Daily Review with Clay and Buck - Mar 30 2026

Summary

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The Clay Travis and Buck Sexton Show: Daily Review – March 30, 2026

Podcast Host: iHeartPodcasts
Episode Theme: Clay Travis and Buck Sexton tackle the week's biggest stories in politics and current events, with a focus on U.S. special operations in Iran, the psychology of presidential decision-making, shifting political dynamics in Michigan, cancel culture, border protests, race politics, small business growth, and exclusive interviews including with SBA head Kelly Loeffler.

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Episode Overview

This episode sees Clay and Buck combining sharp political analysis with witty banter while diving deep into headline topics: the possibility of dramatic U.S. intervention in Iran to seize uranium, the cinematic psychology of presidential action, shifting Democratic strategies amid changing voter attitudes, viral moments from the "No Kings" protests, and the realities of race and small business in America. The episode features memorable audio cuts, especially regarding Michigan politics and the No Kings rally, and a substantive interview with Kelly Loeffler, head of the Small Business Administration.

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Key Discussion Points & Insights

1. U.S. Special Operations in Iran: Is Reality Stranger Than (Action) Fiction?

• Hollywood vs. Reality: Clay reads a Wall Street Journal piece describing the drama of a proposed U.S. uranium seizure mission in Iran, comparing it to the plot of a blockbuster action film.
  • Quote (Clay): "Tell me Buck, that this doesn't sound like a pitch for Top Gun 3 or a television show about special forces." [01:00]
• Cinematic Presidency: They debate Trump's movie-like approach to presidential actions, suggesting his decisions might be influenced by a desire for legacy and drama.
  • Quote (Buck): "...to pull this off...would be an era defining peace in the Middle East. Biggest Trump badass move of all time." [03:09]
• Psychology of Risk and Ego: They discuss the concept of the “hot hand” in decision-making, warning against overconfidence following big wins, like military strikes.

2. Trump’s Iran Messaging and Political Optics

• Trump’s Public Statements: Clay reads a recent Trump statement threatening massive retaliation in Iran if negotiations fail.
  • Quote (Clay): "We will conclude our lovely stay in Iran by blowing up and completely obliterating all of their electric generating plants, oil wells and Carg island..." [07:40]
• Diplomatic Signaling: Buck speculates the Wall Street Journal leak may be part of administration strategy, not just journalism. Clay wonders if there's already a U.S.-Iran backchannel agreement.

3. Michigan Senate Race & Identity Politics

• Leaked Audio Scandal: Clay and Buck discuss leaked audio from top Michigan Democratic Senate candidate Abdul El Sayed, who avoids commentary on the assassination of Iran's Ayatollah due to “sadness” in Dearborn, a heavily Arab-American community:
  • Quote (El Sayed, via audio): "There are a lot of people in Dearborn who are sad today... I just don't want to comment on at all." [09:52-10:05]
• Sharp Critique of Leftist Identity Politics: Buck lambasts this as un-American and anti-Israel, drawing lines between anti-Trump, anti-American, and anti-Jewish sentiment.
  • Quote (Buck): "If I were emperor of America and I found out that somebody was a Khomeinist, I would summarily expel them from the country." [10:23]
• Electoral Impact: Clay questions whether leaked audio could actually benefit El Sayed due to the climate of anti-Trump polarization.

4. No Kings Protest Analysis & On-the-Ground Reporting

• General Mood: Detailed discussion on attendees, signs (“No one is illegal on stolen land”), and the emotional tenor.
  • Memorable Moment (Buck): "No one can be here illegally because we are not here legally... It makes sense in that it makes no sense." [19:38]
• Identity, Victimhood, and Modern Progressive Activism: Buck and Clay argue that many current protest narratives are less about actionable policy than expressive displays of virtue signaling.
• Race, Victimhood, and Meritocracy: They critique claims of systemic racism against black women in modern America, asserting that current diversity and affirmative action programs are largely discriminatory against whites and Asians.
  • Quote (Buck): "If emotional stability and linear thinking were requirements for voting, I truly believe the Republican party would get 80 to 90% of the vote." [23:47]
• Victimization Culture: Clay asserts that actual discrimination is lower than ever, and that the discourse is now driven by those who benefit from identity politics rather than suffer from it.

5. Exclusive Interview: Brecker Stoll (Daily Wire) on the No Kings Protest

• Inside Perspective: Stoll describes recurrent protest themes: persistent anti-Trump rage, an older demographic, and high organizational funding.
  • Quote (Stoll): “They're honestly all pretty much united by a hatred for President Trump… The protests keep being put on because they want to keep this momentum of rage.” [33:13]
• Dark Turn: Stoll shares a chilling encounter with a protester openly wishing for Trump’s death.
• Funding and Grassroots vs. Astroturf: Reveals that much of the protest infrastructure is supported by wealthy progressive organizations, not organic grassroots energy.
• Viral Messaging: Warns that although the physical attendees skew older, anti-Trump protest messaging does resonate with younger voters via social media.
• Safety at Protests: Mostly safe, but sometimes confrontational when press identity is revealed.
  • Amusing Close (Buck): “If you hold up a pocket constitution... they will shriek and catch on fire and run away like vampires.” [44:17]

6. Interview: Kelly Loeffler, SBA Head and Trump Cabinet Member

• Small Business Optimism: Loeffler highlights robust growth under Trump, with records in lending and economic optimism, especially with manufacturing jobs returning to the U.S.
  • Quote (Loeffler): "Small business is the backbone of our nation and President Trump knows that... Small businesses get it done." [47:45]
• Combatting Fraud: She details efforts led by VP J.D. Vance’s task force against massive COVID-era and blue-state small business fraud.
  • Quote (Loeffler): "We found $200 billion of COVID era fraud that the Biden administration either tried to forgive or sweep under the rug..." [50:48]
• SBA Modernization: Discusses attempts to ban foreign nationals from SBA loans, use of AI to help solo business owners, and how changes impact both rural and urban firms.
• Farming & Death Tax: Affirms Trump administration commitment to supporting farmers, eliminating burdensome inheritance taxes, and rolling back “Green New Scam” regulations.
• Cultural Issues: Women’s Sports and March Madness: Loeffler, a sports fan and former senator, celebrates recent moves to protect women’s competition in sports—crediting Trump’s early advocacy.
  • Quote (Loeffler): “I was the first US senator in history to introduce protecting girls sports in 2020... Finally the Olympic Committee has come around to that.”

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Notable Quotes & Memorable Moments (with Timestamps)

• On the Iran Special Ops Story:

  • Clay: "Tell me Buck, that this doesn't sound like a pitch for Top Gun 3 or a television show about special forces..." [01:00]
  • Buck: "Would be an era defining peace in the Middle East. Biggest Trump badass move of all time." [03:09]

• On Trump’s Iran Threat:

  • Clay quotes Trump statement: "We will conclude our lovely stay in Iran by blowing up and completely obliterating all of their electric generating plants..." [07:40]

• On Michigan Senate Candidate El Sayed:

  • El Sayed (via leaked audio): "There are a lot of people in Dearborn who are sad today... I just don't want to comment on [the Ayatollah's assassination] at all." [09:52]
  • Buck: "If I were emperor of America... I would summarily expel [Khomeinists] from the country." [10:23]
  • Buck: "Being pro Khomeini is really just a way of being anti Jewish and anti American at the same time." [13:12]

• On No Kings Protester’s Logic:

  • Buck: "No one can be here illegally because we are not here legally. Has got to be one of the all time takes..." [19:38]

• On Victimhood and Modern Racism:

  • Buck: "If emotional stability and linear thinking were requirements for voting, I truly believe the Republican party would get 80 to 90% of the vote." [23:47]
  • Clay: "If you're under 50, you have only benefited off of whatever your race is, if you've actually experienced racism it's in your favor." [25:42]

• On Protest Funding & Demographics (Brecker Stoll):

  • Stoll: “They're honestly all pretty much united by a hatred for President Trump… The protests keep being put on because they want to keep this momentum of rage.” [33:13]
  • Stoll: "Average age is 50s, 60s... at these rallies, it is older people, but this message... is resonating with younger people." [38:35]

• On Protest Safety (with Humor):

  • Buck: “If you hold up a pocket constitution... they will shriek and catch on fire and run away like vampires.” [44:17]
  • Stoll: "...as soon as my colleague put on his MAGA hat, that made them flee as well." [45:09]

• On Small Business & Policy (Kelly Loeffler):

  • Loeffler: "Small business is the backbone of our nation and President Trump knows that." [47:45]
  • Loeffler: "We found $200 billion of COVID era fraud... the Biden administration either tried to forgive or sweep under the rug..." [50:48]
  • Loeffler: "AI… is not only a force multiplier, but ...an increasingly important competitive weapon to become the dominant manufacturing superpower..." [58:52]
  • Loeffler: "...I was the first US senator in history to introduce protecting girls sports...Finally the Olympic Committee has come around to that." [65:41]

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Important Segments & Timestamps

• [00:28]–[03:31]: Iran uranium mission, cinematic comparisons, presidential psychology
• [07:40]: Trump’s statement on Iran posturing
• [09:52]–[13:58]: Michigan Senate race, Dearborn audio, Democrat coalition pressures
• [19:18]–[22:54]: No Kings protest, virtue signaling, border/identity activism
• [23:47]–[28:50]: Race, meritocracy, and the rhetoric of modern victim culture
• [32:03]–[45:27]: In-depth with Brecker Stoll on No Kings protest motivations, demographics, future plans, and protester safety
• [47:10]–[66:38]: Extended interview with SBA head Kelly Loeffler: economic recovery, fraud, small business/farming, policy reforms, sports/cultural accomplishments

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Conclusion

This episode encapsulates the show’s unique blend of news, analysis, and pointed humor. From Hollywood-tinged foreign policy speculation to sharp critiques of progressive activism and insight into the machinery of political rallies, Clay and Buck provide a panoramic view of contemporary American politics—anchored by exclusive reporting and high-level interviews. The spirit: entertaining, combative, and deeply skeptical of leftist orthodoxy, all while tying the day's news to bigger themes like leadership, civic virtue, and the American economic comeback.

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Transcript

[Kelly Loeffler]

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[Clay Travis]

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[Buck Sexton]

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[Clay Travis]

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[Buck Sexton]

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[Clay Travis]

right [e-mail] that's globalgam league.com in partnership with Level Up Expo. Welcome back in Clay Travis Buck Sexton show Buck, I just want to read some of this Wall Street Journal piece about the idea of going in to seize this uranium. It does, when you read a couple of these paragraphs, sound so much like a movie that it's hard. It's hard to believe this is is real. There would be several challenges here. Is among this. Tell me Buck, that this doesn't sound like a pitch for Top Gun 3 or a television show about special forces. Teams of US forces would need to fly to the sites likely under fire from Iranian surface to air missiles and drones. Once on site, combat troops would need to secure perimeters so engineers with excavating equipment could search through debris and check for mines and booby traps. The extraction of the material would likely need to be conducted by an elite special ops team specially trained to remove radioactive material from a conflict zone. The highly enriched uranium is likely contained in 40 to 50 special cylinders that resemble scuba tanks. They would need to be put into transportation cast to protect against accidents. Unless an airfield was available, a makeshift one would need to be set up to bring equipment in and out and take the nuclear material out. The entire operation would take days or even a week to complete. This totally sounds like a pitch that you would hear for a Hollywood movie.

[Buck Sexton]

When they're describing this in the article, I can just imagine as the SEAL team, you know, descends on the 4DAO site and is Sean Connery appearing going welcome to the rock.

[Clay Travis]

Yeah. And not only that, you can even think about the television show, television or movie components to this where the radioactive nerds interacting, meaning the guys who are in charge of getting all the radioactive materials out, interacting with the badass special ops guys, you would imagine there's a little bit of a cultural discord potentially between the engineers who are super nerds as it pertains.

[Buck Sexton]

Intel nerds are cool too. Clay, just to be clear, the intel nerds, you know, we have our we had our uses. Look, no, this is, this is a, it's an incredible plan. And in all seriousness, I know we're, we're having a little bit of a, a Hollywood moment about it, but in all, in all seriousness, it would be the whole thing. Even if what you're saying or your theory, Clay, let's just say that was true. To pull this off.

[Clay Travis]

Yeah.

[Buck Sexton]

Would be an era defining peace in the Middle East. Biggest Trump badass move of all time. I mean, this would be number one. This would be a moment up there with Trump getting shot in the air, raising his fist and telling everybody to fight, which is still the most iconic political presidential moment of our lifetime. So, yes, this would be pretty next level.

[Clay Travis]

Let me ask you this. You've briefed the president in the Oval Office before. President Trump has a cinematic sense for the presidency and also his role in the presidency. How receptive might he be? Some people out there can say, oh, this is crazy that you would talk about how this sounds like a movie or it sounds like a, you know, very television show, but a president who has a cinematic understanding of the role, responsibility and symbolism of the presidency. Wouldn't the pitch, if it's accepted, likely be that President Trump thinks of this as a badass action hero movie like action, that, that he is ordering. In other words, is that a crazy take psychologically that that pitch might resonate with him? Now, my concern is, after what we saw with Maduro and after what we have seen so far of the successful strikes on Iran, sometimes you start to be overconfident.

[Buck Sexton]

You think he's got hot hand fallacies. Sports analogy.

[Clay Travis]

Yes, another sports analogy from you. But, yes, you pull up from mid court, Duke fans know a little bit about this and drain a jumper. You feel like the next one you're going to hit. And so I wonder psychologically how all of this plays in, because it also, buck, is a master stroke that allows you to declare victory and have a signature event to point to. Because if we just pull out now, most people are going to say, I don't know the difference between this Iranian leader and the other one. It takes time to figure out whether there's going to be a substantial difference. Masterstroke, hey, we've got the uranium on the plane and we took away their ability to actually create nuclear weapons. It seems like it would appeal to Trump's cinematic sense of the American presidency.

[Buck Sexton]

It also, if we're going back to the Hollywood side of it for a second again, I understand that this is all very real and that there'd be U.S. forces who would be at risk and everything else. But just if we're talking about this as we do on a radio show for a moment, it reminds me a little bit also of the storyline or some elements of the Peacemaker, which I think is an underrated. Do you know the Peacemaker? George Clooney? George Clooney and Nicole Kidman. 90s military action flick about essentially rogue Russian nuclear material that they have to track down. It's. It's a pretty good movie. It holds up, actually, for what it is. So for any of you looking for a little bit of a throwback flick, but there's a whole thing about this is what it's just tracking down. I might, I don't care. Remember, if plutonium is back to the future, we all remember that, right? The plutonium, I think it's uranium that they're tracking in the Peacemaker, but it's nuclear fissile material is what they're trying to get. And this has been a concern for. Well, that had been a concern, obviously for a long time, that it would get out into the open market and there'd be some rogue elements, whole dirty bomb, dirty bomb scare during the Bush Cheney years. But now this would be taking nuclear material from the, I would assume, the most defended sites. Now, they've been hit hard with missiles and everything else, but this is not. This is not landing on the beaches along the Strait of Hormuz to create a, well, a beachhead of security, essentially, for the tankers going through. This would be right in the middle of Iran taking it, getting there, getting it out.

[Clay Travis]

It's a crazy potential outcome.

[Buck Sexton]

By the way, I don't think the Wall Street Journal writes this unless somebody from the administration is talking to them about it.

[Clay Travis]

Well, that. That's why I wonder again, my alarm bell's going off. Could there be some agreement tacitly behind scenes that the US Is going to show up and get this?

[Buck Sexton]

And we also have a precedent here with Trump had talked about, hey, Maduro, you better, you better, yes, you better stop messing around. And Maduro's like, come and get it. It's like, oh, well, he won't ever do that because they know he's coming. He doesn't care.

[Clay Travis]

Yes.

[Buck Sexton]

So this is not, oh, the plan is ruined. I think Trump at some level wants the Iranians to know that this is in play as well, which is what he just tweeted.

[Clay Travis]

The United States is in serious discussions with a new and more reasonable regime. Uh, great progress has been made. But if for any reason a deal is not shortly reached, which it probably will be, and if the Hormuz Strait is not immediately open for business, we will conclude our lovely stay in Iran by blowing up and completely obliterating all of their electric generating plants, oil wells and Carg island, which we have so far, and he says possibly all desalinization plants as well so far he says we haven't touched those areas. This will be retribution for our many soldiers and others that Iran has butchered and killed over the old regime's 47 year reign of terror. Thank you for your attention to this matter. Now, Buck, the other thing I wanted to play, and I do think this is interesting and I should say, by the way, Breca Stroll from the Daily Wire will join us at 1:30 Eastern to talk about the no Kings protest. And Kelly Lefler from President Trump's administration will be here in studio in the Nashville studio with me at 2:30, as there are a lot of Trump administration officials in the Nashville area right now, including Vice President J.D. vance. But Buck, listen to this. We're talking about, hey, what should happen in Iran. It's important to recognize the political ramifications of this. Michigan is having a Senate race, open Senate seat. They are picking both a Democrat and a Republican to run for this open seat. If Republicans were to win it, it would basically end any chance of Democrats taking back control of the Senate. This is one of the top Democrat contenders, a Michigan Senate candidate named Abdul El Sayed. And here he is on audio saying, I've got to avoid taking a public position on the assassination of Ayatollah Khamenei because there's lots of people in Michigan who are sad about it. Dearborn in particular. Listen to Cut to. Oh, this is going to destabilize reason.

[Buck Sexton]

I also want to remind you guys

[Clay Travis]

that there are a lot of people

[Buck Sexton]

in Dearborn who are sad today.

[Clay Travis]

So, like, I just don't want to

[Buck Sexton]

comment on

[Clay Travis]

at all.

[Buck Sexton]

Like, I, I don't think it's worth even touching that.

[Clay Travis]

This is where we are, Buck. Democrats running for Senate seat in a battleground state like Michigan. This is him talking. This is one of the top three Senate candidates. There is audio of him saying, hey, too many people are sad. I can't even discuss the fact that we took out the Ayatollah.

[Buck Sexton]

If I were emperor of America and I found out that somebody was a comanist, I would summarily expel them from the country.

[Clay Travis]

Yep.

[Buck Sexton]

Now I wish we could do that. We can't lawfully if they're a US Citizen, we can't do that. But I'm talking about.

[Clay Travis]

Even if you're.

[Buck Sexton]

If you're a Khomanist and you're a US Citizen, I'd say no, you know what? You're done. You're out. If only, guys, we should elect the emperor of the universe because what that means, and this is what matters for our conversation here, what that means is that you hate America and you hate Jews and you hate Israel because it's not possible to support the Iranian regime without all of those.

[Clay Travis]

The.

[Buck Sexton]

The regime, not the people. Without all of those things being true. I mean, it would be a little bit like, oh, my gosh, there are so many people who are sad about bin Laden getting taken out by Seal Team Six. Ok, well, then you're an Al Qaeda supporter or, you know, you're an Al Qaeda sympathizer. I mean, Khomeini is, Is a vile terrorist piece of. You know what? That is just the. That is just reality. These are horrible people that ran a country into the ground. That should be a place that, Clay, you and I would say, hey, would be so fun to take our families back on vacation to Tehran. I know you hear that and it sounds absurd. It's only absurd because of the mullahs.

[Clay Travis]

Yes.

[Buck Sexton]

People, you could go back and look at what it was like in the 50s and in the 70s, early 60s.

[Clay Travis]

I mean, the video of people. I mean, it was the most advanced

[Buck Sexton]

chicks walking around in miniskirts and, and going to discotheques. Okay? That's what Iran was like. And then the Islamic lunatics took over the Islamic extremists and ruined the whole place. Just bad ideas can ruin any place. This is what you realize, whether it's communism, Islamism can ruin anything. Bernie Sanders, ism.

[Clay Travis]

Sorry, can we play that one more time? Because the other thing I love about this buck is the staff saying like, oh, yeah, great point. Like, listen to this. 17 seconds, here it is. This is one of the leading candidates to be the Democrat representative in the state of Michigan saying we can't put out a statement because too many people are sad about Iran's leader getting taken out all over Dearborn just outside of Detroit.

[Buck Sexton]

Oh, this is going to destabilize reason. I also want to remind you guys that there are a lot of people in Dearborn who are sad today.

[Clay Travis]

So, like, I just don't want to

[Buck Sexton]

comment on

[Clay Travis]

at all.

[Buck Sexton]

Like, I, I don't think it's worth even touching that.

[Clay Travis]

So again, this is leaked from inside of his campaign, and he's one of the leading candidates right now. He could be the nominee for the Democrat Party for the open Senate seat in Michigan.

[Buck Sexton]

I just want to know who these people are. I want. Why can't they just, you know, raise their hands? We should know who they are. You're upset that Khomeini's gone. I think that their fellow Iranian. Well, I'm assuming they're Iranian, but I think there are a lot of Iranian, Iranian Americans who would like to know. Really?

[Clay Travis]

Yeah.

[Buck Sexton]

You're a Khomeini ist. You should tell everybody about this. We should hear more about this. I actually think this guy at some level is. Well, he's just a leftist who is anti American, which is so common among Democrats, particularly among Democrats, for whom anti whiteness is their primary fixation and focus. So, you know, being pro Khomeini is really just a way of being anti Jewish and anti American at the same time. So this is how they view these things. It's not about, is Iran a good regime, a bad regime. It's just, you know, you hate white supremacist America, quote, unquote. You hate Israel and the Jews because you actually view that as an extension of white supremacist America, which, as we've discussed, is not reality, but in any context. But that's how the left in this country thinks about it. So, yeah, it's pretty nuts. A lot of wackos running around here.

[Clay Travis]

Here's the craziest part, Buck. What if that actually benefits his campaign? That audio cut that we just played? What? Because there's a lot of people on the right who were saying this is negative for him and his odds have spiked in a positive direction. He's the second favorite right now to be the nominee on Kalshi and Paul.

[Buck Sexton]

Oh, I don't think that's going to hurt him at all. I was assuming that's not going to hurt him at all. If you hate America because you're so anti Trump that you can't see anything beyond it. Anything that is against Trump, you are for. Right? So this is the way they view everything. So Trump is. Trump killed Khomeini and is trying to change the regime in Iran. Therefore, there are leftist maniacs in this country who are rooting for the regime and the continued suppression of the Iranian people and the continued terrorist tentacles all over the world and funding Hezbollah and funding Hamas and all the, you know, that's how they view the world. So it is a good versus evil thing at the end of the day. Everybody, we all get to pick a side. You know what side we're on. All right, look, if you've got old VHS tapes or maybe those old Betacam video cassettes and you don't have a way to watch them because you have a vcr, here's an idea. Get them digitized with the help of Legacy Box. No one does this better than Legacy Box, and certainly not at the price that they can do it for $9 a tape. Right now, digitizing with Legacy Box means moving the contents from those old media that you can't watch anymore to the cloud or on a thumb drive. And it means you're able to see them on your phone, smart TV, laptop, or iPad. And it's so easy to enjoy and share those memories once again when they're digitized. It's an easy process, too. Legacy Box makes it foolproof. I've done it. Clay's done it. Go to legacybox.com buck to get started. Now's a really good time to take advantage of their $9 a tape sale. That's 65% off their regular prices plus 90 days of free Legacy Box cloud access. Don't wait until it's too late. Visit legacybox.com buck to shop their $9 per tape sale and claim your cloud access. Legacybox.com Buck Clay Travis and Buck Sexton

[Clay Travis]

telling it like it is. Find them on the free iHeartRadio app or wherever you get your podcasts. The Bleacher Report app is your destination

[Buck Sexton]

for sports right now. The NBA is heating up, March Madness

[Clay Travis]

is here, and MLB is almost back.

[Buck Sexton]

Every day there's a new headline, a new highlight, a new moment you've got

[Clay Travis]

to see for yourself.

[Buck Sexton]

That's why I stay locked in with the Bleacher Report app. For me, it's about staying connected to my sports. I can follow the teams I care about, get real time scores, breaking news

[Clay Travis]

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[Kelly Loeffler]

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[Buck Sexton]

Welcome in second hour of play and Buck gets going. Right now we got the White House briefing is going to be starting Shortly we'll bring you any highlights, any important breaking news from that as we are here live with all of you. Also looking at those TSA lines to give you some real time updates as we can. Looking like still very much under control. TSA lines are not the nightmarish 4 hour stand, hurry up and wait marathons that they had previously been. Because Democrats do not want illegal alien criminals to be lawfully processed under our federal statutes and removed from this country. They completely oppose that idea, which is interesting because it's the law, but they don't care. Does the law matter to them? No, it does not. So now we have some other things to get to as well, Clay. We have the no Kings rally from over the weekend which I think should be called the March of the Malcontents. This is just people who are unhappy and upset and Democrats are a party driven by first and foremost emotion. Republicans say what you want about them, but we try to focus on reason, prior experience. We try to focus on what has worked, what will work, what is likely to be true. Now in the, in the general sense of things, Democrats are, this is how I feel. And they get very upset about whatever the issue may be. And here's a perfect example of this, Clay. A no Kings rally attendee. I mean you could do this all day, but this was trying to see who give them credit. It was a Fox affiliate put this out. A no Kings rally attendee is combining the stolen land thing with the no one's illegal thing with all kinds of stuff. This is, this is cut four. Play it.

[Clay Travis]

So you young ladies, you have signs.

[Buck Sexton]

First, tell us about your signs.

[Brecker Stoll]

Yes, my sign says no one is illegal on stolen land.

[Kelly Loeffler]

Wow, it's so true.

[Clay Travis]

Tell me about that.

[Kelly Loeffler]

Well, no one. We are on stolen land and you can't be illegal on it. It just doesn't make sense, Clay.

[Buck Sexton]

No one can be here illegally because we are not here legally. Has got to be one of the all time takes from the no Kings rally attendee here. But it makes sense in that it makes no sense and none of the things they say make any sense.

[Clay Travis]

It also goes to a lot of what we've talked about on this program, which is if you control the story of American history, then you can make arguments for the illegitimate nature of everything in the United States. Because if we are on stolen ground and if we are, if we ever had slavery here, then we are in a position where there is no moral authority to justify anything. And obviously the implication of her entire statement is which I wish the person interviewing her had followed up on there should be no borders, right? If we're on stolen ground and no one can be illegal, then the logical extension of that argument in her mind is there should be no borders at all, I guess, on any countries, anywhere in the world. Because basically all land is stolen, if you, however you want to define it. Unless it's land that no one has ever resided on before. I guess.

[Buck Sexton]

Also what are we supposed to do about said stolen land? This is another part of this and I don't want to spend too much time on it because it is so absurd. Really. The Democrat ethos can be boiled down. It has all the intellectual seriousness of a bad John Lennon song. Imagine with no borders. Imagine stolen land. It's all crap, ok? It's nonsense. It's a total waste of everyone's time. But I also would want to know if this is the position that they're going to take. What are we supposed to do about it? The point is nothing. No one will do anything about it. But it is meant as a show. It is virtue signaling. It is moral preening. It is, look at me, I care about things that I will not change today based on things that someone else did a long time ago. And now I take a bow for nothing. And this is unfortunately a very powerful, very potent force among these Democrats because these are unserious people who are unhappy. And unserious, unhappy people will look for any opportunity to feel better about themselves with unearned virtue, with an unearned esteem. And that's what the Democrat Party, so many of the causes come down to. Agree with us on this. And you're a good person. Why shut up. Because the people on the television tell us that or because the people on the Internet are saying so? Here is. But we're going to have Daily Wire reporter Brecker Stoll with us in just a little bit. Here she is, Clay at the DC Note. Remember, there's a whole bunch of these, but there was a huge one in New York City. My family walked through it in New York or walked past it and told me that, you know, it's exactly what you would expect. It's a lot of shrill, unhappy looking people. That's really the primary demographic. Here's the DC No Kings protest. This is Cut five. This is Breck A. Stoll, who will be with us in a little bit. Talk about it. Play it.

[Kelly Loeffler]

Waking up every day as a black woman is such a political act.

[Brecker Stoll]

So that in itself is exhausting. But like the fight never stops.

[Kelly Loeffler]

I can't Wait until this is behind us. And we don't have to worry about people dying in ICE custody. We don't have to worry about losing our rights as women, as black people, as any marginalized group. So got to represent.

[Buck Sexton]

Yeah.

[Brecker Stoll]

And how are those rights being taken away right now?

[Kelly Loeffler]

How are they being taken away right now? So literally, just like I have teachers as friends, and they are struggling to try to educate our kids in classrooms. So because of what this administration is doing, black women are pretty much being murdered in medical professions where we go to seek medical care. And that research is being defunded.

[Buck Sexton]

Clay, if emotional stability and linear thinking were requirements for voting, I truly believe the Republican party would get 80 to 90% of the vote. 80 to 90%.

[Clay Travis]

I mean, I give credit to Brecker, who's going to join us here in a little bit for asking the questions. Follow up, you know, you make your argument, and then you say, okay, what evidence do you have for that? I. The real essence of this is if you have been born. I think this is so true. If you have been born, I bet you would sign on to this. Since 1970, in the United States, there is virtually no discrimination whatsoever that you have faced. And frankly, if you are a black woman, the data actually reflects that you have been rewarded merely for being black. In other words, instead of being a victim, you have been given rewards based on your race and gender that you did nothing other than be born to receive. And obviously, this is. The entire idea is we have to address past racial wrongs by creating racism in favor of people who've been discriminated against in the past. That's. That's really the essence of it. But, Buck, would you sign off on that? I don't know how old that woman is, but based on her voice, I would guess that she's 35, 40 years old. So that would mean that she was born in 1980. 1985, whatever the math is on that, to be able to figure out where she was, she might have been born in 1990. This is one of the craziest ideas out there. If you're 95 years old and you're black in this country, I think you have a reason to have grievance based on your early life. Life and how you were treated. I think that is fair. If you're under 50, you have only benefited off of the fact that of whatever your race is, if you've actually.

[Buck Sexton]

You've actually experience benefited you, you've actually experienced racism in your favor.

[Clay Travis]

Correct.

[Buck Sexton]

Which is now something that needs to be said a whole lot more. And, and because this is a fact, this is true, and the Supreme Court has affirmed this, but it's also true because it's true. We all know that there were changes in policy made explicitly to put black and Latino individuals, particularly female individuals, into elite universities and into elite positions in medical school and law school and into the workforce in jobs that they would not have gotten or positions that they would not have gotten were they of a different race, white or Asian particularly. Those are the ones that have been discriminated against. This is a fact. This is reality. It's happened in broad scale. We all knew this. And Clay, one of the reasons that I've always said this, one of the ways that I knew that I was a conservative was I went to a scholarship high school. So it was entirely free and it was very, very competitive admission for the high school in New York. Regis, Many of you know the school if you're from the New York area. And the average income in my class was below the average American household income. So you had a lot of people who were working class. I mean, that was the state, it was working class kids. But if you had a working class kid with great grades and really high test scores, this was the place you could go. If you were Catholic, it was only for Catholic kids. And I just remember very early on it was like, well, if you're here and you're black or you're Latino, it's basically pick your Ivy League school. But if you're one of the Asian or white kids here, you know, let's see if Holy Cross can give you some money. You know, let's see what suny's got for you in terms of the scholarship. Not to throw shade at those institutions, but they're not hyper elite. And it was just a very different. Now that, that wasn't true. There were like 10 kids a year went to Harvard for my class. But the point is very different standards of it. And I just said, this is not right. It's very straight. It was a very straightforward thing. I was a kid, I'm like, no, this isn't right. My friend who's the son of Korean immigrants whose parents literally own a dry cleaner out in Queens, he has like perfect SATs, but he'll be lucky to get into like a second tier school comparatively to a kid who's black in my class. That's not right. There's no way to, there's no way to explain that to me. Where I go, you know what, you're right. The history of discrimination. This is gonna. It's all crap. It was all lie. It was all nonsense. But you see this with the no Kings protest, Clay, you have all these people for whom the one thing, the one great fear in their lives is actually personal accountability. And I don't mean that in the Vegas sense. I mean that in what are you doing every day? Are you working hard? Are you taking care of your people? Are you. Are you an active member of your church, your synagogue, your mosque, whatever? Are you being a person of. Being a person who is dependable and who deserves respect and who's making good choices? Or are you a person? And this is what I think the no Kings rally is full of. Who just always wants an excuse. It's always somebody else, always some other fault, always the. Whether it's the. The white guy or it's the Republican Party or it's Trump or it's systemic racism or it's stolen land or whatever, it's always some wine in place of action. And that's why it never gets better.

[Clay Travis]

Correct. And again, I would just. I think when you hear that interview, think about that in the context. I know some of you are older, but think about that in the context of the life that anyone who is basically 50 or under has lived in. In America, there is no discrimination except discrimination in your favor if you are a minority. And so this constant victimization culture, the people who were actually victims are far less likely to claim that they are victims than the people who have actually benefited from discrimination in their favor. And I think that's because they've bought into this idea, which is the root of the Democrat Party these days, where everything is based on identity politics, and you are oppressed, basically, if you're anyone other than a white male. Now, white women sometimes also are included there, but by and large, white men are evil. And we all have to assess where victimization culture should. How you rank it on the oppression pyramid. And this woman is completely bought into it. And then when you ask her, okay, what's actually happened, what, you know, what she says? Black people are getting killed by medical care. Really? That would be quite a surprise. I think there are a lot of med malpractice attorneys out there that would say, hey, can I get those cases? Because if it were actually happening, it would be a tremendous boon to their practice, and there would be a lot of consequences. We'll come back. By the way, we're going to talk about with. With Brecker Stroll, who was actually there at the protest, see what she Thought about it, and I would just reiterate, it's a tremendous success. Yesterday they protested against kings, and today we woke up and there are no kings. What a tremendous, incredible, impactful moment it all was. Buck, I think you got us.

[Buck Sexton]

I do indeed. But turns out there are no kings. And also there are a lot of wimps out there in these rallies. So just remember that, all right? Born on America's darkest day of September 11, the tunnel the towers foundation has been helping America's heroes ever since. Heroes like Fire cap Andrew Donner. Inspired by the bravery of New York city firefighters on 9 11, Andrew devoted his life to serving his community. He rose through the ranks of his fire department, sharing his knowledge, training rigorously, and leading with courage. But after a brave battle, Andrew lost his life to lung cancer caused by occupational toxins. This 25th anniversary of 9 11, Andrew's story is a reminder of the profound impact that day had on our nation's heroes and their families. Andrew leaves behind his wife, Jessica, their son, his parents and sister. Tunnel the Towers honored Andrew by paying off the Donner family's mortgage. Help more families like the Donners. Your donation to Tunnel the Towers can bring hope and security to families who have sacrificed so much for us. Join us in donating $11 a month and amplify your impact with a car or land donation. Go to t2t.org that's t the number two t.org stories of freedom, stories of

[Clay Travis]

America, inspirational stories that unite us all each day. Spend time with Clay and Buck. Find them free iHeartradio app or wherever you get your podcasts.

[Buck Sexton]

All right, welcome back in here to Clay and Buck. Thanks for being with us, everybody. We have from the daily wire breaker stroll stole with us now, and thank you so much for joining. You were at a no Kings protest. Did you in fact find out that there is no king? What happened?

[Brecker Stoll]

Well, it's actually my third time trying to figure this out, my third no Kings rally. And unfortunately, I go in there with the same question every time. You know, explain to me how President Trump is acting like a king. And beneath the initial rage, I'm never given a concrete answer.

[Clay Travis]

So what is the general vibe of the. Of the no King crowd when you are there? If. What does it feel like? What is the average age? What is the makeup of these people? I mean, I think there's a lot of kind of fascination about how many people, to Buck's case, you should go read his book Manufacturing Delusion are in fact deluded in what they believe. But what's the vibe. And what's the crowd like?

[Brecker Stoll]

They're honestly all pretty much united by a hatred for President Trump. Like you said, a lot of older people, you know, this is different from other protests that I've been to. But no, Keynes does seem to draw out that older crowd. You know, they have talked about, they have these kind of getting ready sessions for the protest. And in those, they always express how important it is to not be violent, to wear, you know, inflatables to help bring down the intensity of the movement with this particular protest, and obviously very well organized. This is our third one. You know, we had the first one in June, the next one in October, and this latest in March. And it seemed to seems to me that these protests keep being put on because they want to continue and keep this momentum of rage and just anguish against the president and allow people to keep going out there.

[Clay Travis]

Where does this go to you? You've been to a bunch of them. Now, does this continue? Is there going to be summer protests? I mean, is this resonating, do you think, with leftists? Do they see the no Kings protest as a huge success in rallying voters? Are they going to run it all the way up through the midter terms? I mean, where does this end? Because by the way, we know that President Trump's not going to be in power again anymore in January of 2029. So, like, how long can the no Kings protest have validity?

[Brecker Stoll]

Well, to be honest, I'm surprised every time they roll out their new installment. And as Republicans typically say, after one of these protests, it seems like they're successful because, you know, still doesn't have a cane. But I did learn attending the protest, there will be a national strike. So if any worker should not go to work on May 1, and that was already being promoted, sounded like they were using that as a platform to kind of go ahead and get that message out. But what really alarms me kind of about this protest, and I know I told you they haven't been violent, but this is actually the first time I did hear protesters alluding to the death of President Trump. I talked to one protester whose sign said, I'm waiting for the big beautiful obituary. And then when I asked her when she thinks that might happen, she responded to me and she said, or sooner rather than later. And then she started laughing, which is pretty alarming to hear against a president, really against anyone, but especially a president who has had assassination attempts on his life.

[Buck Sexton]

So they're planning to continue with these, though. Is that the, I mean, what what do the Democrats really get out of this? Is it just performative? It lets the base show up, dye their hair purple, shriek about mansplaining and stolen land and everything else. I've seen some stuff online, I'm sure you've dug into this about where the funding from this comes from. It looks like very, very wealthy foundations, of course, which is just a pass through for very wealthy left wing individuals are writing the checks for this stuff. So this isn't like some grassroots, oh, we're just going to get together because someone posted something on Facebook. There's a real infrastructure behind this. So clearly they're trying to do something.

[Brecker Stoll]

No. And you can see the infrastructure just because so many of the signs are the same and I'm not necessarily talking about like what looks like the homemade written ones, but there are manufactured printed signs that you see over and over through the Protest in Washington D.C. in protests in Los Angeles and in New York. So it does beg the question of how they're getting there. And then I think the goal of this because, and like you said, definitely after going, it makes you want to research these. And there's this one organization, it's called Saints at the Core. And the woman leading the organization, I listened to one of her interviews and she discussed in the interviews, the guy said, when did you start organizing people and start educating them on how to protest and how to, you know, kind of get out in front of the public and express their anguish with President Trump? And she said that they started organizing right before the 2024 election when it looked like President Trump was going to win. And that made me question, if he hadn't win, would they even or hadn't won, would they even have had a reason to organize at all? Or so it just shows you that this is really against President Trump and not necessarily any issues that they may have. You know, with a president on maybe the Democrat side who's doing something that they might have a problem with or think is too authoritarian.

[Clay Travis]

Where does this kind. I want to get a go go back again to who these people are. You're talking about what their motivation is, who might be funding them. You're relatively young. Buck and I are in our 40s. Would you say the average protest? And typically we tend to think of protesters as being younger, but Buck and I were up for the inauguration of Trump and we drove by one of the anti Trump protests at that inauguration and it was filled with a lot of people older than us. What do you think the average age is? Is it people in their 50s, people in their 40s. It's certainly not people in their 20s or 30s and certainly not many teenagers. And, and, and how does that potentially implicate to you what's going on? Who's being motivated?

[Brecker Stoll]

No, I would definitely say Average age is 50s, 60s. I watched a clip of leftist influencer Harry Sasson on cnn and he was talking about kind of the youth behind this movement. And his interview was behind the protest, which showed a bunch of older individuals behind him. And I definitely see this at no Kings rallies. But I think the problem that people are missing with this is yes, at these rallies, it is older people, but this message, this anti Trump message is resonating with younger people, you know, who are maybe have plans on Saturday, are, you know, at working on Saturday, aren't in retirement and have time or don't have time to go to these protests. And you got this. Republicans should be nervous coming into midterms if this message is resonating with younger Americans. Because, you know, I saw at no Keynes in some of these signs go viral that President Trump isn't following through on his promise of affordability. And when you have that being publicized and people thinking, wow, like, look at this, you know, these thousands of people who've come around the country who say that this isn't happening and then they maybe feel it, they feel that inflation, which, you know, rose under Joe Biden around, you know, 20% cumulatively, maybe that message starts to resonate. And so I think that this groups of people, they are older, they do have, you know, are upset with President Trump. But because this is such a big event on social media time after time and people keep it so current, I do think it allows young people on social media to see this messaging and then potentially leaves them questioning things heading into that midterm boost.

[Buck Sexton]

So there may be maybe some success. It sounds like from this for the Democrats, even though when we sit here, it's hard for, I think a serious person to take this seriously. BRCA but as I, as I look at this, they're clearly continuing with it the same way that Democrats continued in the, in the midterm with Biden to push the, the issue of threats to our democracy by having all those hearings about January 6th. I think for people that see the world normally, a no Kings protest is on its face absurd. But it's a Democrat mobilization technique, right? It's, it's Saul Alinsky get people out there in the streets shouting and screaming about something that makes them feel good and powerful and like they're doing something worthwhile, and then you can get them to do other things you want, like show up in the midterms and vote yes.

[Brecker Stoll]

And I think that will prove ultimately, like you said, that whether this movement has been successful because, yes, they've, you know, been able to coordinate again, a ton of retirees out on the street on a Saturday, but are they actually getting that to vote on these issues? And so definitely will be interesting to see if this does become ultimately successful. And then to your point on everything going on under President Biden, very interesting, because no one was protesting when, you know, Vice President Kamala Harris won that Democrat nominee without a single vote in the primary. And people still protesting. President Trump, a duly elected president, steps away from the nation's capital, exercising that free right and saying that he's a king, which we know if that really was the case, no one would be allowed to do that. And we're able to see that around the country. And I even had one man, he was just touring the Lincoln Memorial. And, you know, I took a break from protesters and asked him, what do you think about all of this? And he couldn't believe it because he said, president Trump isn't a king. You know, he's not perfect, but you got to compare it to other countries. And when you look at other countries, he literally said, the United States is probably the most democratic society out there.

[Clay Travis]

Do you feel safe if these things are going to continue? You said people are going to call out, not work on May 1. Do you feel safe at this event? Do obviously, you're representing the Daily Wire. We know that there have been people from Fox News, for instance, during Minneapolis where the reporters were being taunted. Do you feel safe interviewing people? What is the vibe like for you?

[Brecker Stoll]

When I go out there to different protests, I actually at no, Keynes, like you said, when you're surrounded by older people in inflatable costumes, you know, you feel, you feel like you're safe. Like you can. If something were to happen, you can handle yourself. I the protest at nighttime that I've attended or just in an area where there isn't as much police presence, you know, we have the National Guard here. So whenever I'm interviewing a protester in D.C. the National Guard is a few steps away. And so if something were to go wrong, I know that they would jump in and be able to help the situation. And I do. There are times where after people get upset when they find out I'm at the Daily Wire, and that's when they ask me, and they typically ask Me, you know, what outlet I'm with after I have given a follow up, which I view is a very fair follow up to what some of the things they've told me are. You know, when one woman was explaining to me how her rights were taken away as an African. African American woman, we played that cut

[Clay Travis]

a little bit earlier on the show. So that's a good one to give us an idea about.

[Brecker Stoll]

Yes. And so, you know, a fair follow up, in my opinion. What rights of yours are being taken away? And then immediately what outlet are you with? And I just always blows my mind a simple question of just, you know, explain, elaborate on your thoughts immediately, then puts me in question. And then her ultimately then, you know, saying that maybe I don't have the right to be there as the press.

[Buck Sexton]

Brca. This is very important for your physical safety when you're at these things going forward. I just want you to know if you've ever seen a vampire movie, you know how when you hold up a crucifix, they. You just need a pocket constitution, and you hold that up and it's just like in the vampire movies where you hold up. So you hold up the pocket constitution. Also, if you have not garlic, but red meat, they hate red meat. So if you just carry a little. A little ground beef in your pocket and a pocket constitution, they will shriek and catch on fire and run away like vampires. So you will be safe at these no Kings protests. We've got your back.

[Brecker Stoll]

Oh, thank you so much. And you know, it was funny, our. I was out there with another Daily wire employee, and then he had his maga hat, which he put on towards the end of the protest as we were leaving, and immediately that made them flee as well.

[Buck Sexton]

So, yeah, that's also. It also works. Also works. Breckers stole at the Daily Wire.

[Clay Travis]

Great work.

[Buck Sexton]

Come back next time you do one of these protests. And if Clay loses a bet to me, he might be out there with you, by the way. So we're looking forward to that. Yeah, that may be happening. Thank you.

[Brecker Stoll]

I'm excited.

[Buck Sexton]

Thank you so much.

[Brecker Stoll]

Thank you both so much.

[Buck Sexton]

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[Clay Travis]

Anything goes.

[Buck Sexton]

Clay Travis and Buck Sexton.

[Clay Travis]

Find them on the free iHeartRadio app or wherever you get your podcasts. Welcome back in appreciate all of you hanging out with us. We are joined by former senator, incredible success story in business and current member of the Trump administration, Kelly Loeffler. She's the head of the sba. And let's look, we're gonna have you here for a couple of segments. Welcome in. I'm glad to have you in studio here.

[Kelly Loeffler]

It's a great honor to be with you.

[Clay Travis]

Yeah, so we're, we're testing it out so we'll see how it goes. Hopefully this is going to work well going forward. You can watch it on video and let us know what you think. Look, let's start here. Small business is the backbone of American life in general. The number of small business owners that are listening to us right now I bet is massive. What are you seeing as you travel the nation? Because I think you've been to the vast majority of states since you took over about the overall economic climate. And what do you anticipate the impact of the big beautiful bill being for so many small businesses out there?

[Kelly Loeffler]

There? Well, you're exactly right, Clay. Small business is the backbone of our nation and President Trump knows that. He always says small business is big business and the American people know that they have put their trust in small businesses as an institution is ranked number one in America for trust, far above any other so called institution be it Congress or education or media. Because small businesses get it done. And I want to thank every single small business owner out there, every small business employee because they make Our Main Streets work. And thanks to President Trump, Trump's economic agenda, it's coming back. Because look what we've done. We've passed massive tax cuts that now small businesses have permanent expensing, 100% expensing to continue to invest and hire. I have traveled across the country, probably 15, 17 states this year, already about 40 states last year. What I see is a tremendous economic boom happening in the manufacturing space. And why is that so positive? Because manufacturing jobs are good paying jobs. They make our Main street strong. Main Street's coming back and then we have massive deregulation. Because President Trump knows, and I know from growing up in a small family business that that crushes small business owners when they're dealing with paperwork, bureaucracy and red tape.

[Clay Travis]

Let me ask you about one of those particular topics you just mentioned. Cuz I think people maybe don't understand how it can impact them. 100% expensing small business people who have to purchase expensive property to do their jobs, understand that. Why does that matter so much though for business in general in terms of accelerating growth?

[Kelly Loeffler]

Yeah. So first of all, the working family tax cut was really powerful for small business. Not just in making the tax rate permanent, the 20% pass through the 199 deduction, but 179 expensing, bonus depreciation, expansion, 100% expensing on R and D manufacturing, made in America. All these things are critical because that lets a business owner write off 100% of the cost of a capital expenditure or R and D in year one. It frees up tremendous cash flow. Because if you make an investment in a piece of equipment, well now you've got to hire a worker to help you with that equipment, but you have all your capital tied up in the equipment. Now they can buy the piece of equipment, have 100% write down against their income taxes and hire multiple workers. And so it's really generative in terms of economic growth.

[Clay Travis]

You met with the Vice President's fraud task force just recently, I think on Friday. How much? One of the things that I love about business is ultimately you got to either make money or you lose money and everybody has to make payroll. You've been through this. A lot of our listeners out there have been through it. When you see the amount of fraud in the reports that are coming out, how frustrating is it? How much do you think the Trump administration in this particular fraud task force can do to address it?

[Kelly Loeffler]

Well, first of all, we're going to do a lot. It's incredibly frustrating to know that up to a half a trillion dollars a year is wasted, According to the GAO's own reports on the federal government. Now, what this administration is doing, and I'm grateful that Vice President Vance is leading this task force because he's a doer. He's come from the private sector, like many of us in the Cabinet, who understand a small business could never run with this mismanagement, with this fraud and abuse of programs. At the SBA, we found $200 billion of COVID era fraud that the Biden administration either tried to forgive or sweep it under the rug, thinking no one would ever come after and look for it. Well, this is happening at hhs, usda, hud, and we are going to have results. And we know that taxpayers deserve to see people in bars, behind bars, and to have deterrence, not just to have people go to jail, but to make sure that this never happens again because we could substantially cut our debt and deficit by attacking simply the fraud and abuse in government.

[Clay Travis]

Let me tell people out there listening, if you have any questions you'd like for me to ask Kelly Loeffler here in studio with me at Clay Travis on Twitter right now. I'll look at those during the commercial break and we'll hit more of this with her. But I want to tell you right now, if you're trying to save a bundle up to a thousand dollars over the course of a year, you can get hooked up right now. £2.50 from your cell phones. Make the switch to pure talk today. That's £250. Make the switch to Pure Talk today. My kids, my senior in high school, my freshman and high school, they both have cell phones, Pure Talk cell phones. I use those cell phones to stay in touch with them. I trust them for my own family. You can trust them for yours. How much difference could $1,000 make to you by the end of the year? A tremendous amount of difference when you're getting all those Christmas presents and when you're paying all your bills and trying to make sure your family hits the budget. Save a bundle now. You can keep your same phone number and your same phone phone. £2 50 Save a ton with Pure Talk, a company that expresses and appreciates and supports your own values. That's £250. Say Clay and Buck, from your cell phone today. £250. Welcome back in Clay Travis, Buck Sexton Show. Tons of questions rolling in. And I'm going to get to some of these in a moment, but let's start. We were just talking about fraud and that is one of the primary tenets of a lot of these questions coming in. Particularly we're talking with Small Business Administration head Kelly Loeffler from the Trump administration, from the Trump Cabinet. She is in studio here with me. Buck is traveling to do meetings with advice with advertisers and supporters of the show right now. He'll be back with me tomorrow at the top of the show. So much questions about blue state fraud in particular and what we are seeing in California and the fact that there is now this fraud panel that is being chaired by the Vice President, designed to crack down on it. Are you even in your position? You've been to roughly 40 states now to work on small business issues. Are even you stunned by the degree of fraud that we are seeing in blue states from California to Minnesota and beyond?

[Kelly Loeffler]

Well, Clay, I think what's stunning about it is the fact that the prior administration, the Biden administration, not only didn't do anything about what is potentially a quarter trillion or a half trillion dollars worth of fraud annually in the federal budget, but that they, they refused to do anything and they helped promote it through their liberal socialist programs. And that is nowhere more apparent than in blue states. So take two of the states that we've looked at at the sba. When the Somali fraud rings were exposed, you know, last year, we immediately went to work, looked at it, found about 7,000 borrowers in Minneapolis, in Minnesota that we suspended. We went over and looked at California. We suspended 111,000 borrowers in the state that had committed upwards of $10 billion worth of fraud that the Biden administration tried to overlook. This is hard earned taxpayer dollars that have been stolen from the American people. We now have an administration, thanks to President Trump and Vice President Vance, that has the will and the ability and is putting the resources behind prosecution and then going forward, stopping it from happening again. We've made a lot of changes at the sba. One of them is banning foreign nationals from getting SBA loans. That has never been done in the history of the sba. Now LA county wants to sue me for doing that because they're completely America.

[Buck Sexton]

Last.

[Kelly Loeffler]

But this is what it means to stand up and put America first, is to make sure Americans are put to the front of the line and that their assets are protected, especially small business owners.

[Clay Travis]

This is an interesting question. I don't know if you've ever dealt with this particular angle before, but the SBA relationship to fema. The question is from one of our listeners, Dello, and he's saying that during his Time running his small business out of a home that a lot of times damages to homes and FEMA interactions and everything else, small businesses are frequently run out of homes and then so home damages become significant. How does that interplay work?

[Kelly Loeffler]

Yeah, you're exactly right. And you know, FEMA is generally a program that is directed at the state's response. They do have a limited individual benefit response. The SBA is different in that we run the largest government backed lending for disaster recovery. So we can lend up to a couple million dollars in a disaster for that individual to come back. Low cost, low interest rate, about three, three and a half percent, 30 year loans for disaster recovery. That's something that we attempted to do out in California, for example, after the wildfires over a year ago. But of course the bureaucrats and Newsom and Bass can't get out of the way. And so they have about 15,000 residents that have lost their homes and can't rebuild.

[Clay Travis]

Another question from American Rufus. A huge percentage of small businesses are sole proprietors. That is one and two man operations. How much can you focus? That is the smallest of small businesses. How do you grow those into bigger business? And by the way, what actually qualifies as small business? Because the goal obviously is to grow small business into big businesses, as many people have done. What's that universe like?

[Kelly Loeffler]

Yeah, so small business, the reason it makes up 99% of all businesses because they can be almost medium size. We haven't really changed the definition for a long time, but it's 500 employees and fewer for non manufacturing businesses. And for manufacturers you can have up to 1500 employees, which is why 98% of all of America's manufacturers are small business and about a $5 million top line. But could go up much more for manufacturers, that's for sure. But, but look, small business lending in under President Trump has hit all time records. We put out over 100 billion last year at the SBA for the first time ever. These are zero subsidy. So I will tell you that we are the most free enterprise government agency in the federal government because there's, they're not backed by taxpayer money. The banks pay a guarantee fee to cover the cost and we put out 60% of our lending to businesses of five or fewer employees. So that is a huge and growing piece because of AI. We're going to see solopreneur companies really boom thanks to the efficiencies of AI. So I think it's growing.

[Clay Travis]

How optimistic are you about AI's impact? You just said the vast majority of businesses in America are small businesses. What are you seeing as you've been to 40 some odd states about the ability of these companies to become more efficient with AI? And how optimistic are you about what that's going to do to help grow and increase profitability?

[Kelly Loeffler]

Well, I'm incredibly optimistic now that President Trump is ensuring that America leads in AI. Just imagine if China were leading in AI. This is table stakes for us to compete internationally and defend our national security. So you think about the automation coming into manufacturing. We're going to be able to reshore whole industries. And I've seen it firsthand. I've walked factories with 60 people in them that are reassuring businesses that we had lost to China years ago because of advanced manufacturing, robotic welding, AI. And so I'm incredibly optimistic that this is not only a force multiplier, but this is going to be an increasingly important competitive weapon to become the dominant manufacturing superpower in the world. A title which we gave away 30 years ago and 40 years ago. And the President in 1987, before he was President Trump, he was private citizen. Donald J. Trump was running full page ads saying our policies can be fixed with a by someone that has a backbone and that turns out to be him. He was prescient. He's been completely convicted that we must have manufacturing in America. That's what he was fighting for 40 years ago and now we're finally getting it back.

[Clay Travis]

Mary writes. And I'm sure this is something you think about all the time. And by the way, thank you to all the questions that are rolling in here as we're talking to a Small Business Administration head, Kelly Lefler here in the Nashville studio. Thank you for all you're doing and also what the administration and the cabinet are doing. How much time can you spend trying to get good messaging out when so much from the legacy media is focused on the negative side associated with everything?

[Kelly Loeffler]

It's just such a great question and thank you for that. Because look, the American people know they're being lied to by the legacy media. They absolutely know it. And that is why I spend most of my time on the road. I have spent my entire 14 months on the job traveling around, meeting with hard working Americans, doing local media, talking to folks through great podcasts like this because we have to get the story out. We have such a capable cabinet, we have the best communicator in the world as the President and I'm excited. I've been out on the road with Vice President Vance as well so frequently and he's going to be continuing to get out more. So we are just getting started on the messaging. And I think her question's a really important one that we all take very much to heart. And by the way, this cabinet works so hard because we are so inspired by our president and the work that he's doing. And there's no better person to connect with the American people than him.

[Clay Travis]

A lot of people out there involved in farming, listening to us right now, particularly in rural communities. I know there was just a big farming event that was directly involved with things that the SBA is trying to do to help there. What in particular can you say to people out there in the farming community about what you're trying to do and what the administration is working on?

[Kelly Loeffler]

Well, Clay, I'm glad you asked. I'm from a five generation family farm, grew up working in the fields. And shout out to my brother and nephew Brian and Colin, who are probably in the fields right now. I was honored to join the President and Secretary Brooke Rollins at the White House last Friday. And we've partnered a lot with USDA at the SBA because farmers are original small businesses in America. And so the Trump administration has stood with the American farmer from day one to make sure that they have the ability to come back from this horrible green new scam that forced them to have diesel exhaust fluid pumped into their trucks and tractors and semis and so forth. We're rolling back those def requirements. The SBA came out with the grocery guarantee, which provides a 90% government guarantee on everything from farming to fishing to trucking to processing to make sure that our food supply is strengthened. And then we start to bring down prices and then things like E15 to have year round. E15, which is so important to our heartland, to produce crops that fuel our nation. The list goes on. Right? To repair. This is something that if you have a tractor, you could face thousands of dollars of downtime trying to get the implement into the equipment repair when you could fix it yourself. So this president, this epa, usda, sba, we are on the side of the American farmer like never before. And these are people who put it all on the line every day, literally seven days a week. No one works harder. And it's such a great honor to serve rural America.

[Clay Travis]

A big part. We got a couple of questions about this. People who own small businesses trying to pass it on to heirs, particularly farmers, the inheritance tax and how that can destroy a life's worth. You've mentioned five generations. For you, what is the latest that the president and his team and you guys have been working on to try to allow people like you said, the vast majority of businesses as defined by this, under 500 employees, by and large are small businesses. So families can keep those businesses in house.

[Kelly Loeffler]

Well, this is, this is something that the Trump administration ended through the working families tax cut. I mean, this is really confiscation when you think about the onerous tax that, I mean, I watched my parents have to pay thousands of dollars when we were barely making ends meet just to have an insurance policy in case something happened, a life insurance that happened to some, to them they would have to sell the farm if they didn't have life insurance to, to cover the proceeds of the tax owed in the case of death. I mean, this is truly transformative for farming, for small businesses to be able to ensure those family, those generational businesses that make our main streets work, whether you're a rural or urban community. And so this is just another example. But this is what Democrats do. They tax and spend and confiscate hardworking Americans, the sweat of their brow, equity in their businesses. And so that's, that's what the president and Republicans in Congress did, was to protect small business by ending the death tax.

[Clay Travis]

Last question for you. And this has been awesome. Appreciate you coming out to the studio here. You're a big time sports fan. We're in the middle of March Madness Final Fours being set left and right. Also, the Olympics came out and said, hey, men who are identifying as women are no longer going to be able to compete. So two part for you. How's the bracket looking and how are you enjoying March Madness transpiring? And this is direct result, I think of the president's statements on men and women's sports that the Olympics has now come out and said no more with this. Your thoughts on both?

[Kelly Loeffler]

Well, first of all, I was the first US senator in history to introduce protecting girls sports in 2020 on the Senate floor. It's a common sense idea that got a lot of pushback and saying it wasn't a problem. Well, clearly it was a problem. You know, six years later, we know it was devastating. Finally the Olympic Committee has come around to that. But look, I'm still on a high from the Team USA Hockey win. So, you know, I think we have millions of new hockey fans in the country. So I'm really glad they did that. But unfortunately there's so much work to do in this country still on protecting girls sports. And I'm so glad there's fighters up with me in Washington doing it. And then the other thing, the bracket. I mean I'm in a line. I graduated from there back in the 1900s and when I was a freshman there we went to the Final Four. We had player Kendall Gill. He ended up in the NBA. I'm thrilled with how it's looking and I just hope for my nephew that the Ally and I come out on top.

[Clay Travis]

It's been a good season. They'll be playing UConn after the miracle shot they hit to beat Duke. And then on the other side you've got Arizona going up against Michigan. We appreciate the time. I know how busy you are running all over the place and thank you guys out there for the questions. We'll be back close out the show next. But I want to tell you Cozy Earth makes some of the world's softest products starting with sheets and bedding. Hands down, softest sheets you may ever experience. Constructed to stay that way for years. Cozy Earth got hooked up. We love all the brands at Cozy Earth. They back everything with 100 night sleep trial 10 year warranty. You can try it completely risk free. Not too early to think about Mother's Day gift five weeks away. Cozy Earth perfect. If you're looking for something snuggly, in fact Cozy Earth robe, something she'll use and appreciate every single day, go to cozyearth.com use my name Clay as the promo code for 20 off. That's cozyearth.com promo code Clay for 20 off. And if you see the post purchase survey you can mention you heard about Cozy Earth here. That's Cozy Earth C o z y earth.com promo code clay do not be an unk.

[Buck Sexton]

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