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00:04Start the clock.
00:36How are you doing down there?
00:40The whole crowd is here.
00:47Great to see you.
00:50Thank you so much, people.
00:52Look at that.
00:57Thank you so much.
00:58I appreciate that.
01:01Look at that.
01:02Look at all these people.
01:04We sold the place out again.
01:06Every week we're a sellout here.
01:09So listen, I'm glad you're in a good mood because a little scary stuff here, you know, with the war
01:13going on.
01:14They say Iran may be sending war drones to attack California.
01:19California.
01:21Why California?
01:22Well, they say maybe because there's so many Iranian dissidents here,
01:25or it may be a last-ditch effort to get on Trump's good side.
01:30We don't know, but we're looking into it.
01:34But, you know, here we are, week three of the war, and Americans want to know two things.
01:40What is the strategic objective?
01:42And two, the shit I get from Amazon.
01:45Does that go through the Strait of Hormuz?
01:51Yes, if you haven't been following this closely, you know Iran, one of the greatest oil producers in the world.
01:59A lot of them.
02:00Oil comes from Iran.
02:01And it all goes through this bottleneck called the Strait of Hormuz.
02:06And the administration seems to be caught off guard that if you attack a country, they might use their best
02:13asset for leverage.
02:14This, by the way, is all in the sequel to the art of war called The No Shit of Sherlock.
02:24So, we're kind of fucked there in the Strait of Hormuz.
02:27And, of course, this has driven up the price of oil a lot.
02:31But Trump yesterday said, you know, the United States is the biggest oil producer in the world still.
02:36He said, when oil prices go up, we make a lot of money.
02:40Who's we?
02:45That was my question.
02:49I mean, ExxonMobil makes a lot of money.
02:52We dig for change in the cup holder.
02:54I don't...
02:58But Trump said that the Iranians have no Navy, no communications, and no Air Force.
03:04And they shot back and they said, you have no affordable housing, no function in Congress, and no attention span
03:09game on.
03:12But, look, don't take that the wrong way.
03:18I'm on our side.
03:20Okay?
03:21I'm for us winning, all right?
03:23I'm not on that page of Trump did it, so I'm with the Ayatollah now.
03:26No.
03:27But I got to say, they are looking a little nervous in our war room.
03:31The Pentagon banned photographers this week for the briefings because Pete Hegseth said some of the pictures of him looked
03:39unflattering.
03:44Pete wants you to know two things about our military.
03:47This is the new alpha male, very masculine, non-woke military.
03:52Also, don't get my bad side.
03:55I...
03:57And...
04:02So, this is the most macho administration we've ever had.
04:06Also, the gayest.
04:08I got to say...
04:11I don't mean literally...
04:13I'm just...
04:13A lot of redecorating.
04:18I'm just saying...
04:19And also, Trump has a new thing.
04:21I'm not making this up.
04:22He's guessing other men's shoe size.
04:26Have you said...
04:27Am I making this shit up?
04:29I'm not.
04:29He has been...
04:35He looks at other men and guesses their shoe size, and then they sends them a pair.
04:39The entire cabinet is wearing shoes.
04:42He got them.
04:44Including Marco Rubio, where they didn't fit, so he's in clown shoes.
04:50I'm just saying...
04:55It's a little weird for a man to look at other men and go, what's he got down there?
04:59Nine and a half?
05:02Uh...
05:03But, I don't know.
05:05Of course, it's also today, Friday the 13th.
05:10We're applauding that?
05:12I'm not superstitious, but if you're in Tehran, I wouldn't walk under a leader.
05:19Uh...
05:22Yeah, well...
05:25They have a new Supreme Leader over there.
05:27Oh, good.
05:28We didn't applaud that.
05:30Yes, it's the late Ayatollah Khamenei's son.
05:33He goes by the name Nepo Kablooey.
05:37Uh...
05:40And, uh, he's, uh...
05:43Very holy man, like his father.
05:45Holy man!
05:47Very holy man, but it's a big tidbit.
05:50Four times, he has traveled to a clinic in England to treat impotence.
05:56Yes, I love the Ayatollahs.
05:58They hate the infidel West, until their dick doesn't work.
06:04And then it's...
06:06Get me on the 2 p.m. to Heathrow, okay?
06:09Yeah, four trips.
06:11Four trips to this clinic.
06:12This guy's got a real problem.
06:15I mean, when he gets to paradise, he's going to say to the 72 virgins,
06:18can we just talk?
06:20I...
06:26We're not even sure if he's still alive.
06:29Trump said yesterday, he's alive in some form.
06:35Like Mitch McConnell, I assume he means.
06:42But, yeah, it's a tough, tough time for the new Ayatollah.
06:46But he is trying...
06:48He is trying to stay positive.
06:50He said, if I live, I'm the leader of Iran.
06:53And if I die, I'll finally be hard.
06:56All right, we've got a great show.
06:58We've got Anthony Scaramucci, Lloyd Blankbein.
07:01But first up, he is the Democratic governor of Pennsylvania,
07:04whose new book is called
07:05Where We Keep the Light, Stories of the Life of Service.
07:08Governor Josh Shapiro, back with us.
07:12There he is.
07:14Hey.
07:16Governor.
07:17Good to see you again.
07:18Hey.
07:18How are we?
07:19We're matching.
07:20We match.
07:21I got my own shoes on.
07:25All right, you're back with us.
07:27You must have done good the first time.
07:28I guess.
07:29Yeah, in fact.
07:30That's what we do here, by popular demand.
07:33And you have a book.
07:34I do.
07:35What is the title?
07:35Where We Keep the Light.
07:37What is the story with always writing a book
07:39when you're running for president?
07:41I wrote a book.
07:43I wrote a book to try and highlight the people
07:46that bring light in my state,
07:48the people I see every day doing good things,
07:50because our politics don't match
07:53the goodness of what I see on the ground every day,
07:56the goodness of the people.
07:57And I think, hopefully, this book will inspire
08:00our politicians to start taking the cues
08:02from the people who are doing good everything.
08:05But don't the politicians, if they're elected
08:06by the people, aren't they?
08:07The representative of the people
08:09doesn't have to go back on the people.
08:11If we were in some country, would they just
08:13top down like Iran?
08:15Force the people, the leaders on the people.
08:17But they are a reflection of us, are they not?
08:19I think for a long time, it was a righteous cycle, right?
08:22Where the people would elevate folks
08:24who reflected the goodness of community.
08:26That has changed, particularly over the last decade.
08:30And I think what we need to do is figure out
08:31a way to get back to that.
08:32We've got all kinds of incentive structures
08:34in our media, in campaign fundraising,
08:37in the way we conduct our politics
08:39to go to the extremes
08:40and to go to the lowest common denominator.
08:42I think people are frustrated with that, rightfully so.
08:45And we've got to figure out a way
08:46to turn that around.
08:48Yeah.
08:55What is that way?
08:56I think that way is to be a GSD Democrat,
09:00which is what I am, a get-shit-done Democrat.
09:03I think one of the reasons...
09:04Can I say that here?
09:05You can say it anywhere now.
09:06A get-shit-done Democrat.
09:10There are nobody in politics
09:12if you don't use bad words.
09:13Is there?
09:14Yeah.
09:14No, but look, I think it speaks to
09:16part of the frustration people have
09:17is they don't see many of their elected leaders
09:21putting points on the board for them,
09:23solving a problem.
09:24And when you don't solve a problem,
09:26when you don't fix a system,
09:28when you don't deliver the thing they need
09:29for their kid or for their household
09:31or a job in their community
09:32or a safe community,
09:34they get more frustrated, more cynical,
09:36and our politics gets more broken.
09:38I think there's a number of people
09:40doing a great job of that across the country.
09:42Unfortunately, the people who tend to make the headlines,
09:45the people who tend to dominate on social media
09:47are not the ones who are delivering real results
09:49for the people, in my case, the people of Pennsylvania.
09:52But I think the people of this country deserve it.
09:54I think in cities, people would say
09:56it's dominated by one party.
09:58Certainly, that's the problem, I think, here in California.
10:00Now, you had a bridge collapse,
10:02and you got it back up in 12 days.
10:04That's right.
10:04Unfortunately, that is not the story we usually hear.
10:07What we usually hear is nothing can get built,
10:10and nothing can.
10:11We see it all the time.
10:12We couldn't build a railroad here in California.
10:14We tried to connect the two ends of the state.
10:16It just didn't happen.
10:18Too many environmental reviews,
10:20too many consultants,
10:22too much lawyering,
10:24too much bureaucracy,
10:25too much red tape.
10:26It just doesn't get done.
10:28I feel like this is something
10:30your party really needs to take on.
10:32Maybe you're the guy to do that.
10:34Well, we've tried to do that in Pennsylvania,
10:36and I-95 is a great example of that.
10:39The experts said it was going to take
10:40four to six months to get that road reopened.
10:42We did it in 12 days
10:43by getting rid of the sort of
10:46bureaucratic red tape that dominates things,
10:48by putting the Philadelphia building trades
10:50in charge and empowering them
10:52to be innovative,
10:53and by getting out of their way,
10:55breaking away all the things
10:57that hold people down and slow things down,
10:59and instead make it work.
11:01We didn't stop there, though.
11:02We reformed our permitting system
11:05in Pennsylvania.
11:06Went from the bottom of the pack
11:07to the top of the heap.
11:08A business license that used to take
11:10eight weeks in Pennsylvania
11:12the day I got sworn in,
11:13you get that the same day.
11:14Buildings that would take three years
11:16to get their permits,
11:17they're now getting it
11:18in three to six months.
11:19Can you move here?
11:23That is not our experience here.
11:26I know it sounds nerdy and wonky,
11:30but if you want to give people...
11:31No, it sounds wonderful.
11:32If you want to give people hope
11:33and less cynicism in the process,
11:35you've got to show them government can work.
11:37We can still protect public health,
11:39public safety, and the environment,
11:41and move quickly.
11:42And we're proving that.
11:43It was a rough winter back East,
11:44and I read,
11:45I can't remember what the number now is,
11:47but it was approaching like 30 people,
11:49homeless people,
11:49who died in New York,
11:51freezing on the sidewalk.
11:52And it just made me think,
11:53why can't the Democrats
11:54just have the balls to say,
11:55well, one,
11:56the sidewalk is not for you,
11:59for anybody.
12:00It's public.
12:02It's public.
12:03And just for compassion's sake,
12:04we're going to make you get off the street
12:07and into a shelter.
12:08Why can't we even build shelters?
12:10And that's what I think people look at.
12:12They say,
12:13Democratic-run cities,
12:14they can't even do that.
12:15And people died for it.
12:16I know you're giving me an example
12:18from another state.
12:19I'm less familiar with that.
12:20I can just tell you,
12:21in our cities in Philly and Pittsburgh,
12:24run, by the way,
12:24by Democratic mayors,
12:26we've addressed homelessness.
12:27We built a shelter in Pittsburgh.
12:29We're treating people humanely
12:31and getting them the help they need,
12:32but also making it
12:34so businesses can thrive
12:35in those communities,
12:36so that there are clean streets
12:38and safe communities.
12:40Look, to me,
12:41foundational to everything
12:42is a safe community.
12:43You don't want to live in that area,
12:45you don't want to work in that area
12:46if it's not safe.
12:46I made a commitment
12:48when I was running for governor
12:49to hire 2,000 police officers,
12:51invest a half a billion dollars
12:52in violence prevention initiatives.
12:55Crime is down 13% in Pennsylvania.
12:57Fatal gun violence
12:58is down 43% in Pennsylvania.
13:01We're delivering safe communities,
13:03and part of that
13:04is having compassion,
13:05but also helping people
13:07who are living on the street
13:08get off the street
13:09and get in a place
13:09that's safer for them
13:10and better for others.
13:14Okay, so...
13:16Sounds like you're...
13:18Well on your way
13:19to the nomination.
13:23I refuse to take
13:24any of your bait here.
13:29Good for you.
13:34But...
13:36I don't know if you're clapping
13:37for me or you,
13:38but I'll take you.
13:39It doesn't matter.
13:40We're both on the same show.
13:41I get the credit either way.
13:43Either way.
13:44But here's the question
13:45I have to ask you,
13:46which is something
13:46I would have never guessed
13:48I would be asking a Democrat
13:49in this year,
13:50which is that
13:50you're a Democrat
13:52running possibly
13:53for the nomination...
13:55For re-election
13:56as governor of Pennsylvania.
13:57And you're Jewish.
13:58Yeah.
13:58And this is somehow
14:01maybe a complete deal breaker
14:03in the Democratic Party.
14:04I mean,
14:05the speed at which
14:06anti-Semitism
14:07has gone to a place
14:09where I never imagined
14:11it would go.
14:12Yeah.
14:12I mean,
14:12just this past week,
14:14bombings at synagogues
14:16in Toronto,
14:17Belgium,
14:19Michigan.
14:19The guy drove a truck
14:21with explosive
14:21into the largest synagogue
14:23in West Bloomfield.
14:24Norway,
14:25they arrested someone.
14:26Suspicious behavior
14:27outside a synagogue.
14:29Rotterdam
14:30in the Netherlands.
14:32Synagogue.
14:33I see a pattern here.
14:35Yeah.
14:36And somehow it got to,
14:38among the young people,
14:39anti-Semitism got to be
14:41kind of cool.
14:42Yeah.
14:44You think you could,
14:45if you did run for president,
14:46you could fight this
14:48and convince the Democratic Party
14:50that being Jewish
14:51isn't like the worst thing
14:53a person could be now?
14:54So,
14:54let me address both pieces,
14:56the anti-Semitism
14:57and sort of the politics
14:58of being Jewish,
15:00as you ask.
15:01When I ran for governor,
15:03the first ad
15:04that I put on TV
15:05was something
15:07to sort of show
15:08who I am,
15:09what motivates me to serve,
15:10which is family and faith.
15:12And the first ad
15:12was my family and I
15:13doing what we do
15:14nearly every Friday night,
15:15which was sitting around
15:16the Sabbath dinner table
15:18having a meal together.
15:19We ran that ad
15:20despite a whole bunch
15:21of political consultants
15:22saying,
15:22hey, don't run that,
15:23they're going to know
15:24you're Jewish.
15:24I'm like,
15:25I think they know
15:25I'm Jewish.
15:27But Bill,
15:28I share that with you
15:29because after we ran that,
15:31I'd show up in North Philly,
15:33and folks would tell me
15:33about their iftar
15:34after Ramadan.
15:35They were excited
15:36to share that with me.
15:37I'd show up in rural communities
15:38where I might increase
15:39the Jewish population
15:40by 100%
15:41when I get there
15:42and they'd tell me
15:43about what lunch is like
15:44after church on Sundays.
15:46The point I'm making
15:47is that I believe
15:49people are good
15:50and they are decent
15:51and they want to know
15:53who you are
15:54at a deep level
15:55and when you are open
15:56with them,
15:57they're more apt
15:58to be open with you.
15:59I won that election,
16:00got more votes
16:01than anybody
16:01in the history of Pennsylvania
16:02running for governor
16:03because I'm proud
16:05of who I am.
16:06I'm proud of what
16:07motivates me to serve
16:08and I'm proud of my faith.
16:10I will tell you
16:11at the same time,
16:12anti-Semitism
16:13is a real problem
16:14in this country
16:15and unfortunately,
16:17one of the things
16:18that has seemingly united
16:20the extremes
16:21of both parties
16:22is a pervasive sense
16:25of anti-Semitism
16:26and bigotry
16:28and hatred toward Jews
16:29and I think all leaders,
16:32Democrat and Republican,
16:33have a responsibility
16:34to call it out,
16:36to speak and act
16:36with moral clarity.
16:38I'll give you an example
16:38of that moral clarity.
16:39Governor Gretchen Whitmer
16:40in Michigan today
16:41spoke out
16:43with moral clarity
16:44about what happened
16:45in Michigan,
16:45pardon me,
16:46yesterday.
16:46But I think it is also important
16:48that it not only be words
16:50after a violent incident.
16:52Thank God no one
16:53was killed in Michigan.
16:54There are seeds
16:56of anti-Semitism
16:57being planted
16:58all over this country.
17:00People are being platformed.
17:01Folks are looking
17:02the other way
17:03and nodding toward it
17:05and allowing it to happen
17:07in their businesses,
17:08on their screens,
17:09and in their politics.
17:11And we have to speak up
17:12about it.
17:13And I don't care
17:14if it's coming from
17:15people in your own party,
17:16people you agree with,
17:17people you need
17:18to vote for you,
17:19you've got to call it out.
17:20We cannot let this
17:22in our country
17:23continue the way it is.
17:28So, final question.
17:30Your fellow Pennsylvanian,
17:32John Fetterman,
17:32he's one of the few people
17:33in the party
17:34who has come out
17:35and said,
17:36look,
17:36I don't understand
17:37that everybody
17:38in my party
17:39said we can't allow
17:40Iran to have nuclear weapons,
17:42and yet when we do
17:42something about it,
17:43they're against it.
17:45Now, our chief negotiator
17:47said they were talking
17:48to Iran
17:49up until the war started.
17:50He said,
17:51their opening salvo
17:53was at the negotiations.
17:55We're a couple of weeks
17:56away from having
17:5711 bombs.
17:58They were bragging
17:59about it.
18:00If you were the president
18:02and you got that information,
18:04you'd still do nothing?
18:05I never said...
18:07I'm asking.
18:07No, what I would do
18:09and what the president
18:10of the United States
18:11failed to do
18:12was be clear
18:13with the American people
18:14about what the hell
18:15we were doing here.
18:16Was the plan to go
18:17after the nuclear weapons,
18:18the weapons, by the way,
18:19he said were destroyed
18:20seven years ago,
18:21or seven months ago,
18:22pardon me.
18:23Was the plan to go
18:24and do regime change,
18:25in which case,
18:26who the hell's going
18:27to take over?
18:27I don't think the son's
18:28any better than the father.
18:30Was the plan to go
18:31in there later,
18:32but then you got forced
18:34because Netanyahu
18:35forced your hand?
18:36Remember they said that?
18:37So it's a matter of clarity.
18:38Walk that back.
18:39I think if you don't
18:40have clarity
18:41on why you're going in,
18:42you have no way
18:43of knowing
18:44how the hell
18:45to get out.
18:46And so we are
18:47in a situation now
18:49where we have
18:51a commander-in-chief
18:52and his sidekick,
18:54Pete Hegseth,
18:56who are acting
18:56like a bunch
18:57of eight-year-olds
18:57playing with toy soldiers.
18:59We've lost
18:5913 American soldiers
19:02in a war
19:03that the American people,
19:04and by the way,
19:05most of the global community
19:06has no idea
19:07why the hell
19:08we went there
19:08in the first place.
19:09And the President
19:10of the United States,
19:10our commander-in-chief,
19:11owes us an answer.
19:13I think people have an idea.
19:14What was the reason
19:15we went in?
19:15Well, everything you said,
19:17the nukes,
19:19regime change,
19:20and just to reshuffle
19:21the deck
19:21in the Middle East,
19:22that nothing was ever
19:23really going to get better
19:24there until that regime
19:25went away.
19:25But we'll see how it,
19:27we'll see what happens.
19:28No, but by the way,
19:30understand, understand.
19:30I want to be clear
19:31because I've heard
19:32your commentary on this.
19:33I'm not saying
19:34the Ayatollah
19:35is a good person.
19:36They chanted
19:37for five decades
19:39death to America.
19:40These are people
19:41who blew up
19:42and killed Americans.
19:43These are not bad,
19:44these are not good people,
19:46and I am not
19:47shedding a tear
19:48for them being killed.
19:49What I am saying
19:50to you, though,
19:51is if you're
19:52the commander-in-chief,
19:53you have a responsibility
19:54to the people
19:55you send in harm's way.
19:56You have a responsibility
19:57to the American people
19:58to explain why it is
20:00you're doing
20:00what you're doing
20:01and how the hell
20:02you get out of it
20:02once the mission
20:03is accomplished.
20:04The president has yet
20:05to look the American people
20:06in the eye
20:07and explain that,
20:08and that is a failure
20:09of leadership.
20:10Thank you, Governor.
20:11I appreciate you coming by.
20:13Good to see you later, right?
20:15Okay.
20:16Governor Josh DiCaro, everybody.
20:19All right, let's read our panel.
20:24Okay.
20:25Hey, guys.
20:27All right,
20:27he is the former
20:28White House
20:29communications director
20:30under Donald Trump,
20:31whose new book
20:31All the Wrong Moves,
20:33How Three Catastrophic Decisions
20:35Led to the Rise of Trump,
20:36comes out this fall.
20:37Anthony Scaramucci.
20:40And he is the former CEO
20:44of Goldman Sachs
20:45and author of the new book
20:46Streetwise,
20:47Getting to and Through
20:48Goldman Sachs,
20:49Lloyd Blankfein.
20:50Lloyd, welcome to the show.
20:53All right, so we are
20:55going to talk about the war,
20:56but first,
20:57because I've never had
20:58two Wall Street guys
21:00on the show
21:01at the same time.
21:02So let's talk about money
21:03because you both have
21:03a lot of it
21:04and you like it.
21:05Who doesn't like money?
21:07Because I think this is
21:08much more actually
21:09on people's minds.
21:10I mean, Forbes came out
21:11this week with their
21:11richest list.
21:13I guess you guys
21:14have been on it.
21:15I don't know.
21:15We're close to it.
21:16Musk,
21:19$840 billion.
21:21We are approaching
21:22the first trillionaire.
21:24I looked it up.
21:25You know,
21:26John D. Rockefeller
21:27at the early part
21:28of the last century
21:29was worth 2.5%
21:31of GDP,
21:32but they did something
21:33about it.
21:34They broke up
21:34Standard Oil.
21:35There was antitrust laws
21:37that were passed.
21:38I mean,
21:38they were just saying
21:39you can't one person
21:41have 2.5%
21:43of our gross net.
21:45It's just not.
21:46Musk has now 2.7%.
21:48There's a lot of talk
21:50about a wealth tax,
21:51what we should do
21:52when people have
21:53this much money,
21:54but when they want it,
21:55they proposed it here
21:56in California
21:58and also in Washington State.
22:01They leave.
22:04Zuckerberg has left
22:05to camp to Miami.
22:07Schultz,
22:08the Starbucks dude,
22:10he's out of town.
22:13Musk did it.
22:15Sergey Brin,
22:16Steven Spielberg moving.
22:18I'm the farthest
22:19from a socialist
22:19or a communist
22:20because unlike the kids today,
22:23I don't get my information
22:24from TikTok.
22:24I know the history.
22:25I know communism
22:26doesn't work
22:27and neither does
22:28advanced socialism,
22:29but what we have now,
22:31I can't make the case
22:33that's working either.
22:34What is the answer
22:35to this income inequality
22:36problem that we do have?
22:40Next question.
22:41All right.
22:41All right.
22:42All right.
22:47I was being
22:48deferential to my old boss,
22:50but I'm happy to chime in first.
22:52Go ahead.
22:53Well, listen,
22:54there's a lot to unpack there.
22:55I think you're right,
22:56but I think going
22:56through our history,
22:58Teddy Roosevelt,
22:59who was actually a Republican
23:00and the founder
23:01of progressivism,
23:02he went and broke up
23:03the trust.
23:04But there's something
23:05called Citizens United
23:07where since January
23:08of 2010, Bill,
23:10you're allowed to give
23:10unlimited money
23:11to the politicians.
23:12It's up eight times
23:13the campaign donations
23:15and 36% of the donations
23:17are coming from the top
23:190.1% of the people.
23:21And guess what they're doing?
23:22They're talking the politicians
23:23into not breaking them up,
23:25giving them corporate tax cuts
23:27and et cetera.
23:28And so there's a lot of things
23:29we have to do to reform it,
23:30but you are right.
23:31But monopoly busting
23:32is something that was done
23:34in the beginning
23:35in the Renaissance era
23:36and we're not doing it anymore
23:38because of the undue influence
23:39of these people.
23:41So what's, again,
23:42I hear no answer.
23:44Well, by the way,
23:45busting up...
23:46And Citizens United,
23:47got to break up
23:48some of these big businesses
23:49and you got to have
23:51some type of tax
23:52to equalize the situation.
23:55So taxing more.
23:57That's one of the things.
23:58So say we taxed Mr. Musk,
24:01he's got $840 billion.
24:03Say we took away $500 billion
24:05and left him with a more
24:06mere $340 billion.
24:11Do you have confidence
24:12that that would solve the problem?
24:14What would we do
24:15with that $500 billion?
24:16Like actually just pass it out
24:17to poorer people?
24:20I'm not mad at Elon Musk.
24:23Elon Musk makes those...
24:25He put in all those satellites
24:27that are going to make
24:27everybody's telephones work better.
24:29He has those rocket ships
24:31landing in tandem.
24:32Unlike the people
24:35of Rockefeller's era,
24:36like the Carnegie's,
24:37these guys who generated
24:39all that wealth today
24:40are still in the game,
24:43still competitive,
24:44still, I think,
24:45creating wealth in the country
24:46and advancing our economic interests.
24:48They have a lot of money.
24:51That money gets reinvested.
24:53I think the answer
24:54to solve the problem
24:55has to be for...
24:58to a more progressive tax system
25:01than we have today
25:02and to give more people for free
25:06the necessities of life
25:08like child care, health care,
25:10other things that rich people can afford
25:13that poor people have to scrimp to,
25:15to give those things,
25:17have the higher minimum,
25:19and to pay for it
25:20with a progressive system
25:21and hopefully,
25:22and I know this is...
25:23Everybody always says this,
25:25knock out some of the waste
25:26and maybe you don't have to raise
25:27too much the absolute level of tax,
25:29but we certainly have to
25:30have a much more progressive tax system
25:33and that's the way to do it.
25:34The economic system that we have
25:36has done a great job creating wealth.
25:40Now, it's created wealth
25:41by increasing the value of assets
25:44and so people with assets
25:46have gotten a lot richer.
25:47But the people without assets
25:49haven't participated.
25:50They don't have assets,
25:51so their assets aren't going up in value.
25:52And I don't know
25:53what the billionaires don't get about.
25:54Those people are going to get mad.
25:56I mean, the CEO of Davidia
26:00and the CEO of Anthropic,
26:02they both said,
26:03tax me more.
26:04Okay.
26:04Because they're going to come after us
26:06with pitchforks.
26:08Read the room.
26:09Luigi is a hero.
26:11The guy who shot the healthcare executive...
26:13It's a tragedy, yeah.
26:14Yeah.
26:15Tragedy for that guy.
26:16It could be a tragedy for everybody.
26:18You had James Tallarico on earlier.
26:20He said something
26:21people should really think about.
26:22He said, you know,
26:22we have policies
26:23that can help and satisfy the poor,
26:25but we have no policies
26:27that can satisfy the rich,
26:29implying that when you make suggestions
26:31like Lloyd is making,
26:32you get tremendous amount
26:34of resistance, Bill,
26:35and you get unlimited money
26:36at politicians
26:37that will stop that type
26:39of progressive tax movement
26:41or would stop those changes
26:42that need to be made
26:44to make the system fairer.
26:45I don't know.
26:46If I had that kind of money,
26:47I sure wouldn't act like
26:49the way these guys do
26:50and flaunt it.
26:51Yeah, well, you're right.
26:52You know, I wouldn't buy a yacht.
26:54You know, peace of mind.
26:56Much more valuable, I think.
26:58I think all the guys you're naming
27:00are working like dogs.
27:02They're competitive.
27:03Again, the people that you named earlier
27:05from a different century,
27:06they retired at 40
27:09and they did the world tour
27:10and they bought pieces
27:11and they donated to museums.
27:12They didn't stay active
27:14in their businesses.
27:15These guys are killing themselves.
27:17You know, they're going crazy
27:18because one guy's model,
27:20one guy's model
27:22is working better than his
27:23and they're redoubling their efforts.
27:25This is why they have this.
27:26I'm glad they're working
27:28and incentivized.
27:29I mean, I think these,
27:29I think a lot of these people
27:31are national assets.
27:33Now, if you want to put on,
27:35I think it's really the political sector
27:37that's failing here.
27:37I'm not mad at these people
27:38that are creating wealth
27:39and are creating jobs
27:41and advancing the interests
27:42of America.
27:42We're not mad at them.
27:43We're just saying...
27:44But they're not doing it.
27:46It's the political sector
27:47has to...
27:48But they're not going to
27:48voluntarily give it back.
27:50No, but it's the politicians.
27:51I think the political sector
27:53has to deal...
27:55Again, we're doing a very good job
27:57at creating wealth.
27:58We have to distribute
27:59according to our values,
28:00but the distribution part
28:01is not the burden
28:03of the generators.
28:04It's the political sector.
28:06I think Bill's saying
28:06something different, Lloyd.
28:07Lloyd, I read your book.
28:08It was phenomenal.
28:09You grew up in public housing,
28:11more or less,
28:12in Brooklyn,
28:12and you had this aspirational life,
28:15as did I.
28:16And when you have a funnel
28:17at the top like this
28:18that's so concentrated,
28:20people that grew up
28:21the way you and I grew up,
28:22they feel economically
28:24desperational
28:25as opposed to aspirational.
28:26So there's a sense
28:27of unfairness going on.
28:28No problem with the LMS.
28:30Have at it.
28:30I'm all for unlimited upside.
28:33But we really do need
28:34a platform of equal opportunity
28:36to get people
28:37to the starting gate
28:38to make them feel
28:39that they too can make it.
28:40And I'm telling you right now,
28:42the reason why we have
28:42so much populism, Bill,
28:43is people don't feel
28:45they can make it anymore.
28:46The people that grew up
28:46like you and me, Lloyd,
28:47they feel left out of the system
28:49and they're angry.
28:59And I don't feel
29:00they're hearing this
29:00and thinking,
29:01that's helping.
29:03Maybe it is.
29:04I don't know.
29:05I'm not quite sure
29:06what we're saying here.
29:08All I know is,
29:10like,
29:10these people who think
29:11that you can be,
29:12you said they keep working.
29:14They keep working.
29:15They also need
29:15a lot of security now.
29:17Because,
29:20is it worth it?
29:21Is it worth it
29:22to have to have bodyguards
29:23around you all the time
29:24when you go out
29:25knowing that people
29:26hate you so much
29:27because you're so rich
29:28and because you live
29:29so ostentatiously
29:30that you can't just
29:32freely walk about?
29:33To me,
29:33there's no greater freedom
29:34than that.
29:35There's no greater asset
29:36than that.
29:36I don't see the ostentation.
29:37You must...
29:38What?
29:38I don't...
29:39Were you at Bezos' wedding?
29:43No.
29:43I didn't get the...
29:44That's not a...
29:49I hang out with a...
29:50I hang out
29:51in a different crowd.
29:52Yeah,
29:53I do too.
29:53But,
29:54you know,
29:54come on.
29:55There's a lot of...
29:56I think living
29:57in a bob-wired
29:58McMansion
29:58in a security compound
30:00while your fellow
30:00neighbors are suffering
30:01is really bad
30:03for the economic
30:04health of the society.
30:05We've got to fix it.
30:06Okay,
30:06so,
30:07interesting story
30:08in the news this week.
30:12Donald Trump
30:12put out an executive order.
30:14You worked for him
30:15for a while,
30:15remember?
30:16Yeah,
30:17954,000 seconds,
30:18actually.
30:19When I say it that way,
30:21it makes me feel better.
30:23Very good.
30:27The Ayatollah dude
30:28lasted longer than you.
30:32He put out an executive order.
30:34It is the policy
30:34of the administration
30:35to restore federal sites
30:38dedicated to history,
30:39including parks and museums,
30:41to solemn and uplifting
30:42to remind Americans
30:44of our extraordinary heritage.
30:46Okay,
30:46this is my issue
30:47with so many things.
30:48The pendulum never stops
30:49in the middle.
30:50Have we whitewashed history
30:51somewhat?
30:51Yes,
30:52we have.
30:53But Trump comes in.
30:55He wants to,
30:57you know,
30:57because the left,
30:58very often,
30:59let's be honest,
31:00they don't appreciate
31:01America enough.
31:02They don't have it
31:02in perspective.
31:03It's all,
31:04we did terrible things.
31:05Well,
31:05we didn't just do
31:06terrible things.
31:07But Trump wants
31:08to whitewash all that.
31:09So,
31:09he has said that
31:11the move to scrub
31:14national park sites
31:15of signs
31:16that cast America
31:17in a negative light
31:17and leaked
31:18an interior department,
31:20you know,
31:20a leaked interior department
31:21database reveals
31:22that U.S. plans
31:23to revise
31:25historical information.
31:26So,
31:26this must already
31:27be happening.
31:27We went to the Smithsonian
31:28and got some pictures.
31:29Would you like to see
31:30what's going on?
31:31Oh,
31:31my God.
31:33For example,
31:36George Washington
31:37famously said,
31:38I can tell a lie.
31:40And every future president
31:42should be able to as well.
31:48when George Wallace
31:49stood in the doorway
31:50of an Alabama schoolhouse,
31:51he did it because
31:52he thought he felt
31:52an earthquake.
31:56These are definitely not.
32:00On December 7th,
32:021941,
32:03Greenland attacked
32:04Pearl Harbor.
32:04I don't remember it
32:07that way,
32:08but the first thing
32:11Neil Armstrong did
32:12after he set foot
32:13on the moon
32:13was dance
32:14like he was jerking
32:15off two guys
32:16at once.
32:18That does not sound.
32:22Most of the U.S. soldiers
32:24who landed
32:24on Normandy Beach
32:25during D-Day
32:26were killed
32:26by windmills.
32:28That.
32:34Ronald Reagan
32:35said to Gorbachev,
32:36Mr. Gorbachev,
32:37build this
32:37big, beautiful wall.
32:45Thomas Jefferson
32:46had sex
32:47with his slaves
32:48because when you're
32:49a star,
32:49they let you do it.
32:57The man
32:58who assassinated
32:59Kennedy
32:59was really named
33:00Lee Harvey Ortega.
33:03That's not true.
33:06And in the 1850s,
33:08over a million
33:08Irish immigrants
33:09came to America
33:10escaping starvation
33:11because Rosie O'Donnell
33:13had eaten
33:13all the food.
33:14All right,
33:15that's not true either.
33:19So,
33:20let's talk about
33:23the war
33:24for a minute.
33:25Okay.
33:26Good segue.
33:28Trump says,
33:29no air force,
33:30Iran has no air force,
33:32no missiles,
33:32and no Navy.
33:34He says,
33:35there's nothing
33:35left to bomb.
33:37Yeah,
33:37we have nothing
33:38left to bomb.
33:38Apparently,
33:39they have something
33:39left to bomb,
33:40which is the Strait of Hormuz.
33:42I don't understand this.
33:43We have complete
33:44military superiority.
33:45We're bragging about that.
33:47Except for the one place
33:48where we apparently need
33:50complete military superiority.
33:53Do you understand this,
33:54why we can't control
33:55the Strait of Hormuz,
33:56the one place we need
33:57to control in Iran?
33:59I don't think it takes
34:00much effort
34:01to create an obstacle
34:03on a very narrow
34:05bottleneck there.
34:06So,
34:06I think
34:07they don't have to have
34:08much firepower.
34:09They're going to need,
34:10if they're going to accomplish
34:11something,
34:12it's going to be by
34:12bringing the regime down
34:14and getting some sort of,
34:15getting some sort of
34:16compromise on that.
34:17It doesn't take much
34:18to fire,
34:20fire cheap drones
34:21and menace ships
34:23so that they don't go through.
34:24But we took four
34:26of our minesweepers
34:27in September
34:27and we redeployed them
34:29to other parts of the world.
34:30And so,
34:31that was bad war planning
34:32because if we were
34:33going to make that attack
34:34and anticipated
34:35that they were going to
34:36close the Strait bill,
34:38we would have had
34:38those minesweepers in place.
34:40That's been one of the things
34:41that's preventing us
34:42from getting our Navy in there
34:43to take on the convoy.
34:45Do you worry that the oil
34:46was headed to China?
34:48That's 90% of Iranian oil
34:49went to China.
34:51Venezuela,
34:52which we took over,
34:54a lot of that oil
34:54went to China.
34:56You remember what caused
34:57Japan to attack Pearl Harbor?
34:59It was that we cut off the oil.
35:01That's why they said
35:02they had to preemptively
35:03attack Pearl Harbor.
35:04Do you think China's
35:05going to see this
35:06as that kind of a threat?
35:09If things go on
35:11a long time,
35:12you know,
35:12the way it's going to happen
35:13is that the Iranians
35:15will let the Chinese ships
35:16go through,
35:16that ships going through
35:17China go through.
35:18Which they have been,
35:19by the way.
35:19The Iranian ships have been
35:20going through,
35:21heading for China.
35:22So they know
35:22where the mines are.
35:24The Iranian ships
35:25are getting through?
35:26The Iranian tankers
35:27have been getting through.
35:28And we're letting them through?
35:29And we are letting them through
35:30because we don't want
35:31to escalate the situation
35:32with China.
35:33So what is your estimation
35:34as how this ends?
35:35How quickly?
35:36And what's the upshot?
35:38Because everyone seems
35:39to be taking a bet on this.
35:41Well, I'm pretty sure
35:42that nobody knows
35:43at this point.
35:44That, I would say,
35:44is a safe bet, yes.
35:45Yeah, it's a safe bet.
35:46But that's not what we know about.
35:49Yeah.
35:50I just want you to know
35:53I'm not running for governor
35:55and for president
35:56and I didn't fire the first shot.
35:57So I'd say I don't know
36:00how long this will last.
36:01But I know,
36:01I think the strategies
36:02and I think the question
36:04that you pose to the governor
36:05more sharply is
36:08they are a big burden
36:10on the safety
36:12and health of the world.
36:13and we decided
36:14to do something about it.
36:15I wish that we had done
36:17something similar
36:18to North Korea
36:19when we still had
36:19the opportunity to do that
36:20because they'll probably be
36:22the source of a lot
36:23of mischief to come
36:24and there's nothing
36:25we can do about it
36:26because they have nuclear warms.
36:27Nothing we can do about that.
36:28And here,
36:28there's something
36:29we could do about it
36:30and they don't call you up
36:32and tell you
36:32when the last minute is.
36:33And also in my algorithm
36:35of whether to decide
36:36to do it or not
36:37is how close are we
36:39to them getting it
36:39and also is this
36:41an opportunity
36:42that's fleeting.
36:43And we had a moment
36:44of time where
36:45there's civil,
36:46you know,
36:46there's practically
36:47a civil war inside Iran.
36:50Their air,
36:51their capacity
36:52to deflect missiles
36:53has been removed.
36:54And generally,
36:55it may be,
36:57and we have all these,
36:59there's machines
36:59in the area.
37:00This was an opportunity
37:01that we could do something
37:02that needed to be done
37:03and you don't know
37:04when the last minute is.
37:05I think the outcomes,
37:07Bill,
37:08are, you know,
37:08I think what the president
37:09wanted was like
37:10Adelsi Rodriguez
37:11to a secularist
37:12to take over
37:13that he could negotiate
37:14with and make a friendly.
37:16I think that's less likely
37:17now based on
37:18what has gone on
37:19over the last couple of weeks.
37:21And so I think
37:22the next move
37:22would be to completely
37:23degrade the system
37:24and the infrastructure.
37:26And then it'll either
37:27end up as a failed state
37:29or it'll end up
37:30as a different form of Iran.
37:32And then the question is,
37:33will the Koreans,
37:34North Koreans,
37:34come in and give them
37:35nuclear weapons,
37:35which he has said publicly
37:37he's interested in doing?
37:38The North Koreans
37:39are going to give
37:40the Iranians a...
37:40Kim Il-Jung said that
37:41yesterday.
37:42He made a statement.
37:43Well, that's not going
37:44to happen because
37:45we're going to make sure
37:46that there's not
37:46that kind of a regime.
37:47I understand that.
37:48So it's either
37:49a failed state
37:49or a very severely
37:52degraded Islamic Republican state.
37:53Well, also,
37:53you mentioned civil war.
37:55Yeah, that's the failed state option.
37:56Let me show you two pictures.
37:57There's the picture
37:58of people dancing
38:00and this is right
38:01after the attack.
38:02And, I mean,
38:03this is what I think of
38:05as Iran
38:05because I talk to the Iranians
38:06who live here in Los Angeles.
38:08They love this.
38:09Do we have that picture
38:10of people dancing or...
38:13Okay, that's one Iran.
38:16Then there's this picture.
38:17This was a few days ago.
38:19Look at that crowd.
38:21That's for the regime.
38:23Those are the people...
38:24So it's not one way.
38:26To me, I look at these two pictures
38:28and I see that is a civil war
38:30and maybe it needs a civil war.
38:32Maybe this doesn't happen
38:34any other way.
38:35I just don't want us
38:36to be involved
38:37in their civil war.
38:38That might be good
38:39for the Israelis, though,
38:39because we've had...
38:45It wasn't so...
38:46We weren't in such
38:47a great position.
38:48I know people are worried
38:49that because of what we're doing,
38:51the Iranians are going
38:52to get mad at us now.
38:53But I think they were
38:53pretty mad at us before
38:54and I think they were...
38:55They were trying to accomplish
38:57as much mischief as they can.
38:59We've not...
39:00We've not convinced them
39:01to lose that motivation.
39:03But what we have done
39:04is we've certainly weakened
39:05their capacity
39:05to do as much mischief
39:07as they were doing
39:07in the past.
39:08So I think we're better off now.
39:11Now, is it a risky proposition?
39:13Do we know how it's going
39:15to be resolved?
39:15No.
39:16It could work out
39:17and it could get worse from here.
39:20But I would say,
39:22from a bet to make,
39:23given where we were
39:24and where we were headed with them,
39:26being motivated
39:27and having the capacity,
39:29I'd rather have them
39:30slightly more motivated
39:31but infinitely with less
39:33of a capacity.
39:40I mean, I'm looking
39:41at the big picture.
39:42I think Islam needs a reform.
39:45A lot of people
39:46have been saying that
39:46since 9-11
39:47and even...
39:48What?
39:48Is that funny?
39:49No, I'm thinking that...
39:50I'm thinking that
39:51we would probably not be appointed
39:53to the committee
39:54to reform it.
39:55No.
39:59That is true.
40:00Yes.
40:02Although I think
40:03we could do a pretty good job.
40:04Somebody needs to do
40:05a pretty good job.
40:06And maybe this is the place
40:08where it starts.
40:08I mean, this is not
40:09an unsophisticated society.
40:11And a lot of the people there
40:12do want to live...
40:14I mean, obviously,
40:14we're not asking you
40:15not to be Muslim.
40:16We're just asking you
40:17not to be a theocratic state.
40:20I mean, my question is,
40:22if we did take...
40:23If the best part of it happened
40:25and Iran is now
40:28a democratic state
40:29and they can have
40:30free and fair elections,
40:31what if the wrong people win?
40:34Because that has happened before.
40:36Egypt.
40:37Remember the Arab Spring?
40:39And then Egypt
40:39had free and fair elections
40:41and they elected
40:42the Muslim Brotherhood.
40:43That's that second picture
40:45of that crowd
40:45who likes the regime.
40:47Algeria in the 90s,
40:48same thing happened.
40:50Free and fair elections,
40:51they elected the wrong people.
40:54And by the wrong people,
40:56I mean the religious fanatics.
40:58You know, it's very easy
40:59to pretend,
40:59like the ruling class
41:02likes to do in the West,
41:03that it's just a few bad apples.
41:05But actually,
41:06a lot of people
41:07in those societies
41:08want a theocracy.
41:09Then what do you do?
41:11Well, I think that's
41:13the biggest issue, Bill,
41:14because you've degraded
41:15the place
41:16and maybe you've pushed
41:18more people towards
41:19the regime
41:19as a result of all
41:21the things that are going on
41:22economically inside the country.
41:24I'm not pro-democratic.
41:26I don't think
41:26they have any history
41:27going back thousands of years
41:28of being democratic.
41:29I just want them
41:30not to have the capacity
41:31to blow us up.
41:32So whatever government
41:34they end up with,
41:34I hope a George Washington figure
41:37on a white horse
41:37emerges there,
41:38but I put a low likelihood
41:39at that.
41:40I just don't want them
41:41to wreck havoc
41:45in the world
41:46and I don't want them
41:47to have the capacity
41:47to reach the United States
41:48with its ballistic missiles.
41:50And is it going to...
41:54You guys
41:57bet on our markets
41:58for a living.
41:59What is the long-term prognosis?
42:00What are you telling people
42:02who say,
42:02oh, you're a financial master?
42:05What do I do now
42:06with this war
42:07is going on?
42:08What should I do
42:09with my money?
42:09Well, first of all,
42:10I think we have to support
42:10the president in the action
42:12because we're all Americans
42:13and we want to
42:14wish our troops safely.
42:15And I think the ultimate outcome
42:17will be that strait
42:18gets opened
42:19no later than mid-April.
42:21But my money,
42:22what do I do with my money?
42:23Yeah, so stay...
42:23Sit tight.
42:24Sit tight
42:25because there's going to be
42:26a lot of volatility
42:27between now and April,
42:28but I do think
42:30that the mission
42:30is ultimately going to be successful.
42:32The strait's going to get open.
42:33Are you still into crypto?
42:35Yeah, I do.
42:36I do own some Bitcoin.
42:37I know you don't like it,
42:38but, you know...
42:39I noticed you said that
42:40very quietly.
42:41Well, I mean,
42:42I watch your show.
42:43I mean, I watch your show
42:45and listen to your podcast.
42:46I don't even know.
42:47I put a lot of money on you.
42:49I hate it.
42:50I hate it, too.
42:51I hate it.
42:52I like...
42:53I mean, okay,
42:53we just identified
42:54the oldest people on the panel.
42:56Of course they hate it.
42:58It's like I'm shorted
42:59because every time it goes down,
43:00it makes me happy,
43:01even though I don't have
43:02anything involved in it.
43:03You didn't tell me that
43:03before we got on the panel.
43:04Oh, I didn't know that.
43:06It's hurt my feelings.
43:07But you don't see it
43:08as a big slush fund
43:09for every criminal in the world.
43:11You know, I'll tell you what.
43:12If you gave me
43:13two hours with you alone
43:15and I laid it out for you,
43:16his buddies like
43:17Stan Druckenmiller,
43:19Ray Dalio,
43:20you pick the guys
43:20who've done the homework,
43:21Paul Tudor-Jones,
43:22Mike Novogratz.
43:23If you do the homework,
43:25I would just say
43:25nine out of ten people
43:26end up owning some of it.
43:29And, you know,
43:30but if you've made the money
43:31in fiat currency
43:32and you're of a certain age,
43:34you don't,
43:34people aren't necessarily
43:35inclined to do that homework.
43:36I guess I'm too old
43:37to like it.
43:40Because, well,
43:40you said that.
43:41I didn't.
43:42I can't,
43:43I can't,
43:45I can't figure out,
43:47I can't figure out
43:47what it does.
43:48It's a medium of exchange,
43:49it's a medium of exchange,
43:50you can't buy anything with it.
43:52It's a store of value.
43:53Showing your age.
43:54That's very,
43:54that's very volatile.
43:56And I think,
43:58and it's not a hedge of anything
44:00because when the bullets
44:01started to fly,
44:02gold went up
44:02and crypto went down.
44:04I think its highest purpose
44:05is, you know,
44:07to pay ransoms
44:08and to extortionists.
44:10And I don't know why
44:11the U.S.
44:11Give me a second.
44:12I don't know why
44:12the U.S. government,
44:15I don't know why
44:16the U.S. government
44:16or any official sector
44:18would support something
44:20where you couldn't tell
44:22whether or not
44:23somebody was paying
44:24the North Koreans.
44:25Right.
44:26Okay.
44:27Well,
44:28we,
44:29we had our former CIA director
44:31write a white paper on that
44:33saying how easy it is
44:34to track these things
44:35because of the blockchain.
44:36So,
44:37that is an early statement
44:39about crypto
44:39that's no longer the case.
44:41But I hear you.
44:42You don't like it.
44:43but your team
44:44at Goldman Sachs
44:44never really did
44:45100% research on it
44:47and they still don't like it
44:49and they've missed
44:49a two plus trillion dollar market
44:51and our friend Larry Fink
44:54who didn't like it
44:55now has the largest
44:56Bitcoin ETF
44:57in the world.
44:58So,
44:58all I'm saying
44:59is there's a lot of smart people
45:00that like it
45:00and somebody like you,
45:02Bill,
45:02if you really sat down
45:03and learned about it,
45:05I think you'd be less skeptical.
45:06You're saying you wouldn't be?
45:07I believe you would be.
45:08Look,
45:08I learned about it.
45:10I don't know.
45:11I have to be a chair.
45:13Chicken to know
45:13what an egg is.
45:14Okay.
45:15You know exactly what it is.
45:16Yeah.
45:17All right.
45:17Well,
45:17thank you guys
45:18for enlightening us
45:19on the economy.
45:20It's time for New Rules.
45:27Okay,
45:28New Rules.
45:28Now that a new study
45:29reveals that young people
45:30want male characters
45:31in movies
45:32to move away
45:33from masculine stereotypes
45:34and toward vulnerability
45:35and connection,
45:37the next James Bond
45:38must be Ed Sheeran.
45:45Say hello
45:46to the next
45:46Gen 007.
45:48He likes his soy milk
45:49shaken,
45:49not stirred.
45:51He has a license to kill
45:53but prefers to listen.
45:56And Pussy Galore
45:57isn't his girlfriend,
45:58it's his nickname.
46:06New Rule,
46:06now that Michael Jackson's
46:08brother Marlon
46:09claims that Michael
46:10was taught
46:10the backward dance move
46:11we call moonwalking
46:13by an eight-year-old boy,
46:14someone must ask him,
46:15are you sure the kid
46:16wasn't just trying
46:17to get away?
46:26New Rule,
46:27the San Diego bishop
46:28who resigned this week
46:29for allegedly embezzling
46:30hundreds of thousands
46:31of dollars
46:32has to try and get Trump
46:33to give him a pardon.
46:37Here's what you do.
46:39Change your twiddle handle
46:40to MAGA bishop dude
46:43with lots of American flags,
46:45post daily
46:46that you've been treated
46:47unfairly by the
46:48radical anti-Trump pope.
46:50And then, well,
46:51you'll need to move
46:5150 million into
46:52untraceable Trump family
46:54crypto via a bank
46:55in Qatar.
47:03So, maybe try
47:04embezzling more money?
47:07New Rule,
47:08stock photo companies
47:09have to come up
47:09with a different way
47:10to depict male impotence
47:12than the guy sitting
47:13on the edge of the bed
47:14in shame.
47:17maybe it's not even
47:18his fault
47:18not to point fingers,
47:19but isn't it the same
47:21woman in every picture?
47:31Maybe he should be
47:32the one shooting daggers
47:33of disappointment
47:34at her
47:34while she sits
47:35on the side of the bed
47:36asking,
47:37why can't I get a dick card?
47:44New Rule,
47:46the new
47:46call-a-boomer
47:47payphone
47:48that connects students
47:50at Boston University
47:51to a senior living complex
47:53in Reno, Nevada
47:55might not wind up
47:56getting the cross-generational
47:58communication
47:59they were looking for.
48:00You think we want to listen
48:02to a bunch of
48:03TikTok educated
48:04nudists talk our ears off
48:05about Palestine
48:06and your gender identity?
48:10You want to hear
48:11something from
48:12my generation?
48:22And finally,
48:24New Rule,
48:24as this Sunday's
48:25Academy Awards show
48:26is the 10th anniversary
48:28of the Oscars
48:29So White campaign,
48:30someone must wear
48:31a ribbon that says,
48:32we won.
48:35Just as a way
48:36to remind progressives,
48:38hey,
48:38you're progressive.
48:39Progress is what
48:40you're selling.
48:41Take the win.
48:43The Oscars are no longer
48:44a long,
48:45boring show
48:46full of white people.
48:47It's a long,
48:48boring show
48:49full of all people.
48:55In the last decade,
48:58Best Picture has gone
48:59to everything,
49:00everywhere,
49:00all at once.
49:01Green Book,
49:02Parasite,
49:02Coda,
49:03Shape of Water,
49:04Moonlight,
49:05not to mention
49:05Nomadland,
49:06which might be
49:07about Somalia,
49:08but no one has seen it,
49:09so it's impossible
49:10to know.
49:18Acting Oscars
49:19have gone to
49:20Will Smith,
49:21Michelle Yeoh,
49:22Zoe Saldana,
49:23Divine Joy Randolph,
49:25Yu,
49:25Yu Young Yoon,
49:26Yu,
49:28I apologize already
49:30for some of these names,
49:31Regina King,
49:32Viola Davis,
49:33Viola Davis,
49:33Kiku Wan,
49:34Daniel Kualua,
49:36and Marish Ali,
49:38twice.
49:40Eight of the last
49:41ten Best Director Prizes
49:42have been won
49:43by underrepresented groups,
49:45not to mention
49:4560% of the honorary awards.
49:48You can't argue
49:49with a straight face,
49:50or even a gay face.
49:54that the Academy
49:55in 2026
49:56still overlooks
49:58minority achievement,
49:59or that Hollywood
50:00is biased
50:01in favor
50:01of all white people,
50:03just Australians.
50:10Come on, man,
50:12can we live
50:12in the present?
50:13No Academy member
50:14this year
50:14filled out their ballot
50:15thinking,
50:16well,
50:16I didn't think
50:17Chalamet was very good,
50:18but I'll vote for him
50:19because he's white.
50:21Hollywood isn't
50:22a secret cabal
50:23of racists.
50:24It's a secret cabal
50:25of people terrified
50:26of looking like racists.
50:29And I'm just tired
50:30of no matter
50:30how much progress
50:31is made,
50:32social justice warriors
50:33feeling the need
50:34to gaslight us
50:36as if none of it
50:37had happened.
50:38A couple of years ago,
50:39the Academy established
50:40a very complex rule book
50:42that said
50:42you couldn't even be
50:43considered for best picture
50:45unless you met
50:46certain criteria
50:47like 30% of the crew
50:49or two department heads
50:51had to be from
50:52underrepresented groups
50:53and a main storyline
50:54had to be as well.
50:56Well,
50:57there goes my idea
50:58about a polka band
50:59in a ski town.
51:08I mean,
51:09please don't get us wrong.
51:10We're not saying
51:11you can't hire
51:12who you want
51:12or make a movie
51:13about whatever you want.
51:14Okay,
51:15that's exactly
51:16what we're saying.
51:18I'm surprised
51:18Trump hasn't sued
51:20them over it.
51:28But seriously,
51:29by this standard,
51:30you couldn't make
51:31Titanic today
51:32and hope to get nominated
51:33or Braveheart
51:34or Amadeus.
51:35Apollo 13
51:36was about a bunch
51:38of white people
51:39because white people
51:40have done some stuff.
51:41But somehow,
51:44without a production code,
51:45Hidden Figures
51:46got made
51:47and completed
51:47the historical record
51:49about how we got
51:50to the moon.
51:51Sinners this year
51:52is up for more Oscars
51:53than any movie ever.
51:55Sinners is good.
51:56It doesn't need
51:57affirmative action.
51:59Neither did Parasite
52:00or Shape of Water
52:01where she fucks a fish.
52:07How much more diverse
52:08can you get?
52:17A few years ago,
52:19Denzel Washington said,
52:20we ought to be
52:21at a place
52:22where diversity
52:22shouldn't even be mentioned
52:24like it's something special.
52:26Exactly.
52:27Sometimes I'm the equalizer.
52:29Sometimes it's
52:30an old English dude.
52:32Sometimes it's
52:34Queen Latifah.
52:37I mean,
52:38the whole thing
52:42The whole thing
52:43is so Hollywood,
52:45a room full of
52:45know-nothings
52:46who call themselves
52:47the Academy,
52:48making everyone tremble
52:50before their judgment,
52:51even though their judgment
52:52is often terrible
52:53and fails the test of time.
52:55Maybe the hashtag
52:56should be
52:56Oscar's so wrong.
53:05Citizen Kane,
53:06It's a Wonderful Life,
53:0812 Angry Men,
53:09Singing in the Rain,
53:10Dr. Strangelove,
53:11Raging Bull,
53:12Pulp Fiction,
53:13goes on and on.
53:14Not a single best picture
53:15among them.
53:16Brilliant,
53:17brave,
53:18groundbreaking,
53:19intellectually honest films
53:20constantly lose
53:21to much more forgettable,
53:23trifling,
53:24sentimental stuff.
53:25Saving Private Ryan
53:27lost to Shakespeare in Love,
53:29Sunset Boulevard
53:30lost to All About Eve,
53:31Glory to Driving Miss Daisy,
53:33Gangs in New York
53:34to Chicago,
53:35Munich lost to Crash,
53:37Citizen Kane lost to
53:39How Green Was My Valley,
53:41whatever the fuck that was.
53:49Reds lost to Chariots of Fire,
53:52Shawshank Redemption
53:53lost to Forrest Gump,
53:55some of the most iconic
53:56directors of all time,
53:58Hitchcock,
53:58Kubrick,
53:59Tarantino,
54:00Kurosawa,
54:01Bergman,
54:01Fellini,
54:02Rob Reiner,
54:03have zero wins
54:04for Best Director.
54:06The Oscars
54:07should give out
54:08a new award,
54:09the Kanye West
54:10I'm-a-Let-You-Finish
54:11Award.
54:18Yeah,
54:19just put Kanye in
54:20the audience every year
54:21to jump up and say,
54:22I'm-a-Let-You-Finish,
54:22but Shawshank is one of
54:23the greatest movies
54:24of all time.
54:30And the acting awards,
54:32no better.
54:33They're constantly giving out
54:35the make-up-for-a-snub Oscar
54:37when an actor gets one
54:38because the Academy
54:39stepped on its dick
54:40the first ten times
54:41the guy should've won.
54:43Al Pacino
54:44in The Godfather,
54:45Godfather 2,
54:47Serpico,
54:47Scarface,
54:48Dog Day Afternoon,
54:49I could go on,
54:50Crickets.
54:51Then he plays a blind guy
54:53who screams,
54:53hoo-ha,
54:54and welcome to the
54:55winner's circle.
55:03It's like honoring
55:04Michael Jordan
55:05for when he played
55:05baseball.
55:09But,
55:16you know why he won
55:17that one.
55:18Blind guy.
55:21I mean,
55:22afflictions win.
55:23Oscar has been given
55:25to so many people
55:26with diseases,
55:27it should wear
55:28a hospital gown.
55:29I mean,
55:35blind, deaf, ALS,
55:38cerebral palsy,
55:39Alzheimer's,
55:39amputee,
55:40there's nothing
55:40more automatic,
55:42well,
55:42except if you're
55:43mentally challenged
55:44in some way.
55:53In Hollywood,
55:55never say the R-word,
55:56but if you play it
55:57in a movie,
55:57they will give you
55:58a trophy.
56:05And the Academy
56:07is also constantly
56:08giving it to an actor
56:09when they're really
56:10giving it to the
56:11character the actor
56:12played.
56:13Not that these
56:14weren't all fine
56:15performances,
56:16but if you,
56:17as a nominee,
56:18are up against
56:19someone who played
56:20Gandhi,
56:21or Lincoln,
56:22or Aaron Brockovich,
56:24or Norma Ray,
56:25or Ray Charles,
56:26or Harvey Milk,
56:26or the guy in
56:27Philadelphia,
56:28or the dude at
56:28the Dallas Buyer's
56:29Club,
56:29just stay home.
56:32It was never
56:33going to happen.
56:39Also,
56:40stay home if you're
56:41up against someone
56:42who, you know,
56:43we suspect might not
56:44be up for an award
56:46again,
56:46or just up again.
56:50Art Carney in
56:51Harry and Tonto
56:52beat Jack Nicholson
56:53in Chinatown,
56:55John Wayne in
56:56True Grit,
56:57Henry Fonda,
56:58Jack Palance.
56:59I call this the
57:00Grandpa's Last
57:01Christmas Award.
57:09And it's always a lot.
57:11The only thing the
57:12Academy prizes more
57:13than this is if an
57:14actor makes the
57:15ultimate sacrifice,
57:17gaining weight.
57:20or losing weight.
57:24Or even, dare I say it,
57:27making themselves
57:28unbeautiful.
57:31Fake ugly nose?
57:32Please, do you even
57:33have to ask?
57:35Oscar should have
57:36another new category
57:37this year,
57:38Best Glue.
57:39All right.
57:40That's our show.
57:41I want to thank my
57:42guests,
57:42Anthony Scaramucci,
57:43Lloyd Blank,
57:44and Governor
57:45Jock Shapiro.
57:46Club Random
57:46drops every Monday
57:47on YouTube,
57:48or listen wherever
57:49you get your podcasts.
57:50Now go watch
57:51Overtime on YouTube.
57:52Thank you,
57:53ladies and gentlemen.
57:54Thank you,
57:55gentlemen.
58:07Thank you,
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