B (7:25)
Yeah. Of course we always say great work by law enforcement. But here, Cash Patel trying to put himself at the center of this after the FBI seemed to bungle early moments of this investigation. Remember that we got this guy as quickly as we did, allegedly because of his own father turning him in. And so Cash Patel jumping in and going, we're so awesome at the FBI. As always, it's the leadership at the FBI that seems politically problematic. Cash Patel dambongino But the agents at the FBI are a separate entity. On balance. What's the most likely outcome here? I think this appears to be based on everything that's been confirmed so far. There's a lot of unconfirmed stuff based on what's been confirmed. Probably some kind of self described antifascist from a Republican gun loving family. What that means about American politics, society and culture. We're going to have to kind of leave that question for a different day. In the aftermath of the assassination of Charlie Kirk that took place two days ago, an assassination that is disgusting and depraved and appalling and representative of so much of what is wrong with the United States. It's important to contextualize this, and this doesn't mean that the shooter is not to blame for what he did, but we have to contextualize the environment of political violence that exists in this country. Political violence in the United States didn't just happen. It didn't just, oh, we have no political violence now. We have political violence. It's been fed and it's been normalized, and in some cases, it's even been celebrated. And one of the biggest agitators of that has been Donald Trump. The reason that political violence is now a part of American life, to a degree, is because of Trump and MAGA's agitation and Charlie Kirk's killing, which you don't have to like what he stood for. You don't have to feel. You don't even have to feel empathy for Kirk if you don't. Because some people wrote to me, they said, david, I'm having trouble feeling empathy for Kirk. You don't have to feel that to recognize that we're never going to get closer to a better country with political assassinations and political violence is just not going to happen. And so Charlie Kirk's assassination is kind of the latest in a grim series of these killings. And he was on stage answering a question about gun violence when the shot rang out. And within minutes, crystal clear video is circulating. Less than two hours later, Trump's on social media saying, kirk's a martyr for truth and freedom and radical leftists must be blamed for terrorism. There was no pause. There were no facts. It was just partizan blame from Donald Trump. And this came from a guy who's been shot at twice in the last year. I guess the one on the golf course didn't get anywhere near him, or maybe a shot didn't even ring out at the second one. But he was shot at at least once, and we know that, that. That he barely survived that one. You would think that surviving would make him a really loud voice against this sort of incitement, no matter who the target is. But Trump's kind of doubling down. He still laces his speeches with violent language. We still see the loathing of political opponents in public. That's extraordinarily performative. He incited January 6th, obviously. And so the truth is, political violence has not been totally partizan in its targets, but it's been overwhelmingly from the right. We went over the data yesterday, and one of the things that unfortunately, is happening. Is that under maga, when violence hits Republicans, it's time for a national mourning period. Trump ordering all federal flags flown at half mast. And the New York Yankees had a moment of silence for Charlie Kirk. And when it hits Democrats, you see indifference or mockery. I mean, just remember when Paul Pelosi, Nancy Pelosi's husband was, was attacked. Even Charlie Kirk joked about it. Trump has joked about it many times. And so you have to evaluate in the broader context of this political violence, the selective outrage from Trump's base. They know, who do we value and who don't we value? Whose deaths are politically useful and whose deaths do we want to downplay or avoid? And this is bigger than Trump. It's not just Trump. Mainstream outlets, even supposedly left wing ones, are framing Charlie Kirk as a respected debater and family man. And, you know, they ignore the extremism and the bigotry and his role in pushing lies about January 6th and other things. None of that means he deserved to get shot. Disgusting what took place. But you see them dehumanize Democratic victims. Paul Pelosi, people like George Floyd, and they call this. Some people had political disagreements with Charlie Kirk, as if it's just a disagreement over tax rates, for example. And the hypocrisy is really, really sharp. Now, there is also the impossible to ignore reality that the America in which Charlie Kirk was killed is an America that is a lot like the one he idolized, right? An America where he said, it's worth, unfortunately, we're going to have the cost of some gun deaths so we can have the Second Amendment. That's all we have. And he was the cost. Now, as I said yesterday, if you had told him when he said that, Charlie, you will be the cost on September 10, 2025, is that worth it? I don't know what he would have said, but we can't ignore that reality. The policies that he lived by to a degree, and the rhetoric that he espoused were part of the environment in which this terrible tragedy took place. And a lot of his supporters are now demanding sympathy from everybody, even though they didn't show it for murdered schoolchildren or Nancy Pelosi's husband, or, you know, to victims of police violence or whatever the case may be. Elon Musk immediately branded the left the party of murderers before we knew anything about what took place. Trump followed the same playbook. It's a playbook of weaponization at the end of the day. And this is an authoritarian propaganda tactic that we see used a lot. You seize a tragedy, you create an enemy, and you keep the temperature boiling rather than reducing it and saying, I don't care who's getting killed or who's doing the killing. It's all bad, and it will never get us closer to a better country. So this scaffolding, this climate that makes political violence feel like an option has been built in plain sight. And Trump thrives in an America where you dehumanize your enemies, you kind of wink, wink, we're against violence kind of. Right. But rough them up and don't treat the protesters too kindly. And all of this stuff and bloodshed is just used to prove that the other side is evil. So if you spend years pouring gasoline on the fire and then pretend you have nothing to do with the fire, you are going to be in a position much like what Donald Trump is in right now. You build a politics around cruelty and blood sacrifice, and then all of a sudden, there's blood. And it's tragic and it's disgusting. And we need to reinvent the political climate in this country. But to do that, we have to figure out who built the climate and got it to where it is. And Trump is absolutely one of those guys. All right, let's go from criticizing the right to criticizing some of what I'm seeing from Democrats here. The other day, I did a segment about the 2028 election. And in that segment, I said, here's some interesting candidates who might run. Here's some interesting candidates who might not run. I don't think Kamala Harris should run in 2028. That was my opinion. This is a show about my opinion, and I gave it. I explained that from a strategic standpoint, I don't think she can win. And that what happened in 2024 suggests to me that she's just not the best person to be the nominee in 2028. It has nothing to do with any of her personal characteristics. It's just my opinion. At the end of the day, that's what this show is. And I got half a dozen emails, not 100 emails, but I got half a dozen emails, very angry emails from people on the left saying, david, you're being misogynistic. I'm offended that you had the gall to tell Kamala Harris what to do. And I am very worried about that. Because if that is the reaction, we are in some serious trouble. We are in some serious trouble. If we are going to treat a strategic analysis like a personal insult and say, I'm so offended, David, we are setting ourselves up to Lose again. Look at the reality, okay? Harris ran in 2020 and her polling was a complete disaster. Dropped out before voting even started. In 2024, she had some disadvantages, right? Having only 107 days to campaign, being being sort of put in the role she was put in after Biden realistically shouldn't even have run for reelection. Like, she had some disadvantages that were circumstantial. But also her national numbers against Republicans were consistently shaky. She wasn't more popular than Joe Biden. Like, it wasn't misogyny. It was electoral math that led many to say, she can't win. Now, of course there can be misogyny if in why people, some people didn't vote for her. There were some voters who were just like, I'm not voting for a woman. That's not what I'm talking about. What I'm talking about is the political analysis here. 2028 is not going to be a low stakes election is almost certainly going to be close no matter who the Republicans put up. The Republicans could put up Marjorie Taylor Greene and hopefully she would lose, but it probably wouldn't be as much of a blowout as you would think. We cannot allow this stuff about being offended to be injected into how we pick a nominee or who we select. We need the strongest candidate that can win. Key states withstand relentless attacks and build a coalition that's broad enough to win and subsequently to govern. The problem is that there is a slice of the left that thrives on division, and it is a really easy tool to use on offense and to divide. If you say Harris isn't the best option, you get an email that says, that's misogynistic. If you critique a policy, you're told, oh, you're betraying the cause. So none of this is about persuasion or strategy. It's about shutting a conversation down and turning a disagreement into a moral failing. I respect everyone in my audience who says, you know, David, I think you're wrong. I think Kamala should run. I think Kamala could win. Awesome. Great. Let's talk about that. But, David, I'm offended at your misogynistic comment that Kamala Harris shouldn't run. We're in trouble. We're in some serious trouble. Now, there are things that Republicans do that I do not think we should emulate. And there are things Republicans do that should at least be considered. And one of them is that Republicans rally behind who they believe can win. You know, if they don't care if their candidate hurt their feelings last week and A lot of Republicans who ran didn't even care that Trump personally attacked them. They were like, we. I want to win. We want to win. We're going to get behind Trump. Democrats do not have a shortage of talent right now. You've got Gretchen, and, by the way, many women as well. Speaking of gender, Gretchen Whitmer is a strong option. There's governors, there are senators, there's mayor. Mayors around the country could mount really competitive runs. Plenty of women who would be formidable nominees. It's not about gender. I just don't think Kamala Harris's particular record, approval ratings and viability in a general election make her a good pick for 2028. And if you disagree with me, that's fine. I still want to talk to you. I still want to hear from you if you disagree with me on the facts. Now, the bigger picture is this. If the left continues to prioritize being offended over being strategic, I think we're just going to keep losing. Some on the left might want that. I remain skeptical that everybody on the left actually wants the more progressive candidate to win. Sometimes it seems to me that some on the left would rather lose. So they can go, I told you so. And just so, more division. I don't think it's a big slice of the left, but I think it's there. If you don't win, you can't govern. You just can't. Ok. If every critique is spun as bigotry, we're going to have a real problem here. And so I think we should make this about winning elections so we can implement policy, not so much about feelings. And if Democrats, the left, however you want to slice it, can't do that without crying foul. We might as well start writing the concession speeches now. I don't want that. Let me know what you think. Republicans are slowly realizing that Putin played Trump. Donald Trump is being played by Putin. And by the way, it's not only Vladimir Putin. Every authoritarian, every strongman, every corrupt operator, whoever crossed Trump's path has figured out, if you stroke his ego and feed him some compliments, you're going to get him to do what you want. Putin, of course, knows it. Netanyahu knows it. She knows it. Kim Jong Un knows it. They've all done it before and they're going to do it again. So this is not like a sudden realization. The rest of the world saw it a long time ago. Think back to the Helsinki press conference, where Trump stood next to Putin and said, I believe him over US Intelligence. He said it very strongly. Remember that world leaders quickly learned can manipulate Trump. You can manipulate him with the easiest, cheapest currency. It costs you nothing. Praise you, praise the guy. He's desperate to be validated. He's desperate to be liked. And the validation doesn't even have to be real. You can fake it. He's going to fall for it. And what we get in return is a president that's really easy to manipulate. You've got a weakened Naito tariffs that were supposed to hurt foreign economies, but they end up hurting the American economy. This hostile stance to President Zelensky of Ukraine, who's fighting a defensive war. And even when Republicans realize Trump's being played, they still soften it. Like Iowa Senator Joni Ernst said, putin is playing Trump, but Trump understands that. I don't know that Trump understands that. North Carolina Senator Tom Tillis said, russia's playing us like a piano. But he says, but Trump's not naive. Trump, they're not going to get away with it. Trump understands what's going on. I don't think Trump does understand what's going on. You then get the two weeks routine. Whenever there's a crisis, we're always two weeks away from the solution. Immigration reform in two weeks. A plan for Ukraine in two weeks. Sanctions on Russia in two weeks. Economic relief, it's in two weeks. And the two weeks never come. I mean, like, two weeks go by, but the solution never shows up. And this is stalling dressed up as leadership. And it is another opportunity to take advantage of Donald Trump. If he ends up in a tough spot, he still won't act. He'll go, give me two weeks on that one. Now, a lot of Democrats knew this. For all my criticisms today of Democrats, Kamala Harris said it to his face in a debate. Hillary Clinton warned that Putin would eat him for lunch or would eat his lunch. I don't remember exactly what the phrase was. And even Trump's own words have been the tell. Like when he blurted out, you're the puppet at Hillary Clinton in that 2016 debate. And really we knew that it was Trump that was the puppet. So this is the danger of a political movement built around one guy's ego and personality and desire to be loved. It means that when he's being manipulated, the whole country gets manipulated. And the most embarrassing part to me is that he's not good at hiding it. Every time he gets played, he brags, I'm so close that we get along so well. We know that's how they're playing you. That's exactly how you're falling for it. He never realizes the respect is fake, the praise is fake, the adulation is fake. They use the flattery as bait and Trump takes it and they just reel him in. And now Republicans are realizing it and they're going to have to decide, are we going to be willing accomplices in this thing or are we finally going to say something? I think it's the former. Let me know. Leave me a comment on YouTube or leave me a comment on my substack @substack. David pakman.com Every time you Google your name, you will probably find dozens of sites that expose your personal information. This can include phone number, home address, family details. It's just sitting there waiting to be scraped or abused. Incogni is a privacy service. They go after these sites on your behalf. They contact the data brokers. They demand your data be removed, which the brokers are legally required to do. Incogni will automatically remove your information from hundreds of the biggest and most notorious data broker sites. But you're not just limited to those. You can use Incogni's custom removal. If you find your info on a website outside of Incogni's default list, team at Incogni will work to get that information removed. 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Here's how different outlets, left, right, center, are covering the same story. And this is one of the few tools I know of that can really help you detect the political spin, the bias catch stories that your usual sources might downplay or not cover at all on everything from immigration policy to economic shifts. If you want to get a bigger picture a broader picture of what's being reported. Ground News is an invaluable source to keep you informed and Ground News is offering my audience 40% off their top tier vantage plan. You'll only pay five bucks a month. Go to ground dot news, slash pacman or enter the code Pacman in the app to get started. The link is in the description the David Pakman show is an audience supported program and I appreciate every single new member that has signed on recently. You can sign up@join pacman.com we do an extra show every day for our members. It's called the Bonus Show. It's more stories, more analysis, more discussion. We also have commercial, free audio and video streams of the show every day. You can put it in your podcast app. You can watch if that's better for you and lots of other great membership perks, all of which you can read about@join pacman.com I want to talk about a million job crater that has just opened up in the economy. It's now Trump's economy, but this predates Trump to a degree and also includes periods of time that Joe Biden was president. This is sort of a reality check. It is not a rounding error. These are not small adjustments. The Bureau of Labor Statistics has just revised job growth for the 12 month period through March and it turns out that we overshot by 911,000 jobs, almost a million jobs that never existed. This is about 76,000 fewer jobs and every single month spread across the year. The most recent trend is Even worse, just 29,000 jobs a month over the last three months. As you know, August saw only 22,000 jobs created. June was revised down to a loss of 13,000 jobs. And economists are now saying overall this is a jobs market in a standstill. This did not start under Donald Trump. The April of 2024 to March of 2025 period includes the end of the Biden presidency. But we have seen a deepening stall under Trump. Manufacturing, which Trump said he would bring back, has seen a loss of 78,000 jobs over the last year. Trump says the jobs are coming back in manufacturing. Actually the jobs are going out. We also have the reality that the reason it's accelerating under Trump is Trump is making it worse. And as I've said before, a lot of the economy depends on global business cycles, one off events, black swan type events, etc. But there are some things presidents can do to make it worse and Trump's making it worse. The immigration crackdown according to Morgan Stanley, right? This is not some liberal Rag Morgan Stanley economists say that the deportation fiasco is creating a problem in labor force growth. You've got fewer workers. That means slower hiring, means lower output. It means businesses are less willing to expand. And Trump's response has really been to attack the messenger. We had that weak jobs report from August, and we now ended up with Trump firing the head of the Bureau of Labor Statistics within hours, replacing her with a Heritage foundation loyalist who says Trump's doing so good. The tariffs are awesome. Everything's awesome. Now we have it. Job creation is not this black box shrouded in mystery. And you know, Trump wanted to create jobs. There are proven strategies that do work. A steady labor market, benefits from stable policy, not whiplash, not tariffs that are on and then off, not immigration panic that leads to unreliable sources of employees. We need to grow the workforce. Infrastructure is a big part of it. Supporting small and medium businesses and education programs, training programs. They talk about. What about the people that don't go to college? Well, yeah, we want to scale up trades as well, but they're not. They're not doing it. And so there's a lot of aspects to this that matters. But trade stability is close to the top because the tariffs have two effects. The tariffs themselves are an import tax I'm not going to go through and again, give you every. The blow by blow of how that all trickles down. And it does. But you put in tariffs, it's more expensive for the manufacturers. The companies making the stuff to buy the raw materials they need, they trickle down those price increases to the consumer. Consumers buy less, which reduces economic activity, which then means the companies that are now paying the import tax also have to lay off workers. The workers now have less money with which to buy stuff. It's a circle. Ok, so we know that. But then there's the second aspect of it, which is it's not just tariffs. It's tariffs that are on and then off, on and then off. They're 100%, they're 50%, they're 25%, they're 150%, they 70%. But is that on top of the previous 15%, or does that replace it? Who the hell knows? The problem with that is that the instability also leads businesses to say, maybe we will wait on hiring, maybe we'll wait on deploying a new product. And it also leads other countries to say, the US Is a mess. This is. You know, it's like, I don't like the person I'm dating who constantly cancels at the last minute. It's Too hectic. I'm going to switch to a more reliable partner. And that is what a lot of countries are doing. And so the slowdown absolutely started before Trump took office, but he is locking it in and the risk now is it turns into a deeper recession. So the idea of Trump as the peace president, well, that went out the window. The idea of Trump as the fixing trade president, that's gone out the window. But the idea of Trump is the Trump as the jobs president is not matching the reality. And the longer this continues, the more difficult it's going to be to reverse. And I haven't even yet talked about the tax bill today. I've talked about it before, which is also playing a major role. There is a new study that finds that 99% of Americans, not a typo, not a joke, 99% of Americans will lose income under Donald Trump. Only the top 1% will benefit. Once you account for tariffs, the tax bill, benefit reductions and other aspects of Trump Trump's economic policy. So far, he's figured out a way to do it again. Donald Trump has wrapped this massive transfer of wealth up to the rich in a package that he has said is about helping working families. The one big beautiful bill. And they wanted it to sound patriotic. They wanted it to sound like the sort of stuff that's covered in red, white and blue sprinkles with fireworks that blow your hand off and all of that nostalgic stuff. But unfortunately, it is a rigged deal. And that leaves 99% of Americans with less money in their pockets. But the 1% will walk away richer than ever. Now, this is not my interpretation. This is what a nonpartisan analysis is finding. You've got to look at it by 2027. It is true that in the short term, there are other income groups that will see some benefit. It's small, but it is there. But by 2027, income after taxes and transfers will fall for every single income income group other than the top 1%. If you are in the top 1%, you will get richer, but everybody else is going to get poorer. And here's how it's going to work. The tax bill has combined to Trump priorities, a set of tax changes buried in the bill. And then the tariffs for the middle 20% of Americans with an average income of $109,000, you'll get about a $950 tax cut, but the tariffs will cost you 2200 dollars. So you get a tax cut of 950. Tariffs cost you 2250. The net loss to you as an American making $109,000 a year is $1300 a year by 2027. If you're lower down than that, you might say, keep going, David. OK, the lowest 20% are going to lose $160 for from the bill's policies, but they are going to lose fifteen hundred dollars from tariffs. So that is more than 3% of their income. If you are barely scraping by, that is the difference between, between paying your rent in full or starting to fall behind a little bit each month, A little bit each month, or buying the groceries that you need versus not quite buying the groceries that you need now. Meanwhile, the top 1% gets a nearly $18,000 benefit from the tax bill, which is way more than enough to offset the higher tariffs of about $12,000. So that is going to leave the top 1% ahead by $5,000. And they were doing fine already. But over time it's going to get worse because some of the benefits expire after 2028. The cuts to Medicaid and SNAP keep going. In 2029, the poorest Americans are going to see incomes fall by 5% compared to the 3.4% dimension. For now, middle class will be down 2%. Even the top 1% will lose a little bit of ground, but by then they will have pocketed years of gains. So Trump's team has sold all of this as a working families tax cut. That's a lie. It doesn't do that. This is an upward wealth transfer, plain and simple. Trump benefits, his friends benefit, his cronies benefit. It's like Robin Hood in reverse. Take from most people and give it to the richest Americans. Now, the political part is the following. This is what Donald Trump's economic nationalism looks like. You know, he. What, what does he say? We're going to protect workers, we're going to be there for the average person. But the reality is, if everything you buy is more expensive and you've got less money in your bank account, the average worker is not winning, not even close. If you're not in the top 1%, ultimately the bill plus the tariffs are coming for your wallet. And unless you're paying close attention, you might not realize it until you feel it. And then the question, the age old question, will the people who did it be held accountable? Because there's a unfortunate trend in this country to hold the wrong people accountable when things go wrong. The Epstein files fight is slipping out of Donald Trump's control. The discharge petition to force a house vote at 200 is at 216 signatures right now. Every Democrat and four Republicans. Massey, Lauren Boebert, Nancy Mace and Marjorie Taylor Greene have signed on. The only thing that stands in the way is two special elections in safe blue seats. Both are expected to go to Democrats who have already said, I will sign the petition. When that happens, they will have 218 votes and then they've got it. So in that scenario, Trump and Mike Johnson can threaten and they can beg and they can try procedural tricks, but the math will be the math, which is they will get steamrolled on the Epstein vote. Now Trump is drowning in damage control right now. After the alleged 2003 birthday letter came out, Trump said, it wasn't me. Then he said, I'm not talking about it anymore, it's dead. Caroline Levitt said, we're going to have handwriting experts, we're going to sue, we're going to do all these things. It used to be, it doesn't exist, then it's, it's a hoax, Then it's, it's Obama did it, then it's business related, then it's a tough technicality. The goal here is not to land a consistent story for them. It's to spray out so many contradictory defenses that his supporters can just pick the one that they like and go, here's the defense I like James Comey made the Epstein list or here's the defense I like the letter is a forgery or whatever. But this votes could just smother all of that because it will push the Epstein files into the open and then there will be the next flood of excuses. It was a I, it was deep state framing. It was Hillary or it was Hillary. The real tell here is how the Republicans are behaving. Some of the loudest Epstein conspiracy pushers, you know, Anna Paulina Luna, for example, or Tim Burchett, they are refusing to sign this petition and they are saying this has gotten personal. This is just a personal thing between Trump and Thomas Massie. I'm not getting involved. Now others are starting to run interference by trying to change the moral frame you're hearing. You know, we're not talking about 11 year old girls here or back in the day, 15 year olds could get married. I mean really sick stuff. But this is the normalization process. It's the playbook that churches have used to protect abusive pastors. You circle the wagons, you kind of redefine the offense, you forgive and you move on. This is projection in its purest form. The groomer smears they used to throw at the Democrats, it was never about protecting kids. They wanted to demonize opponents and when they get caught doing the same thing, they have excuses up the wazoo every day that passes. They seem to be realizing the vote is probably going to happen and it could spin into an unstoppable floor fight because they've told their base for years that there's a cover up to protect Epstein's friends. The vote comes. The cameras are rolling. They will either have to vote for what Trump wants to hide the files, or they will have to vote for transparency. If they vote for what Trump wants, they look like they are hiding the guilt of terrible people, which they would be doing. And if they vote for transparency, they risk Trump's wrath. My expectation from what we're seeing so far is that most loyalists are going to hold the line. And again, Democrats should not make this about whether the letter is sexist. Of course it's sexist. Of course Trump is a misogynist. That is not the revelation. The kill shot here is Trump's evasiveness, the lies, the degree to which the Trump administration has been trying to cover this entire thing up. And that's really where the pressure should be. So we are heading towards an inevitable disclosure here. They will come up with with a new set of lies and distortions. But I really hope that Americans don't fall for it. When it was time for a new mattress, I didn't want to gamble on something generic. I had heard about Helix. I liked that they customize the mattress based on how you sleep. I'm mostly a stomach sleeper, so I took the quiz and ended up with a model that felt tailored to me. I've had it for years. What I notice is I don't wake up with back stiffness. I don't wake up with shoulder pain. I don't toss and turn looking for a comfortable position. It's just better than my old mattress. It's more supportive, but it's still comfortable. Another thing I like about Helix is that there's no one size fits all approach. 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They offer 14 languages and more than 16 million people have used it. They've got a 20 day money back guarantee, so it is risk free to try. Here's a special limited time deal for my audience right now get up to 60% off your babel subscription, but only for my audience at babel.com/pacman rules and restrictions may apply. The link is in the Description Support for capitalism in the United States is collapsing American capitalism, in a sense I think we can say, is in crisis. Gallup just dropped new numbers showing the opinion of capitalism in the United States, and it is at its lowest point since they started asking about it. Only 54% of Americans now view capitalism positively. That is down six points from 2021. It is a full collapse compared to where it has been for a lot of the last decade. And the biggest drop is not among Republicans. They are still overwhelmingly pro capitalism. It is Democrats and independents who increasingly say, I don't have a positive view of capitalism. Only 42% of Democrats now say that. Only 51% of independents now say that, basically barely holding at 50%. And the important thing to consider here is that it is not because socialism is suddenly surging and way more people like socialism. In fact, support for socialism has been flat throughout this entire period at 39%. So while capitalism is increasingly something that Americans are skeptical of, they're not exactly running to socialism and saying this is what we want. Instead, they're just soured on capitalism. And for good reason. More and more people recognize. They look around and they say this system really isn't working for me. I'm not convinced socialism is the answer, but I do know that the status quo isn't really working. Now, I hate to even have to introduce this, but it is the United States. Do Americans know what these words mean? Like if you went to the average American and said, what's capitalism? What's socialism? Don't give me feelings, don't give me the vibe, but tell me, what is capitalism? And what is socialism? I think you would get more grunts and fewer cogent explanations than you might want. For some people, capitalism means the economy. When I have a job is capitalism. And socialism means I don't like who's president. Okay? So there are groups of people for whom those are kind of the definitions. And it's become almost like a brand recognition thing. So I do think it's important to keep that in mind. But the most important sentiment, which is the status quo, isn't working. And it is some version of capitalism that is out there in the world, and that's not working for me. That's a growing sentiment, and that's very, very important. Now, there are some other numbers that really kind of fill in what is going on here. 95% have a positive association with small businesses. 81% have a positive association for free enterprise. Big business, on the other hand, only 37% of Americans have a positive view of big business. That's a significant drop. So if we zoom out a little bit and we say, all right, maybe not everybody knows exactly how these terms are defined. The feel of the thing is what I think of or identify as capitalism isn't working. I don't think it's good. I don't have a positive view of it. Small businesses aren't the problem. Free enterprise and being able to say, I want to build something from the ground up, that's not the problem. Big business is the problem. And so this skepticism of capitalism that is growing is significantly sort of oriented to big business and conglomerates. Now, Democrats approval of big business is down 17 points in four years, independents down 10. Even Republicans are a little bit less positive about big, big business. So what does this tell us? People are not rejecting the idea of an economic system where if you have innovative ideas, you get rewarded. People seem OK with that small business, free enterprise, positive view. What people are rejecting is something I reject as well, which is that the version of capitalism they're living in right now, dominated by giant corporations, runaway inequality, political corruption, a system that keeps getting harder and harder for regular people to survive in. I don't even know where the numbers are today. I think it's like half the country can afford an unexpected $400 expense without borrowing. That all seems to be part of the story. Often this is where the the conversation falls apart. We treat capitalism and socialism as two boxes and like, that's it. Most of the countries with the strongest economies and the highest standards of living and the most satisfied citizens are not purely one or the other, but they are a regulated form of capitalism. We call them social democracies. I write about this extensively in my book. So there is a market economy, there is private business, there is competition, there's innovation, there is, there are billionaires, there are rich people. But you've got a strong social safety net. You've got in most cases, some form of universal health care education that's affordable. Sometimes that includes college paid for through taxes. You've got worker protections, you've got guardrails that say once you get this big, as far as a business goes, we are going to put in place some limits so that you can't swallow up the whole system. So countries that would fall under this umbrella are like Sweden, Denmark, Finland, the Netherlands to a degree. And so it's not Jeff Bezos or, you know, Lenin or Lenine as Trump has referred to him. You have functioning markets, you have functioning public services. And we say we're going to do more taxation at the top to make sure no one falls below a certain standard of living. You can go and start a business, you can make a profit, you can innovate. But if you are no longer able to work because you're sick, you're not going to go bankrupt, you're not going to be homeless, your kid can afford to go to college without a lifetime of debt and try to pay off the debt with a job that just doesn't pay well. Wages aren't going to be eaten alive by predatory rent, for example. So it's not anti business. And in fact, one of the big. One of the often repeated talking points about the countries I listed is that it's actually really a bad business environment. But if you look at take your pick, right? Don't take my word for it. Go and Google it. Look at business environment rankings from around the world. You'll see that the United States is not number one. And it's often not even that close to the top. It's often in the middle. And some of these countries do have higher rankings in terms of a environment for entrepreneurialism and, and innovation. The problem with all of this is that when the conversation is either we keep what we have or we go full socialist, it doesn't generate any productive dialogue. The political class rarely talks about this in terms that are more tangible. It makes sense that Americans are losing faith in capitalism, but they're not embracing socialism. And it seems that the perfect conversation would be we're talking about tweaks from where we are to get to where some of these highly prosperous countries are. But democrats haven't been big on taking it up. Republicans just want to say it's all socialism and it's crazy. The truth is capitalism doesn't have to mean what we have right now. It can still be capitalism but look more like Denmark. And if the people who want to reform it the way that I do don't step in with a clear, workable vision, we know what happens. The vision gets filled with whoever shouts loudest. And for the last decade it's been Republicans shouting socialist, communist, Marxist, anarchist, and this sort of stuff. But Americans are seeing what's going on and they are saying capitalism as I know it. Not something I approve of. The Trump health crisis has finally hit mainstream legacy corporate media. We talked earlier in the week. Why won't corporate media talk about Trump's health situation? He's clearly getting worse. Whatever he has, it's getting worse and more noticeable. I've got to hand it to him. Ali Velshi, who's been on this show and I know pays attention to the stories on independent media. Ali Velshi went fast full in on msnbc. This is the exception to the story.