build their businesses We feel we.
"obama administration" Discussed on Bloomberg Radio New York
"Perspectives and expert data driven commentary on breaking news It is time now for Bloomberg opinion We're welcome today columnist Allison schrager who has a column about the difficulty The Biden administration's having is in defining who is quote rich Allison thank you so much for being here It's a really challenging piece because I'm not sure there's an easy answer to it But take us through what your analysis of how in some ways it's a fool's errand Well I mean if you remember during the Clinton presidential run or even during the Obama administration they defined I mean I think when Democrats come into office they often have very ambitious social programs And they always have this promise The only the rich will pay And by rich I said it used to be 250,000 and with a Biden administration has been increased to 400,000 which is much bigger growth than inflation So it seems like we're always defining it up Partially so people feel like they don't have to pay And it just really shows how slippery our definition of richer middle classes Yeah and one of the points you make And it really bears repeating that as I understand the median household income in 2020 was actually $67,000 There are a lot of people who really fall way between the 67,000 to 400,000 Yeah I mean I think most American households considering 50% of them are earning less than $67,000 a year The quibble between two 50 and 400 pounds of stir This is far more money than they will ever make Yeah and one of the issues is for some extent all of us are going to pay for all of these programs right Because we're racking up debt Yeah I mean I think you know there are tradeoffs for any program but the sort of spending that we're planning on doing Not only with Phil Jack better but the existing entitlements we have to just taxes are probably going to go up for everyone anyway So this promise that only the rich will pay isn't really realistic anyway even if we could have a firm definition of who is rich and who's a higher earner Alison do you have a sense of where the $400,000 number even came from I don't As I said I suspect every time someone talks about 250,000 being actually a high earner You always have these thoughtful articles like well I live in the city and I make 250,000 and I've got two kids and I feel like I'm struggling and then there's all this pushback So I mean a lot of democratic voters are in coastal areas where there is a legitimately much higher cost of living So I think when they hear two 50 is rich that sounded crazy So that's probably why it got moved up to 400,000 because that is legitimately a lot more comfortable But I think honestly if you look at the latest iteration of build back better even they aren't really paying large taxes They are an investment income but the only tax increase on income is for people who make 10 million or more So I feel like this number is just getting really completely out of control Well and I think even for the ones making 10 million or more they tax only actually income rather than appreciation assets Isn't that correct If you have something that's not a publicly traded security or something like that that you wait until they sell it before you actually assess the tax Well that's actually an income tax People making 400,000 or more are going to pay more taxes on investment income But again this just speaks to how just ridiculous this whole exercise is because income and wealth are two different things If you're a family of say four on $200,000 and you're living in a coastal city also you probably don't have that much money in savings anyway So you could be a high earner by any metric but not necessarily have a lot of wealth So I think income is not always a great proxy for wealth anyway Certainly they're very tightly correlated but not always So one of the points I took from your comment least is there are just not enough people making enough money to just tax the very wealthy So approximately everyone's going to have to get tax to support these programs Yes And I think that's why any promise that don't worry you're not going to pay someone richer than you is going to pay It's always an empty promise because reasonable people can disagree on what the size of our welfare state is going to be But if we want a European sized welfare state we're eventually all going to have to come to terms with the fact we're all going to be paying European style taxes Have you done the work Allison to take a look at how much we could receive in revenue from as they say simplifying the tax code that is to say take a lot of whale other deductions I haven't looked I don't have the exact number in my head but I did study public finance as an economist And generally we always assume that broadening the base They take away a lot of deductions And actually lowering rate could increase the amount of revenue Instead we tend to always want to favor different special interests So we tend to just layer in more high taxes and more and more carve outs And instead we're seeing that a lot with the latest Bill which increases the deduction for people who live in high-tech states So actually that just creates a more loopholes to avoid taxes So if we really want to increase revenue we should get away with as many deductions as possible lower the rates and would actually raise a lot more revenue Did they do that during the Reagan administration They did And anyway I mean people like to talk a lot about the 90% marginal tax rates that you had in the 50s but they actually didn't raise much revenue We actually I don't know if we didn't raise more revenue because they cut taxes quite a bit in the 80s but considering how much they cut taxes revenue did not fall nearly as much as you would have thought So as an economist looking back at this what would you use as an example of something we should try to learn from To do this the right way I think we should if we really are serious about increasing revenue which is a good hard look at our taxes and try to do away with as many deductions as possible That's one of the reasons so many people have to hire accountants and especially low income people have problems doing their taxes It's so complex Make it simpler And if we really do want to raise revenue we might want to think about a consumption tax Maybe even a progressive assumption consumption tax because that is generally better for the economy over Like the Europeans have encourages investments to practice matter Thank you so much really great to have you with us It's Allison schrager You can read more on this and other stories from Bloomberg opinion at Bloomberg dot com slash opinion And on the terminal by typing in OPI and go coming up prospects.
"obama administration" Discussed on A Desi Woman with Soniya Gokhale
"Welcome back to another episode of a deysi woman. Podcast i am your host sonia. Go klay and the voices. I am seeking may have never been heard before but their stories deserve to be told. What is they see woman. She's the dynamic fearless and strong woman. She is your mother your grandmother your daughter your sister. She is every one of us. Who's on an endless pursuit of self empowerment and fulfillment. I am stone. Iago klay. And i am a deysi woman. Hello and welcome to another edition of abassi woman. Podcast i am your host sonia. Go play and today. We are delighted to be joined by ashwani jane. Aschner jane is seeking the democratic nomination.
"obama administration" Discussed on Bloomberg Radio New York
"Permission from the Obama administration to go ahead and hire these people They hired some sort of middle managed relief companies that recruit from intelligence And then they hired some people It would appear directly from U.S. intelligence Agency There's nothing wrong with that That's perfectly legal But these people after they were initially hired to protect the computer systems of these foreign countries some in some cases they were asked to conduct surveillance on other people And on innocent civilians political activists journalists critics of the government and in some cases they were asked to hack into the phones and snoop on American citizens which is against the law And you say this created new vulnerabilities for the U.S. Yeah so now this is a fairly new problem the fact that the United States intelligence services have so many people who are trained in surveillance spend in protecting Americans from hacking and sometimes scooping in on our phone conversations and our computer exchanges Those skills when they become available in the private sector the United States government does not always know where those skills are going And there is an opportunity for foreign governments to hire people of them very large sums of money and then turn them into doing things that are at the very least particularly questionable and in some cases legally Bobby it seems like it's a good time to be a hacker Who is hiring them Well actually every government in the world that has computer systems that are vulnerable to being attacked by hackers will also want to recruit hackers to protect their own systems because the principle is that who better to protect against hacking than another hack or somebody who knows all the vulnerabilities of the system and can protect you But the trouble is that they will always be some governments and I'm thinking about Iran and Russia North Korea and a few others that will use the hackers that they hire to hack into the computer systems of foreign governments quite often to hack or try to hack American government systems that have been any number of reports of attempts thousands upon thousands upon thousands of attempts to hack into very sensitive American infrastructure power plants for instance nuclear installations And then in the private sector you'll remember there was that famous case a few years ago when sunny movies were hacked into by the North Koreans This is a whole new area new tracks are being invented practically every day because this expertise is now widely available in the mine Indeed we are at a time when the public is seeing and being affected by cyberattacks like never before You mention a whole bunch of entities at risk but who do you think has the greatest vulnerability right now Governments or these private entities Governments are the ones that are being attacked the most So the United States government has attacked practically every second of every day by hackers from somewhere on the other And some of those hackers are from within the United States But governments also have large budgets and large numbers of people working to deflect these attacks or protect us against these attacks So there is almost if you like a balance of threat and protection there But private companies don't always have the resources to protect themselves in the same way The big corporations you assume you hope spend sufficient amounts of that budget in protecting their data systems But even then every now and again we'll hear about a huge factor has resulted in credit card information being exposed or stolen even from big corporations And so you can imagine that that's what's happening with large corporations imagine how much more vulnerable a small businesses we are speaking with Bloomberg opinion right or Bobby dosh While the attacks had happened in the last decade led to more demand for U.S. tech You write that D.C. was late to hear a can of worms being opened Why did you use that analogy of a can of worms Well because this was so new we didn't realize that this was going on In the drive to protect American systems from being hacked that U.S. intelligence agencies hired and trained large numbers of people We may never know exactly how many people but we are certainly talking about tens of thousands of individuals who are hired and either because they already had the skills or higher than trained to acquire the skills necessary to protect the United States Now when American soldiers retire they can go and work in the private sector There's nothing illegal about it And there's not a lot of potential except in Hollywood movies for them to do bad things with the things they learned when they were in the military But with cyber specialists the opportunities to break the law exist and the temptations to do so are quite great I mean some of these governments that have been hiring hiring American hackers for hire are paying enormous salaries to very very young people running into a hundred sometimes more than a $1 million One of the people I spoke with was a former intelligence operator who was very well aware of the trends in the sector he described it as the kind of money that allows people to buy a Ferrari in their first year Now those temptations plus the access to international networks and access to tools that were developed in the United States can give a foreign government be enormous advantage And as well as the ability to snoop into what's going on in the United States even governments that we would think of as being our ally Have that ability So the United States government didn't see this one coming It is trying to catch up now it has but you the Justice Department has pursued cases against individuals who were emerging in this kind of activity And is trying to use them as examples for others to be to be aware that the U.S. government is being attention Thanks Bobby That's Bobby gosh and opinion editor and colonists covering foreign affairs coming up on Bloomberg opinion the major downside to.
"obama administration" Discussed on KQED Radio
"The PBS news hour in for Jenn White in Washington after a coup on Monday. Teachers and doctors are now part of growing protests against the military and Myanmar. They aren't the only country facing unrest. Thousands have been arrested during anti Putin protests in Russia. Diplomats are now being expelled, and India's government tried to squash demonstrations there with a massive Internet blackout. How will the U. S handle all this? We'll see if Joe Biden gave us any hints during his first public remarks on foreign policy since becoming president. Joining us this week are Nancy Yusef, National Security reporter for The Wall Street Journal. Nancy. Thanks for being here. Thanks for having me Joyce Carol is also with us. She's Washington correspondent for the National Choice. Happy Friday. Welcome back. Do you two and them and we are thrilled to welcome back. Indira Lakshmanan Sheas, senior executive editor at National Geographic, Indira, Great to have you back Great to be here on the Well. On Thursday, President Biden announced plans to halt US support for a Saudi led military offensive in Yemen. This war has to end And to underscore our commitment. We're ending all American support for offensive operations in the war in Yemen, including relevant arms sales. Now that move fulfills a promise that Biden made on the campaign trail. Nancy for those who haven't been following along with the details. What has been the impact of that Saudi backed offensive in Yemen? What are they doing? And why was the US supporting them? So the Saudi led coalition was fighting a war against the Iranian backed Houthi is in Yemen. It is lead to a catastrophic human disaster there. A quarter of a million people killed mostly by starvation and real no real progress and the status of governance in that country. And so many blame the United States for the exacerbation of The human rights catastrophe there, And on day again, it became a proxy war for regional control. And so I think there was a feeling that the United States effort hadn't led to any enduring gains for any aside, but rather protracted this conflict in which Millions of civilians found themselves in the middle and then see when you say many blame the US. What do we mean, when we talk about support weapons money? What? So it started as intel sharing, helping coordinate strike campaigns, And the problem was that many saw those strikes rather than killing. Um Houthi back rebels, military leaders. Killing civilians. And then the remember the story back in the Obama administration and then the United States push back a little bit and by 2018 and halted, um It's a aerial support of four for those strikes and has really retracted since then, but in the early phases of the war, rather than sort of gearing Saudi Arabia some salt as enabling a military campaign that was doing more harm to civilians than two adversaries. Well, Joyce Biden's national security advisor Jake Sullivan, says the U. S. Plans to quote, play a more active and engaged role in the diplomacy. Efforts to end that conflict. What role is the U. S currently playing on that front? What would change? Yes. And the full sure e mean what we saw yesterday from the administration. The whole thing of the offensive support. We still don't know. Actually what they mean by that, For example, the Saudis considered all their war efforts as defensive. So does that mean our sales? Does that mean drone supplies or internal sharing? We don't know yet to what Sullivan said yesterday. I think what came out from the administration. The appointment off Tim Lender King as envoy to the war in Yemen is significant by the Biden. Team. This is the first American envoy that will be addressing the conflict for those who know him. He hey, has worked on the Middle East on middle at the State Department. Since 1993. So he's definitely eyes in your figure in that role, but at the same time, you know, saying we're holding support we want to resolve the conflict is easier. Said. Then done. I mean, as Nancy mentioned, it's a big humanitarian catastrophe Catastrophe. Um you have, for example, save the Children estimates that 85,000 year many Children. Under the age of five have died since 2015 in Yemen, so American policymakers have to address the humanitarian problem ongoing in Yemen. But they also have to bring all the many stakeholders to the table. Those have different interests between the northerners and the southerners, and at the same time work with the tribes and with the outside stakeholders, including Saudi Arabia and Yemen. Hopefully we already beginning off complicated diplomatic process to get to a settlement for the four year war over there. Indira Nancy mentioned the Hootie's the Trump Administration. We should remind people had labeled Houthi rebels, a terror organization that Biden administration says it wants to review that decision just to remind folks who are the Hootie's. What should we know about them? Right? The HOUTHI czar tribe in Yemen who have gotten support in this war from Iran. And that is really the reason why, you know the sort of irony here. Beneath all of this is that it was under the Bide administration and Tony Blinken, now secretary of state. But you know, President Biden's long time Ah, foreign policy adviser. It was during the Obama administration that Iran allied Hootie forces took over Yemen's capital in the fall of 2014. And it was at that time that the Obama administration perhaps somewhat reluctantly, but they did go along with supporting the Saudis, with all the kinds of weaponry, logistical and intelligence support that Nancy outlined. On DSA. So you know the Saudis as well as the Gulf allies, including the U. A. E. The United Arab Emirates began all these airstrikes bought all these billions of dollars of American weaponry, and the idea was to oust the Hootie rebels from northern Yemen. Part of the issue here is that I think the Obama administration went along with supporting, you know Saudi Arabia and U A E on this because Iran you know the Iran nuclear deal was ongoing in 2015..
"obama administration" Discussed on KQED Radio
"So, as you say, this is ah multi sided war. It's a proxy war in proxy wars, countries, arm and support fighters in another country to achieve their own broader geopolitical goals. As simply as you can tell us about on the one hand, Saudi Arabia and the United Arab Emirates and what Iran, on the other hand, is trying to achieve all by fostering this fighting in Yemen. It is important to take it back a step that there was or there was certainly going to be a Yemeni civil war. It went up geometrically when the Saudis and eh Moratti's came in at the end of March, 2015 because of their concern about the houthi and certain state. And its connections to Iran. The Emiratis came in. I think for a slightly different agenda, which was to secure sea lanes, but it's not truly a proxy war. The Iranians are engaged, but not at the level of either fighting directly as the Saudis and the Moratti's do, nor in the level of their support for the Houthi. I would call it a civil war that's been regionalized rather than calling it a proxy war. So let's bring it to the U. S. Then Joe Biden says the U. S will no longer support Saudi Arabia is military campaign in Yemen, including by cutting off arms sales to Saudi Arabia. We should say that U s support for this worse started under President Obama when Joe Biden was vice president. Why was it worth supporting the effort then? But not now. I think there was a miscalculation under the Obama administration to be Frank. That this could be a very short, quick and easy war during the Obama administration. They also were actively involved in trying to find a peaceful, negotiated settlement. There was a little bit of a bipolar policy. But there was a great deal of work on the part of Secretary Kerry to bring the war to an end. Under the Trump administration, there was no effort to try to bring a peaceful solution. To this war and the military support to Saudi Arabia became much more of a blank check. Well, apparently won't be under President Biden. But we should say that he is not abandoning Saudi Arabia militarily by any means. He says the U. S would continue to help the Saudis defend themselves against missile attacks. From Iranian backed forces in the region. Let me just have to tell you that, By contrast in the presidential primary debate of 2019, Joe Biden said, I'll make it very clear. We're not going to, in fact sell more weapons to them, meaning Saudi Arabia. We're going to make them pay the price. And make them in fact, the pariah that they are. What do you make of this contradiction in his statement is a candidate and his pronouncement is president. Well, I think that recent announcements are far more nuanced. President Biden also announced and I think it's important to take this beyond just military that U. S a idea would step up its humanitarian assistance. And that we will have a special envoy for Yemen and further he made a very clear commitment to support the U. N peace efforts. So this is not an abandonment of Saudi Arabia, but it is an effort to shift this to humanitarian and a negotiated settlement focus. So with the president's declaration. What what happens next? Saudi Arabia says it's going to be working toward a political solution. What's the likelihood of that? I think we will move towards the political solution now or at least I think we now are on a path. Toward a possible political resolution of this now, even if the Saudis and all of their operations It is not going to bring instant peace. And I think what we're going to see is far more of a Saudi houthi syriza of talks and arrangements led by the U. N. But with the United States far more of an active supporter and facilitator than we've been In the last four years. Barbara.
"obama administration" Discussed on WLS-AM 890
"Now It's been a few years. But I've seen this movie the movie before, and it ends poorly. David Hochberg is the V P L London for Home Side Financial. Let's start with that David and work backwards. Are you seeing what was just reported? This is from the Wall Street Journal, by the way earlier this week in a wanted to talk to you, But you were out of tone, so I'm glad you're back. How does this does this sound kosher to you, sir? Oh, yeah, And I have to respectfully disagree with your assessment that it ended poorly, Um, flashback to Obama Administration one. They came out and offered everything. There were blood in the streets. Do the banking industry implosion and home values were decreasing. You know, it's like catching falling night. He as you remember the 40 50 60 and some let's go back. Just hold on a second. Just we're gonna be historically accurate. This happened at the end of Bush 43. I'm talking About right. The housing crisis. So you know Obama was left with the mess, but that being said, I mean, are we walking into the same trap again? That's my question. No, I don't think we're walking in the same trip again because back then, if he had a pulse, you could get a mortgage. Now you need to give a DNA's sample and and and and and part of your kidney to get a Sleep, You know, alone today, you know, And I joke around like, if you're doing fraudulent laws today, you'd you'd have a better shot of making meth in your bathtub. Not that I recommend doing either, too. But what with the safeguards that they have in place right now, Um, it's a completely different market that it was 13 years ago when at the end of Bush and at the beginning of Obama won. So what that doesn't as a czar Listen, might not be You know, aware of a single home sale generates tens of not hundreds of thousands of dollars in transactions, right, You know, real tours and movers and pizza guys and just the economic stimulation that happens and I think that that's what they want to get going is create more jobs. You know, Movers have to move stuff. Um The furniture manufacturing companies have to manufacture furniture that's already out of 12 or six tweet team week delay time, So I think what they're looking at is an economic stimulus, and that's still Is that still the American dream to be a homeowner? Is that the best place to put your money to some people that want our homes It is and two others. That's why that we have apartments for people to rent, you know, So I mean, home ownership isn't for everybody. As we learned to know, seven await, like 60. I think the break even point back back in the day, John was like 62 to 63%.
"obama administration" Discussed on KTAR 92.3FM
"Is Arizona struggles to get Corona virus vaccines into residents Arms visor, offering to bypass the feds and sell its vaccine directly to states that could drive up prices. You're gonna have the states that have a budget surplus, outbidding the states that don't you know who suffers when that happens, It's low income people will humble with the Arizona Public Health Association also says the feds insure safe Applies and sharing among the states. But it's counties and states that need to put together the vaccination plans. The county's our public health retailers are state Health Department is our public health wholesalers. Humble says The Fizer vaccines storage requirements don't work well for smaller and rural areas, Peter Same or Katie, our news, Katya, our eyes on immigration Starting tomorrow, some deportations will be put on pause for 100 days. The Department of Homeland Security ordered the move yesterday. Phoenix immigration attorney on ETA The young notes. This is similar to what the Obama administration did years ago. We need that. Now it is giving discretion back to ice officers to immigration officers to judges. Deportations will still occur for those who pose a threat to national security or public safety, and for those who recently entered the country illegally. And now for a check on traffic years. Jasmine Scott live from the Valley Chevy Dealers Traffic center. We have traffic.
"obama administration" Discussed on Biz Talk Radio
"So I'm waiting for from our I T guy to give me a heads up on whether I go and change that now on the site that's not up on the before its launch or change as soon as it gets up, So I'm I'm waiting for that. But that's gonna change. Ah, little bit, not a lot. That's going to change a little bit. From what I've already made changes which you haven't seen yet. So keep an eye out for that scum. It'll probably be up some somewhere between them the 18th and 20th somewhere in that neighborhood. So we'll watch. I want you to watch for that. And we'll see how Hopefully, we'll get that out. There's gonna be a lot of changes, folks. I'll tell you this much. I am looking for a set of analytics that I'm going to start. Uh, following and one of the things that is, um That I have from the Obama administration. Because I think I don't think because what's going to happen is the same exact play. In the playbook of Biden is going to be Tourney out exactly as it's written from the Obama economic playbook and some of the play calls. That are gonna be made are things like making sure that BLS Department of Labor On numerous other Parts off. The administration, like the Commerce Department, and the census, pure are all going to be playing out of the same playbook. And They did a great job off that During the Obama administration. To a certain extent. They did a great job in conning what little bit of media that was not left leaning. To fake They didn't do a good job doing it or executing the plan play because it was laughable to me is always going on the government website using their own website, too. Indict them for what they had just put out. So maybe they'll do a better job than that. The Upside off. It is After January 20th. We will no longer have the party immediately. We will have the state run media. After January 20th. It will be if you're a journalist, you graduate. I guess you're gonna have to fill out off federal employment application or state run application. I guess I don't know. But you know the state run media Is going to run with the superficial. Headlines. That are put out. No matter what They're going to go with it. They're gonna run with that. That's why they're state run. So We'll see how how it goes. But that's exactly what's gonna happen. So at least I've got A somewhat of a track record here. Of with the Obama administration to give me a look. At the Plan. Anyway, Um We got two phones. Let me go to Darrell. Darrell's calling us from West Virginia. Hey, Darryl. Morning, sir. Are you, can you? I'm well, I'm glad that you exist and you persist in these frightening times of free speed limitations and state run media. I also enjoy your humor from the Northeast, So I don't know if everybody else do does, but I do. So thank you, Um, partner before Good, Martin. Partner for four years, and I didn't do the $20 a month, sir. But I did do an end of the year contribution that was the equivalent. And we'll plan to continue to do that. I know that that doesn't that messes with your schedule, but No, no, that that's a huge helped our own so grateful for that. Thank you. Certain my two questions or this Ki l 55 just got bought out, and I didn't know what your recommendations were. And then I had a separate question regarding my 86 year old mother. So tell 55 is, um You know, it is what it is. Right now. It isn't going to change. So whatever it is, at the end of, um I would say at the end of the week, but even.
"obama administration" Discussed on Biz Talk Radio
"Work. It is like the the corruption in the election. They weren't even smart enough to say Let's just do this. And if we go over 200,000 people more than Registered voters. It's okay. I mean, they couldn't even fix it. One of the mathematicians that did the analytical work said they just didn't do their homework. They didn't even try to make it. Look. Like it wasn't fixed. They made no efforts to look like it wasn't fixed. And so the numbers were manipulated. But they didn't do all their homework and manipulate them in a way that it was going to be hard to detect. And throughout the Obama administration, you can't manipulate one number, not the other. I used to on Lee use past and future BLS numbers, too, because there was nobody better to indict. The government numbers, then the government itself. I said it all the time. I don't need some conservative think think tank to indict the government they weren't smart enough to change their website. They didn't even do it. I mean, so you can't report number six months ago and have this number today. It doesn't It doesn't work. And that's what was going on. That's what was going on. Anyway, Let me go back to phones. 16 363 11 10. Uh, let me go to Gary in Texas. Hey, Dan, uh, income Investor morning in the morning tea to start moving over my funds from a 401 k or an irate with TD Ameritrade over two a Standard investment. Do I? Do You recommend any kind of a sequence where there are start with the high dividend paying stocks, move them or the low ones. Anything like that. Just comments on your part. No, I from a dividend perspective, It doesn't matter. It only matters that you maintain ownership in those companies and keep your cash flow. It doesn't matter where it is on the other kinds off stock. You want to move The you know the lowest number stocks, So if you have a start, that's up 40% and one that's down 10%. It doesn't matter what cos they are. Moved the one that's down 10%. Because.
"obama administration" Discussed on Newsradio 700 WLW
"To your radio as we get to the news and Matt Reese on 700 W. Out of this is 700 wlw. 700 wlw Dan Carroll For Scott Sloane. We'll be here till noon today, and this is one of those days where we're just doing a bunch of odds and ends and a lot of different stuff. I want to get to the briefing from the Hamilton County commissioners. Talking about the latest on the Wuhan Corona virus that's coming up at 10 o'clock, so we will join that live and get back to the action here as soon as that is over, but I was responding to a caller. I had yesterday and that call. It was challenging me to list other companies besides Solyndra that got all this money from the Obama administration to do a green energy deals and these companies went bankrupt. And so I I laid out pretty much ah lot of the companies where the executives walked away with hundreds of thousands of dollars in their pockets. After the cut, the companies went bankrupt. So that so the executives, the friends that the donors will Obama. They all did just fine. But their companies went bankrupt and the employees and the taxpayers we're left holding billions of dollars. In in I O U's and money that needs to be paid back and all the rest of just a complete waste. A complete waste of the If you really go back and look at the Obama years, which is all being whitewashed now. I mean, the fraud, waste and abuse that went on through that administration is absolutely staggering and breathtaking. So here's a list of some other companies that got money and and this and this is not. This is not a complete list. Some other companies have got money from the Obama administration in the pursuit of green energy. But a lot of these. He probably never heard of before. Like a Yes. Eastern energy storage. 17.1 million from a deal. We contract They got that in August of 2010 by December of 2011. They were bankrupt. Emmy Ox received six million in federal tax credits. $15.6 Million Grant from the D O. E. Department of Energy for research and Development, bankrupt in July of 2012, Babcock and Brown 178 million, the largest stimulus wind grant. So I guess this is a company was making wind turbines. They got that in 2009. They were bankrupt by march of 2009. That doesn't make any sense that that's all that data is wrong. But anyway that company went of going bankrupt Energy conversion devices. Received 13.3 million in stimulus They were bankrupted 2011 can architect knowledge is 20 million and grants from government agencies like the Department of Energy and the Pentagon to make solar panels they went bankrupt in 2012. All these other cunt. I mean, the list goes on and on. Here's just a couple That's that I remember and that that I talked about on my radio shows back, then abound. Solar. This one was a real beauty. On July 3rd 2010 Obama announced that abound. Solar Would get $400 million in federal loan guarantees. Telling the American people that abound will manufacture advanced solar panels at two new plants out of create 2000 construction jobs, 1500 permanent jobs. By July, 3rd on 2012 1 year later about solar was bankrupt. Investor's business daily says it was fortunate that abound only drew about 70 million out of the $400 million line of credit that they had courtesy of the taxpayers. There's another good one. Nordic wind power. In July of 2009. The Obama administration offered 59 million loan guarantees to beacon slash Nordic Wind Power Inc. So this was supposed to export our support the expansion of its assembly plant in Pocatello, Idaho. Where they were producing one megawatt wind turbines. Beacon Power, which is an energy storage company, was offered 43 million for construction of a 20 megawatt flywheel energy storage plant and Stevens Town, New York. That was in 2009. They said they were going to give him that money in October of 2012. Nordic wind power filed for liquidation bankruptcy There's another one Mass Comma Corp. Another Obama classic. This is a grifter of a company. They got $100 Million from the Feds. 20 million from the state of Michigan all why promising to create 70 jobs, a minuscule 70 jobs? In the town of Kin Ross missing Michigan. Which is a small town in the upper peninsula. Instead, mess comic created just three jobs in three years time. Three jobs in three years. On got 120 million in taxpayer money. The company was founded in 2005 by professors from Dartmouth College. And they wanted to implement technology that converts biomass into ethanol. So these geniuses from Dartmouth Managed to accumulate a deficit of 135 million. And in typical government sector ways. Of thinking and doing business. The CEO of the company, Bill Brady, was paid a total compensation of $5 million In 2010. And the company had filings with the Securities and Exchange Commission. And on one of those filings, they had the list risk factors. One of their risk factors was quote no experience in the markets in which we intend to operate. So that's the kind of company that got $100 million from team Obama to make bio fuels. So this caller just this numbskull who called me yesterday, insinuating that I didn't know what I was talking about. And that I was unfairly hammering the Obama administration for its environmental record, which is poor at best. Is that to be kind about it? Absolutely an abysmal failure. I just wonder what that I forget that caller's name and I wonder what that caller is thinking. Now, let's go back to the phones and we go to Indiana and talk to Mark Mark. You're on 700 wlw. How you doing? Hey, Mark. Good. Yeah. Dan, don't drop the phone Mark. Okay. Good question. Yes. I just think that's why this stimulus money coming out where she did Not. The reason I asked this week is because in Washington, they can't get anything done. But the federal government didn't shut down this country. It is the individual governors and mayors and cities and states to shut it down. Why doesn't the money come from the States stimulus money? Second reason that's a good question. $600 in Indiana is Worth a lot more to me than $600 took person in California or New York or Boston, where the cost of living is a lot higher. So if in California thanks that they need to get 2000 letter give it Of Indiana says now 500 good enough. Then leave it 500. What to meet? Why does big the federal government didn't shut down this country? It's the states and there may I mean together, says the mayor's did it. So that's my question. Well, it's a good question, Mark, and I think if you look at budgets of state, the state the state you're gonna find that the states have have absolutely no room to make those kind of expenditures. Uh, I would say that that I know there are some states and off top of my head. I don't know which ones they are. But there are some states that have ballot budget nor balanced budget amendments. And so they're not allowed to exceed the amount of money that they that they bring in, which is probably a good thing, unless of course for emergencies and things like that, and I don't know something like this would qualify as an emergency. I don't know. In Indiana. We have We have actually surplus money and Indiana because we've got a rainy day fund set up in there when you When you're the governor of a state toe, Look to Washington, D C and have a have a truckload of money rolling in that you could you know you can pass out to the people instead of trying to come up with that money yourself. So It's just It's just the way of things that Z Congress is gonna be. The one that decides is open up Treasury and send out checks. Okay, But you gotta look at Ron Paul down, and then the senator out, Kentucky says we don't have the money in motion to neither. So well, that's true. You know that they don't have the money, so the states don't have that If you say the state still has the money, But to me again, the main corporate in this is the governors and the mayor's have shut down this country. It's not the federal government Shut it down. In my opinion, Well, you're right about that. And some states have not said Christie known didn't shut things down to South Carolina. Uh what? What's the governor's name down there in Florida? He had two Santas, Rhonda Santas. The, uh I think initially he shut things down. And then then he after a few weeks of looking at it said You know what? This is crap. And you know the state of Florida that I was there. Ah, couple of times this year, and everything was open. Now people without asking stuff like that, But for the most part, things were open. I think the bar's closed early. Don't stay out. You see? Stay out of bars. As late as I used to. You know what I mean? Oh, yeah. What do you know? I'm proud of myself now, like I could go out to a bar Rose. I was out of the bar with some friends the other night and well, it was more than the other night..
"obama administration" Discussed on Newsradio 970 WFLA
"Interesting story today at a time when I know the attorney general is coming for Lot of criticism from from Trump supporters. It's your story, not getting a whole lot of attention here, but a little bit. Special counsel Derm is expanding his team examining the origins of the Russia collusion. Problem me tell you what could end up happening? Your friends? Well, 1st 1st. I'll give you the update This story. Fox News has learned that during the U. S attorney for Connecticut, who bar pointed in October, a special counsel's adding prosecutors to his team. And it's unclear who they are. But Fox is a supporter that Jeff Gents Jeff Jensen, the U. S attorney for the Eastern District of Missouri, staff of the just Department. February review, The case of former security adviser Michael Flynn was helping the terms investigation. So this is this is interesting. That term would be expanding his team at this phase. Now it was a special counsel. Makes it a lot harder makes it a lot harder for anyone to Um Just shut this down and abide administration, not saying it's impossible, but it makes it more complicated makes it more politically costly. And here's what I see happening if they shut it down. We've already established cause they said this under Trump if they shut down, they they told us that if Trump shut down the special collusion I'm sorry. Special Counsel probe into Russia collusion if they shut that down. They would impeach him just for shutting it down. We might be able to take the house back in two years. And depending on what this during probe finds, Wouldn't it be fair play? Wouldn't it be justice? Dare I say. If term gets the goods on Biden and members of the members of the Obama administration. I mean, who knows what he's really gonna find here, right? But people from the Obama administration who could be back in the bite administration And bide inward. Do shut down the Durham probe or even try to Maybe it's time for a little Democrat impeachment process on. Maybe we'll see how they like it. You know that this could happen. No, it's a ways out. But if we do have a full accounting of Russia collusion we will see is the Democrats are a bunch of corrupt Deep state liars. And their disgrace. And that the Obama administration that Joe Biden was a part of At a very high level was also a complete and utter disgrace. So don't don't give up entirely on this. I said Durham wasn't going to get it done before the election. I didn't realize that there was going to be a special counsel appointed after the election, or that he would be appointed as a special counsel. And this could this could change things. Quite a bed. There's this could be Very, very relevant going forward because friends the Russia collusion stuff was it was atrocious. And we know enough now to know that everything we've said about how bad they were and how awful and egregious their actions were. We? We were telling the truth. We were correct. And they were lying about this stuff. So Durham being able to find out Maura here and get to the point where he's able to hold people accountable. I think that could really Make a big difference. Down the line. Not right now. But down the line. We're this is a long fight. Friends don't don't feel dejected. Don't feel like You know, always lost right now. I understand. There's a tough week with the Electoral Electoral College. Today, and this is not an easy time, but we still have a lot of fights ahead and the Democrats are gonna have their hands full. And I hope this during pro makes things a whole lot more challenging for them, That's for sure..
"obama administration" Discussed on KTOK
"Jeff Jensen, the U. S attorney for the Eastern District of Missouri. Stop with just department. February Review The case of former security adviser Michael Flynn was helping the terms investigation. So this is this is interesting that germ would be expanding his team at this phase. Now it was a special counsel. Makes it a lot harder makes it a lot harder for anyone to Um Just shut this down and abide administration, not saying it's impossible, but it makes it more complicated makes it more politically costly. And here's what I see happening if they shut it down. We've already established cause they said this under Trump if they shut down, they they told us that if Trump shut down the special collusion I'm sorry. Special Counsel probe into Russia collusion If they shut that down, they would impeach him just for shutting it down. We might be able to take the house back in two years. And depending on what this Durham probe finds, Wouldn't it be fair play? Wouldn't it be justice? Dare I say. If term gets the goods on Biden and members of the members of the Obama administration. I mean, who knows what he's really gonna find here, right? But people from the Obama administration who could be back in the bite administration And bide inward. Do shut down the Durham probe or even try to Maybe it's time for a little Democrat impeachment process on maybe maybe we'll see how they like it. You know that this could happen. No, it's a ways out. But if we do have a full accounting of Russia collusion, what we'll see is the Democrats are a bunch of corrupt Deep state liars. And their disgrace. And that the Obama administration that Joe Biden was a part of At a very high level was also a complete and utter disgrace. So don't don't give up entirely on this. I said Durham wasn't gonna get it done before the election. I didn't realize that there was going to be a special counsel appointed after the election, or that he would be appointed as a special counsel. And this could this could change things quite a bad this. This could be Very, very relevant going forward. His friends. The Russia collusion stuff was it was atrocious. And we know enough now to know that everything we've said about how bad they were and how awful and egregious their actions were. We? We were telling the truth. We were correct. And they were lying about this stuff. So Durham being able to find out Moorhouse here and get to the point where he's able to hold people accountable. I think that could really Make a big difference. Down the line. Not right now. But down the line. We're this is a long fight. Friends don't don't feel dejected. Don't feel like You know, always lost right now. I understand. There's a tough week with the Electoral Electoral College. Today, and this is not an easy time, but we still have a lot of fights ahead and the Democrats are gonna have their hands full. And I hope this during pro makes things a whole lot more challenging for them, That's for sure. Way are living in uncertain times. There's.