
-- On the Show: -- Isaiah Martin, 26-year-old Democratic candidate for House District 18 in Texas, which has a special election this November, joins David to discuss his campaign, the district, and the wave of upstart young Democrats running for...
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David Pakman
Foreign welcome to the bonus show. At 12:33 in the afternoon yesterday, Spain's electrical grid collapsed by 15 gigawatts instantly, which is roughly 60% of demand that feeds not only Spanish, but also Portuguese sports cities. So Madrid, Barcelona and Lisbon went dark. Subways stopped, trains froze, ATMs and mobile phones started to fail. Hospitals needed to switch to emergency emergency generators. Airports were on backup, delaying flights. By this morning there were some partial power restorations with the full restoration promise by the end of the day. How did this happen? How was it that this all took place if it was not sabotage, which right now it's believed that it was not? Spain has said nothing has been ruled out yet, but so far it is not believed to be a cyber attack. Portugal suggests the problem came from outside their borders, which of course points to Spain. Power was pulled from France and Morocco to stabilize the system. So is this grid mismanagement the likes of which we've seen in Texas, is, is it an equipment failure? Is it an accidental overload? It's unclear, but there have been warnings about Russian backed sabotage, which some people are still thinking of, even if nothing has been proven at this point in time. Really something?
Pat Ford
Absolutely. And this is an emergency situation, especially for the people who were trapped on subway cars or maybe trapped in elevators. Luckily, it seems like they're navigating the turmoil and hopefully power is restored, if not by the end of the day, by the end of the week. But this is just one of those things where if you're without power for an extended period of time, it's difficult to even imagine all the different things that it affects. Of course, you know, when you're young and there's a blackout at the house and you know, for an hour or two you get to play board games and bring out the candles and it's kind of a nostalgic thing or even sometimes a little bit fun, but then that's always with you knowing that the power is going to come back on within an hour. So when these things drag on for many hours, days even, it becomes really challenging and really problematic.
David Pakman
You know, about maybe a decade ago, I had a little condo that had electric heat. I've got like a little tickle in my throat. A condo with electric heat. And there was a power outage. Power outages were very rare at the time. And it wasn't like winter, winter, but it was sort of cold and I just lit every candle I had to try to generate a few degrees of heat and just put them around me, which probably isn't Even necessarily safe for sleeping. I got to tell you, I don't think I got even a half degree of warmth out of those candles. It just was not. It didn't really do too much.
Pat Ford
How many candles were you able to come up with? How many candles do you have just waiting around your house for such a situation?
David Pakman
You know, a lot of them were like those little, I think they're called tea candles or something like that. So I had like a. Like packs, packages of them, but they're so small. I mean, it was. It was a desperate, desperate move. It turned out blankets and, you know, sweatshirts was really what I needed.
Pat Ford
Right, of course. And now you're not going to take that heat for granted because you know that lighting up a bunch of candles just doesn't do the same thing. It's not nearly as effective as having power.
David Pakman
That's right. Now, in all seriousness, this is the second major European outage in just six weeks. Remember the shutdown in March at Heathrow Airport because of a fire? So there's a broader economic issue here. There are national security implications if indeed it turned out that there was some Russian connection, of which we have no evidence at this point in time. Domestically, to me, Pat, it's a reminder of just how at risk that Texas grid is because it's disconnected from the rest of the national grid. We've seen them have multiple failures as well. It's a very risky proposition. What Texas is doing.
Pat Ford
It absolutely is. We from time to time do experience the power outages in Texas, and of course, we're always willing to comment on it. But the politicians over in Texas often want to defend it, especially the right wingers. They claim that it's best that they are on their own power grid and they're not susceptible to what Washington wants or does. But of course, that comes with it, a whole lot of problems. And when their power grid goes out, you better believe that they want some federal attention on it. You better believe they want some people to come around and fix it.
David Pakman
So we'll see if anything is ultimately determined as to the exact cause, equipment malfunction, etc. But certainly a cautionary tale and really just a reminder of how much we are dependent in every aspect of our lives on electricity to a degree. I want to follow up about the Kristi Noem purse snatching. This was the situation where a purse with $3,000 in cash, her passport, keys, driver's license and her Homeland Security badge was stolen from a Washington, D.C. restaurant. Arrests were made and there's a very Interesting little detail here. The Trump administration tried to turn this into a political action, saying that this was the targeting of Kristi Noem for political reasons. However, they now have a suspect, a 49 year old Chilean national who's been arrested who says he had no idea who he was stealing from. He didn't know he wasn't targeting Kristi Noem. He didn't even know who Kristi Noem was. Now the story is building because now apparently a second arrest has already been made in Miami of a suspected coconspirator, which is also like, wow, it was a conspiracy to just snatch a purse. That's kind of weird and interesting. I don't know exactly how much planning is required or goes into that, but we're learning, Pat, that it genuinely seems to just be a random theft. Using the foot to slide the purse out, which is a classic. You know, there's cities in Europe where this is like a classic move to steal purses. And it seemed like it was just coincidence that it was Kristi Noem and that she had, she had three grand in her purse, which I think last week we said it was because she was going to be buying gifts for.
Pat Ford
Easter, she was going to be buying stuff at the restaurant and then buying gifts for Easter. Apparently, she couldn't just have a credit card on her. She had to have the $3,000 in cash. But that is her decision if she wants to do that. It, of course, does put her at risk of losing the money if someone steals it, whereas you could just cancel a credit card. But it is an interesting story, especially because there seemed to be so many resources that were directed towards solving this crime. Like, if this happened to any old person, I'd imagine that it probably wouldn't get all that far. But now they not only have a suspect, they also have a suspected co conspirator. They're really diving deep when it comes to this story, and I think it's because it has to do with the Secretary of the Department of Homeland Security, and it's not just some average Joe.
David Pakman
Now, of course, the Trump administration immediately tried to weaponize it. They said, this is a career criminal who's here illegally. We need to deport more people. We need to deport green card holders, student visa holders. We got to deport everybody because someone stole Kristi Noem's purse. The bigger problem really is the politicization of ordinary crime, because purse snatching does happen in every major city. And if you start tying random street crime to immigration enforcement, you will distort public perception and dehumanize immigrants, which I know is what they want to do, Pat. Like this is sort of their M.O. but you don't need to tie any petty crime to immigration policy and national security. But they are very incentivized to do that.
Pat Ford
Yeah, this is like a perfect propaganda story for the Trump White House. I'm not saying that they engineered this, but I'd have to imagine they're okay with it happening. Ultimately. Yeah, maybe Kristi Noem loses out on some money and she has to deal with this headache, but it will allow them to make the argument that there are so many undocumented immigrants in this country and they're all committed in criminal crimes and maybe they're even targeting specifically the Department of Homeland Security secretary, even though there's no evidence that the suspect knew who she was. It all ties into the arguments that they want to make, which we point out all the time don't really make sense as arguments because we know that native born citizens actually commit more crimes than immigrants, whether they're documented or undocumented. But you just have to pick out these few examples, have people made aware of these specific incidents and then you let people extrapolate conclusions on their own. People will, on their own sort of think that, okay, well, this is probably emblematic of greater issues going on in the country. Undocumented immigrants are maybe more likely to commit crimes than native born citizens and they come away thinking something that's not true at all but serves the government's agenda.
David Pakman
The thing I still don't understand and hasn't been explained is what the security setup is for Kristi Noem, such that someone was able to get the this close to her. And that hasn't been explained. And maybe they're not explaining it on purpose.
Pat Ford
I don't know, maybe the person really just was at a table far enough away from her where they didn't have to interact with her. So that didn't raise any suspicion from security, but they still were able to hook their leg over to her purse, grab it and just take it like that and leave the rest.
David Pakman
Does that make sense? Can you be so far that that security doesn't notice you, but close enough to steal the purse with the leg? I wish I could see exactly where she was sitting, you know.
Pat Ford
Right. And if there were a lot of people at the table, if she was with her family, which is apparently what happens, maybe there was just so much going on that this person was able to accomplish this and because the purse was on the floor, no one was Paying attention to what was on the ground. Yeah, Certainly possible, even if you do have a few security members with you, that something like that could happen. But it also seems like pretty risky business for the person who attempted it. And very much time got away with.
David Pakman
It and temporarily got away with it, but now it seems that they've got him. All right, let's talk about Trump coin. Remember when Trump launched the meme coin in January? And the the coin's website has now announced that the top 220 holders of the coin will get invited to a private dinner with Trump at his D.C. golf club. This immediately jumped the coins value by $100 million. He's running a pump and dump while he is president, which is just wild. Now, immediately, Senators Adam Schiff and Elizabeth Warren, both recent guests on this show, by the way, sent letters demanding an ethics investigation, essentially saying you are literally selling political access for investments in your business. It's, it's overt pay to play. It's a textbook example of pay to play. And of course, this is even worse than it looks because there are foreign investors involved, some from exchanges banned in the United States. It's been circumvented. There's no real oversight. The ethics office can recommend investigations, but they can't enforce a damn thing on a sitting president. And 80% of the coin supply is controlled by Trump's businesses. So you're not really just buying dinner. You're buying dinner, a seat at the table, and maybe some policy favors if you play your cards right. I don't know. And the bigger story here, of course, is Trump using the presidency like a private ATM machine. And I got to tell you, Pat, he's going to get away with it. I don't see any way that he doesn't get away with this.
Pat Ford
He absolutely is going to get away with it, in part because the Office of Government Ethics say that they can't do anything when it comes to this. They can only make recommendations. And the presidents and the vice presidents are held to different standards than other government officials. So someone in a lower position, maybe they could go after them, but not when it's Trump. And that's all he needs to hear. He's going to be totally willing to run these scams through the remainder of his presidency and after he's no longer president. So it makes me wonder if it even is worth the time of Democratic senators like Adam Schiff and Elizabeth Warren who are calling for an investigation into this with their political capital be better spent on some other topic, especially when we know that a lot of this is really affecting Trump supporters. It's the Trump supporters who are buying the coins. Yes, we don't want anyone ripped off, but this isn't the American public at large who are the victims here. It's people who are full on Trump supporters that can't just seem to learn their lesson.
David Pakman
You know, when he said he would run the country like a business, it kind of seems like selling access to himself for personal gain is part of that. Like you've got to give it to him. He told us that was part of the plan.
Pat Ford
He did. And maybe it's just gotten to a point where we all sit back and allow him to run scams on his own supporters if they're not complaining themselves. Well, maybe we get to a position where we don't even try to make an issue out of this, because by and large, it's not progressives or independents who are the victims of these things. If people are voluntarily signing up to get scammed over and over and over again. If you haven't learned who Trump is after following him for 10 years and all the different scams that he's run, it's buyer beware at this point. Right? Maybe we just leave it at that.
David Pakman
It's a very expensive way to get a mediocre well done steak with ketchup at Trump's golf club. And it is not, by the way, is, is dinner with Trump considered a prize? Like, that's maybe the saddest part of it all, which it confirms that the people engaged in this, at least a large share of them, aren't doing it because of the financial viability or the, you know, structural underpinnings of this coin. If, if getting dinner with Trump is such a thing to motivate people, it seems that this is primarily something that's appealing to cultists, it would seem.
Pat Ford
Well, also, when you hear dinner with Trump, that suggests that you're going to be sitting with him at the same table, conversation with them the entire time. Many people maybe buy into this idea that that's going to be the scenario that plays out. But if he's hosting the dinner with 220 holders of the token, of course they can't all be at the same table. Of course it's going to be a big room with a whole bunch of tables. Maybe he'll do a little speech before or after the dinner, but that's going to be essentially it. I can't imagine that these coin holders are going to have any significance one on one time with the President. Aside from maybe just shaking his hand briefly.
David Pakman
Exactly. If it's, if it's this number of people having dinner, then it is really difficult to imagine that this is going to be a dinner of any serious character. Although Trump, I'm guessing, will sit there, I guess, and eat something with people. But it all sounds pretty depressing. And, you know, I've been to events that are only 25 people and you still get almost no time with whoever is like the host, the name at the top of the page. I can't imagine how little time you would get at this. But listen, it's a prize to some people and I guess I should take a look. Trump coin. I'm curious. I know that there was a huge bump, but let's see where the price is right now. If we look back at seven days, yeah, it definitely spiked the price significantly, but nowhere near. So it basically this little scheme pushed the price from 8 bucks a coin to 13. So that is a significant increase of nearly 100%. But recall that during the pump and dump phase, it was at $72 a coin, so it's still just a pathetic 10%, roughly 15% of where it once was.
Pat Ford
I'd imagine. It's just like the DJT stock, the truth, Social stock. Every now and then there's some news that comes out that rockets up the price, but over time, it just bleeds and slowly declines. Waiting around for that next bit of positive news to come its way. That's. That doesn't sound like a very safe or lucrative investment to me.
David Pakman
Not what I don't do any recommendations of investments on the show, but this is one I would recommend against pretty, pretty comfortably. So take that for what you paid for it, which is zero. Well, I guess if you remember, you're paying a little bit for the Bowman show, but. All right, we'll see everybody back here tomorrow. New show, new bonus show.
Podcast Summary: The David Pakman Show – Episode 4/29/25: Trump Official Can't Deny Empty Shelves as Canada Goes Liberal
Host: David Pakman
Guest: Pat Ford
Release Date: April 29, 2025
Overview: The episode opens with a discussion about a major power outage that struck Spain and affected Portugal. At 12:33 PM the previous day, Spain's electrical grid experienced an immediate collapse of 15 gigawatts, equating to roughly 60% of its demand. Major cities including Madrid, Barcelona, and Lisbon plunged into darkness, disrupting subways, trains, ATMs, mobile phones, hospitals, and airports.
Key Points:
Notable Quotes:
Implications: Pakman draws parallels to Texas’s independent power grid, highlighting the vulnerabilities of being disconnected from a national grid. The recent European outage, combined with the previous shutdown at Heathrow Airport in March, underscores broader economic and national security concerns.
Overview: David Pakman and Pat Ford share personal anecdotes about experiencing power outages, emphasizing the challenges and emotional strain such events can impose.
Key Points:
David’s Experience: About a decade ago, Pakman recounts a power outage in his condo with electric heat, resorting to candles for warmth, which proved largely ineffective.
Quote:
Pat’s Reflection: Ford highlights the stark difference between brief, manageable blackouts and prolonged outages that can lead to serious complications.
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Discussion: The conversation underscores the human dependence on reliable electricity, contrasting minor household outages with large-scale blackouts that disrupt entire communities and critical infrastructure.
Overview: The hosts delve into a high-profile theft involving Kristi Noem, the Secretary of Homeland Security, whose purse was stolen in Washington, D.C. The incident included $3,000 in cash and essential personal items.
Key Points:
Notable Quotes:
Implications: The conversation criticizes the administration's rush to politicize a personal crime, potentially using it to fuel anti-immigration sentiments and distract from more substantial issues. The hosts argue that linking random street crime to immigration policy distorts public perception and serves political agendas.
Overview: Pakman and Ford discuss the emergence of "Trump Coin," a meme cryptocurrency launched by Donald Trump. The coin recently saw a surge in value after announcing exclusive benefits for top holders, including a private dinner with Trump.
Key Points:
Pump and Dump Scheme: The coin's value spiked by $100 million following the announcement, which Pakman suggests is indicative of a pump and dump strategy.
Ethics Concerns: Senators Adam Schiff and Elizabeth Warren have called for an ethics investigation, accusing Trump of selling political access in exchange for investments.
Quote:
Regulatory Issues: The coin involves foreign investors from banned exchanges, lacks oversight, and is predominantly controlled by Trump’s businesses, posing significant conflicts of interest.
Presidential Immunity: Pakman notes the Office of Government Ethics cannot enforce regulations on a sitting president, rendering investigations largely symbolic.
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Public Perception and Support: The hosts express skepticism about the genuine value and benefits being offered, labeling the coin as appealing primarily to Trump’s fervent supporters, akin to a cult following.
Notable Quotes:
Implications: The discussion highlights potential abuses of presidential power for personal financial gain, questioning the ethical boundaries of a sitting president leveraging political influence for business ventures. The hosts predict minimal repercussions due to structural limitations in enforcing ethical standards on the president.
Conclusion: Pakman advises against investing in Trump Coin, emphasizing the high risks and questionable motives behind its sudden surge.
The episode of The David Pakman Show provides a comprehensive analysis of significant contemporary issues, ranging from international infrastructure vulnerabilities to the politicization of personal crimes and the ethical dilemmas posed by presidential business ventures. Through insightful dialogue and critical examination, Pakman and Ford offer listeners a nuanced perspective on events shaping the socio-political landscape.
Notable Quotes Recap:
Foreign Outage:
Personal Outages:
Purse Snatching:
Trump Coin:
This detailed summary encapsulates the key discussions, insights, and conclusions from the episode, providing a clear and comprehensive overview for those who have not listened to the original podcast.