00:51:05 · Ed Elson, Scott Galloway
[00:51:05] S3: Okay. [00:51:06] S0: I do think we should have a ton of congressional hearings. I think there are a lot of people who have some some explaining to do. And I think you're right. We need to restore a sense of rule of law here and accountability. We should immediately have an ethics law passed or at least proposed. Absolutely no stock trading. You can't serve in a private company or purchase stocks for two years post leaving Congress. Probably the most exciting thing that happened yesterday, no one's talking about, and it's the following. And I'm gonna get the name wrong. The national ballot... The nationwide ballot initiative, I forget what it's... I forget the exact name. I'll get it, but it's the following. And no one's talking about it. And in my opinion, it's probably the most significant thing that happened yesterday other than a giant repudiation of Trump's policies, and it's the following. The electoral college might have died yesterday. [00:52:02] S3: I didn't know Well, what
00:52:05 · Scott Galloway
[00:52:05] S0: okay. Your vote... When you live in California, your vote on federal elections really doesn't matter. When you live in Florida, your vote really... I mean, it's just going... You know, you you... New York's going blue. So there's essentially... The the key elections around president who sets the tone for the world is... Has come down to a small number of counties and a small number of states. That is not... That is a failure of democracy. What this ballot initiative or this... There has been an initiative that has been passed in, I think, 22 states, and, essentially, it says that if California will allocate all of its electoral votes to whoever wins the popular vote nationally, they will allocate all of their all of their votes, all of their electoral votes to whoever wins the popular vote nationally. Right? They said, look. It's important that we we want something that represents the will of all Americans. Everyone's vote... If you're in a southern state, there are some states where 30% of the population is black, and they have almost no representation. In California, 40 to 45% of Californians are Republicans. They have almost no representation. So what this initiative said is that, okay. We're just gonna go with the popular vote and allocate our electoral votes to whoever won the popular vote. The only way that passes is if it gets to a majority, I believe, of the, electoral college, which is two seventy. Enough states have passed it such that it's at two twenty right now, so it needs, like, another 40 or 50 to become law. Yesterday, enough states went all blue, the governor, the senators, the state legislature, such that if those states pass this initiative, it goes above two seventy and the electoral college is dead, and we go to a system of national polling and voting. Whoever wins the popular vote nationally becomes president. That is actually now a a a a viable possibility that that could happen very soon. That is a... That is an earthquake in electoral politics. It it would reshape where money is spent. It would reshape how campaigns are run. All of a sudden, California and New York aren't gonna get visits from the president in floor... I mean, it it... That is gonna be an earthquake. And, the fact that all of a sudden states that were in the way of that because they don't like having an elect...
00:54:35 · Scott Galloway
They like the electoral college and the perversion it it creates on a democracy, which has largely benefited Republicans. Remember, Hillary won the popular vote in 2016. This might be the end of the electoral college. Is... And no... I mean, very few people... I think that's a thing we're gonna start hearing more about in the next seven days. But my point is I I love your I love your idealism, and I'm I'm with you, and I think it's healthy the the way you're approaching this. The the Democrats immediately need to outline a series of proposals that say we're pro growth, we're about accountability, and we're about health care, we're about affordability, and outline their agenda for '28. Even if it gets rejected, let let Donald Trump veto a bill on ethics. Let him veto a bill that says we're gonna lower Medicaid eligibility every year by two years such that we start to have a public a public single payer option. Let him veto that stuff. But, basically, what you would say to the world is, here's the Democratic agenda for '28. It's a pro growth agenda. It's gonna help you with your health care. It's gonna attempt to bring down costs. And and... Oh, and by the way, tune in to see Jared Kushner testifying in front of the senate, you know, intelligence committee. Fine. That... That's your fun. That's... You and me tune into that, but the Democrats have to be about... I think they're they're they're... The main event here, the main course has to be about economic growth and affordability.
00:56:14 · Ed Elson, Scott Galloway, S5
Ad[00:56:14] S3: We'll be right back. And for even more markets content, sign up for our newsletter at profgmarkets.com. Ad[00:56:31] S0: Support for the show comes from Faire. Whether your storefront is digital or brick Ad[00:56:35] S5: and mortar, now is the time to prepare for holiday shoppers. And if you want your selection of wares to stand out from the rest, here's a tip. Stock your inventory with Faire. Faire offers curated wholesale products for home apparel, beauty food, and more. Think ceramics, artisan hot sauce, hand tufted rugs, candles, even jam and smoked salmon, all these and more. Ad[00:56:53] S0: The idea is to make Ad[00:56:54] S5: it easy to source quality products that will be at home in any storefront. And with Faire, they make it easy for independent retailers to stock products from over 100,000 unique brands worldwide. This also gives small and local businesses a platform to thrive. So far, Faire has given more than 700,000 retailers access to over 100,000 brands. With Faire, you can elevate your selection and stock your shelves with one of a kind products just in time for holiday gift buying. Sign up today and get 50% off your first wholesale order up to a $100 at faire.com/propg. That's faire.com/propg. Faire.com/propg. Terms may apply.
00:56:54 · S5, S2
Ad[00:56:54] S5: it easy to source quality products that will be at home in any storefront. And with Faire, they make it easy for independent retailers to stock products from over 100,000 unique brands worldwide. This also gives small and local businesses a platform to thrive. So far, Faire has given more than 700,000 retailers access to over 100,000 brands. With Faire, you can elevate your selection and stock your shelves with one of a kind products just in time for holiday gift buying. Sign up today and get 50% off your first wholesale order up to a $100 at faire.com/propg. That's faire.com/propg. Faire.com/propg. Terms may apply. Ad[00:57:37] S2: This episode is brought to you by Google Chrome. You think you know a browser, but Gemini Chrome? That's new. It can help you with practically anything on the web, like restoring a vintage motorcycle from a 50 page restoration block or finally break down that long article you've had open for weeks. Weeks, Gemini and Chrome is here for it. Ready to make anything online make sense? There's no place like Chrome. Check responses, setup required, compatibility, and availability varies 18 plus.
00:57:37 · S2, S6
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