Back to episode — Episode 2605 CWSA 09/22/24
Context —
ike the pandemic might have been like everything else we've been told a lie. And I think Bill Maher is suspecting it now. The other thing that gives me this little hint is do you remember years ago he was famously he got a Prius and he was all you know hey you know even a celebrity like me will just drive a Prius because we got to save the environment and now he says it was just the worst car and…
← Previous segment →ll on the he had a typo and he spelled a word wrong oh you're missing the show. You are missing the show if it's the grammar you're worried about anyway. Best writer in the public sphere in my opinion.
So Boeing as you know Boeing's been having a hard time with its Starliner and its various aircraft and stuff and you know some of its equipment's not working late and cost overruns and stuff like that. So the Starliner cost there's 1.6 billion in overruns and they've had problems with it and as you know it's the one that got the astronauts stranded on the International Space Station. So the head of its space and defense unit has been fired. So the person who was in charge of Boeing not all of Boeing but was in charge of the space and defense unit just got fired. Wow.
Now there's a picture of the individual who is a black American. What do you think the pundits are saying about this situation? Well quite unfairly they're calling him a DEI hire. Now I have no evidence to suggest that anything that happened bad with the Starliner had anything to do with this one person even though he was the boss. And certainly I have no evidence to suggest there's any kind of DEI issue. In other words was he promoted because he's black as opposed to the best person for the job? I have no information that suggests he wasn't the best person for the job. So I'm going to take what I call the Glenn Loury frame on this.
The Glenn if you don't know Glenn Loury is a very smart economist I think is his background and he talks a lot about DEI. He is a black American and his take if I can accurately summarize it is that DEI obviously isn't good for the people who are passed over because of the wrong race right that's obvious. If you're a Chinese American and you got passed over for somebody else because you're the wrong DEI that's bad right. So I think Glenn would see that and but he would also say it's bad for blacks who get promoted because they're trying to satisfy DEI and he says that that makes his own accomplishments as well as anybody who legitimately has credibility and competence that anytime anybody black accomplishes anything it's going to still look like it was a DEI situation and it's humiliating and degrading and patronizing and all of that.
So I'm going to take his view which I think is quite complete because it shows both sides of the situation which is always going to be better than taking a half a side and thinking you're done. So I have no information that would suggest there was anything wrong with this one individual hire but as Glenn Loury would point out this is a disaster for black Americans who are good at their jobs. It's a disaster because people are people they're going to look at this and they're going to draw their conclusions that it's another DEI hire. It's a disaster if you're a capable hardworking black American and you're just trying to make it on the same rules that everybody else is trying to make it and let's say it's working out for you and then people are going to look at you and they're going to look at this Boeing guy and they're going to say huh Boeing guy DEI hire I wonder if there's more of this. So yes Glenn Loury you are correct this is a disaster for the reputation of capable black people in this country.
All right Mike Cernovich said something that speaking of being voicy Cernovich is the ultimate voicy poster. You can see his personality in everything he does and that is again that's the best writing that's just the best. He said this about the debt. He said the country will eventually have to default. You know it I know it they know it. What happens when a nuclear power says we decide not to pay? Who knows. We will find out soon.
So I agree with every word of that but the only thing I can add to this is the reason that we don't talk about it and the reason that he can say you know it I know it they know it and that rings true but yet it's not the number one story. The number one story should be that the United States is getting ready to default on $35 trillion worth of debt and there's nothing that can stop it. That should be the biggest story but we're going to pretend that this is like Biden and his mental competence. Remember when we all had to pretend that he was a little bit like a real person and he could do things and it was obvious he couldn't. And now we're pretending that Kamala Harris has capability and she has what it takes to be president. We all know that she doesn't. The Democrats know it we know it the press clearly knows it and we're going to kind of pretend that we don't notice.
So we have three things that everybody could see that we sort of collectively agreed to act like we don't see it. So Biden's brain, Kamala Harris's competence and the national debt. We all see all three of those things for sure like no doubt about it but they're not the big stories like until there's something forces it like the debate with Trump and Biden that just forced the issue. But what is going to make us talk honestly about the debt? There is no solution to the debt and by the way if we defaulted on the debt it wouldn't even solve the problem. If we're adding to it at 2 trillion you know well we wouldn't be able to borrow so I guess we wouldn't be able to add to it so basically the whole government would fall apart because so much of it is based on borrowing.
Here's the only way I can imagine that we could survive this. Number one you got to get the interest rates down because the interest on the debt is bigger than I think the military spending at this point. So could Trump do anything for example that would lower the interest rates? Well yes and maybe just the economy can do that so it's possible interest rates can come down and that would make a big difference but not by itself.
What happens if you got the GDP up to 4%? Well you might be able to do that because this will be the second or third time in the industrial human age in which something special was happening. So I always say that Bill Clinton was one of my favorite presidents because the economy was good but you have to say that he came in during the dot-com boom. If the dot-com boom hadn't happened all by itself had nothing to do with Clinton would he have had the great economy? No but that was a once ever situation where things boomed like we haven't seen boom in our lifetime. Now prior to that many years ago there was the Industrial Revolution. So yeah if you looked at all of human history the Indust
Context —
rial Revolution didn't take much time but it was this rare time when we became industrialized so you could imagine the GDP would be zooming during something like that. You could imagine the GDP would be unusually zooming during a internet dot-com takeoff and you could imagine that the age of robots and nuclear power and AI would be one of those periods. So we might be into a 10-year period where a…
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