Jason Hartman starts the show discussing the US housing market performance compared to other sectors around the world. He discusses the move from cyclical markets into linear markets. More specifically, he examines what’s happening to cities such as San Francisco. In the interview segment of the show, he hosts Joel Pollak, senior editor and in-house counsel at Breitbart News. They discuss his latest book Red November, Will the Country Vote Red for Trump or Red for Socialism? They present their views on mainstream media and how they are creating narratives for both sides of the political divide.
Announcer 0:02
Welcome to the creating wealth show with Jason Hartman. You’re about to learn a new slant on investing some exciting techniques and fresh new approaches to the world’s most historically proven asset class that will enable you to create more wealth and freedom than you ever thought possible. Jason is a genuine self made multimillionaire who’s actually been there and done it. He’s a successful investor, lender, developer and entrepreneur who’s owned properties in 11 states had hundreds of tenants and been involved in thousands of real estate transactions. This program will help you follow in Jason’s footsteps on the road to your financial independence day. You really can do it on now. here’s your host, Jason Hartman with the complete solution for real estate investors.
Jason Hartman 0:53
Welcome to Episode 1537 1537. Thank you for joining us today. Well, as has been the case for many months now, we are still in a crazy, crazy housing market. Listen to this. This is from an article in housing wire from a prior guests that we’ve had on the show several times should get him back. He really does. Very good, deep, deep economic analysis. So I will invite him back onto the show. But in his article, he says, quote, when we compare this recession to the previous one, instead of a housing crash, we have a housing market that is outperforming every other sector in the world during the most impactful economic and health shock in recent modern history. That’s a lot of hyperbole, but it’s all True, unquote. There you go, folks. Okay. Another quote, new home sales in July increased 13.9% crushing expectations, crushing meaning in a good way, you know, see a Gen X or a baby boomer would view crushing as a bad thing. But if you talk to your millennial kids, they would say, dude, you’re crushing it. That’s great. Like, that’s good. Okay. So crushing expectations. Another report yesterday found that us home prices rose 4.3% in June, by the way, folks, that was not a year over year number that was in a month. Now imagine what that means if you are using leverage. Housing is just a phenomenal, phenomenal asset class. Isn’t it? It’s a multi dimensional, by the way, on our live stream last Sunday, remember, we have weekly live streams, coffee talk with Jason. And we will have one this Sunday. That’ll be interesting. We’re going to talk about irrational, well, how to avoid the top three irrational mistakes that investors make when investing. And of course, we will be happy to answer your questions. I gotta tell you something. I really like the live streams. It’s a lot of fun. I like it when I get real time questions, and it challenges me and you know, that’s just fun. I really like doing it. So please join us on YouTube and Facebook every Sunday morning. 8am Pacific. Hey, Early to bed early to rise, makes an investor Healthy, Wealthy and Wise. I didn’t say a man or a woman I said an investor right How’s that one? So it’ll make you healthy, wealthy wise. So yes, Sunday morning bright and early 8am, Pacific 11am, Eastern coffee talk with Jason. And we will have a good guest this week. And I think you’ll really like that one. So that’s coming up, be sure to join us. And we can talk about this, we can answer your questions, you’ve always got a lot of great questions on really everything under the sun. And it would be great to have some macro questions we need, you know, remind me to say that on Sunday that we want some macro questions, meaning, instead of in the fight, the usual stuff is fine, too. You know, what do you think of this refi option or that refi option? What do you think I should do? You know, get this type of loan, that type of loan to buy these properties, whatever, whatever, whatever. Right? Those are all fine and dandy, but how about some big macro things like what do you think of this mega trend that is going to reshape the world and the investment landscape Escape. I love talking about that stuff. See, I was really meant to be a futurist. Probably. That’s probably what I was meant to be. Because I love talking about the future. As Yogi Berra said, the future ain’t what it used to be. Right? Yogi Berra had all those great quotes, you know, the future ain’t what it used to be. When you come to a fork in the road. Take it. What else did he say? He had such great quotes like that. Yeah, they were awesome. But the future ain’t what it used to be. That’s about the best one, I think of his awesome quotes. So report, a report shows a record increase in San Francisco real estate listings, as people continue. Well, why do they continue moving to more affordable cities? A few months ago, did you think we would see this kind of stuff now? It’s easy seem to get a little thrown off, folks, it’s easy to get thrown off here because there are some reports out, and we have not agonized over them because we don’t need to. We don’t need to, again, part of my job is to filter things for you. You know, we can’t talk about everything. We’ve only got limited time. Hey, if you want him to spend all day with me, I would be happy to do that. But you know, you have other stuff to do. I know. It’s not long enough. We gotta have longer show. Maybe we should do two episodes a day. What do you think about? You know, if you think about it, famous radio show hosts like howard stern and rush limbaugh. Not that they have anything to do with each other, except they’re both very successful in the radio business. You know, they’re on for three hours a day, aren’t they? I don’t know. I don’t listen to Howard Stern. And I haven’t listened to rush in a long, long time. I kind of wonder what he’s what he’s saying nowadays, you know, I mean, I’ve listened to him in years. But anyway, you know, 15 hours a week. Hey, you I can go 15 hours a week. I love it. But you guys would say, Jason, as much as I love you and your super insightful things that you talk about on your show. I just don’t have 15 hours a week for you. Okay. My feelings are a little hurt. But I’ll get over it. I’ll get over it. I promise I’ll get over it. Anyway. Yeah, there’s a lot of stuff to talk about. So we got to filter some things. Right. And there are some reports about some of these cyclical markets, seeing high activity and a lot of buying activity. Hey, there’s an old saying, folks, a rising tide floats all boats. And you know, that is to some extent true. But the core trend, the underlying trend, the real strength of the market, is in the prudent linear investments. We’ve always consistently recommended sure you’re going to see some of this stuff. And I only wish I really wish and no real estate index does this. But it would be really nice. Maybe one more come out of the pandemic COVID-19 84. Maybe we will see a new real estate index created, which will be segmenting real estate markets by high density, medium density and low density. That would be brilliant. Remember, folks, you heard that here first. I’m sure you haven’t heard that anywhere else. Because that’s really the way we need to segment them now. How about segmenting real estate markets by riots with stupid idiot lawless protesters, and pathetic mayors that have shirked their duty to protect their citizens and the businesses in their cities. mayors that should go to prison and be prosecuted for neglecting the citizens, they were sworn to serve, you know, what we need in this country folks? We need and I guess you probably can do it. I mean, I don’t know if you can do it or not, maybe there’s a certain sort of like immunity. I don’t really know. You know, for example, judges are immune, you can’t sue a damn judge, which is kind of ridiculous, in a way, because judges do all kinds of crazy things all the time. You know, many of them are corrupt. Right? You know, fortunately, hopefully not too many of them are corrupt. But even if they’re not corrupt, you know, they, they’re negligent. They don’t read the documents in a case or they, you know, they have their own set of prejudices, just like everybody does, right. And so you can’t sue a judge because the judge I mean, you can but it’s like, super high standard, I’m sure right? Because they’re generally immune because everybody would sue them when they didn’t like the verdict, right? But You should be able to sue politicians. Now I know that you sort of can. But I’m talking about like this right. These mayors that have really caused damage to people, businesses and people’s property values in the cities where they’ve let their voters run lawless. I mean, folks, look it, let’s just face it. What is going on right now, in some parts of the country is the largest democrat campaign rally ever. Yep. It’s the largest Joe Biden campaign rally ever. And they don’t want to crack down on these people, these lawless thugs, because that’s their voters. That’s their voting bloc. It’s their base. Right? It’s, it’s ridiculous. But what about all the people that have businesses in these areas? What about all the people that own homes in these areas that are seeing their homes go down in value, their business is destroyed Their lives totally interrupted. What about all the people who’ve been assaulted? Okay, who have been harmed, you know, physically harmed? Not just financially? Shouldn’t you be allowed to sue these mayors for not enforcing the law of the land? I always thought I mean, I’ve thought this for decades, shouldn’t we be allowed to sue politicians who don’t keep their campaign promises? I mean, for example, if someone campaigns on a platform that says, you know, hey, I’m not gonna raise taxes, or I’m only gonna raise taxes on the rich just to screw them over, you know, whatever, whatever they say on any side of the aisle doesn’t matter. Right. But when they get into office, and they just totally neglect their constituency that put them there. Shouldn’t that constituency that was alienated Shouldn’t they be allowed to have some recourse against A politician who just lied to them, or neglected them, and didn’t keep their campaign promises. Now I know what you’re thinking, I know what you’re thinking. And I thought the same thing. You’re thinking, well, Jason, look, in the real world. It’s complicated. You know, it’s complicated. I can’t I agree. It’s complicated. Everything’s complicated. That’s why we have judges and juries, and a court system to sort out the complexity. And I know, now I know what you’re thinking do a case. The courts are so impacted, and they’re so full, and you know, it takes years to litigate a case and it’s so expensive. You’re absolutely right. It is. I know, I get it. And there’s so much frivolous litigation. I know. Yes, that’s all true. You’re right. But what else is there? I mean, look at if we’re gonna have a democracy We’re gonna end or a representative Republic, I should say, this is a political week and last week was a political week. You know, we have the Democratic National Convention, I mean, the Hippocratic national convention with the hypocrites. And then now this week, we have the republican convention. And you know, they’re hypocrites too. Okay, but less so. There you go. They’re all hypocrites. But the point is, we should have recourse. And what we have now, as we have reached redress against our government through protest, okay, not like the ones that are going on now. Because it’s just silliness that’s happening. It’s ridiculous. But and we also have recourse and redress to the government through lobbyists, right through lobbying the government. But the problem is that’s been just taken over by all the moneyed, big disgusting, evil tech companies and other disgusting companies to like Monsanto. You know, let me see what are the Most evil companies in the world. Well, there’s Goldman Sachs. There’s Monsanto. There’s Google. There’s Facebook, you know, these are all the companies and you know, really Google, I should say alphabet. But, you know, these are all the companies that are like totally abusing their power. Oh, don’t forget about Amazon, you know, yeah. Listen in the Twitter, look at Twitter, and they’re disgusting censorship. I mean, Twitter, shame on Twitter, jack Dorsey, who do you seriously think you are? I mean, it’s just ridiculous. The way you censor the way all of these platforms censor beliefs they don’t agree with. I mean, they’ve like anointed themselves as God and government, jury and executioner, judge, jury and executioner. It’s absolutely unbelievable. But it’s not easy to solve these problems. But the one recourse that you really need to solve the problem is the right to litigate and the platform’s become immune. Now thank God for Trump’s executive order recently, which lessened their power just a small smidgen, but it’s a step in the right direction, because all these platforms claim immunity under the very inappropriately called CDA, the communications decency act, what a first that is. the complete opposite is true. Yes, they will censor speech when it’s against them. But, or it’s against their political beliefs, which are almost always entirely left leaning, which you know, is fine. I don’t fault them for their beliefs, I defend them. Okay. They’re certainly entitled to their beliefs. Remember what Voltaire said, I may disagree with you, but I will defend to the death your right to say it. And you know, that’s a principle that we all must believe and hold true. Because, you know, you may not agree with what someone else is saying. But the problem minutes. If they can’t say it, guess who’s next? Yeah, that’s you. You’re next. Because then someone’s gonna disagree with you or not let you say what you want to say. Right? That’s the point of the First Amendment. So these are complex issues, obviously. But Wow. That is a major tangent alert. Jason tangent. That was a big one. Where did we get off on that tangent? That was a big tangent. Okay. Anyway. Yeah, sorry about that, folks. We’ll get back on track here. So people are leaving San Francisco. And yeah, we got off on that because of all the protests and the mayors that aren’t doing their job and they’ve left their cities go to hell and become at holes believe that. We, we polls, do use a trumpian phrase, and you know, San Francisco is one of them. Portland’s another and you know, there are many others. Okay? Not picking on those two, but you know, these used to be really nice places and it’s really sad. But the article goes on to say with remote work more popular than ever amid companies like here we go. Google and Facebook now saying employees can work from home well into 2021 people are leaving San Francisco in throngs of a new Zillow report further supports that idea showing a 96% year over year increase in local inventory listings. In other words, the listings the number of properties available for sale and for lease have skyrocketed by a 96% increase in these areas, and what we need is we need a new type of real estate index so we can really understand what’s going on not just dividing it the way Jason Hartman does in his good old compared to what? linear, cyclical and hybrid markets. But now we need to also divide in terms of density, density. Very important. But happy news. Good news for you. The good news is, the good news is that mostly density and cyclicality align most cyclical markets. Well, actually, no, I can’t say that. It’s, you know, a tortoise is always a turtle. But a turtle is not always a tortoise, right? Is that how that goes? I think it goes like that, right? It doesn’t go like that. Always. If you have comments, questions, criticisms, whatever, go to Jason hartman.com slash ask. And you can correct me on anything. Anyway. Go ahead, go ahead and ask your questions. We’d love to answer them on the show. Okay, but they gotta be good questions right or on the live stream. We can do it there Sunday. Morning on Facebook and YouTube. For the companies I just got done criticizing they’ll probably cut me off. Okay. Anyway. So fortunately, fortunately, the high density markets were, you know, high rise living or you know, generally high density, okay. And that varies, of course, are usually cyclical markets. So they’re high priced markets. Well, of course they are because when real estate gets expensive, the building styles become more dense and it becomes more densely populated as the real estate prices go up. So, you can usually align those two most of the time they align. So a cyclical market will mostly be a high density market, and a high density market will be even more commonly a cyclical market. Alright, so hope that helps. But there isn’t a true index for this right for the density factor. wish there was. So people are leaving San Francisco Surprise, surprise, surprise Gomer pile would say some of you don’t know the reference, but it’s an old TV show. One of these comments here on evil Twitter that censors everybody that doesn’t agree with their left wing ideas. Anyway, one of the comments is, there definitely is a suburban craze happening with mainly multifamily homes in San Francisco that are getting left in the dust. He says Oakland and Berkeley inner East Bay hasn’t changed much at all. And people are still buying single family homes in San Francisco. Well, yeah, sure they are because they’re low density and there’s not many people who can afford that stuff. It’s pretty darn expensive, for sure. And all those areas you mentioned. But yes, people there’s a flight to lower density living no surprise. We’ve been talking about that for months, and I was the first verdict it back in February. You know, someone who predicted it before me go to Jason hartman.com slash ask and tell me. I’m not the original. I’m not the original one. Maybe I’m not. But I’m the first one I know of. All right, so we’ve got to get to our guests. If you need us reach out at Jason hartman.com or in the USA, call us at one 800 Hartman and also congratulations to those of you who are checking out the asset protection webinar running this week. Jason Hartman comm slash asset. So protect your assets, plan your estate, and this is the thing you’ve got to do in advance folks got to do it in advance. Now is the time before it’s too late. And since it is a political week, let’s talk about going red with that segment right now. It’s my pleasure to welcome Joel Pollack to the show. He is senior editor at large and in House Counsel for Breitbart News Network, and he’s author of several best selling books including his latest read November. Will the country vote red for Trump or red for socialism? Joel, welcome. How are you?
Joel Pollak 22:11
Great. Thanks for having me.
Jason Hartman 22:12
Yeah, it’s good to have you on the show. So everybody’s wondering, this is a pretty crazy year, obviously. Uh, how is the election going to turn out? I mean, it’s,
Joel Pollak 22:22
well, it’s anybody’s race to win. But I do think that Donald Trump is gaining strength as we head into the fall. I think that the Black Lives Matter protests, which became riots in many places, really shocked many Americans, they like to call us to defund the police. They lead to calls to rewrite history or do away with the history curriculum in Chicago and Illinois. And the riots in Portland. I mean, you were seeing evidence all across the nation, that a democratic rule is synonymous with a kind of disorder. And in fact, Joe Biden Who has tried to style himself for a while as a kind of moderate alternative to Bernie Sanders has spent the last three or four months speaking as if you were Bernie Sanders, and he’s promising things like revolutionary institutional changes, and fundamentally transforming the country. He became a lot more radical after he won or at least secured his party’s nomination. And that’s because the campaign is concerned that they don’t have the support of the Bernie Sanders wing of the party. So rather than pivot to the center, and making it make a pitch to general election voters, Joe Biden has spent the last three months pandering to the far left and has not defended the police has not stood up for law in order. He’s offered very weak, tepid and late statements condemning arson and looting. But in general, he’s in favor of a kind of upheaval, and he is in favor of defunding the police. He wouldn’t use the word defund, and they’ve put out a statement saying we don’t agree with this, but essentially they do because they’re calling for redirecting funding away from law enforcement to other priorities that they say will be more effective. That is, essentially what defund the police is all about. So Joe Biden has been settled for the last two months with a kind of social unrest that the Democratic Party has encouraged, and it’s become violent, and Donald Trump has taken the lawn order side of the argument, and I think that is a winning position. In most cases, there’s a long way to go still, but I think that Trump has the better of the arguments.
Jason Hartman 24:35
You know, it’s been said that this is the largest political campaign rally ever these riots.
Joel Pollak 24:43
Right, well, according to the New York Times and Pew Research, and you know, you can trust them, I suppose, as far as you want to. Something like 25 million Americans participated in these protests. No, I don’t think that’s accurate. But it tells you you
Jason Hartman 24:57
tire low. You said not
Joel Pollak 24:59
too much. too high. As much as we haven’t even seen one crowd, I think exceeding 1 million people. If you think about how many major cities there are in the United States that have had protests, perhaps people tweeted something or retweeted something, or put a black square on Instagram or something. I mean, if they count that as protest, maybe you could get that number. But this is not a massive nationwide protest in the way we see in other countries that are brought down governments, but in the minds of the left and the mainstream media, that’s what it is. And they’re using it to rally their activists to rally the left to rally the base. What they’re also doing is they’re frightening the middle, and the iconic image of the McCloskey in St. Louis defending their home with a pistol and an AR 15 semi automatic rifle while a mob walks across their private property that’s become for many people. The summary of where we are as a nation where the democrats essentially are leaving the mob up to the door. And they’re saying you can’t call the police. Oh, and by the way, we’re going to take your weapons away. You can’t have that ar 15. In California, it’s already illegal to buy one. And you can’t exercise your second amendment rights, nor can you call the police. And we’re going to come and take everything you have, because it’s part of our reparations agenda, or it’s part of revolutionary institutional change. That’s a frightening image. And Joe Biden is running on the wrong side of that image. Joe Biden is running on the idea that America is systemically racist, and that we need profound changes. This is not the same Joe Biden people have known for half a century in politics. This is not the handshaking back slapping hair sniffing, you know, well, maybe he’s still on there.
Jason Hartman 26:50
So molesting Oh, he’s such a weird,
Joel Pollak 26:53
weird guy. Yeah. But it is not the same job. And in fact, at the start of the campaign, Biden said he was not a model. Joe Biden, his wife seems convinced that he has to portray himself as a moderate. She keeps using the term moderate. But he rejected that term early in the campaign or right before he joined the campaign. I think it was April of 2019. He said, I’m not a moderate. I wish they would have called me a moderate. All those times I ran in Delaware. I’ve just been a liberal. And then he said, I’m an Obama Biden Democrats. So he’s basically running as the party man and has been the party man from the beginning. The problem is that the party has moved so far to the left, and he’s moved with it, rather than standing up against this stuff. And I think Democrats are in danger of taking a winnable election when there’s a lot of economic uncertainty, frustration about the Coronavirus, rightly or wrongly because the entire world is dealing with the same problem. But there is a willingness I think an openness in the electorate to a different leadership a different direction. And Biden is squandering the opportunity by throwing his weight behind radicalism and unrest rather than incremental change, or just responsible leadership, I don’t think people actually want change as much as they want to return to normal. And in a sense, that’s how Biden pitched his campaign in the beginning. But now he’s thrown that aside for the sake of revolutionary institutional change again, and again, those are his words. He said on a podcast with Andrew Yang, back in May, and he said many things similar since
Jason Hartman 28:23
we had Andrew Yang on the show before. So yeah, that makes you better than the Democratic National Convention. They did not schedule him as a speaker. Maybe they’ll change that, but he’s upset about it. Well, you know, we’ve had Ron Paul, Pat Buchanan, Andrew Yang, Ben Carson, they’ve all been on. So you know, we like to have Opposing Viewpoints even when we don’t you know, I don’t agree with universal basic income, but I wanted to hear what he said about it. So
Joel Pollak 28:50
no, well, it’s good. It’s good of you to have that kind of a forum. Very few people are able to do that. So you know, that that’s, that’s very important and you know, Kudos to Andrew Yang and the others who came on the show. Yeah. I think that they’ve been shut out of their own party’s dialogue. I mean, that’s the point. Andrew Yang is one of the more moderate members of the presidential field. And he’s not given a slot on the stage, the virtual stage at the Democratic National Convention.
Jason Hartman 29:16
Yeah. Well, you know, that’s, that’s a club. It’s definitely a club. But But yeah, we, you know, even though we’re just a small media outlet, we’d like to practice something called journalism, which is sadly missing. Mastering media, that’s for sure. So, um, you know, that’s really interesting what you say, but I guess it really comes down to what is the biggest voting bloc, right? Is it going to be these these radical revolutionary people who really don’t even know what they’re protesting about most of them? Or is it going to be the standard lawn order types that, you know, Trump is appealing to? I mean, do we really live in a country of a bunch of anarchists and hoodlums I mean, I can’t imagine that but maybe we do. Maybe that’s Maybe the tide is turning. Unfortunately, that’s pretty scary. But what are your thoughts?
Joel Pollak 30:04
I don’t know whether these protests translate into votes, keeping in mind most of these protests involve people who live in democrat run cities and states, the biggest and most crowded protests were probably here in Los Angeles. And, you know, we basically live in a one party state in Los Angeles. So unless those participants moved to Nevada, in the next few weeks, where they would have to vote by mail anyway, I don’t know what the effect is going to be. You could see an effect in other places. But I have to think that in swing states like Colorado, let’s say for example, Colorado has gone democratic for the last several elections, but it’s still thought of as a swing state or a battleground state and certainly there’s an important Senate race there. But the mob that came out after the torch Floyd killing in Minneapolis, did a lot of damage in Denver, they actually attacked the Public Library. I think they vandalized it. There was one law library, the name escapes me now may have been Denver Maven, another city, but they set a fire inside the library, which was quickly extinguished. But you can’t have that sort of spectacle and expect to impress the swing state voters. I think that most of the activity and activism has been in cities and states entirely controlled by Democrats, almost to the point where you could look at the Black Lives Matter movement as an internal revolution on the left, where they’re angry, and they tell their supporters they should channel their anger into voting, instead of looting. That’s the more responsible leadership at least says that, but are they voting for the same people, same Democrats, what they are doing is they’re defeating the old liberal guard. So the Eliot angles of the world are losing their seats, the Joe Crowley’s and so forth. And they’re being challenged from the far left by Alexandria, ocasio Cortez, and others like that. You have a woman who just want to pry Mary in Missouri and I forget her name. But she defeated the long term income and Representative clay, who really that’s been sort of family seat for generations. And again, same story. She was a Black Lives Matter activist at Cory borgess are now I just had to double check that. Yeah. And she was a black she led Black Lives Matter protests. So that’s where you see their political impact. But again, that’s an internal, it’s within the Democratic Party and the Democratic primary. And in many ways that has benefited Republicans, because Republicans have been able to say, look how radical the democrats have become, you can’t vote for a party that elevates these radical people to leadership.
Jason Hartman 32:45
And I would agree, it’s really they’ve just gone off the rails, it seems like and talk to us though about, you know, the, the problem is the last controls almost all of the media, you know, and I’m including social media in that You know, these big tech companies are so rich, they can afford to be liberal. You know, I just love the hypocrisy of all the social media companies or just big tech companies in general. How you know, it’s do what I say not what I do. None of none of these people that run those companies live in the way they suggest everybody else live. Of course, that’s the crazy world we live in. I mean, you know, they control what we see what search results we get. what shows up in our news feeds, it is really scary. I mean, Twitter is insane. I cannot believe what they’re doing. It’s, it’s absolutely Fahrenheit 451 Nazi book burning, it’s just craziness. If the message doesn’t get out any sort of a balanced message and you know, people will respond, you know, what are your thoughts?
Joel Pollak 33:53
You hit on a topic I enjoy talking about you almost took my favorite line away from me, which is that so socialism is a luxury good. Yeah. You know, you said you said you have to be rich enough to be liberal. I like to say socialism is a luxury good. You can afford to dream about redistribution when you’re not really going to suffer too badly for it. I mean, obviously, if you’re wealthy, they’re going to take your stuff. But the wealthy first of all find ways to evade the state. They find ways to evade taxes and so forth. And secondly, they can probably live without some of the things they’re likely to get asked to give up. Whereas the practical results of socialism for the ordinary working man and woman are just horrific, horrendous and you can see it now. I mean, the European countries, which we are told by our liberal betters in the media did so much better than us in dealing with Coronavirus are now stuck with a much worse off economy. They’re not going to rebound at the same rate we are they’re not adding jobs the way we are. And we have a dynamic society because it’s a capitalist society. socialist societies are not dynamic that cannot respond. It can innovate they take initiative away from the individual. And as a result, they leave everybody poorer than they would have been otherwise. So it’s only if you have all your material needs that you could possibly imagine, catered for ad infinitum that you can think that everyone else should enjoy the same luxury that you do. The same, I suppose, right to idleness and we’re seeing a lot of that in the streets where the masses of protesters aren’t made up of poor people, especially the looters. You know, they’re not reading a Ferragamo shoe stores and Dior jewelry stores to look for bread. Many of these people are well off, they arrive at the looting locations in cars, you know, they have generous stimulus payments or unemployment benefits they can draw on anyway. The direction the country is headed in after this is probably going to be one of more struggle, no matter who wins. But the struggle is winnable, if Trump wins, it is not winnable if Biden wins. Now you asked who’s going to turn out I think that enough Americans See through the media, that the media have actually discredited themselves so much, that there are enough Americans who simply stopped paying attention and who understand what’s going on and who will turn out to vote for Trump, because they understand the danger of what we’re living through right now. If people turn out and Joe Biden wins rather than Trump, it’s either going to be because Trump does something additional. That’s particularly egregious between now and election day because I don’t think anything he’s done yet or said or tweeted, is enough to warrant him losing office. He’s certainly been controversial, but at times, that’s been a necessary tool certainly has supporters think it’s been necessary for him to be brash or tough to get things done. But if we end up in a situation where Joe Biden wins after all of these riots, and after the unrest and so forth, then perhaps the country has been lost for a while. This is something we’ll look back on and we’ll have to look for the roots of the transfer of power in 1020 years of indoctrination at schools and Hollywood culture and so forth, I do think it’s likely or that Trump will win right now, mildly likely again, I can’t really predict the outcome. But I do think he’s gaining momentum and Joe Biden is losing momentum, precisely because it seemed for a while, especially in late July or so that Biden was a shoo in to win. And once the reality of a Biden presidency in these circumstances became clear, I think many people suddenly realized they had to save the country by voting for Trump. Why in these circumstances because Biden wouldn’t have been trumped in a fair and square contest. If Biden wins. Now, after all of the unrest and violence, it would amount to rewarding political violence. Once you reward political violence in any political system, it never leaves the system violence will never leave the system if it is rewarded, and we can look at countless examples of that around the world. But there’s a reason that the French like to rise, okay. It’s in the French French political culture. We don’t want that in our political culture, but we’re going to get it if Biden wins in this context when there’s been so much violence and Trump supporters are intimidated, physically intimidated, threatened, the media are intimidated. They won’t cover these protests properly because they get assaulted when they do. So. I think there’s going to be enough of a backlash. I think people are seeing through the media, but we’ll have to see. Yeah,
Jason Hartman 38:22
yeah. It’s, I mean, it’s it’s bite more to win or if someone were to vote for Biden, I think they’re really voting for the VP as president because Biden is just not fit to hold office. politics aside. The man is if he’s just lost it, when is he going to debate Trump? I want to see that. I mean, I Is this the first year we’re going to not have a debate because the dems are so afraid that Biden can’t withstand a debate, just where the debates I mean, we’re 90 days out right, or less than that?
Joel Pollak 38:52
I don’t know. Look, I think there’s a danger that Republicans talk themselves into believing that Biden is Unable to debate like we’ve seen in debate. On 11 occasions, he’s been able to stand up straight for an hour or two. And I think he would do the same with Trump. The difference is Trump will take it the fight to him in a way that the other democrats Didn’t we rare exceptions. And the other interesting thing about it is if these debates drag on at all, you know, I think they’ll be bad for Biden, Biden never came to the spin room. Once I write about that in red November, he never came to the spin room, the way the other candidates did, in any of the debates, and I think it’s because it was simply too taxing for him physically. So I agree with you. I think he’s not he’s not 100% there. But I do think he can stand up on his own two feet for 90 minutes or two hours. And that’s gonna, that’s gonna be called a victory if he does it.
Jason Hartman 39:42
Alright, so he can pull it off for 90 minutes then. Okay, interesting. Well, anything else you want us to know? I mean, I think this could turn out like 2016 where, you know, the the people on the right, were just so fed up with being called names and being shouted down. They just kind of bit their tongue. And went to the voting booth. And you know, that’s why it surprised everybody. And I predicted that would happen, by the way, in 2016. You know, I wasn’t sure it would happen, but I thought it would happen. I thought there was a decent chance of it. And it certainly did. That might happen again, because I mean, you know, that it seems that the left is more willing to engage in a fight. A lot of the people on the right are just, you know, they just want to run their business and have their life. And, you know, sadly, that’s one of their mistakes, I think, is that they’re not fighters. They might fight in wars and stuff. But you know, they they don’t want to just argue with people that are just shouting them down on college campuses and stuff, you know, a few of them well, but largely not Any thoughts?
Joel Pollak 40:43
Well, I think as with most things we’ll have to see. But I don’t think that we can choose a political culture. Let me let me rephrase that. I don’t think we should embrace the political culture where all of us have to be fighting all the time. Yeah, it’s really not how Our system is supposed to work. It is how other systems work. It’s how socialist democracies work, because socialism is about redistribution rather than growth. So there’s always a fight over who gets a bigger slice of the pie. As a result, in many countries, even ones that let’s say Americans, like, for example, Israel, Israel is routinely paralyzed by strikes. And that is because there’s almost a competition in Israel, among various political groups, to show how much of the country they can shut down, how long they’re willing to hold out for their demands. And that’s what happens when people are always on that sort of war footing internally. We have bad political divisions, they’re almost worse in Israel. And what keeps them from flaring up in Israel more than they do is the perceived external threat from other enemies against which the entire country unites. But in peacetime, Israelis really go at each other politically, and I’ve been in Israel during some of these strikes. It’s unreal. lievable how bad you get. So that’s what happens under a quasi socialist system. And Israel is still very much sort of a social democracy, even though it’s been run by the right for quite a while. I think I think we shouldn’t want people to stop attending to other affairs. We don’t want people to leave the realm of politics. Alexis de Tocqueville, in democracy in America warned against that, but he also said, the genius of America is that people pursue their self interest in with a public spirit. And so that’s what we want. We want people to be willing to defend themselves and so forth. We want people to understand where their prosperity comes from, and to appreciate how we have to defend it at the ballot box, contribute to political campaigns, come on, volunteer and all that. All that is good. But we can’t really survive as the same kind of society. We are now as a prosperous, free open society. If politics occupies a huge amount of our attention.
Jason Hartman 42:53
Good stuff, well give out your website and tell people where they can find the books and such.
Joel Pollak 42:57
Well, I obviously write for Breitbart dot But if you want to bring if you want to buy red November you can buy it anywhere books are sold, you know, Amazon, Barnes and Noble. The publisher is Center Street. So Center Street has a central website that will take you to any retailer you want. The book again is red November, will the country choose red for Trump or were red for socialists excellent. Joel Pollack. Thanks for joining us. Thank you.
Jason Hartman 43:23
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