10/3/23: McCarthy Speakership ENDING? Gaetz Files To Vacate, SBF Trump Bribe, 3 Massive Shocks To China Econ, Nazi Revisionism, UAW Calls Out Jim Cramer, Canada's Orwellian Podcasting, Trump Business Death Penalty, Ro Khanna On Newsom Labor
Guests include Ro Khanna, Michael Lewis, and Peter Zeihan. Interesting topics discussed include Gaetz's motion to vacate, SBF's plan to pay Trump to drop out of the presidential race, 3 ways the Chinese economy will get hit, Nazi revisionism in Ukraine, Canada's Orwellian crackdown on Podcasting, Trump's business fraud trial, and McCarthy speakership issues.
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Quick takeaways
The Canadian Parliament faced backlash over honoring a former trooper involved in SS war crimes, highlighting the importance of acknowledging historical facts and avoiding Nazi revisionism.
China's property market crisis, including rising vacancies, delayed property deliveries, and increasing debt load, has significant implications for the Chinese economy and household wealth.
Apologies and revisions regarding collaboration with Nazis during World War II emphasize the need to recognize historical truths and avoid glorification of former troopers involved in Nazi organizations.
Controversy arises when historical facts are inaccurately conveyed, as seen in Secretary Antony Blinken's tweet, emphasizing the importance of accurately communicating historical events and actors.
Deep dives
Controversy over Honoring a Former Trooper in Canadian Parliament
The Canadian Parliament faced backlash and controversy after honoring a former trooper who was involved in war crimes as part of the Waffen SS. The recognition sparked outrage and led to the resignation of the Canadian speaker. Prime Minister Trudeau apologized for the oversight and failure to mention the individual's involvement in the SS. This incident highlights the sensitivity of honoring individuals with ties to Nazi organizations and the importance of acknowledging historical facts while avoiding Nazi revisionism.
China's Property Bust and Economic Outlook
China's property market is facing a potential bust, with rising vacancies, inability to deliver properties on time, and increasing debt load. This property crisis has significant implications for the Chinese economy, as real estate has been a major driver of economic growth, particularly for the middle class. The potential impact on household wealth and banking sector stability is a cause for concern, as a property bust can have widespread effects on the overall economy. Additionally, China's economic outlook is dampened by uncertainties in global trade, protectionist policies, and the changing policy landscape. The combination of these factors makes China's economic situation critical to monitor.
Authorities Apologize and Revise Historical Facts on Ukrainian Nazi Collaboration
Authorities in several instances have apologized for and revised historical facts regarding collaboration with Nazis during World War II. The glorification and honoring of former troopers who were involved in Nazi organizations has sparked outrage and led to a reevaluation of historical truths. It is important to recognize the historical facts about individuals' involvement with the Waffen SS and other Nazi institutions, acknowledging the atrocities committed during this period. Nazi revisionism and attempts to whitewash history have profound implications for the victims of Nazi crimes and for maintaining the integrity of historical truth.
Secretary Antony Blinken's Controversial Tweet and Ambiguity of Soviet Role
Secretary Antony Blinken's tweet drew controversy due to the ambiguity and historical inaccuracies it conveyed. His tweet, which appeared to attribute the Babinya massacre to the Soviets, contradicted the Nuremberg Trials' findings that those affiliated with the SS were considered criminals. Moreover, the efforts to connect Soviet actions to current Russian abuses in Ukraine only served to confuse the historical context and distorted the truth. It is crucial to recognize and communicate historical facts accurately while considering the complexities of historical events and actors.
Controversial Selection for Senate Seat in California
Governor Gavin Newsom has chosen LaFonza Butler, a former labor leader and advisor to companies like Uber and Airbnb, to fill the Senate seat in California, sparking disappointment among progressives who had supported Barbara Lee. The selection raises questions about why Lee, a progressive and advocate for Medicare for All, was passed over. Critics argue that Newsom's decision may be influenced by the desire to maintain favor with Silicon Valley and Hollywood, two key donor groups in the Democratic Party.
Governor Newsom's Misaligned Political Choices
Governor Gavin Newsom's recent vetoes of legislation, such as denying unemployment pay to striking workers and rejecting safety protections for domestic employees, have raised concerns among progressives and labor unions. These actions seem to go against the growing support for unions and workers' rights. Despite his alignment with progressive values on issues like reproductive rights and LGBTQ rights, the governor's choices on economic policies and support for tax cuts for the wealthy do not align with California's progressive and Bernie Sanders-influenced electorate.
Tensions Surrounding Kevin McCarthy's Speakership
There is tension among Democrats regarding Kevin McCarthy's speakership. While the progressive caucus expresses little interest in bailing out the Republicans, a final decision is still pending. McCarthy's fate depends on whether Democrats, across the ideological spectrum, will support him or not. However, given the sentiment within the progressive caucus, it is unlikely that McCarthy will receive much support. The progressive caucus insists that this is a Republican issue and that they should let Republicans figure it out themselves.
Krystal and Saagar discuss Gaetz filing a motion to vacate in hopes to oust Kevin McCarthy as Speaker, author Michael Lewis reveals that SBF planned to pay Trump 5 Billion Dollars to drop out of the presidential race, Peter Zeihan talks about 3 ways the Chinese economy will get hit all at once, the US media embraces the Nazi revisionism around Ukraine, a UAW worker calls out Jim Cramer, Saagar looks into Canada's new Orwellian crackdown on Podcasting, Krystal looks into Trump's business fraud trial in New York, and we're joined in studio by Congressman Ro Khanna to talk about McCarthy speakership and calling out Gavin Newsom on his recent Labor ruling decisions in CA.
