TRANSCRIPT 🔗
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Welcome to the show.
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I'm Pearson Sharp, filling in for my good buddy David Pollack,
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who'll be back on attack by Monday.
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Now then, to the heavy stuff. Come January, Democrats run Congress.
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They've told us the plan.
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Open the border, spend your money, and spend two years
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going after President Trump.
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There's no mystery there.
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The real question is what we give voters instead, because
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Tuesday hurt. Democrats are at 54 Senate seats. They've been
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called winners in more than 250 House races. We lost Maine,
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North and South Carolina, Ohio, Iowa, Kansas and Texas. Mississippi
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and Alaska are still hanging. Yes, history is part of it.
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Clinton lost 54 House seats. Obama lost 63. The president's
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party always gets hit in the midterms.
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That's just how it works. But let's be honest about
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the rest, because that matters.
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Democrats banked the early votes while we didn't. Independents swung.
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And on the economy, the number one issue, we split
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the room. Gas prices tied to the Iran war didn't help.
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Nobody wins the kitchen table by losing the gas pump.
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Vice President Vance pointed to disaffected Trump voters who wanted
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the war ended, costs lowered, and America put first. Well,
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some walked away. We knew they might. We knew that
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we'd need them back. But here's what's getting missed. While
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our side chases the frustrated Republicans out the door, it's
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forgetting the ones still sitting inside.
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The base showed up. Don't take them for granted.
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Black and Latino working families gave Trump a chance in 2024.
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Trump won.
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Star County, Texas, the first Republican to do it in
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over a century.
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Why?
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We showed up. Faith, family, hard.
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Work, a secure border. Those were already their values. This time,
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they felt ignored. Meanwhile, the succession fight has started. Vance
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is the frontrunner, Rubio has kept his record clean, DeSantis
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is the lone outsider, and the establishment is circling, hoping
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to take the party back from the people who built it.
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Now look at Florida, a red beacon in a blue sea.
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Byron Donald's won, Ashley Moody held her seat, Republicans swept
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the cabinet, and Florida's first black governor thanked President Trump.
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Is Florida the blueprint for 2028?
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Maybe.
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One thing is certain, this party doesn't need to change
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its values to win. It needs to stop abandoning the
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people who share them, and it needs to force the
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establishment to go back to interacting with the voters instead
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of just their donors. Joining me now for a special
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midterms edition of Fired Up Friday, he's the founder of
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Operation Free Nation, and he's fired up about this week's midterms.
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Welcome back to the program, Chad Caden.
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Thanks for having me.
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Chad, President Trump keeps telling Americans the economy is doing great,
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pointing to investments, economic growth and falling inflation. But that
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doesn't mean much to a family that's still struggling to
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afford groceries, insurance and a mortgage. Is Washington completely disconnected
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from the economic reality facing ordinary Americans?
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And how do Republicans fix that?
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Well, and as a former firefighter, I was very used
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to my local fire politicians wanting to come by my
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firehouse when it was election time. We love it when
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you jump up on the soapbox and tell us how
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much you love us. And then as soon as you
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take office, all of a sudden we're a budget problem.
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We are not sure we can give you raises. We're
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not sure we can give you new apparatus that would
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keep you guys safe or give the job more efficient
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in order to save houses. So I bring this from
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a micro, but when you look at D.C., they're always
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going to be completely disconnected from the American people because
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that's the ivory tower.
Load full transcript
There's few that try to keep
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themselves grounded like a Tim Burchett and some others. But nonetheless,
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is once you get to go to a gala every
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night in Washington, D.C., and people are constantly kissing the ring,
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you find yourself in this egotistical little world that you
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don't understand. And you only listen to the people that
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have your number. This is where we call them gatekeepers.
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And essentially what happened here is a bunch of things.
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And I could go through it, but we ain't got
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enough time. So the way I'm gonna explain it to
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you is at the end of the day, the people
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do have the power. And when they choose to use
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that power, they can be very, very, very strong. Like
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we've seen with putting a Donald Trump back in office
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after losing or whatever you want to call it in 2020.
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So here we are.
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And the American people flex their muscles. Not sure I
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understand the protest vote concept because now we may have
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a button on our machines that say protest vote. I'm
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not sure.
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It looks like we're willing to sink the whole ship
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to punish one guy who's not responsible for all of it.
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But, but.
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We got the risk and the reward, right?
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Right.
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So now we got to find out if, in fact,
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the reward is going to be worth the risk you
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just put by putting the DSA in charge.
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We have to be honest, though, because President Trump was
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elected in part because Americans were tired of the endless
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foreign wars, and they wanted their government to put America first.
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And yet.
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Here we are, another war in the Middle East that
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we're fighting with Americans paying the price, specifically at the
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gas pump and really everything else. Has the war in
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Iran undermined the very America first principles that got Trump elected?
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The messaging of the Iran war has absolutely been a
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part of the cause. Absolutely. But whether or not the
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war is justified, there's been eight presidents prior to Donald
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Trump that said we need to do something about Iran. Afghanistan, Iraq,
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even all the way to, I mean, Afghanistan and Iraq,
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those themselves were the symptom of the problem, Iran being it.
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So Trump actually made a move. And if OPEC goes
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away and our gas goes to $ 1. 50 and we don't
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have to worry about the Straits of Hormuz, nor do
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we have to worry about having this wealthy terrorist organization
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in charge of a very wealthy country when the oil
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is pumping. is that going to make Donald Trump better
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in the history books or just the right now? That's
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what I'm saying. This, the messaging in the concept of
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how we've done the Iran conflict, because this has had very,
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we've had 14 losses of life from a helicopter crash. And,
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and I don't even think there's been a purple heart
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in this war.
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Right. Yeah.
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So at the end of the day, we need to
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start being honest with our messaging and stop being flippant
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about it. And that's something that I hope that the
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Trump campaign recognizes and we're seeing them making moves now.
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Now, here's something that I think right now, and we're
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still licking our wounds, but I think Republicans are overlooking
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that Democrats don't actually take control of Congress until January,
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which means Republicans still have nearly two months to pass
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legislation and confirm the judges. Shouldn't Republican leadership be canceling
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vacations right now, keeping Congress in session and doing absolutely
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everything they can to deliver on their promises before it's
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too late?
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Well, if I thought they were feckless, I would say, yes,
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you guys have an opportunity. But I don't. They're obstructionist.
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This is the establishment circling the wagon to hurt a very, very, very, very,
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very powerful person in Donald J.
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Trump.
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And they use their particular position to make him look
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really bad. I heard all kinds of people like Trump
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didn't pass a budget. I didn't know that they did that.
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I know that he can try to help. He can
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use the bully pulpit, all of those things. He's been
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kind of backed into a political corner. And now we
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have an obstructionist House and Senate. I'm not giving Mike
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Johnson a pass.
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No.
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And especially in the Senate with Thune. So I don't
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think they really give a flip, frankly. And I wouldn't
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expect a whole bunch of stuff coming out of the Senate, frankly.
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Okay, we've got About a minute left.
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So quickly, one of the most alarming things I saw
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coming out of this election was Texas. Greg Abbott lost
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the governor's match and Republicans lost a Senate seat and
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Democrats made enormous gains in a state that's been reliably
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Republican for decades. Quickly, is Texas a warning for what's
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coming to other red states and what can Republicans do
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to reverse that?
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Well, I'm in South Carolina, and I could speak more
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to that, although they were different in why we ended
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up with a Darlene Graham losing. Texas, I hope it's
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a warning. But as the saying goes, as Texas goes,
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so does the nation.
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Right.
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I hope that's not true. But I like sayings because
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they're usually true. So I hope that I think we
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might have missed our warning. And now it's going to
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be very complicated because even in twenty twenty eight, we
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mathematically can't get the Senate back. So even if we
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put a Republican president in, we have to take the
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House or we're going to have a split, a split Congress.
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Yep. All right.
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Chad, we're in trouble.
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Founder of Operation Free Nation, thank you for coming on
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the show and being such a little beacon of hope
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for us.
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You're right.
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Still ahead tonight, California is one of the most blue
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states country, but the policies affect how Democrats act across
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the nation. We look at what America might look like
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under a similar Democrat control. Then a police officer killed
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in a drunk driving incident, one that should never have
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happened because the driver not only didn't have a license,
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she was here illegally.
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We'll be right back.
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For all of our viewers out there asking where to
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watch One America News, we'd like to introduce you to
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OAN Live. OAN Live is the best way to stay
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on the link at the top of our homepage, oann.com,
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to easily sign up for the news and conservative talk
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you can't get anywhere else.
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To change direction Tuesday. Instead, they stepped harder on the accelerator.
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Democrats swept every major statewide office. Javier Becerra is the
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next governor. Rob Bonta remains attorney general. Fiona Ma won
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lieutenant governor. Shirley Weber stays secretary of state. Malia Cohen
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stays controller. And Eleni Kounalakis becomes the treasurer. And in
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Los Angeles, voters replaced one progressive mayor with someone even
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further to the left. Nithya Raman, a member of the
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Democratic Socialists of America who entered the race at the
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last minute, defeated Karen Bass. She becomes the first challenger
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in more than two decades to unseat a sitting Los
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Angeles mayor. So California did not reject the policies that
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created its problems. It rewarded the people promising more of them.
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Start with Los Angeles. About 44,000 people were homeless there
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last year, including 27,000 living without shelter. Rahman's own campaign
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admits
the city spends hundreds of millions of dollars every
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year on homelessness without enough accountability. And that four out
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of 10 people placed indoors through Bass's signature program returned
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to the streets. Her solution includes more government-built housing, stronger
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restrictions on landlords, expanded unarmed emergency response, and immigration platforms
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she calls Immigrants In, ICE Out. She once tweeted, defund
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the police. She now says LAPD should not get smaller,
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but she supports replacing officers with unarmed responders.
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For more calls.
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But apparently, public safety is most important service. Here's what
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she said in her first remarks as mayor.
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You know, I have spoken to leadership at LAPD already.
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In fact, I'm speaking to Chief McDonnell. I spoke to
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him earlier today and it was one of the first
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calls that I made because public safety is the most
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important service that the city is delivering to its people.
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It is hands down the most important service. And I
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want to make sure that that whatever happens over this transition,
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that we are prepared to deliver that service at the
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level that Angelenos expect when I take office in mid-December.
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So all Angelenos must be expecting unarmed officers with kind
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words and maybe flowers stop all of the crime in
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their city. That is the next mayor of America's second
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largest city, two years before Los Angeles hosts the Olympics.
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And Sacramento is not moving toward the center either. Governor-elect
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Javier Becerra says that health care is.
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A human right.
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And once California moving toward a universal single-payer system, he
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has not ruled out higher taxes.
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Why would he?
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He promises to make California a firewall against President Trump
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and boasts that, as attorney general, he sued the first
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Trump administration.
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More than 120 times.
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Rob Bonta has already filed dozens of lawsuits
against this
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Trump administration. California's top law enforcement officer has made fighting
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Washington one of his office's defining missions. Meanwhile, look at
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the state they're supposed to be governing. California's own fiscal
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analyst warns of chronic budget deficits potentially reaching $ 20 to
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$ 35 billion every year.
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The state has already.
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Confronted a cumulative $ 125 billion in budget problems over four years.
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California had the second highest average electricity price in America
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last year. In August, it had the highest rate in
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the continental United States. The median California home is valued
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at roughly $ 735, 000. Median rent is more than $ 2, 000. And
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despite politicians insisting that everyone wants to live under their policies.
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Another 216,000 residents left California for other states in a
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single year. Those are not Republican talking points. Those are
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government numbers. And yes, California remains wealthy. It has extraordinary people,
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natural resources, and the world's fourth largest economy.
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That makes these failures far worse.
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The state has every POSSIBLE ADVANTAGE, AND ITS POLITICAL LEADERS
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STILL MADE HOUSING UNAFFORDABLE, ENERGY PUNISHINGLY EXPENSIVE, AND GOVERNMENT STRUCTURALLY BROKE.
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WHY SHOULD YOU CARE IF YOU LIVE IN TEXAS, FLORIDA
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OR OHIO?
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BECAUSE CALIFORNIA DOES NOT KEEP ITS POLICIES INSIDE CALIFORNIA. ITS
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ENVIRONMENTAL RULES RESHAPE THE CARS YOU CAN BUY. ITS LAWSUITS
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CHALLENGE THE PRESIDENT YOU ELECTED. ITS REGULATIONS REACH BUSINESSES NATIONWIDE.
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When its spending promises exceed its tax base, Washington and
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therefore every American taxpayer faces pressure to.
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Help clean up the bill. California is not merely a state.
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It is the left's laboratory.
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Tuesday, voters handed that laboratory to the same party again
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and gave America's second largest city to an actual democratic socialist.
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The experiment is not ending, it's accelerating. Now the rest
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of the country gets to watch what happens when there
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is nobody left in power to say no. Joining me
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now is the host of Loud Majority Live, Kevin Smith.
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Welcome to the show.
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Thanks for having me.
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Kevin, California has sky-high taxes, rampant homelessness, and an affordability crisis.
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And now Gavin Newsom is moving to spare all 548
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death row inmates from execution, including convicted murderers. How do
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Californians keep electing politicians whose policies are clearly making our
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lives miserable?
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Well, you know, it's going to keep happening in these
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blue states. I mean, I'm from New York, and the
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mass exodus of New Yorkers down to places like Florida
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and Tennessee have made it even harder to elect Republicans,
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not only statewide, but in your local races as well.
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And for the people who live in California who don't
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live in Los Angeles, just know that California will bail
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out L.A., As we saw here in New York, the
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people of Buffalo, which is nine hours away from New
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York City, bailed out Zoran Mamdani.
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If you live on.
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The Canadian border here in New York, you are currently
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paying for the New York City subway. And if you
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don't think that's going to be happening to the people
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who live in Northern California up in wine country, they're
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going to be bailing out the homeless industrial complex down
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in Los Angeles.
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You got another thing coming.
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So Los Angeles just elected Democratic Socialist Nithya Raman, who
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wants more government housing, greater restrictions on landlords and immigration
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policies that.
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She calls immigrants in, ice out.
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What do you think Los Angeles is actually going to
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look like after four years of her policies, especially with.
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The Olympics coming in 2028? And how do we go
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from Karen Bass to this?
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You know, just when we think things can't get worse,
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they always do.
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Right.
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You know, and I've been warning everybody around the country.
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You know, if you can do it in New York,
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you can do it anywhere.
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And they did it in Los Angeles. And just as
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a warning to the people of L.A., it's not going
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to happen quickly. It's going to happen drip by drip
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by drip. You're going to be the pot. You're going
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to be the frog in the pot, not noticing that
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you're boiling. It's going to start with more quality of
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life stuff.
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Oh, so there's a few more homeless people.
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Oh, so there's a little bit more drug use.
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It's nothing new. And then it will cascade.
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If we compare it to New York, so far Zorhan
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Mamdani has passed one law in the year that he's
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been in office. but New York has gotten significantly worse
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because they just stopped enforcing the law. When you send
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unarmed peace officers to handle domestic violence cases, you are
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going to get more violent crime because the people have
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no way to defend themselves from lunatics.
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Exactly. And that's what's going to happen.
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Exactly.
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Rahman once supported defunding the police, and now, like you said,
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she wants these unarmed responders handling more of the emergency calls.
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Is this simply the same... defund the police agenda but
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repackaged with better marketing.
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Oh it's it's the exact same thing and and they
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keep talking about these social workers they're going to hire
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to handle these do they think that social workers just
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grow on trees oh.
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And by the way i don't interrupt you but by
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the way most social workers are women so think about
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them going to solve these domestic problems Oh, yeah.
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That's going to go over really well.
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You're going to have some 105-pound sociology major go deal
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with a guy who's been living
on the street for
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30 years who's like a hardened criminal, a hardened, mentally
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ill schizophrenic. Let me know how that's going to go
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when she gets thrown in front of a bus, which
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is going to happen, which is going to stop people.
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From applying for those jobs.
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Therefore, there will be none of those social workers, those
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mythical social workers that these people want to hire.
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Prop 39. What happened? Is this just the same question?
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Voters have no idea what they're doing. They just vote
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as they're told.
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That's really what it is. And it's also the way
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a lot of these propositions get worded. They're worded very cleverly.
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And Prop 39 was certainly an example of that, for sure.
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It's deception.
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At the highest form. They know these things are going
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to pass. But I will say this about California. They
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did stop Prop 40 and Prop 42.
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So those are wins.
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In a year where there were very few wins around
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the nation, stopping that wealth tax from going in may
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stop the slide of California, of the California exodus. I mean,
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it's only the sixth largest economy in the because every
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Silicon Valley tech giant is there. The minute they end
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up going to Austin, well, I guess they're not going
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to Austin anymore. I guess they're going to go to
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Nashville or Boise, the last two places where Republicans control
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in America. Soon you're going to start seeing all these
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tech bros. They're going to be taking over Collins Avenue.
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There used to be nightclubs. Now there's going to be
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Google C-suites.
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Yeah, it's so depressing, and we used to have places
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we thought we could run to, but clearly Texas proved
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us wrong. Kevin Smith, thank you for coming on the show.
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I really appreciate your time.
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Thanks for having me.
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Coming up next, a police officer is killed in a
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drunk driving accident.
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The driver, she didn't.
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Have a license, and she was here in this country illegally.
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Randy Sutton of the Wounded Blue joins me after the break.
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For all of our viewers out there asking where to
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00:21:43.380 --> 00:21:46.069
watch One America News, we'd like to introduce you to
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00:21:46.220 --> 00:21:48.930
OAN Live. OAN Live is the best way to stay
399
00:21:49.029 --> 00:21:51.190
up to date on the hardest hitting news and our
400
00:21:51.210 --> 00:21:53.809
talk shows. And the best part is OAN Live is
401
00:21:53.849 --> 00:21:58.670
only $ 4. 99 per month. Credible, honest, and unbiased reporting at
402
00:21:58.690 --> 00:22:01.109
a fraction of the cost of cable. So just click
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00:22:01.170 --> 00:22:04.589
on the link at the top of our homepage, OANN.com,
404
00:22:04.630 --> 00:22:07.450
to easily sign up for the news and conservative talk
405
00:22:07.630 --> 00:22:08.890
you can't get anywhere else.
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America keeps learning the same lesson too late. Laws that
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are not enforced before a tragedy cannot protect anyone afterward.
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A police officer and a mother of three are dead.
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The woman charged with killing them was allegedly driving drunk,
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had never possessed a driver's license, and according to federal authorities,
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was living in this country illegally. Now, ICE has lodged
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a detainer, but it's too late.
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The damage has been done. Those lives are gone. That
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is the problem.
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Our system repeatedly discovers that someone is here illegally only after.
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An American has already paid the price.
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Bridgeport police officer Cooper Whiteside and his longtime girlfriend, Brittany Islami,
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were riding his motorcycle through Danbury, Connecticut, early on July
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13th when police say a Jeep crossed into their lane
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and struck them head on. Cooper Whiteside spent his life
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running toward danger. He served as a volunteer firefighter, a
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rescue diver, and finally achieved his childhood dream of becoming
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a police officer. He had worn the badge for only
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two years.
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Cooper was 38.
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Brittany was 34 and leaves behind three children. The Jeep's driver,
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Melissa
Esperanza Ramirez Romero, faces two counts of second-degree manslaughter
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with a motor vehicle, DUI, and other charges. She has
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pleaded not guilty, of course. According to the arrest warrant,
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her blood alcohol level was.
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14.
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She tested positive for cannabis, and investigators recovered empty alcohol
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containers and a THC vape cartridge from her vehicle. Prosecutors
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also say she admitted she had never possessed a driver's license.
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Her attorney says she was born in Mexico, but had
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spent virtually her entire life in Connecticut. Federal authorities say
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she is here illegally, and ICE is now asking the
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state to hold her if she is released. And while
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police families confront consequences like these, part of the radical
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left continues threatening law enforcement as the enemy.
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The Squad Victory Fund, authorized by.
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00:24:33.220 --> 00:24:40.640
Alexandria Ocasio-Cortez, Ilhan Omar, Ayanna Pressley, and Rashid Tlaib, raised
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a record $ 2. 35 million this election cycle. Its rules specifically
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reject donations from the Fraternal Order of Police, America's largest
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police organization. The fund does not explain why. What message
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does that statement send while officers are being hunted down?
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The Fraternal Order.
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Of Police reports that 60 officers have been shot in
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ambush-style attacks this year. Thirteen were killed. Police officers do
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not need politicians rejecting them to impress activists. They need
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elected leaders who enforce the law, literally their only job.
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Protect the badge and act before another family is destroyed.
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This is not about denying anyone due process. It is
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about using due process to enforce the laws already on
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the books and building a system that identifies unlawful status
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before the only remaining response is an ICE detainer attached
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to a homicide case.
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Because enforcement... after the funeral is not protection.
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It is an admission that the system acted too late.
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Joining
me now is retired police lieutenant Randy Sutton, founder
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of the Wounded Blue.
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Thank you for joining us today.
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00:26:01.549 --> 00:26:05.170
Thanks for having me. This is a very, very important topic.
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Randy, we have a police officer and a mother of
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three dead, allegedly killed by a woman who authorities say
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was in this country illegally, driving drunk, and had never
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even possessed a license. How many more tragedies like this
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have to happen before we start taking immigration enforcement seriously?
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This unfortunate tragedy is one of a number of such
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tragedies that we have experienced over the years, and we
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don't seem to be learning our lesson at all. Now,
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the battle lines have clearly been drawn. This election cycle
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really impressed upon me that there is a division between
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within this nation that is getting worse, not getting better.
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And much of it centers around public safety, or in
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our case here, the lack of public safety. We have
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seen that these individuals who created this fund did so
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to undermine the ability of law enforcement to be effective.
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And they have been very successful in doing just that.
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They have.
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That is what troubles me the most about this, I think,
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because we know what the problem is. We know that
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we have laws to protect our people, and they're not
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being enforced anymore. And the problem is not that the
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politicians don't understand this or don't have the tools to
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handle it.
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I think the.
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Problem is that the politicians, one, don't care, or two,
489
00:27:45.849 --> 00:27:50.309
are not enforcing these intentionally. They want this to happen.
490
00:27:50.710 --> 00:27:52.789
And that's the horrifying part to me.
491
00:27:54.430 --> 00:28:10.839
It is absolutely irrational. advantage here of people knowing exactly
492
00:28:10.880 --> 00:28:14.869
what they stand for and elect them anyway. We are
493
00:28:14.950 --> 00:28:20.589
literally seeing the voters acting like lemons. They're dashing off
494
00:28:20.630 --> 00:28:24.150
the cliff, allowing people to be in office who don't
495
00:28:24.289 --> 00:28:27.589
care about
their safety. Not only do they not care,
496
00:28:27.609 --> 00:28:31.819
they encourage criminality. They look at it.
497
00:28:31.819 --> 00:28:32.099
And they.
498
00:28:33.930 --> 00:28:37.309
They seem to embrace it. And it's irrational to me.
499
00:28:37.390 --> 00:28:40.839
And yet we are electing these people. And we just
500
00:28:40.890 --> 00:28:45.019
saw in this blue tsunami that that just took place
501
00:28:45.079 --> 00:28:47.319
across this country. I can tell you this. I'm going
502
00:28:47.339 --> 00:28:50.150
to forecast this right now. What we have seen in
503
00:28:50.170 --> 00:28:55.599
the past will pale in comparison to the injustices and
504
00:28:55.619 --> 00:28:58.180
the death that we are going to see at the
505
00:28:58.220 --> 00:29:03.259
hands of criminals, illegal aliens, and those who commit crimes
506
00:29:03.319 --> 00:29:07.619
against the people of this country. We're going to see
507
00:29:07.640 --> 00:29:08.019
more of it.
508
00:29:08.220 --> 00:29:11.359
It's not just the police that are going to suffer,
509
00:29:11.400 --> 00:29:13.309
these police that are being targeted. It's the people they're
510
00:29:13.329 --> 00:29:16.869
intending to protect. So these politicians that are targeting the police,
511
00:29:17.150 --> 00:29:20.980
they're hurting us, too. And according to the Fraternal Order
512
00:29:21.000 --> 00:29:25.049
of the Police, 60 officers have been shot in ambush-style
513
00:29:25.089 --> 00:29:28.109
attacks this year, and 13 have been killed. Now, you
514
00:29:28.150 --> 00:29:31.369
have spent your career defending law enforcement officers.
515
00:29:31.430 --> 00:29:32.890
What's driving this violence?
516
00:29:32.990 --> 00:29:36.869
And do you believe that the political rhetoric from these
517
00:29:36.910 --> 00:29:40.359
people demonizing police is making it so that police can't
518
00:29:40.460 --> 00:29:42.720
operate safely in our country and that they're now being
519
00:29:42.740 --> 00:29:44.000
seen as legitimate targets?
520
00:29:45.339 --> 00:29:48.500
Absolutely. You know, I run a nationwide organization called the
521
00:29:48.519 --> 00:29:51.960
Wounded Blue. We're a nationwide charity that helps injured and
522
00:29:52.000 --> 00:29:56.509
disabled officers. I see this every single day. I see
523
00:29:56.529 --> 00:29:59.279
the tragedy. I see the heartache. I see the victims.
524
00:29:59.630 --> 00:30:02.319
I deal with the families of those officers who have
525
00:30:02.339 --> 00:30:04.660
been killed and injured in the line of duty. I
526
00:30:04.740 --> 00:30:10.329
see the heartbreak every single day. In fact, right now,
527
00:30:10.509 --> 00:30:13.190
I am at a conference right now where last night
528
00:30:13.309 --> 00:30:15.890
I spent time with the wife of a police officer
529
00:30:15.910 --> 00:30:19.160
who was murdered in the line of duty. Seeing the
530
00:30:19.200 --> 00:30:23.029
tears come down her face as she spoke about the
531
00:30:23.089 --> 00:30:26.150
needless death of her husband at the hands of a gunman.
532
00:30:26.170 --> 00:30:26.250
It.
533
00:30:28.190 --> 00:30:31.230
Breaks my heart. And I've been dealing with this for years.
534
00:30:31.859 --> 00:30:36.700
And here's what's happening. The encouragement of criminality by the
535
00:30:36.839 --> 00:30:41.039
political left is making it less and less safe every
536
00:30:41.119 --> 00:30:45.099
single day for law enforcement. Last year, more than 80,000
537
00:30:45.099 --> 00:30:47.660
police officers were physically assaulted in the line of duty,
538
00:30:47.700 --> 00:30:53.289
almost 90,000. This is unbelievable. And this is an increase
539
00:30:53.880 --> 00:30:56.329
by about 80% from just 12, 13 years ago.
540
00:30:56.349 --> 00:30:58.079
It is insane. And literally....
541
00:31:03.119 --> 00:31:05.579
It's going to get worse. I just wrote a book
542
00:31:05.619 --> 00:31:09.359
about this called Rescuing 911, The Fight for America's Safety.
543
00:31:10.039 --> 00:31:13.170
And this has been building for a while. The history
544
00:31:13.529 --> 00:31:16.049
that we have seen, the great lie of Ferguson of
545
00:31:16.109 --> 00:31:21.849
hands up, don't shoot, the George Floyd insanity has deteriorated
546
00:31:22.289 --> 00:31:27.700
the ability of law enforcement to effectively retain and hire
547
00:31:28.299 --> 00:31:31.380
police officers. So we are in a criminal justice crisis
548
00:31:31.640 --> 00:31:33.660
that nobody's talking about.
549
00:31:34.960 --> 00:31:37.220
What young man or woman out there would want to
550
00:31:37.700 --> 00:31:40.480
sign up to be a police officer after seeing the
551
00:31:40.569 --> 00:31:43.559
abuse that they suffer from not only the citizens, but
552
00:31:43.690 --> 00:31:44.759
their own lawmakers.
553
00:31:45.880 --> 00:31:47.680
Retired police lieutenant Randy.
554
00:31:47.460 --> 00:31:49.819
Sutton, founder of the Wounded Blue, thank you for coming
555
00:31:49.859 --> 00:31:50.240
on the show.
556
00:31:50.259 --> 00:31:50.890
I appreciate it.
557
00:31:51.609 --> 00:31:52.089
Thank you, David.
558
00:31:54.150 --> 00:31:58.009
When we come back, Paraguay's president is facing impeachment following
559
00:31:58.029 --> 00:32:00.690
the collapse of a prominent bank in the region. How
560
00:32:00.730 --> 00:32:03.299
the two events are related and why it may matter
561
00:32:03.380 --> 00:32:07.240
here in the U.S. Then the Democrats ran on two things,
562
00:32:07.420 --> 00:32:10.079
get Trump and the economy. But the numbers show the
563
00:32:10.119 --> 00:32:12.660
economy isn't as bad as they were saying. Corey Ruth,
564
00:32:13.019 --> 00:32:14.220
Emergence Global, joins me.
565
00:32:14.420 --> 00:32:14.779
Stick around.
566
00:32:20.200 --> 00:32:22.019
For all of our viewers out there asking where to
567
00:32:22.059 --> 00:32:24.740
watch One America News, we'd like to introduce you to
568
00:32:24.900 -->
00:32:27.609
OAN Live. OAN Live is the best way to stay
569
00:32:27.680 --> 00:32:29.869
up to date on the hardest hitting news and our
570
00:32:29.890 --> 00:32:32.490
talk shows. And the best part is OAN Live is
571
00:32:32.529 --> 00:32:37.329
only $ 4. 99 per month. Credible, honest, and unbiased reporting at
572
00:32:37.369 --> 00:32:39.789
a fraction of the cost of cable. So just click
573
00:32:39.829 --> 00:32:43.269
on the link at the top of our homepage, OANN.com,
574
00:32:43.309 --> 00:32:46.119
to easily sign up for the news and conservative talk
575
00:32:46.319 --> 00:32:47.579
you can't get anywhere else.
576
00:32:55.210 --> 00:32:59.650
Your bank account is frozen. Your card doesn't work.
577
00:32:59.710 --> 00:33:04.230
Your paycheck is trapped. Your pension is gone from the screen.
578
00:33:04.650 --> 00:33:08.339
Now, imagine learning that the president once owned part of
579
00:33:08.380 --> 00:33:11.460
the company behind that bank and appointed one of its
580
00:33:11.599 --> 00:33:16.180
former executives to lead the agency responsible for regulating it.
581
00:33:17.089 --> 00:33:19.710
That is just what happened in Paraguay.
582
00:33:20.069 --> 00:33:23.769
In less than four days, one bank failure froze millions
583
00:33:23.809 --> 00:33:26.589
of accounts, threw thousands of people out of work, and
584
00:33:26.630 --> 00:33:29.450
put the president on trial in the Senate.
585
00:33:30.059 --> 00:33:31.299
The bank is Ueno.
586
00:33:31.680 --> 00:33:35.079
It grew from an obscure finance company into one of
587
00:33:35.119 --> 00:33:38.299
Paraguay's largest banks in only a few years. It offered
588
00:33:38.640 --> 00:33:42.500
generous cashback rewards sponsored by the national soccer team and
589
00:33:42.539 --> 00:33:46.589
put its name on the country's biggest stadium. Nearly 3
590
00:33:46.589 --> 00:33:48.109
million people became customers.
591
00:33:48.430 --> 00:33:49.779
Almost half the country.
592
00:33:50.130 --> 00:33:54.440
And more than $ 800 million in government money flowed into it,
593
00:33:54.720 --> 00:34:00.720
including pension, healthcare, and hydroelectric funds. But behind the marketing,
594
00:34:00.779 --> 00:34:05.759
regulators allegedly found risky loans to companies connected to the
595
00:34:05.819 --> 00:34:10.679
bank's owners. Loans without enough collateral and expenses improperly counted
596
00:34:10.820 --> 00:34:15.440
as assets. Once the books were corrected, Ueno reportedly had
597
00:34:15.619 --> 00:34:20.800
less than half the capital legally required to absorb its losses. Tuesday,
598
00:34:21.119 --> 00:34:24.400
Paraguay's central bank seized it and the people took to
599
00:34:24.440 --> 00:34:26.559
the streets in protest.
600
00:34:27.179 --> 00:34:32.010
The app went dark. Cards stopped working. Branches locked their doors.
601
00:34:32.409 --> 00:34:36.150
Millions of people could not reach their money while thousands
602
00:34:36.170 --> 00:34:40.280
of employees wondered whether they would ever receive another paycheck.
603
00:34:40.929 --> 00:34:45.719
And then attention turned President Santiago Pena. Pena held a
604
00:34:45.980 --> 00:34:48.960
stake in Ueno's parent company until last year.
605
00:34:49.340 --> 00:34:51.590
He appointed a former Ueno.
606
00:34:51.329 --> 00:34:56.630
Executive to run the central bank, the regulator supervising Ueno.
607
00:34:57.010 --> 00:35:01.409
Lawmakers also accuse his government of allowing too much public
608
00:35:01.570 --> 00:35:02.389
pension money.
609
00:35:02.250 --> 00:35:05.199
To be deposited there. Those are allegations.
610
00:35:05.460 --> 00:35:07.960
Pena has not been convicted of a crime, and he
611
00:35:08.019 --> 00:35:12.960
says he will cooperate with investigators. But his own conservative
612
00:35:13.079 --> 00:35:18.489
Colorado party turned against him. The lower house voted 78
613
00:35:18.489 --> 00:35:22.329
to nothing to impeach him. Pena offered to resign, but
614
00:35:22.349 --> 00:35:25.369
lawmakers refused to let him escape the Senate trial and
615
00:35:25.389 --> 00:35:28.190
the potential loss of immunity that could follow his removal.
616
00:35:28.630 --> 00:35:33.409
Prosecutors have now opened three criminal investigations. Senior bank executives
617
00:35:33.429 --> 00:35:37.170
have been detained, top presidential aides have been resigned, and
618
00:35:37.230 --> 00:35:42.280
Peña' s government could fall within days. So why should an
619
00:35:42.360 --> 00:35:48.030
American care about a bank in Paraguay? Because this is
620
00:35:48.090 --> 00:35:53.110
what happens when political connections replace independent oversight. The bank
621
00:35:53.429 --> 00:35:57.800
grows too quickly. Government money pours in. Regulators ignore the
622
00:35:57.860 --> 00:36:01.820
warning lights. And ordinary people discover the truth only after
623
00:36:02.280 --> 00:36:06.530
all of their money is locked behind a dead app. Yes,
624
00:36:06.949 --> 00:36:11.409
this can happen here. Silicon Valley Bank collapsed in 48
625
00:36:11.409 --> 00:36:15.860
hours after depositors tried to pull $ 42 billion in a
626
00:36:16.039 --> 00:36:20.889
single day. Signature Bank and First Republic followed. The FDIC
627
00:36:20.949 --> 00:36:23.449
now calls those the fastest bank runs.
628
00:36:23.250 --> 00:36:27.269
In American history. America has stronger protections.
629
00:36:27.489 --> 00:36:33.369
FDIC insurance automatically covers qualifying deposits up to $ 250, 000 per
630
00:36:33.389 --> 00:36:37.949
depositor per insured bank and ownership category. But anything beyond
631
00:36:37.969 --> 00:36:41.710
that limit can be exposed. And even insured customers can
632
00:36:41.750 --> 00:36:44.650
face disruption when a bank fails.
633
00:36:45.550 --> 00:36:47.389
The warning from Paraguay is simple.
634
00:36:48.219 --> 00:36:52.900
Never confuse a popular app, a famous sponsor, or politically
635
00:36:52.940 --> 00:36:57.889
connected executive A safe bank. When the regulator works for
636
00:36:57.929 --> 00:37:00.719
the regulated, the powerful leave through the back door and
637
00:37:00.800 --> 00:37:04.980
working people are left standing outside asking where their money went.
638
00:37:06.360 --> 00:37:10.329
Joining me now is the CEO of Artorias, Stefano Rittendale.
639
00:37:10.670 --> 00:37:11.510
Welcome to the show.
640
00:37:12.909 --> 00:37:13.769
Thank you so much for having me.
641
00:37:14.260 --> 00:37:17.650
Stefano, this is an extraordinary story. In a matter of days,
642
00:37:17.849 --> 00:37:21.409
one bank collapses, nearly three million customers lose access to
643
00:37:21.429 --> 00:37:23.769
their money, thousands of people are out of work, and
644
00:37:23.789 --> 00:37:27.650
the country's president is facing impeachment. How does something of
645
00:37:27.690 --> 00:37:33.590
this magnitude happen seemingly overnight? And what does that tell
646
00:37:33.690 --> 00:37:36.820
us about the fragility of the modern banking system?
647
00:37:38.190 --> 00:37:40.329
Well, first, I think, you know, one of the crazy
648
00:37:40.349 --> 00:37:43.989
things is, as you highlighted, is this scale of Duenos
649
00:37:44.030 --> 00:37:47.809
Bank inside of Paraguay. You know, 3 million customers, that's
650
00:37:47.849 --> 00:37:52.110
about 60% of the adult population use this bank. And
651
00:37:52.159 --> 00:37:54.800
for it to collapse so quickly does show that there
652
00:37:54.820 --> 00:37:58.639
is severe lack of oversight, both from the government and
653
00:37:58.679 --> 00:38:01.360
from other institutions that allow this to happen. Obviously, there's
654
00:38:01.380 --> 00:38:04.340
investigations that are going on. Obviously, right now, the Congress
655
00:38:04.380 --> 00:38:06.800
and the Senate have already taken their course. It's also
656
00:38:06.820 --> 00:38:09.340
going to be criminal investigations to see what happened and
657
00:38:09.400 --> 00:38:11.460
how this played a role. But this is a wake-up
658
00:38:11.519 --> 00:38:13.639
call for not only the United States, but I would
659
00:38:13.659 --> 00:38:15.429
also look at this in South America as a whole,
660
00:38:15.679 --> 00:38:18.550
because unfortunately, South America has a long history of political
661
00:38:18.610 --> 00:38:21.130
connections with business. And we see time and time again
662
00:38:21.670 --> 00:38:26.869
major political sandals impacting both conservative, liberal, centrist candidates who
663
00:38:27.269 --> 00:38:28.809
promise one thing, but at the end of the day,
664
00:38:28.849 --> 00:38:31.710
enrich themselves. And it shows a lack of accountability and
665
00:38:31.829 --> 00:38:33.789
oversights that fortunately in the United States, at least we
666
00:38:33.829 --> 00:38:36.969
have better institutions to handle it that South America simply
667
00:38:37.010 --> 00:38:39.789
do not. And we see these events spiral out of control,
668
00:38:39.849 --> 00:38:41.369
as Paraguay is a clear example of.
669
00:38:42.230 --> 00:38:45.130
What really stands out here is the relationship between this
670
00:38:45.210 --> 00:38:48.809
bank and Paraguay's government. The president previously owned a stake
671
00:38:49.030 --> 00:38:51.389
in its parent company, and he appointed a former bank
672
00:38:51.429 --> 00:38:55.489
executive to lead the very agency responsible for regulating it.
673
00:38:56.150 --> 00:38:58.750
Is this just a conflict of interest, or is this
674
00:38:58.989 --> 00:38:59.909
full-blown corruption?
675
00:39:01.079 --> 00:39:02.280
I mean, I think that's where we're going to have
676
00:39:02.340 --> 00:39:05.050
to let the investigation take its course to really lessons learned.
677
00:39:05.510 --> 00:39:08.010
You can have both in reality. I don't think one
678
00:39:08.289 --> 00:39:11.170
mutually excludes the other. But unfortunately, this is a very
679
00:39:11.210 --> 00:39:13.969
common story across South America, where corruption and conflict of
680
00:39:14.010 --> 00:39:16.329
interest is more the norm than the exception, is there's
681
00:39:16.409 --> 00:39:19.309
not really strong anti-corruption measures. And I think the United
682
00:39:19.349 --> 00:39:22.010
States might assist a lot of these governments in South
683
00:39:22.030 --> 00:39:24.349
America to do it. And I also highlighted an important
684
00:39:24.429 --> 00:39:27.769
aspect about Paraguay and about President Peña, is that he
685
00:39:27.869 --> 00:39:29.150
is a close American ally.
686
00:39:29.690 --> 00:39:29.949
He did.
687
00:39:30.139 --> 00:39:34.420
Was signed and joined the Shields of America, the organization
688
00:39:34.480 --> 00:39:37.420
really pushed by the second Trump administration, led by Secretary
689
00:39:37.440 --> 00:39:40.940
of War Pete Hegseth, and this counter cartel coalition. He's
690
00:39:41.000 --> 00:39:44.099
really been a key American ally to expand US influence here,
691
00:39:44.380 --> 00:39:47.329
but it shows that even that, We might have to
692
00:39:47.369 --> 00:39:49.949
be careful because now there's a political liability with such
693
00:39:49.989 --> 00:39:53.250
a corrupt figure who his own political party has impeached
694
00:39:53.309 --> 00:39:56.469
and more than likely would be convicted and face prosecution
695
00:39:56.510 --> 00:39:58.739
in jail. So I think it's important that we let
696
00:39:58.760 --> 00:40:01.980
the investigation take place. Obviously, we're going to see increased
697
00:40:02.019 --> 00:40:04.360
level of protests inside of Paraguay to do this. But
698
00:40:04.380 --> 00:40:06.480
the economic fallout is clear. And we'll have to see
699
00:40:06.519 --> 00:40:08.780
if the United States or South America as a whole,
700
00:40:08.940 --> 00:40:11.679
the World Bank or the IMF might do emergency measures
701
00:40:11.699 --> 00:40:14.139
to try to protect
Paraguay's financial institutions.
702
00:40:14.789 --> 00:40:17.610
So Americans might look at Paraguay and think, well, it's
703
00:40:17.769 --> 00:40:18.820
a developing country.
704
00:40:18.860 --> 00:40:20.980
That could never happen here.
705
00:40:21.039 --> 00:40:24.519
But we watched Silicon Valley Bank collapse in 48 hours,
706
00:40:24.840 --> 00:40:28.780
followed by Signature Bank and First Republic. Are we really
707
00:40:28.800 --> 00:40:31.860
that much better protected in the United States? Or are
708
00:40:31.940 --> 00:40:35.039
we just one serious financial crisis away from seeing something
709
00:40:35.059 --> 00:40:39.900
like this happen here? And I think most importantly, what
710
00:40:39.960 --> 00:40:43.469
can Americans do to protect their money in a situation
711
00:40:43.510 --> 00:40:43.860
like this?
712
00:40:45.079 --> 00:40:48.159
Well, look, I think the 2008 financial crisis is another
713
00:40:48.219 --> 00:40:50.110
case point we can look at. And I think there
714
00:40:50.119 --> 00:40:52.309
was a lot of lessons learned. I mean, Lehman Brothers
715
00:40:52.349 --> 00:40:55.110
is a perfect example, right? The rapid collapse of this
716
00:40:55.150 --> 00:40:58.250
and the behemoth of U.S. financial institution and how it
717
00:40:58.269 --> 00:41:01.199
required a massive bailout by the U.S. government to make
718
00:41:01.260 --> 00:41:04.260
sure our financial institutions were still solvent. And I think
719
00:41:04.300 --> 00:41:06.000
a lot of us forget that the collapse of the
720
00:41:06.039 --> 00:41:09.920
financial sector in 2008 was the largest financial crisis we
721
00:41:09.960 --> 00:41:12.079
had since the Great Depression. So obviously there's a lot
722
00:41:12.099 --> 00:41:14.150
of lessons learned. And I think there's still a lot
723
00:41:14.170 --> 00:41:16.369
of lessons that needs to be applied. And we continuously
724
00:41:16.429 --> 00:41:21.139
see US financial institutions run contrary to US regulations and laws.
725
00:41:21.210 --> 00:41:25.219
And I think that's why regulations and other aspects that
726
00:41:25.280 --> 00:41:27.099
need to be done, both from the executive branch and
727
00:41:27.119 --> 00:41:29.980
the legislative branch, are critical to ensure the American people
728
00:41:30.019 --> 00:41:32.360
are protected. But to your broader question, I mean, obviously,
729
00:41:32.380 --> 00:41:35.880
there's always a concern when we have financial institutions and
730
00:41:35.940 --> 00:41:39.059
banks coddle up to the political power, regardless of whichever
731
00:41:39.119 --> 00:41:41.920
political institution is there. And Paraguay is a perfect example.
732
00:41:41.940 --> 00:41:44.380
And I think it's important that the American people maintain
733
00:41:44.420 --> 00:41:47.099
are well-informed to look into these situations and make sure
734
00:41:47.119 --> 00:41:50.320
that they demand, both from the executive and legislative branch, that, look,
735
00:41:50.750 --> 00:41:53.210
Just because these financial institutions might appear to be too
736
00:41:53.230 --> 00:41:55.250
big to fail doesn't mean they should run amok and
737
00:41:55.289 --> 00:41:57.670
run freely. And there should be oversight in what they
738
00:41:57.710 --> 00:42:00.480
do because Paraguay is the worst case example. But it
739
00:42:00.880 --> 00:42:02.880
would be foolish to think that it couldn't happen here
740
00:42:03.159 --> 00:42:05.900
if we don't maintain strong regulation and oversight.
741
00:42:06.599 --> 00:42:09.960
CEO of Artorias, Stefano Rittendale, thank you for coming on
742
00:42:10.000 --> 00:42:12.130
the show. And we might have to start digging some
743
00:42:12.150 --> 00:42:14.070
holes in our backyard to hide our money at this point.
744
00:42:14.969 --> 00:42:16.650
Well, thank you so much for having me. All right.
745
00:42:16.690 --> 00:42:16.969
Thank you.
746
00:42:18.670 --> 00:42:22.030
After the break, the left ran their midterms messaging on
747
00:42:22.050 --> 00:42:24.539
the economy, but the latest numbers proved that it wasn't
748
00:42:24.760 --> 00:42:27.320
nearly as bad as they were telling the nation it was.
749
00:42:27.679 --> 00:42:29.340
We take a look at the October jobs report.
750
00:42:29.780 --> 00:42:30.320
Don't go anywhere.
751
00:42:35.469 --> 00:42:37.289
For all of our viewers out there asking where to
752
00:42:37.329 --> 00:42:40.019
watch One America News, we'd like to introduce you to
753
00:42:40.199 --> 00:42:42.880
OAN Live. OAN Live is the best way to stay
754
00:42:42.980 --> 00:42:45.139
up to date on the hardest hitting news and our
755
00:42:45.159 --> 00:42:47.760
talk shows. And the best part is OAN Live is
756
00:42:47.800 --> 00:42:52.619
only $ 4. 99 per month. Credible, honest, and unbiased reporting at
757
00:42:52.659 --> 00:42:55.090
a fraction of the cost of cable. So just click
758
00:42:55.130 --> 00:42:58.550
on the link at the top of our homepage, oann.com,
759
00:42:58.590 --> 00:43:01.409
to easily sign up for the news and conservative talk
760
00:43:01.590 --> 00:43:02.869
you can't get anywhere else.
761
00:43:11.769 --> 00:43:15.030
I want you to remember something. For months, the message
762
00:43:15.050 --> 00:43:18.849
from the Democrats' campaign machine was simple. The economy is
763
00:43:18.889 --> 00:43:21.030
a disaster and you're drowning.
764
00:43:21.570 --> 00:43:26.050
Every ad, every stump speech, every cable hit. Doom, doom, doom.
765
00:43:26.550 --> 00:43:29.340
Well, the election's over and this morning, the Bureau of
766
00:43:29.429 --> 00:43:32.239
Labor Statistics dropped its October jobs report.
767
00:43:32.619 --> 00:43:34.860
Let's see how the doom is holding up.
768
00:43:35.639 --> 00:43:41.980
America added 165,000 jobs in October. Economists were expecting somewhere
769
00:43:42.000 --> 00:43:46.460
around 60 to 65,000. That's not a beat. That's more
770
00:43:46.519 --> 00:43:49.590
than double. The August numbers were revised from 53,000 to 186,000.
771
00:43:49.570 --> 00:43:50.849
In September, that number got revised up to from 29,000
772
00:43:50.849 --> 00:43:52.170
to 60,000. Unemployment down to 4.1%. Wall Street wanted to
773
00:43:52.289 --> 00:44:06.360
see it hold steady. It actually fell. And wages, well,
774
00:44:06.380 --> 00:44:10.119
the average hourly earnings rose 14 cents in a single month,
775
00:44:10.219 --> 00:44:15.139
up 0.4% to about $ 38 an hour. Paychecks going up,
776
00:44:15.340 --> 00:44:19.289
more people working. Funny way to run a catastrophe. Now
777
00:44:19.329 --> 00:44:22.590
let's talk about the thing that every family feels every
778
00:44:22.650 --> 00:44:26.530
single week, the pump. CBS News is reporting that the
779
00:44:26.610 --> 00:44:30.610
national average for gas is sitting around $ 4. 06 a gallon,
780
00:44:30.670 --> 00:44:33.170
and the experts at GasBuddy expected to dip below $ 4
781
00:44:33.090 --> 00:44:37.550
within days. the first time since July. Diesel could fall
782
00:44:37.610 --> 00:44:41.650
under $ 6 by Thanksgiving. Brent crude just dropped below $ 100
783
00:44:41.090 --> 00:44:44.809
for the first time since September. Oil tanker traffic through
784
00:44:44.849 --> 00:44:47.230
the Strait of Hormuz is picking back up, and the
785
00:44:47.289 --> 00:44:50.449
Trump administration has been pulling the levers the whole way,
786
00:44:50.869 --> 00:44:54.789
waving the Jones Act, opening up diesel supply, easing the squeeze.
787
00:44:55.309 --> 00:44:58.170
So let me get this straight. Jobs up, unemployment down,
788
00:44:58.389 --> 00:45:01.679
wages up, gas heading under $ 4, and we were told
789
00:45:01.699 --> 00:45:04.239
the sky is falling.
790
00:45:05.019 --> 00:45:06.239
Now, let me be fair.
791
00:45:06.239 --> 00:45:11.340
$ 4 a gallon is still not cheap. Plenty of families
792
00:45:11.420 --> 00:45:14.139
are still stretching every dollar. And yes, the experts say
793
00:45:14.199 --> 00:45:17.389
that some of that gas drop is seasonal, winter blend,
794
00:45:17.429 --> 00:45:20.449
fewer road trips. But here's my point. There is a
795
00:45:20.650 --> 00:45:24.710
big gap between prices are too high and the economy
796
00:45:24.869 --> 00:45:29.309
is collapsing. One is a legitimate argument. The other is
797
00:45:29.349 --> 00:45:32.110
a campaign slogan. And this morning's numbers just put it
798
00:45:32.170 --> 00:45:35.460
through the shredder. Because here's the thing. You can't tell
799
00:45:35.500 --> 00:45:38.219
a guy who just got hired that the job market
800
00:45:38.380 --> 00:45:41.239
is dead. You can't tell a family watching the gas
801
00:45:41.340 --> 00:45:45.420
fall that the sky is falling. People live in their economy.
802
00:45:45.440 --> 00:45:48.420
They don't live in your talking points. The lesson for
803
00:45:48.440 --> 00:45:52.780
the left campaigning on pessimism is a gamble. And when
804
00:45:52.800
--> 00:45:54.989
the data turns around on you, you look like you
805
00:45:55.030 --> 00:45:58.800
were rooting against the country. Now, the Fed's watching all this, too,
806
00:45:58.860 --> 00:46:01.260
so we'll see how it plays out in December. But today,
807
00:46:01.320 --> 00:46:05.159
the facts are the facts. More jobs, lower unemployment, higher pay,
808
00:46:05.179 --> 00:46:09.619
cheaper gas. I'm not saying it's morning in America, but
809
00:46:09.639 --> 00:46:11.880
I am saying that it's a whole lot better than
810
00:46:11.900 --> 00:46:15.719
the forecasts you were sold. Joining me now, he's the
811
00:46:15.820 --> 00:46:19.289
CEO of Mergence Global. Please welcome Mr.
812
00:46:19.349 --> 00:46:19.949
Corey Ruth.
813
00:46:20.599 --> 00:46:25.619
Corey, the economy added 165,000 jobs in October, more than
814
00:46:25.840 --> 00:46:29.320
double what economists expected. Is this the beginning of a
815
00:46:29.519 --> 00:46:33.849
genuine economic turnaround, or should we be cautious about celebrating
816
00:46:33.929 --> 00:46:37.829
a strong one month? And perhaps more importantly, do voters
817
00:46:38.170 --> 00:46:40.449
even care about this? Because it seems like they don't.
818
00:46:42.050 --> 00:46:45.079
You know, the one challenge for the economy, which is
819
00:46:45.119 --> 00:46:48.599
built on confidence, is that the administration and Republicans in
820
00:46:48.679 --> 00:46:53.250
general have not yet made a clear, sustained case for
821
00:46:53.389 --> 00:46:58.070
Trump's economic agenda. We don't see them making a full-throated argument,
822
00:46:58.110 --> 00:47:04.590
particularly outside of the core communicators on Trump's team. Argument
823
00:47:04.630 --> 00:47:07.090
for some of the economic wins. I mean, the American
824
00:47:07.130 --> 00:47:10.030
people are still largely unaware of much of the positive
825
00:47:10.090 --> 00:47:13.340
things that the Trump administration has been able to accomplish.
826
00:47:13.389 --> 00:47:15.179
A lot of what you said today.
827
00:47:14.780 --> 00:47:18.739
Around the Strait of Hormuz and things that you said
828
00:47:18.800 --> 00:47:23.630
around inflation and the things you said around gasoline. The
829
00:47:23.650 --> 00:47:26.269
American people just don't know. What they're hearing is a
830
00:47:26.670 --> 00:47:30.710
total opposite. And I think the administration and Republicans in
831
00:47:30.750 --> 00:47:33.349
general have to do a better job communicating that.
832
00:47:33.369 --> 00:47:37.309
Democrats spent months campaigning on a struggling economy, yet today's
833
00:47:37.349 --> 00:47:41.070
jobs report came in surprisingly strong. Did Democrats underestimate the
834
00:47:41.130 --> 00:47:46.010
economy's resilience or did Republicans fail to communicate their success completely?
835
00:47:48.050 --> 00:47:53.630
I think the economists underestimated it for sure. I mean, 165,000
836
00:47:53.630 --> 00:47:58.639
new jobs, that's 180% higher than expectation. And what's really
837
00:47:58.679 --> 00:48:02.880
good about it is that that number is driven by
838
00:48:02.880 --> 00:48:07.659
96% of it is driven by private sector jobs. So 159,000
839
00:48:07.659 --> 00:48:10.820
new jobs. And that's on top of the prior two
840
00:48:10.860 --> 00:48:13.929
months that you said was revised upward. So for a
841
00:48:13.929 --> 00:48:20.230
combined 61,000 net new jobs, that weren't previously estimated.
842
00:48:20.329 --> 00:48:22.929
So this was gangbusters.
843
00:48:23.570 --> 00:48:28.869
And then those 159,000 private sector jobs were unusually broad
844
00:48:28.929 --> 00:48:32.769
based in that 70,000 of them came from professional services.
845
00:48:32.789 --> 00:48:36.929
So these aren't low-end, low-wage jobs.
846
00:48:36.929 --> 00:48:41.389
42,000 in healthcare, 19,000 in manufacturing jobs, which is incredible.
847
00:48:41.780 --> 00:48:44.739
And that means there were over 100,000 new manufacturing jobs
848
00:48:44.760 --> 00:48:45.659
since January.
849
00:48:45.880 --> 00:48:46.079
Right.
850
00:48:46.820 --> 00:48:49.519
We have to be realistic, though, too, because wages are rising,
851
00:48:49.539 --> 00:48:52.760
but prices are still too high and Americans are still
852
00:48:52.820 --> 00:48:56.039
struggling to make ends meet. What will it actually take
853
00:48:56.219 --> 00:48:59.500
for working families to regain the purchasing power that they've
854
00:48:59.539 --> 00:49:00.820
lost over the last several years?
855
00:49:01.780 --> 00:49:03.920
Well, I do think that there's a portion of the
856
00:49:03.960 --> 00:49:07.480
affordability crisis that has a lot to do with like
857
00:49:07.519 --> 00:49:11.449
this sort of COVID economy where we started tipping more
858
00:49:12.280 --> 00:49:15.230
for every service that we that we use and where
859
00:49:15.929 --> 00:49:19.869
we're using delivery services more, so that item that cost
860
00:49:19.909 --> 00:49:23.219
you nine dollars now cost you 15 because you're delivering it.
861
00:49:23.800 --> 00:49:27.380
And also where we have these micro financing for retail.
862
00:49:27.420 --> 00:49:29.139
So in a firm.
863
00:49:29.699 --> 00:49:32.639
And so what happens is people are buying more than
864
00:49:32.659 --> 00:49:35.340
they normally would because they can microfinance it.
865
00:49:35.670 --> 00:49:37.730
And then they don't realize where that money went.
866
00:49:37.750 --> 00:49:41.469
So part of the affordability crisis is that, is sort
867
00:49:41.489 --> 00:49:45.449
of the COVID economy. And the other part is during COVID,
868
00:49:45.489 --> 00:49:48.539
we shut the economy down completely. But really what we
869
00:49:48.599 --> 00:49:51.079
did is we shut off supply.
870
00:49:51.420 --> 00:49:54.519
We never stopped demand. So demand was pent up.
871
00:49:54.860 --> 00:49:59.099
And so when they reopened the economy, supply since then
872
00:49:59.420
--> 00:50:01.280
has still been trying to catch up with demand, and
873
00:50:01.300 --> 00:50:02.360
that's driving prices up.
874
00:50:03.380 --> 00:50:08.570
So Republicans just suffered enormous losses in the midterms, despite
875
00:50:08.750 --> 00:50:11.389
those encouraging economic numbers. What needs to happen over the
876
00:50:11.429 --> 00:50:14.369
next two years for Americans to feel genuinely better off,
877
00:50:14.429 --> 00:50:16.389
regardless of what the economic statistics say?
878
00:50:17.769 --> 00:50:19.570
We got to do a better job communicating, man.
879
00:50:19.969 --> 00:50:23.780
You know, the Trump administration, obviously, President Trump is the
880
00:50:23.800 --> 00:50:25.860
lead communicator and he talks about it often.
881
00:50:26.199 --> 00:50:29.559
But we need a broad based communication. We need Republican governors.
882
00:50:29.599 --> 00:50:33.199
We need Republican senators and Congress people not to hold
883
00:50:33.239 --> 00:50:36.449
the administration and its accomplishment at arm's length. I mean,
884
00:50:36.489 --> 00:50:40.010
we barely saw any Republicans that were running for office
885
00:50:40.130 --> 00:50:44.989
willing to defend tariffs and the jobs and the manufacturing
886
00:50:45.030 --> 00:50:47.590
that was coming back and the factories that are being built.
887
00:50:48.760 --> 00:50:52.500
You know, when people were talking about shutting, putting a moratorium,
888
00:50:52.539 --> 00:50:56.539
for instance, on data center bills, we rarely saw Republicans
889
00:50:56.619 --> 00:51:00.039
making a full-throated case for why we need to win
890
00:51:00.059 --> 00:51:02.980
the AI race and what that actually means, not just
891
00:51:03.039 --> 00:51:05.599
as a cliché. And so we have to do a
892
00:51:05.639 --> 00:51:09.869
better job being a cheerleader of these policies because we
893
00:51:09.929 --> 00:51:12.630
can't expect that to come from the broad-based media, and
894
00:51:12.650 --> 00:51:14.570
we certainly can't expect it to come from Democrats.
895
00:51:14.849 --> 00:51:16.739
I completely agree. I think AI is going to be,
896
00:51:16.760 --> 00:51:19.360
if it's big now in the next two years, I
897
00:51:19.380 --> 00:51:21.300
think it's going to be huge for 2028. Absolutely.
898
00:51:22.820 --> 00:51:25.880
CEO of Emergence Global, Mr. Corey Ruth, thank you for
899
00:51:25.900 --> 00:51:26.539
coming on the show.
900
00:51:27.469 --> 00:51:28.409
Absolutely. Thanks for having me.
901
00:51:29.269 --> 00:51:31.949
That's our show for tonight. Thanks for sticking with us.
902
00:51:31.969 --> 00:51:34.289
David Pollack will be back again on Monday. So join
903
00:51:34.329 --> 00:51:38.409
us then for another indispensable breakdown of today's headlines. As always,
904
00:51:38.429 --> 00:51:40.760
be sure to stay in touch with us on social media.
905
00:51:40.780 --> 00:51:44.840
You can find David at DavidPollackUSA on all platforms or
906
00:51:44.900 --> 00:51:48.460
send us an email at DavidPollackPrimetime at OAN.com.
907
00:51:48.800 --> 00:51:53.079
Have a great weekend. America, be safe. Don't despair. And remember,
908
00:51:53.719 --> 00:51:54.860
Christ is King.
909
00:52:00.440 --> 00:52:02.269
For all of our viewers out there asking where to
910
00:52:02.309 --> 00:52:04.989
watch One America News, we'd like to introduce you to
911
00:52:05.150 --> 00:52:07.849
OAN Live. OAN Live is the best way to stay
912
00:52:07.949 --> 00:52:10.110
up to date on the hardest hitting news and our
913
00:52:10.130 --> 00:52:12.730
talk shows. And the best part is OAN Live is
914
00:52:12.769 --> 00:52:17.579
only $ 4. 99 per month. Credible, honest, and unbiased reporting at
915
00:52:17.619 --> 00:52:20.039
a fraction of the cost of cable. So just click
916
00:52:20.099 --> 00:52:23.519
on the link at the top of our homepage, OANN.com,
917
00:52:23.559 --> 00:52:26.369
to easily sign up for the news and conservative talk
918
00:52:26.570 --> 00:52:27.829
you can't get anywhere else.