WEBVTT

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ever feel like you're just drowning in news?

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Like, you can't even keep up, let alone figure

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out what actually matters. Yeah, it's a lot.

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Well, that's exactly why we're here today. For

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this deep dive, we're cutting through all the

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noise and getting straight to the core of it

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all. We're looking at everything that's happened

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recently through two really important lenses.

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The immediate political fallout, of course. But

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also, what kind of signals are we getting from

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economic forecasts? Exactly. So we've got a really

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fascinating set of sources for this one. We're

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going to be looking at some in -depth political

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analysis, but we've also got the latest economic

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outlook from BNY Mellon, a huge financial institution.

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Having these different perspectives, like you

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said, is key to figuring out the big picture.

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Absolutely. So our mission today is to understand

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what are the real consequences, both politically

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and economically, from recent events? And what

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could they mean for us in the near future? What

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are the actual impacts that we should be watching

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out for? Exactly. So let's jump right in. There's

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this whole thing that's been dubbed Whiskey Leaks

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Online. Which is pretty catchy, I gotta say.

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Yeah, it's very memorable. It really is. And

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this signal message scandal, I mean, it just

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keeps going. Doesn't seem like it's gonna fade

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away anytime soon. No, it really doesn't. Especially

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with this Judge Boasberg. Oh, yeah. Remember

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him from the Venezuelan deportation cases? Sure

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do. Well, he's now ordered the administration

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to preserve all of those messages from the group

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of 18. Ooh, putting them between a rock and a

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hard place. Right, because now they risk being

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held in contempt of court if they don't... comply

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or release information that is already causing

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some serious public relations issues. Yeah, public

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relations nightmare. For sure. But it is really

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telling that there is significant concern across

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party lines. There was this YouGov poll. Oh,

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right. And a full 74 % overall. And this is important.

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Even 60 % of Republicans view this as a serious

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matter. So even within the GOP base, there's

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a line they won't cross. It seems like Whiskey

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Leaks has crossed it. This isn't just like partisan

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bickering. This is a wider unease about how things

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are run. It really seems that way. So while all

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the legal stuff is happening, journalists are

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uncovering even more layers to this whole thing.

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So Willamette Week reported that Joe Kent, and

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this is wild, Joe Kent, who has been nominated

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to be the director of the National Counterterrorism

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Center, So he's the intended person, but hasn't

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gone through the full Senate confirmation. He

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was part of this text chain before his nomination

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was even confirmed. So that raises some very

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serious legal questions about access to information,

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timelines, all that kind of thing. Right, like

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who had access to what information and when.

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Exactly. And if we try to connect that back to

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the bigger picture of governance and security,

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it really brings up this need. to have proper

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protocols in place. Absolutely. When you have

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individuals who haven't gone through official

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vetting yet, and they have access to this kind

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of sensitive communication, it just creates so

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much risk. Yeah. And then there's Spiegel International.

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They went deep into data security around all

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of this and found some wild stuff, like truly

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remarkable. It turns out that a lot of the key

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figures in this, we're talking Mike Waltz, national

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security advisor, Tulsi Gabbard. Director of

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National Intelligence, Pete Hegseth, Secretary

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of Defense. Wow, big players. Had major vulnerabilities

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in their personal data security. Like what? Like

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their phone numbers. OK. Their personal emails.

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Right. Even passwords. Wow. All revealed through

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publicly available info. I mean, it really makes

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you think about the judgment of the people in

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these roles. It does. You know, if they can't

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keep basic personal data safe, how can we expect

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them to protect? sensitive government info. Yeah,

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I mean, you'd think the National Security Advisor

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would be a little more careful with his phone

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number, you know. I don't think so. So legally

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speaking, it's still not likely that AG Pam Bondi

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is going to go for criminal charges. But that

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PR damage, I mean, that seems unavoidable. And

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remember that YouGov poll, that public concern

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is showing up in the polls. It is. Walz and Hegseth,

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their favorability ratings are down, and even

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Trump's approval is taking a hit. And speaking

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of Trump, his stance on Mike Walz has been...

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Well, let's just say evolving. Evolving. He went

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from defending Waltz to, oh, yeah, I always had

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my doubts about Mike. So it sounds like there's

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a real effort in the West Wing to push Waltz

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out. Really? And here's something really interesting.

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Jeffrey Goldberg's phone number was on Waltz's

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phone. Now, remember Trump. hates Goldberg, especially

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after all that reporting on the war dead. Right.

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So that little detail could be a huge factor

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in Wallace's downfall. Trump could see that as

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a total betrayal. Yeah, it's like the fact that

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it was that name is almost more important than

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the carelessness itself. It seems like it. So

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switching gears a bit, but still in the realm

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of unexpected political moves, we have Elise

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Stefanik's nomination for UN ambassador. Yeah.

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Suddenly withdrawn. Now, this has got to be a

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big setback for Stefanic. Yeah. I mean, that

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UN role would have raised her profile significantly.

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It would have. Given her some serious foreign

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policy experience. I think a lot of people saw

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it as a stepping stone to even bigger things.

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And to lose out on that, especially after giving

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up her House leadership position, it leaves her

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in a really tough spot. So what happened? Well,

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some analysis points to the upcoming special

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elections in Florida. Right. Right. That poll

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in FL 06 showing Randy Fine in a much tighter

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race than expected, even in a district that's

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historically Republican, I mean, that has to

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be setting off some alarm bells. Yeah, because

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if we connect that to the fact that the Republican

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majority in the House is already razor thin,

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any loss is a big problem. Right. And then on

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top of that, what if Republican voters see a

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close call or an actual loss as a result of supporting

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Trumpism? Oh, interesting. Then you might see

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more moderate GOP members in those swing districts.

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distance themselves from Trump, even vote against

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the party line. Yeah. And then you have the recent

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loss in that R -plus -15 state Senate district

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in Pennsylvania. It really shows that no seat

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is safe right now. No seat is safe at all. And

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Stefanik's own district, NY -21, is R -plus -8.

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Right. If she left for the UN and that seat flipped,

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we could end up with an evenly split house. So

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that scenario, maybe not the most likely outcome,

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but it's a big enough risk that the administration

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can't ignore it. Yeah. So Stefanik, despite all

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her loyalty to the former president, is just

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another example of political expediency. Wow.

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So let's move on to what some are calling a war

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on federal employees. War on federal employees.

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Yeah, it looks like there's a longer term strategy

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here. And it seems to be driven by people like

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Musk and Trump. OK. And they want to shrink the

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federal workforce. By a lot. And the tactic might

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not actually be to win the legal battles that

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are inevitably going to come up when they try

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to do this. Oh, interesting. Instead, the goal

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might be to make it so hard and so costly to

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fight back against job losses that people will

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just give up and quit. Ah, clever. So even if

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the courts later on side with the employees and

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order them to get their jobs back, the damage

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is already done. Exactly. The disruption, the

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uncertainty. It's already achieved the goal of

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cutting the workforce. That's pretty devious.

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Right. We're already seeing some of this happening.

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Oh, really? HHS under Robert F. Kennedy Jr. announced

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plans to get rid of 10 ,000 jobs. 10 ,000. 10

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,000. That's a lot. It is. But what's interesting

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is that the commentary we're seeing suggests

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that this is more about PR and trying to weaken

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the agency's ability to do its job. It's not

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about actual reform. So it's different from how

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real reform usually happens, which is more phased.

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You know, they follow the existing legal frameworks

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and they usually rely more on natural attrition,

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like retirements and resignations, not mass firings.

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Yeah. The scale and the suddenness of these cuts

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make it seem like there's something else going

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on here, something more political. I see. And

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then there's Trump's executive order. This one

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is targeting federal employee unions and it's

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going after their ability to do collective bargaining.

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Wow. Now the whole basis of this order rests

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on what they're calling a novel interpretation

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of the Civil Service Reform Act of 1978. 1978.

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1978. That's a while ago. It is. So what was

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that act about? It was supposed to establish

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merit -based hiring and provide certain protections

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for federal employees. Okay. But this new interpretation

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basically claims that any kind of union activity

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automatically interferes with how the government

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works. So it's a very broad stroke. Very broad

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and very aggressive. It wants to really cripple

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the power of federal employee unions. And it's

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interesting. The analysis raises the question

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of whether union leaders who supported Trump

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before, like the head of the Teamsters, will

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they wake up to this attack on their members'

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rights? That's a good question. A very good question.

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So let's talk about another area where we're

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seeing what's being called a war on women. Oh,

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no. Specifically when it comes to abortion rights.

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Right. And there are some really worrying things

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happening. Like what? Like what's going on in

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Texas with AG Ken Paxton? Yeah, what's he doing?

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He's trying to punish an OBGYN who's not even

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in Texas. Oh, wow. For providing abortion pills.

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What? And legally it's questionable whether Texas

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law even applies to actions taken in another

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state. Yeah, that seems a little shaky. Right.

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But Paxton managed to get a judgment from a Texas

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court, and now he's trying to enforce it in New

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York. And are they going for it? No. New York

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is refusing to comply, which they should. This

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seems more about making a political statement

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than any real legal action. It really does. And

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then there's Georgia. They're thinking about

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a near total abortion ban. A near total ban.

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Yeah. And the analysis really emphasizes the

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negative impact these kinds of laws have on maternal

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health. Like, doctors may hesitate to do what

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they need to do even if the mother's life is

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in danger. Because they're afraid of getting

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in trouble. Exactly. Yeah. But the most shocking

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story is this case in Georgia. This woman was

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arrested after she had a miscarriage. Oh my gosh.

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And the coroner's report confirmed it was natural

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and that the fetus was not viable. But they still

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arrested her. What? They charged her with concealing

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the death of another person and abandonment of

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a dead body. That's awful. And she's still being

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detained. It's really disturbing. It shows this

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dangerous trend of how miscarriages are being

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viewed and how they're being criminalized. I

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mean, the commentary makes a really good point

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here. Even people who oppose abortion, most of

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them believe in exceptions for rape, incest,

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or when the mother's life is in danger. Yeah,

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that's pretty standard. They don't want to imprison

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women who've gone through a miscarriage. It's

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tragic. These cases suggest that there's a much

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more extreme, even inhumane agenda at play. Absolutely.

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And it forces us to think about whether what

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the anti -choice movement says it wants actually

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matches up with what's actually happening because

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of their policies. Because when you have policies

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that criminalize doctors, put women's health

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at risk, and threaten to jail women who have

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miscarriages, I mean that's a war on women. It

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is. Now let's switch gears again and talk about

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the power of visuals. Okay. Seeing is believing.

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Right. And we're seeing some strong video evidence

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that's really shaping how people view things.

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Like what? Like the administration's approach

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to immigration. OK. So DHS Secretary Kristi Noem,

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she went on this trip to El Salvador and it was

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all filmed. And she's using these deported Venezuelans

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as a backdrop while she's criticizing immigrants.

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Wow. Now the administration labeled these people

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as gang members. Right. But there's often not

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much proof to back that up. And there have already

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been legal challenges to these. So to use them

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as props this way, especially if they can be

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considered prisoners of war under the Geneva

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Conventions because of that making war justification

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they use for the deportation. Right. It raises

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serious ethical and maybe even legal questions.

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It really does. And then we're seeing this increasing

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trend of targeting Muslim grad students. What

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do you mean? We've seen the arrest of this Iranian

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national visas revoked for hundreds of others.

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Wow. But it's the footage of Ramesa Ozturk's

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arrest in Boston that's really sparked outrage.

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What happened? So they arrested her for, get

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this, allegedly glorifying and supporting terrorists

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based on an op -ed she co -authored in her college

00:12:28.120 --> 00:12:31.500
newspaper. OK. And the op -ed was pro -Palestine.

00:12:31.519 --> 00:12:33.340
Oh, wow. And you see the video. She's arrested

00:12:33.340 --> 00:12:36.159
by multiple plainclothes individuals. Oh, that's

00:12:36.159 --> 00:12:38.659
got to be terrifying. It is. I mean, people immediately

00:12:38.639 --> 00:12:41.539
thought it was a kidnapping. I bet. And the analysis

00:12:41.539 --> 00:12:46.299
here connects these arrests directly to an attempt

00:12:46.299 --> 00:12:49.399
to shut down dissent on college campuses. It

00:12:49.399 --> 00:12:52.059
reminds us of how student protests have affected

00:12:52.059 --> 00:12:55.159
administrations in the past. Yeah, but like the

00:12:55.159 --> 00:12:57.840
commentary said, this kind of heavy -handed approach

00:12:57.840 --> 00:13:00.740
can actually backfire. How so? Well, it can lead

00:13:00.740 --> 00:13:03.419
to even bigger and louder protests once people

00:13:03.419 --> 00:13:04.980
see what's happening. And we're already seeing

00:13:04.980 --> 00:13:07.840
that in Boston. That's true. Whether this strategy

00:13:07.840 --> 00:13:10.139
of silencing free speech will actually work in

00:13:10.139 --> 00:13:12.559
the long run, that's debatable. Right, because

00:13:12.559 --> 00:13:15.559
as the commentary suggests, these actions can

00:13:15.559 --> 00:13:18.019
lead to more anger. The dissent spreads wider.

00:13:18.139 --> 00:13:20.740
It could reach a breaking point. It could. And

00:13:20.740 --> 00:13:23.320
the video evidence in Osterk's case has really

00:13:23.320 --> 00:13:25.960
galvanized people. It sparked a huge public response.

00:13:26.240 --> 00:13:28.299
It has. So let's move on to what the analysis

00:13:28.299 --> 00:13:32.100
calls schadenfreude. Schadenfreude. Yep. focusing

00:13:32.100 --> 00:13:35.320
on Vice President J .D. Vance. Oh, Vance? Remember

00:13:35.320 --> 00:13:38.019
his photo op in Greenland? Oh, yeah. Didn't exactly

00:13:38.019 --> 00:13:40.440
go to plan? No, it did not. The Greenlanders

00:13:40.440 --> 00:13:42.659
were actually open to meeting with his wife at

00:13:42.659 --> 00:13:46.049
first. Oh, really? But then as soon as... Vance

00:13:46.049 --> 00:13:48.629
was added to the itinerary. They withdrew all

00:13:48.629 --> 00:13:51.549
the invitations. Wow. They saw it as a propaganda

00:13:51.549 --> 00:13:54.710
stunt. Ouch. They felt like it was about promoting

00:13:54.710 --> 00:13:56.690
the idea that Greenland wants to join the US,

00:13:56.769 --> 00:13:58.889
not about building any real connection. Yeah,

00:13:59.049 --> 00:14:01.129
about a good look. Not at all. And this ties

00:14:01.129 --> 00:14:04.529
into a larger skepticism about Vance taking over

00:14:04.529 --> 00:14:07.289
the so -called Meggie throne. So people don't

00:14:07.289 --> 00:14:10.389
see him as the heir apparent. Not really. And

00:14:10.389 --> 00:14:12.870
the analysis outlines three reasons why. OK,

00:14:12.950 --> 00:14:15.289
I'm listening. First, there's this perception

00:14:15.289 --> 00:14:18.330
of him being weird. Weird? Yeah. And whether

00:14:18.330 --> 00:14:21.190
that image fits with what Trump wants in a successor.

00:14:21.350 --> 00:14:23.330
Right. Then there's the fact that Vance has shown

00:14:23.330 --> 00:14:25.230
some independent thinking. Remember his involvement

00:14:25.230 --> 00:14:27.429
in the signal chat? Yeah, yeah. And then there's

00:14:27.429 --> 00:14:29.070
this interesting point. As a vice president,

00:14:29.230 --> 00:14:32.100
he's basically unfireable. He is. So there's

00:14:32.100 --> 00:14:34.220
that lack of leverage. Yeah. Especially when

00:14:34.220 --> 00:14:36.720
you think about how the former president likes

00:14:36.720 --> 00:14:39.460
to operate. Yeah, good point. And then there's

00:14:39.460 --> 00:14:42.379
a comparison to Mike Pence's time as VP. OK,

00:14:42.440 --> 00:14:44.740
I see where you're going with this. Vance is

00:14:44.740 --> 00:14:47.159
already getting assigned these kind of embarrassing

00:14:47.159 --> 00:14:49.759
tasks like the Greenland trip. It's like they're

00:14:49.759 --> 00:14:52.720
sidelining him. It seems that way. So to finish

00:14:52.720 --> 00:14:54.820
up, let's talk about something the analysis calls

00:14:54.820 --> 00:14:58.360
Freud and Freud. This time, it's about the Unification

00:14:58.360 --> 00:15:01.139
Church of Japan. The Unification Church. Yeah.

00:15:01.519 --> 00:15:03.919
And there have been some interesting developments.

00:15:04.240 --> 00:15:07.279
Ro, tell me in. So it's been almost three years

00:15:07.279 --> 00:15:10.700
since Shinzo Abe was assassinated. And the assassin

00:15:10.700 --> 00:15:13.259
explicitly stated that he do it because of the

00:15:13.259 --> 00:15:15.139
unification church. Right. He said they were

00:15:15.139 --> 00:15:17.740
financially exploiting his family and that they

00:15:17.740 --> 00:15:20.820
had deep ties to the LDP, the Liberal Democratic

00:15:20.820 --> 00:15:23.419
Party, which is the ruling party. Right. Right.

00:15:23.639 --> 00:15:25.340
I remember this. So what's crazy is that the

00:15:25.340 --> 00:15:27.480
Japanese government actually investigated these

00:15:27.480 --> 00:15:29.799
claims. Wow. They took it seriously. They did.

00:15:30.039 --> 00:15:33.080
And they found out it was all true. No way. Yeah.

00:15:33.279 --> 00:15:36.600
So the government took legal action against the

00:15:36.600 --> 00:15:39.200
Unification Church. Good for them. And they won

00:15:39.200 --> 00:15:41.080
in court. So now the church is going to lose

00:15:41.080 --> 00:15:43.460
its tax exempt status, and they have to give

00:15:43.460 --> 00:15:45.460
back all the money they got through these shady

00:15:45.460 --> 00:15:48.320
practices. So justice was served. It seems like

00:15:48.320 --> 00:15:51.120
it. And it's important to note that this isn't

00:15:51.120 --> 00:15:53.000
the first time the Japanese government has had

00:15:53.000 --> 00:15:55.240
to step in and deal with a religious group that

00:15:55.240 --> 00:15:57.820
was abusing its power and exploiting people.

00:15:57.840 --> 00:16:00.940
Oh, really? The analysis mentions two other times

00:16:00.940 --> 00:16:02.960
where they had to do something similar. And it's

00:16:02.960 --> 00:16:05.220
worth remembering that the Unification Church

00:16:05.220 --> 00:16:07.679
has a history of getting close to Republican

00:16:07.679 --> 00:16:10.120
presidents in the U .S. Interesting. With the

00:16:10.120 --> 00:16:13.360
exception of Gerald Ford, of course. So as we

00:16:13.360 --> 00:16:15.919
wrap up this deep dive, it's really clear that

00:16:15.919 --> 00:16:18.039
all of these political things happening aren't

00:16:18.039 --> 00:16:21.019
happening in a vacuum. They're totally tied to

00:16:21.019 --> 00:16:23.980
the bigger economic picture. And the policies

00:16:23.980 --> 00:16:26.279
being made are creating a lot of uncertainty

00:16:26.279 --> 00:16:28.980
about the future. What's really fascinating to

00:16:28.980 --> 00:16:32.700
me is how disconnected it all seems. We have

00:16:33.019 --> 00:16:35.419
these political actions like increasing tariffs,

00:16:35.419 --> 00:16:38.019
going after federal employees, cracking down

00:16:38.019 --> 00:16:40.360
on abortion rights. But then you look at the

00:16:40.360 --> 00:16:43.480
economic forecasts. A lot of them are predicting

00:16:43.480 --> 00:16:46.700
slower economic growth, higher inflation. Which

00:16:46.700 --> 00:16:49.279
are a direct result of those policies. Exactly.

00:16:49.360 --> 00:16:51.779
So it makes you wonder about the long -term consequences

00:16:51.779 --> 00:16:54.179
of all these interconnected trends. It really

00:16:54.179 --> 00:16:56.559
does. I mean, we're seeing norms being eroded,

00:16:57.019 --> 00:16:59.620
the real effects of trade policies, the political

00:16:59.620 --> 00:17:02.080
landscape shifting. Yeah. It makes you wonder

00:17:02.080 --> 00:17:04.339
what... expected things might happen because

00:17:04.339 --> 00:17:06.759
of all of this. It really does. What's going

00:17:06.759 --> 00:17:08.359
to come out of this mess that we haven't even

00:17:08.359 --> 00:17:10.700
thought of yet? Yeah, it's definitely something

00:17:10.700 --> 00:17:12.940
we all need to keep in mind as we figure out

00:17:12.940 --> 00:17:16.039
how to navigate the days ahead. Absolutely. Thanks

00:17:16.039 --> 00:17:18.160
for joining us on this deep dive. We'll see you

00:17:18.160 --> 00:17:19.019
next time. See you next time.
