Latest / The Ben Ferguson Podcast / Senate Showdown Adds Fuel to Iran Deal Controversy

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Senate Showdown Adds Fuel to Iran Deal Controversy · The Ben Ferguson Podcast

• 0:00
  Speaker 1: So many of you are asking the same question that
• 0:02
  Speaker 1: I've been asked. And I was in Washington, d C.
• 0:05
  Speaker 1: I saw the Senate Majority Leaner Thune and several other
• 0:08
  Speaker 1: elected officials, all of them kind of having the same conversation.
• 0:12
  Speaker 2: What is actually in this deal?
• 0:14
  Speaker 1: Senator Cruz and I sat down to talk about exactly that,
• 0:17
  Speaker 1: what's in the deal and should you be concerned. There's
• 0:20
  Speaker 1: also a lot of disinformation coming out of Tehran that's
• 0:23
  Speaker 1: being reported on the US like it is fact. We're
• 0:26
  Speaker 1: going to break all that down for you right now.
• 0:29
  Speaker 1: It was a very interesting day. I was in DC
• 0:32
  Speaker 1: and I was in Fox in the green room, and
• 0:35
  Speaker 1: there was a lot of activity with this Iran deal.
• 0:38
  Speaker 1: I was doing a couple of different shows and everybody
• 0:40
  Speaker 1: was trying to figure out are we excited about the deal?
• 0:44
  Speaker 2: Are we not?
• 0:45
  Speaker 1: I had friends on TV that were saying they think
• 0:47
  Speaker 1: this is not a great deal. I had friends on
• 0:49
  Speaker 1: TV that said this is a great deal. I had
• 0:51
  Speaker 1: people in between. There was elected officials that I was
• 0:55
  Speaker 1: talking to as well. They were asking me what do
• 0:57
  Speaker 1: I think? But how is this going to play out?
• 1:00
  Speaker 1: My synopsis was this, and I want to get your take.
• 1:03
  Speaker 1: The President understands midterms are coming and we have to
• 1:06
  Speaker 1: win the midterms. Gas prices need to be lower before
• 1:09
  Speaker 1: the midterms. He had a simple promise, which was to
• 1:11
  Speaker 1: make sure rand doesn't get a nuclear weapon. That is
• 1:14
  Speaker 1: the promise that people care about the most. All Right,
• 1:17
  Speaker 1: I want to take a moment and talk to you
• 1:18
  Speaker 1: about what's happening right now in this country. And it
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• 1:32
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  Speaker 1: and make the switch right now. We also know we
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  Speaker 1: have a president that has no problem bombing bad guys
• 3:12
  Speaker 1: when they're acting up, and if Iran does anything that
• 3:15
  Speaker 1: the President things a threat to us, he's clearly going
• 3:17
  Speaker 1: to act. I think you put all that together, that's
• 3:20
  Speaker 1: kind of where we are right now. What is your
• 3:23
  Speaker 1: reaction and what are your colleagues saying?
• 3:26
  Speaker 3: Yeah, Look, I think there's a lot of uncertainty right now.
• 3:30
  Speaker 3: Nobody knows what is in the deal. Yeah, I'm in
• 3:34
  Speaker 3: the Senate. I have had no communication about what is
• 3:38
  Speaker 3: in this deal. So I'm doing the same thing you
• 3:41
  Speaker 3: guys are doing. I'm reading the news, I'm watching Twitter,
• 3:47
  Speaker 3: and you see all sorts of different reports and it's
• 3:50
  Speaker 3: difficult to understand the actual substance of what's in it.
• 3:55
  Speaker 3: There's also active misrepresentation, so Iran is putting out massive
• 4:01
  Speaker 3: information basically saying this is a total victory for Iran.
• 4:05
  Speaker 3: We've won. The United States has capitulated. Now, I don't
• 4:08
  Speaker 3: believe what Iran is putting out, but right now, nobody
• 4:13
  Speaker 3: in the Senate, nobody in the Congress, has the details
• 4:15
  Speaker 3: of what the agreement is. So I have By the.
• 4:20
  Speaker 1: Way, there is some trust and verify here for the Senate,
• 4:22
  Speaker 1: for you other to understand this to lift the sanctions,
• 4:26
  Speaker 1: you guys are gonna know exactly what's in there, and
• 4:29
  Speaker 1: you have to agree to it.
• 4:30
  Speaker 2: Am I right?
• 4:31
  Speaker 3: And then how this works, look, it depends the way
• 4:34
  Speaker 3: the sanctioned laws are written. The President has quite a
• 4:37
  Speaker 3: bit of discretion. I hope and believe this deal will
• 4:42
  Speaker 3: come before the Congress and will know the specifics of it,
• 4:45
  Speaker 3: and we're going to know them in time. But this
• 4:47
  Speaker 3: is you know, we're ours into this. This is very early.
• 4:52
  Speaker 3: I will let me talk about different elements that may
• 4:55
  Speaker 3: or may not be in the deal. One of the
• 4:57
  Speaker 3: elements that has been widely reported is that Iran is
• 5:01
  Speaker 3: going to get three hundred billion dollars in order to
• 5:07
  Speaker 3: rebuild Iran, and those are going to come from frozen
• 5:13
  Speaker 3: funds from other sources. It's not clear where that's going
• 5:15
  Speaker 3: to come from. I've got to say, I very much
• 5:19
  Speaker 3: hope that is not true. If somehow we are flowing
• 5:24
  Speaker 3: three hundred billion dollars to Iran, I think that is
• 5:28
  Speaker 3: an incredibly foolish idea. Yeah, I agree with you.
• 5:32
  Speaker 1: By the way, that's no different than the palets of
• 5:35
  Speaker 1: cash and appeasement in many people's eyes.
• 5:37
  Speaker 3: Actually it is different. Obama flew one point seven billion
• 5:42
  Speaker 3: dollars in cash into Iran. Joe Biden flowed one hundred
• 5:47
  Speaker 3: billion dollars into Iran during his four years. If and
• 5:52
  Speaker 3: I do not know that this is right, but if
• 5:54
  Speaker 3: we are sending three hundred billion dollars three x what
• 5:57
  Speaker 3: Biden sent. I think that is utterly indefensible. So I
• 6:01
  Speaker 3: am hoping that is not true. I have no confirmation
• 6:05
  Speaker 3: it's true. Iran is saying it's true, but I don't
• 6:07
  Speaker 3: trust them, so that would be an enormous mistake. And listen,
• 6:13
  Speaker 3: it is universally reported. This is a deal that has
• 6:17
  Speaker 3: been negotiated by jd.
• 6:19
  Speaker 4: Vance.
• 6:19
  Speaker 3: He has been the point person on negotiating this deal.
• 6:22
  Speaker 3: He is now doing the talk show circuit defending the deal.
• 6:26
  Speaker 3: But we don't know what the specifics are. I got
• 6:29
  Speaker 3: to say, if the decision is let's give actually here,
• 6:34
  Speaker 3: I want to share something so Chris Ruddy. Chris Ruddy
• 6:37
  Speaker 3: is something someone you and I both know.
• 6:39
  Speaker 5: Well.
• 6:40
  Speaker 3: Yeah, he is the owner of Newsmacks. Chris Ruddy wrote
• 6:44
  Speaker 3: a very important opad on Newsmacks and I want to
• 6:47
  Speaker 3: share some of it. The title of it is say
• 6:51
  Speaker 3: no to three hundred billion dollar Iran reconstruction Fund. And
• 6:56
  Speaker 3: here's what Chris wrote. President Trump was right to call
• 6:59
  Speaker 3: reports of a three hundred billion dollar reconstruction fund for
• 7:02
  Speaker 3: Iran quote fake news. He should keep calling them that
• 7:07
  Speaker 3: until the idea is dead. Buried and impossible to revive.
• 7:12
  Speaker 3: Under another name, Vice President J. D. Vance has sought
• 7:16
  Speaker 3: to reassure skeptics about the plan. Quote, the Iranians are
• 7:20
  Speaker 3: not receiving any cash and no funds are being released
• 7:23
  Speaker 3: for simply signing a deal or attending a meeting, the
• 7:25
  Speaker 3: Vice President said this past weekend. Vance then said the
• 7:29
  Speaker 3: economic benefits would flow only if Tehran meets his obligations
• 7:34
  Speaker 3: under a future agreement. That is better than a blank check,
• 7:39
  Speaker 3: but it suggests a three hundred billion dollars check is
• 7:43
  Speaker 3: still in the works and part of the memorandum of
• 7:46
  Speaker 3: understandings that start sixty days that starts a sixty day ceasefire.
• 7:52
  Speaker 3: Here's the central question. Why should Iran receive access to
• 7:59
  Speaker 3: any recon instruction fund, let alone one with three hundred
• 8:04
  Speaker 3: billion dollars. That's a third of a trillion dollars. The
• 8:08
  Speaker 3: floated proposal makes no sense. Worse, it is dangerous, and
• 8:15
  Speaker 3: Ruddy continues. It would reward a maniacal regime not for reforming,
• 8:21
  Speaker 3: not for compensating its victims, and not for abandoning terror
• 8:25
  Speaker 3: as an instrument of state craft. It would reward Iran
• 8:29
  Speaker 3: for surviving a war it provoked through decades of nuclear blackmail,
• 8:35
  Speaker 3: proxy violence, and regional aggression. Let's put this in perspective.
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  Speaker 3: For more than forty years, Iran's rulers have obsessed over
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  Speaker 3: acquiring the capability to destroy Israel, threaten America, and dominate
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  Speaker 3: the Middle East. They call the United States the quote
• 8:53
  Speaker 3: Great Satan. They burned through tens of billions of dollars
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  Speaker 3: and effectively checked out of the civil community of nations
• 9:01
  Speaker 3: in pursuit of their dream nuclear weapons. They have repeatedly
• 9:05
  Speaker 3: stated their aim publicly and loudly quote to wipe Israel
• 9:10
  Speaker 3: off the map. In the interim of that goal, Tehran
• 9:15
  Speaker 3: has funded Mayhem across the region. Hesbela so clearly backed
• 9:20
  Speaker 3: by Iran it has been part of their negotiations, has
• 9:23
  Speaker 3: long terrorized northern Israel for forty years. Hesbela has fired
• 9:28
  Speaker 3: tens of thousands of rockets into Israel, costing billions in damage,
• 9:33
  Speaker 3: thousands of casualties, and hundreds of deaths. The Huthis, another
• 9:37
  Speaker 3: proxy of Tehran, have fired missiles at Israel and disrupted
• 9:42
  Speaker 3: international shipping for years. They have attacked US naval ships
• 9:46
  Speaker 3: with drones and missiles no less than four hundred times.
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  Speaker 3: This is not a misunderstood regime looking for an off ramp.
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  Speaker 3: It's a revolutionary regime that made violence its business model.
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  Speaker 3: Even the assassination of President Trump remains a priority business item.
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  Speaker 3: So Chris's op ed and it goes on. It's a
• 10:12
  Speaker 3: lengthy op ed, so I'm not going to read the
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  Speaker 3: rest of it, but it makes the powerful case. I
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  Speaker 3: very much hope the reports that three hundred billion dollars
• 10:21
  Speaker 3: are going to flow to Iran, I hope those are false,
• 10:24
  Speaker 3: and I don't know that they're true. I have no
• 10:26
  Speaker 3: basis to believe they're true. But I got to say,
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  Speaker 3: sending three hundred billion dollars to theocratic lunatics who want
• 10:35
  Speaker 3: to murder us is not a good idea. I am
• 10:40
  Speaker 3: very much hoping hoping that is Iranian misinformation and that
• 10:43
  Speaker 3: is not part of the deal. And I want you
• 10:47
  Speaker 3: to listen to President Trump discussing where things stand at
• 10:52
  Speaker 3: the G seven. Here go listen.
• 10:58
  Speaker 5: It's a very important document.
• 11:00
  Speaker 4: And unlike Obama, who could have destroyed the Middle East
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  Speaker 4: with a horrible jc POA, it is the worst agreement
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  Speaker 4: that was a road to a nuclear weapon.
• 11:13
  Speaker 5: Mine is a wall against a nuclear weapon. I mean,
• 11:16
  Speaker 5: I see these people say, but we already had one.
• 11:19
  Speaker 5: He paid a fortune for it. We paid nothing. We
• 11:21
  Speaker 5: don't pay. There was some statement we're going to spend
• 11:24
  Speaker 5: three hundred million dollars. Now we're allowed to go and
• 11:27
  Speaker 5: invest if we wanted to someday in the future. We
• 11:30
  Speaker 5: have no obligation whatsoever. It could be that Iran will
• 11:34
  Speaker 5: turn out to be successful and they have oil. But
• 11:39
  Speaker 5: if we left a week ago, just left before the
• 11:44
  Speaker 5: last two attacks, it would have taken them twenty years
• 11:47
  Speaker 5: to rebuild a round. So but I'll go over the
• 11:51
  Speaker 5: document with the media in a couple of days. Now.
• 11:56
  Speaker 1: The president, they're saying, he'll go over it with the media.
• 11:59
  Speaker 1: He'll be trains parent, he's going to read it. But
• 12:01
  Speaker 1: he says that three hundred is not there.
• 12:04
  Speaker 3: I'm very comforted. I am glad the president is saying
• 12:08
  Speaker 3: that he is right to say that. It's why Look,
• 12:12
  Speaker 3: I am withholding judgment until I actually see the details.
• 12:15
  Speaker 3: The reporters are all like, oh, don't you want to
• 12:17
  Speaker 3: say something about this, And I'm like, look, until I
• 12:20
  Speaker 3: know what the agreement is, I'm not going to comment
• 12:23
  Speaker 3: without basis. We're saying the reporting. What I can say
• 12:27
  Speaker 3: without equivocation is that giving three hundred billion dollars to
• 12:31
  Speaker 3: Iran is a spectacularly bad idea. I hope and pray
• 12:35
  Speaker 3: that's not what this deal is. I'll be very happy
• 12:39
  Speaker 3: if when the deal the details become public it's not
• 12:43
  Speaker 3: giving three hundred billion dollars. But I have no hesitancy
• 12:46
  Speaker 3: that giving three hundred million dollars to Iran would be disastrous.
• 12:49
  Speaker 3: And to be clear, they would use that money to
• 12:51
  Speaker 3: build weapons to kill Americans as I and.
• 12:55
  Speaker 2: They would use that mighty give it to Hamas and hezblat.
• 12:58
  Speaker 3: Yeah, to fun terrorists that are murdering Americans, as I
• 13:03
  Speaker 3: observed to some of my colleagues in the Senate, I said, look,
• 13:06
  Speaker 3: giving three hundred billion dollars to theocratical lunatics who want
• 13:09
  Speaker 3: to murder us is not a good idea.
• 13:12
  Speaker 2: I hope that's a sound foreign policy. Center.
• 13:15
  Speaker 1: Let's just be clear, like that's that is a pretty
• 13:18
  Speaker 1: sound foreign policy I like we're headed.
• 13:20
  Speaker 3: And by the way, look, I talked to the President
• 13:23
  Speaker 3: just a few days ago, right before this deal was announced.
• 13:27
  Speaker 3: I am really hopeful. Look, one of the dynamics in
• 13:30
  Speaker 3: the Trump administration is there are different camps within the
• 13:33
  Speaker 3: administration that have different policy. There are camps in the
• 13:37
  Speaker 3: administration that oppose the Iranian military attack, that have wanted
• 13:44
  Speaker 3: to end it from day one, that have been deeply
• 13:46
  Speaker 3: unhappy with the President's decision to go in and take
• 13:50
  Speaker 3: out the Iranian military. I don't know the extent to
• 13:55
  Speaker 3: which those voices are prevailing right now, because there's an
• 13:59
  Speaker 3: active dispute playing out day by day in the administration.
• 14:03
  Speaker 3: I will say this though. There are also some Democrats
• 14:06
  Speaker 3: in some of the media are crowing, oh, this is
• 14:08
  Speaker 3: exactly like Obama and the JCPOA. It most certainly is
• 14:13
  Speaker 3: not that understand what Donald Trump has done. The decision
• 14:17
  Speaker 3: to launch the military attack against Iran was the single
• 14:20
  Speaker 3: most important decision of the Trump presidency. He has destroyed
• 14:25
  Speaker 3: over eighty percent of their ballistic missiles, over eighty percent
• 14:28
  Speaker 3: of their drones. He's destroyed their drone manufacturing capability, their
• 14:31
  Speaker 3: ballistic missiles manufacturing capability. He's utterly destroyed their air defenses.
• 14:37
  Speaker 3: Their air force is in rubble on the runways. Their
• 14:41
  Speaker 3: navy is sunk at the bottom of the ocean. You
• 14:43
  Speaker 3: know how many Iranian naval ships he has sunk?
• 14:46
  Speaker 2: How many?
• 14:47
  Speaker 3: One hundred and sixty one?
• 14:49
  Speaker 2: That's a lot.
• 14:50
  Speaker 3: It is the largest naval defeat since World War II. Wow,
• 14:54
  Speaker 3: the Iranian military has been destroyed. And by the way,
• 14:57
  Speaker 3: the Iatola is dead, many of the Mullahs are dead,
• 14:59
  Speaker 3: many of the senior leaders of the IRGC is dead.
• 15:02
  Speaker 3: So under any measure, they're democrats who are lunatically claiming
• 15:09
  Speaker 3: Iran is stronger today than it's ever been. No, No,
• 15:13
  Speaker 3: that they have been bombed backed in the stone Age.
• 15:16
  Speaker 3: Under no measure, they stronger than they've ever been. Now,
• 15:19
  Speaker 3: I don't want to see theocratic Islamists who want to
• 15:22
  Speaker 3: kill us made stronger. So if this deal is giving
• 15:26
  Speaker 3: them three hundred billion dollars, that's a mistake. I hope
• 15:30
  Speaker 3: that is not the case. But the sort of cute
• 15:35
  Speaker 3: talking point that this is just like Obama is absurd
• 15:40
  Speaker 3: and false. The Obama Iran nuclear deal was designed to
• 15:45
  Speaker 3: inevitably lead to Iran having a nuclear weapon. The President
• 15:48
  Speaker 3: has launched a massive military action designed to prevent Iran
• 15:53
  Speaker 3: from having a nuclear weapon. That is massively, massively different.
• 15:57
  Speaker 3: What I'm urging the president, when I'm saying to him
• 16:01
  Speaker 3: is it is don't give away the victory. I don't
• 16:04
  Speaker 3: believe he's doing so. I hope he's not doing so.
• 16:06
  Speaker 3: I hope his administration is not doing so. But my
• 16:09
  Speaker 3: message is, don't we have defeated their military. Don't suddenly
• 16:14
  Speaker 3: come in with massive buckets of cash to let them
• 16:18
  Speaker 3: rebuild and become a threat to America.
• 16:20
  Speaker 1: Again, a great point, final question, and this is something
• 16:23
  Speaker 1: that is going to be in the news, and that
• 16:25
  Speaker 1: was the vote in the Senate on war powers with
• 16:28
  Speaker 1: a Ran. It came down to one vote. Thank goodness,
• 16:31
  Speaker 1: John Fetterman voted with the Republicans as some Republicans defected.
• 16:36
  Speaker 1: Doing the math on this, it just shows you how
• 16:38
  Speaker 1: tight things are in the Senate. Were you surprised by
• 16:41
  Speaker 1: how closes was or was it what you were going
• 16:43
  Speaker 1: to expect? And Fetterman, by the way, what a blessing
• 16:46
  Speaker 1: that guy has become. I mean that is a compliment
• 16:49
  Speaker 1: to him where I know a lot of issues. He
• 16:51
  Speaker 1: does not play politics. He looks at his right and
• 16:53
  Speaker 1: wrong and is America better off? And I think that
• 16:56
  Speaker 1: was one of his votes today as a perfect example
• 16:58
  Speaker 1: of that.
• 16:59
  Speaker 3: Yeah, Listen, John Fetterman has become a friend. I like John.
• 17:03
  Speaker 3: I work with him quite a bit. He's got real courage.
• 17:07
  Speaker 3: He is the lone Democrat who will stand up to
• 17:10
  Speaker 3: the crazies on a host of issues. He will stand
• 17:13
  Speaker 3: up Number one on Israel. He is not part of
• 17:16
  Speaker 3: the pro Hamas lunatic left, which is much of the
• 17:19
  Speaker 3: Democrat Party. Number two on border security, he has decided
• 17:26
  Speaker 3: that the policy of open borders and releasing murderers and
• 17:30
  Speaker 3: gang bangers and rapists and child molesters is a dumb policy.
• 17:34
  Speaker 3: Now that didn't used to be a radical position. That
• 17:37
  Speaker 3: used to be. In fact, you go back just a
• 17:39
  Speaker 3: few years ago, and whether it was Harry Reid or
• 17:41
  Speaker 3: Chuck Schumer, or Joe Biden or Hillary Clinton, every Democrat
• 17:45
  Speaker 3: espoused that position. Today, John Fetterman is almost the only
• 17:50
  Speaker 3: Democrat who will say that. I mean, it's not that
• 17:54
  Speaker 3: he has changed, it's that his party has gone nuts.
• 17:57
  Speaker 3: And I will tell you the Democrats they hate Fetterman
• 18:01
  Speaker 3: for it. They're vicious, they insult and revile him. I
• 18:06
  Speaker 3: consider John a friend, and listen, John still votes ninety
• 18:11
  Speaker 3: percent with the Democrats. So let's be clear. He is
• 18:13
  Speaker 3: not suddenly a conservative Republican. He just doesn't believe Hamas
• 18:17
  Speaker 3: is better than Israel and doesn't believe open borders and
• 18:19
  Speaker 3: criminals are better than American citizens. Those are pretty reasonable
• 18:25
  Speaker 3: statements that used to be mainstream and everyone agreed with,
• 18:28
  Speaker 3: and now virtually every other Democrat has abandoned that. Actually,
• 18:34
  Speaker 3: here's a question to ask our listeners. You had a
• 18:36
  Speaker 3: post on social media. Do y'all want John Fetterman to
• 18:39
  Speaker 3: be a guest on Verdict?
• 18:41
  Speaker 2: I loved here. It's funny that you just said that.
• 18:43
  Speaker 1: I was really going to say Center, I think we
• 18:44
  Speaker 1: just have Fetterman on, and I've never said it live
• 18:46
  Speaker 1: on the air, that we should have a guest before.
• 18:49
  Speaker 1: As before, you're not talking about behind the scenes. I
• 18:52
  Speaker 1: think you would be a fabulous guest for Verdict.
• 18:55
  Speaker 3: Look, look, John and I are buddies. I will say
• 18:58
  Speaker 3: you remember last year he decided he was going to
• 19:01
  Speaker 3: go down to mar A Lago and meet with Trump,
• 19:03
  Speaker 3: and the left lost their mind and said, oh my god,
• 19:05
  Speaker 3: why would you talk to the President. What kind of
• 19:07
  Speaker 3: lunatic are you? And John he's got a good sense
• 19:11
  Speaker 3: of humor, it's his very dry sense of humor. And
• 19:14
  Speaker 3: he came back and said, well, I'm gonna ask him
• 19:16
  Speaker 3: to make me the Pope of Greenland, which I thought
• 19:21
  Speaker 3: was really funny and I actually like used Ai I
• 19:24
  Speaker 3: found a meme and sent out a meme of Fetterman
• 19:28
  Speaker 3: as the pope in like papal robes in Greenland, and
• 19:32
  Speaker 3: like tweeted it out and I said it to John
• 19:34
  Speaker 3: and we were cracking up laughing about it because I
• 19:36
  Speaker 3: thought that was really funny. But look, he's shown real courage.
• 19:43
  Speaker 3: The fact that he is so alone in the Democrat
• 19:46
  Speaker 3: Party really illustrates how radicalized they become.
• 19:50
  Speaker 1: Well, the irandeo has sent shockwaves through the world economy.
• 19:54
  Speaker 1: Stocks are still surging, oil prices are still falling, and
• 19:58
  Speaker 1: the Trump team def defends the agreement as many on
• 20:02
  Speaker 1: the left and some on the right are angry.
• 20:05
  Speaker 2: That is the big story.
• 20:07
  Speaker 1: The economic reaction to President Trump's announcement is also exactly
• 20:11
  Speaker 1: what he said. It was going to end the war,
• 20:13
  Speaker 1: reopen the Straight of Horn Moves, and then prevent Iran
• 20:16
  Speaker 1: from obtaining a nuclear weapon and the financial markets they
• 20:20
  Speaker 1: believe the president.
• 20:21
  Speaker 2: For weeks, the biggest fear hanging.
• 20:24
  Speaker 1: Over the global economy was what was going to happen
• 20:26
  Speaker 1: with the Straight of hor Moves and would it remain
• 20:28
  Speaker 1: blocked or would there be tolls, or would Iran continue
• 20:32
  Speaker 1: to do terrorist activities on ships going through the Strait.
• 20:35
  Speaker 1: When President Trump has announced the agreement and said the
• 20:38
  Speaker 1: Straight will reopen, and the oil markets, for the second
• 20:41
  Speaker 1: day in a row, reversed what they were doing drastically.
• 20:45
  Speaker 1: Crude prices have plummeted from the crisis highs seen during
• 20:49
  Speaker 1: the conflict, falling as traders began pricing in the return
• 20:53
  Speaker 1: of stability and the removal of the worst case scenario
• 20:56
  Speaker 1: of a major Middle East supply disruption. Brent crew, which
• 21:00
  Speaker 1: had served as high as roughly one hundred and eighteen
• 21:03
  Speaker 1: dollars per barrel during the crisis, dropped significantly below eighty
• 21:09
  Speaker 1: dollars a barrel. Now that matters for every American, and
• 21:13
  Speaker 1: that's what the President promised. Lower crued prices would flow
• 21:16
  Speaker 1: through to lower gasoline prices and then the lower transportation
• 21:20
  Speaker 1: costs and the broader inflation pressures. We talked about this yesterday,
• 21:24
  Speaker 1: but the stock market doubled down and celebrated the news.
• 21:28
  Speaker 1: Wall Street said, we believe this is real, and investors
• 21:32
  Speaker 1: moved into stocks as fears of a prolonged Middle East
• 21:35
  Speaker 1: war have faded quickly. Now, the biggest winners were sectors
• 21:39
  Speaker 1: that benefited from lower energy costs and improved global stability.
• 21:44
  Speaker 1: The market reaction was simple, the less chance of a
• 21:46
  Speaker 1: wider war, the lower the risk to the global economy.
• 21:50
  Speaker 1: Markets rallied on the belief that shipping lanes would remain open,
• 21:54
  Speaker 1: and then a major economic shock had been avoided. President
• 21:58
  Speaker 1: Trump said great thing are going to happen. In his
• 22:01
  Speaker 1: new messaging, he's celebrated the agreement, saying this deal will
• 22:05
  Speaker 1: not only ensure that Iran does not obtain a nuclear weapon,
• 22:08
  Speaker 1: but it also is allowing the Middle East to move
• 22:10
  Speaker 1: forward with stability. Trump also towed the reopening the Strait
• 22:14
  Speaker 1: of hor moves and predicted that a lot of great
• 22:17
  Speaker 1: things would happen as the tensions ease and the global
• 22:20
  Speaker 1: markets normalize. Now, the White House argument is very straightforward.
• 22:26
  Speaker 1: The military pressure brought a rand to the negotiating table,
• 22:29
  Speaker 1: and diplomacy secured an agreement that could avoid a larger
• 22:32
  Speaker 1: regional war. Jesse Waters on Fox News Channel explained it
• 22:37
  Speaker 1: this way.
• 22:37
  Speaker 6: Bill, It's the exact opposite of the Ran deal, where
• 22:40
  Speaker 6: proxies and missiles are covered because if they fund the
• 22:45
  Speaker 6: proxies then they don't get the economic benefits. And the
• 22:48
  Speaker 6: missiles are covered because eighty five percent of them have
• 22:51
  Speaker 6: been destroyed and ninety percent of the industrial base has
• 22:54
  Speaker 6: been destroyed, so they've been disarmed. They can't re arm
• 22:56
  Speaker 6: because they can't manufacture more weapons. And now they can't
• 23:00
  Speaker 6: really project power outside of their borders because they have
• 23:03
  Speaker 6: no air force and they have no navy, and they
• 23:05
  Speaker 6: don't pose an imminent threat to the United States anymore,
• 23:08
  Speaker 6: and they have no air defense, so we have full
• 23:10
  Speaker 6: air superiority. Also, the difference between the Obama Deal is
• 23:14
  Speaker 6: they cannot build.
• 23:15
  Speaker 2: A nuclear weapon.
• 23:16
  Speaker 6: They can enrich at all, and they can't stockpile because
• 23:21
  Speaker 6: they can't access the uranium. The dust is so deep
• 23:25
  Speaker 6: down there. The only people that can get it is us.
• 23:29
  Speaker 6: And if we even just let it sit there in
• 23:32
  Speaker 6: a uranium grave for eternity, it's already destroyed their nuclear program.
• 23:39
  Speaker 6: All the centrifuges are shadowed, their nuclear scientists are all dead.
• 23:43
  Speaker 6: So if we do nothing, it's already accomplished. The president's
• 23:47
  Speaker 6: main objective, which is prevent them from ever getting a
• 23:50
  Speaker 6: nuclear weapon. Everything he laid out the day after the
• 23:53
  Speaker 6: bombing started has been achieved.
• 23:55
  Speaker 1: Jesse went on to say, quote, this does what the
• 23:58
  Speaker 1: Obama Deal did do, and he's exactly right now there's
• 24:02
  Speaker 1: many that are angry right now about this deal, saying
• 24:06
  Speaker 1: it doesn't go far enough that we have leverage and
• 24:08
  Speaker 1: we're not doing enough with that leverage. And there's two
• 24:11
  Speaker 1: ways to look at this. So let's be clear. You
• 24:14
  Speaker 1: could continue to fight with I RAN. You could have
• 24:16
  Speaker 1: continue high gas prices. You then get us dangerously close
• 24:20
  Speaker 1: to the midterm elections, and then you could actually have
• 24:23
  Speaker 1: Republicans lose the House and the Senate over this war
• 24:26
  Speaker 1: with a RAN.
• 24:27
  Speaker 2: That was a real possibility.
• 24:29
  Speaker 1: Or you could find an exit ramp that has real
• 24:32
  Speaker 1: accountability in it. Now to be clear, that exit ramp
• 24:36
  Speaker 1: means this, you get gas prices lower. You have done
• 24:40
  Speaker 1: with the present promised the American people, and that was
• 24:42
  Speaker 1: make sure that we do not have a nuclear Iran,
• 24:45
  Speaker 1: and then you go back to doing the business the
• 24:48
  Speaker 1: American people care about here domestically. That is what you
• 24:53
  Speaker 1: do before the midterms. Now, we also have to know this.
• 24:57
  Speaker 1: It's very clear that President Trump will bomber RAN again
• 25:00
  Speaker 1: if he needs to. Now, what was also interesting was
• 25:03
  Speaker 1: what was happening on Capitol Hill as the Senate shot
• 25:06
  Speaker 1: down a resolution to limit President Trump's military authority over Iran.
• 25:12
  Speaker 1: It happened, and it was a very close vote. In fact,
• 25:15
  Speaker 1: by a single vote. The Senate shot down a proposal
• 25:18
  Speaker 1: on Tuesday that would have rained in the present's ability
• 25:21
  Speaker 1: to use military force against Iran without congressional approval. The
• 25:26
  Speaker 1: vote fell just one vote short, advancing forty eight to
• 25:29
  Speaker 1: forty seven. Republican Senator Susan Collins, Bill Cassidy, Lisa Murkowski,
• 25:36
  Speaker 1: and Ran Paul voted with the Democrats on the flip side.
• 25:40
  Speaker 1: The savior was Senator John Fetterman, the Democrat from Pennsylvania.
• 25:44
  Speaker 1: He crossed the out to vote alongside the Republican majority
• 25:47
  Speaker 1: against the bill. Now, the bill was obviously political from
• 25:51
  Speaker 1: the beginning. It was introduced by Senator Rafael Warnock, you know,
• 25:55
  Speaker 1: the hardcore lefty Democrat from Georgia, and the resolution sought
• 25:59
  Speaker 1: to require congressional approval for continued US military action involving Iran.
• 26:05
  Speaker 1: Warnock had urged Republicans to vote for it, arguing that
• 26:08
  Speaker 1: Congress shouldn't just sit back and let the president make
• 26:11
  Speaker 1: all the decisions on foreign wars. The vote occurred as
• 26:15
  Speaker 1: lawmakers press the White House for key details about the
• 26:18
  Speaker 1: agreement that Trump announced Sunday between Washington and Tehran and
• 26:23
  Speaker 1: that he had promised as a path towards ending months
• 26:26
  Speaker 1: of fighting. Quote, the deal with the Islamic Republic of
• 26:30
  Speaker 1: Iran is now complete. Congratulations to all, Trump declared on
• 26:34
  Speaker 1: true Social Members of Congress are still completely in the
• 26:37
  Speaker 1: dark about the agreement, leading to a push on the
• 26:41
  Speaker 1: Administration for transparency. The Senate Majority Leader John Thune said
• 26:45
  Speaker 1: lawmakers are demanding more details of how the arrangement actually works.
• 26:50
  Speaker 1: Under the Iran Nuclear Agreement Review Act of twenty fifteen,
• 26:54
  Speaker 1: agreements related to Iran's nuclear program must be submitted to
• 26:58
  Speaker 1: Congress for review before sanctioned relief can actually take effect. Now,
• 27:03
  Speaker 1: although the measure did not advance, the Senate Minority leader,
• 27:07
  Speaker 1: the Democrat Chuck Schumer of New York, said Democrats are
• 27:10
  Speaker 1: continuing their discussion surrounding a separate proposal that's actually been
• 27:15
  Speaker 1: sponsored by Senate Democrat Tim Kane, and they're attempting to secure,
• 27:19
  Speaker 1: they say, additional Republican support before bringing it up again.
• 27:24
  Speaker 1: This also may be playing into why this agreement's being
• 27:27
  Speaker 1: done right now. We also know the House recently improved
• 27:31
  Speaker 1: its own legislation seeking to halt unauthorized military operations against Iran.
• 27:36
  Speaker 1: Now that measure has yet to receive consideration the Senate,
• 27:40
  Speaker 1: but administration officials they maintained that key portions of the
• 27:44
  Speaker 1: War Powers Resolution are unconstitutional, and they're also contending that
• 27:49
  Speaker 1: an April cease fire altered the timeline governing congressional authorization requirements.
• 27:56
  Speaker 1: So at the end of the day, here's where we are.
• 27:58
  Speaker 1: We have a present that under stands a deal needed
• 28:01
  Speaker 1: to be done. We have a present that made sure
• 28:04
  Speaker 1: in that deal that Iran would not get nuclear weapons.
• 28:08
  Speaker 1: We have a president that understood that gas prices in
• 28:11
  Speaker 1: the economy and inflation are incredibly important issues heading into
• 28:15
  Speaker 1: the midterms, and he understands that he can also hold
• 28:18
  Speaker 1: a Ran accountable in the near future if he needs
• 28:21
  Speaker 1: to as well.
• 28:22
  Speaker 2: So that is where we are.
• 28:24
  Speaker 1: One other thing you might want to put in consideration
• 28:27
  Speaker 1: about this deal is this, You know it's not that
• 28:30
  Speaker 1: bad when you have Mike Pence coming out saying the
• 28:33
  Speaker 1: President should have gone back to his first instincts saying
• 28:37
  Speaker 1: the president's doing the wrong thing. If people like Mike
• 28:40
  Speaker 1: Pince are criticizing you, well, then the deal is probably
• 28:43
  Speaker 1: not half bad at all.
• 28:45
  Speaker 2: Thanks as always for joining us on the show. Don't forget.
• 28:48
  Speaker 1: You can grab the Ben Ferguson podcasts wherever you get
• 28:51
  Speaker 1: your podcasts, and I'll see you back here on this
• 28:54
  Speaker 1: radio station next week and on the podcast all week long.