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Maybe give me inside between 
black and white take my life 

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too, seriously. 
This is Rumble with Michael 

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Moore and I'm Michael Moore. 
We have an excellent guest 

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returning to rumble here. 
Today the great Economist 

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Stephanie Kelton is going to 
help explain, what's happening 

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with the economy, what we should
be thinking about when we hear 

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them talking about inflation. 
And what Democrats in Congress 

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need to be doing right now to 
help the economy and help the 

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American people. 
But before we bring Stephanie 

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out here, I have a special 
Thanksgiving episode request for

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all of you this year, I'm going 
to put my Thanksgiving episode 

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together, a couple days before 
Thanksgiving. 

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Usually every year on that day, 
I go live. 

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Usually I step out away from the
dinner. 

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So nobody can hear me. 
And quietly, I speak to all of 

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you checking and seeing how it's
going with your conservative 

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brother-in-law, your q and on 
aunt, whatever actually it's 

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just gotten worse. 
I know each year. 

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So this year, I thought, what I 
would do instead of, you know, 

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interrupting your dinner in my 
dinner, to commiserate, with our

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situation that I am going to 
give out some advice, some 

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coping techniques to all of you 
and Some good talking points to 

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to those of the table that just 
seemed to be a lost cause. 

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So here's what I want you to do.
I want you to participate in 

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next week's episode with me, but
I want you to do it now. 

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We're over the weekend. 
I want you to send me what 

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questions or concerns that you 
have before, entering your 

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Thanksgiving dinner, debate with
Uncle Ned. 

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Or Grandpa herb. 
All right, I'm not going to wait

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till that day to help you out. 
I'm gonna help you out 

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beforehand. 
So what questions do you think I

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could help you with what do you 
need an answer to that? 

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Can make your Thanksgiving 
dinner more pleasant this year. 

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Okay. 
You know what I'm talking about.

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I have a ton of built-up advice 
because most of us didn't get to

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have Thanksgiving last year. 
So I've got two years of 

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thoughts about this. 
About how to deal with the 

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unruly conservatives at the 
table. 

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So all you have to do is email 
me at Mike. 

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Am I ke Mike at Michael 
more.com, Mike at Michael 

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more.com or send me a voice 
mail. 

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There's a link right here on the
description page of this 

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episode. 
You do is click on and it sends 

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you to my voicemail and you get 
one minute. 

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I have to limit it to a minute 
because you know people call us 

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all to get one minute to Leave 
your voicemail and ask me, what 

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is it that you need help with 
and Thanksgiving dinner. 

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How can I help you just think of
me as like the I'll be like the 

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invisible dinner, guest. 
I'll be sitting right next to 

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you helping you deal with the 
convergence in the Neanderthals,

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who have decided to eat turkey 
with you. 

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And and for those of you who 
have been so generous and 

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letting them in the house when 
you know, they shouldn't be 

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there. 
All I can say is God bless you 

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or good luck with that. 
Also, I want to give a Big, 

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thank you to all of you who keep
continuing to check out the new 

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more store with our Rumble. 
A t-shirts and coffee mugs and 

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ball caps and and other various 
items. 

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That would make a nice holiday 
gifts here. 

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So go to the more store that 
store dot Michael more.com. 

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A portion of all the proceeds go
to help the various causes and 

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movements that we support here 
on this podcast and some of it 

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also goes Goes to help the 
efforts to bring back the Arts 

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and Civics into our Public 
Schools. 

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So, stored on Michael more.com, 
ball caps, coffee, mugs, 

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t-shirts, stickers, hoodies, 
it's all there and and thank you

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to all of you who have already 
got your Christmas gifts there 

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for people, that's very cool. 
I also want to thank all of you 

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who have written to me, 
suggesting new items for the 

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more store. 
I love this. 

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We're going to do. 
Some of this if you have any 

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ideas just email me at my cat 
Michael more.com and we'll see 

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what we can get up in the more 
story here after the holidays 

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and a quick reminder to all of 
you that you can go to Michael 

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more.com right now and sign up 
for my free email list, you 

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00:05:17,100 --> 00:05:19,500
should be on this list. 
You're listening to my podcast, 

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you'll get all these Rumble 
podcast emailed to you. 

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You'll get everything that I 
write all my columns and letters

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and things like that. 
It's all for free. 

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You Get news and updates and 
things that we're all working on

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things that we're trying to make
better in this country. 

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So just go to Michael more.com 
and sign up. 

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It's free, it's a free sign up. 
Box will pop up. 

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It'll ask you, if you want to be
a member, which you can do for, 

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you know, five bucks a month or 
whatever. 

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But you don't have to be a 
member, you just, you're going 

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to. 
I'm I don't put, I don't put my 

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columns and I'll put these 
podcasts behind any kind of pay 

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wall. 
So just sign up and I'll really 

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that'll be a nice Christmas 
gift. 

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Me just to see all of you on my 
master list so that I can easily

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send you this podcast and 
easily, send you my letter each 

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week and before we bring 
Stephanie on, can I just also 

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thank our Underwriters to have 
time to do this? 

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Okay. 
Oh great, great. 

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Okay, so we have two 
Underwriters for today's 

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episode. 
The first one is true bill. 

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True bill.com thank you for 
supporting this podcast and 

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helping us all save a little 
money. 

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Which is what the purpose of 
true bill is. 

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This is how It works. 
It's an app that helps you 

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identify and stop paying for 
subscriptions that you don't 

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need. 
You don't want you forgot about 

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them, you don't use them. 
True, bill keeps track of this 

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and make sure that, you know, 
about it. 

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And you can stop paying these 
unnecessary monthly, a fees, 

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true bills app allows you to see
all of your subscriptions in one

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place and you get to keep the 
ones that you want and cancel, 

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the ones you don't want and it 
works. 

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True bill has over 2 million 
users in trouble, has helped 

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save them over a hundred million
dollars. 

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That's what we always sign up 
for all this stuff, you know. 

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And then you forget, I haven't 
read this magazine in like three

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years and I'm still paying for, 
I didn't know it. 

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I got a note here from Jennifer 
be and she's writing this true 

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bill with your help. 
Our family has saved five 

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hundred and eighty seven dollars
a year on unnecessary 

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subscriptions. 
She writes I really didn't 

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understand how true bill could 
help me. 

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Until we decided, you know it's 
time to start saving for like a 

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new place to live and then all 
of a sudden what 580 70 dollars.

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A year is going out to this and 
this is crazy. 

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So start canceling your unused 
and unneeded subscriptions at 

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true bill.com /. 
Rumble, go right now. 

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True bill.com Rumble. 
Are you mble? 

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It could save, you thousands of 
dollars a year that's true. 

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Bill T Ru e. 
Bi Iíll.com Rumble. 

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I also want to thank a company 
called human human each. 

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Um a n and then another n 
capital n and they make these 

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things things that I have every 
day. 

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They're called super beats. 
Heart choose. 

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Okay. 
I know that's a lot to process 

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their super beats. 
Yes, there is beet juice. 

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That's put in this and I know 
you think I'm Michael Michael 

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Moore. 
Beet juice? 

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Really? 
Yes, yes. 

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I had a friend, make me a 
birthday, a cake. 

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I don't know, maybe four or five
years ago and she didn't say 

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what was in it, just eat. 
This is always a dangerous 

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operation here. 
But I ate it hits. 

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It just tasted like the greatest
chocolate cake and she said, I 

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used beet juice, that's because 
usually you're tasting. 

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I want what, super beats heart 
choose. 

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It's a great way to start today 
by popping a couple of these in 

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your mouth. 
Or you can do it in the middle 

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of the afternoon and could pick 
me up. 

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Who doesn't want a replacement 
for the afternoon coffee or that

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crazy energy drink, it's filled 
with grape seed extract, which 

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is strongly endorsed. 
By both my vegan sister and my 

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vegetarian sister these Super 
Beat hard, choose are twice as 

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effective at supporting, normal 
blood pressure and just your 

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general healthy lifestyle. 
So, I use them because I like 

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the taste and I don't need the 
afternoon coffee so you can get 

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a free thirty day supply. 
With your first purchase at 

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Super beats.com, let me spell it
out for a super, as you pe are 

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all one word super beats be ETS,
super beats .com/srobiyt lp3 

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shipping and returns and a 90 
day money, back guarantee at 

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Super b.com / Rumble. 
And now, let's bring out our 

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guest here in Rumble today. 
Stephanie Kelton So let's just 

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get right to it. 
Whenever we have a Democratic 

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president or Democratic Congress
in power and they are discussing

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plans to actually help the 
American people with Health 

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Care. 
Child Care, Elder, Care, 

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education. 
We the public get bombarded with

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a corporate propaganda campaign.
Warning us that we can't afford 

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to do it, we just can't afford 
to do it. 

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And there are two big talking 
points that Corporate America, 

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the politicians that they fund 
and the media that they own, 

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they that they are there to Big 
talking points that they rally 

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around to warn us that we can't 
have the government invest in 

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these popular things that the 
majority of the American people 

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want. 
And what What are their two big 

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talking points deficit? 
And what's the other talking 

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point? 
Lund the deficit or inflation. 

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They pound away at this and 
right now Panic about inflation 

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is their biggest angle. 
Here's the thing, there's often 

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a kernel of Truth to these lies.
Actually, the lies that work. 

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The best are the ones that have 
a kernel of Truth in them. 

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If I tell you that there's a 
martian out on my porch right 

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now, watching me do this 
podcast, that's a lie and you 

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know it's a lie and I can't sell
it because There was no kernel 

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of truth to it, but this is how 
they're getting away with this. 

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Now thinking that they've got us
all believing that inflation is 

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going to be the end of us. 
Yes, prices are higher right 

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now. 
That's the kernel of Truth 

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prices are higher right now. 
For a lot of the goods we need 

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and by and yes there are reports
out that say that prices have 

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risen 6.2 percent from last 
October compared to this October

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but Like a well-oiled machine, 
the corporate class has now 

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00:12:04,800 --> 00:12:10,300
unified to take this inflation 
panic and use it to weaken, 

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00:12:10,300 --> 00:12:13,800
President Biden and to try to 
prevent him from passing his 

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signature. 
Build back better. 

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00:12:16,100 --> 00:12:18,200
Human infrastructure. 
Legislation. 

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00:12:18,400 --> 00:12:22,300
That's the bill with all the 
good stuff in it to help vast 

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sums of American people. 
So, to help us untangle these 

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lies, these half-truths, we are 
joined today by By one of our 

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favorite economist's Stephanie 
Kelton, she is a, professor of 

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economics and public policy at 
Stony Brook University. 

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And she was the chief Economist 
for the u.s. 

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Senate budget Committee in 2015 
and the senior economic advisor 

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00:12:46,800 --> 00:12:52,000
to Bernie Sanders 2016 and 2020 
presidential campaigns. 

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She's the author of the deficit,
myth modern monetary Theory and 

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the birth of the people's 
economy. 

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00:13:00,600 --> 00:13:02,800
That came out just last year in 
2027. 

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00:13:04,300 --> 00:13:07,800
He also has a newsletter on sub 
stack as do I it's called the 

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00:13:07,800 --> 00:13:12,700
lens with Stephanie Kelton and 
you can read it by typing in 

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00:13:13,000 --> 00:13:17,300
Stephanie just all you it's 
about Stephanie Kelton ke L tion

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00:13:17,500 --> 00:13:21,000
Stephanie. 
Kelton dotsub stack.com, 

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00:13:21,200 --> 00:13:25,200
Stephanie, welcome back to 
rumble, thank you so much. 

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It's awesome to be back with 
you. 

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I want to Dive Right into this 
inflation thing so they say 

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00:13:30,000 --> 00:13:32,600
things over. 
As in 6.2 percent since last 

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00:13:32,600 --> 00:13:34,500
October, my first thought is, I 
hope so. 

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Because last October, it was, 
it's zero. 

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00:13:37,000 --> 00:13:41,100
I mean, there is the economy was
essentially wrecked and, you 

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00:13:41,100 --> 00:13:43,700
know, it, none of us knew where 
things were going to go. 

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00:13:43,900 --> 00:13:49,600
So, can you tell me in my 
listeners about how inflation 

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00:13:49,600 --> 00:13:52,800
really works? 
And remember, we are civilians 

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00:13:53,200 --> 00:13:56,800
and most of us did not do well 
in math or the Sciences. 

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So how does it work? 
Just the Explanation. 

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00:14:01,700 --> 00:14:04,600
And what are the things that 
really impact it? 

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00:14:05,200 --> 00:14:08,900
Okay, so probably a lot of 
people who are listening to this

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are thinking, maybe they've 
heard that inflation happens 

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when you have too much money, 
chasing too few goods that's 

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00:14:15,500 --> 00:14:17,900
sort of a, right? 
Everybody's heard that before. 

226
00:14:18,400 --> 00:14:23,200
So if, if you start there and 
you say, okay, well then, how do

227
00:14:23,200 --> 00:14:26,400
I think about the inflation that
we're experiencing today is much

228
00:14:26,400 --> 00:14:29,400
higher than it normally? 
Is, is it the case? 

229
00:14:29,400 --> 00:14:33,000
That what Is that somebody made 
too much money happen? 

230
00:14:33,000 --> 00:14:36,100
Or is it the case that we're 
dealing with a too few goods 

231
00:14:36,108 --> 00:14:39,300
problem? 
Now, lots of Republicans and a 

232
00:14:39,300 --> 00:14:44,500
few Democrats, Joe manchin comes
to mind are, you know, sort of 

233
00:14:44,500 --> 00:14:48,000
out there suggesting that the 
government's overdid, it 

234
00:14:48,000 --> 00:14:52,600
basically, all of the, all of 
the fiscal support the checks 

235
00:14:52,600 --> 00:14:56,300
that went out, the unemployment 
insurance, top up from the 

236
00:14:56,300 --> 00:15:00,100
federal government that Congress
just put too much money into. 

237
00:15:00,600 --> 00:15:05,400
You people's hands and that this
is the price of all of that, you

238
00:15:05,400 --> 00:15:07,200
know, fiscal. 
Support people have too much 

239
00:15:07,200 --> 00:15:10,100
money and they're running around
trying to spend it into the 

240
00:15:10,108 --> 00:15:12,000
economy and that's driving up 
inflation. 

241
00:15:12,300 --> 00:15:16,200
Now, the other way to look at it
is to say, well, let's see, 

242
00:15:16,300 --> 00:15:19,400
we're in a pandemic. 
We've been in a pandemic for the

243
00:15:19,400 --> 00:15:24,700
better part of, you know, 18 
months plus and people shifted. 

244
00:15:24,700 --> 00:15:27,900
The way they spend money, we 
weren't able to go out in the 

245
00:15:27,908 --> 00:15:31,400
early part of the pandemic. 
You couldn't go To a coffee shop

246
00:15:31,400 --> 00:15:34,400
or a restaurant or a hotel. 
You couldn't go to the gym. 

247
00:15:34,400 --> 00:15:36,500
You couldn't go to the salon and
so forth. 

248
00:15:36,500 --> 00:15:41,900
So we spent a whole lot less of 
our money on services and we 

249
00:15:41,900 --> 00:15:44,200
shifted to buying goods. 
We were home. 

250
00:15:44,200 --> 00:15:47,100
Many of us. 
If we were fortunate working 

251
00:15:47,100 --> 00:15:50,800
from home, maybe we upgraded our
computers are home offices. 

252
00:15:50,800 --> 00:15:54,300
We bought new furniture, some of
us remodeled homes and 

253
00:15:54,300 --> 00:15:57,300
appliances, we bought computers 
and tablets for kids. 

254
00:15:57,300 --> 00:16:02,000
So we bought Goods will Goods 
have to Be produced somewhere, 

255
00:16:02,000 --> 00:16:05,500
they have to be manufactured and
we have a global economy and a 

256
00:16:05,508 --> 00:16:09,600
global supply chain and goods 
have to be brought to Market. 

257
00:16:09,600 --> 00:16:12,200
Well where do they come from? 
Well, they come from all parts 

258
00:16:12,200 --> 00:16:16,100
of the world and so you know 
what we're experiencing now is 

259
00:16:16,100 --> 00:16:19,700
so overwhelmingly. 
Due to pandemic. 

260
00:16:19,700 --> 00:16:24,600
Induced spike in Goods 
consumption relative to services

261
00:16:24,800 --> 00:16:27,800
and then all of these supply 
chain bottlenecks, everybody has

262
00:16:27,800 --> 00:16:31,100
seen the TV, you've heard the 
stories, you know, The ports are

263
00:16:31,100 --> 00:16:34,300
backed up, ships are floating 
out there in the ocean, waiting 

264
00:16:34,300 --> 00:16:38,900
to unload. 
So the stuff is there, it's just

265
00:16:38,900 --> 00:16:41,900
we're having some trouble, 
getting it off. 

266
00:16:41,900 --> 00:16:46,500
The ships, getting the 
containers unloaded onto trucks 

267
00:16:46,500 --> 00:16:50,000
driven to the warehouses, in to 
the end consumer, and Michael 

268
00:16:50,000 --> 00:16:53,100
were working through this stuff.
We're seeing the supply chain 

269
00:16:53,700 --> 00:16:57,100
begin where, you know, the, The 
Kinks if you think of a chain, 

270
00:16:57,100 --> 00:16:59,200
right? 
It's got many links, if any one 

271
00:16:59,200 --> 00:17:02,900
of those links break, Then you 
can't get from the beginning of 

272
00:17:02,900 --> 00:17:05,099
the chain to the end. 
You need the whole thing to 

273
00:17:05,599 --> 00:17:09,700
stand strong. 
And we've had breakages because 

274
00:17:09,900 --> 00:17:15,500
you get a an outbreak of covid 
and you know a factory gets hit 

275
00:17:15,500 --> 00:17:20,599
in Taiwan or Malaysia or China. 
You shut down a third. 

276
00:17:20,599 --> 00:17:23,800
Largest port or partially shut 
down the third largest port in 

277
00:17:23,800 --> 00:17:28,000
the world and so it has 
disrupted the flow and when 

278
00:17:28,000 --> 00:17:32,300
those links start breaking we 
see Rising prices and so that's 

279
00:17:32,300 --> 00:17:34,900
what we've been dealing with but
we're working through it. 

280
00:17:35,900 --> 00:17:39,100
So yes. 
So I think to a lot of people, 

281
00:17:39,100 --> 00:17:41,900
this makes sense, obviously, the
supply chain piece of this 

282
00:17:42,600 --> 00:17:46,700
trying to put that on on Joe 
Biden that there are all those 

283
00:17:46,900 --> 00:17:52,200
ships docked out at Sea of Long 
Beach and I don't know where 

284
00:17:52,200 --> 00:17:58,200
we're outside by Oakland maybe. 
But what on Earth could he have 

285
00:17:58,200 --> 00:18:04,400
done differently to to prevent 
the so-called supply chain 

286
00:18:04,800 --> 00:18:08,200
problem that we're having? 
Well, look, he walked in the 

287
00:18:08,200 --> 00:18:12,800
door at a moment when a lot of 
this was already baked in, 

288
00:18:12,800 --> 00:18:14,300
right? 
We made decisions. 

289
00:18:14,300 --> 00:18:18,900
And I say we, I mean, you know, 
producers CEOs, corporate 

290
00:18:19,500 --> 00:18:22,900
interests have decided over a 
long period of time. 

291
00:18:23,200 --> 00:18:26,100
That the way that they want to 
produce and manufacture things 

292
00:18:26,100 --> 00:18:29,900
is, in this sort of just-in-time
model, right? 

293
00:18:29,900 --> 00:18:33,800
Where you go in search of the 
lowest cost producer, where can 

294
00:18:33,800 --> 00:18:38,200
I make this small piece? 
Of this thing that I use and I 

295
00:18:38,200 --> 00:18:40,900
assemble it together with a 
gazillion other pieces and it 

296
00:18:40,900 --> 00:18:43,600
becomes the final product, which
part of the world? 

297
00:18:43,600 --> 00:18:47,000
Can I manufacture that in that 
has, you know, the lowest 

298
00:18:47,000 --> 00:18:51,400
environmental standards, labor, 
standards, and I get cheap wages

299
00:18:51,400 --> 00:18:53,500
and all the rest of it. 
I go there. 

300
00:18:53,500 --> 00:18:56,300
I produce that part that piece, 
and then I have to move it 

301
00:18:56,300 --> 00:18:59,000
around to get the next piece 
snapped on and so forth. 

302
00:18:59,000 --> 00:19:03,400
So, this is the system that we 
had in place and this would have

303
00:19:03,400 --> 00:19:07,000
happened if Donald Trump had 
been reelected The boats would 

304
00:19:07,000 --> 00:19:10,000
be floating in the ocean, none 
of that would change. 

305
00:19:10,000 --> 00:19:13,100
Now, there are things I think 
people are talking now about, 

306
00:19:13,300 --> 00:19:16,900
you know, given where we are, 
are there things that the White 

307
00:19:16,900 --> 00:19:21,300
House could do to start to 
alleviate some of the short-term

308
00:19:21,300 --> 00:19:23,500
pressures? 
And I think, you know, people 

309
00:19:23,500 --> 00:19:26,700
have pointed to things. 
Like, you know, if people are 

310
00:19:26,700 --> 00:19:30,200
paying more at the pump, for 
example will help them pay less 

311
00:19:30,200 --> 00:19:32,900
for other things. 
Negotiate prescription drug 

312
00:19:32,900 --> 00:19:35,800
costs, bring those down, maybe 
that can be done through. 

313
00:19:36,100 --> 00:19:39,900
Executive action and maybe there
are some other things that that 

314
00:19:39,900 --> 00:19:43,200
President Biden could do. 
But dealing with, you know, the 

315
00:19:43,200 --> 00:19:45,900
backlog at the ports. 
He's trying, he's trying to do 

316
00:19:45,900 --> 00:19:52,200
things like, you know, require 
that people run 24/7 operations 

317
00:19:52,200 --> 00:19:56,200
at the ports and try to ease 
that backlog, but it's a big 

318
00:19:56,200 --> 00:20:01,300
challenge. 
Let me give you my supply chain 

319
00:20:01,300 --> 00:20:04,800
anecdotal stories two quick 
ones. 

320
00:20:06,100 --> 00:20:10,900
One is we just started up a 
merch store here with my sub 

321
00:20:10,900 --> 00:20:14,200
stack and podcast sites called 
The More store, and it's got the

322
00:20:14,200 --> 00:20:17,300
basic, you know, stuff like 
Michael Moore, ball caps in the 

323
00:20:17,700 --> 00:20:19,600
t-shirts and the coffee mug, and
all that. 

324
00:20:20,100 --> 00:20:23,300
And and I said to the people 
that we're talking about this 

325
00:20:23,300 --> 00:20:26,400
last month about, we're gonna 
have trouble here, man. 

326
00:20:26,400 --> 00:20:27,700
People going to buy this stuff 
for Christmas. 

327
00:20:27,900 --> 00:20:31,100
Sorry isn't even going to get 
here and he said, well, first of

328
00:20:31,100 --> 00:20:35,100
all, we're not going to have a 
supply chain problem because 

329
00:20:35,800 --> 00:20:38,700
everything that you're going to 
have in your store is either, 

330
00:20:39,600 --> 00:20:43,400
Union made American-made Union 
printed, it's all here 

331
00:20:43,400 --> 00:20:45,400
essentially. 
I mean, there's a probably a few

332
00:20:45,400 --> 00:20:48,900
pieces of that the come from 
someplace else, but basic my 

333
00:20:48,900 --> 00:20:52,700
goal is to set up a merch store 
that where the majority of the 

334
00:20:52,700 --> 00:20:56,800
stuff, not all of it, is either 
comes from, or made here or 

335
00:20:56,800 --> 00:20:59,600
printed here, or Whatever. 
So, so he said, so you're in 

336
00:21:00,300 --> 00:21:04,800
good shape because you're not 
depending on on, you know, 

337
00:21:05,500 --> 00:21:09,000
except but but but the other 
thing is, is that they're 

338
00:21:09,000 --> 00:21:11,200
blowing this to such a huge 
extent. 

339
00:21:12,100 --> 00:21:15,400
And its people don't really know
the whole. 

340
00:21:15,500 --> 00:21:19,800
You can't just, you can't 
explain the supply chain in 30 

341
00:21:19,800 --> 00:21:24,200
seconds, but he says, I as a 
distributor, as a person who 

342
00:21:24,200 --> 00:21:27,600
helps, you know, people like you
and others. 

343
00:21:28,100 --> 00:21:31,600
With herself. 
I'm not having any problems. 

344
00:21:31,600 --> 00:21:34,200
Number one, I said, wow, that's 
the opposite of what I heard my 

345
00:21:34,200 --> 00:21:38,800
second story is I'm finally. 
After 20 months, I have to 

346
00:21:38,800 --> 00:21:42,300
non-profit Art House theaters in
Michigan and I'm opening them 

347
00:21:43,000 --> 00:21:47,400
tomorrow Friday, the 19th year 
and they've been, we had to be 

348
00:21:47,800 --> 00:21:50,500
closed during the pandemic. 
And, you know, it's not, not 

349
00:21:50,500 --> 00:21:54,200
been a safe place to be inside 
with no windows, no fresh air. 

350
00:21:54,400 --> 00:21:57,600
So, I recalled. 
The HVAC system. 

351
00:21:57,700 --> 00:22:02,500
So there's constantly fresh air 
coming in and and I put in these

352
00:22:02,500 --> 00:22:06,100
Hospital sighs filters, that 
theaters don't have. 

353
00:22:06,100 --> 00:22:07,500
I did all these things. 
Right. 

354
00:22:07,900 --> 00:22:10,100
But, but then I was told, well 
they are going to have one 

355
00:22:10,100 --> 00:22:12,800
problem staff, are you to staff 
it? 

356
00:22:13,000 --> 00:22:18,000
Nobody wants to work. 
Nobody wants to work non-stop, a

357
00:22:18,000 --> 00:22:22,300
mantra of nobody wants to work, 
so I don't think that's true. 

358
00:22:22,300 --> 00:22:26,400
I think, I think if I pay them 
well, and I think of, I think, 

359
00:22:26,400 --> 00:22:28,700
maybe people like the Work 
around the movies. 

360
00:22:29,100 --> 00:22:30,400
Might be fun. 
I don't know. 

361
00:22:31,800 --> 00:22:34,200
But what are you gonna pay them?
I said, I don't know. 

362
00:22:35,600 --> 00:22:37,700
Eighteen to twenty three dollars
an hour. 

363
00:22:38,600 --> 00:22:41,300
You mean to be an usher. 
Yeah, ticket-taker. 

364
00:22:41,300 --> 00:22:44,000
Yeah. 
I also have have covid security 

365
00:22:44,000 --> 00:22:46,900
Personnel because we check the, 
you have to be vaccinated to 

366
00:22:46,900 --> 00:22:48,200
come in. 
So it's, you know, you gotta 

367
00:22:48,200 --> 00:22:50,600
gotta go through a bit of a 
thing here. 

368
00:22:50,900 --> 00:22:56,700
And so I put it on, indeed, the 
post to post the job and indeed 

369
00:22:56,700 --> 00:23:01,200
the covid 30 people, 22, 22, 22,
15 hour. 

370
00:23:03,200 --> 00:23:08,600
And within one hour, we had 30 
to 40 applicants in one hour. 

371
00:23:09,700 --> 00:23:12,300
And by five o'clock the next 
day, we'd whittled it down to 

372
00:23:12,300 --> 00:23:15,400
12. 
And then we hired the the top 

373
00:23:15,400 --> 00:23:19,000
four that will be, you know, 
doing some what of an I don't 

374
00:23:19,000 --> 00:23:21,000
want say a risky job but it's a 
you know they're going to deal 

375
00:23:21,000 --> 00:23:24,200
with belligerence, you know, 
from people because they don't 

376
00:23:24,200 --> 00:23:28,400
want to get backs vaccinated. 
But I just you know, I just I 

377
00:23:28,400 --> 00:23:32,200
just told, told everybody this 
story, this nobody wants to 

378
00:23:32,200 --> 00:23:36,400
work. 
And, within 24 hours, I had all 

379
00:23:36,400 --> 00:23:39,300
the people I needed for that 
particular job. 

380
00:23:39,600 --> 00:23:41,100
So Stephanie, what's going on 
here? 

381
00:23:41,100 --> 00:23:43,300
Because I'm getting, I just gave
you my two examples. 

382
00:23:43,300 --> 00:23:48,700
I could be an outlier here, but 
I'm really tired of listening to

383
00:23:48,700 --> 00:23:53,200
what my own personal experience 
is not and I say to the people 

384
00:23:53,200 --> 00:23:54,600
in the town where I live in 
Michigan. 

385
00:23:54,900 --> 00:23:57,800
Yeah maybe the reason why you're
having trouble finding people, 

386
00:23:58,100 --> 00:24:01,100
Is that you're paying them, nine
dollars and thirty cents an hour

387
00:24:01,300 --> 00:24:03,000
which is the Michigan minimum 
wage. 

388
00:24:03,600 --> 00:24:06,100
You know, maybe you should just 
offer them a little bit more. 

389
00:24:06,200 --> 00:24:08,200
I can't believe you were 
offering people $22. 

390
00:24:08,600 --> 00:24:12,500
Well, that's what it takes. 
Now, thank God that people can 

391
00:24:12,500 --> 00:24:14,800
make, you know, in Michigan, if 
you if you do. 

392
00:24:14,800 --> 00:24:18,900
If we had the Bernie minimum 
wage, the living wage, $15 an 

393
00:24:18,900 --> 00:24:21,400
hour. 
Oh my God, it would raise so 

394
00:24:21,400 --> 00:24:24,100
many people up in the state of 
Michigan with that. 

395
00:24:24,600 --> 00:24:27,900
You know I'm paying double to 
Triple that and yes. 

396
00:24:28,100 --> 00:24:31,700
I have no problem getting 
people, but I'm not out to make 

397
00:24:31,700 --> 00:24:33,300
a profit. 
So I guess that's the big 

398
00:24:33,300 --> 00:24:34,800
difference, right? 
I don't know what is the 

399
00:24:34,800 --> 00:24:37,900
difference? 
Yeah, I mean, this is kind of a 

400
00:24:37,900 --> 00:24:41,100
circle laughing now, I'm 
laughing because it's, this is 

401
00:24:41,100 --> 00:24:46,000
not hard if you want to hire 
workers, there is a wage. 

402
00:24:46,000 --> 00:24:48,200
There's some people have a 
reservation wage. 

403
00:24:48,200 --> 00:24:51,000
They will not come to work in 
the middle of a pandemic. 

404
00:24:51,000 --> 00:24:54,900
Where, as you said, they can 
anticipate a certain amount of 

405
00:24:54,900 --> 00:24:57,600
abuse, you know, some segments 
of the population. 

406
00:24:58,300 --> 00:25:03,300
Is and can be hostile to workers
when they're asked to conform 

407
00:25:03,300 --> 00:25:05,300
with covid protocols and so 
forth. 

408
00:25:05,300 --> 00:25:08,400
We've seen it on TV, we've seen 
people, you know, get spit on 

409
00:25:08,400 --> 00:25:11,000
and punched in the face and and 
all the rest of it. 

410
00:25:11,000 --> 00:25:14,300
So you know where especially in 
these kind of service 

411
00:25:14,300 --> 00:25:16,600
front-facing interacting with 
the public job. 

412
00:25:16,600 --> 00:25:21,300
So you offer people a safe place
to work which you've done and a 

413
00:25:21,300 --> 00:25:25,600
good wage and you've done that 
and lo and behold you find that 

414
00:25:25,600 --> 00:25:30,500
people are not only will they 
The eager to come out and 

415
00:25:30,500 --> 00:25:34,100
compete for jobs like these. 
So I don't think this is a 

416
00:25:34,100 --> 00:25:37,400
mystery at all. 
I think what workers want is a 

417
00:25:37,400 --> 00:25:42,600
safe work environment and, you 
know, decent compensation. 

418
00:25:42,800 --> 00:25:44,600
It's not a whole hell of a lot 
to ask, Okay. 

419
00:25:44,600 --> 00:25:46,800
But well, yes, I know, but why 
is it left to people like you 

420
00:25:46,800 --> 00:25:50,400
and myself to give a lesson in 
capitalism to the gapless? 

421
00:25:50,400 --> 00:25:53,700
They fit, you know. 
I'm and I tell people store, 

422
00:25:53,700 --> 00:25:57,500
owners, whatever, in town, you 
know, all you got to do just pay

423
00:25:57,500 --> 00:26:00,300
a living wage. 
Wage, you know, and let's be 

424
00:26:00,300 --> 00:26:02,300
start to be honest. 
For some of these jobs, you 

425
00:26:02,300 --> 00:26:05,800
don't need a college education, 
let people compete for these 

426
00:26:05,800 --> 00:26:07,000
jobs. 
They didn't make it. 

427
00:26:07,000 --> 00:26:08,900
I didn't make it through school.
I made it through a year and a 

428
00:26:08,908 --> 00:26:12,200
half of college, let yes. 
I'm going to pay you twenty to 

429
00:26:12,200 --> 00:26:14,700
fifty an hour and you don't need
a college degree because you 

430
00:26:14,700 --> 00:26:16,200
don't need a college degree to 
be. 

431
00:26:16,200 --> 00:26:20,900
There are covid safety staff and
I had them trained by people 

432
00:26:20,900 --> 00:26:22,100
from the Department of Public 
Health. 

433
00:26:22,400 --> 00:26:25,600
I brought in a conflict 
resolution and the escalation 

434
00:26:25,600 --> 00:26:29,800
trainer to train them. 
Really what they needed to be 

435
00:26:29,800 --> 00:26:34,900
safe, to do the safely to not 
deal with again like I said the 

436
00:26:34,900 --> 00:26:40,500
belligerents and and, you know, 
go home and live the life, you 

437
00:26:40,500 --> 00:26:42,500
want to live at making a decent 
wage? 

438
00:26:42,500 --> 00:26:45,200
What is so hard about that? 
And why are you? 

439
00:26:45,200 --> 00:26:49,400
And I the ones trying to 
convince people who believe in 

440
00:26:49,400 --> 00:26:52,300
campus, they really believed in 
capitalism, wouldn't they just 

441
00:26:52,300 --> 00:26:54,900
make this equation on their own 
and they'd say, wow. 

442
00:26:54,900 --> 00:26:58,600
If I just paid a little bit 
more, I'm gonna make A lot more.

443
00:26:58,800 --> 00:27:01,800
What's wrong with this? 
This picture here? 

444
00:27:02,000 --> 00:27:05,300
Yeah, I I don't know how to 
answer it, except to say that 

445
00:27:05,300 --> 00:27:11,500
employers have gotten accustomed
to very cheap labor and a pool 

446
00:27:11,500 --> 00:27:15,300
of unemployed workers who are 
essentially desperate for any 

447
00:27:15,300 --> 00:27:21,000
job and they haven't had maybe 
the kind of negotiating power 

448
00:27:21,000 --> 00:27:23,900
that many workers now, feel like
they do enjoy. 

449
00:27:23,900 --> 00:27:27,800
You know, for the first time in 
a very long time, there are a 

450
00:27:27,800 --> 00:27:30,700
couple Really more job vacancies
than job Seekers. 

451
00:27:30,900 --> 00:27:33,100
That hasn't happened in a long 
time. 

452
00:27:33,100 --> 00:27:34,800
I don't know if it's happened in
my lifetime. 

453
00:27:35,000 --> 00:27:38,000
Yeah, and you know, after the 
last so we had a recession, 

454
00:27:38,000 --> 00:27:41,300
right covid induced a recession.
It was the shortest recession in

455
00:27:41,300 --> 00:27:44,900
US history, but the recession 
before, that was the Wall Street

456
00:27:44,908 --> 00:27:48,400
induced recession. 
It was the subprime housing 

457
00:27:48,400 --> 00:27:50,300
price trying on your mind. 
Yeah. 

458
00:27:50,300 --> 00:27:59,000
And seven, that that so-called 
recovery was a very anemic and 

459
00:27:59,000 --> 00:28:04,000
bad for workers recovery. 
In fact, the jobs that came back

460
00:28:04,000 --> 00:28:06,100
were inferior to the jobs that 
were lost. 

461
00:28:06,100 --> 00:28:10,100
It took more than six years to 
claw back, all of the jobs that 

462
00:28:10,108 --> 00:28:12,200
were lost in the, in the 
recession. 

463
00:28:12,200 --> 00:28:14,800
And when they came back, they 
were inferior to the jobs that 

464
00:28:14,808 --> 00:28:16,400
were lost. 
And what I mean, is that they 

465
00:28:16,400 --> 00:28:18,700
were lower wage and lower our 
jobs. 

466
00:28:18,700 --> 00:28:22,700
So employers have had the 
benefit of cheap desperate 

467
00:28:22,700 --> 00:28:26,000
workers for decades. 
And, you know, this is kind of 

468
00:28:26,008 --> 00:28:30,600
coming as a shock to the system 
for And they they're complaining

469
00:28:30,600 --> 00:28:33,200
about it all right? 
Yes, because last time as you 

470
00:28:33,200 --> 00:28:38,400
said last time around and the 
last piece of that 08 Wall 

471
00:28:38,400 --> 00:28:44,600
Street banking crisis, was the 
fact that General Motors and 

472
00:28:44,600 --> 00:28:48,600
Chrysler went belly-up and so 
the new President Obama had to 

473
00:28:48,600 --> 00:28:52,600
step in and essentially have the
government, take them over and 

474
00:28:52,600 --> 00:28:57,600
repurpose them, get their books 
in order and Obama became the de

475
00:28:57,600 --> 00:29:02,600
facto Octo CEO of General Motors
and Chrysler the best way to put

476
00:29:02,600 --> 00:29:04,100
it. 
But basically, he was in charge.

477
00:29:04,100 --> 00:29:10,500
He the government was in charge 
the way that he and Biden and 

478
00:29:10,500 --> 00:29:15,900
others at the time decided to 
pull ourselves out of that. 

479
00:29:15,900 --> 00:29:20,400
Crisis was to do what you just 
said. 

480
00:29:20,400 --> 00:29:22,800
So for instance, my friends, who
work on the assembly line, 

481
00:29:22,900 --> 00:29:29,000
General Motors in flatter 
Detroit, they They were I don't 

482
00:29:29,000 --> 00:29:31,800
know what they were making an 
hour before that. 

483
00:29:33,300 --> 00:29:36,400
That crash but I'm going to say 
25 to 30 dollars an hour plus 

484
00:29:36,400 --> 00:29:40,900
benefits Obama and the 
government the Larry Summers of 

485
00:29:40,900 --> 00:29:44,100
our world. 
So we say made it so that yes 

486
00:29:44,100 --> 00:29:45,700
we're going to get General 
Motors reopen. 

487
00:29:45,700 --> 00:29:48,800
The government is not going to 
be running a car company but you

488
00:29:48,800 --> 00:29:52,000
the workers are going to have to
switch the new workers. 

489
00:29:52,000 --> 00:29:55,600
The ones are going to come in. 
After this crisis, you're going 

490
00:29:55,600 --> 00:29:59,300
to pay $10 an hour, $12 an hour,
Our that's it. 

491
00:29:59,500 --> 00:30:01,500
That was the part. 
The pay was like, literally cut 

492
00:30:01,500 --> 00:30:05,300
in half, but because people were
desperate for work, people were 

493
00:30:05,300 --> 00:30:07,900
losing their homes. 
What are they going to do? 

494
00:30:08,600 --> 00:30:14,000
And so they agreed to be in an 
auto worker in the union. 

495
00:30:14,000 --> 00:30:18,300
Had to go along with this for 
ten twelve dollars an hour and 

496
00:30:18,500 --> 00:30:21,300
and some benefits, but not not 
like what they were, no 

497
00:30:21,300 --> 00:30:24,200
pensions. 
Please don't even use the b 

498
00:30:24,200 --> 00:30:28,400
word. 
So it ended up being a Bad 

499
00:30:28,400 --> 00:30:30,500
thing. 
This crisis. 

500
00:30:31,400 --> 00:30:35,000
This is why this is why the 
wealthy and the owners are just 

501
00:30:35,000 --> 00:30:41,100
flipped out because this crisis 
has not resulted in people being

502
00:30:41,600 --> 00:30:44,600
pushed down. 
Further the boot on the neck, 

503
00:30:45,100 --> 00:30:49,300
put down harder, it was amazing,
the fiscal response this time 

504
00:30:49,400 --> 00:30:52,800
compared to what was done under 
President Obama after the 

505
00:30:52,800 --> 00:30:55,200
financial crisis. 
Triggered, the Great Recession. 

506
00:30:55,500 --> 00:30:59,100
Basically last time, you know, 
you got to sort Of one-and-done.

507
00:30:59,200 --> 00:31:03,300
Congress did the American 
Recovery and reinvestment act 

508
00:31:03,500 --> 00:31:06,700
that was the so-called, you 
know, Obama stimulus package. 

509
00:31:06,700 --> 00:31:10,600
It was 787 billion dollars which
sounded too many like a lot of 

510
00:31:10,608 --> 00:31:13,100
money at the time. 
Larry Summers. 

511
00:31:13,100 --> 00:31:17,100
You know famously kept that 
number down and there were 

512
00:31:17,100 --> 00:31:20,100
others around Obama. 
The time telling him this was 

513
00:31:20,300 --> 00:31:22,100
this was never going to be 
sufficient. 

514
00:31:22,100 --> 00:31:25,400
You needed to go much bigger or,
you know, you were going to end 

515
00:31:25,400 --> 00:31:28,800
up with a really crappy economy.
Long period of time. 

516
00:31:28,800 --> 00:31:31,600
Larry said no, no, no, we can't 
touch the word trillion. 

517
00:31:31,600 --> 00:31:34,200
Nobody's ready for that and 
others around him. 

518
00:31:34,200 --> 00:31:36,700
Rahm Emanuel David. 
Axelrod David. 

519
00:31:36,700 --> 00:31:38,500
Axelrod said, people have 
sticker shock. 

520
00:31:38,500 --> 00:31:40,900
If you say trillion we can't do 
that. 

521
00:31:41,000 --> 00:31:45,600
So we got a fiscal package, one 
much too small to handle, you 

522
00:31:45,600 --> 00:31:50,600
know, the task and then we ended
up with a very, very crappy 

523
00:31:50,600 --> 00:31:56,000
economy and a slow sluggish 
recovery this time, really 

524
00:31:56,000 --> 00:31:57,800
incredible, right? 
The panda. 

525
00:31:58,000 --> 00:32:01,100
Damn, it comes to our Shores, in
March of last year. 

526
00:32:01,300 --> 00:32:06,000
And Congress with, with very 
little delay, bangs out a 2.2 

527
00:32:06,000 --> 00:32:09,300
trillion dollar fiscal package, 
the care is act. 

528
00:32:09,400 --> 00:32:12,200
And you see, you know, federal 
government step up with 

529
00:32:12,300 --> 00:32:16,500
unemployment insurance, right? 
Federal government says, will 

530
00:32:16,500 --> 00:32:18,100
Top up what the state is doing 
for. 

531
00:32:18,100 --> 00:32:22,700
You will give you an extra $600 
a week and will expand the 

532
00:32:22,700 --> 00:32:24,200
coverage. 
So it includes people who 

533
00:32:24,200 --> 00:32:27,900
typically get left out noubar 
drivers in the like and we'll 

534
00:32:28,000 --> 00:32:30,900
And checks to almost every 
household in America. 

535
00:32:31,000 --> 00:32:34,400
Well, get you $1200. 
It's coming in the mail and will

536
00:32:34,400 --> 00:32:36,400
do. 
Payroll protection programs will

537
00:32:36,400 --> 00:32:38,900
help small businesses, stay 
afloat, pay their utilities. 

538
00:32:38,900 --> 00:32:44,200
Keep their workers on payroll in
the light and we lost twenty two

539
00:32:44,200 --> 00:32:47,400
million jobs in the first two 
months of the pandemic. 

540
00:32:47,700 --> 00:32:51,000
But then we went on to have the 
shortest recession in history 

541
00:32:51,000 --> 00:32:54,700
and Congress came back and did a
900 billion dollar package in 

542
00:32:54,700 --> 00:32:58,100
December of last year and then 
they came back this March And 

543
00:32:58,100 --> 00:33:01,700
did one point nine trillion, 
more and more checks went out in

544
00:33:01,700 --> 00:33:05,800
December, more checks went out 
in March of this year, you had 

545
00:33:05,800 --> 00:33:10,200
extensions in the unemployment 
compensation and rent moratoria.

546
00:33:10,200 --> 00:33:14,100
I mean, this was just incredible
five trillion or so right. 

547
00:33:14,200 --> 00:33:15,900
And, and the proof is in the 
pudding. 

548
00:33:16,000 --> 00:33:19,700
I mean, there's a reason that 
boats are floating in the ocean 

549
00:33:19,700 --> 00:33:22,900
stocked with stuff because 
people have money to spend. 

550
00:33:22,900 --> 00:33:25,800
We've lifted almost half of all 
the kids in this country out of 

551
00:33:25,800 --> 00:33:28,500
poverty. 
It's the first time I'm that we 

552
00:33:28,500 --> 00:33:32,300
had a sharp downturn. 
A recession were poverty rates 

553
00:33:32,300 --> 00:33:34,600
fell, right. 
That's right. 

554
00:33:35,000 --> 00:33:37,900
And yet, and yet the people the 
people were pushing this 

555
00:33:38,100 --> 00:33:41,400
so-called labor shortage, the 
ghost of Larry Summers. 

556
00:33:41,400 --> 00:33:44,600
By the way, it's not a ghost. 
He's it's still alive and his 

557
00:33:44,600 --> 00:33:47,400
written op-eds, and he, and 
others of that. 

558
00:33:47,400 --> 00:33:50,900
Ilk, they were pushing the 
so-called labor shortage. 

559
00:33:50,900 --> 00:33:54,200
I have that in quote marks you 
can't see me this, they pushing 

560
00:33:54,200 --> 00:34:00,000
this line because they want and 
they expect A large class of 

561
00:34:00,000 --> 00:34:05,000
desperate and feckless workers. 
They need that to make the kind 

562
00:34:05,000 --> 00:34:07,100
of profits. 
They've been making for the last

563
00:34:07,100 --> 00:34:09,500
decade or so. 
That's what this is really all 

564
00:34:09,500 --> 00:34:12,300
about. 
And I taking from what you're 

565
00:34:12,300 --> 00:34:16,800
saying here, Stephanie, I mean, 
they want the workers to be weak

566
00:34:16,800 --> 00:34:20,199
enough. 
To have to work for crumbs 

567
00:34:20,600 --> 00:34:22,699
because crumbs is all they want 
to give because if they get more

568
00:34:22,699 --> 00:34:26,300
than crumbs, then they're not 
going to be the gazillionaires 

569
00:34:26,699 --> 00:34:29,000
that they become in the people 
that become so rich. 

570
00:34:29,000 --> 00:34:34,100
During this pandemic, why they 
would have any problem paying 

571
00:34:34,100 --> 00:34:38,000
people a living wage or Beyond 
when they have done so. 

572
00:34:38,000 --> 00:34:40,000
Well during this time, this 
time, I live in northern 

573
00:34:40,000 --> 00:34:43,300
Michigan. 
I mean, the real estate, it's 

574
00:34:43,300 --> 00:34:45,199
not just in, it's not just in 
the big cities. 

575
00:34:45,199 --> 00:34:47,600
This is just a little town up in
northern Michigan. 

576
00:34:48,100 --> 00:34:52,400
It's amazing. 
How I watched people swoop into 

577
00:34:52,400 --> 00:34:57,100
town, rich people and buy up 
everything they could and then 

578
00:34:57,100 --> 00:35:00,100
turn around and they start 
selling it for twice or three 

579
00:35:00,100 --> 00:35:05,400
times or four times as much as 
it was just months earlier, it, 

580
00:35:05,800 --> 00:35:06,700
I'm people. 
Listen this. 

581
00:35:06,700 --> 00:35:08,000
I know they've seen this in 
their towns. 

582
00:35:08,000 --> 00:35:12,500
It's all over the country and, 
and it seems like they were the 

583
00:35:12,500 --> 00:35:16,900
backbone of this has to be paid 
people as little as possible and

584
00:35:16,900 --> 00:35:18,900
they're not getting away with it
because But aren't showing up to

585
00:35:18,900 --> 00:35:22,200
work for little as possible 
because if they if we had really

586
00:35:22,200 --> 00:35:26,800
gotten rid of the pandemic, if 
we stemmed it right away, maybe 

587
00:35:26,800 --> 00:35:29,300
maybe they could have pulled 
this off because people would 

588
00:35:29,300 --> 00:35:34,000
feel, you know, that is unsafe 
but it's we're not out of the 

589
00:35:34,000 --> 00:35:37,900
woods and in this town in 
northern Michigan you can go on 

590
00:35:37,900 --> 00:35:39,600
the map look at Northern 
Michigan. 

591
00:35:39,600 --> 00:35:43,600
Is now the number one state this
week in terms of covid 

592
00:35:43,600 --> 00:35:47,800
infections and it's the hospital
has hit Code Red. 

593
00:35:48,000 --> 00:35:53,200
Head for the first time in its 
80-year existence and it's no. 

594
00:35:53,200 --> 00:35:56,500
But people do not want want to 
work and I have told people to 

595
00:35:56,500 --> 00:35:58,600
who are working the theater 
Cerner. 

596
00:35:59,000 --> 00:36:01,000
Hey, you know, I don't want 
anybody working when you don't 

597
00:36:01,000 --> 00:36:03,300
feel right now, you know, we're 
all vaccinated. 

598
00:36:03,300 --> 00:36:05,200
We're not letting them at 
anybody in without being fully 

599
00:36:05,200 --> 00:36:08,700
vaccinated, we are going to take
their temperature at the door. 

600
00:36:09,200 --> 00:36:13,400
So if somehow, you know, they've
there's a breakthrough here 

601
00:36:13,400 --> 00:36:15,300
whatever because they haven't 
been wearing your mask, you have

602
00:36:15,300 --> 00:36:19,900
to wear your mask, still, they 
won't get The theater and once 

603
00:36:19,900 --> 00:36:22,900
in there, there's nobody sitting
three or four seats to the right

604
00:36:22,900 --> 00:36:25,700
of you or three or four seats to
the left, you nobody in the 

605
00:36:25,700 --> 00:36:28,700
whole row in front of you and 
nobody in the whole world in 

606
00:36:28,700 --> 00:36:30,600
back of you. 
That's how I've set it up. 

607
00:36:30,800 --> 00:36:34,600
So, I mean, you know, because, 
you know, the coronavirus is my 

608
00:36:34,600 --> 00:36:38,400
enemy. 
So, I am going to, I am going to

609
00:36:38,400 --> 00:36:41,300
win and we're not going to let 
it hurt people harm, people kill

610
00:36:41,300 --> 00:36:43,600
people, that's my attitude. 
I wish it had been the Global 

611
00:36:43,600 --> 00:36:47,900
Response because you know, when 
a factories are shutting. 

612
00:36:48,000 --> 00:36:51,600
Down because there's a covid 
outbreak in a poor country that 

613
00:36:51,600 --> 00:36:54,000
we use to manufacture Nike 
tennis shoes or whatever. 

614
00:36:54,000 --> 00:36:58,000
You know, we did the global 
response has been absolutely 

615
00:36:58,000 --> 00:37:01,100
abysmal. 
You got what three percent of 

616
00:37:01,100 --> 00:37:04,200
the population of Africa that's 
vaccinated. 

617
00:37:04,500 --> 00:37:07,700
I mean if we were serious about 
trying to return to normal, 

618
00:37:07,700 --> 00:37:12,500
that's what needed to be done 
and all hands on deck, Global 

619
00:37:12,500 --> 00:37:17,200
coordinated effort to stamp out 
this the spread of this virus 

620
00:37:17,200 --> 00:37:21,400
and and we just didn't get it. 
The, you know, I have friends 

621
00:37:21,400 --> 00:37:26,800
who work in Africa, I have a 
friend who is a doctor there and

622
00:37:26,800 --> 00:37:29,800
he was saying that, you know, 
the thing about a fraud. 

623
00:37:29,800 --> 00:37:36,500
So sad about Africa is Africans.
Don't play this goofy game of do

624
00:37:36,500 --> 00:37:40,700
this, this vaccine has chips 
from Bill Gates that they're 

625
00:37:40,700 --> 00:37:45,400
putting my Africans are so 
desperate and so wanting a 

626
00:37:45,400 --> 00:37:51,000
vaccines medicine. 
Any help and that if we were 

627
00:37:51,000 --> 00:37:54,500
truly committed because we will 
not get rid of this without a 

628
00:37:54,508 --> 00:37:57,500
worldwide effort. 
And if we look at Africa, like, 

629
00:37:57,500 --> 00:37:59,300
oh, well, what does that have to
do with me in Michigan? 

630
00:37:59,600 --> 00:38:03,800
Well, the reason our hospital is
full started with a virus in 

631
00:38:03,800 --> 00:38:05,800
China. 
Did you ever ask yourself how to

632
00:38:05,800 --> 00:38:08,700
try to make it to Michigan? 
I mean we live and we live on a 

633
00:38:08,707 --> 00:38:10,500
planet that's not really that 
big. 

634
00:38:11,300 --> 00:38:14,300
And and we are all affecting 
each other with this. 

635
00:38:14,500 --> 00:38:16,600
But I just, you know, just 
getting back to this thing about

636
00:38:16,600 --> 00:38:18,600
the labor. 
And I want to move on with the 

637
00:38:18,600 --> 00:38:22,400
next question. 
It's I just, I don't know how 

638
00:38:22,400 --> 00:38:24,900
you feel about this and I don't 
know if you are have to be 

639
00:38:24,900 --> 00:38:29,600
agnostic about it or whatever, 
but I I really salute the people

640
00:38:29,600 --> 00:38:34,400
that have held out. 
I know it's not been easy, but 

641
00:38:34,400 --> 00:38:37,100
it be inch by inch the wages, go
up. 

642
00:38:38,500 --> 00:38:42,000
More people last month and the 
previous month's 500,000. 

643
00:38:42,000 --> 00:38:48,600
I believe we're employing, new 
hot new hires, you know, Boy, if

644
00:38:48,600 --> 00:38:52,900
we just all stick together on 
this, I just I don't know what's

645
00:38:52,900 --> 00:38:55,700
the best thing I should say it. 
And if you, if you can't say, 

646
00:38:55,700 --> 00:38:58,800
because wait, are you saying so?
We got five hundred and thirty 

647
00:38:58,800 --> 00:39:03,000
one thousand jobs last month and
we had good upward revisions so 

648
00:39:03,000 --> 00:39:05,900
but you're saying hold out in 
terms of the people who are 

649
00:39:05,900 --> 00:39:08,400
still refusing to go back to 
work. 

650
00:39:08,400 --> 00:39:09,600
Yes. 
Yes. 

651
00:39:09,600 --> 00:39:13,700
If you can easy for me to say 
and I'm just saying that, I will

652
00:39:13,700 --> 00:39:17,900
try to set my example by the 
people I hire who are Our who 

653
00:39:17,900 --> 00:39:20,100
are working jobs that you don't 
need a college education or 

654
00:39:20,100 --> 00:39:22,400
whatever. 
But I will make I want them to 

655
00:39:22,400 --> 00:39:28,400
be paid somewhere between 18 and
23, dollars an hour and I just 

656
00:39:28,400 --> 00:39:29,900
think that's the right thing to 
do. 

657
00:39:31,300 --> 00:39:33,900
I can do the math. 
You know, we're going to make 

658
00:39:33,900 --> 00:39:37,400
money II, don't, I don't, you 
know, you can see a movie in my,

659
00:39:37,400 --> 00:39:40,600
in my theater for as little as 
seven dollars and and the 

660
00:39:40,600 --> 00:39:44,000
popcorn is two dollars in the 
pop, as we say in Michigan, 

661
00:39:44,000 --> 00:39:48,900
soda, pop is two dollars. 
And the candies the dollar, I 

662
00:39:48,900 --> 00:39:53,300
mean, I've kept my prices low 
and yet I can I can tell you 

663
00:39:53,300 --> 00:39:57,300
right now at the end of next 
year, we're going to be okay. 

664
00:39:58,700 --> 00:40:01,300
So, I don't know why other 
people aren't doing this and 

665
00:40:01,300 --> 00:40:04,500
maybe, yes, maybe we won't make 
as much as we did five years ago

666
00:40:04,500 --> 00:40:09,500
or three years ago, but don't we
all want to live? 

667
00:40:09,500 --> 00:40:13,800
I do in the community, I live in
where people are happy and when 

668
00:40:13,800 --> 00:40:18,800
they're happy they live good 
lives and race happy children. 

669
00:40:18,800 --> 00:40:22,000
And am I missing the boat? 
I don't think you are. 

670
00:40:22,000 --> 00:40:27,400
I think it it's a wonderful 
thing to imagine. 

671
00:40:27,500 --> 00:40:32,700
I mean I I can't imagine not 
wanting to see your neighbors 

672
00:40:32,700 --> 00:40:36,600
and the other people in your 
community doing well, and you 

673
00:40:36,600 --> 00:40:41,700
know that's there, but obviously
we know, we know, why not 

674
00:40:41,700 --> 00:40:45,200
everybody feels that way. 
It's, you know, you're a gain is

675
00:40:45,200 --> 00:40:49,600
perceived to come somehow at my 
expense and you can pit workers 

676
00:40:49,600 --> 00:40:52,600
against one. 
Another clearly employers, think

677
00:40:52,600 --> 00:40:56,500
bottom line first. 
And if there's a potential to, 

678
00:40:56,500 --> 00:40:59,300
you know, if they've got to pay 
a little bit of Higher wage. 

679
00:40:59,300 --> 00:41:03,000
And they've got a choice to 
either pass that on to the end 

680
00:41:03,000 --> 00:41:06,600
consumer by raising prices, or 
allow it to come a little bit 

681
00:41:06,600 --> 00:41:09,200
out of their profits. 
We know most of the time. 

682
00:41:09,300 --> 00:41:12,900
What that choice looks like it 
push prices up to maintain 

683
00:41:12,900 --> 00:41:13,900
profit. 
Margins. 

684
00:41:13,900 --> 00:41:17,500
So, you know, we have a, it's 
greed. 

685
00:41:17,500 --> 00:41:21,200
Michael, we know this, I know, 
and I want to say to those who 

686
00:41:21,500 --> 00:41:24,500
you call it capitalism, but it 
really honestly and just plain 

687
00:41:24,500 --> 00:41:27,800
language its greed. 
If you were just to pay people a

688
00:41:27,800 --> 00:41:30,400
little bit more, Or instead of 
owning 5 homes. 

689
00:41:30,900 --> 00:41:33,500
You own three homes. 
Can you get by? 

690
00:41:34,200 --> 00:41:38,500
Can you get by on on that? 
I mean so that we can all get 

691
00:41:38,500 --> 00:41:40,700
out of this dark era that we're 
in. 

692
00:41:41,100 --> 00:41:45,000
Can you the wealthy join in on 
this you know, you don't, you 

693
00:41:45,000 --> 00:41:48,200
don't have to vote for Bernie. 
You don't have to follow me or 

694
00:41:48,200 --> 00:41:53,500
anything like that, but but how 
about just for your greater 

695
00:41:53,500 --> 00:41:57,200
good, if you want to play the 
long game, aren't you going to 

696
00:41:57,200 --> 00:42:00,600
be better off? 
If people are better off, one of

697
00:42:00,600 --> 00:42:04,100
the other things that government
in Japan has done over many 

698
00:42:04,100 --> 00:42:08,100
years, is they call it 
jawboning, you know this. 

699
00:42:08,200 --> 00:42:11,100
Oh yeah, yeah, yeah, yeah. 
They just basically shame 

700
00:42:11,100 --> 00:42:14,700
companies ahead of time so that 
they don't raise their prices 

701
00:42:14,700 --> 00:42:16,500
and gouge consumers and so 
forth. 

702
00:42:16,500 --> 00:42:19,400
So the government just gives a 
little public statement of some 

703
00:42:19,400 --> 00:42:22,300
kind saying, you don't really 
want to do that, do you? 

704
00:42:22,300 --> 00:42:27,900
You know, and then it just keeps
keeps the lid on you know just 

705
00:42:27,900 --> 00:42:30,900
how green Edie, corporations are
going to get. 

706
00:42:31,500 --> 00:42:33,300
Let me let me go back to 
inflation for a second. 

707
00:42:33,300 --> 00:42:38,200
So here's, here's a kind of a 
contrarian question is 

708
00:42:38,200 --> 00:42:40,400
inflation. 
All that bad. 

709
00:42:41,100 --> 00:42:45,100
Now now my friend, John Schwarz,
who works over at The Intercept.

710
00:42:45,900 --> 00:42:49,800
He had this great piece in 
their, in their online, 

711
00:42:49,800 --> 00:42:54,200
publication The Intercept about 
inflation, not being so bad for 

712
00:42:54,200 --> 00:42:58,200
the working class that it's more
detrimental to the rich. 

713
00:42:58,500 --> 00:43:01,900
Which is why they always are 
talking about inflation, not 

714
00:43:01,900 --> 00:43:04,600
good for them, but for the 
working, I mean, nobody wants to

715
00:43:04,600 --> 00:43:08,100
pay another, you know, 50 cents 
for a half gallon of milk or 

716
00:43:08,100 --> 00:43:11,400
whatever, but it was just 
interesting reading. 

717
00:43:11,400 --> 00:43:13,800
This I don't know if you saw it 
or not but what's your take on 

718
00:43:13,800 --> 00:43:16,700
that? 
That that the sort of panic in 

719
00:43:16,700 --> 00:43:20,500
the sort of hyperbole about 
that? 

720
00:43:20,500 --> 00:43:23,200
How this inflation we're going 
through now is going to kill us 

721
00:43:23,600 --> 00:43:26,300
and it's going to kill Biden's 
chances of re-election. 

722
00:43:26,300 --> 00:43:28,200
The Democrats are going to lose 
the house in the Senate next 

723
00:43:28,200 --> 00:43:28,600
year. 
Here. 

724
00:43:28,900 --> 00:43:32,200
Well, I mean, just I mean, not 
saying that it doesn't exist 

725
00:43:32,200 --> 00:43:36,400
and, you know, some people 
obviously, it does hurt people, 

726
00:43:36,400 --> 00:43:38,500
but I'm just curious. 
I read that. 

727
00:43:38,500 --> 00:43:40,200
And I thought, well, that is a 
different way of looking at 

728
00:43:40,200 --> 00:43:41,400
this. 
Yeah. 

729
00:43:41,400 --> 00:43:45,500
I mean it's a little bit nuanced
and so I would have to know more

730
00:43:45,500 --> 00:43:49,200
like lower income. 
People spend a higher percentage

731
00:43:49,200 --> 00:43:56,400
of their income on gasoline or 
rent or Healthcare and 

732
00:43:56,400 --> 00:43:58,300
wealthier. 
People pay a higher percentage 

733
00:43:58,900 --> 00:44:02,200
On housing, for example. 
So, when we talk about 

734
00:44:02,200 --> 00:44:05,700
inflation, you know, there's a 
consumer price index, and there 

735
00:44:05,700 --> 00:44:08,300
are other price, indices and 
different ways to measure 

736
00:44:08,300 --> 00:44:11,100
inflation. 
So, you can have headline 

737
00:44:11,100 --> 00:44:16,000
inflation zooming higher because
just one component in the 

738
00:44:16,000 --> 00:44:18,500
consumer basket is getting much 
more expensive. 

739
00:44:18,500 --> 00:44:22,400
So say, health care if you had 
Rising health care premiums and 

740
00:44:22,400 --> 00:44:26,700
skyrocketing prescription drug 
costs and everything else was 

741
00:44:26,700 --> 00:44:29,100
staying the same, right prices. 
Weren't Rising. 

742
00:44:29,100 --> 00:44:32,400
But just Healthcare was getting 
more expensive that would 

743
00:44:32,400 --> 00:44:35,100
produce headline inflation. 
And so then you have to say, 

744
00:44:35,100 --> 00:44:39,000
well who who is more hurt by 
Rising health care costs, you 

745
00:44:39,000 --> 00:44:41,900
know, they're very red sure. 
The lower income. 

746
00:44:41,900 --> 00:44:45,500
Usually when people talk about 
inflation in sort of class 

747
00:44:45,500 --> 00:44:48,500
terms, I think they think of the
investor class. 

748
00:44:48,500 --> 00:44:51,800
So you might think of 
bondholders who are getting you 

749
00:44:51,800 --> 00:44:55,700
no interest or stock market 
investors. 

750
00:44:55,700 --> 00:45:01,400
Maybe if dividends or In at a 
pretty stable Pace or your 

751
00:45:01,400 --> 00:45:05,400
interest on your bonds and 
inflation is eating up your real

752
00:45:05,400 --> 00:45:09,300
gains then you don't like it. 
You know because you're honest 

753
00:45:09,300 --> 00:45:14,200
in a sense on a fixed income as 
a bondholder but it's just 

754
00:45:14,200 --> 00:45:16,900
tricky. 
It depends on what what exactly 

755
00:45:16,900 --> 00:45:20,600
is getting more expensive 
because different income groups 

756
00:45:20,600 --> 00:45:22,300
feel those things differently, 
right? 

757
00:45:22,500 --> 00:45:26,500
So if well we know some prices 
are higher. 

758
00:45:26,500 --> 00:45:30,200
So is there something? 
President or Congress can do is 

759
00:45:30,200 --> 00:45:33,300
or something that Joe Biden 
could do maybe tomorrow next 

760
00:45:33,300 --> 00:45:37,800
week, stroke of the pen. 
That could provide some relief 

761
00:45:37,800 --> 00:45:41,900
for people. 
Well, the answer is yes, and the

762
00:45:42,200 --> 00:45:46,200
question really is relief, when 
in the short term, that's what 

763
00:45:46,200 --> 00:45:49,300
we'd like, right? 
We're all feeling the effects of

764
00:45:49,300 --> 00:45:52,300
paying a little bit more for 
that gallon of milk. 

765
00:45:52,300 --> 00:45:54,900
Paying quite a bit more to fill 
the tank. 

766
00:45:54,900 --> 00:45:58,800
If you're, you know, driving a 
car that requires gas I mean, 

767
00:45:59,900 --> 00:46:03,700
that's harder, but there are 
things that he could do to 

768
00:46:03,700 --> 00:46:06,400
reduce the costs that we pay for
other things. 

769
00:46:06,400 --> 00:46:09,200
So if we were paying a little 
more for milk, paying a little 

770
00:46:09,200 --> 00:46:12,600
bit more for gasoline. 
Well, he is sending, you know, 

771
00:46:12,600 --> 00:46:17,900
three hundred dollars a month to
families with kids under six and

772
00:46:17,900 --> 00:46:21,600
two hundred and fifty dollars a 
month to families with kids, you

773
00:46:21,600 --> 00:46:25,400
know, six and over up to 17 and 
that's in the form of the child 

774
00:46:25,400 --> 00:46:27,400
tax credit and that's 
reassuring. 

775
00:46:27,800 --> 00:46:30,800
Yeah. 
It's per child so that does help

776
00:46:30,800 --> 00:46:32,200
take the sting out of some of 
that. 

777
00:46:32,200 --> 00:46:36,500
But of course, in this build 
back better act that, you know, 

778
00:46:36,500 --> 00:46:38,500
he's trying to get through right
now. 

779
00:46:38,500 --> 00:46:42,500
There are additional things that
will reduce costs for the 

780
00:46:42,500 --> 00:46:45,400
average person. 
If you're, you know, if you have

781
00:46:45,400 --> 00:46:49,200
a spend a lot of money on 
childcare, well, Universal 

782
00:46:49,200 --> 00:46:52,600
Pre-K, and doing things to help,
people find affordable, 

783
00:46:52,600 --> 00:46:56,400
childcare options, negotiating 
prescription drug costs for 

784
00:46:56,400 --> 00:46:58,200
people who are paying out the 
nose. 

785
00:46:58,600 --> 00:47:01,200
For medicines. 
If we could bring some of those 

786
00:47:01,200 --> 00:47:04,400
costs down, then yes, your milk 
costs more, but your 

787
00:47:04,400 --> 00:47:08,100
prescription drugs cost 
significantly less, right? 

788
00:47:08,100 --> 00:47:10,400
So what can you do? 
In terms of housing, he wants to

789
00:47:10,400 --> 00:47:14,100
build something like a million 
units of affordable housing. 

790
00:47:14,100 --> 00:47:16,200
Some of these things take time, 
you know, there's money going 

791
00:47:16,200 --> 00:47:18,400
into ports, unconscious in rail.
Yes. 

792
00:47:18,400 --> 00:47:21,300
But on those things that could 
happen in our happening. 

793
00:47:21,300 --> 00:47:24,000
Now, I mean this is a very bar 
just want to repeat what you 

794
00:47:24,000 --> 00:47:27,200
just said that the child tax 
credit. 

795
00:47:28,400 --> 00:47:32,000
That that his family's. 
If you have two kids, you're 

796
00:47:32,000 --> 00:47:36,800
already getting at least around 
$600 or more a month. 

797
00:47:37,100 --> 00:47:40,400
Are you spending six hundred 
dollars more a month on gas 

798
00:47:40,400 --> 00:47:45,400
right now on milk and eggs? 
I mean seriously if you start to

799
00:47:45,400 --> 00:47:50,200
add up and then look at the 
extra 600 that you've got per 

800
00:47:50,200 --> 00:47:53,800
month because of what Joe Biden 
is done. 

801
00:47:53,800 --> 00:47:56,900
I just think like, okay look, 
yes, I don't, I don't want the 

802
00:47:56,908 --> 00:47:59,800
gas to go up. 
This is a global first off the 

803
00:47:59,808 --> 00:48:05,100
global price of gas going up, is
a global issue and it's nothing 

804
00:48:05,100 --> 00:48:09,400
to do with Trump losing her 
Biden winning this. 

805
00:48:09,400 --> 00:48:11,000
This doesn't get reported 
enough. 

806
00:48:11,000 --> 00:48:15,100
And so the second thing you 
mentioned is childcare and I 

807
00:48:15,100 --> 00:48:17,600
mean, listen to everybody who's 
listening right now who has to 

808
00:48:17,607 --> 00:48:21,500
pay child care, right? 
What are you paying a month or 

809
00:48:21,500 --> 00:48:25,200
even a week? 
250 300 350. 

810
00:48:25,500 --> 00:48:31,500
I mean, this is It's Madness. 
And the fact that he's proposing

811
00:48:31,500 --> 00:48:35,900
to set this up so that no more 
than what is it, seven percent 

812
00:48:36,000 --> 00:48:39,800
of your income of your home. 
With the numbers is 7%, okay, it

813
00:48:39,800 --> 00:48:40,900
can go to Chuck at the rest of 
it. 

814
00:48:40,900 --> 00:48:42,700
The the government's going to 
handle this. 

815
00:48:43,100 --> 00:48:44,700
The and the rich are going to 
pay for it. 

816
00:48:46,300 --> 00:48:51,500
So so that that $250 for 
childcare, did you just did you 

817
00:48:51,508 --> 00:48:57,800
spend $250 expert on gas? 
Look I'm not putting it down. 

818
00:48:58,300 --> 00:49:01,400
It's, it's serious. 
You know, I went through the 

819
00:49:01,400 --> 00:49:05,300
first as a teenager, the first 
gas crisis, they're back in the 

820
00:49:05,300 --> 00:49:08,500
70s. 
And, and so, what do we do? 

821
00:49:08,900 --> 00:49:12,400
We start to carpool. 
Gas was like 20 cents a gallon 

822
00:49:12,400 --> 00:49:15,400
by the way, and we were 
horrified when I went to 35 

823
00:49:15,400 --> 00:49:18,300
cents, but we started to 
carpool. 

824
00:49:18,300 --> 00:49:21,100
We started to do things out. 
If people got bikes bike lanes 

825
00:49:21,100 --> 00:49:24,500
were created in towns. 
I mean, you rolled with it 

826
00:49:24,700 --> 00:49:26,200
because you are going to be 
defeated by it. 

827
00:49:27,400 --> 00:49:31,300
To let the Republicans and 
others start to trash Biden. 

828
00:49:31,300 --> 00:49:33,400
And let's be clear. 
Well, I want to repeat this once

829
00:49:33,400 --> 00:49:35,300
again. 
What we're saying about buying 

830
00:49:35,300 --> 00:49:36,700
them with the in the goodies 
trying to do. 

831
00:49:36,700 --> 00:49:40,800
This is your if you're listening
at home or on that bicycle, 

832
00:49:41,700 --> 00:49:44,000
you're talking to. 
These are two people who were 

833
00:49:44,000 --> 00:49:45,400
out on the road with Bernie 
Sanders. 

834
00:49:45,900 --> 00:49:49,200
And and in separate, of course, 
had a very important role in 

835
00:49:49,200 --> 00:49:52,300
helping them put together 
essentially his economic 

836
00:49:52,300 --> 00:49:55,500
package, which, and now, the 
Republicans have finally figured

837
00:49:55,500 --> 00:49:58,600
this out. 
His good friend and that's not 

838
00:49:58,600 --> 00:50:01,100
said lightly his good friend. 
Joe Biden. 

839
00:50:01,500 --> 00:50:06,400
Has listen more to Bernie then 
to Joe manchin already. 

840
00:50:06,400 --> 00:50:11,000
Can we could we put a victory up
for that, that that, you know, 

841
00:50:11,300 --> 00:50:14,200
the goodness that he's tried to 
do is doing is trying to get 

842
00:50:14,200 --> 00:50:16,900
this bill passed. 
You know, you and I vote in the 

843
00:50:16,908 --> 00:50:18,500
primaries. 
We voted for Bernie. 

844
00:50:19,000 --> 00:50:20,900
So, when you're hearing a say 
these things about Biden, 

845
00:50:20,900 --> 00:50:26,500
there's no, you know, this is 
not an official whatever, right?

846
00:50:26,700 --> 00:50:30,600
Can can I bring you into that 
and say that or, or are you 

847
00:50:30,600 --> 00:50:32,900
working out for the bike 
Administration that I didn't 

848
00:50:32,900 --> 00:50:35,000
read about it? 
No, no, I did serve. 

849
00:50:35,000 --> 00:50:40,700
I mean I served as one of eight 
members of the Sanders Biden or 

850
00:50:40,700 --> 00:50:42,600
Biden Sanders Unity task. 
That's right. 

851
00:50:42,600 --> 00:50:44,200
She's on the economy. 
So yes. 

852
00:50:44,200 --> 00:50:47,400
So after Bernie didn't make it 
through the primaries, you were 

853
00:50:47,400 --> 00:50:50,900
on the Biden. 
Bernie economic panel, that put 

854
00:50:50,900 --> 00:50:54,300
together these proposals. 
That that that's right that 

855
00:50:54,300 --> 00:50:58,700
Stephanie I and Tens, hundreds 
of thousands were listening to 

856
00:50:58,707 --> 00:51:01,600
this right now. 
Want this past, we're not 

857
00:51:01,600 --> 00:51:04,000
satisfied with this roads and 
bridges thing. 

858
00:51:04,000 --> 00:51:07,200
Yes, good thing good, thank you 
internet, especially up where I 

859
00:51:07,207 --> 00:51:11,300
live. 
We're all thank you but man it's

860
00:51:11,300 --> 00:51:13,900
looking more and more like this 
is going to they're not going to

861
00:51:13,900 --> 00:51:16,400
do it in the year 2021. 
This is going to get pushed to 

862
00:51:16,400 --> 00:51:21,500
2022 and then more Democrats 
will be more frightened to do 

863
00:51:21,500 --> 00:51:23,300
the thing that they know is 
right to do. 

864
00:51:23,700 --> 00:51:26,000
But they're listening to all the
wrong people, what do we do 

865
00:51:26,000 --> 00:51:28,300
about this? 
So we get this human 

866
00:51:28,300 --> 00:51:32,200
infrastructure, bill passed, the
help parents with children, 

867
00:51:32,500 --> 00:51:37,900
parents with elderly, parents, 
all the things that we should 

868
00:51:37,900 --> 00:51:42,600
have, and we don't have, well, 
the pressure is definitely on 

869
00:51:42,600 --> 00:51:45,600
and it's really on to people. 
And I don't know, because I'm 

870
00:51:45,600 --> 00:51:49,400
not privy to the conversations 
that take place between the 

871
00:51:49,408 --> 00:51:53,400
White House and the two key 
Senators, that stand in the way 

872
00:51:53,400 --> 00:51:56,900
of potentially passing this 
legislation, and I think, Like 

873
00:51:56,900 --> 00:52:03,900
that you've got 48, Democrats or
senators and the 48 members of 

874
00:52:03,900 --> 00:52:07,700
the US Senate who are prepared 
to vote for the bill back better

875
00:52:07,700 --> 00:52:11,300
agenda, remember that this thing
started off with people like 

876
00:52:11,300 --> 00:52:14,300
Senator Sanders saying, we it 
should be a six trillion dollar 

877
00:52:14,300 --> 00:52:19,500
package and then a compromise 
was arrived at and you had 

878
00:52:19,500 --> 00:52:22,500
Senator Schumer. 
You had speaker Pelosi. 

879
00:52:22,700 --> 00:52:25,700
You had the Democrats come out, 
and stand shoulder to shoulder, 

880
00:52:25,900 --> 00:52:29,500
and say, You know, we have come 
to an agreement. 

881
00:52:29,600 --> 00:52:33,300
Our number is three point, five 
trillion, the Democrats are 

882
00:52:33,300 --> 00:52:37,200
united and we got what's called 
a budget resolution, which is 

883
00:52:37,200 --> 00:52:40,100
the formal document that affirms
that number. 

884
00:52:40,100 --> 00:52:42,800
It says, okay, we have given 
ourselves permission to move 

885
00:52:42,800 --> 00:52:46,600
forward to write legislation to 
spend three and a half trillion 

886
00:52:46,600 --> 00:52:50,900
dollars and then Senator manchin
Senator Cinema said, hold on, 

887
00:52:51,300 --> 00:52:55,400
I'm not prepared to go there and
Mansion said I want to pause and

888
00:52:55,400 --> 00:52:58,200
we all know what happened. 
And and so they have been 

889
00:52:58,200 --> 00:53:02,100
negotiating with themselves and 
that number is now down to what 

890
00:53:02,100 --> 00:53:07,800
some 1.7 trillion and I suspect 
that it will continue to fall 

891
00:53:07,800 --> 00:53:11,400
because the house moved with 
1.75 but now we're waiting on 

892
00:53:11,400 --> 00:53:13,900
the Senate. 
So I think you're quite right. 

893
00:53:15,100 --> 00:53:18,500
If you're paying attention and 
listening to the things that Joe

894
00:53:18,500 --> 00:53:22,600
manchin is saying just in the 
last 24 hours, he is channeling 

895
00:53:22,600 --> 00:53:28,100
that you know he's using this 
current bout of Just say, I 

896
00:53:28,100 --> 00:53:31,600
think maybe we've already done 
too much and I'm not sure we 

897
00:53:31,600 --> 00:53:35,000
should go forward this year. 
And that's where the pressure 

898
00:53:35,000 --> 00:53:37,500
point. 
Is you've we've got find some 

899
00:53:37,500 --> 00:53:41,100
way to make him comfortable and 
I'm not. 

900
00:53:41,100 --> 00:53:47,400
In fact, I'm not sure that it's 
really a genuine concern about 

901
00:53:47,400 --> 00:53:52,000
inflation. 
That is what need he needs to 

902
00:53:52,000 --> 00:53:55,000
overcome. 
I think it's an excuse and he's 

903
00:53:55,000 --> 00:53:58,200
not happy with this. 
Scope and the size of the 

904
00:53:58,200 --> 00:54:03,100
package and inflation is a 
convenient way to sort of raise 

905
00:54:03,200 --> 00:54:06,800
a flag and say, I'm not 
comfortable. 

906
00:54:06,900 --> 00:54:11,200
So we're going to go either 
smaller or we'll go later and if

907
00:54:11,200 --> 00:54:14,200
we do, I think that and we 
probably won't go at all. 

908
00:54:16,100 --> 00:54:20,400
I can't handle it you know and 
I'll tell you who else can't 

909
00:54:20,400 --> 00:54:22,500
handle it. 
All those people that came out 

910
00:54:22,500 --> 00:54:26,000
to vote for Biden. 
In this Democratic Congress last

911
00:54:26,000 --> 00:54:28,600
year 2020. 
A lot of them are going to stay 

912
00:54:28,600 --> 00:54:30,200
home. 
They're going to go. 

913
00:54:30,400 --> 00:54:33,000
Wow, I was promised this they 
would make this happen. 

914
00:54:33,100 --> 00:54:36,300
We gave them the majority of the
house, the Senate, and the White

915
00:54:36,300 --> 00:54:38,900
House. 
And now we don't get to see this

916
00:54:40,100 --> 00:54:42,700
now, you and I are going to vote
next year and the year after 

917
00:54:42,700 --> 00:54:48,900
that because that's we are. 
But a lot of people, you know, 

918
00:54:48,900 --> 00:54:51,800
we are, we usually have over 100
million adults, who do not vote.

919
00:54:52,300 --> 00:54:54,300
They're just going to go what I 
told. 

920
00:54:54,300 --> 00:54:58,300
You politicians, same old story.
No, I have no interest in 

921
00:54:58,300 --> 00:55:00,500
whatever they're doing and we 
lose. 

922
00:55:00,500 --> 00:55:04,500
We depress our vote the 
Democratic vote that the people 

923
00:55:04,500 --> 00:55:06,900
who vote for Democrats that it 
gets depressed next year. 

924
00:55:06,900 --> 00:55:10,700
And we lose, we lose the house 
with the Senate and Biden is an 

925
00:55:10,700 --> 00:55:12,400
island in the in the white 
house. 

926
00:55:12,400 --> 00:55:15,100
It's so critical to get this 
passed now. 

927
00:55:15,700 --> 00:55:17,700
And Ooh, I don't know what Biden
has to do, I don't know. 

928
00:55:17,700 --> 00:55:20,800
I mean, I know I'm old enough to
remember what Lyndon Johnson did

929
00:55:20,800 --> 00:55:24,600
when he had a cinema and in a 
mansion and they got invited to 

930
00:55:24,600 --> 00:55:27,600
the Oval Office, the they shut 
their doors, they lock them and 

931
00:55:27,700 --> 00:55:31,000
20 minutes later. 
The senator from Mississippi was

932
00:55:31,000 --> 00:55:32,700
voting for civil rights. 
Yeah. 

933
00:55:32,900 --> 00:55:37,500
Ah, you know remember when it 
when it was Georgia on the line 

934
00:55:37,700 --> 00:55:41,900
and voters in Georgia were told 
you delivered, Georgia and will 

935
00:55:41,900 --> 00:55:45,200
deliver the check right? 
Because there was this promise 

936
00:55:45,200 --> 00:55:49,400
that Made you give us this vote 
and you put us in charge? 

937
00:55:49,400 --> 00:55:52,800
And that money is headed your 
way without these two seats. 

938
00:55:53,000 --> 00:55:57,300
There is no next check for you 
and sure enough voters turned 

939
00:55:57,300 --> 00:56:00,400
out. 
We got the two seats in Georgia 

940
00:56:00,400 --> 00:56:03,900
and the checks went out and now 
because of a bill that was 

941
00:56:03,900 --> 00:56:06,200
Democrat. 
Only that one point, nine 

942
00:56:06,200 --> 00:56:10,100
trillion dollar package, this 
March that started sending you 

943
00:56:10,100 --> 00:56:11,900
know that expanded child tax 
credit. 

944
00:56:11,900 --> 00:56:14,100
That three hundred or two 
hundred and fifty dollars a 

945
00:56:14,107 --> 00:56:16,900
month that people are getting 
for their To help support their 

946
00:56:16,900 --> 00:56:20,600
families. 
That is because Democrats were 

947
00:56:20,600 --> 00:56:23,800
in charge there, that never 
happens without Democrats in 

948
00:56:23,800 --> 00:56:26,400
control and it ends at the end 
of this year. 

949
00:56:26,600 --> 00:56:29,700
So if people want to see those 
checks again, next year, there's

950
00:56:29,700 --> 00:56:33,300
only one way that happens. 
That's what the passage of build

951
00:56:33,300 --> 00:56:35,200
back better. 
It's in the build back better 

952
00:56:35,300 --> 00:56:37,600
and you know we can't control 
mansion and we can't control 

953
00:56:37,600 --> 00:56:39,600
Cinema. 
We most of us don't live in 

954
00:56:39,600 --> 00:56:43,900
their states so what do we do? 
I mean seriously what do we do? 

955
00:56:43,900 --> 00:56:47,700
Because I'm telling you right 
now people Sing to this in and a

956
00:56:47,700 --> 00:56:51,300
lot of other millions of others 
feel like the hand is to their 

957
00:56:51,300 --> 00:56:55,900
throat. 
And if we can't figure out 

958
00:56:55,900 --> 00:56:59,000
politically how to make this 
happen, how to get these votes. 

959
00:56:59,500 --> 00:57:01,400
First of all, what good are we 
number one. 

960
00:57:02,500 --> 00:57:05,900
Number two, there goes the house
in the Senate next year. 

961
00:57:06,400 --> 00:57:10,400
I will not let. 
That happen says me, I'm one 

962
00:57:10,400 --> 00:57:13,400
person, but I'm telling you that
is more where my head is at. 

963
00:57:13,800 --> 00:57:16,200
And, and I think I'm not alone. 
Alone. 

964
00:57:18,400 --> 00:57:22,400
Well, I'm sure not. 
It's just, you know, you turn on

965
00:57:22,400 --> 00:57:25,800
the news and you know what? 
People are being bombarded with 

966
00:57:25,800 --> 00:57:28,300
right now. 
It is story after story, after 

967
00:57:28,300 --> 00:57:34,900
Story of, you know, inflation, 
it's really becoming entrenched 

968
00:57:34,900 --> 00:57:38,700
in the narrative. 
And I think the mainstream media

969
00:57:38,700 --> 00:57:42,400
is playing this in a way, 
they're spinning this inflation 

970
00:57:42,400 --> 00:57:47,200
and tying it to the next round 
of the spending package. 

971
00:57:47,400 --> 00:57:50,600
And I think in People's minds. 
You're starting to see kind of 

972
00:57:50,600 --> 00:57:55,200
some support begin to slip and I
think we've got to do whatever 

973
00:57:55,200 --> 00:57:58,800
we can to help people understand
that this current bout of 

974
00:57:58,800 --> 00:58:03,100
inflation is in fact, temporary 
that this is not the new normal 

975
00:58:03,100 --> 00:58:05,200
in the United States of America 
or work. 

976
00:58:05,200 --> 00:58:08,200
And through these Supply chains,
the energy prices are going to 

977
00:58:08,200 --> 00:58:11,700
come down by early spring. 
I think people are going to be 

978
00:58:11,700 --> 00:58:15,700
seeing something very different 
at the pump and and a lot of 

979
00:58:15,700 --> 00:58:17,600
this is going to be in the 
rearview mirror but their 

980
00:58:17,600 --> 00:58:19,900
hypothetical Being this up. 
It's creating some fear and 

981
00:58:19,900 --> 00:58:23,200
anxiety in people and we just 
need a very strong 

982
00:58:23,200 --> 00:58:27,200
counter-narrative to keep people
focused on the opportunity. 

983
00:58:27,200 --> 00:58:30,300
We have to make these 
investments in our people, you 

984
00:58:30,300 --> 00:58:33,000
know, people are calling it, The
Kids Care and climate bill. 

985
00:58:33,300 --> 00:58:36,900
This is an opportunity to make 
investments in our people, in 

986
00:58:36,900 --> 00:58:40,800
our communities. 
And we shouldn't let it slip 

987
00:58:40,800 --> 00:58:48,000
through our fingers, out of an 
irrational, kind of fear of this

988
00:58:48,100 --> 00:58:51,100
Ian becoming entrenched in a 
part of our everyday life. 

989
00:58:51,100 --> 00:58:53,900
It's not going to happen. 
How do we, how are we able to 

990
00:58:53,900 --> 00:58:58,300
get overcome our own fears? 
Well, we it would be nice if 

991
00:58:58,300 --> 00:59:00,600
they would put someone on 
television other than Larry 

992
00:59:00,600 --> 00:59:03,100
Summers to communicate with the 
American people. 

993
00:59:03,100 --> 00:59:06,400
You know, all of these shows 
these producers have a choice to

994
00:59:06,400 --> 00:59:10,100
make, they get to decide which 
economists store expert to bring

995
00:59:10,100 --> 00:59:13,900
on to talk and and help the 
public understand some of these 

996
00:59:13,900 --> 00:59:15,700
things. 
But inevitably, it seems to me 

997
00:59:15,700 --> 00:59:19,400
and I watch a fair bit of this 
stuff because I'm trying to keep

998
00:59:19,900 --> 00:59:22,500
a sense of where the whole 
narrative is going. 

999
00:59:22,500 --> 00:59:26,000
It just seems to me that there's
a lot of hype out there. 

1000
00:59:26,100 --> 00:59:29,100
Ooh, this inflation stuff. 
They're not bringing on many 

1001
00:59:29,100 --> 00:59:32,600
people who could speak in a more
level-headed way about where we 

1002
00:59:32,600 --> 00:59:37,000
are and why this is really 
pandemic induced and related to 

1003
00:59:37,000 --> 00:59:40,200
the bottlenecks. 
And you know the sort of growing

1004
00:59:40,200 --> 00:59:44,300
pains it Michael in a lot of 
ways it's it's a good problem to

1005
00:59:44,300 --> 00:59:47,300
have and it doesn't sound. 
I know it's not good. 

1006
00:59:47,300 --> 00:59:50,800
If you're struggling to, you 
know, pay to fill up the tank 

1007
00:59:50,800 --> 00:59:56,900
but compared to the alternative 
to an economy that That was 

1008
00:59:57,100 --> 01:00:00,500
looked more like it did last 
October, we don't want to be 

1009
01:00:00,500 --> 01:00:02,400
there. 
We're much better off where we 

1010
01:00:02,400 --> 01:00:07,000
are today and some of the pain 
associated with higher prices at

1011
01:00:07,000 --> 01:00:11,000
the pump and a paying a bit more
for food and so forth, it is 

1012
01:00:11,000 --> 01:00:13,800
going to Abate. 
We are going to have a much 

1013
01:00:13,800 --> 01:00:17,000
better stronger economy. 
If we get this next package, 

1014
01:00:17,000 --> 01:00:19,600
we're going to have a stronger 
social safety net to go with it.

1015
01:00:19,600 --> 01:00:23,400
One last question, the CBO 
thing, this score, that mansion 

1016
01:00:23,400 --> 01:00:26,100
and Cinema say, they're waiting 
on some some even some A 

1017
01:00:26,107 --> 01:00:29,400
moderate so-called moderate 
Democrats in Congress in the 

1018
01:00:29,400 --> 01:00:31,800
house. 
They want the score from the 

1019
01:00:31,800 --> 01:00:34,900
Congressional budget office to 
tell them, you know, is this 

1020
01:00:34,900 --> 01:00:36,900
paid for? 
Are we going to go into further 

1021
01:00:36,900 --> 01:00:39,300
debt? 
What is this? 

1022
01:00:39,700 --> 01:00:43,800
And what what is the CBO is a 
CBL going to block this by 

1023
01:00:43,800 --> 01:00:46,800
coming up with some crazy thing?
Well, I don't know. 

1024
01:00:46,900 --> 01:00:50,300
Is the answer to the question? 
I think that the White House has

1025
01:00:50,300 --> 01:00:55,200
been saying for a week or so 
that they are confident they're 

1026
01:00:55,200 --> 01:00:57,700
confident that the Congressional
budget office, which is 

1027
01:00:57,700 --> 01:01:02,000
basically you know the score 
keeper who will take a look at 

1028
01:01:02,000 --> 01:01:04,600
the build back better act they 
are in fact looking at it and 

1029
01:01:04,607 --> 01:01:08,200
there they say they will have a 
score by the end of the day. 

1030
01:01:08,400 --> 01:01:12,800
Day. 
And so their job is to take a 

1031
01:01:12,808 --> 01:01:17,800
look at everything, Congress is 
proposing to do and to project 

1032
01:01:17,800 --> 01:01:21,600
the impact of all of that on the
federal budget. 

1033
01:01:21,600 --> 01:01:24,400
In other words, will it add to 
the deficit? 

1034
01:01:24,400 --> 01:01:28,000
If it does by, how much? 
And that's, that's the way they 

1035
01:01:28,000 --> 01:01:31,100
evaluate legislation. 
They don't say how much good 

1036
01:01:31,100 --> 01:01:34,600
will this do for our climate, 
for our kids for our future? 

1037
01:01:34,600 --> 01:01:36,300
That's not what they're asked to
do. 

1038
01:01:36,500 --> 01:01:38,700
They're just asked to tell tell 
Congress. 

1039
01:01:38,700 --> 01:01:42,000
What number is going to fall out
of the budget box at the end of 

1040
01:01:42,000 --> 01:01:45,100
the year, for the next 10 years,
and add that up and give it a 

1041
01:01:45,107 --> 01:01:48,400
score. 
So from my perspective, this is 

1042
01:01:48,400 --> 01:01:52,400
about the least useful thing. 
You could ask someone to do in 

1043
01:01:52,400 --> 01:01:55,300
terms of advising you on major 
legislation. 

1044
01:01:55,400 --> 01:02:00,500
I tell me tell me how it tell me
how it impacts the budget that 

1045
01:02:00,500 --> 01:02:03,300
is an important question. 
Tell me how it impacts the 

1046
01:02:03,300 --> 01:02:06,200
broader economy. 
Tell me how it impacts the 

1047
01:02:06,200 --> 01:02:08,000
number of kids living in 
poverty. 

1048
01:02:08,300 --> 01:02:10,600
Tell me how it impacts our 
communities. 

1049
01:02:10,600 --> 01:02:14,600
And the number of people who are
able to get an education, who 

1050
01:02:14,600 --> 01:02:17,100
are able to get the health care,
they need and so forth and so 

1051
01:02:17,100 --> 01:02:20,800
on, that's not, that's not the 
objective here. 

1052
01:02:21,000 --> 01:02:26,300
So, yeah, Congress has asked the
CBO, they created the 

1053
01:02:26,300 --> 01:02:29,200
Congressional budget office, 
they gave them this job. 

1054
01:02:29,200 --> 01:02:31,400
So it's a product of their own 
creation. 

1055
01:02:31,800 --> 01:02:37,600
And, you know, they may, well, 
come back with a score that 

1056
01:02:37,600 --> 01:02:41,700
gives The moderates as you said 
in the house or people like 

1057
01:02:41,700 --> 01:02:46,300
Cinema and mansion and an 
opportunity to say it's because 

1058
01:02:46,300 --> 01:02:49,300
of the score that I can't bring 
myself to vote for this. 

1059
01:02:50,200 --> 01:02:52,800
Wow. 
So now we're on pins and needles

1060
01:02:52,900 --> 01:02:55,100
until tomorrow Friday night. 
Yeah. 

1061
01:02:55,100 --> 01:02:57,300
But what would Republicans do? 
You know? 

1062
01:02:57,300 --> 01:02:59,100
That's the difference? 
You're good. 

1063
01:02:59,100 --> 01:03:02,000
If CBO comes out with a score 
and they did this, they did this

1064
01:03:02,000 --> 01:03:05,700
with the Trump tax cuts CBO 
scored that legislation came out

1065
01:03:05,700 --> 01:03:08,100
with a score in the Republican 
said, oh you're wrong. 

1066
01:03:08,400 --> 01:03:13,100
It pays for itself CBO said it 
would add a little over 1.4 

1067
01:03:13,100 --> 01:03:16,900
trillion to deficits over 10 
years and then they revised it 

1068
01:03:16,900 --> 01:03:20,700
up to one point nine trillion. 
So call it 2 trillion and 

1069
01:03:20,700 --> 01:03:22,300
Republicans just laughed at 
them. 

1070
01:03:22,400 --> 01:03:25,400
They said I don't know what 
you're smoking over there at the

1071
01:03:25,408 --> 01:03:28,300
CBO because this thing pays for 
itself. 

1072
01:03:28,400 --> 01:03:31,600
You guys are you're doing funny 
math over there. 

1073
01:03:31,600 --> 01:03:34,900
Democrats tend not to play like 
that, right? 

1074
01:03:34,900 --> 01:03:38,100
They they don't play to win in 
the same way that Republicans 

1075
01:03:38,200 --> 01:03:42,200
Publicans usually do. 
I lying basically what you're 

1076
01:03:42,200 --> 01:03:45,800
saying, right, Democrats, no 
matter what, anybody thinks that

1077
01:03:45,800 --> 01:03:48,200
I am, or how you wish they do, 
more better, whatever they do 

1078
01:03:48,200 --> 01:03:50,900
have a hard time when it comes 
right down to the numbers of 

1079
01:03:51,500 --> 01:03:54,100
just saying, what are you 
talking about? 

1080
01:03:54,100 --> 01:03:57,200
That's not a to, that's a three.
What do you want to harm? 

1081
01:03:57,200 --> 01:03:59,300
What are you talking about? 
What, what caught, what climate 

1082
01:03:59,300 --> 01:04:04,800
change, they show deference and 
reverence and for norms and 

1083
01:04:04,800 --> 01:04:06,700
things in ways that Republicans 
don't. 

1084
01:04:06,700 --> 01:04:10,300
But I think the bigger problem 
is You know it is quite 

1085
01:04:10,300 --> 01:04:14,800
reasonable to say we're going to
ignore this score because we're 

1086
01:04:14,800 --> 01:04:18,500
not going to let a projection of
what might happen over the next 

1087
01:04:18,500 --> 01:04:22,000
10 years where we all know that 
nobody knows what's going to 

1088
01:04:22,000 --> 01:04:25,800
happen over the next 10 years. 
This is just your best guess and

1089
01:04:25,800 --> 01:04:29,900
our priority is and we are laser
focused on meeting the needs of 

1090
01:04:29,908 --> 01:04:33,500
the American people making these
Investments, and so thank you 

1091
01:04:33,600 --> 01:04:36,700
for the score. 
But we're going to say laser 

1092
01:04:36,700 --> 01:04:40,100
focused on delivering for the 
When people Stephanie Kelton, 

1093
01:04:40,200 --> 01:04:44,800
thank you so much for being on 
Rumble with us here today. 

1094
01:04:45,200 --> 01:04:48,400
And I encourage everybody who's 
listening to do their part to 

1095
01:04:48,400 --> 01:04:51,100
let the White House to let your 
representatives know how you 

1096
01:04:51,100 --> 01:04:55,700
feel about these issues. 
Don't forget Stephanie's book 

1097
01:04:55,700 --> 01:05:00,100
latest book, the deficit myth 
modern, monetary Theory and the 

1098
01:05:00,100 --> 01:05:03,300
birth of the people's economy. 
And I know what you're saying to

1099
01:05:03,300 --> 01:05:05,600
yourself. 
Mike, this is not what we're 

1100
01:05:05,600 --> 01:05:08,400
going to do on Friday night. 
Read about modern monetary 

1101
01:05:08,500 --> 01:05:10,200
Theory, I'm telling you my 
friends. 

1102
01:05:10,700 --> 01:05:12,600
If you do, you'll have a much 
better. 

1103
01:05:12,600 --> 01:05:15,100
Saturday? 
I'm not kidding. 

1104
01:05:15,800 --> 01:05:18,300
Thank you so much. 
Stephanie and your sub stack by 

1105
01:05:18,300 --> 01:05:20,300
Ranch spawn. 
Point out again, is called the 

1106
01:05:20,300 --> 01:05:25,400
lens with Stephanie Kelton ke L 
tion and you can get it by just 

1107
01:05:25,400 --> 01:05:30,100
simply going and typing in, in 
at the most of us are free, but 

1108
01:05:30,100 --> 01:05:33,100
you can subscribe and support 
stuff, and you and her work. 

1109
01:05:33,400 --> 01:05:36,700
And if you are a producer for 
the any Cable News Network, 

1110
01:05:37,000 --> 01:05:39,800
please we'd like to see some 
Nobody other than Larry Summers 

1111
01:05:39,800 --> 01:05:44,300
on the shows and I know 
Stephanie is very busy but I'm 

1112
01:05:44,300 --> 01:05:47,600
sure she would like to talk to 
the American people about some 

1113
01:05:47,600 --> 01:05:50,200
of the stuff in a way that we're
not being talked to Stephanie. 

1114
01:05:50,200 --> 01:05:55,400
Kelton dotsub stack.com, is how 
you go to her writings. 

1115
01:05:55,600 --> 01:05:58,600
Thank you very much, Stephanie, 
and keep up the very important 

1116
01:05:58,600 --> 01:06:01,100
work that you're doing. 
Thank you so much, Michael take 

1117
01:06:01,100 --> 01:06:02,700
care of yourself. 
All right you too. 

1118
01:06:02,700 --> 01:06:06,400
Bye-bye, bye-bye. 
Well that was all very 

1119
01:06:06,400 --> 01:06:08,300
interesting. 
Please share this with people. 

1120
01:06:08,500 --> 01:06:13,200
This is important information. 
We need to not be connived into 

1121
01:06:13,200 --> 01:06:15,800
thinking that this inflation 
situation. 

1122
01:06:15,800 --> 01:06:19,200
We're in is something that it 
isn't and really appreciate 

1123
01:06:19,200 --> 01:06:22,500
everything Stephanie shared with
us about that and and we need to

1124
01:06:22,500 --> 01:06:24,500
get this other human 
infrastructure. 

1125
01:06:24,500 --> 01:06:27,300
Bill passed. 
We can't let put this off until 

1126
01:06:27,300 --> 01:06:29,700
after January this has to happen
right now friends. 

1127
01:06:30,200 --> 01:06:32,000
And you must have your voices 
heard. 

1128
01:06:32,300 --> 01:06:35,500
So thank you for tuning in to 
rumble today. 

1129
01:06:35,800 --> 01:06:40,200
Don't forget to send me your 
Asks for Thanksgiving dinner 

1130
01:06:40,300 --> 01:06:43,000
conversation. 
How to handle the trumpster at 

1131
01:06:43,000 --> 01:06:45,400
the table. 
Write me at my Kitt Michael 

1132
01:06:45,400 --> 01:06:48,900
more.com or leave a voicemail on
the link here on the description

1133
01:06:48,900 --> 01:06:51,900
page and ask me what you want to
ask me. 

1134
01:06:51,900 --> 01:06:56,200
And I will on our podcast here, 
the beginning of Thanksgiving 

1135
01:06:56,200 --> 01:07:01,600
week, I will share with you my 
advice as to how to handle the 

1136
01:07:01,600 --> 01:07:04,500
craziness at the Thanksgiving 
Day table. 

1137
01:07:04,800 --> 01:07:05,600
All right. 
My friends. 

1138
01:07:05,600 --> 01:07:09,500
Thanks to our executive producer
bezel Hamden, Our editor and 

1139
01:07:09,500 --> 01:07:11,000
sound engineer. 
Nick quos. 

1140
01:07:11,000 --> 01:07:15,900
Our jack-of-all-trades, Donald 
Bornstein, our researcher and 

1141
01:07:15,900 --> 01:07:18,000
overall good guy, Harrison 
Malkin. 

1142
01:07:18,500 --> 01:07:21,800
And to all of you who've been 
with us here, now in these 

1143
01:07:21,800 --> 01:07:26,300
almost two years of Rumble with 
Michael Moore greatly appreciate

1144
01:07:26,300 --> 01:07:28,700
it. 
We have a lot of work to do so 

1145
01:07:28,700 --> 01:07:36,300
let's get busy take care. 
Everyone twice as Verity. 

1146
01:08:12,200 --> 01:08:13,500
These questions.