FULL SUMMARY: Republican Debate #3 SHOCKERS [Vivek, Desantis, Haley, Scott, Christie] Reaction
FULL TRANSCRIPT
well the third Republican debate just
happened here's a breakdown of what was
said by each of the candidates we're
going to start with vake I'll provide
some factchecking and I'll provide a
little bit of commentary as well first
VI starts off really aggressive which
good for him because that's what gets
him attention especially on social media
probably doesn't help him get more
airtime on the show maybe some of those
attacks could be saved for later but his
attacks were popular 75% of the people
that I uh pulled were in support of what
he did and in the first night minutes of
the debate VI starts off hot goes in to
call Republicans and the existing
Republican party a party of losers that
ever since ra took over the Republican
National Convention they we have been a
or Republicans have been a an unhappy
party of losers is what he's arguing
he's saying there wasn't a red wave
there should have been and really
Republicans are covering for fraud
essentially and his argument is that hey
you know what we need a new generation
so that's his take he believes uh that
by being aggressive he can may be that
change that America needs problem with
that is is he potentially going too far
that's what some are saying for example
tonight Viv proposed cutting
75% of the American government's staff
not including the military this would be
the federal government well you've got
over 2 million workers at the federal
government which represents a little
over one .3% of all of our American
Workforce given the velocity of money if
we just use a velocity of two we would
basically instantaneously be in a
recession so I'm not sure if that's the
best move to maybe cutting fat out of
the government but it's clearly a
position this is along the lines of Viv
suggesting that he would basically
eliminate the Department of Education
and the FBI these actually some things
we're starting to hear other politicians
talk about now as well though so it is
something that is gaining Traction in
the Republican Party Republican party
has regularly been for smaller
government whereas the Democratic party
has been more for larger government I
think those that's pretty obvious to say
uh now on Israel Viv argued that we
should smoke the terrorists on their own
uh smoke the terrorists in the uh
Southern border of Israel however we
should also do the same thing here in
America and that's the same argument
that many of the Republicans on stage
tonight had uh it sounds a lot like he's
picking up a lot of the sort of the
trumpian uh attacks to really gain
popularity and quite frankly it worked
very well for Donald Trump will it
actually move VI up in the polls we'll
see but he makes very clear and very
poignant arguments he was the only one
to bring up nuclear I wish we had more
of a discussion on nuclear energy had
more discussion about oil Futures than
we did about nuclear which is
unfortunate for the debate we'll say the
third debate was much more organized
than the fox debates were so shout out
to NBC for that one uh he does talk
about this cancer in our society and he
believes one way to solve this cancer in
our society is to limit the size of
government and then help basically
people make more money that if people
make more money and there's more supply
of stuff we could reduce inflation
people are happier because they're they
make more money one other downside
though to consider is if you just
instantly start shutting down
departments especially ones that
businesses rely on whether that's the
SEC the FTC uh or or other departments
you potentially do slow down Business
Development so there there definitely
some considerations here at one point
Viv suggested that and I'm not sure if
these are just sound bites of his but at
one point he suggested we should
immediately declare independence from
China and basically not import goods
from China now obviously this is
something that you would have to do over
time kind of like the B Biden
Administration is doing via the
inflation reduction act or the chips act
which maybe people don't necessarily
agree with all the provisions of that
but that is bringing home
manufacturing problem with just saying
we don't need China anymore is we kind
of do we import over $575 billion per
year from China $145 billion worth of
electronic equipment $112 billion worth
of nuclear reactors and Machinery that's
a big deal people think it's mostly toys
9% is toys about 7% is plastic and then
you get into rubbers and paints and
tools and lubricants and copper we're
dependent on China I'm not saying that's
a good thing but I also don't think just
saying let's end everything right away
is the right answer uh he also suggests
that Airbnb gives your data to China I
think this is a little bit of a Miss
because that's Airbnb China so if you
don't do an Airbnb in China they do at
least as far as we're aware uh now as
far as uh land use restrictions is a big
fan of building more in America growing
America uh American Real Estate
opportunities big fan of that I think
that's a great idea he does talk about
uh one way that you could solve the
Social Security crisis is by stop
spending basically as much money on
Foreign Wars uh like Ukraine and uh uh
and what's going on with funding Israel
or arming Taiwan these are things that
are very different from a disantis or
Haley who are much for hey let's fund
military operations in different
countries so that way we don't have to
spend essentially American lives we're
financing Wars essentially leveraging
other people's militaries to weaken our
enemies be it Russia be it Iran and
otherwise unfortunately the Biden
Administration gets a little bit of egg
on their face for the $6 billion deal
with Iran of course those funds have
been frozen in Qatar so technically get
these deals but clearly the diplomacy
method didn't work to restrain groups
funded by Iran at least in part like
Hamas Hezbollah or the houthis which
keep in mind houthi Rebels just shot
down a United States drone just today
actually uh and took responsibility
immediately for striking down this drone
this is yet another attack uh on
Americans uh we this is well an American
device at least this is an mq9 Reaper
drone in just the past few weeks that
this war in Israel this conflict has
been going on we've had about 38 attacks
in Iraq and Syria on American uh either
uh facilities bases or uh or or other
equipment uh okay so this is uh I do
also one more thing on Viv question some
of the practicality of him suggesting
that oh you should have a forget about
we should not forget about the northern
border that we have a southern border
that uh fentanyl flows through which is
true the DEA suggesting that the vast
majority of uh and and um Customs and
Border Protection suggesting that 98.9%
of fentanyl that comes into America
flows through the Mexican border that
does leave maybe up to a percent for
Canada but then went as far as
suggesting that we need to build a wall
of the northern border and that we
should build both walls I think he's
going to walk that one back pretty
quickly but some folks are wondering is
VI a little too rash is is he willing to
say something extreme to try to gain
votes but then is that how he would also
operate as president uh of course then
other people say well he wouldn't be
rash's president but you know when when
first time around Donald Trump got
elected people said oh he'll clean up
his act when he gets on Twitter when
he's president he didn't change a bit
right uh so anyway okay so uh that gives
us a little bit on VI for disantis he
also talks about the idea of new
leadership that the elites don't care
about you and that he will the question
here is do people trust DeSantis uh the
you know there DeSantis lost a lot of
momentum when he really went hard after
dis and don't get me wrong a lot of
people are really anti the the the woke
agenda uh and and some people are for it
okay everybody has has their choice here
but I think his aggressiveness in anti-
Disney when the I mean the company's at
least if you look at the stock has felt
like it's almost been self-destructing
uh but you know they're trying I I I
don't know that that aggressiveness the
weaponization almost of the Floridian
government was the right answer there
and that's what a lot of folks criticize
Dan santis for uh Dan santis did come
out swinging though he did suggest that
hey Donald Trump didn't pay for any of
the
wall and that instead Dan santis is now
going to finish building the wall and
he's going to make Mexico pay for it he
said he would do that through
remittances so when people send money to
Mexico back home to family after working
here he's going to somehow tax that uh I
don't I don't know if our farmers are
big fans of that but uh okay it's it's a
way to borrow from Donald Trump a Donald
trumpy in line and try to use it for
yourself I guess anyway he talks about
finishing the job once and for all
definitely slammed Nikki Haley for her
2014 letter to the ambassador of China
some detail on that Nikki Haley's
Administration did uh apparently Reach
Out according to the LA Times and KCCI
both of them suggested that Nikki Haley
reached out to uh the Chinese government
essentially to build a fiberglass
facility in uh her state which they
ended up doing in 2016 the 2014 letter
was looking for an economic partnership
with China to try to bring jobs to the
area and yes that did happen uh of
course Nikki Haley tries to distance
herself from China now argues that China
and Russia are the biggest threats that
we have to fight she's a big fan of this
idea or or sorry disantis is a big fan
of this idea of ripping up the green New
Deal there technically isn't a green New
Deal that was a proposal but what he's
talking about is is undoing the Biden
nomics executive orders for example we
just had an executive order from the
Biden Administration within the last
four weeks that uh basically funds
employing 20 ,000 young adults to build
Trails plant trees and install solar
panels uh now uh Dan santis got hit a
little bit again for his executive order
on uh opposing offshore drilling off the
coast of Florida and also Banning
fracking in the Everglades this didn't
get a lot of airtime just a small note
uh we uh can now move on to Nikki Haley
Nikki Haley suggests 50% of Americans
live paycheck to paycheck fact check on
that it's actually about 61% uh she says
our kids won't forgive us for our debt
um personally quick little side note on
that I think my 8-year-old and
5-year-old if the economy recovers
through all this inflation probably
won't be thinking about this debt much
like we don't think about the debt that
was spent 20 years ago thanks to the
fact that the number will probably look
a whole lot bigger in 10 to 20 years so
I'm a big fan of fiscal responsibility
but $3 trillion sounds like a lot now
but I have a feeling in 10 or 20 years
it's going to be a drop in the bucket uh
that's not a good thing okay it's not
something to laugh at I'm just like
relatively the rate we're on it is
unsustainable and today's numbers like
we we're probably not going to forgive
our kids for what they're going to print
it's going to be the other way around
it's like hey we printed 30 you guys
printed
200 yeah anyway uh anyway so uh Nikki
Haley argued that China saves money
buying oil from Iran she's not incorrect
about this this is actually true uh
you've got China according to reuter
saving about $10 billion
per year buying oil from uh Iran that's
China saves that money because uh you
know they're they're not following us or
or Western sanctions because they're not
part of them and uh therefore they get
discounted Iranian oil which is
basically the same stuff it's just got a
little label on it that says it's
Iranian theoretically they could just
arbit I mean they could just take the
barrels and take the Iranian flag off
and put the Chinese flag on it and sell
it to America
Arbitrage uh okay uh Nikki Haley goes on
to say that Hamas would kill you as well
uh and that uh you know we need to be
very strong in being anti Hamas disantis
did shut down a a a group at local
colleges in Florida that He suggests
were posting Pro Hamas messages they're
a uh Palestinian group however
apparently were applauding the uh Hamas
attack and were therefore shut down VI
attack this and suggested there's no
place for censorship in America Putin
and China are salivating at VI becoming
President says Nikki Haley uh this is uh
this was a sort of an attack a slam that
she was able to provide after uh Viv
suggesting that we should stop funding
as much as we do in Ukraine and Taiwan
uh Haley very Pro arming Taiwan more
weapons prevent China's growth and limit
their capabilities big fan of attacking
Mexico with strategic strikes VI and
disantis a little bit more aggressive
with DeSantis going as far as suggesting
we would just deploy the military to the
border and uh authorize essentially
deadly force to finish the job in uh in
in Mexico Nikki Haley suggesting
deploying 25,000 additional border
patrol and troops moving on to Scott He
argues that appeasement leads to war and
He suggests the wars and conflicts we
face now are due to Obama and Biden
being weak against China and Russia a
lot of folks on the Republican side
argue that Donald Trump is the best way
to limit war and because of the way
either Trump negotiates
or whatever it might be his strength in
foreign policy however uh do keep in
mind we had a substantial trade War
throughout
201817 uh mostly 2018 uh with Donald
Trump and uh China however there was no
physical War at that point although keep
in mind we did have a much more
substantial presence in the Middle East
then than we do now although that might
be changing with Israel any who uh as
far as uh chrisy not too much by the way
new from chrisy and Scott the relatively
similar things that we've heard I mean
Scott he talks about investing in
Innovation energy and disconnecting from
China it sounded very bides I hate to
say it for his purposes but it sounded
very bides Christie talked about Israel
potentially having an intelligence
failure but we promised 31 years ago to
support Israel in the trilateral
agreement we made between the United
States uh uh Israel sorry the trilateral
agreement my my fault let me correct
that here uh we promised we'd support
Israel and Israel's intelligence
failed keep supporting Israel that's one
item that he says second item that he
talks about is we need to keep
supporting Ukraine because back 31 years
ago we had a trilateral negotiation
United States Ukraine Russia and if
Ukraine agreed to give up their nuclear
warheads to Russia we would support them
if Russia ever attacked them and so here
we are 31 years later sort of the chrisy
argument Christie did suggest ban Tik
Tok although Tik Tok ran like three to
four ads every single break we had a Tik
Tok ad during the debate so the debate
was clearly brought to you by Tik Tok
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about those and so that wraps up a
summary of everything that we just heard
for the Republican debate now that it's
over I'm going to turn my grumpy mug
around and say thank you very much for
being here I'm also going to quickly
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Serv certainly not reasonably sufficient
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report I personally operate and actively
managed ETF and hold long positions of
various Securities potentially including
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have no relationship standy issuers nor
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boom it's that's simple
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