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00:00Start the clock.
00:30Thank you, people.
00:42How you doing?
00:45Welcome to Raining Los Angeles.
00:47Thank you so much.
00:51I appreciate it.
00:53Thank you very much.
00:56Anyway, look, I'm always very grateful when anybody comes out in the rain in this town.
01:08It's so funny.
01:09I love rain in L.A.
01:10The same people who never stop telling you to hydrate, hydrate, hydrate, freak out when water falls from the sky.
01:18But the good news, the shutdown of the government is over.
01:24Okay.
01:24And all that really happened was they canceled some flights and some poor people went hungry, although not hungry enough to eat the leftover airline food.
01:34But now, it's not so good we can get back to the important business of government reading a dead pervert's e-mails.
01:49We're doing this again?
01:52Again, Epstein?
01:53Have you been following the Epstein story?
01:54I feel like I've seen this movie four times.
01:56Right, where they release it, and there's always more.
02:00So this week, Democrats release some damage.
02:03Of course, each party's going to try to get the other one to say Trump is guilty or not.
02:07Democrats release some stuff, damaging to Trump.
02:09Then Republicans release their own stack of e-mails.
02:12Does everyone have e-mails?
02:15When you get elected, they give you your security badge, the key to your office, and here's your box of Epstein files.
02:21They just release them endlessly.
02:26I mean, they're like beetle tracks from the vaults.
02:30They just keep coming out, and out it never ends.
02:34Apparently, they said according to an AI study of this, I don't know why they had to use AI for this.
02:39I can use find on my computer and find somebody's name.
02:42But apparently, according to AI, Trump, in Epstein's e-mails, is mentioned 1,500 times.
02:50Trump doesn't talk about Trump that much.
02:55Wow.
02:56And one of them says, now the president denies this.
03:03Let's be very clear about that, litigation-wise.
03:06The president dies this, but one of the e-mails apparently says that Trump, quote, knew about the girls.
03:13See, this is why Hillary destroyed her server with a hammer.
03:16Okay, I did this.
03:18Sometimes you've just got to go to the hammer, people.
03:21The hammer.
03:24Okay, so now we have this ridiculous back and forth.
03:27This is what we're going to spend our time at, between the parties, to say that Trump is either guilty of this or not guilty of this.
03:32Another one of the e-mails, Trump denies.
03:36Says that Trump spent hours with one of the girls.
03:41A simple explanation.
03:44It took her that long to explain to him that it's the consumers who pay the price for the tax.
03:50But, of course, then Republicans point out, and this is true, that that girl that they're talking about, she herself said she was with Trump for a long time.
04:05And he didn't do anything.
04:07Nothing bad.
04:07So the Democrats said, well, okay, well, then why is Trump so hard, working so hard to try to get these things from not coming out?
04:15And he is working very hard to do that, including, you know, they met with just Ghislaine, Ghislaine, whatever her fucking name is.
04:28Ghislaine Maxwell, who's in prison, you know, she's an enabler to this.
04:33And put her into a cushier prison, where she's apparently getting unlimited toilet paper.
04:41This is what I'm reading about.
04:43She's getting unlimited toilet paper.
04:45Yeah, why help her?
04:47She was part of a pedophile ring.
04:48I mean, Obama was president for eight years.
04:51I don't remember him ever saying, hey, how's Jared from Subway doing?
04:54Is he getting enough toilet paper?
05:00But, and the Republicans say, this is also valid, if Epstein was really running this international sex trafficking ring,
05:13how come in 20,000 pages of documents, there's not one email about running a sex trafficking ring?
05:21I mean, can you really keep all this in your head?
05:24Uh, is, is, is today Christie with the prince and Candy with the duke?
05:32Or Candy with the prince and Christie with the duke?
05:37Somebody's got to write this shit down.
05:41But I love that this is so Trump.
05:43Now, what he did today was that Trump is instructing the Justice Department to look into Clinton,
05:49Bill Clinton's involvement with Epstein.
05:52I, I love this, using the Epstein files to distract from the Epstein files.
05:59He's, Trump said, I will not rest until I get to the middle of this.
06:05Uh, and of course, this comes at a terrible time for the president because he's got a lot of big issues, you know, some of the blame for the shutdown.
06:19And also, you know, prices.
06:22He keeps saying prices have never been lower.
06:24Well, you can lie to people about a lot of things, but they know how much money they have, okay?
06:29They know what the prices are in the stores.
06:31Everything is up.
06:32He's lowering tapas now on coffee because that was out of control.
06:35But produce, bananas, cucumbers are, are so high now that women are having sex with their husband.
06:42It's, uh...
06:43So...
06:46So his approval rating has now dropped into the 30s.
06:52You know, I, I, I...
06:53If it gets any lower, I don't know what's going to happen, but I wouldn't want to be Venezuela.
06:57Yeah!
06:58Uh...
06:59You know, we've, we've now killed, killed 80 people in small boats for what the military says.
07:07They're not sure what those people were doing, and we just murdered them.
07:11There must be easier ways to get a Nobel Peace Prize.
07:14That's all I have to say.
07:15All right.
07:15We've got a great show.
07:17Karine Zaccari and Josh Barrow are here.
07:19But first up, here's a professor at NYU's Stern School of Business and author of the number one best-selling book,
07:25Notes on Being a Man, Scott Galloway.
07:28Woo!
07:30Scott.
07:31Wow, look at you all dressed up for me.
07:34All right.
07:34All right.
07:34I noticed you didn't wear a tie when you were on the panel.
07:43Everything else is dirty, Bill.
07:44Yeah.
07:45But, uh, listen, uh, I read your book, very interesting stuff.
07:50You've been on this case for a long time, ahead of a lot of people.
07:53It's sort of a, a cottage industry now, talking about men in crisis.
07:57Just tell me briefly why, not that it's a competition.
08:01Right.
08:01But give me the statistics on why you think men are more in crisis than women.
08:07If you walk into a morgue and there's five people who died by suicide, four are men.
08:11Uh, we have an opiate and a homeless crisis, but to be more accurate, we have a male opiate
08:17and a male homeless crisis, three times as likely to be homeless or addicted, 12 times
08:21as likely to be incarcerated.
08:23So, you know, but I, I want to be clear.
08:26It's not a competition because we can still recognize the immense challenges women still
08:30face.
08:31They go to 77 cents on the dollar when they have kids.
08:33Uh, non-white black and Latino family wealth is about 20,000 versus 160 for, for white families.
08:41So, you know, empathy is not a zero sum game.
08:44We can recognize this, the immense challenges non-whites and women still face while recognizing
08:49that no group has fallen further faster than young men and the country and women aren't
08:53going to continue to flourish as long as young men are flailing.
08:56Yeah, I think that's one of your big points is that we are kind of, it's true, everybody
09:00is suffering, but we're kind of stuck in a past paradigm where we don't say it about
09:05the men as much.
09:06And you're, you're kind of shining a light on that and, and, and talking about, I mean,
09:10just for example, the number of men, I didn't realize this until I read the book, who, the
09:15percentage who live at home still live with their parents.
09:19What are, what are those numbers?
09:20Uh, it's about 30% of men under the age of 25, one in three are still at home.
09:25One in five are still at home by the age, uh, by the age of 30.
09:30So, yeah.
09:31Is that, is that economic or emotional or both?
09:33Yes, it's one, um, men aren't, I mean, effectively what you have is they're up against this indomitable
09:41enemy and that is 20% or 40% of the S&P is now 10 companies whose primary mission is to
09:47get you as glued to a screen for as long as possible.
09:50Any minute they can keep you on a screen longer is billions of dollars.
09:52And a young man's brain, which prefrontal cortex is less mature, is more susceptible
09:57to that need for DOPA.
09:59So what we've literally done, Bill, is unwittingly built an economy which is dependent upon our
10:04ability to evolve a new species of asocial, asexual males.
10:09And what you have is big tech, who is not our friend, is trying to sequester people, especially
10:13young people, especially young men, from the most important thing in their life, and that
10:17doesn't make you hornier, I mean, if I had, if I had a phone, I mean, you know, I had playboys
10:32that we buried in the woods, that, like, really showed nothing, I mean, and we were very excited
10:39about that.
10:40Yeah.
10:41Doesn't it soup them up even more to see this, no?
10:44No, it reduces their mojo.
10:46I think that everybody needs a code, and I think young men would really benefit from a
10:50code that they used to get from the military or church or school or their family.
10:55But I think, loosely speaking, a code of being a provider.
10:59In a capitalist society, you need to have people who are economically viable.
11:03Men are disproportionately evaluated based on their economic viability.
11:05They have been for a long time, they will be for a long time, too.
11:08The whole point of being prosperous is such that you can move to protection.
11:13The most masculine jobs, firemen, cop, military, they're in the job of protection.
11:17And then the one that gets the most pushback is procreation.
11:20And that is, I think we have demonized and pathologized a young man's desire to have a
11:24relationship and sex.
11:25And the bottom line is, we need to embrace it, it's a wonderful thing.
11:28When men are willing to take risks, develop a kindness practice, show resilience, dress
11:39better for God's sake, shower, work out, these things are really important.
11:44And they teach people, young men, the most important thing in life, and that's the following.
11:48Your ability to endure rejection.
11:50If you want to score above your weight class economically or romantically, then get ready
11:56to get out a big spoon and eat shit.
11:58Your ability to endure no, the only way you ever get to amazing yeses is with a lot of noes.
12:04And my biggest fear about porn, which is increasingly becoming synthetic and more lifelike, is it reduces
12:09men's mojo to get out of the house.
12:11Or put another way, the less time you spend watching porn, the more likely you are to be the
12:17star of your own porn.
12:18Yeah, that's true.
12:22I'm very glad I grew up in the era I did.
12:27Yeah, very much so.
12:29And, you know, I was very shy as a kid.
12:33I mean, I could have had such a better adolescence if I could have talked to a girl.
12:38And, you know, I read books about people who overcame their fears, you know.
12:43He was afraid of lightning, so he tied himself to a tree during a storm.
12:48You know, stuff like that.
12:50Really, all these things that people do, snakes, cider, whatever you're afraid of.
12:54The number one thing men are afraid of is girls.
12:57Yeah.
12:57It's not fucking lightning.
12:58It's girls.
12:59Yeah.
12:59It's just, there's something about that rejection of going up to somebody, like you say, cold.
13:06And you just have to get through that.
13:09And I feel like we are further from that than ever.
13:11I mean, kids don't even want to answer the phone.
13:14Yeah.
13:14They find that a little too alarming.
13:17Unless you text first.
13:19Forty.
13:20Forty.
13:22Really?
13:23Because that's passive.
13:24Because you answer, nobody sees you.
13:26They don't see your reaction.
13:27You don't have to come up with a conversation.
13:28A hundred percent.
13:29Forty-five percent of men, 18 to 24, have never asked a woman out in person.
13:34Sixty-three percent of men under the age of 30 are not even pursuing a relationship.
13:40And if you think about the most rewarding things in your life, I mean, the things that
13:43really matter, they are essentially relationships.
13:47What do they all have in common?
13:48They're really damn hard.
13:50And unfortunately, big tech, the most deep-pocketed, godlike technology in the world, is trying
13:55to convince young men that they can have a reasonable facsimile of life online.
13:59Why go through the pecking order of trying to establish friendships when you've got Reddit
14:02and Discord?
14:03Why put on a tie and navigate the corporate world when you can trade crypto or stocks on
14:07Robinhood or Coinbase?
14:08And why would you go through the effort, the expense, and the potential rejection and humiliation
14:13of establishing a romantic relationship when you have porn?
14:17I believe, slowly but surely, we're going to start to see fewer and fewer young men out
14:21in the wild because they're going to decide to sequester.
14:24And if I could say anything to young men, it's that the anxiety and depression you will
14:28eventually feel in your basement sequestered from other mammals is far greater than the
14:34fear of anything that lays outside of that room for you.
14:37Get out of the fucking basement.
14:38Get off your phone.
14:39I read in the paper today that 40% of younger women want to leave America permanently.
14:52I thought it was because of Trump, but apparently it's this.
14:55I guess it's somewhat of both.
14:58But, I mean, that's an amazing statistic.
15:01So if you go, I don't have data on this.
15:03This is just anecdotal.
15:04But, it is true.
15:05When I'm out and I meet women at a drinking or a social setting, essentially the narrative
15:11is something like this.
15:12I'm here.
15:13I'm single.
15:14I'm ready to mingle.
15:15And, I look amazing.
15:17They're saying this to you?
15:19Crazy, right?
15:20No, I'm just asking.
15:23I asked them.
15:24I'm just asking.
15:25I asked them.
15:26Oh, I see.
15:27You want to roll later?
15:28Oh, it's a survey.
15:29I get it.
15:29Yeah, I get it.
15:30I'm doing a survey.
15:31But, men aren't approaching them.
15:35Right.
15:36And so you basically have this lack of mating.
15:39And what you have is essentially, I mean, distinct of what The Atlantic and The New York Times
15:45will tell you, 80% of women still expect the men to initiate romantic contact.
15:48Yes, they do.
15:49And one of the things we...
15:50As they should.
15:51One of the things we as men really have to train our boys or give them the skill around
15:55is, one, to endure rejection, but also to figure out a way to express romantic interest
16:00while making that person feel safe.
16:01And guess what?
16:02If I say to someone, hey, I'd like to be your friend, I'd like to roll, or I'd like to grab
16:06a football game, and they say no.
16:08Or if you approach someone and say, you know what?
16:10Let's grab coffee, and they say no.
16:12Guess what?
16:12You're both going to be fine.
16:14Take those shots.
16:25You don't want to grab a football game.
16:28No, I meant for guys.
16:30Establishing one out of four men can't name a best friend.
16:33One out of seven men doesn't have a single friend.
16:34And a gateway to better relationships, quite frankly, is oftentimes friendships.
16:39And without a romantic relationship in the garden, there's this cartoon of a woman in
16:42her 30s who didn't find romantic love.
16:44What a tragedy.
16:45Guess what?
16:46She's just fine, Bill.
16:47Men need relationships more than women.
16:49Widows are happier after their husband dies.
16:53Widowers.
16:53Widowers are less happy after their husband dies.
16:56If a man hasn't cohabitated or married a woman by the time he's 30, there's a one in three
17:01chance he's going to be a substance abuser.
17:03I am not a substance abuser, okay?
17:18Men, this is the reality.
17:20Men need relationships more than women.
17:22Well, okay, right, but not everyone has to be that kind of relationship.
17:26I mean, I know you say provide, protect, and procreate.
17:29Yeah.
17:29There's a lot of people who don't procreate anymore.
17:31Yeah.
17:31And we're not second-class citizens.
17:34And we, I mean, can I not be a man because I didn't, like, make a baby with a lady?
17:40No, look, kids aren't for everybody.
17:42I lived in New York through the majority of my 30s single.
17:45I found it at the end to be what I'd call an empty experience, but as far as empty experiences
17:49go, it was pretty good.
17:51But I have found purpose in having kids.
17:55Not everyone has to have kids.
17:57There is paternal and fraternal love you can give to all sorts of people.
18:00And quite frankly, I've been on this show six times.
18:02I don't know you well, but I know you.
18:04I think you're a little full of shit because you talk about not having kids.
18:08You, paternal and fraternal love from a man is one of the most rewarding things you can
18:12do.
18:13I don't care if it's the makeup artist or your producers.
18:15These people have been with you 25 or 30 years.
18:17You have kids.
18:18They're just wearing Time Warner badges.
18:20I agree.
18:27I've never had kids, but I'd love to raise a girlfriend.
18:30Anyway, the final thing I love that you said in the book to men, drink more.
18:41Because safetyism has, you know, this is one of the problems I have with certain people
18:46who make everything about safety.
18:48Safety is important.
18:49You can't overdo drinking.
18:50It is also, as you point out, a lubricant to get to that place where you are talking to
18:56other people and socializing.
18:57It's not to excess, but yes, drinking a little bit, maybe sometimes a little too much when
19:04you're adolescent, is probably better than sitting in that basement.
19:08The second worst thing to happen to young people is remote work.
19:16One in three relationships begin at work.
19:18This is where you find friends, mentors, and mates, and especially young men, need the guard
19:21rails of a workplace.
19:22But in my view, the worst thing that's happened to young people is the anti-alcohol movement.
19:27I've had Huberman on, who I'm a big fan of, and Atia on.
19:29And my point is that the risks to your 25-year-old liver are dwarfed by the risk of social isolation.
19:37In sum, think of all the amazing relationships you've had in your life, and be honest.
19:42Did alcohol play a role?
19:43In sum, get out, drink more, and make a series of bad decisions that might pay off.
19:48Yes!
19:50All right, great.
19:51Great book.
19:52Great to see you, Scott.
19:53As always.
19:54Scott Galloway, let's make our paddle.
19:59Hey.
20:01That's funny.
20:04Hey, guys.
20:05Okay, he is a contributing opinion writer for the New York Times and host of the Central
20:09Air podcast.
20:10Josh Barrow is right back with us.
20:12Hello.
20:13How are you?
20:13Good.
20:14And he's the host of CNN's Fareed Zakaria's GPS, and the New York Times bestselling author
20:19of Age of Revolutions, now out in paperback and with the new afterward.
20:22Fareed Zakaria is over here.
20:25Can I ask you a question, though?
20:27Do we have some wine that we can put in this?
20:31I mean, I really think it would help the conversation.
20:35I've always been on that page, and yes, you can.
20:37There was one night when Seth MacFarlane didn't have it, and we had to go apeshit and get
20:44it for him.
20:45They put it in the congressman.
20:46They mixed up the glasses, and the congressman wound up with the Jack Daniels, and of course
20:51Seth had the water, and we had to fix that.
20:53Wow.
20:54All right.
20:54So I want to get to your article that you put out today.
20:57I thought it was great.
20:58It's called Why Democrats Keep Flailing.
21:00I really can't argue with the premise, but also I have to point out on the other side,
21:05I think this was the single worst week for the president and his administration.
21:10I mean, not only is he going to get part of the blame, and we can discuss this in a bit
21:14for the shutdown, he looked like he didn't care to a lot of people whether they ate or
21:19not or whether their insurance premiums go up.
21:23Prices, as I said in the monologue, are higher.
21:27You can Baghdad Bob your way out of that just so long.
21:31People know how much money they have and how much they're spending.
21:34It's the one thing you really can't lie about.
21:36Marjorie Taylor Greene, you know, pretty big Trump fan.
21:40She was here a couple of weeks ago still, but she used the term gaslight.
21:44You can't gaslight people.
21:48I've heard the term Trump fatigue this week.
21:51And then on top of this, the Epstein thing, which was always, you know, these people got
21:57it in their heads a long time ago that there's a pedophile ring that runs the world and you
22:00can't get it out of their conspiracy-minded brains, is it possible Trump is a lame duck
22:07at this moment?
22:09Well, I think it is really interesting what's happening because for so long, it seemed as
22:15though there was nothing Trump could do that would affect his base, right?
22:19He famously said, I could shoot somebody on Fifth Avenue and I won't lose a vote.
22:23Yeah.
22:23And it looked like that was the case.
22:25It seems that there's at least not cracks, maybe the beginnings of some tremors.
22:31And I wonder why.
22:32I've wondered whether, because I'd add to what you said, immigration, right?
22:36He went on Fox and said, you know, legal immigration is good and that caused a huge problem.
22:42So it makes me wonder, you know, some parts of the two pillars of the MAGA base are basically
22:50conspiracy theories are good and foreigners are bad.
22:53And what Trump did is he basically has found himself caught in the middle of this conspiracy
22:58theory thing.
22:59He had promoted it.
23:00I mean, he had promoted the idea that there was a conspiracy theory about Kennedy's
23:04assassination, Robert Kennedy's assassination, Martin Luther King's assassination.
23:08He promised, I'm going to release all the files.
23:10Well, he did.
23:11There wasn't anything.
23:12And this.
23:12And this one now is the, right?
23:14So he's getting caught up in this.
23:16I mean, this was one of his big promises because he, I mean, one of the big pillars of the MAGA
23:19movement was QAnon.
23:21Right, right.
23:21They're still around, right?
23:23QAnon?
23:23Right.
23:24Okay.
23:25Right.
23:25So that's their thing.
23:26If you've been peddling.
23:27Is that pedophiles are running the world.
23:29And the Epstein thing gives, there's enough smoke there.
23:33Right.
23:33To think, this is the fire.
23:35We've, but it was Trump himself who said, I'm going to let you see all this.
23:40They feel betrayed, even the true believers.
23:43Yeah.
23:44I'm not a conspiracy theory guy.
23:45Like, I still think Epstein killed himself.
23:47And I think, you know, the official story actually makes a lot of sense.
23:50Like, the Bureau of Prisons was incompetent and didn't care sufficiently about the well-being
23:54of people in its custody.
23:56And Epstein's life had been destroyed.
23:58That's every prison.
23:58Why wouldn't he have killed himself?
23:59But I have been fascinated by Trump's desperation to keep at least some of this material out.
24:06Obviously, we're seeing some of it.
24:07Right.
24:07I don't, because we also, we know so much derogatory information about Donald Trump's character already.
24:13Like, including even in the press coverage of his dealings with Epstein in the 90s.
24:17And the womanizing that they were clearly doing together in Palm Beach.
24:21And that letter that the Wall Street Journal found with his signature as the pubic hair on the woman for Epstein.
24:27It's sort of like, are we going to learn that, you know, Trump treats women terribly?
24:31That Trump, you know, sexually assaults women?
24:32I mean, he's on tape, on the Access Hollywood tape, saying that he grabs them by the pussy.
24:36I mean, I guess, you know, the one thing could be if there was something with a minor.
24:40But then one of the things that's in one of these Epstein emails this week is Trump never got a massage.
24:45And so, you know, I don't, you know, I don't, I don't think that's in there.
24:49And so if it's just more like, you know, Trump terrible with women stuff, I mean, the electorate already elected him twice in full knowledge of that.
24:55But the problem is, you're exactly right.
24:58You know, it's probably all embarrassing stuff, but there isn't this grand conspiracy.
25:02But this movement has been told there's grand conspiracy about everything, right?
25:07So I agree with you.
25:08In general, I think my view on conspiracy theories is mostly incompetence is a better explanation of most of this weird stuff than conspiracy theories.
25:19People just are stupid and they make mistakes, and particularly in government, and people tend to want to believe that there's some evil machinations by the elites.
25:29But it probably is just incompetence.
25:33It's, yes, um, the, these, for people who haven't followed this very closely this week, these emails that came out now were all post their breakup.
25:45They had a breakup.
25:48This is kind of important to the story, I think, because Jeffrey Epstein was convicted.
25:54Now, the Democratic prosecutor, he was a Democratic donor, some people say that matters, was very easy on him.
26:02He probably should have got a lot more, but this is around 2008, 2009.
26:06He was arrested.
26:08He got, like, probation, home confinement.
26:11They just charged him with prostitution.
26:13I mean, these are underage girls.
26:15Somebody else could have had a way worse time of it.
26:19Okay, nobody dropped him.
26:22All those people, the Bill Gateses of the world, they kept being friends with him, except for Trump.
26:28Now, maybe that's because he was stealing the masseuses from the Mar-a-Lago.
26:33Trump said that himself.
26:34You know, they were stealing.
26:35Okay, but here are some of the lines from, we heard from this week, that, these are from Epstein.
26:42And again, this is post-breakup, and I don't think Epstein liked it that Trump wasn't talking to him anymore.
26:47I'm the one able to take him down.
26:50The dog that hasn't barked is Trump.
26:53I know how dirty Donald is.
26:56I mean, it's like from a Sherlock Holmes book, you know.
26:58I know, the dog that hasn't barked is Trump.
27:05And when Megyn Kelly said this week, well, Epstein wasn't technically a pedophile.
27:11Yeah.
27:12Because, you know, they were like 15 instead of 5.
27:15When that's where your defenders are going, let's be easy on the pedophiles and not to cast aspersions on people who go out with 15-year-olds.
27:28That's not a...
27:29I mean, I don't know, but I feel like this...
27:32And the people who he had in...
27:35He brought in Lauren Boebert to the Situation Room, because they got a situation.
27:39Yeah, to try to strike...
27:43Because it's her, Nancy Mace, who's been here, and Nancy Mace is a victim of sexual abuse, and Marjorie Taylor Greene, three of his biggest fans politically.
27:52But women, they understand about this stuff like we can never.
27:57And they do not want to give it up.
27:59Well, what you notice is, you know, to conform what you're suggesting, this is something that clearly Trump is nervous about.
28:08You know, with all the other stuff, I think he thinks he has his base.
28:12He has this extraordinary ability.
28:14He can campaign on the idea that China is the evil empire about to take over the world, and then he comes into office and says,
28:21Xi Jinping is my greatest friend.
28:23We're going to get on great with China.
28:24And his base is like, yeah, whatever, right?
28:27But on this issue, he seems very nervous, right?
28:31He's trying to deal with it.
28:33I really don't think it's his big problem this week, though.
28:36I mean, because, you know, this is like, I know how dirty Donald is.
28:38We all know how dirty Donald is.
28:40And, like, you know, we've learned so many terrible things about him over the years that just keep getting forgiven.
28:45I think what's different this week...
28:47Why try to squash it so much, then?
28:49Why he gave Ghislaine...
28:52Ghislaine.
28:53Ghislaine.
28:53He gave her a cushier prison.
29:00He took...
29:01They took two months to not seat this woman who won, this Democrat in Arizona, because she was going to be the 218th vote to make Mike Johnson make the Justice Department release.
29:12And, by the way, after all these times, there's still more?
29:15What the fuck is left?
29:16I don't get it.
29:17I'm sure there's something he really doesn't want out.
29:19What I'm skeptical about is whether it would fundamentally change his political position, because I'm sure he really didn't want the Access Hollywood tape out, and everyone thought that was going to destroy him, and it didn't.
29:29I think what's changed in the last month, and because, you know, his poll numbers really started deteriorating about two weeks into the shutdown.
29:33And I think the subtext to this is the deteriorating economy, and the fact that people are dissatisfied about prices, and they were dissatisfied about the food stamps interruption.
29:45And I think, you know, Donald Trump did a full four-year term with three years of a really good economy, and then the fourth year where the economy got turned upside down for reasons that were outside of his control.
29:53We've never really seen what politics looked like for Donald Trump at a time where people really feel that the economy is underperforming, and he's failing to manage it correctly.
30:01And I think what's going to happen, what's starting to happen, is that all the stuff people would cut him slack for when they were like, we elected this business guy to be the business president, and he's doing a good job of that, if it looks like he's failing to take care of that, that's when people start to care if he tears down the East Wing of the White House or any of these other scandals.
30:18I think that's his fundamental problem, which is why he does seem to be panicking this week about the price stuff, finding any way that he can to address that.
30:26The funny thing about that is he's saying, okay, prices are rising, so we're cutting tariffs, because tariffs, cutting the tariffs will lower the prices.
30:35But when he put the tariffs on, he vociferously argued it was not going to raise prices.
30:40So wait, if it didn't raise prices, why are you cutting them to lower prices?
30:45You know, it's like sometimes the math doesn't work.
30:47All right, so one of the big stories we covered last week is, kudos to Nancy Pelosi for stepping down.
30:58Stepping down is one of the great traditions in American history.
31:02George Washington.
31:04I see Ken Burns' big documentary on the Revolutionary War starting Sunday.
31:08I can't wait to watch it.
31:09I'm sure it's going to be awesome.
31:11George Washington could have been the king.
31:14No, I'm stepping down.
31:16You've got to step down.
31:17Well, this memo has not reached everybody in Congress.
31:20If Joe Biden had done that, he would be remembered as a hero.
31:24He's number one on my list there.
31:26But also, among Democrats who, you know, Eleanor Holmes Norton, who is 88, clear signs of cognitive decline, they say.
31:37She was recently scammed out of $404,000.
31:41Steny Hoyer, 86.
31:43These are people all who are not going to go away.
31:46Maxine Waters, 87.
31:48And I've always said, you know, it's a taste by case.
31:50I hate ageism.
31:52But, you know, this is the case.
31:55If James Clyburn, 85.
31:58Chuck Grassley.
31:58We don't count that high.
32:01I don't know how old that goes.
32:02But it's not just Democrats, but mostly them.
32:08So we put out this pamphlet called, Knowing When It's Time.
32:12This is for politicians.
32:15Knowing when it's time to get out of the way.
32:18Would you like to hear some of the one?
32:19Okay, well, for example, there's, uh, when you were first elected, was your state still a territory?
32:28These are ways you know it's really your time.
32:32Is your biggest donation from the pudding industry?
32:35This is, um, does all this talk about woke make you sleepy?
32:48Do you remember where you were when Garfield got shot?
32:51Have you ever given a speech from the back of a train?
33:04Have you ever been accused of having sex with slaves?
33:11Going into applause.
33:12Very rare.
33:13But, uh, when the speaker bangs the gavel, do you yell, come in?
33:16Um, and, do you refer to Metamucil as the nuclear option?
33:25All right.
33:26So, let's get into your issue.
33:33Because, uh, at the top of your article today, you say that the shutdown, you see, is a defeat for Democrats.
33:39I'm going to push back on that.
33:40But before we get into that exactly, let me quote more from your article.
33:44You talk about the Democrats.
33:45And, again, I can't argue with any of this.
33:48You said the fact that they didn't get what they wanted, and they did not, specifically.
33:53Again, I think there's another argument to be made.
33:55But they did not get what they wanted.
33:56They said they wanted to force him, with the shutdown, to go back to the COVID-era prices for Obamacare.
34:04They're going to go up.
34:05Didn't get it.
34:06They just got promised a vote, which is meaningless.
34:08Um, you say, uh, the Democrats promise a lot, but all you get is bloated bureaucracy.
34:15I agree with that.
34:16And inept execution.
34:18I agree with that.
34:19Affordability is really worse in government.
34:23If that's your issue, affordability, it's worse here and in New York and in places that are Democratic-run.
34:29These are all true things.
34:30They didn't solve...
34:31We spent $24 billion, you point out, here in California on the homeless issue, and it didn't get any better.
34:37I love the point you raised.
34:38I had never even thought about this, but I see it every time I'm in New York.
34:42You walk down the sidewalk, it's all this scaffolding.
34:45And I didn't realize you said, no other city in...
34:48No other city in the world has to do it.
34:49You walk to London or...
34:51You never see that, right?
34:52And they have buildings from the 14th century.
34:54It's like somehow...
34:56Somehow odd.
34:57I'm always walking through this scary fucking tunnel in New York.
35:03Always, it's like you're in this thing.
35:05It's like a haunted house, you know?
35:08Well, and I'll tell you what happened, because it's a wonderful example of how liberal governance works.
35:13I think in 1980, a cornice fell on a Columbia student.
35:18Very sad situation.
35:20She died.
35:21So they decide, okay, we're going to put these elaborate safety rules in.
35:24And now, of course, there's a whole industry of contractors, consultants, builders.
35:30And guess what?
35:31Everything takes five times as long as it has to, because it is legally required.
35:35That's safetyism.
35:36Exactly.
35:37So you've created the safety industrial complex in New York, you know?
35:41But here's the alternative on the idea that Trump is not the winner here on the shutdown.
35:58I think what the Democrats were trying to do was make health care an issue, which it kind of, for some reason, has never really been.
36:07And it's the one issue where the public gives the Democrats higher marks.
36:12And they had to get people to notice, this is who's doing this to you.
36:17This is who is going to make your premiums go up.
36:20So it may not look good for the Democrats now.
36:22I think in the future, it will.
36:24No, I think the Democrats won the shutdown.
36:25I think that, you know, you can see it in the president's poll numbers, which are much worse than they were at the start of the shutdown.
36:30I think it's partly the health care issue that you raise.
36:32And it's also food stamps, which I think Democrats didn't quite realize they were going to make an issue through this.
36:36But because the president made this choice to try not to pay out food stamps.
36:41Because, you know, if the president wants to do things, he does them.
36:43He tears down the East Wing.
36:45He's done all of these things to move money around within the federal budget to try to pay for programs that weren't authorized.
36:50But on food stamps, his view was, no, we're going to make this painful for Democrats.
36:53We're going to say we're not sending food stamps.
36:55They even told states that they weren't allowed to make the food stamp payments with their own money.
36:59They sent memos to them and said, if you started doing this, you have to go claw the money back from those people.
37:03And so people saw that, and that's been very unpopular.
37:06And so I think that they, you know, to the extent that you can win a shutdown, and, you know, what we've seen historically,
37:11we've only had government shutdowns since the Carter administration,
37:14because Carter had this persnickety memo saying if the appropriations run out, you have to close the government.
37:18They used to just keep running before that.
37:20There have been eight of them.
37:21They have never produced a major policy concession for the party that was demanding something.
37:25Neither Republicans nor Democrats have ever made this tactic work.
37:28So this outcome...
37:29Then why do they do it?
37:30Because people are mad, and because Democratic voters are mad, they're like, you know,
37:34well, why don't you stop him?
37:35And the thing is, like, that's why you have to win elections, so that you can make public policy.
37:39Yeah.
37:39And, but I think, you know, they weren't, there was so much demand for a shutdown, not just from, like, the quote-unquote base,
37:48but even from Democratic elected officials who have been driven insane by the way that Trump has behaved even differently from his first term,
37:55sometimes in ways that are mostly of importance to people within Washington.
37:58He's done things to do with the appropriations process that outrage Democratic senators and members of Congress that haven't really connected with voters.
38:06But that's why they have no patience whatsoever.
38:08And so I think they needed to show, like, this tool is available.
38:11We have to check and see if it works.
38:12Well, look, I hope you're right, and I think the point you made is really important, which is getting health care on the agenda would be important,
38:20because I think, you know, behind all this tactical stuff is here's the reality.
38:25What the Trump budget, what this big, beautiful bill budget will do,
38:29the Congressional Budget Office says it will throw 11 million people off health care.
38:34It is going to take people off Medicaid.
38:37You have an extraordinary health crisis that is coming because these people are being pulled off.
38:43They've put all kinds of work requirements, which is all bullshit,
38:47because only about 8% of people who get Medicaid actually are not working.
38:5292% of the people are working.
38:54And it is going to exacerbate a problem that Obamacare had actually begun to stop,
39:00which was the wide gap in America between health outcomes,
39:05depending on whether you're rich or poor.
39:07So in the United States, you're talking about men with Scott.
39:10The men in the top 1% of the income distribution have 15 years' extra life expectancy than men in the bottom 1%.
39:20There is no other civilized country in the world where you have this kind of gap.
39:25Obamacare had begun to close that gap very substantially.
39:28It's going to start widening again.
39:31Obamacare might actually unravel, because what's going to happen is,
39:34you know, the young and healthy people won't buy insurance?
39:37Well, now we're going to have Trump care.
39:39He says, you know, I can't believe this.
39:42He said, and basically, I'll just go to the bottom line,
39:45we're going to go around the insurance companies.
39:47We waited 10 years for this.
39:49This is the big idea.
39:51He's just going to give people $2,000 to everybody.
39:55It sounds like it's not just the people who need it.
39:57Just like everybody's going to get $2,000, and then you get to buy the health care you want.
40:03This can't work, right?
40:06Not if you get cancer.
40:07What will happen is, you basically will have young, healthy people will buy very cheap health care.
40:15Right.
40:16The things like Obamacare and Medicaid will be stuck with all...
40:20Do the young have to in this plan?
40:21You can get very cheap...
40:23No, but is he making the young...
40:25I mean, there is no plan.
40:26No plan works in health care unless you make the young...
40:29Exactly.
40:29...buy it when they don't need it so that later on in life, looking ahead, kids...
40:34...then it will be there for you.
40:38This is how a society works.
40:41The thing, though, where I'm a little bit skeptical about the strength of this specific issue for Democrats in this election
40:47is that, you know, the premiums are going to go up, and people are going to get letters in the mail
40:50that'll say, like, your United Health Care premium is going up.
40:53Yes.
40:53And so, for them to draw the connection that, actually, that was Trump who caused this private company to charge you more for this thing,
40:59I think that message is hard to get through.
41:00And then also, the subsidy levels that we're going back to that Democrats are decrying Republicans over,
41:05these are the original levels that were written into the law under Obama
41:09that were supposed to be sufficient to get people to go out and buy health insurance.
41:12And what we found was that people were actually not as interested in buying health insurance at this price
41:17as we thought they were going to be.
41:19People find it to be a bad value, in significant part because we have the highest prices in the world.
41:23Like, a sixth of our economy is health care now.
41:25And so, when you show people, yeah, you pay, you know, whatever it is, $24,000 a year for dual coverage for a couple,
41:32which is what you're looking at in New York for a mid-level plan,
41:35and then you have a deductible of several thousand dollars on top of that,
41:38I mean, of course people think that's a terrible deal.
41:40And even when it's subsidized and they're paying a fraction of that, people still find it shockingly expensive.
41:45And so, I think, you know, I think this issue is partly less powerful for Democrats as they expect
41:51because the offering they've spent so much time putting together, just even at the subsidized price,
41:55is not that attractive to the law.
41:56Look, the American health care system is crazy, and not to get too wonky about it,
42:00but your basic point is the right one, which is no insurance system can work
42:05if the people who don't really need the insurance opt out.
42:08Right.
42:09Like, if you say in a car insurance, all the older middle-aged drivers don't have to pay,
42:14only the young men have to pay, you can't have an insurance system like that.
42:18It has to be pooled risk, and if you give people the money, they'll opt out.
42:24Yeah.
42:24And also, on the health care front, we're all going to get, not free, but greatly reduced Ozempic.
42:31That was...
42:32And that, it's popular.
42:39Americans have been waiting forever for the magic pill that let them escape the rigors of eating right
42:45and exercising, and they finally have it.
42:50Now, I wouldn't take it.
42:51I mean, what the effects are...
42:53Well, you don't need it.
42:55You are quite thin.
42:57You look quite thin.
42:59Yes, I've been on Wagovi for two years, and I've lost almost 40 pounds.
43:02Well, they're...
43:03And, okay.
43:05Should we clap?
43:06Yeah.
43:07How does it work?
43:07No.
43:08Yeah, it works.
43:09No, no, no.
43:09It is indeed...
43:11No, no, you clap for achievement.
43:13You clap when people say, that's not an achievement.
43:16I'm married 40 years.
43:17That's an achievement.
43:18People...
43:18Oh, yeah.
43:19That's amazing.
43:21But, okay.
43:23But here's the deal.
43:23Trump, I've said this many times, he is the master at picking out these little issues,
43:29like tips for waitresses, you know.
43:30Pick out 1%, 2% of the population that's going to go nuts about this.
43:35And this is a great issue for that, if that's your method of winning votes.
43:39Because people do like this stuff.
43:40It is kind of the magic bullet.
43:42Now, maybe it'll be a magic bullet with no side effects.
43:44I've never seen a drug like that.
43:46There are people like Jillian Michaels who say, all you have to do is read the website.
43:53Side effects, thyroid tumors, gallbladder problems, pancreatitis, kidney issues, vision loss, stomach problems.
44:00It's a class action lawsuit about stomach paralysis.
44:02I assume you've had none of these problems.
44:04And most people probably have not.
44:07Yeah.
44:07But it is a bit of, I mean, if, I mean.
44:11You have to weigh that against the huge health benefits that come from not being overweight or obese.
44:16Sure, exactly.
44:17And then they also, they keep finding new additional benefits.
44:20You know, that people are less likely to have kidney disease and various other things.
44:24It really seems to produce tremendously improved outcomes for a lot of people.
44:28And, you know, I don't think this.
44:29Drug addiction, right?
44:29I don't think that, yes, it helps with drug addiction for some people.
44:32And so I don't think this is a small issue for one or two percent of people.
44:35I mean, probably more than half the country is a good candidate for these drugs.
44:39And they've already been coming down a lot in price.
44:41When I went on it a little more than two years ago, the price, the effective cash price was about $1,100 a month.
44:47It's come down already to $500.
44:48It's supposed to go down to $350 under this plan that Trump has announced.
44:51And, you know, you have two drug companies that make the drugs, so they have to compete with each other on price.
44:56And as that comes down, it's going to come into the reach of more and more people.
45:00And it's also going to be more reasonable for the health insurance companies to cover it.
45:02Because one of the things they've been worrying about is it's going to cost a fortune if we have to put a lot of people on this drug that's $6,000 or $7,000 a year.
45:08But when it comes down to $2,000 a year or something like that, it starts to look a lot more cost effective.
45:13Look, of course you want to, you know, make sure that the side effects are not too onerous.
45:17But as you said, the initial results are really quite extraordinary.
45:22I mean, you can attest to that better than anyone.
45:25But so much of America's health problem is obesity.
45:30That if you actually, if you have this drug that brings down obesity, it actually could be a magic drug for health care costs as well.
45:38Yes.
45:38Because so much of the cost is dealing with the consequences of obesity.
45:42Oh, I made that point and paid the price.
45:44All right.
45:46It's time for new rules.
45:47Okay.
45:55Now that Berkeley police have arrested a man who hid in a sorority house, watched the women in their communal shower, and stole their underwear,
46:03they have to tell us how handsome he was.
46:08That way, when we make the movie about this, we'll know if it was funny or scary.
46:12Okay, scary it is.
46:21No, people who say, I'm listening to what the universe is trying to tell me have to understand something.
46:26That's called thinking.
46:28The far end of our observable universe is 93 billion light years away, so it's probably indifferent to whether you quit your job at the coffee beer.
46:44You know how I know this, because I'm standing right next to you, and I don't give a shit.
46:54Newell, condolences to the family of the man who died falling into the Grand Canyon last week, but you have to admit, it is kind of a big hole to miss.
47:08I mean, I can see twisting your ankle in rough terrain on a hike, but who goes to the Grand Canyon and says, I didn't see it there?
47:25It's a Grand Canyon.
47:31Why do you think they say the views are breathtaking?
47:36New rule, Taylor Swift must not wear her highest hooker shoes when going out with her shortest friend.
47:43This doesn't look like two friends going out to dinner.
47:46It looks like Animal Planet video of Predator and Prey.
47:49New rule, now that the Labor Department has put out all these inspirational posters designed to rouse and pep up the American worker
48:03with taglines like, Build America's Future, and Your Nation Needs You, and Blue Collar Boom,
48:09they must tell us, which dating site for gay white men did they steal them from?
48:13And also, this is purely out of curiosity, but how much is it for the Blue Collar Boom?
48:30And finally, new rule, Democrats must recognize that Zoran Mamdani is the future of the party.
48:37Unfortunately, it's the Republican Party.
48:39I'm going to say it.
48:43Get it?
48:45And if you missed his victory speech in last week's mayoral election in New York, don't worry.
48:50You'll see it in every attack ad for the next two years.
48:55Now, Mamdani seems like a nice guy, and I congratulate him on an extraordinary political achievement.
49:01But before the whole left side of the country catches socialism fever,
49:06let's listen to the other big winner in last Tuesday's election,
49:09Virginia Governor-elect Abigail Spanberger, who, before the 24 election, said things like,
49:16if the party didn't shift to the center, we will get fucking torn apart.
49:19And we need to never use the word socialist or socialism ever again.
49:25Well, she was right, but they didn't listen.
49:28Typical, am I right, ladies?
49:29Well, at least the party has a clear choice here, very clear.
49:42One wing is saying, don't ever use the word socialist again, and one is saying,
49:48I am a democratic socialist!
49:50Clear, huh?
49:53So how do we decide who's right?
49:56Well, it turns out we don't really have to flip a coin.
49:58We have the evidence.
50:00In 2024, 13 Democrats won.
50:03In districts, Trump also won.
50:06All moderates.
50:08This isn't rocket science.
50:10All the left-leaning think tanks have done autopsies on 2024,
50:14and they all came up with the same message.
50:16Move to the center.
50:18Even the New York Times, which did so much to promote woke politics,
50:23now says, the partisans are wrong.
50:25Moving to the center is the way to win.
50:28And Democrats should recognize the party moved too far left on social issues
50:32after Obama left office.
50:34Gosh, if only someone had been saying that all along.
50:39But, you know, welcome home.
50:48Problem is, Gen Z thinks socialism's wired,
50:53and capitalism's tired, and billionaires are what's for dinner.
50:56And who can blame them?
50:58If you're 30 and still sharing a bathroom with roommates,
51:02capitalism isn't working for you.
51:04People will reject any economic system
51:07where there's all strange hair on the soap.
51:15No one wants to be approaching middle age
51:17and still writing their name on food
51:19before they put it in the fridge.
51:22So they're quitting, quiet quitting capitalism
51:25and texting socialism that they're down to fuck.
51:29Thing is, socialism will fuck you.
51:32Because socialism, to put it simply,
51:34just doesn't work and has never worked.
51:37Like Kevin Federline.
51:38I know the kids think that stuff that happened
51:48before their appearance on the planet
51:50didn't really happen, but it did.
51:52We've run this experiment many times,
51:54and the results are always obvious.
51:57Here's capitalist South Korea at night from space.
52:01Here's socialist North Korea.
52:03Yeah.
52:03In 1990, Venezuela was wealthier than Poland.
52:08But then Poland, finally free of Soviet-style economics,
52:11went all in on capitalism.
52:13And now their economy is as big as Japan.
52:15And people there have high wages, low inflation,
52:18cars, vacations, homes.
52:22Meanwhile, Venezuela traded capitalism
52:24for Hugo Chavez's Socialism for the 21st Century,
52:28which turned out to be like socialism in the last century,
52:30or any century, a fucking mess.
52:33It turned one of Latin America's richest countries
52:42into one of its poorest.
52:43Low wages, high inflation, shortages, outages,
52:478 million people fleeing.
52:49If you think New York can somehow reinvent this wheel,
52:53you're in for a rude awokening.
52:54Zoran can't make your wishes come true.
53:03You're thinking of Zoltar.
53:13Democratic socialism is like a dating profile.
53:16Things look great until you meet up in the real world.
53:18For example, Bernie Sanders,
53:21his big thing was always bringing single-payer health care
53:24to our country of 340 million.
53:27But when liberal tie-dyed Vermont
53:30tried to do it for a population of 626,000,
53:34it collapsed like that poor fuck in the Oval Office last week.
53:37Bernie, AOC, Mandani are not Democrats.
53:48They'll be the first to tell you that.
53:50They're Democratic socialists,
53:52and that's a very different thing,
53:54and I don't think people know that yet.
53:55I don't think people realize
53:57we already have a lot of socialism.
54:00Social Security, Medicare, Medicaid,
54:03unemployment insurance, food stamps,
54:06veterans' benefits, Pell grants,
54:08COVID-era payments,
54:09farm subsidies, disability payments,
54:11Fannie Mae, Freddie Mac,
54:13corporate bailouts,
54:14and the jobs program that is building weapons
54:17the Pentagon doesn't even want.
54:19All that is socialism,
54:21much of it appropriate to soften the edges of capitalism.
54:24But the DSA are radicals about this concept,
54:29and radical economic policy
54:31is always ineluctably married
54:33to radical social policy.
54:36Their platform, for example,
54:38calls for completely open borders.
54:41They're for what Biden was doing, but more.
54:45You think you're going to win an election on that?
54:49This just seems like more extremism
54:51at a time when Americans are begging both parties,
54:54please, could just one of you act normal?
54:59It's either defund the police
55:09or military in the streets.
55:11Either MAGA's crypto-crony capitalism
55:14or city-run grocery stores?
55:16No, I don't want that.
55:17I want a Democrat who reassures me
55:19if you like your Whole Foods,
55:21you can keep your Whole Foods.
55:22Governor-elect Spanberger once said
55:30about Biden's presidency
55:31that, quote,
55:32nobody elected him to be FDR.
55:34They elected him to be normal.
55:37Normal!
55:38You know, at this year's DSA convention,
55:41or as it's commonly known,
55:42Comic-Con,
55:43get this,
55:47you had to submit a photo
55:48of a negative COVID test to get in.
55:51In 2025.
55:55Yeah, no one wants to do that shit again.
55:57We've had enough of Trump's macho bullshit
56:00and also enough of pussy politics.
56:03These, yeah.
56:04These Democratic socialists
56:11at another of their conventions,
56:13they were told to make jazz hands
56:15instead of clapping,
56:17lest some delegates suffer sensory overload.
56:24And also,
56:26and I'm not joking,
56:27they were told not to be wearing,
56:29you know,
56:29any aggressive scents.
56:31Please don't go into that space
56:34with anything that's like
56:35an aggressive scent,
56:36for instance, right?
56:38Because that's going to be difficult for people.
56:40Oh, for fuck's sake.
56:41This...
56:42Really?
56:49This is who the Democrats
56:50are thinking of following?
56:52You know, Chuck Schumer ain't perfect,
56:53but at least he doesn't crumple into a heap
56:55when confronted with Chanel No. 5.
56:58You may now clap in the traditional way.
57:01Thank you very much.
57:03All right.
57:03That's our show.
57:04I want to...
57:04Josh Barrow,
57:06Clarine Zakari,
57:07and Scott Galloway.
57:08Club Random drops every Monday on YouTube
57:10or listen wherever you get your podcasts.
57:12Now go watch Overtime on YouTube.
57:14Thank you very much,
57:15ladies and gentlemen.
57:17Thank you very much,
57:35and we'll see you in the next one.
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