Ep. 2542 - Why the Market Crashed Days After the Election

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Again, you don't want a security system that only tells the cops, you know, too late when all your stuff is gone. Instead, you want the system that protects you before anything happens. That's simply safe. Check them out right now. Simplysafe.com/ipro for their biggest savings of the year. That's simply safe.com/ipro. So we found out this week that Americans wanted to punish the Trump administration. Okay. And instead, Americans punished themselves. Democracy is the theory as HL Mankin put it that the common people know what they want and deserve to get it good and hard. Well, so America, how are you feeling today? Feeling good? Americans delivered a message to the Trump administration. We didn't like the corruption, the chaos, the unaffordability. All understandable. And in response, Americans elevated a bunch of Democrats and then passed a bunch of measures that worked toward destroying economic growth in the country. Do we all feel lots better now? So right after the election, the Dow Jones industrial futures were surging. Thursday morning, they were surging. Here is MSNOW Stephanie Rule celebrating that stock surge. Stocks surged yesterday. The Dow recorded its second best day since President Trump was reelected. For months Donald Trump has tried to equate the market with the economy, warning that stocks would tank without him. He's Mr. Market. But yesterday, investors proved him wrong. They made it abundantly clear that they welcomed a massive check on presidential power and the push pull of a divided government that this country prioritizes respecting the rule of law with functioning elections and democracy. It was it was all great, right? It was all great. And then when the CNBC, the NASDAQ composite declined 5.52% to close at 24,315 yesterday. The tech heavy index slid into correction territory, which of course is perfectly rational, given investor concerns. It fell more than 10% below a record set last month. The S&P 500 dropped 4.36% 10 at 7,353.73 and the Dow Jones shed 1,800 points or 3.44%. The Dow more than wiped out its advance from Wednesday's post election rally, all three major averages posted their worst days since April 2025. Chipmakers brought common Nvidia respectively fell 10 and 9% Thursday while software stock Oracle moved lower by almost 7% president. Trump, of course, put out a statement saying, uh, yeah, guys, that's what I was talking about. Quote, the stock market crashed today because the Democrats had a big Tuesday. So sad to see you have only yourselves to blame. I mean, to be fair to the American people, they also have a president who was very unpopular. And a lot of people voted against him. But that comes along with some collateral side effects. And one of the side effects is a cratering of the economy. So I know there are a lot of people who ask why this matters. Why talk about the stock market? After all, the stock market is just for the elites. The stock market is just what, you know, the white collar people talk about. It's just hitting those annoying tech bros. So really who cares, the stock market has nothing to do with the affordability or economic growth, not for, you know, the real everyday Americans. This is wrong with a capital W wrong. So let's start with the obvious. 58% of all American adults are invested in the stock market. At 70 million Americans have 401Ks. Now, losses in the stock market are what they call paper losses, meaning that you don't technically lose money unless you cash out. But here would be the problem. The whole complaint in this election cycle is that things are unaffordable, which means you need access to cash, which means lots of people thanks to wages not keeping up with inflation will now need to cash out their 401Ks. And if you do that lower, it means you lost money. But of course, that's not the only thing the stock market drops signifies. Stock markets, what are they? Hey, stock markets are not betting markets now. They are stock markets are pools of liquidity. They are giant floating oceans of money waiting to gobble up new offerings or new issuances of stock from currently publicly traded companies, right? If Burger King wants to raise money, they issue some stock and you buy that stock. When the stock market drops, that means that companies can't really issue more shares into the market at competitive prices because nobody will buy them. Now again, companies issue new shares in order to raise capital, right? They want money so they can, you know, hire and expand and innovate and research and build. So when the stock market dumps, companies can't really do that. They can't IPO. They can't issue new stock. And guess what? Thanks don't want to lend to those companies either because people have less money as stated to actually pay for new and good things. So companies start to go under. They start to contract. So let's use my own company as an example. We're a private company, but let's say that we weren't. Let's say we were in the public markets. And let's say we wanted to raise some money to make another Matt Wallshed documentary, but it turns out the stock market as a whole is dropping. So we can't actually just sell some shares and raise more money to do that documentary. So instead, we just don't sell the shares, which means fewer people subscribe because we don't have a Matt Wallshed documentary that you want to see. And that means we start to contract and we have fire people. And we can't get a private loan because we're now in decline, which means now we lay more people off, right? That's how companies work. Now you say to yourself, wait, wait, I don't work for a publicly traded. So start with this. One third of all employees in America work directly for a company that's publicly traded. But you say, listen, that's only one third. What about the other two thirds? What about my private company? Okay. So let's take the daily wire as a real example. And we're a private company. We're not publicly traded. We grow based on our subscriber base and people who advertise. If a bunch of people lose their jobs broadly speaking across the economy, or products get more expensive and worse because companies can't invest in them, then people have less money to spend. They have to spend more money on other stuff, which means presumably fewer subscribers, same deal with advertisers. This is why recessions hurt pretty much everybody at the same time. So a stock market dump means less money for you, fewer jobs. It means things get more expensive too relative to your earnings. Remember that $22 burrito people were complaining about? I was saying like, it should be a $5 burrito. The $22 burrito is the guy complaining. He can't get his Uber rates chipotle. Okay, but let's say that you're worried about the $22 burrito. Hey, fine. Well, now relative to the money you're earning, it's like 25 bucks or 27 bucks or 30. Don't worry. It gets worse. When financial markets become frightened, banks and lenders don't lend money. They would rather hold their cash than lend money to businesses. They are afraid will fail because why would you lend money to a business that is going under you wouldn't just hold the money. Maybe you buy bonds. So that matters for your mortgage. You need to show to the bank that you can pay it and they want their money back faster. So that means for you on a personal level, you're going to buy a house bigger down payments will be required. More borrowers will be rejected. Higher interest rates will be required. The same holds true for businesses. They will want collateral. They will want you to pay a higher interest rate. More importantly, the most importantly, innovation stops. Now a functioning economy is all about actual innovation and making things better and newer and cheaper. And that requires heavy investment of capital, cap X, right capital expenditure. If you don't have investment money, then there are no better and no newer and no cheaper things. I hope you enjoy your current iPhone or micro average TV because that would be as good as it's going to get. Now our friends and sponsors over at Calshire, there are a couple markets worth keeping our eye on when it comes to the economy. The prediction markets, by the way, we're paying up when it came to the elections. I mean, they were pretty much spot on right now. The Calshire prediction market suggests that there's about a 23% chance of recession over the course of the next year. Again, a recession is defined as two consecutive quarters of negative economic growth. That doesn't mean stagnation. It means actual recession. So that's honestly a fairly high chance. If you go all the way back to say June, we were looking at a recession possibility of maybe 50% so it's down from there, but 25% 80. Meanwhile, the Calshire markets also have a market on US real GDP growth in 2026. That would be this year. The suggestion is that it will be somewhere in the neighborhood of 2.1 to 2.5%. Again, we kind of know what US real GDP growth is going to be in 2026. The real question is going to be what US real GDP growth is in 2027. The Calshire markets suggest that it's not going to be amazing. It's unlikely to be fantastic. Again, the highest percentage of people are saying it'll be somewhere between 1.62%. I'm going to find out in short order. Now again, some people are looking at the markets today. They're lying on a good jobs report that came out this month. Jobs market at 165,000 jobs that exceeded expectations. Well, yeah, because the Democrats had not yet been elected. So you are looking at a retrospective report about job creation before the Democrats were elected. We'll see where it goes from here. Well, listen, the elections the other night. They're enough to make me lose some sleep, except that I'm still sleeping sound that my helix sleep mattress. Why? Well, because I didn't just go to one of those big box mattress stores and lie down on a mattress for two seconds flat and go, yeah, this is comfortable enough and then I'm lying on a lumpy mattress for the next 10 years. Instead, I went to helix and I got a personalized mattress, which you can also do. Helix has more than 20 mattress models. There are two minute sleep quiz, considers your sleep position, comfort preferences and support needs, and then matches you with the right one. Every Helix ships free in the US and includes the happy with Helix guarantee and a 365 night sleep trial. That's an entire year to sleep on the mattress at home and make sure it's right for you. Go to helixleap.com/bend from it to 30% off during Helix's Black Friday sale. Again, you need better sleep quality. It's one of the things that allows you to keep going in the world. Even in difficult times, you need your sleep. And Helixleap will make that happen by giving you a mattress that's made for you and not for some other Shlub. Head on over to helixleap.com/bend get 30% off during Helix's Black Friday sale. Again, that's helixleap.com/bend and a mattress of your very own may just for you up to 30% off helixleap.com/bend. Now, why is all this happening? You have to start with the premise that people literally do not understand economics, like at all. This is a poll from echelon insights. And here is what it shows. It shows the Democrats, especially Democrats under the age of 50, view the free market economy positively by 22 points. They view socialism positively, 35 points positive. So there are plus 22 on free market economy. There are minus 31 on capitalism. In other words, people don't know what in the hell they are talking about. They do not know what in the hell that particularly Democrats do not know what in the ever loving hell they are talking about. Now, again, all voters say that they like the free market economy, okay? And then, like that's Democrats, Republicans, everybody. And then you have capitalism, which is slightly less popular because Democrats drag it down. And then social democracy and then socialism and then finally communism, which apparently nobody likes, including even young Democrats. But if you can't tell the difference between, say, free market economies and socialism as young Democrats cannot, this means that you don't know things. And knowing things is generally a prerequisite for being a good and effective citizen. Here is the thing, we're very lucky. Americans were the luckiest people on planet Earth. There are two great privileges that you can have in life. Privilege number one is being born into an excellent two-parent household with a mom and a dad. And that is privilege number one and there's no substitute for it. And then there's privilege number two and that is being born in American. Being born in America is the greatest privilege that you can have when it comes to geopolitics because this place kicks ass, it's awesome. So everyone in America thinks that prosperity is just a central fact of American life. It is status quo, it's normal. Here's the thing, it isn't. People can vote for whatever anti-wealth creation socialist they want and it won't matter. That's what people in America think. This is wrong, again, capital W. Why are companies pulling back? Why are investors getting scared? Why does everything seem like it's kind of financially haywire since Tuesday? I don't know, let's see if we can spot any clues gang 'cause elections have consequences. So representative Jamie Raskin is out there, basically comparing corporations to Marie Antoinette. Of course, Marie Antoinette was beheaded. So here's representative Jamie Raskin in Maryland. - Corrupt government is government that serves a tiny, tiny percentage of the people who seized the power of government, and taken political control, and democracy in the rule of law are there to serve everybody. And so you're talking about two completely different forms of government when Marie Antoinette said let them eat cake, okay? Was that a problem of accountability? Was that a problem of affordability? And you see the false dichotomy there. It's the exact same thing. If you've got monarchical dictatorial, repressive oligarchical government, that's extremely expensive for the common people. - Okay, so again, Jamie Raskin is comparing the current government, which again is quite corporate friendly, quite business friendly, with the French government, which was famously not particularly friendly toward private property. Again, this is what Democrats are. This is where we are going, gang, and this is what people just voted for. I mean, Representative Raskin made it even clearer, as an MS now, and he says, listen, we're just gonna go against the, we'll go after the private corporations. Again, remember, I did tell you this. I said in January of 2025, the most dangerous picture in modern American history. Was that picture of the president at the inauguration surrounded by a bunch of tech bros? Because if the economy went south at all, if Democrats decided that the American people handed power to Democrats, if there was an enormous amount of corruption inside the administration, if any of that were to happen, then Democrats would come in with a brick and just start hitting capitalism. They would just take it out, put its face on the curb, like American history acts and go after it. Here's Representative Raskin. - We will not hesitate to go after the private corporations that are collaborating in all of the lawlessness with Donald Trump, and we've done it before, and we will absolutely do it again. - And by lawlessness, they just mean people who are working with the Trump administration to deregulate parts of the economy. That's what they mean. And a lot of those places are the biggest earners on Wall Street, not because they're corrupt, but because they're producing things. In Vidya is not the biggest earner on Wall Street, because in Vidya is corrupt, it's because it's extremely advanced in well-run. Democrats don't care. If you quote unquote collabed with President Trump, they are gonna go after you. That's what's coming next. So you won't why investors are getting skittish. This would be the reason. According to the Washington Sun, which is a sort of local democratic organ. House Democrats on the judiciary and oversight committees have been studying a 181-page dossier that identifies hundreds of executives and companies for them to investigate after they take control of the house and send it next year. The document drafted by the Think Tank Groundwork Collaborative and reviewed by the Washington Sun argues that the party should response the results of the election by aggressively probing large corporations, including the biggest tech giants, artificial intelligence labs and natural gas firms, private prisons and nursing home operators among dozens of others. Progressives will have many allies in key positions. Bernie Sanders will be the head of the Health Education Labor and Pensions Committee. Elizabeth Warren, Pocahontas is likely to lead the Senate Banking Committee. Senator Sheldon Whitehouse of Rhode Island is likely to lead the judiciary committee. He, of course, hates fossil fuels. Senator Ron Wyden, a radical leftist, will retake control of the finance committee. Meanwhile, incoming House Oversight Chair, Representative Robert Garcia, is going after the quote-unquote corporations. Corporations, by the way, again, that's just the legal form that companies take that hire people and produce things. He's going after them. - Some corporations are in bed with the Trump administration, trading favors for access, putting in money to pay for a ballroom and Trump's monuments across the sea that nobody asked for. Who is benefiting from this war in Iran, from what we did in Venezuela? 'Cause the oil companies aren't struggling. In some cases, the oil companies are making record profits. - And again, remember, these are people who say they want to achieve affordability and they're going to punish the oil companies. Genius level stuff here. Now, you're worried about oil prices, you voted in a bunch of people who hate oil and natural gas and wish to destroy that entire industry. Slow clap, guys. Again, herein lies the problem with a two-party system. In many cases, it's a good thing. In some cases, it's really bad. It turns out that if you want to punish one party, you end up rewarding the party that destroys your entire financial future. Elizabeth Warren, by the way, according to the Wall Street Journal, she's going to probe pretty much everybody. Quote, "She has called the private equity industry "legal looting and written a bill "that can make it easier to gel executives." Again, the private equity industry, that is the pool of capital available for brand new companies to actually issue stuff and have money to actually invest and hire people. She's called for criminal probes into banking executives for failing to catch blowups. She saw it to lay the biggest IPO of all-time SpaceX and raised questions about anthropics existential risks to humanity. She has pledged to look into banker's ties to Jeffrey Epstein and dealings with the Trump administration. Now, the Massachusetts Democrat is about to take control in the powerful Senate banking committee, giving her the kind of expansive authority over the financial industry she's long sought and Wall Street has feared. I know a lot of people think, "Oh, well, you know, Wall Street, "they should fear Wall Street again." Go back to the beginning of the show and review, please. Slowly, at like 0.75, what I explained about the stock market, 'cause that's what investment is about. Investors do not make money as a gigantic rule. As an overall rule, they do not make money unless the companies in which they are invested produce things that you wish to consume. So if you don't want those things, then definitely go along with Elizabeth Warren. Again, remember, in August, 2026, she said, "We should all be worried about dynamic pricing. "That's when companies change their prices in real time. "If it's hot out, the cost of ice cream could go up. "If it's cold, tea bags could go up. "It's a way for giant companies to squeeze you even more." Well, yeah, that's just called supply and demand. Because if you kept the price of ice cream the same when it's cold and when it's warm, you would have an over-supply of ice cream when it's cold and an under-supply when it's warm. But she hates markets and doesn't understand them. And has decided to frontally lobotomize herself. Again, I find Elizabeth Warren to be a puzzling character because I knew her way back one 20 years ago when I was in law school and she didn't use to be completely retarded. But apparently, she has decided to go all the way ice picked to the frontal lobe. And that lady's gonna be reading the Senate Bank, she's gonna be leading the Senate Banking Committee. Well, listen, a growing economy, is really, really, really important, but right now it seems like with the heartburn and stomach ache and all the parties, it's very easy for everybody to just say the American dream is dead. It's considerably harder to explain what's actually happening and why it's happening and what would make it better. That requires more than a slogan. It requires facts. That's why I went head to head with left of center Scott Galloway in the first ever USA facts debate focused on the American dream. We debated whether capitalism is working or leaving too many people behind, whether more government is the answer or whether government is part of the problem. And here's what made this debate different. Each segment started with government data and facts from USA facts. Before we argued about the solutions, we had actual numbers to work from. Now, having the same facts doesn't mean Scott and I suddenly agreed on everything, obviously. But it does mean you can see where the disagreement actually is. Evaluate the arguments and decide for yourself who makes the stronger case. You should come away from a debate knowing more than you did going in. That would be the point. Watch the full debate right now on the USA facts YouTube channel. I said millions and millions of views. Go check it out right now. USA facts YouTube channel. But don't worry. There's more. So I understand that there's bipartisan upset over AI data centers. By partisan upset over we talked about it a lot on the show. It's going to steal our precious farmland and also bodily fluids. Now again, on a on a just basic level that is untrue, the amount of actual territory covered by AI data centers is minimal compared to the gigantic swath of farmland across the United States. Thank God we're the most blessed people again in the history of earth and the North American continent is an incredible place filled with gigantic swathes of usable farmland. Right now, about 5,069 data centers nationally, 710 are in Virginia, 595 in Texas, 301 in Georgia and 301 in California. They're about 250 in Ohio, Pennsylvania and Illinois. Now, I'm going to point out that every state that I just mentioned now has a Democrat governor. Every single state that I mentioned has a Democrat governor. And all of them are going to work to crack down on AI data center construction. So you know, that sounds like fun and games until you realize that actually that actually the vast majority of private sector jobs that have been created over the course of the last couple of years are either directly or indirectly connected with AI data center building. The reality is that at least 300,000 manufacturing jobs are supported by AI data center construction and another 300,000 jobs are supported by AI construction supply chains. And that's not even counting the actual jobs created by AI or your personal use of AI. Again, one of the great astonishing things about how people think about markets is that they use the very products they decry the vast majority of Americans use AI and they use it daily. And then they yell about how much they hate AI and AI data center construction. You know, probably what we should do is we should just call them big buildings that make jobs. If we call them big buildings that make jobs, then you'll like them. But if we call them AI data centers, then you'll hate them. It's the same exact building doing the same exact thing. But apparently it's bad if you say AI data center. I mean, this is what the polls show by the way. If you just get rid of the of the acronym AI at the beginning of data center, the popularity increases by well into double digits. Yeah, in the same group of American people, on average, the American people come up with the right answers over time. But there's a difference between a voting machine, which is what elections are, any weighing machine, which is about what is true and what is not true. Hey, the reality is that according to the Wall Street Journal, Nvidia and Micron, two companies account for 34% of the earnings boom in the United States. Only 10 companies, Broadcom, Meta Platforms, again, all of these in the tech industry, account for roughly two thirds of all profit growth in America's earning boom. Again, look at the contributions to S&P 500 third quarter earnings growth from one year earlier. And what do you see? What you see is that the vast, vast, vast, vast majority of actual gains. Serious gains are being made in the tech sector. S&P 500. You have some 357 contributors who make up something like 15% of the total growth. And then you have a grand total of 10 companies that make up the other 15% of all growth. And then you have 132 declineers with negative contributions to the market. So what are you going to do? You're going to just lock the head off of that chart. Just to lock it right off. Because again, it's not just tech companies. It's also Exxonmobile, Chevron, and Valera, right? You know, the oil producers, the Democrats also hate. Great job, everyone. We're doing great here. And now we're going to be led by former DNC vice-chair David Hogg, a complete stick figure idiot of a human who says, quote, so being anti-billionaires, anti-war, anti-APAC and anti-data centers is now the moderate position. Welcome to the big tent. Well, I hope that we all enjoy our equality and poverty. And again, it is a bipartisan thing. I don't know how it is not just a Democrat thing. A lot of Republicans very upset with AI data centers because technology bad or scary. Again, I understand why people are upset that the tech bros who also can be bunch of weirdos from Silicon Valley with no relation to actual humans are the ones making these things. And there are ways to restrict development of AI that prevents it's worse abuses. It's worse abuses. But you don't destroy the means of production because somebody uses that stuff wrong. Okay, so if you are worried that somebody is using electricity in order to power a chainsaw to murder someone, you don't destroy the electrical grid. That is not what you do. You somehow tried to target you. No, the chainsaw using guy who's trying to murder someone. But instead, because people don't like certain uses and abuses of AI, they have decided, what if we just destroy the entire means of production? What if we just get rid of the data centers? That's a great idea. No, it's not. It's a very stupid idea. If your idea is I don't like drunk people driving cars and getting into crashes and killing people, therefore we should just destroy all the oil refineries or shut them down. This would be a bad idea. And yet the American people are moving in that direction. Thanks in large part to propaganda and foolishness. According to CNBC, there were 41 local ballot measures and 10 states up for a vote on Tuesday that replaced restrictions on the construction of data centers in different ways, according to ballot media. Voters sided against data centers in each measure except one in Harvard, North Dakota, Ohio alone accounted for more than half the measures with 21 on the ballot. There are 27 measures that passed that restricted opposition to data center development and 13 pro data center measures that were defeated. Democrats were campaigned on pausing or regulating new projects when key races in Ohio, Wisconsin, Georgia, and Texas. According to the polling data, by the way, the exit polls, thinking about your vote for Congress, how important was AI data centers? Crucial, 23%, 69% of people who said so were Democrats. A major factor, 33%, 62% of people who said so were Democrats. As far as who is better able to handle AI, again, this is the NBC news exit polls from the other day, the total 30% Democrats, 95% of whom voted for Democrats, Republicans, 27%, 94% of whom voted for Republicans. Independence, 58% said they trust the Democrats to handle AI. We're going to find out whether that trust is well placed or not. Again, all of this makes you worry about the economy, worry about things like inflation, because it turns out economic growth undergirds, the power of the US dollar. Well, you might want it ever as if I just a little bit into precious metals. And if you're going to do so, you should check out my friends over at Golden Crest. They focus on widely recognized coins, transparent pricing, zero buyback fees, and real people answering the phone. Get there free, 2026 precious metals infocate, learn how eligible retirement funds may be used to purchase physical precious metals. 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Now, some people are trying to, you know, I would say, make lemon-made from the lemons. Bloomberg has a completely idiotic piece today, suggesting that the data center backlash will lower the odds of an anti-investment bus, quote, around half a planned expansion nationwide is vulnerable to increased scrutiny and pushback from Democrats, who clinch historic victories in states like Texas, Georgia, and Ohio. The impact will depend on the specific shape any new restrictions might take. About 45% of planned data center capacity is in states where newly elected Democrats campaigned on such limits according to Goldman Sachs estimates. Texas alone accounts for 25% of the total. And Gina Hinojosa, the first Democrats to be elected governor there since 1990, has vowed to halt new approvals. Georgia and Ohio are also getting Democratic governors for the first time in decades. In Georgia, Kisholan's bottoms campaign on a statewide pause, Amy Atten has proposed stricter conditions on new projects as well. Brett Ryan, the economist at Deutsche Bank, says, "If some of these moratoriums or regulatory pressures slow some of this build out and almost prevents you from blowing up too big of a bubble, this is like a good excuse to kill some projects that were already looking shaky. This is stupid. This is very stupid. The reason this is stupid is because this is not a forced market. This is not a market correction. Okay, so let's say that there was an overbill. Let's say people built too many data centers, and then the companies that did that suffer the consequences of that. All right, that's how markets work. And then there will be a natural adjustment in the market and fewer data centers will be built. When you force a destruction of data center projects, what you are doing is limiting the supply, which limits the build out, not just of the data centers, but all the things that are built on the data centers, all the platforms, all the new tech. Again, there's a difference between a company overproducing ice cream and you telling a company it is not allowed to produce the ice cream. And you telling the company is not allowed to produce an ice cream is a violation of basic property rights. Again, what everything of AI, if AI is powering our growth right now, its dip does affect you. Your 401k undoubtedly owns AI stock, AI companies by products and services from other companies. The index fund includes AI. These are all just realities. And again, Democrats are going to go full bore against this because populist economics suggest that if you don't understand, you got a ban it. So here is Texas governor Gina Hinoza. I would issue a moratorium on any new data centers until the legislature can pass laws to protect Texans. Everything from water to electricity, jobs, all of it, right. Making sure we have guard rails when it comes to AI. This is what AI is for. This is what it is not for. Okay, they don't know what they're talking about on any of this. They are not attempting to restrict the abuses of AI. They are attempting to kill the golden goose. That's what this is. Bernie Sanders, again, the Chinese are doing active symposia with Bernie Sanders because the Chinese wished win. We are not the only players on planet earth. And guess what happens? If we don't do this sort of building, other places will, they will. Maybe it'll be built in space if we're lucky. And that's what they're talking about. So Elon is talking about. But if it's not, and it'll be built wherever else, it can be built. So here's Bernie Sanders with his economic populism drawn straight from the annals of the Soviet Union and Cuba. Perhaps must enact a national moratorium on AI data centers must pause advanced AI development and ban super intelligence. And, by the way, I might mention that yesterday, in the election, in dozens of communities throughout our country, citizens voted for a moratorium on the construction of data centers. In other words, a moratorium on data centers is exactly what the American people want. This is foolish. And we can do it. We are going to do it. And then we'll find out, you know, whether it was a great idea or not. Now, there's some people on the right who are arguing for similar big tech restrictions, Ron DeSantis, who I love. I mean, he's the governor of my state. I moved here in part because Governor DeSantis is so good at his job. He's on with Stephen Asimeth. And here he was arguing with four big tech restrictions from the GOP. I agree with some of this argument. I don't think a tech company should be able to just hotline a hyperscale data center into a community that doesn't want it. And I certainly don't think you should have to pay higher electricity rates for that. So we're in a situation where I embrace technology that enhances the human experience, but I don't want to empower transhumanists who want technology to supplant the human experience. And some of these people in Silicon Valley, you asked them, hey, would it be better if machine just emplaced the human race entirely? And they'll be like, well, they can't answer the question. No, it's an easy answer. That would not be a good thing. So if technology is hands in, enhancing our ability to get jobs, start businesses, earn income, communicate great. I'm all for it, national defense. But if it's just trying to replace Americans, if it's saying, oh, yeah, you're all just going to be on a universal basic income and you're going to get a check. So I think we need to bring some more, some balance to read the Republican view of how you handle big tech in here. Okay, but there are a couple of things he's conflating here. So he says, I don't want, you know, this technology to harm humans. I don't, I don't want it to replace humans. Okay, but every technological change in human history has come with a replacement of jobs. This is just a reality. It happened in the information revolution. It happened with the industrial revolution. And that's just a constant of human history. So unless he has a way to determine which jobs are ought to be protected and which ones are odd not or why is it another way of explaining that is which things ought to be expensive and which things ought to be cheap technology makes things cheap. Then I don't trust politicians to make that sort of centralized decision. I don't. I think there are things that we should restrict about AI. Again, if you want to human teaching your kid and not AI, I totally get it. And I agree. If what you're arguing is that the AI bros are programming the AI's in ways that are counter America's interests that are programming them with woke nonsense. And now you want to restrict that. Although I think competition will probably take care of that. We can have that argument. But if the idea is that we can sit and pick and choose which jobs are sacrosanct and which jobs are not sacrosanct. And so we're going to end up to pulling the plug that will be the natural consumer. That is wrong. Now there is accounts are argument to everything that all these people are arguing, including the governor. And that counter argument is if we don't do it, China will. That is true. That is true. But governor DeSantis says it's not true. One of the things they'll say with the tech stuff is, oh, well, we've got to beat China. We've got to be China. And I'll look, I'm a China hawk like I think the CCP is a threat. But you know, you have some of these big companies like Oracle. They built the biggest data center in Asia and Singapore for the Chinese AI stuff. I mean, Nvidia, they want to sell chips to China. So like Silicon Valley is not trying to beat China. I'm trying to join them. Silicon Valley is trying to make money. And honestly, I don't blame them because they have to do share responsibility. They're shareholders of their public company, especially to maximize value. So don't tell me that's a reason. So I just think we need some balance. Well, I mean, again, I don't think that you have to take the tech bros as the indicator of whether China is trying to beat us. This is sort of like saying that because there are companies that would want to sell missile technology to the Chinese, therefore the Chinese are not trying to develop superior missile technology. That doesn't follow at all. Yes, the Chinese wish to outcompete us. Yes, if we destroy our own forward capacity with regard to AI, they will outcompete us. And again, that's how markets work. That is how markets work. And so you can either work for an American company or you can work for a Chinese company. I mean, that is the way that economics work. They will always work. Those are the rules of the road. No matter how much you fight them, they will always win. But don't worry. In the cities, it's even worse than that. So remember woke one point out. So woke 1.0 was the idea that America was a white supremacist country that was filled with racism and evil. And therefore, everything was fruit of the poisonous tree. Therefore, any inequality of outcome was in an equity. It was it was it was the American system that had gone wrong. Well, apparently woke 1.0 was crazy. We were told that by AOS. Remember, it's sort of like so crazy. It's crazy. Oh, okay. Well, now we are full on to woke 2.0. So what's woke 2.0 is just communism. It woke 2.0 is everything in America that is unequal is bad, not a racial basis on an economic basis. Therefore, we must have socialism. And the easiest way to achieve the equality of outcome is for everyone to be poor. So I guess that's what we're going to do in the big cities. Nithya Rahman has now defeated Karen Bass over in Los Angeles. Nithya Rahman is a self-described socialist over in LA. She narrowly beat Karen Bass by about 50,000 votes in Los Angeles. Here's a flashback of Hassan Piker talking with Nithya Rahman, the new mayor of LA. Do you support Medicare for all? Yes. Universal childcare. Yes. Abolishing ice. Yes. Race taxes on billionaires. Yes. Ending can't miss weeps in LA. Well, I think we depends on your definition of of sweep. Yeah. I think we have to be able to do clean ups. We do them humanly. We work. We do it without reach occurs. It's very similar to what Mamdani touted in his change. I don't think we should be violent. I don't think we should be arresting people. But cleaning up. Cleaning up and and making sure that we offer hygiene is really important. Okay, stand by that. $30 citywide minimum wage. Oh, interesting. I supported the tourism worker wage. Yeah. And LAPD's pay trips to Israel. If not on our dime. Okay, a free Palestine. Free Palestine, yes. That is your new mayor of LA. How does that matter? Well, it means if you're starting a business, you're not doing it in LA. If you have a choice where to locate your business, you are not doing it in LA. If you are a young family looking to buy a home and you're not locked down to an LA job, you ain't moving to LA. This is a chart of LA housing prices from 2016 to 2026. Up and up and up and up. Remember, the part that's kind of funny about all this is, oh my gosh, Nithya Rahman, she's a socialist. That's terrible. Karen Bass was also a basic socialist was the mayor before her. And Eric Garcetti was a big lib was the mayor before them. Okay, so it's just getting worse. Again, what happens in all of these areas is you make it more expensive to build because what you want to do is regulate the developers, right? Those rich, evil developers, you got to go after them. Make it more expensive, more regulatory, more confiscatory. Make sure that anyone who's buying say luxury real estate in LA, those people need to be crammed down higher property taxes. Go after them, nail them, really get them. And then it turns out that you remove the profit incentive to build new things. So nothing new gets built. And then you have a shortage of housing. So then you tax everybody more to build, quote unquote, affordable housing. But it turns out that the affordable housing is really expensive because when you build it, you have a bunch of union-based government contractors who are screwing the state. That's how all of this works and that is why again, that price line keeps going up and up and up and up. But don't worry, it's not just Nithya Rahman in Los Angeles. And I'm getting panic calls from my friends in LA. Legitimate panic calls, right? I'm from LA. I have tons of friends who still live in LA. And those friends are calling me like, dude, I don't know what the hell to do. This is crazy. It's just going to get worse here. They're gigantic. I'm talking like gigantic swaths of land in LA that are going without sale because no one wants to buy them and then be forced to rent them at below market value. Nobody wants to buy up, for example, a giant studio space and then locate a Hollywood production there because you can't afford to do it there. This is what socialism accomplishes. Again, when people think socialism, they tend to think of the government seizes your business and turns it into like a communist grocery store or something. That is not the sole extent of socialism. In order to understand what we're talking about here, you have to understand that there's sort of a spectrum from socialism all the way over to free markets. Why? But because when you own a property, it's not just your ownership of the property that makes it private property, it is your ability to do things with that property. Let's say, for example, you buy a piece of land and let's say that the government tells you you're not allowed to build a house, you're not allowed to build a co-op, you're not allowed to build an apartment, you're not allowed to build a store, it has to remain empty land. Not only that, you're not allowed to sell the land, but you must pay tax on the land. Question, do you still own the land? Technically, technically, if you don't have any power to do anything with the land, then you don't have any of the benefits of ownership. That is not really private property. This is a point made by Professor Richard Epstein, the author of a book called Takings, that actually property rights include the right to alienate the right to build the right to use. If you take away the use of all of those rights, it's the same thing as if the government has taken the property. This is what socialists tend to do in places like LA. Sure, you can buy that house, but you know what you can't do. You can't, you definitely cannot build a mother-in-law unit out back. You definitely can't rent it out to make some extra money. You certainly are not allowed to rent it out at a particular rate. And if you sell it, we're going to take all the profit. Okay, well, you just violated property rights 10 ways from Sunday. And then you wonder why no one's building? Also, why no one is selling? Because if you sell and they take all the profit, what was the point of selling? So you lock up the market. That's what's happening in all of these markets. It's why there are 50,000 vacant units in New York City. So you have a socialist mayor of New York, a socialist mayor of LA, and now you have a socialist mayor of Washington, DC, or Janice Lewis George, 184% of the vote. Socialists really love Washington, DC. Here is a chart of DC housing prices. Well, you may notice that it was up and up and up and up. And then it leveled off in 2022. And the reason it leveled off in 2022 is because a lot of people moved to Northern Virginia. Right, after the pandemic, people started to be like, "Ah, I don't know, man, I'm kind of out." Here is Janice Lewis George on what socialism it means. You know, because I think this moment calls for that level of moral clarity and courage. It calls for this level of ingenuity. And it calls for a leader who is focused on putting people first and delivering on the small things, right? A social socialism is talking about just making sure your 9-1-1 system works. Your 3-1-1 works. Your trash gets picked up. Your snow gets plowed. Those basic things that make a difference in everyone lives and delivering for residents and all eight wards in the city. But it also focuses on delivering those big things, right? Like universal access to childcare, lowering utility cost for DC residents and fighting against these data centers that are pulling on our grid and expanding community solar. So for me, it's really a moment where ingenuity is necessary and more courage is necessary. This is where we're going, folks. This is where we're going. Would you start a business in Washington, DC with that as the mayor or build new property with that as the mayor? Have a New York. You're going to buy a property in New York with that as the mayor is our mom Donnie. Is that where we're going here? But these ideas. Okay, this is a chart of property prices in New York City. Notice up and up and up and up and up and up. And again, 50,000 vacant units in New York City and nobody will rent because it is more expensive to rent them than it is to just leave them empty. Meanwhile, there's great irony. Zor Mom Donnie worrying the bubble is going to pop like the housing bubble. Yeah, because you're going to destroy the markets on both. There's an investment in the idea that this is so complicated that the only rational response should be that we trust those who created it. And in many ways, it's what Facebook was arguing in 2008 that they should be able to regulate themselves. And yet what we need to see is a response that grasps the scale of the adoption of this technology and the incentives that are driving a lot of this technology at this time and the fact that we are now at a point where there are far too many similarities between the housing bubble and the state of AI in our economy today. You worry that we're in a bubble? Yes. You worry that bubble is going to pop? Yes. Do you trust the Samutments of the World? No. Yes. Yes. If it's going to pop, you are going to pop it. And I'm not talking about a bubble here. I'm talking about just the markets. And this is always the game. The game is what if I destroy the basis for markets? And then the market goes down and I blame capitalism. We saw this in 2008. 2007-2008. You had massive government subsidization programs that were designed to put people who could not afford homes into homes. And then markets do what they do, which is they took all of that and they made it cheaper and easier. And the way that they did that is things like credit default swaps, right? The market went to work on a bad program because again, markets are capable of making anything more efficient, better and cheaper, even things you don't like, like for example bad mortgages. It's true for drugs and it's true for pornography and it's also true for bad mortgages. And then it turns out that the bottom fell out because of the government program and then it was capitalism that was to blame. This is where we are going. This is what Americans are choosing. So I mean, you've been warned. That's woke 2.0 is basically just Marxism. But don't worry, woke 2.0 doesn't mean that woke 1.0 is gone. We're going back to that too. Guys, it'll be great. And remember, woke 1.0 is all about niceness and compassion and decency and laughing at people who have been murdered. Her Jennifer Welch and Angie Sullivan laughing at the death of Charlie Kirk once again. Dad Morose says, "We're digging up Charlie Kirk and doing it again. I'm zooming into Fox." No comment. No comment. No comment on that. Kinder, gentler, wonderful people. They're just against the cruelty of the Trump administration, those people who are laughing at Charlie's murder again, the one millionth time. Don't worry, woke 1.0 is still there. The congressional equality caucus put out a graphic yesterday. The 120th Congress will be the gayest Congress in American history. Well, congrats, congrats boys and girls. Latitudes to loved dudes and ladies to love ladies inside our Congress. All our problems are in end. We finally figured it out. We solved it with the pride progress flag. That's awesome. Here's Gene Wu, he's the leader of the Texas House of Representatives, laying out the coalition of the oppressed. That there are pressers all are the same, right? The oppression comes from one place. And I always tell people that day, the Latino, African-American, Asian and other communities realize that they share the same oppressor is the day we start winning, because we are the majority in this country now. We have the ability to take over this country and to do what is needed for everyone and to make things fair. See the coalition of the oppressed are going to make things fair. They can take it all over and make things fair. Now that comes along with a little bit of weirdness, of course. For example, according to the New York Post, West Hollywood, which is the gayest area of probably the world. It's like West Hollywood or Fire Island. West Hollywood will now allow Thrupple's four sons and other multi-parton relationships to register as domestic partners and receive new legal protections for polyamory. The measure allows people and relationships involving multiple partners to officially register with the city granting them certain rights, including hospital visitation and additional tenant protections. That's so nice. I mean, right? Additional tenant protections. I can't imagine anyone abusing this. I can't imagine these five gay dudes basically being like, Hey, we're all married now. And if you upcharge us on the rent, then that's because you're some sort of bigot in West Hollywood. Yes, it turns out that all of the oppressive structures will be struck down, including apparently penalties for murder. So Gavin Newsom, governor of California, who's attempting to steal some of the glory of the far left. He announced on Thursday he's commuting every death sentence in his state to a sentence of life in prison without parole. It's a quote, my decision today comes after nearly three decades of openly opposing state sanctioned executions as an elected official. So many nice people who are going to escape the death penalty in California, that includes a Todd Gibbons and Billy Joe Johnson, both members of white supremacist gangs who have been sentenced to death or say Skylar Delion sentenced to death in 2009 for murdering through people by tying them to an anchor on a yacht and throwing them alive into the Pacific Ocean. The good news is that at least we won't be deprived of having to pay for his transgender care because it turns out that Delion transitioned to female from male while serving his sentence. Others who will escape the death penalty in California include Glenn Helzer, who let I call it called the children of thunder and murdered five people in an extortion scheme. Eric Houston murdered four and held a hundred students hostage for eight hours in the 1992 Linhurst High School shooting in California. Or say Carrie Stainer who killed four women in Eosemite National Park including one woman by cutting off her head in 1999 or Marcus Wesson who sexually abused and impregnated his nieces and then held his nieces hostage in a police standoff and with nine of his own children dead seven of whom were eight years old or younger well at least they'll get to live on the tax fair that's the important thing. Don't worry the radicalism of the Democratic party in those no bounds again aren't you glad you elevated this party it's going to be great guys. Oh yeah and radical islam is continuing to make inroads Democrats by the way are already talking about about Aburrahman El Sayed of Michigan running for president remember he was born in America. She's an American citizen by birth even though he hates the country they're already talking about him running for president. Here he was on MS now saying hey hey hey hey we just have to understand that when we are talking about Jews it has nothing to do with Israel so when we say that Israel should be destroyed that has nothing to do with Jews at all at all in fact the best Jews hate Israel. We have to separate between Judaism and the Jewish people and Israel and its actions we have to and I've tried to do that consistently across my campaign but people keep saying well because of your positions on Israel you must also feel a certain way about Jewish people I say well no actually we have to differentiate between our foreign policy and by the way I apply the same approach to the government of Egypt where my family came from and I would hate that somebody would assume that I would be okay with the human rights abuses of the government of Egypt simply because I share the ethnicity of the majority of people who are in Egypt so we just have to be governing on principle and we have broken our own principles when it comes to Israel time and again. Oh but I've noticed that he's never called for the abolition of the state of Egypt I've noticed that he's never done that that's weird how strange Sarah Haynes on the view pushed Abdurrahman Al Sayed on the fact that he said about an actual honest God terrorist who tried to merge with her school children quote hurt people hurt people here's how it went as your response that hurt people hurt people after the temple Israel attack in Michigan in March really stuck with a lot of people and you did apologize for that but it took you a while to bat it took about five months to it seemingly understand why that landed wrong with people and voters and constituents you know do you think that leaders have a responsibility to challenge the extremist views in their own religion especially considering you're with a first Muslim senator of the United States. I do want to offer though when we step back it is important for us to be thinking about how do we start addressing all of the downward spiral of our politics right now and I think too often there is this approach where we say good and evil and that good and evil approach hasn't really helped us route out a lot of the pain that causes a lot of the damage that we see in our society and so I was trying to argue about or offer context around the fact that that individual had lost a child niece and nephew in an airstrike um so what I'm sorry so what it was a terrorist you tried to murder a bunch of Jewish school children what in the world does that have to do with Israeli policy in Lebanon he also neglects to mention that that person was an adjunct member of his blah and the airstrike was on his beloved members he apologized he apologized he believes all the same extremist things he ever did so I'm so glad that he now gets to sit in the senate where he will have access to classified foreign policy material how could it go wrong how could it go wrong great job everyone I'm glad that you punish the Trump administration so that we get Abdul Rahman else I had sitting in the United States and maybe on the foreign relations committee it'll just be awesome by the way accounts on American Islamic relations was started as an offshoot of the Muslim brotherhood has now released preliminary tracking results from the November third elections showing at least 97 confirmed American Muslim electoral victories at the federal state and local levels across 21 states including 38 legislative state wins another 15 Muslims are leading in races that have not yet been called just great thank God our home state of Florida has banned care and so care has now officially suspended operations in Florida and God for Florida man well what's the path okay we can fast forward we know what the path looks like we know it the path looks like the path looks like France and it's where we're headed to we're headed there on high speed rail as soon as it gets built by the California government we are headed there according to the interior ministry of France 575,000 people protested across France unions claims close to 1.6 million they're demanding higher wages they're protesting austerity again France spends more money per capita then pretty much any country on earth but they're protesting austerity because again it must be capitalism that has failed here the people's forum joined French protests for international solidarity among working people again they're protesting against austerity the people's forum is funded entirely almost by the man who lives in communist China never roicing them here they were we're here in the streets today on November 5th in Paris with people as far as the eye can see for the general strike that is standing against the Macron government and the policy of austerity here in France we're here in international solidarity with the strike but from here to Italy to all across Europe to Palestine to Cuba everywhere that we stand we are in solidarity together as working people what we see here in France is just an example of what can happen when people come together and they fight and they struggle together they're not protesting against the Cuban government and they're not protesting against Hamas by the way just noticing here are some of the French protesters explaining why they're protesting austerity measures the rich the rich the poor staple it's all about the military the police and stuff to shoot on us even against children I got everyone they ask us the poor to pay for them we already outboard why are you asking us to give you more money you're the one who's supposed to aid us not the opposite they don't just the money for the writing they use it for the military is a police repression not to the to the people I'm here because I'm French I'm a university student today's a big day where all the syndicates are here but we've been protesting like three days a week every week so it's mostly just about austerity it's against austerity it's against student conditions they're funding war they're funding the police but not schools oh really is that what's happening over there should point out that France spends roughly one third of its entire GDP just on welfare programs don't worry it's about that it's not about hating cops are hitting authority or just generally hating the system that's why they're burning off the g's of cops now again I know the American people were just hungry for normality I get it I too I do I get it I've been saying for very a long time a long time literally probably a decade that Americans just want normality that's all we want well unfortunately normality was not on the table so we're not going to get it it's not going to happen we're just going to keep bouncing we're going to keep ping ponging side to side until somebody offers normal that's what's going to happen now meanwhile inside the democratic caucus I have to say it's kind of amusing to watch the infighting that has broken out between the so-called moderates and the radicals now one of the things that is sort of interesting is because the democrats want so many seats because they want so many seats that means that they are really not held hostage by the DSA and there are a number of non DSA candidates who won. And the vast majority of Democrats are still not DSA aligned. So if they choose to move in that direction, it is a choice. They're not being forced. You can't say they're leveraged. It's not the case. So James Carville is trying to lead the so-called moderate wing. Good luck to him. They tried DEI, the country hated it, just hated it. It cost a seat. AOC said, quote, "Woke one didn't work." Well, that is what it is. The DEI people asked me to honor your identity above your humanity. I cannot do that. To me, you're a human being first. And if we bring this bullshit language back, we're going to pay for it. Okay, well, we'll find out. That conflict is breaking into the open as Abdul El Sayyad, the brand new senator from Michigan, which again, great job, everyone. He is saying that he wants Senator Schumer not to be the majority leader. He's going to lead an insurgents against Senator Schumer. We will see if this is successful. We're fascinating to watch these two battle it out. I have never in my life, not one time rooted for Chuck Schumer, who I think is one of the scusiest people in American politics, and a schmuck of epic proportions. I'm rooting for him now. Here's Abdul El Sayyad. I've had conversations, obviously, with Senator Schumer, in the context of this race. I've been clear. I want new leadership and I want leadership that is focused on getting money out of politics for money or pocket passing out of care for all. But at the end of the day, there's a choice between two or more options. So I want to see who else is willing to put their hat in the ring. And we'll go from there. So here is Chuck Schumer's response. So what I do as the leader is I'm the orchestra leader. And I pick the theme, gas, gas, and corruption. But I am not the best, best soonest. I highlight that person. I am not the great virtuoso singer. So I highlight that person. And the way you make this run and work is show the talents and showcase the talents of the people, and just everyone's sort of singing on the broad same tune. And I would say that it has worked. And now we have a new freshman class coming in from across the country. You know, they're fabulous. We're going to highlight them. You've spoken to all of them. I've worked with all of them. That he's the worst. He's just the worst, except Fred will also add who's even worse. So it'll be fun to watch them, you know, battle it out. I remember AOC, catering to I remember AOC who's being catered to by Nancy Pelosi up until Nancy Pelosi got irritated and then sort of gave her the back of her hand. The same thing could happen here. That will be amusing. Well, here's the thing. A lot of people are nervous about what comes next, but I'll tell you who's not Rosie O'Donnell. She who fled to Ireland and then came back. She's now reading the Declaration of Independence on TikTok, which I guess is better than her writing songs about the president's penis, which is another thing that she did recently. I love you, America. I love you. Only once you really do. It's a glorious day. Oh, what a beautiful morning. Oh, what a beautiful day. That's today. So, November 4th, we begin again, these United States of America. We hold these truths to be self-evident that all men are created equal, that they are endowed by their creator with certain, inalienable rights. And look at it. You've got to look at it. Don't memorize it. And look at it. Liberty and the pursuit of happiness. And to secure these rights, governments are making sure you consult. All men, deriving their just power from the consent of the governed. And whenever any form of government becomes destructive of these ends, it is the right of the people to alter or abolish it and to institute new government. And that is what we did last night. My big question is when she turned into William H. Macy. But there we have it, Rosie O'Donnell, reading the Declaration of Independence. Yes, because the founders were deeply, deeply in bed with the idea that what we need is a vast socialistic welfare government, run by people who hate the country and are in bed with true third worldness. That's what the founders meant when they wrote the Declaration of Independence. And for possible for the founders to spin in their graves, they would be digging holes directly through the Earth's core at this point. Here's Katie Perry, who is dating the former Prime Minister of Canada. Why do I give a crap? Well, Katie Perry, good morning, democracy says Katie Perry, go to Canada with your boyfriend. Mark Ruffalo, he's out there tweeting about the political system, quote, thanks to all of you who woke up and got work to work, got to work organizing all of you who voted for decency fairness, equality justice, and against the flagrant corruption in our political system, which has been stacked against the working people of this country. You know who knows the working people of this country? Mark Ruffalo in his trailer, playing the Hulk. He knows the working people of this country. The chicks, they used to be called the Dixie chicks, and then they decided Dixie was racist after a decade of using it. So now they're celebrating the blue tsunami, I didn't even know they were still performing, so good for them. Power of launch activity over here. Welcome to the tsunami. They're holding F-Trump fans, I don't know what it looks like. Still glad we can enjoy this night together. Good for them that they're still performing, good for them, that's all I care about. The chicks are still performing, that's really all that matters. Because I think it's good to employ 80-year-old singers, anyway. Kim Kardashian put up a photo of herself, again, there is no photo of Kim Kardashian that she has ever put up, just sort of looking normal. Here she is trying to thirst trap of this. Good morning, America, thirst trap. I'm sorry, we as the people have become too stupid to maintain our democracy. It's over. And when I think of people who love America, I think of Jane Fonda who literally posed on a Viet Cong anti-aircraft gun aimed at American soldiers. I want to hear what she has to say about America, Jane Fonda. We have to be vigilant, you know, there's a cliche, democracy is not a spectator sport. So we can't just say, yay, we won, and then sit back, and that's it. We have to hold them accountable. We have to make sure the people we've elected do what they've promised and make life better for working Americans, and I think they will, because I know a lot of them. I've been traveling the country, helping them get elected. No one knows the working Americans like Jane Fonda. I have another cliche. Don't listen to the horse's ass who posed on an anti-aircraft gun aimed at American troops. I don't know, maybe it's a little cliche. That's where I am on that already folks coming up. We're going to get to people who are quitting, maybe not quitting inside the administration lot. Rumors out there in the rumor mill, but you're only going to be able to hear that. If you are a daily wire member, so become member today, get even more analysis, news coverage access than that. Listen, I know we're all depressed. I know we are, but there is light at the end of the tunnel, and the fight begins right now. Okay, when you lose, that's when the fight is really on. Okay, so the fight is on. You need to join up. You need to help us out here at daily wire so we can continue to bring you the best content possible, including our brand new movie Confession, which comes out next week. I'm not sure there's ever been a better time to release a spiritually edifying anti-communist film than now. So if you want to see it, and it is fabulous, become a member, use Coach Shapiro. Check out for two months free on all annual plans. Click that link in the description and join us. Oh, there I used to feel Christ. I cannot feel anything here. They take me out of my bed, and they brought me here, and they tell me nothing. What have I done? Article 58. Counter-revolutionary activity. That is all I know. They have to deal with so many enemies of the state, all of whom claim their innocence, who protest, who cry. There are no answers here, other than the ones they put in your mouth. Your break. Today is your opportunity to demonstrate your loyalty to the people. I would like to know why I'm here, of course, but you're already now, don't you? You must leave in something greater than the party. You will remember your duty, but I told you I don't know nothing. They ground like a fair all-man. You stink of failure. You want me to lie. Still a drunk. Damn you. They all break. Maybe. I've talked about SimplySave before, but I appreciate it is that it's designed to help stop a break-in before it ever happens. Right now you can save 70% on a new system with professional monitoring, it's their biggest savings of the year. Simply saves smart, AI-powered outdoor cameras watch for potential threats and alert. A live U.S.-based security agent. That agent can assess the situation and intervene through the camera in under 30 seconds, letting the person know they've been spotted, requesting urgent 911 dispatch when necessary. And that's why I recommend SimplySave. Head on over to SimplySave.com/apiro. 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