10/5/23: Republican Speaker Civil War, Ukraine Aid Loses Steam, Pelosi Booted From Office, Terrible Jobs Numbers, Third Party Skyrockets, Michael Lewis Insane SBF Defense, Payday Lenders Wrecked, Big Three Losing Billions On EV, UAW Worker Demands
Republicans compete for speaker position, Democrats concerned about Ukraine aid, Pelosi ousted from office, job gains slow, rise in third party support, Michael Lewis downplays SBF fraud, payday lenders face Supreme Court defeat, EV companies experience significant losses, and updates on the UAW strike.
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Quick takeaways
Growing dissatisfaction with the two-party system as 63% of US adults believe a third major party is needed.
UAW worker demands fair wages and better working conditions, emphasizing the unity and significance of their struggle.
Deep dives
Growing Support for Third Parties
According to a recent Gallup poll, 63% of U.S. adults believe that the Republican and Democratic parties do such a poor job of representing the American people that a third major party is needed. This marks a 7% increase from a year ago and the highest level of support for a third party since the poll was first conducted in 2003. Interestingly, the largest increase in support comes from Republicans, with 58% endorsing the idea, up from 45% a year ago. Democrats also show an increase in support, with 46% now favoring a third party. This data highlights the growing dissatisfaction with the two-party system and suggests a desire for alternative political options.
UAW worker demands fair wages and better conditions
UAW worker Jim Rowe, currently on strike, demands fair wages and better working conditions for auto workers. He highlights the low wages for new hires and the need for a living wage. Rowe emphasizes that their demands are not outrageous and that it is time for the working class to stand strong and receive what they deserve.
Support for UAW workers on strike
UAW workers are receiving support from their local community, political leaders, and other unions. There is strong public support for the strike, with various unions and politicians joining UAW workers in their demonstrations. The rally of support showcases the unity among the working class and the significance of their struggle.
Challenges and future of the auto industry
Jim Rowe discusses the challenges faced by auto workers in the shift towards electric vehicles (EVs). He highlights concerns about the impact of EVs on the workforce and job prospects. Rowe also expresses skepticism about the electric vehicle transition, while emphasizing the importance of fighting for fair wages and a better standard of living for UAW workers.
Krystal and Saagar discuss Republicans throwing in their bids to replace McCarthy for speaker, Democrats worry speaker fight will halt Ukraine aid, interim speaker kicks Pelosi out of her office, job gains slow in September, third party support skyrockets, Michael Lewis downplays SBF fraud, Scotus wrecks payday lenders in key CFPB case, Rivian losses show warning sign for EV's, and updates on the UAW strike.