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Rep. Lee Zeldin Assaulted, Attacker Released in Two Hours

22 Jul 2022

BUCK: The big news from yesterday was that Lee Zeldin, who we had recently on the show, was attacked on stage by a belligerent drunk who had a blade in his hand, kind of a strange-looking edged weapon, but he had a blade in his hand. And he grabbed Lee Zeldin — it’s all on video. I’m sure many of you have seen it. In fact, we’ll put the video up for reference at ClayandBuck.com if you haven’t seen it to understand what went on here.

This guy walks up to him, tries to take the mic out of his hand and grabs his arm and then he’s got a blade in his hand, but he kind of falls down after he gets tackled by a bunch of people. Now, it’s clearly assault. It’s felony assault of a gubernatorial candidate in the state of New York. People are saying it’s an attempted assassination. Look, I don’t think this guy’s going to get charged with attempted murder for this. But it is assault. It is assault probably with a deadly weapon. It’s felony assault. And that means that this should be — it’s a very serious event. And I think should be treated with extreme seriousness by the courts. Clay, he was out on bail. Lee Zeldin was giving a talk at the time about bail reform in New York state. His attacker was out on bail in less than two hours.

CLAY: Well, it’s a perfect distillation of the argument that he’s trying to make of why violent crime is skyrocketing in the state of New York and why so many people out there are listening to us right now who may in past years have said, man, I would never listen to guys who were going to vote Republican in the 2022 midterms, 2024 presidential election because Democrats have lost their mind.

In particular, Buck, when I saw this news break last night about Lee Zeldin I thought about the Brett Kavanaugh attempted assassination. And however you want to classify this to your point. assault with a deadly weapon, assassination attempt — however you want to classify it, in the space of, what, six weeks, we have had an attempted assassination of a sitting Supreme Court justice by a left-wing lunatic who wanted to kill Kavanaugh because of his politics. And we don’t know exactly what the motivations, to my knowledge, are of this crazy left-wing loon who attacked Lee Zeldin.

But I just want everyone out there to think for a moment, if a gubernatorial candidate had been Democrat, attacked on stage by someone with a weapon, and if someone had shown up outside Sonia Sotomayor’s house with an intent to kill her or intent to kill Elena Kagan or certainly Ketanji Brown Jackson, how would the media be handling these two incidents? And I think all of you know where I’m going. They would be saying this is what white supremacy causes; these are what right ring extremists lead to. They would tie it all into January 6. I want to point out, to my knowledge, Buck, maybe I missed it, I haven’t seen CNN connect into stories or MSNBC connecting these stories, and I haven’t seen any demand from left-wing media of the Washington Post or New York Times that we have to talk about left-wing political violence and how dangerous it is and how much of an existential threat it is to our democracy. And this ties in also, Buck, with what we just saw happen in Maryland.

How much discussion are you seeing of Democrats.. we saw it happen in Illinois. Democrats all over the country are spending tens of millions of dollars to try to select their opponents in all of these primaries. I haven’t seen Republicans really doing this. Isn’t that a direct attack on democracy, trying to pick who your opponent is and spending tens of millions of dollars to try to rig elections? Oh, but January 6 is the greatest threat that’s ever existed in human history. I just think the timing of all this and the crickets from many parts of our media are illustrative of a bigger picture here.

BUCK: I also think that the bail reform — remember, it’s not just New York. Other places have done no-cash bail.

CLAY: Most cities in America now.

BUCK: This was a central component of — you have to think of this as these multiple pieces of these soft-on-crime, left-wing agenda, which we’ve seen talked about really for the last, I’d say, 10 years. But in the last three years, in particular, they got their way all across the board. Because of BLM, all of a sudden, all of the, oh, wait, this doesn’t work for crime reduction, this doesn’t work if you want to have an orderly city or just an orderly society.

People said, “I don’t want to be call racist, so I’ll do whatever the defund-the-police, end-mass-incarceration movement demand.” A big part of it was always this bail reform. They sold it to everybody as they’ll find a story of somebody who, “Oh, man, there’s this guy and he just stole something but it’s because he has a particular circumstance. He had a health issue.” They’ll find the most sympathetic story possible and say he just doesn’t have the $5,000 of bail. Now, other people, bail bondsmen put up the bail, whatever it was. The story is poor people sit in prison forever and never get out for minor things. That was the narrative in whatever way they tried to push that on people.

The truth is that lunatics with a knife in their hands jump up on stage and attack a Republican governor and they’re out in a couple of hours. That’s what bail reform has actually meant. Just like defund the police was supposed to be, Clay, we just need more social workers and more community investment. It was, okay, now you have less cops, less OT, less units that are highly trained to deal with the violent human element, and more people are being robbed, attacked and dying in American cities. The cause and effect here is clear.

CLAY: I think we have audio from Lee Zeldin. Just so you know out there, we have invited Lee Zeldin on the program today. I’m sure that today is total chaos for him, but he may call in, he may not. Certainly if Lee Zeldin’s people are listening right now we’d love for him to reach out to our audience and tell the story. But I believe we have audio. He has spoken about exactly what happened during this attack as he was speaking in Upstate New York. Let’s listen to this.

ZELDIN: The way that I’m wired, when I see somebody wearing a hat saying they’re a veteran, my guard couldn’t possibly be more dropped. But at the exact same time, I noticed he had a weapon in his hand and it had two holes where he had two fingers through the holes. It had two sharp, dagger-like edges on it. And he was telling me, “You’re done.” And obviously at that point, regardless of whatever is on your hat, this was not a normal situation and there needed to be action taken. When he lifted up his hand and he was lunging for my throat area, the first thought was to grab onto his wrist and just to hold it because there were so many people around that I would expect there to be help quickly.

CLAY: I mean, this is terrifying, right? And thankfully he was able to hold off that hand, that potential attack, not potential, that attack with the weapon. And, Buck, I feel like, with the rise of violence overall that’s going on in the country, I hate to say it, but if I’m a politician on the road campaigning in the midterms this fall, I want a level of security around me that I have never had before even if you aren’t a person who feels particularly in danger. Do you know what I’m talking about? The ratcheting up — Joe Biden was supposed to make America normal again — but the ratcheting up of violence and the acceptable nature that the left-wing has now put in play, I would be very nervous if I’m on the campaign trail.

BUCK: There’s a desperation from the Democrat left right now. They have no good arguments. They know they’re not just about to lose an election; they’re about to be told by strong majorities of the American people, ideas that leftists hold very close to their sense of how virtuous they are, how good they are, how smart they are, those ideas are about to be dumped all over by the American people coming into or in this midterm election. And so I think there’s, one, the left, because of the rhetoric and covid and the lockdowns and all of this, is more unhinged than we have seen them, I think, than we’ve ever seen them, at least in my lifetime. I think the left has gone crazier on more things, and they don’t have arguments. And so you hear even the mainstream rhetoric from Democrats.

You even hear from the Hochul campaign, there’s a lot of, “Get out there and you tell Lee Zeldin that his wanting to get rid of common sense gun laws because he doesn’t care about children dying from gun violence.” You hear the stuff that they say and you go, a person who really believes that is going to feel like they have some greater justification for confronting physically politicians and perhaps even for some of the most unhinged leftists, incidents like this, and God forbid incidents that are even worse, what we saw with James Hodgkinson at the baseball field in Alexandria, Virginia in 2018. Bernie Sanders supporter. By the way, how long do you think it will take.

Not that I blame Bernie Sanders for that, but I do think if we are going to talk about political violence, we have to be honest about the fact that there are violent leftists, obviously; and beyond that, Clay, when do we actually get to have a conversation about the fact that the last election was held under a degree of duress? That there were stores boarding up all over America because they were terrified of what was going to happen if Joe Biden didn’t win?

CLAY: Yes. The violence of the left is very minimally talked about. The easy analogy is, we just had another January 6 hearing, and to my knowledge nobody has figured out or had a legitimate hearing into how do we have a whole summer of violence in 2020? Who facilitated it? Who paid for it? And how do we know it’s not going to happen again as soon as Democrats have another election that they’re trying to win.

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C&B 24/7: Clay & Buck’s Show Prep

22 Jul 2022

  • Commentary: The Usurpation the Jan. 6 Committee Is Overlooking – Noah Rothman
  • PJ Media: The Left Should Be Happy With Biden – Victor Davis Hanson
  • New York Post: Used cars cost $10,000 more than ‘normal’ as inflation surges: analysis
  • New York Post: Hunter Biden spotted with wife Melissa Cohen and son amid reports of cracks in their marriage

  • New York Post: Is the Hunter Biden probe delay to protect Dems in the midterms?
  • UK Daily Mail: Biden, 79, masks up in new photo of him signing the Formula Act into law as China wishes him a ‘speedy recovery’ from COVID and White House insists his age is not a concern because he is double vaxxed and boosted

  • Daily Caller: Nancy Pelosi Flees The Podium After Being Asked About Her Husband’s Stock Trades
  • Daily Wire: New York Family Gave Hochul $300K, State Paid Their Company $637M For COVID Tests
  • Daily Wire: ‘Fans Are Having A Heart Attack’: 80’s Rocker Dumps Her Own Top Hit To Protest Gun Violence
  • Breitbart: Joe Biden and His Doctor Hide from Public View After Coronavirus Infection

  • UK Daily Mail: Wealthy Minneapolis neighborhood is CROWDFUNDING to pay for extra police patrols just two years after woke city council pledged to ‘end policing as we know it’ by disbanding department and defunding it by $1M
  • Federalist: I Was Wrong About The Media. They’ve Always Been A Pretentious Gang Of Losers

  • BizPacReview: NYT columnist admits he was wrong about Trump supporters, gets eaten alive on Twitter
  • New York Post: NY Times columnists admit to being ‘wrong’ in series of mea culpas
  • UK DAily Mail: ‘I’d respect them more if there was at least one black person!’ Dave Chappelle mocks protesters who forced him to move Minneapolis show over his ‘transphobia’ – and the fans LOVE it!

  • PJ Media: GOP Gubernatorial Candidate Lee Zeldin Attacked by Man With Knife
  • New York Post: Lee Zeldin attacker quickly released from jail — just as pol predicted
  • Breitbart: Alleged Lee Zeldin Attacker Already Released Without Bail

  • New York Post: The week in whoppers: AOC’s ‘handcuffs,’ Pres. Biden’s ‘cancer’ and more
  • New York Post: Twitter blames Elon Musk battle for shocking revenue decline
  • HotAir: Republicans could change government the way they changed the courts
  • Daily Wire: ‘My Lawn Is Now Becoming A Public Bathroom:’ Portland Residents Fed Up With City’s Homeless Population
  • Breitbart: China Approves $458 Million Coal Project amid Power Crisis

  • BizPacReview: DHS launches criminal probe into missing Jan. 6 Secret Service texts, alleging agency knew about messages
  • Federalist: Democrats Announce Season 2 Of Jan. 6 Saga After This Week’s Finale Ended With A Dud

  • Federalist: Fulton County DA’s J6-Style Crusade Against Lindsey Graham Is Unconstitutional, And Here’s Why
  • ZeroHedge: DOJ Sabotaged Trump Release Of Russiagate Docs

  • New York Post: Sailboat with over 150 migrants on board intercepted off Florida coast
  • New York Post: America’s woke Army is facing a recruiting nightmare
  • Federalist: In The Wake Of Roe’s Demise, Democrats Are Doing All They Can To Thwart Democracy
  • HotAir: Disney does it again: Gender neutral title replaces Fairy Godmothers at dress up salons
  • HotAir: Study finds the common explanation for how anti-depressants work is false

  • Daily Caller: 50 School Districts Granted $10,000 By ‘It Gets Better Project’ To Promote Gender Ideology In Schools
  • New York Post: Is the Hunter Biden probe delay to protect Dems in the midterms?
  • UK Daily Mail: Biden, 79, masks up in new photo of him signing the Formula Act into law as China wishes him a ‘speedy recovery’ from COVID and White House insists his age is not a concern because he is double vaxxed and boosted

  • UK Daily Mail: Wealthy Minneapolis neighborhood is CROWDFUNDING to pay for extra police patrols just two years after woke city council pledged to ‘end policing as we know it’ by disbanding department and defunding it by $1M
  • Federalist: I Was Wrong About The Media. They’ve Always Been A Pretentious Gang Of Losers

  • BizPacReview: NYT columnist admits he was wrong about Trump supporters, gets eaten alive on Twitter
  • New York Post: NY Times columnists admit to being ‘wrong’ in series of mea culpas
  • UK Daily Mail: ‘I’d respect them more if there was at least one black person!’ Dave Chappelle mocks protesters who forced him to move Minneapolis show over his ‘transphobia’ – and the fans LOVE it!
  • New York Post: The week in whoppers: AOC’s ‘handcuffs,’ Pres. Biden’s ‘cancer’ and more
  • New York Post: Twitter blames Elon Musk battle for shocking revenue decline
  • HotAir: Republicans could change government the way they changed the courts
  • Daily Wire: ‘My Lawn Is Now Becoming A Public Bathroom:’ Portland Residents Fed Up With City’s Homeless Population
  • Breitbart: China Approves $458 Million Coal Project amid Power Crisis
  • BizPacReview: DHS launches criminal probe into missing Jan. 6 Secret Service texts, alleging agency knew about messages

  • Federalist: Democrats Announce Season 2 Of Jan. 6 Saga After This Week’s Finale Ended With A Dud
  • Federalist: Fulton County DA’s J6-Style Crusade Against Lindsey Graham Is Unconstitutional, And Here’s Why
  • ZeroHedge: DOJ Sabotaged Trump Release Of Russiagate Docs
  • New York Post: Sailboat with over 150 migrants on board intercepted off Florida coast
  • New York Post: America’s woke Army is facing a recruiting nightmare

  • Federalist: In The Wake Of Roe’s Demise, Democrats Are Doing All They Can To Thwart Democracy
  • HotAir: Disney does it again: Gender neutral title replaces Fairy Godmothers at dress up salons
  • HotAir: Study finds the common explanation for how anti-depressants work is false
  • Daily Caller: 50 School Districts Granted $10,000 By ‘It Gets Better Project’ To Promote Gender Ideology In Schools

  • Recent Stories

    C&B 24/7 VIP Video: Biden Catches Covid

    21 Jul 2022

    President Biden has covid and we all wish him well. He’s going to be fine. But the fact remains, he told us that it was impossible for somebody who had four covid shots like him to contract the virus. And that’s one of the many lies he’s told. Clay and Buck break it all down for us in this clip.

    Only C&B 24/7 members can watch this exclusive video.

    If you’re not a member, sign up now. You can also use the special VIP email pipeline to Clay and Buck to share whatever is on your mind or take a deeper dive into the day’s top stories with Clay and Buck’s Show Prep.

    Watch: Biden Tests Positive for Covid After 4 Shots and Countless Lies

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    Nick Searcy on the Movie “Capitol Punishment” & Jan. 6 Show Trial

    21 Jul 2022

    CLAY: We’re joined now by Nick Searcy, producer, director, film and TV star. He has a new movie out about January 6, called Capitol Punishment. You can do find the movie at CapitolPunishment.locals.com or GiveMeLibertyNow.org. Nick, you also live part of the year down in Franklin, Tennessee, near where I live. And you are deeply concerned about what’s going on with the January 6th political prisoners. What’s the latest you can tell us, and what will we learn by watching the movie?

    SEARCY: Well, you’ll learn what the truth is, as opposed to what the January 6th committee is putting out. I mean, the January 6th committee is really just like the Mueller investigation. It’s really a fake investigation, that is meant to cover up what they actually did. And it’s come out, that Adam Kinzinger brought a gun to the Capitol on January 6 and told his staff not to come in. And Liz Cheney, she brought a retired Secret Service agent with her that day for security, because they knew something was going to happen. And so what’s going on now, is they are persecuting innocent Americans who happened to go to Washington that day in order to cover up the actual crimes that the people in Washington committed.

    BUCK: Nick, thanks for being with us, it’s Buck. What regarding some of the stories of people, you mentioned the way that they’re tracking down over all over the nation. People who were there, and many of whom didn’t really do anything. They were there, but they didn’t actually attack police or they don’t engage in violent or, or even destructive behavior necessarily. And have had the FBI show up, as though, they’re a member of al-Qaeda or something. What are some of the stories that you tell in the documentary, in the film you made here, about just how they’re being prosecuted?

    SEARCY: Well, one of the people featured in the film is Derek Kinnison. And he went to Washington that day with his friend, Tony Martinez. They didn’t go in the building. And both of them had their homes raided by the FBI, a 6:00 a.m. raid. S.W.A.T. teams. Armored vehicles coming down– their suburban streets. And their families pulled out into the street. Tony Martinez’s daughter, Isabelle, who was 13 years old, was handcuffed by the FBI. And what they do, is they do this to humiliate them in front of their neighbors, as well as scare everybody to death, that you should never, ever, ever resist the government ever again. And what’s happened to these people is chilling. And it’s continuing to happen.

    I just heard from a lady last night, who had her home raided a month ago. On June 22nd. And another person, who never went inside the building, who just went there, and protested peacefully and came home. This is an intimidation tactic that you’re used to seeing in a totalitarian country. But you’re not seeing this kind of tactic in the United States of America. I really couldn’t believe it. After we started making the film and we started uncovering these stories. I was shocked. I could not believe that this was going on.

    CLAY: Nick, I’m with you, that I was shocked also, and I’m coming to it from the perspective of an attorney. We’ve had Julie Kelly on, who I bet you’ve interacted with some as a part of covering this January 6 political persecutions. And she told us, just as recently, a couple of weeks ago, Nick, we had her on. And she said there’s still 80 people being held in Washington, DC. We’re coming up on certainly well over a year and a half since January 6th, and a lot of these guys still don’t have access to good attorneys. They still haven’t had any resolution to their cases. Some of them are still in solitary confinement. And yet, it’s as if they don’t exist. It’s wild.

    SEARCY: Yeah. And I know of at least one case in — in which a man is still incarcerated. He’s been in there since January 6. They are holding this man, because he actually witnessed the death of Rosanne Boyland, who was the second woman who was murdered that day. And they want to say that Rosanne Boyland — they put out the story that Rosanne Boyland died of a drug overdose. She didn’t. She was beaten to death. And one of the people there was a witness to that and that’s why they don’t want him to speak. They don’t want that to come out. And that is what is such a travesty about the January 6th committee.

    If they were really were a fact-finding committee, and they really wanted to find out what was happening, they would call people like this man, who saw what happened to Rosanne Boyland. They would call Ray Epps. They would ask Ray Epps why he was telling people to go inside the Capitol for two days. I mean, they would also investigate the fact that John Sullivan was in the hallway when Ashli Babbitt was killed. John Sullivan is a known BLM activist. And you have Christopher Wray getting up and testifying that there’s no knowledge of any BLM or Antifa presence there. And I have the footage. It’s in the movie. I’m just some actor in Hollywood. I know Christopher Wray knows who was in there. And that’s the joke about the January 6 committee. They’re not interested in the truth. They’re just advancing an agenda.

    BUCK: Nick, where can people go to watch this film, and how can they support the efforts to get out more of the suppressed truth?

    SEARCY: Well, you can go to NickSearcy.locals.com. You can watch the film there. You can also go to CapitolPunishmentTheMovie.com. Both of those places you can purchase the film on streaming, or on a DVD. And another thing that has been happening with One America News has been airing it opposite the — whenever the January 6th show trials are on. They air Capitol Punishment as counter programming. So, there’s a lot of ways to see the film. But the important thing about the film, is it’s going to show you what the establishment in Washington is covering up. And that is the way they are torturing common ordinary citizens, who disagree with the government, thought something was fishy about the election. And wanted to publicly say something about it. They’re trying to send a message to everyone. Don’t you ever, ever resist us ever again.

    CLAY: Good stuff, Nick. One last question for you. You come out of the Hollywood universe. We certainly hear all the time, about the left-wing bias in Hollywood. One of the things I’ve seen, however, there’s a lot of people who are sort of under the radar in Hollywood, that agree with a lot of what Trump was saying and a lot of what we say on a regular basis on this program. What was your experience in sort of interacting with undercover Trump supporters in the entertainment universe?

    SEARCY: I have a lot of friends, and they are people that you would know, actors whose faces you would know, without their names, who totally agree with me. They always say to me, “I agree with you totally, but you’re insane speaking out the way you do. If I said what you said, I would never work again.” And I always tell them, look, I’m working a lot. I’m just not working with the same people I used to work with. And I think what we have to do in Hollywood, we have to get our courage up, and start standing up to these bullies. Because that’s what they are. They want to intimidate you into silence, exactly like what the January 6th committee is doing. They want to make sure you shut up, so that no one hears your point of view. And I keep telling them, there’s people out there you can work with that I work with all the time. Don’t worry about it. Say what you think. Hopefully, more and more of us will have the courage to start speaking out.

    BUCK: Nick Searcy. Go check out Capitol Punishment, the movie. Nick, thanks so much for being with us.

    SEARCY: Thanks so much, Buck and Clay, it was an honor.

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    The Woke Left Comes After Chappelle Again

    21 Jul 2022

    CHAPPELLE:  The rule is, that no matter what you do in your artistic expression, you are never, ever allowed to upset the alphabet people.  You know who I mean.  I would say the letters, but I don’t want to conjure their anger.  It’s too late now.  I’m talking about them L’s and them B’s and them G’s and the T’s.  You would be surprised.  I have friends.  All kinds of letters.  Everybody loves me.  And I love everybody.  I have friends who are L’s.  I got friends who are B’s.  And I got friends who are G’s.  But the T’s hate my (bleep) guts.

    CLAY:  That was Dave Chappelle, who is among the most successful and famous comedians of his generation.  And despite all of that, he is still getting the cancellation treatment sometimes.

    Up in Minneapolis, Minnesota.  Dave Chappelle just had a standup show canceled at a place called First Avenue, which is a venue.  And it was the setting for Prince’s Purple Rain, apparently, I’m seeing here, that video.  Because people complained on Twitter, Clay, that Dave Chappelle had made transphobic jokes.  And, of course, they always add to this, at this particular time, it’s a question of violence against trans people.  And so it’s not just we are hypersensitive crybabies.  It’s, if you make jokes, this is literal violence against the trans community.

    BUCK: Speaking of actual violence, didn’t a trans dude or girl or whatever, actually just attack Dave Chappelle on the stage in L.A.?  That just happened at the Hollywood Bowl a couple of months ago.  Guy went up, and he had, I think it was a fake gun, but it had a bayonet on it.  And he got tackled before he could do any real damage, to Chappelle.  And then L.A. DA, George Gascon, what do you think I did, Buck?  Chose not to charge this violent attacker with felonies, if I remember correctly.  All of that story surrounding David Chappelle that happened, at the Hollywood Bowl.

    Clay, I still like jokes.  We stand with jokes on this show.

    CLAY: We’re pro-joke.

    BUCK: That’s right.

    CLAY:  Yes.

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    Clay Calls Shot: Merrick Garland Will Charge Hunter — And Trump

    21 Jul 2022

    CLAY: Now, I am either going to say something, where a year from now, you guys are going to be like, “Wow. This was a brilliant comment from Clay.” Or hopefully, if I’m wrong, all of you are going to forget I ever said it.

    BUCK: You are calling a shot here, into the upper deck, and then saying you’re going to come back in the next inning and do it funny.

    CLAY: Yeah. This is like Babe Ruth calling multiple shots, home runs, pointing and say where it’s going to happen. So yesterday afternoon, evening, CNN breaks news that things on the Hunter Biden front are becoming increasingly tumultuous. Basically, we’re reaching the climax point of these — interesting point given all the Hunter Biden videos out there, that we are reaching a point of decision, to be made, as to whether Hunter Biden is going to be charged or not, for a variety of different crimes. And that Merrick Garland is weighing, whether charges will be brought or not and worrying potentially about the midterms and whether it’s too political in nature, to be bringing charges against Hunter Biden right now.

    So the significant thing to me about this, Buck, was that CNN was breaking the news. And then everybody followed up. Fox News had their own report. Politico, everybody else. But CNN broke this news. And CNN is basically Pravda for the Biden administration Democrats in general. So, the fact that CNN would break this, makes it feel as if Democrats are okay with it happening. So, here was my immediate thought, as I read the CNN report yesterday evening. My thought was, and we have tonight another Jan 6 hearing. And there is continuing pressure on Attorney General Merrick Garland to bring charges against Donald Trump, related to January 6. Tell me if I’m calling my shot Babe Ruth-style with back-to-back home runs, but pointing in both directions.

    I believe that they’re going to bring charges against Hunter Biden. And when they bring charges against Hunter Biden, Merrick Garland will come out and say, “Even though it’s the president’s son, our job is to be an independent judiciary, and not to treat anyone favorably based on their relationship with the current president.” And then, that will open the door, to forcing Joe Biden out, which is what Democrats want, because they don’t want him running again in 2024 and if his son gets charged, Biden is effectively done.

    But then it also then allows Merrick Garland to file charges against Trump, and then argue, these are not politically motivated. Just as I brought charges against Hunter Biden for violations of the law, I will also bring charges against Donald Trump for violations of the law. I think he uses the Hunter Biden charges as cover politically for being able to bring charges against Donald Trump. Your thoughts on that idea?

    BUCK: Okay. So this would — you know, back in the old CIA days, do an analysis. You would call it a “low probability, high impact scenario.” Right?

    CLAY: Yes.

    BUCK: I wouldn’t say that the Hunter charges of any kind are a super low probability.

    CLAY: Let’s start with that one. Let’s start with the Hunter. Are you at all nervous — we have the steak dinner on the line. Do you think it’s more likely than not, or still less likely than not, and Hunter gets charged based on the new news?

    BUCK: No. I’m going to really hammer this home by ordering like the lobster meat they put on top of the lobster steak, just to be really over the top, you know. I don’t think they’re going to bring criminal charges against Hunter. Although, to be fair, I think when you said that initially, I’m like, Clay is a great guy, ut I think he’s ahead of his skis a little bit, to, it’s not outrageous. Right? Because the protection that Joe Biden would have offered Hunter a year ago, as they would have not been willing to go against the party. The Democrat Party interest was absolute. I don’t think that’s absolute anymore. So that is a different.

    CLAY: Because Biden’s use, we agree, to the Democrat Party is basically over.

    BUCK: Yes. Yes. The Biden’s use to the Democrats — I think they’re starting to view him perhaps as a liability.

    CLAY: Yeah.

    BUCK: No one has even thought of this. What if all the advisers around him said, “Hey, old guy, time for you to say because of health reasons.” And he goes, “No, I don’t want to.” We assume he’s not, but it’s going to Kamala? So there’s that possibility.

    The bringing charges against Trump is certainly something that they want to indicate to their base, the congressional Democrats, who have been setting this all up, want their base voters to believe that that’s where all of this is going.I think it’s unlikely that they’ll actually do it though, because the one, the political precedent that it would set, right?

    CLAY: Yeah.

    BUCK: Would be massive. Now, I think the Democrats are craven, but I do think that they also have some fear of the blowback that they could get at a certain level. But you’re talking about making a big call here. So, yeah. It’s low probability, high impact. You could call it a black swan event, or a fat tail event, right, where it’s very unlikely, but if it did happen, it’s a really big deal.

    I think that we’re getting closer and closer to where the resolution of the Hunter Biden criminal probe, which is about taxes. It’s also been noted in the CNN report, that you’re not allowed to be a drug addict, vecause you have to fill out a form, to get a handgun. You’re not allowed to be a drug addict, to get a gun. That’s actually a no, no. That’s a federal crime. So he’s guilty of that too. I think they’ll let him skate on that, because they’ll say, well, was he a drug addict when he signed it? They’ll find some way around that. That’s a tough one to prove.

    On the tax issue, I think they’re going to find a way for him to take some slap on the wrist, pay some fine, deferred prosecution thing, which still means you’re buying a steak, by the way. If he has to actually take a plea to a criminal charge, you win. If it’s a real criminal charge. If it’s a civil charge, that doesn’t count, right?

    CLAY: Criminal charges. It’s just whether he will be charged.

    BUCK: A criminal charge, not with a civil fine or something, right? That’s special treatment right? You or I not declaring millions of dollars from Ukrainian gas companies opinion or Chinese oligarchs or whatever, we wouldn’t be paying a little fine, chief. You and I know that.

    CLAY: Yeah.

    BUCK: So now he real calculation, I just, and this is what you’re getting to, is at this level, it becomes a political question. Is Hunter Biden protected because Joe Biden is still important enough to the apparatus, that they will ignore clear violations of federal law, in order to make sure that they don’t hurt the party, and hurt Joe Biden’s chances of reelection? I don’t think that question now has an obvious answer. Whereas, a year ago, I think it was, you know, Hunter Biden could do whatever he wanted. And he has kind of done whatever he wanted for a long time.

    CLAY: I think the political nature of it. Merrick Garland is going to sit back. And I think the only way he can charge Trump, is if Hunter Biden also gets charged. That’s how I come to my prediction of what he’s going to end up doing. Because the evidence out there on Hunter Biden is overwhelming, that he has committed multiple felonies. And these aren’t necessarily very difficult, I don’t believe, cases to make on many different fronts surrounding Hunter Biden. I think there’s probably 20 felonies, that are just are on that laptop, that you could reach in, if you were an aggressive prosecutor, and decide that you were going to take that path to charge him. So that is not even remotely difficult.

    To me, if he is going to charge Hunter Biden, effectively, that is the Democrats acknowledging that they have to get Joe Biden off the stage. That they have to do whatever it takes to get him out of running in 2024. And this is their way to take him out. Simultaneously, I think that that would allow Merrick Garland in his own mind, the attorney general, to bring charges, mainly of a relatively low level, potentially conspiracy charges, against Donald Trump, with the idea being that will knock him out of being the Republican nominee in the upcoming primaries. I think that remains to be seen, because there are a lot of people listening to us right now, Buck, that if Trump got charged, by the Biden Department of Justice, would actually just confirm everything that he’s ever said, and might work to his benefit, and I think it makes it more likely, that Trump would run. Because probably the best way to forestall prosecution from the government, is by becoming the head of the government.

    BUCK: Well, I’m going to jump on the Clay’s Crazy Prognostication Train, The Nashville Nostradamus Express here. Imagine if they charge Trump, and then Biden pardons him in an act of supposed magnanimity, to make it seem like — because, remember, if they charge Trump, what if he beats it?

    CLAY: I mean, if he gets elected, he could theoretically pardon himself right?

    BUCK: They would probably finish it before he could get elected.

    CLAY: I think you drag it out for years. If you’re Trump. You could drag iota this criminal case forever. To the point, where you become elected president and then just, you’re the head of the Department of Justice then, basically. And you wipe out. That’s why I think it makes it more likely, ultimately, if they charge him, that he runs. Like, if you were actually run through the political calculus, and say, okay. Democrats, we hate Trump. What’s the worst thing we could do within to make it more likely that Trump with a would run. I think it’s do everything they’e done, January 6th hearings leading to charges being filed.

    Ignoring Trump would be the best — like, “Oh, he was okay. Like the most destructive thing Democrats could say to Trump is, “He was a pretty good president. I think we can just find somebody better.”

    BUCK: Oh, they are poking the bear for sure. He is a big bear. I would not poke.

    CLAY: Yes. Yes. So that is my call. And I will either look brilliant over the next six to eight months. Or we’ll pretend this clip never happened.

    Recent Stories

    Starbucks CEO Blames Store Closures on Democrat Crime Policies

    21 Jul 2022

    BUCK: There’s this situation we mentioned yesterday of Starbucks is closing stores all — and, you know, I just. I like the egg bites. I’m just going to say it. I’m an egg bite guy.

    CLAY: I’ve never had an egg bite.

    BUCK: You’ve never had an egg bite? Clay Travis, this is madness. This is delicious.

    CLAY: I’m not a breakfast guy. Is this a breakfast food?

    BUCK: No. I eat it any time of day. Because, otherwise, it’s like pastries, and I can’t eat flour, obviously, unless I want to get really sick. So the only thing I can really eat is a banana or egg bite that I can get there. But, you know, Starbucks, really, it was the beginning of the nationwide coffee chain revolution. Became a multi, multibillion-dollar business. One of the most recognizable brands, certainly I would say in the United States. Right? And it’s now you see Starbucks all over the world.

    They closed 16 stores. Given how many stores they have, may not sound like it’s that big of a number but more are coming. And the reason for the stores coming. And the reality of those stores is yet another indicator of, Democrats are crazy when it comes to crime. They’re crazy on covid. They’re crazy on crime. Here’s what I mean: Howard Schultz, CEO of Starbucks has said the 16 stores they’re closing, which are all in Seattle, Los Angeles, Philadelphia, Portland, DC. What do those places have in common, my friends? Who is calling the shots in the mayor’s office, as police commissioner, as prosecutors? Oh, we all know, don’t we.

    These Democrat cities. Blue, Deep Blue enclaves. More store closures are coming, despite the fact that they’re profitable, because of the assaults and the crime. This is audio of the Starbucks CEO, Howard Schultz, telling people in the company, that it is, in fact, crime that is closing these stores.

    SCHULTZ: You all read the press release over the past couple of days, of the fact that we’re beginning to close stores, that are not unprofitable. It has shocked me, that one of the primary concerns, that our retail partners have is their own personal safety. And then we heard the stories that go along with it, about what happens in our bathrooms. The issue of mental illness. And the issues of homelessness. And the issues of crime. And Starbucks is a window into America. We have stores in every community and we are facing things in which the stores were not built for. And so we’re listening to our people and closing stores and this is just the beginning. There aren’t going to be many more.

    CLAY: Because Starbucks is unsafe now, Clay. In these Democratic cities. I wonder what led to this.

    CLAY: This is what happens when you allow woke viral outrage on social media, to change your policies, effectively overnight. And you will remember, there were suddenly a lot of complaints. It went viral. It was trending. Around the fact that I believe, the protocol used to be, Buck, that Starbucks bathrooms were only available for people who were consumers of Starbucks’ products. And then they said, you know what, anybody can use our bathrooms. And they effectively turned into…

    BUCK: Why did they make that decision about anybody can use — not just — it’s not just the bathrooms, Clay. You can sit down in a Starbucks, and not buy anything.

    CLAY: You never have to buy anything.

    BUCK: Why did they make that decision? We all remember this one?

    CLAY: I think it was because there were a couple of black guys sitting there, that supposedly got —

    BUCK: They said it was racist, when they were asked to leave if they didn’t buy something. So Starbucks got accused of racism by two people, who weren’t buying anything. And then they changed the policy nationwide. And at the same time, we had the rise of the BLM movement. Progressive prosecutors. And ending of incarceration, whereby, police forces are told, look, if there’s a crazy homeless person, who is throwing trash at people and screaming. And there’s spittle flying out of his mouth and whatever. It’s like, it’s no big deal. Just let it be. You don’t want the cops to actually make an arrest. You don’t want the cops to remove them from a private business. Don’t want to do that. This is what’s happening in these cities.

    CLAY: I think it’s significant, Buck. In the very beginning there, he said, these are still stores where they’re making money. They are profitable. It’s one thing, if you decide to close down because you’re not — business is not being successful. People don’t feel safe. And so they’re having to shut down. I mean, they have to go back to the policies that they had for decades, before they trended for being racist for a day and destroyed all of these places. And the irony is, I’m sure, a lot of the people who are going to lose their jobs at these 16 stores, in these different cities are minorities.

    BUCK: The CEO here, who is a left-of-center guy, you know, a Democrat, actually spoke about elected officials being to blame. We have that audio too. So you should hear it, folks. He knows. It’s Democrats.

    CLAY: We’ll play it when we come back. That will be perfect.

    BREAK TRANSCRIPT

    CLAY: We are breaking down Starbucks CEO Howard Schultz’s comments about needing to close 16 stores, over the fact that they’re, frankly, just not safe. And he also, as a part of this discussion, with Starbucks employees said, there are going to be more that we are going to have to close. And this was his further discussion, about the political consequences that have mostly come from Democrat rule, all 16 of those stores are from Democrat blue cities. Listen.

    SCHULTZ: In my view, at the local state and federal level, these governments across the country, and leaders, mayors and governors, city counsels have abdicated their responsibility in fighting crime and addressing mental illness. And we are going to have to refine and transform and modernize many of the things we do, to meet the needs of our customers in a very changing operating environment, in which customer behavior is changing.

    BUCK: Here is Howard Schultz, the CEO of one of the most recognizable brands, with among the most franchises. I mean, I think it’s right up there alongside McDonald’s. And it’s one of the most common, you know, franchise, restaurants in the whole country. Here he is, just straight-up saying, everybody. I mean, he doesn’t say the D-word, Democrats. But it’s in Portland, Los Angeles, Philadelphia, Washington, DC. He’s saying, they will not enforce the law. They will not punish crime. So we have to close our stores in these places, because it’s unsafe.

    CLAY: We just had Art Laffer on. And he was phenomenal. I would encourage you to go download the podcast, if you want a lesson on economics, but he said something interesting. He said, look, I’ve been through high inflation times before. That’s what happened in the late ’70s and early ’80s. And I feel like, and I bet you feel this way a little bit, Buck. Not that either of us are very old. But time is a flat circle. And to quote True Detective.

    BUCK: I was like, wow, did you just go True Detective on this show?

    CLAY: Yeah. I just went True Detective. But what happens is, our country is very young. Do you know what the average age of an American is today? I was looking at this the other day.

    BUCK: I don’t. No.

    CLAY: Thirty-eight years old.

    BUCK: I mean we are the average American. But close.

    CLAY: Yeah. I’m an old man at 43. Buck just turned 40. But we’re very close to the average age of an American. And one of the things you recognize, and I’m sure a lot of you out there are older than us and you’re saying, yes, speak to the choir here. One of the things you recognize is people forget and end up making the same mistakes that have been made before, because times change, and we forget what was done, that was successful. And it makes sense, Buck. Because if you look at a lot of of these people, are advocating for the policies that have led to massive spikes in crime, they grew up in an era, when crime was not a major threat in their lives.

    If you’re 60 or 70 years old, out there, listening to us right now. You remember the ’70s and the ’80s, when crime skyrocketed, all over this country. And you had to fight the battles, to ultimately win and drive crime back down in the ’90s and the 2000s. And, Buck, New York City is a perfect example of this. And you’re right at that age, where you’re old enough to remember. I’ll bet you do. When you’re walking down Times Square. And it’s mostly peepshows and your parents are kind of covering your eyes. And they don’t want to see you it. It’s not safe. You couldn’t go in Central Park late at night. You didn’t feel comfortable on the subway. And then you came through that renaissance, where suddenly the city became one of the safest in the world.

    BUCK: Clay, I grew up in a New York City, where if you went into Central Park at night and you were mugged, robbed, people were like, “What were you doing in Central Park at night?” That’s the most famous park and the most famous city in America, and probably the world, right? If you went in there after dark, oh, man, it’s almost like you were asking for it. Oh, going to the park at night. And then you would also have, just so there’s a sense of the psychology of the city. I knew so many people — any time I would be at an adult’s house, family member or whatever, everybody had like a nightstick, or you know, a big like butcher knife, kitchen knife, something, they kept near the bed, in case of a burglar. Now you can say, well, that’s just sort of helping their mindset. Or that makes them feel better. It’s not really — but, no, everybody did. There were guys who had a baseball bat that they would keep in a certain part of the house, ready to go in case somebody broke in. I mean, that was New York City in the late ’80s, early ’90s.

    CLAY: And then they fixed it, remarkably. All over the country, New York City was certainly sort of that shining city on a hill example. We did two things. We put more cops on the street. And we put criminals behind bars. And over years, as you do that, the number of criminals and certainly, you know well. And a lot of people out out there know, they let police do their jobs. They let them be aggressive in trying to protect people, all these things, right? And then crime got low enough, that Democrats were able to turn the crime conversation from, we’re trying to protect everybody to, it’s racist what’s going on in our country because the people being put behind bars are overwhelmingly minority. They also, by the way, are committing most crimes.
    And the answer should have been, if Republicans were smart, well, you don’t argue that it’s sexist. Because men are the ones committing crimes, right? You go wherever the criminals are, and put them in jail.

    Recent Stories

    Indiana Shooting Hero Treated Like Criminal by Media

    21 Jul 2022

    BUCK: That shooting that was stopped in progress, at the mall in Indiana by Elisjsha Dicken, twenty-two years old.  The reports were that he was 40 yards away with a pistol.  And put eight of ten rounds on target.  Hit the masked shooter, who would have been somebody that likely killed dozens of people in this mall.  Elisjsha Dicken pulled out his sidearm, or his firearm, I should say, and hit him with eight out of ten rounds.  The word hero is the first thing for any normal person that comes to mind, for Elisjsha Dicken.

    It’s just been fascinating to see how CNN, for example, writes about him.  And hats off, my friend Mike Cernovich on this one.  What we know about the armed bystander, who killed the shooter at an Indiana mall.  No, they don’t use the word hero.  There’s no sense of, oh, my gosh, what this guy did is amazing.  Keep in mind, folks, even if you’re the good guy in the situation, you know, you draw your pistol, you miss, and you might hit somebody.  And, you know, this is a tough situation.  You’re in a crowded place.  You’re in a mall.  You might hit somebody.  You have to deal with those consequences.  Even if you were to hit the shooter, you might hit somebody behind him.  That did not happen here.  You’re going up against somebody who has a rifle, Clay, at this range.  Guess what, the rifle will be a much more potent in close quarters combat, than the pistol would be.  He could have died, doing this heroic act.  Instead, he absolutely nailed it, and saved lives.  And CNN is like, “Yeah, I guess that’s a good thing.”

    CLAY:  “Armed bystander.”  Buck, he took the guy out in 15 seconds.

    BUCK:  Fifteen seconds!

    CLAY:  Fifteen seconds, from the start of the shooting. Yes.  That’s what I’m saying.  Yeah.  He — think about — just think about the last time you were in a mall food court.  I’m not sure that I could react in 15 seconds, to one of my kids knocking over the Chick-fil-A.  Right?  And reacting to clean it up.  This guy is just there with his girlfriend.  He’s 22 of years old.  So far, as I’ve seen, Buck.  He’s never been in the military.  It’s not like he’s had Special Ops training or anything.  He’s the definition of a good guy with a gun.  Within 15 seconds of that shooter, and I will say, Buck, it seems to me, that there’s becoming less attention paid to mass shooters.  I have barely seen anything about this mass shooter, in terms of his background.  In terms of his story.  Fifteen seconds, he hits him 8 out of 10 times and ends the situation, in a food court.  It’s a remarkable story here.

    BUCK:  My favorite of the worst of the sort of headlines from — to be fair, and we are always fair and honest here, Okay?  New York Times yesterday had “After the Indiana Mall Shooting, One Hero,” they used the H word, “But No Lasting Solution, “other than taking everyone’s guns away, of course.

    CLAY:  That was on the front page of the New York Times yesterday.

    BUCK:  Yes.  To be fair, that is the right way to approach at least the description of this individual.  He is a hero.  But I thought I thought, this was funny.  BBC, “Armed ‘Hero'” – in quotes — “Stopped Masked Shooter.  It’s like, I think you guys are safe, given the facts of the case, and the declaration, but you know, the hero in quotes, I think was a pretty funny one.

    CLAY:  Well, they used to, if you remember, not use the phrase liar, or a lie in traditional media coverage.  I’m not talking about a column.  I’m talking about a story.  And then during during the Trump era, they were like, the lies were so overwhelming, that we had to start saying, in our traditional news coverage.  And so I think they’re probably still trying to hew to that.  The hero is probably a quote from the mayor or what the mayor I think spoke.  And also the chief of police in that community.  And called him a hero almost immediately.

    BUCK:  But so, on the one hand, we have this story of heroism from this individual at a mass shooting.  Three people were killed in this shooting, but it would have been a much higher death toll, if he had not — if Elisjsha Dicken, had not stepped in.  So the — the biggest of high fives and praise for Elisjsha Dicken, on this one.

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    Econ Icon Art Laffer’s Master Class on Inflation and Recession

    21 Jul 2022

    BUCK: The economy is important to all of us, and certainly going to play a massive role in the upcoming election in just a few months now. We want to bring on somebody who is legendary in the space. Even does get a shout-out in the fantastic “Ferris Bueller’s Day Off” for his amazing curve. Art Laffer. The Laffer Curve. Former Reagan economic adviser is with us now. Art, great to talk with you, sir.

    LAFFER: Thank you very much. My pleasure. My pleasure.

    BUCK: Start with the big ones, and we’ll work down into some of the specifics here, Art. Are we in a recession? How bad is it going to get?

    LAFFER: Well, Citicorp today said that their expectation was a 50 percent chance of getting in a recession. And my comment on that was, we had the first quarter was down GDP, 1.6 percent. The second quarter is already over. And the estimates are it’s going to be down one and a half percent. Which means, we’re already in a recession. How long they say it’s a 50 percent chance, when it’s already happening? And we’ve been in one. Now, the only question is really, how long is it going to last, and how bad is it going to be?

    CLAY: Art, where would we be — first of all, thanks for coming on.

    LAFFER: My pleasure.

    CLAY: Second, where would we be, if the Democrats had been able to pass their Build Back Better, multi-trillion-dollar expenditures in terms of inflation, in your mind? We’re at 9.1 percent right now opinion do you think that inflation is going to get worse? How much worse do you think it might have been, if Biden had gotten his way, and had gotten Build Back Better past?

    LAFFER: Well, in the first place, I do think that it’s going to get worse. And I think it’s going to get a good deal worse.

    CLAY: How much worse? Because it’s pretty bad right now. You say it’s going to get worse.

    LAFFER: Not really. You know, the next three numbers. Let me do inflation with you for a second, first. Just to see it. Inflation is the percent change in the consumer pricings from a year ago. So it’s an annual change in the percentage change in the CPI, consumer price index. Now, every month, we get a new no one. Which means we drop off one month a year ago. And we add a new month on, now. The numbers we have been dropping off, over the last four months, have been very, very large numbers, which means that the new numbers have even been larger for that thing to increase. It’s really amazing. I would have little the inflation rate would have dropped. Now, the next three months, the numbers dropped off are really small, are very, very small. So even modest numbers on inflation are going to pop us up over 10% over the next three months. So coming into the election, I would expect inflation numbers to be above 10%.

    BUCK: Speaking to Art Laffer, former Reagan economic adviser. Art, I have a question, that I keep posing to people. And I hear all these different explanations. I really wanted to hear this from you, because one of the things the Biden White House talks about a lot. They’ll say the unemployment rate is so low. So things are good. You just don’t know it. Yeah. Gas is expensive, and so is your food and so is everything else, and inflation is a problem. But look at how good the unemployment rate is. That’s one part of this. But then even more specifically, I come across businesses, and have talked to business owners, who keep saying, it’s really hard to find people to take jobs. Restaurants. And stores. This seems to be happening in different parts of the country. Across the country though, what is going on there?

    LAFFER: Well, it’s very, very simple. The unemployment rate is very, very low. Yes, therefore very few people available to take jobs. There are lots of job openings for a number of people. But one of the things you have to add into that is that the employment rate is very, very low. The employment rate has dropped huge amounts to where it’s a little over 62 percent. All of this means is one thing. Lots and lots and lots of potential workers have left the labor force, and are no included in the employment rate and/or the unemployment rate. So what’s happening, is workers have just left the labor force because they were given enough money to not go back to their job that they didn’t like. So we have a huge reduction in total employment, a reduction in the number of unemployed, a nd also, a lot of new jobs.

    CLAY: You said 62%. What would be the standard number?

    LAFFER: Well, let’s say back to Clinton it was 68, 69%.

    BUCK: Got you.

    LAFFER: Now, that’s seven times, what? A million and a half, a million 6, 106 — 60 million, something like that. So you’re talking 11, 12 million people have left the labor force.

    BUCK: Wow.

    CLAY: Art.

    LAFFER: That’s a lot of people.

    CLAY: You have been talking about the impact that covid had and our response to it for a while. So I want to give you kind of a two-parter here. One, going back to the question, Build Back Better passes, you say you think we’ll be over 10 percent in the next two months running into the election. What do you think it would have been if Biden had gotten his economic agenda in place? And as you now have a couple of years of data to look bang over how we responded to covid, building off of that, how much of a disaster from a pure economic perspective, you were the policies that we embraced associated with covid?

    LAFFER: Well, let me just say, number one, if the Build Back Better had passed, depending on how they rolled it out, we would have a lot higher inflation rate, a lot higher debt-to-GDP ratio, and the economy would be in a lot worse shape than it is right now. That’s number one. There would be a lot less people working, either employment or unemployment. It would have been a major reduction in output and also a major increase in the rate of inflation. That’s what would have happened, if we had Build Back Better. And it would have been rolled out over a long period of time, so this would continue for several years from now. That’s true.

    Now, the covid thing. The one thing I liked on covid. As you probably know, I spent a lot of time with the president on covid. And he did one thing that was amazing, was the development of the vaccine. His his efforts to to get that vaccine were wonderful. He spared no expense. And we got a vaccine in less than a year. Which was just unheard of. That was the most amazing thing. Everything on covid should not have been done. It was a tragedy, covid. Everyone got hurt. But any of this, trying to alleviate the pain by redistributing income makes no sense whatsoever.

    BUCK: Art, I like to try to focus on the optimistic side of things if I can. It’s hard to be optimistic about where this economy seems to be going, especially given the people who are pulling the levers, whether it’s at the White House, Treasury, and the Fed. You said, we’re in a recession. Clay and I have been saying that for months, just because it’s pretty apparent to everyone paying attention, we’re already in a recession. But it could be six months. It could be three or four years. Right? For us to actually turn this thing around.

    LAFFER: Some of these last a long time. You know, the stock market, in February of ’66 was at 1,000. And inflation adjusted in August of 1982, it was at 235. So the value of the stock market, in real terms, fell by 76 and a half percent 16 and a half years. That’s a bear market. And, you know, those things are not impossible. And we have the worst government today, than we’ve ever had.

    BUCK: So what does it look like, though, if you’re looking for indicators for the folks out there, that not only are we having this inflation, and, you know, you explained why the jobs numbers aren’t really reflective of the health of the economy right now. What do you see on the front page of the Wall Street Journal, or, you know, popping up on CBS, and you go, oh, this is going to get ugly.

    LAFFER: Yeah. Well, let me tell you what I look at opinion and why I can be a little optimistic. I don’t like to be optimistic or pessimistic, Buck. I like to really be realistic. Tax rates are low. Thirty-seven percent. These guys were not able to roll back the Trump tax cuts. All of that, which means that the economy could really do a lot better than it would have done, let’s say during the ’70s, and ’60s late ’60s. So I’m much more optimistic because of tax rates. We never went babbling to the 70, 80, 90 percent tax rates. And that’s a big blessing.

    We have a huge debt overload, which makes it a lot worse than it was back then. So here we are, in a world, where we have a lot of conflicting things. But my view is, I think the economy is in rough shape, unless we win the elections in November. And then win them again in November of ’24. We really need to change policies, change direction, and change the incentive structure, dramatically.

    CLAY: Art, you’re way smarter obviously than either Buck or I, in analyzing the economic situation. And Buck and I have been talking off air and I’m curious if you could explain it to me in a way that our audience can understand and I can understand. Despite that our economy certainly appears to be in a very challenging time, the dollar has been skyrocketing in value against virtually every other global currency out there. Recently achieved parity with the euro, which hadn’t happened in roughly 20 years. What is going on, that we’re seeing a flight into the dollar, such that the dollar is increasing in value, against virtually every other currency around the world.

    LAFFER: Yeah. There’s three measures of the value of a dollar. You can measure it in terms of eggs. You can measure it in terms of shoes. You can measure it in terms of gold. You can measure it in terms of foreign exchange. Or you can measure it in terms of goods and services. The dollar is really strong in comparison to other currencies, the dollar has even improved relative to gold. But relative to goods and services, the dollar is in terrible shape. You know, being short myself, the way I like to say it, is the dollar is the tallest midget in the group. And, you know, all currencies worldwide are in really bad shape. And the dollar is just the least bad of those currencies.

    BUCK: If you could get the Biden administration — back to your realism tinged with optimism, perhaps. We’re speaking to Art Laffer, everybody, the legendary economist. Reagan’s adviser on the economy, advised Trump on the economy, during covid. Art, let’s just assume for a second, you know, we’re doing a talk show here. If you could sit down with Biden after the midterms, after the utter butt kicking that we hope and we believe is coming in the Congress for the Democrats. And Biden was willing to listen to you on a thing or two. Right? He’s not going to do everything, but on a thing or two. What would you say, please just do this, because you will see the benefits for the American people?

    LAFFER: Well, let me start off by saying, how do you reduce the price of apples? If you look at the marketplace in and how do we get apples prices to fall. Well, there are two ways you can get apple prices to fall. One, you can get people to demand less apples, and if there’s less demand for apples, the price of apples will fall, as we move downward on the supply curve. Are you with me?

    CLAY: Yes, sir.

    LAFFER: There’s another way to get the price of apples to fall is to have a bumper crop of apples, to have a huge increase in the supply of apples and then we move down along the demand curve and the price of apples falls. One way is to crush demand, the other way is to enhance supply.

    My view is , as opposed to Larry Summers, and other Keynesian economists is I like to see us reduce inflation by increasing the supply of goods and services, which would naturally help bring down the price of goods and services. That’s number one.

    Number two, the currency. You need to have a tight money policy. Inflation is basically too much money, chasing too few goods. As I said I’d like to increase the supply of goods to make more goods and also to reduce the supply of money or make the demand for money there, which means you have to stop trying to control interest rates. And let interest rates seek their own level in the marketplace. With inflation running at 9.1 percent, how in the heck, Clay — how in the heck is it possible, that we have a ten-year bond yield of around 3% percent? Would you buy a government bond at 3%? With your money?

    BUCK: No.

    CLAY: That’s one of the questions that we both have in general about the way that mortgage rates are going. That leaves me, Art — you’re awesome on all this stuff, by the way. Even people who are not Nobel Prize winning economists, can understand basically as you work through here. We’re at 9.1 persuasive inflation. You think we’re going over 10% by the midterms.

    LAFFER: Oh, you know, there’s nothing I see that will stop inflation any time soon.

    CLAY: That is my question. For everybody out there, dealing with the ravages of inflation. How long is it going to be until there is some normalcy in terms of inflation?

    LAFFER: Well, I have no idea. It depends on what the fed does. If the fed lets interest rates stay below the rate of inflation, it could last forever.

    CLAY: Yeah.

    LAFFER: If they keep printing more money. Now, when you look at it. M1, the money supply is the share of GDP, has increased fourfold in the last two, three years. Hello! You’ve got a huge increase in the amount of money and liquidity and there’s no controls there. And you’re contradicting the supply of goods and services. You know, it makes no sense whatsoever. If those policies are continued, you could just see that inflation going on and on and on.

    Now, I lived through the ’70s and the ’80s. And we had two sets of policies that brought it under control. Paul Volcker allowed interest B rates to radio rise. I think interest rates were at 15, 16, 17 percent when the inflation rates were in the low teens and that really made it tight money. Then we had the tax cuts, which increased the supply of goods and services under Reagan, and if you look at that inflation, it felt like a stone. It just came straight down. And that’s exactly what we have to do now.

    But, you know, there is no talent on the Federal Reserve board today. They’re picked for all sorts of characteristics, other than being competent in fed policy. And I don’t see them having the wherewithal or even the knowledge to be able to choose a good answer. They just don’t know. Of these are not prevails. This is not Paul Volcker. It’s not Alan Greenspan. It’s not Arthur Burns. It’s not McChesney Martin. These are people selected because of their gender or whatever it may be. And they’re realizing something very serious. And they don’t have the wherewithal to do it.

    BUCK: Art Laffer, everybody. Clay, I’m going to copy your notes after class today. Okay?

    CLAY: Yeah. I’m not kidding. This is amazing. First of all, thank you for the time.

    LAFFER: My pleasure.

    CLAY: I hope people enjoyed this as much as Buck and I did. Because it does feel like you get to sit with — it’s like you’re in economics class.

    BUCK: Feel like I have to go home right now and study, like do some homework.

    CLAY: Oh, he’s awesome.

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    Don’t Be Surprised If These Senate Races Are Very, Very Close

    21 Jul 2022

    MCENANY: You always ask yourself as a press secretary, do we have a messaging problem or a facts problem? Well, now you’ve got both. You have a president who is running the country into the ground, further and further. Deeper and deeper. And you have a press secretary, I’m sorry to say it, who just isn’t up to the job. I mean, she called Justice Clarence Thomas, Judge Thompson. Not only that, she’s always saying, I don’t have anything for you, on something like the baby formula crisis. So they’ve got both. I mean, you’ve got a messaging problem. You’ve got a facts problem. Nothing is redeeming about this administration. I believe John Kirby is going to take that lectern at some point, because it’s getting pretty bad.

    BUCK: That was former press secretary, Kayleigh McEnany, a friend of the show. Kayleigh and I got into media around the same time. I remember she was on my panel show at TheBlaze, back when Glenn started TheBlaze in 2012 or 2011. Kayleigh was then — obviously, rose up, became a superstar, White House press secretary. But she’s raising a good point here, which is, not only do you have a Biden administration that at the very top, the president himself is clearly — I mean, it is blanket over the knees, sippy cup, feed the ducks time for this guy. And that’s fine. We’re all hopefully going to be so lucky to live to that point in our lives. But it really is time for him to spend time with the grandkids, or the great-grandkids. Or, you know, help Hunter a little bit more. There’s some stuff he could be doing, other than running the country anymore.

    And you look around him, though. And we always say, who would you draft? There doesn’t even seem to be pockets of real competency play in the decision-making process, or of the decision makers around him. And of the public-facing individuals. I mean, Pete Buttigieg should basically be on the RNC payroll at this point, because he keeps saying, I don’t understand what the problem is. Why doesn’t everyone just buy an electric car? It’s like, listen McKinsey guy. You need to calm down with the everybody needs to buy what a Blue Book value now starts out at a 60,000-dollar car as the answer to their gas woes. Who is gaining ground for them, right now with the public, Clay? Which Democrat that is tied to this White House. Put aside whether we even think they’re competent, who is even doing a good job in the public message?

    CLAY: I think that that the Biden White House is so incompetent, that it’s going to destroy anyone’s ability. Because I do believe that Joe Biden is not going to run. And I think the overall specter, the aura of incompetence surrounding the Biden White House, is going to leave to Democrats ending up with a clean break.

    So I think it’s going to torpedo Kamala. I think it’s going to torpedo Mayor Pete. Anybody else who is in this administration right now. And that’s why I ultimately think Democrats are going to end up nominating Gavin Newsom. Now, Dick Morris. Remember Dick Morris? He wrote recently.

    BUCK: Everybody remembers Dick Morris.

    CLAY: The triangulating genius.

    BUCK: A lot of stuff with Dick Morris. We remember Dick Morris.

    CLAY: Yes. Of the Bill Clinton administration, says that he believes what’s going to end up happening is that Hillary is prepping herself. And that he believes, there’s going to be so many left-wing loons, that are going to rush in to try to film the Joe Biden void, that Hillary is going to be the savior of Democrats and be nominated in 2024.

    BUCK: I mean, if Hillary emerges even a little bit, you know Donald Trump knows he can beat Hillary. That’s done. And I’m not saying he couldn’t even beat Biden. But I don’t think there’s no way he wouldn’t want to get involved in that matchup. So that makes for some interesting possibilities here.

    But, Clay, still, here’s a little bit of a disconnect that I see — the individual candidates all matter. But right now, Fetterman versus Oz in Pennsylvania, critical Senate race. Fetterman is ahead, even though the guy is like, “Fracking is a stain in our state,” which is just an ignorant, stupid thing to say, that the left all loves to hear. But Fetterman is ahead. Warnock is ahead. Herschel Walker right now, we’re really pushing Herschel here, but Warnock is ahead in all the polls I’ve seen. Laxalt is looking pretty good in Nevada. And, you know, we haven’t seen that many head-to-head polls, because we still have to have that Republican primary, where right now we have three Republican contenders for that Senate seat in Arizona. But I’m just saying, there’s still a lot of work to be done. People are willing to come out — even some independents obviously. I mean, you’re going to see white working class voters and Latino voters and some African-American voters who were maybe were on the fence, who are still going to vote based on the candidate in some of these Senate races. It’s not inconceivable that — look, the House is looking good. That’s why we’re throwing a party, right? We’re having fun. Because at least the House will be out of Democrat hands. The Senate will be a close contest, guys, even with this incredibly, incredibly incompetent Democrat White House.

    CLAY: You’re right. And the challenge for Republicans is going to be nationalize the overall decision making of 2022, such that there are coattails, so you’re able to pull some of these guys across the finish lines, in what is likely to be very competitive races.

    Dr. Oz, as you mentioned in Pennsylvania, that was a bruising Republican primary. So far, everybody has not gotten aligned behind him. Fetterman is running, effectively, a Joe Biden 2020 campaign, where he’s got health-related concerns. And has not been out on the trail, hardly at all. And then you have Herschel Walker against Warnock. I tend to think Herschel is getting his message refined. And football season, I think is going to help him, with a lot of Georgia bulldog fans. And I believe Brian Kemp is going to beat Stacey Abrams pretty soundly.

    BUCK: The people of Santa Monica are going to be very upset about that, Clay.

    CLAY: Yeah. People of Santa Monica are going to be upset about that. Yeah, people in Santa Monica being raised for Stacy Abrams’ governor’s campaign. And then we got, look, like you said, Nevada, Arizona.

    There are a lot of places out there, where it’s going to be a fine line. Where, look, we’re number one in Phoenix. We’re number one in a lot of demos in Las Vegas. A lot of you listening out there, in many of these states. In Georgia, all over Pennsylvania, we’re talking about 1,000 votes, potentially deciding who wins Senate votes, Senate races. It will be tight.

    BUCK: Oh, yeah. You’re going to see some critical Senate races. This is why, on the one hand, we’re sitting here saying, what’s obvious, and what is true and even Democrats are admitting now, which is that this White House is a mess. But that doesn’t mean that things are just going to all lock into place here. Fetterman is a surprisingly tough candidate in Pennsylvania. You have a sitting senator with Raphael Warnock is in Georgia. He’s got a lot of support nationally. He’s got a lot of support even in the state of Georgia obviously. So we got to stay focused, everybody. We got to look at the issues are in these individual states, who these candidates are. And it’s — you’re going to have Senate races that come down to 10,000 votes. And to your point, Clay, one of those races is going to be just a razor’s edge margin.

    CLAY: 1,000 votes one way or another.

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