Latest / The Ben Ferguson Podcast / Reverse Robin Hood

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Reverse Robin Hood · The Ben Ferguson Podcast

0:00
Speaker 1: People think that the President of the United States has
0:02
Speaker 1: the power for debt forgiveness. He does not. He can postpone,
0:07
Speaker 1: he can delay, but he does not have that power.
0:12
Speaker 1: That has to be an act of Congress. The president
0:15
Speaker 1: can't do it, So that's not even a discussion. Not
0:19
Speaker 1: everybody realizes that. But the president can only postpone, delay,
0:25
Speaker 1: but not forgive. That is a quote from Democrat House
0:29
Speaker 1: Speaker Nancy Pelosi twenty seven days before Joe Biden unilaterally
0:35
Speaker 1: forgave student debt. This is Verdict with Ted Cruz. This
0:45
Speaker 1: episode of Verdict with Ted Cruz is sponsored by American
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Speaker 1: via text message to six five five three two. You'll
2:19
Speaker 1: be glad you did. Welcome back to Verdict with Ted Cruz.
2:24
Speaker 1: I am Michael Knowles, joined as ever by Senator Cruz.
2:29
Speaker 1: We're so happy to be with all of you, and
2:31
Speaker 1: condolences to all of the poor schmucks out there who
2:34
Speaker 1: actually paid off your student debts or your kids student debts.
2:38
Speaker 1: You really blew it, folks. You could have gotten a
2:40
Speaker 1: freebe but you did the right thing, and now too
2:43
Speaker 1: bad for you. It's fairly stunning. You know. I'm reminded
2:47
Speaker 1: of mel Brooks when he observed it's good to be
2:50
Speaker 1: the king. What Joe Biden is doing is completely lawless.
2:54
Speaker 1: So Senator I not only take your word for it
2:57
Speaker 1: that this is not legal, I so take Nancy Pelosi's
3:01
Speaker 1: word for it. Never thought I would say that's statement.
3:04
Speaker 1: But when's the last time Nancy and I agreed this
3:07
Speaker 1: might be the one and only time Joe Biden bringing
3:10
Speaker 1: the country together. I think the argument they tried to
3:14
Speaker 1: make was that this in some way related to the
3:18
Speaker 1: Heroes Act after September eleventh, and they're all these kind
3:22
Speaker 1: of bizarro expost facto explanations of how Biden did this.
3:26
Speaker 1: But I take both of your word for it that
3:28
Speaker 1: it's not really legal, and yet obviously he is doing
3:32
Speaker 1: it so well. He might not have the right to
3:33
Speaker 1: do it, he apparently has the power to do it.
3:37
Speaker 1: My question then, is less about the law and more
3:39
Speaker 1: about the politics of this Biden. I guess he just
3:43
Speaker 1: thinks he's buying votes and the way that machine politics
3:46
Speaker 1: has often bought votes. Is this going to work in November. Well,
3:50
Speaker 1: let's thank those one at a time. On the law question,
3:53
Speaker 1: I think it is clear that he does not have
3:55
Speaker 1: the legal authority to do this, and this week's cloak
3:58
Speaker 1: Room on Verdict Plus is entirely about that we do
4:01
Speaker 1: a deep dive into the statutes, into the asserted justifications.
4:08
Speaker 1: The Biden Department of Justice put out a new memorandum
4:11
Speaker 1: from the Office Legal Counsel trying to claim it had
4:14
Speaker 1: the authority to do this, and so on cloak Room,
4:18
Speaker 1: I go into the statutes, into the details and explain
4:21
Speaker 1: why all of that is nonsense. And in terms of
4:23
Speaker 1: the politics, I don't know. So there are cross cutting concerns,
4:28
Speaker 1: and the honest answer is I don't know how this
4:30
Speaker 1: will play politically. Let me give the argument for why
4:35
Speaker 1: it will play badly for the Democrats, and then I'll
4:38
Speaker 1: give the argument why it'll play well. The argument why
4:42
Speaker 1: it plays badly is that it is reverse Robin Hood.
4:48
Speaker 1: Robin Hood stole from the rich and gave from the poor.
4:51
Speaker 1: This is Joe Biden stealing from the poor and giving
4:53
Speaker 1: to the rich. And let me give you some statistics.
4:56
Speaker 1: According to Brookings, the left wing think to the media,
5:01
Speaker 1: and income of households with student loans is seventy six thousand,
5:04
Speaker 1: four hundred. Only seven percent of those are below the
5:08
Speaker 1: poverty line. So these are not typically the poor that
5:12
Speaker 1: we're talking about that have student loans. But look they've
5:14
Speaker 1: gone to college or grad school, so that that tends
5:17
Speaker 1: to move you up in the income skis strata to
5:20
Speaker 1: begin with, among those making payments on their loans. So
5:25
Speaker 1: if you exclude the people who aren't making any payments
5:28
Speaker 1: and you focus just on those making payments on their loans,
5:31
Speaker 1: the media income is eighty six thousand, five hundred dollars,
5:35
Speaker 1: so that's starting to get up there, and only four
5:39
Speaker 1: percent are in poverty. Overall, the top forty percent of
5:46
Speaker 1: American households hold sixty percent of the student loans. How
5:51
Speaker 1: many Americans have degrees, Well, thirty seven percent of Americans
5:54
Speaker 1: have a bachelor's degree and fourteen percent of Americans have
5:58
Speaker 1: a graduate or professional degree. That's courted the Census Bureau
6:02
Speaker 1: and the unemployment rate for college graduates right now is
6:05
Speaker 1: two point nine percent. Approximately eighty seven percent of American
6:10
Speaker 1: adults do not have student loans, so it is benefiting
6:16
Speaker 1: a relatively small, discreete class um. This could play very
6:21
Speaker 1: badly for Joe Biden if the people who are paying
6:26
Speaker 1: for it are pissed off. You know this is this
6:29
Speaker 1: will cost every taxpayer on average two thousand, one hundred
6:34
Speaker 1: dollars to give away this money. So, Senator, do you
6:36
Speaker 1: remember a couple of years ago there was a voter
6:40
Speaker 1: or constituent on the campaign trail he approached Liz Warren,
6:43
Speaker 1: your colleague, when Senator Warren was pitching student loan forgiveness,
6:48
Speaker 1: and he didn't like the idea I'm having. Yep, I
7:00
Speaker 1: just want asking questions. My daughter's getting out of school.
7:03
Speaker 1: I saved all my money. Just am I gonna get
7:07
Speaker 1: my money back? So you're gonna pay for people who
7:11
Speaker 1: didn't save the money, so that those of us that
7:13
Speaker 1: did the right thing get screwed. My buddy hit Fun
7:18
Speaker 1: bought a car, went on vacations. I saved my money.
7:21
Speaker 1: He made more than idea, but I worked a double.
7:23
Speaker 1: The ship worked extra, my dallars works. He his ten.
7:26
Speaker 1: So you're laughing, Yeah, that's exactly what you're doing. We
7:30
Speaker 1: did the right thing and we get screwed. I appreciate
7:32
Speaker 1: I didn't look like that was playing very well in Peoria.
7:38
Speaker 1: And so I do think folks like that guy questioning
7:41
Speaker 1: Elizabeth Warren are going to be pissed off. I do think, Uh,
7:45
Speaker 1: steel workers and truck drivers and plumbers have a reason
7:49
Speaker 1: to be pissed off. All of this could bounce badly
7:53
Speaker 1: for Democrats. Don't let me give you the flip argument.
7:57
Speaker 1: It may be a political master stroke. Why is that that?
8:02
Speaker 1: There's there's a school of thought and economics that's called
8:06
Speaker 1: public choice theory, and public choice theory examines how decision
8:11
Speaker 1: making is made in a democratic society. And essentially what
8:15
Speaker 1: it focuses on is when you have a relatively small
8:19
Speaker 1: group with a concentrated benefit and you have a large
8:25
Speaker 1: group with a diffuse harm. The small group cares a
8:31
Speaker 1: lot about it, and the large group typically doesn't. And
8:36
Speaker 1: so look that there is a real risk if if
8:39
Speaker 1: you are that that slacker barista who who wasted seven
8:44
Speaker 1: years in college studying completely useless things now has loans
8:48
Speaker 1: and can't get a job. Joe Biden just gave you
8:51
Speaker 1: twenty grand, like holy cow, twenty grand that you know,
8:55
Speaker 1: maybe you weren't going to vote in November and suddenly
8:57
Speaker 1: you just got twenty grand. And you know, if you can,
8:59
Speaker 1: you know, get off the bond for a minute and
9:01
Speaker 1: head down to the voting station or just send in
9:04
Speaker 1: your mail in ballot that the Democrats have helpfully sent you,
9:09
Speaker 1: it could drive up turnout, particularly among young people and
9:16
Speaker 1: the people who are getting screwed. It's not necessarily the
9:20
Speaker 1: case that they understand they're getting screwed. It's a little
9:23
Speaker 1: more diffuse of I'm paying taxes, but it's not like
9:28
Speaker 1: you get a bill in October, Dear Michael, send in
9:33
Speaker 1: your two thousand, one hundred dollars to pay for slacker
9:37
Speaker 1: boys loans getting forgiven. When I think of the whatever
9:41
Speaker 1: the estimated three hundred billion to six hundred billion dollars
9:45
Speaker 1: that this could cost, we don't have a really firm
9:47
Speaker 1: number yet, I think, yeah, that's a lot of money.
9:50
Speaker 1: But in the perspective of all the other money that
9:54
Speaker 1: the federal government spends, it's it's just not going to
9:57
Speaker 1: make a huge difference. So that is one great fear,
10:00
Speaker 1: and then the other fear long term as to whether
10:04
Speaker 1: or not this is a Democrat political masterstroke is you've
10:07
Speaker 1: now created a system of incentives whereby people will be
10:12
Speaker 1: more likely to go to college, assuming that they're not
10:15
Speaker 1: going to have to pay back their loans, assuming that
10:17
Speaker 1: the big Daddy government is going to come in and
10:19
Speaker 1: take care of them whenever a Democrat is in the
10:21
Speaker 1: White House. And the thing we know about college these
10:24
Speaker 1: days is it doesn't train you for jobs. It doesn't
10:27
Speaker 1: give you a liberal education that seemed to go out
10:29
Speaker 1: the window decades ago. All it really seems to do
10:33
Speaker 1: is make people more likely to vote for Democrats. So
10:37
Speaker 1: even forgetting even about the midterm elections or twenty twenty four,
10:40
Speaker 1: in the long term, as a result of this education
10:43
Speaker 1: bill that almost certainly will not result in any real
10:46
Speaker 1: additional education for people, you could have Democrats grooming a
10:50
Speaker 1: whole new generation of voters to be more likely to
10:52
Speaker 1: support them. Well, I think that's possible. I think there's
10:55
Speaker 1: another effect that this act is going to drive up inflation.
11:00
Speaker 1: I think significantly. You know, it's amazing, between this and
11:04
Speaker 1: the build back Broke bill they just jammed through, the
11:07
Speaker 1: Democrats have just spent another trillion dollars. Inflation is the
11:10
Speaker 1: number one issue in the country, and they're just pouring
11:13
Speaker 1: gasoline on it. You know, we just saw today the
11:18
Speaker 1: Wall Street Journal reported that that home mortgage rates have
11:22
Speaker 1: jumped up even more to five and a half percent.
11:26
Speaker 1: You know, look, that's real economic pain for a first
11:29
Speaker 1: time home buyer for for that matter, or anyone trying
11:31
Speaker 1: to buy a home. One of the effects of the
11:37
Speaker 1: inflation most concentrated is going to be on college tuition.
11:42
Speaker 1: You know, everyone this does nothing about the crisis. I
11:45
Speaker 1: actually agree there's a student loan problem because universities are
11:50
Speaker 1: engaged in hyper inflation. You know, they've got you know,
11:53
Speaker 1: you're and my alma maters have endowments, you know, thirty
11:57
Speaker 1: forty fifty billion dollars, and yet they're bilking students out
12:02
Speaker 1: of massive amounts. They keep jacking up the prices year
12:05
Speaker 1: after year after year. And they've got tenured faculty who
12:08
Speaker 1: teach one class. They've got you know, fifty diversity administrators
12:15
Speaker 1: who all make six figure checks. This is the very
12:18
Speaker 1: worst of leftist politics, which is they take care of
12:25
Speaker 1: their friends and they give them money. You look at
12:28
Speaker 1: this build back Broke bill where they paid off all
12:30
Speaker 1: these left wing environmentalist groups who are just making billions
12:34
Speaker 1: of dollars, and all the Washington lobbyists that are making
12:36
Speaker 1: billions of dollars, they take care of their friends and
12:39
Speaker 1: they screw their enemies. I mean, for the left, it
12:43
Speaker 1: is a zero sum game of reward and retribution, and
12:48
Speaker 1: it creates a vicious cycle where all the people they're
12:52
Speaker 1: paying off are then going to keep trying to keep
12:57
Speaker 1: the people paying them off in power. I'm reminded of
12:59
Speaker 1: one of my favorite Simpsons episodes where where Grandpa Simpsons
13:04
Speaker 1: has been getting checks for I think it was having
13:08
Speaker 1: like itch an Itchy and scratchy cartoon or something, and
13:11
Speaker 1: he hadn't done it. It was a mistake, and and
13:14
Speaker 1: and Lisa says, well, Grandpa didn't. Didn't you think it
13:17
Speaker 1: was strange that you were getting checks in the mail
13:20
Speaker 1: for not having done anything? And he says no, Lisa,
13:23
Speaker 1: I just figured the Democrats were back in power. Well,
13:29
Speaker 1: speaking of the friends of the Democrats, and actually speaking
13:33
Speaker 1: of your ability, you know, to send your kids to
13:36
Speaker 1: school and to make any money at all, Senator, I
13:39
Speaker 1: don't know if you saw this headline, but someone is
13:41
Speaker 1: coming for your job. You have got a major figure.
13:45
Speaker 1: At least according to CNN and MSNBC, coming after you,
13:49
Speaker 1: the future former congress Lady Liz Cheney is launching a
13:53
Speaker 1: political action committee. She's targeting not Democrats, of course, she's
13:57
Speaker 1: targeting Republicans. And you or at the top of the list. Well,
14:04
Speaker 1: you know, you can tell a lot about a person
14:06
Speaker 1: by their friends, and you can tell even more by
14:08
Speaker 1: their enemies. Listen, I gotta say, Liz Cheney, I've known
14:12
Speaker 1: Liz a long time. I've known her twenty plus years.
14:16
Speaker 1: Yet there are some people who Donald Trump just broke that.
14:21
Speaker 1: They just they hate Trump so much that their mind
14:27
Speaker 1: went on Fritz. And I gotta say, Liz is unrecognizable.
14:31
Speaker 1: She has become a left wing Democrat now and like
14:34
Speaker 1: ten years ago, the idea that Liz Cheney was a
14:36
Speaker 1: left wing Democrat would have been ludicrous. Obviously, her dad
14:39
Speaker 1: was Dick Cheney. He was a conservative Republican. She was. Look,
14:43
Speaker 1: they're both too neo Connie for me. They're both too
14:47
Speaker 1: eager to get us involved in foreign wars. But that
14:51
Speaker 1: being said, on taxes, on social issues, on most issues,
14:57
Speaker 1: Liz Cheney was a down the road conservative Republican. And
15:02
Speaker 1: by the way, that's where Wyoming is, and and and
15:04
Speaker 1: then Trump came into power and her mind just shattered,
15:09
Speaker 1: and and and she what's amazing is that she's become
15:13
Speaker 1: It's not even just that she says, Okay, I don't
15:15
Speaker 1: like Donald Trump, like I don't like his what he says,
15:18
Speaker 1: I don't like how he acts. That's I understand someone
15:21
Speaker 1: who says that I don't like everything he says and
15:22
Speaker 1: does I like the policies we had acted together. I
15:25
Speaker 1: work closely with him on that. But she doesn't limit
15:27
Speaker 1: it to that. It's it's like Bill Crystal as someone else,
15:30
Speaker 1: like Liz Cheney who has just become a liberal Democrat
15:35
Speaker 1: who what they say, you know, Cheney's uh circus act
15:40
Speaker 1: on on the January sixth Commission is indistinguishable from what
15:45
Speaker 1: Nancy Pelosi would say. It's indistinguishable from what Chuck Schumer
15:48
Speaker 1: would say. And so we just had the primary and
15:53
Speaker 1: in in Wyoming, and you know, she had won by
15:57
Speaker 1: I don't know, seventy eighty percent last time around in
16:00
Speaker 1: the primary. This time she didn't just lose. She lost
16:04
Speaker 1: by almost forty points. Thirty nine points is what she
16:07
Speaker 1: lost by. And the reason is simple. She doesn't represent
16:11
Speaker 1: the people of Wyoming anymore. The people of Wyoming are conservative,
16:15
Speaker 1: and she's decided she is a Washington, DC left wing
16:19
Speaker 1: Democrat now. And so it's completely unsurprising, you know, right
16:23
Speaker 1: after she gets just trounced by the voters, there's no remorse,
16:28
Speaker 1: there's no contrition, there's no gush. You know, for some reason,
16:34
Speaker 1: the people of Wyoming don't think I'm representing them anymore.
16:37
Speaker 1: There's none of that. It is. Instead, she says it's
16:40
Speaker 1: her mission to do what defeat conservative Republicans. And I
16:44
Speaker 1: guess it's a badge of honor that I'm the number
16:45
Speaker 1: one person on her list. That she's going to take
16:48
Speaker 1: the PAC money she raised, and I think she's gotten
16:50
Speaker 1: like seven eight million dollars that came from lefty Democrats
16:55
Speaker 1: all over the place, and she's going to use that
16:58
Speaker 1: now to attack Republican And listen, there are two things
17:02
Speaker 1: Liz Cheney is doing. Number One, she's got a fundraising
17:06
Speaker 1: grift where she will raise money like the Lincoln Project.
17:09
Speaker 1: Lincoln Project is a great example where it's a fundraising
17:12
Speaker 1: grift of people who used to be kind of sort
17:15
Speaker 1: of Republicans who now make millions of dollars when they're
17:19
Speaker 1: not engaged in other illicit activities. Now make millions of
17:23
Speaker 1: dollars raising money from lefties to attack Republicans. And they're,
17:28
Speaker 1: to use that phrase useful idiots because their attacks arguably
17:34
Speaker 1: have some saliots, because they can say I was once
17:36
Speaker 1: a Republican, now I can be a left wing Democrat
17:38
Speaker 1: attack them. So she'll engage in a fundraising grift for
17:41
Speaker 1: a while. My guess is she probably runs for president,
17:46
Speaker 1: she gets crushed, and then she will happily retire to
17:52
Speaker 1: being a commentator at either MSNBC or CNN. I don't
17:55
Speaker 1: know which one it'll be, or maybe Mother Jones. I mean,
17:59
Speaker 1: I mean, I think those are choices. Now, Senator, speaking
18:02
Speaker 1: of large amounts of money and empowering bad forces, the
18:07
Speaker 1: Iran nuclear deal seems to be back on the table.
18:10
Speaker 1: The Obama administration crafted this deal and sent palettes of
18:13
Speaker 1: cash to Iran and paid obeisance to Iran after they
18:18
Speaker 1: captured our sailors and set them on the path to
18:20
Speaker 1: getting a nuclear weapon, all of which was very, very bad.
18:22
Speaker 1: And then Obama leaves, Trump comes in, and the Republicans
18:26
Speaker 1: and Trump tear up the Iran nuclear deal. Now Biden
18:30
Speaker 1: seems to be reviving it, although the details are a
18:34
Speaker 1: little bit unclear. I know you've been very, very involved
18:37
Speaker 1: in this issue. What do we need to know? Look,
18:39
Speaker 1: Biden is desperate to an announce that an Iran deal,
18:42
Speaker 1: and he doesn't care what the substances he is willing
18:45
Speaker 1: to give the Ayatola. I think literally anything the Ayatola wants.
18:50
Speaker 1: It is a political mission for Biden in the White
18:54
Speaker 1: House and to say it is indefensible. You know, it
19:00
Speaker 1: was a year ago that Biden surrendered to the Taliban
19:02
Speaker 1: and Afghanistan. Biden is right now trying to give Iran
19:06
Speaker 1: and the Iatola nuclear weapons. That that is the effect
19:10
Speaker 1: of the deal that they're negotiating is to make it
19:13
Speaker 1: inevitable that Iran has nuclear weapons. And let's be clear,
19:17
Speaker 1: the Iatola leads chance of death to America and death
19:23
Speaker 1: to Israel with thousands of people. In fact, every year
19:27
Speaker 1: they celebrate in Iran what they call Death to America Day,
19:31
Speaker 1: and that is it is the anniversary of the Islamic
19:38
Speaker 1: Revolutionary Guard taking American hostages in nineteen seventy nine in Iran,
19:44
Speaker 1: and that is in effect a national holiday where they
19:47
Speaker 1: celebrated in Iran every day. Right now, today, the current
19:52
Speaker 1: Iatola Commune is actively trying to murder the former Secretary
19:59
Speaker 1: State of the United States Mike Pompeo, the former National
20:02
Speaker 1: Security Advisor in the White House, John Bolden, and another
20:07
Speaker 1: State Department official, Brian Hook. All three of them have
20:11
Speaker 1: hit squads being paid for by the Iranian government actively
20:16
Speaker 1: trying to murder them. And you may recall a couple
20:19
Speaker 1: of months ago, Tony blink In the Secretary of State
20:22
Speaker 1: was testifying in the Senate Form Relations Committee, and I
20:25
Speaker 1: asked him in the hearing, I said, is it true
20:29
Speaker 1: that the State Department is right now paying two million
20:34
Speaker 1: dollars a month for security for Pompeo and Hook to
20:40
Speaker 1: protect them from Iranians trying to murder them? He said, yeah,
20:43
Speaker 1: that's true. And I said, is it true that as
20:46
Speaker 1: you were sitting down in Vienna negotiating with the Iranians,
20:51
Speaker 1: that the Biden State Department asked the Iranians, hey, would
20:55
Speaker 1: you guys stop actively trying to murder former senior US
21:00
Speaker 1: government officials, and that they said no, no, we will
21:06
Speaker 1: not stop trying to murder them. And you still sat
21:09
Speaker 1: there and said, Okay, well, let's keep negotiating and and
21:13
Speaker 1: Blincoln back pedaled and he obfuscated. He didn't want to
21:18
Speaker 1: answer that question because the answer is yes, and about
21:21
Speaker 1: the only thing I got candor from Lincoln on as
21:23
Speaker 1: I said. My next question was, I said, mister secretary,
21:28
Speaker 1: would you agree that trying to murder the US Secretary
21:32
Speaker 1: of State is a pretty bit big damn deal At
21:36
Speaker 1: Blncoln was forced to laugh and say, yeah, okay, that
21:39
Speaker 1: that is a big deal. But who I'm stopped Biden,
21:45
Speaker 1: it is ludicrous. Here's some good news. The chances that
21:53
Speaker 1: the next Republican president, which I think will be in
21:56
Speaker 1: twenty twenty five, will rip up whatever ridiculous deal these
22:01
Speaker 1: guys negotiate. I think they're very close to one hundred percent.
22:05
Speaker 1: And that's something I'm trying to make very very clear.
22:08
Speaker 1: I'm trying to lay the basis for it, lay the
22:10
Speaker 1: factual credit it for it. The aetola. The biggest thing
22:14
Speaker 1: the aetola wants an agreement is some sort of promise
22:16
Speaker 1: that will bind the next president. Because Trump the most
22:19
Speaker 1: important national security decision he made was to tear up
22:23
Speaker 1: the older Rand deal. The next Republican president, whoever it is,
22:27
Speaker 1: I think there's widespread agreement whoever the next Republican president is,
22:31
Speaker 1: will tear up whatever disastrous deal this is. That's a
22:35
Speaker 1: very good thing. And you know, look, one of the
22:39
Speaker 1: things that the Biden team is desperately trying to find
22:43
Speaker 1: is some way to tie the hands of the next president.
22:46
Speaker 1: I don't think they'll succeed, but they're trying to write
22:49
Speaker 1: into the agreement clauses that, you know, hand over a
22:53
Speaker 1: massive amount of money if the next administration pulls over.
22:56
Speaker 1: They're trying to put poison pills in there to prevent
23:00
Speaker 1: the next administration from pulling out. We'll see what they
23:04
Speaker 1: come up with. But I think regardless, the next president
23:07
Speaker 1: is pulling out of this disastrous deal because allowing the
23:10
Speaker 1: Aetola to have a nuclear weapon is an unacceptably high
23:15
Speaker 1: risk that that weapon would be used to murder millions
23:18
Speaker 1: of Americans. Now, the Biden administration is clearly working overtime
23:23
Speaker 1: in this regard, but gen Z is not working overtime.
23:27
Speaker 1: And I know that we are going overtime, but I
23:29
Speaker 1: have to get your opinion on this. This is completely
23:33
Speaker 1: outside of the Iran deal or even the Education Bill.
23:36
Speaker 1: Is just a cultural matter. But it really shocked me
23:38
Speaker 1: as reading the Wall Street Journal that there is a
23:40
Speaker 1: trend that has taken over TikTok and all sorts of
23:44
Speaker 1: commentary among the zoomers, among Gen z, you know, the
23:47
Speaker 1: people younger than millennials, which is the trend of quiet quitting.
23:52
Speaker 1: And quiet quitting is when you keep your job. You're
23:55
Speaker 1: not You don't quit, you don't resign, you don't even
23:58
Speaker 1: get fired. You just do the bare minimum. You clock
24:02
Speaker 1: in at nine o'clock on the dot, you clock out
24:05
Speaker 1: at five o'clock on the dot. You don't pick up
24:07
Speaker 1: your phone, you don't work weekends, you don't do anything.
24:10
Speaker 1: And it was so bizarre to read this because I
24:14
Speaker 1: was always raised that you just work hard and you
24:17
Speaker 1: never stop working hard. And all the guys at the
24:19
Speaker 1: top are working really hard. I know you work about
24:21
Speaker 1: twenty seven hours a day. I've seen it up close
24:23
Speaker 1: in cities all around the country. How do you explain
24:27
Speaker 1: this trend and do the zoomers have any sort of
24:30
Speaker 1: point when they're looking for work life balance. Well, Michael,
24:34
Speaker 1: I gotta say, I think you're being agist, and it
24:37
Speaker 1: may just be that you've gotten too old and you're
24:40
Speaker 1: too far removed from the youngsters and you need someone
24:44
Speaker 1: like me. Who's who's more in touch with the utes. Listen,
24:52
Speaker 1: we have a prominent example of someone doing this, Joseph
24:56
Speaker 1: Robinette Biden Julian The guys had a job for a
24:59
Speaker 1: year to and he hasn't left his basement. You know
25:04
Speaker 1: it it um Look. I do think the pandemic had
25:13
Speaker 1: all sorts of harms, but it was particularly harmful to
25:16
Speaker 1: gen z. It was particularly harmful to people starting their careers.
25:22
Speaker 1: It's very harmful to kids too. I mean kids who
25:24
Speaker 1: had school shuts down, shut down. That was incredibly harmful.
25:27
Speaker 1: But you know, you have a lot of people in
25:31
Speaker 1: their early twenties who have their first job and their
25:33
Speaker 1: first job was during the pandemic where they worked from
25:36
Speaker 1: home and they just zoom from home. And I get
25:39
Speaker 1: to say now, and I talked to a lot lots
25:40
Speaker 1: of people in the workplace who say that that. You know,
25:44
Speaker 1: twenty somethings say hey, I'm just going to work from
25:46
Speaker 1: home this week, and they think that it's it's just
25:51
Speaker 1: the way it's done, that you just zoom in. And
25:56
Speaker 1: there are lots of problems with that, one of which
25:58
Speaker 1: is that that often people who are working from home
26:01
Speaker 1: don't work like they claim. I'm working, and magically they're
26:05
Speaker 1: doing everything from you know, playing golf to sleeping to
26:10
Speaker 1: you know, running on the beach, but none of which
26:14
Speaker 1: are actually the job presumably you're paid to do. But
26:19
Speaker 1: it also really hurts young people not to be in
26:22
Speaker 1: the office. And I look at you know, I mean,
26:26
Speaker 1: I think back to when I was in my twenties
26:30
Speaker 1: and just starting working, the experience of being there, of
26:35
Speaker 1: being in the office, culture, of seeing people who are
26:39
Speaker 1: more experienced, of learning from them. You know, look, I
26:44
Speaker 1: worked obviously as a lawyer. It is still very much
26:48
Speaker 1: the case that the way you learn how to be
26:49
Speaker 1: a lawyer, you don't learn how to be a lawyer
26:51
Speaker 1: in law school. You learn to be a lawyer much
26:55
Speaker 1: like they did in the days of Abraham Lincoln, which
26:57
Speaker 1: could you carry someone's briefcase. You just watch someone, you
27:00
Speaker 1: apprentice under someone who is doing it, and you learn
27:04
Speaker 1: by osmosis. You learn by just observing and being there
27:07
Speaker 1: and seeing the day to day rhythm and how you
27:10
Speaker 1: do it. And I do think young people in particular
27:15
Speaker 1: who think I don't ever need to go into the
27:17
Speaker 1: office to work are robbing themselves of really critical education
27:26
Speaker 1: and on the job training and that at the end
27:32
Speaker 1: of the day, it's not healthy for society, but it's
27:34
Speaker 1: not healthy for them either. Like working hard and you know, listen,
27:39
Speaker 1: I had years after years after years of you know,
27:44
Speaker 1: working sixteen, eighteen, twenty hours a day, and that that discipline.
27:53
Speaker 1: If if you want to do things that are important
27:56
Speaker 1: and significant, it takes that time and commitment and energy.
28:01
Speaker 1: And so I do worry that all of the lessons
28:05
Speaker 1: society is teaching the younger generations are lessons that are
28:11
Speaker 1: going to be really harmful for them in the long term. Well,
28:14
Speaker 1: I'm glad that I could. I could get that insight
28:16
Speaker 1: from someone who is young and hip to what the
28:19
Speaker 1: youths are talking about, and I can take that back
28:22
Speaker 1: and stew in that. Before we go, I have to
28:24
Speaker 1: remind you to subscribe if you're on Apple, Podcast, Spotify, Stitcher, wherever,
28:30
Speaker 1: go subscribe YouTube, make sure you join locals and the
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Speaker 1: Verdict plus community because there will be a whole other
28:36
Speaker 1: episode of The Cloak Room coming up with our friend
28:38
Speaker 1: Liz Wheeler. Liz, what are you going to talk about? Hi,
28:41
Speaker 1: Michael High, Senator. Yes, So it's very obvious that Biden's
28:44
Speaker 1: student loan debt cancelation executive order is unfair to people
28:48
Speaker 1: who have paid their debts off. It's also very expensive.
28:51
Speaker 1: It's going to cost the American taxpayer billions of dollars.
28:53
Speaker 1: It's redistribution of wealth, but opposite from what the Democrats
28:57
Speaker 1: usually advocate for. This is actually taken from the poor
28:59
Speaker 1: to give to the rich. It's also inflationary. It's going
29:01
Speaker 1: to increase or worse in inflation. But here's here's a
29:04
Speaker 1: million dollar question. Is Joe Biden canceling student loan debt
29:07
Speaker 1: via this executive order even legal? That's what we're going
29:12
Speaker 1: to explore it today on the Cloakroom. Join us at
29:14
Speaker 1: Verdict with Ted Cruise dot com slash plus. If you
29:17
Speaker 1: use my promo code Cloakroom, you can watch for free
29:20
Speaker 1: for the first month of your annual subscription. That's Verdict
29:23
Speaker 1: with Ted Cruise dot com slash Plus. Sounds fabulous, by
29:27
Speaker 1: the way, speaking of speaking of speaking, we want to
29:31
Speaker 1: see all of you in person. Verdict is going back
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Speaker 1: you submit your school today. Hyaf dot org slash Verdict,
29:48
Speaker 1: and I very much hope that I will see all
29:50
Speaker 1: of you in person soon. In the meantime, I'm Michael Knowles.
29:53
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