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Date: 2025-08-21 Page is: DBtxt003.php txt00027209

COMMENTARY ROBERT REICH / HEATHER LOFTHOUSE Robert Reich: Harris Surges, Trump Submerges \| The Coffee Klatch with Robert Reich PLAY YOUTUBE VIDEO Original article: https://www.youtube.com/watch?v=1qX90FdEOj0&list=PLOLArO56vjuoDxbdMWMFEdWfVCsHc2X7W&index=1 Peter Burgess COMMENTARY Peter Burgess
Harris Surges, Trump Submerges \| The Coffee Klatch with Robert Reich Robert Reich Premiered Aug 10, 2024 751K subscribers ... 274,652 views ... 13K likes The Coffee Klatch with Robert Reich Harris and Walz have Trump throwing tantrums and Vance sinking into the seat cushions. Heather Lofthouse of @imcivicaction and I break down all this week's news in the Coffee Klatch. Please pour yourself a cup and join us. The Coffee Klatch with Robert Reich Transcript 0:00 it is a Saturday coffee clutch with Heather loft house and yours truly Robert R Heather what's going on let's I mean not much let's talk about people so how about KLA Harris Tim Walls Donald Trump Elon Musk to take a a random group of people who are in the Limelight let us say you know I was I was thinking before we get started three weeks ago mhm I mean I know it's hard to imagine three weeks ago but 3 weeks ago Joe Biden was still president he is president today but he was still going to be running 3 weeks ago I know we were clutching 3 weeks ago and we were we were desperate I mean I was trying to be fairly positive and you were trying to be positive but uh we were going through lists of I mean what could who I mean he won't will he and would when would he if he were going to step down and who out there in the world and that's right it couldn't he wouldn't step down because the only person he could possibly step down to 1:00 would be the phenomenal kamla harrisa Harris I know but truly we all here's the thing the three weeks I mean what's astounding to me is the three weeks can turn the world upside down I mean here we are and and the same thing was with Tim Walls I mean I remember last week we were kind of well there's there's a variety of people and uh probably Shapiro maybe Shapiro because it's Pennsylvania and then suddenly Tim and and Tim Walls but when these things happen uh you know that the fact that kamla Harris suddenly became the presidential candidate and Tim wall suddenly became the vice presidential candidate and it seems in retrospect so obvious I know it's I mean really some kind of bias for sure what do you mean bias presentent I'm I'm sure there's a bias that describes that where the things that are happening today seem obvious when they didn't before they happened but you mean there's bias in terms of we think the future is foretold the future tells 2:01 it should have been obvious to us have been so obvious well it feels like it should have been obvious that's the and I can't believe I mean I remember many things in you know I'm hundred years old and many things not true and many things have happened over the last since the postwar in the postwar era that have been bad you know and changed everybody's feelings about everything turn the world upside down very very quickly but they were bad things you know 911 and and assassination and so on but can you name anything that is really good like the naming of kamla Harris and Tim Walls you mean that has happened so quickly and got so much positive energy and such a Thrust forward so much positive energy so quickly so fast I can't I don't have any examples that can you can you come up with anything I mean let us know when my child was born well I remember that no it wasn't actually that quick that it was so positive no but it's it's it's interesting to me 3:00 this this surge of positive energy both for kamla Harris and for Tim Walls but it is it I can't believe it was three weeks ago it feels like 200 years ago doesn't it it feels like a long time ago and also Everything Changes online so quickly you know all the accounts have changed and everyone it's and then all the memes go crazy and all the all the news I mean it's you feel in this day and age maybe it's more now than it was before that when things happen uh there's a Time warp and you get into the time warp and it it feels like it's been months do we sound like old fogies no I'm an old fogy I feel like we're just you're a look at how time is passing Us by faster than it ever was hello that's where I am and that's where I am too but it is and even the signs at all the events it's like oh Harris walls I feel like oh I've seen that haris walls of course I mean I couldn't even say it for 3 days I know and it's also been so interesting to see comma at all the rally see Tim Walls he is so interesting 4:03 to watch cuz he's almost giddy behind her I feel like he's kind of almost not fidgety in a negative way but he's kind of electrified I could not believe how fast this past week he is named and suddenly I don't know how other people felt you know I was I was sort of in the you know I wanted uh Mark Kelly I mean Mark Kelly the astronaut I thought and then suddenly Tim Walls is named and I say wait wait a minute Tim Walls isn't he he's the high school teacher the the coach you knew more than I did I mean the do you remember Friday Night Lights you remember that series and I could see in he small town Midwestern and I thought of Hubert Humphrey and all the Minnesota politicians I've known and the kind Minnesota the kindness and the cheerfulness and oh this is obvious this is obvious and you have on the other side you've got Trump and Vance and the darkness and the fear and the loss and 5:01 the negativity and the and the who wants to be there you got all of the lightness and brightness and positivity on the side of kamla and especially with Waltz added to it I know but then certain people came out the New York Times editorial board and said H too Progressive obvious it was those Washington Post editorial board they said they said I you know it's this kind of establishment Washington New York you know whatever Pio would have been better because it's you needed Pennsylvania or walls is too Progressive W what does that mean in this day and age to be too Progressive that you you believe in things that uh for the American worker that the rest of the country and and also believes you know I mean paid leave is that too Progressive Washington Post uh or how about uh you know the environmental policies that Minnesota has put in place and how about free lunch and free school lunch and breakfast for all children regardless of 6:00 family income well Milton Friedman said it's no such thing as a freed lunch yeah but there is in Minnesota there is in Minnesota and but it's but Minnesota does it in a way that is just uh and walls kind of emblem is emblematic of that it kind of it's it's just this is what we do for each other right you know we're all to we're all together in this this is not a partisan fight y it's interesting to watch them because he's more he's a little more informal than she is right but that's okay because they're complimentary in that way absolutely abolutely absolutely and and try and Vance tries to go after his military record oh and it's all sounds so negative yeah uh and he was he was in the National Guard uh you know walls for 24 years and what is what you know Vance is is is going after just it's it's the same tone it's the Trump tone it's the vicious tone the nasty tone and a lot of Americans now are saying we don't need that right that doesn't have to be American politics and 7:00 even kamla at her rallies when they start to chant people start to chant lock him up she doesn't engage with it she says that's for the courts right that's for the courts yeah that's her as a prosecutor and somebody who is upholding the rule of law and more credit to her and she's kind of above it all but I feel like walls is putting in some you know some digs here and there but there's comedy to it it doesn't feel but dwz is famous weird I mean it's it's amazing to me also that one word One adjective suddenly takes off because it's not it was not delivered in a nasty way when wal said it uh it was kind of uh puzzled he was kind of what what are this what you know Trump and Vance and the Republicans right what is this right it was it was observational it was almost like a Jerry Seinfeld episode not quite but it was like I mean it's weird isn't it weird just weird right um and then a lot of people have run with that said it's more than weird and I'm weird 8:01 and I don't want you using that for or it's less than weird or it's yes I mean but at least at least it it initiates it launches a conversation and it gave him a kind of Digital Life oh did it ever also the zoom you know the when the history of this three weeks is written it will also be a history about social media social media played a huge part one of the reasons we're in a Time Warp is because social media has made us feel as if you know KLA Harris has been the candidate forever and wals has been the vice president I've known that guy for years right and the piglet did you see the picture of him with the piglet I mean these things kind of live in your head it's interesting to see what goes to the top with the algorithms and the people but also the zoom meetings that are the major major vehicles for raising money now yeah which is extraordinary who thought of Zoom as a money as a campaign funer yeah well interesting you mean because 9:01 you're getting all the people together and then they write the checks but yes but you in the old days hello you used to get people together in big rallies y you still do I guess but also the social media ads are doing wonders as well they are and many of those social media ads are being put up by the content providers who are 14 and 15 and 16 and 17 years old and they're putting them up free of charge I mean talk about free advertising this is micro influencers influencers micro influencers and just people um okay we have to I'm sorry to do this what Donald Trump can we just talk we have to talk about we really do I want to talk about I was in such a good mood I know but we have to but we'll get but we can try and end on a high okay so he spoke on when was it Thursday that was from marago that was the most embarrassing news conference I mean I was embarrassed for Trump now that's saying something it really is I mean he he said I mean this the clips I've seen he said that his rally on the 10:01 mall on January 6 2021 I'm sorry his rally his rally uh was bigger in terms of the number of people that came to it on the mall than Martin Luther King Jr's I have a dream a great speech I mean that guy is delusional and lying and I think he's out of his mind I I reallyu I think that the really the interesting question you know Joe Biden gets gets the Press is all over him for being uh this short of dementia and Donald Trump is really Beyond dementia I mean he's really into total nutto uh you know how I mean saying things that bear no relationship to reality and not only is there no way of correcting him but also let's face it nobody in their right mind sane mind would make those kinds of statements where that the the number of people who went up and attack the 11:00 capital was very tiny uh or uh but the rally was huge but the rally was huge and and bigger than Martin Luther King's I mean it's it's it's it's funny but it's not funny oh it's horrific this is a man who could still conceivably be president of the United States but is there such a I know and we can talk about the polls but is there such a thing as a narcissistic flare because I feel like it's particularly bad these days and of course he's doing it in maral Lago this room is so hu this is a huge room can you speak up I mean everything is like just well I think that he was you know if he's not the center of attention uh he gets very nervous and this this past three weeks has been all comma right all the time and then walls and U and Trump has been displaced and he's you can see it in that news conference first of all he why did he have a news conference there's no reason to have a news conference except to get attention uh and and he nothing was novel nothing was 12:01 nothing was news also if he was announcing that they were debating I mean he could have done that on Truth social I mean really nothing was newsworthy nothing nothing it was only for his own ego his narcissism uh his flaming narcissism uh and and and it was it was it was weird weird in the sense that Donald Trump uh is no longer attached to reality I mean it's it's if he ever was well if he ever was is a good question but it's worse than it ever was I know it do you remember after the debate with um Joe Biden that didn't go well for Joe and then Trump came out on Truth social and said well I'm annoyed at the media all they're doing is focusing on Joe Biden I mean wasn't there a phrase what was it you know never interrupt your enemy when they're shooting themselves in the foot or whatever it was I mean he can't he can't even the media's going after his opponent and he's like but what about me what about me he can't stop it that's the that's that's the phrase that ought 13:00 to be over his head every time but what about me but what about me that's all he's thought about for his entire lifetime but now it is pathological and the lies just keep going and going and going so well he didn't want to he did not want to have a debate uh in fact he didn't want to have the remember the the black journalists uh just last week or two weeks ago whatever was uh but he did not want to go onto that um floor and be interviewed uh because he was afraid that they wanted factchecking God forbid but you know who he will let interview him on Monday night El could it be Elon Musk it could I mean the two if if if you had to come up with the two biggest raving uh narcissistic uh Power hungry grandio uh nuto people they would be Donald Trump and Elon Musk I saw on 14:00 substack you did a poll and Elon one Elon well I did a poll uh I kind of you know who's the worst who was the second worst person in America in American public life and I had you know I had people who good options good options yeah and in other category but Elon Rose to the Elon Rose to the top 57% I gave them I Clarence Thomas you know a good shot and um I mconnell is even on there anymore no Mitch McConnell just kind of slipped off where's Mitch but uh uh you know and Vance was on there yeah and nobody came close to Elon Musk I know now the question is why is Elon Musk such a stark raving um Public Enemy Number one or two and I think it's because the cumulative effect of being the richest person in the world and owning the biggest platform X and then 15:01 misusing X abusing it putting misinformation on it uh that uh that that that tilted the whole thing toward Trump and against kamla Harris uh and uh and posting fake stuff of kamla Harris on it uh and then around the world I mean he's he's he's you know right now the the United Kingdom is convulsed uh in riots and those riots are based on misinformation and that misinformation is coming from X and Trump him specifically I mean musk is stoking a lot of stuff exactly he stoking it and he's en encouraging it uh and everybody suddenly says to themselves not only in this country Heather but I think around the world this man is unbelievably powerful and there is no way of stopping him you know I thought one way of stopping it would be advertisers get off X but now the advertisers have started get off X and he is suing them for B 16:02 boycotting X which I mean you have to say it again I mean it's wild to think about yeah it's like our colleague said this week that his wife Jen used to own a bakery she said I should have sued everyone who didn't buy my cookies I mean if this is what we're doing there were so many people who wouldn't buy my cookies I I could sue everybody who have hasn't bought one of my books oh there are a lot of them too well I do I didn't know there were that many but but uh I mean it's bizarre of the audacity the audacity and if you you actually mount a lawsuit I mean if you have uh if you're the richest person in the world you can mount lawsuits against everybody uh and even Trump was doing that uh but if you are a defendant in one of these lawsuits uh that's very costly to many people you can't afford to be a defendant so that extends your power even further I also didn't realize early days how bad musk was right it was like electric cars and you know good 17:02 intentions question mark but wow it's been like a snowball watching him yeah I think he's gone he has gone off the deep end like Donald Trump and with Donald Trump and you said they were going to be he's going to be interviewing Trump course he is on X we'll have to see what happens well also you know uh uh try the irony here is that Elon Musk was interviewed on X by Don Lemon do you remember that yeah vely and Don Lemon uh because at at Elon musk's invitation he wanted to make EXA a a place where everybody gets interviewed who wants to be interviewed who is important uh like Elon Musk uh but Elon Musk was so angry at Don Lemon for the questions that Don Lemon asked that he said you're fired Don Lemon y uh and there's now litigation about that right uh and I don't ever want you here again and I 18:00 don't want to I don't want to have anybody on this ex who I can't control in terms of interviews right so do you think that's going to be a cozy interview on Monday of course it's going to be cozy but then you know he would argue well anyone can come on X and say what they want but then we wonder what the algorithms are doing and all of it and he's got the loudest voice I mean he does he has so many followers and he kind of he's got 390 million followers you know your number 390 million that's a lot of power speaking of power so Google is monopolistic it was determined this week you're kidding I'm serious did you see that where did you find that out news news but interesting right well it's interesting that they were found by a judge to be a monopoly that is interesting uh because it it really does signify that the whole facade of big Tech uh which is all around us here in the Bay Area uh is is is actually this 19:02 thin because they're all monopolists I mean apple is now being sued as monopolist Amazon is being sued as monopolist the Biden Administration is taking on these big Tech monopolies and Biden Harris and Biden Harris and guess what um big Tech doesn't like it no I mean you don't say and and and the Google lawsuit really uh is you know when you think about it it's it's obvious Google is paying apple and others who otherwise could be search engines not to be search engines but to use Google Search now that's what mon monopolis does you you create monopolis you buy off your competitors uh but if that's a monopoly and it should be and it is uh then we're all paying too much uh for everything advertisers are paying way too much for Google advertising uh and uh you are you are seeing the 20:00 beginnings of the end of the dominance of these gigantic trillion dollar valued firms but won't it be geologic time I mean speaking of things that happen overnight this is not going to happen overnight no it's going to happen well it may not happen I mean if if Trump becomes president again he's going to shut down Lena Khan at the Federal Trade Commission and Jonathan caner at the antitrust division of the justice department who have been the major major uh kind of quarterbacks with regard to antitrust have done a wonderful job I mean Anti-Trust was a dead letter Heather know you know I remember Robert Bourke who was my professor at law school who wrote a book called The antitrust Paradox and convince the reg Administration that antitrust should be con conveyed it should consigned to the dust heap of History uh but it's now come back under Biden Harris I know um 21:00 okay what else anything else we should cover probably something the economy well the Eon god well I thought we were going to start out with the economy because the big news this week was that huge drop in the stock market but remember the richest 1% of Americans own 50% of all of the stocks owned by Americans the richest 10% of Americans own 92% of all of the shares of stock owned by Americans so the stock market is not the US economy uh Donald Trump thinks the stock market is the US economy the the US economy is doing I think quite well uh the one criticism I would have is not of Biden uh it is of the fed and it's the FED what the FED should have done is start to cut interest rates earlier than September and now uh Powell is saying the FED Chief is saying well I will I will cut interest probably cut interest rate in September no they should say he 22:01 should say right now we are committed assuming things don't uh get even worse or he shouldn't use that word uh we're committed to a half a percentage point cut in interest rates in September and that's the beginning and that will revive but he would never I mean they don't show their cards or hand well no but he could phrase it do you remember Alan Greenspan Allan Greenspan would would would get on the television or go through uh Congressional hearings and he'd say he'd be questioned about what the FED is going to do and he'd say well the FED what we're going to do at the FED is we're going to have a percentage Point uh change but that percentage Point change will be a function of the difference between the policies that we used to have and the policy objectives that we might have if we actually did think about the interest rate Chang the channel at that [Music] 23:00 unfortunately um yeah but it is so interesting you've said this many times the stock market is not the economy but I mean people are looking at their retirement accounts and they get worried but Donald Trump loves to just make the two the same thing I mean I think he doesn't actually know that they're different he doesn't or or even it doesn't matter with Trump whether what he knows and what he says and what he hopes for it's all mus one mush yeah uh so he's attacking not surprisingly Biden and Harris uh on the economy the economy believe me is doing well now you know in inflation is down nearly to the 2% Target of the FED uh job growth continues to do well the last job numbers we had for July were a little bit lower than we had hoped for and expected the rule of thumb is 200,000 a month uh and if you have below 200,000 a month the economy is not really reaching its potential and that's what the problem was right and PE but 24:01 people are still suffering people have of course people are suffering uh but a lot of what they're suffering from is high interest rates yeah and a lot of what they're suffering from and and big and corporations that are price gouging those are the things and we've already talked about the antitrust response that the bid Administration is mounting is the best response to corporate monopolization and that's what's keeping a lot of the prices up I know well should we let people get to their weekends no we have a lot to talk about okay from the top let's do it again well let's we we we hope you have a great weekend and anything notable that you're doing any any any I don't know parties parties birthday anniversaries anything no but I'm doing some fundraisers oh good for Harris oh good for you yes I'm G to and if you are anywhere near any of the places I'm going to be doing fundraising um and uh yesterday there was did you know yesterday day 25:00 yesterday uhoh I bet I didn't know here we go okay yesterday was the 50th anniversary of what okay anybody rub Cube being invented the Rubik's Cube was it no it was the 50th the HL maneuver 50 years ago yesterday Richard Nixon resigned oh I'll drink to that so there is hope wow there is hope oh good end uh well it's a yes um I'm feeling very hopeful and I'm feeling positive and you are feeling yeah huh it's hard it is hard it's hard we want to be realists and we have to be realistic and the poles are showing neck and neck and it's too and and everybody's got to continue to work anyway have a wonderful week and we hope to see you next Saturday [Music]

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