Joe Biden is Losing His Mind | PKA

that's the best feeling you ever taking off long socks after a long day and feel and all you're like then your old my leg hair goes up and the kids Bill Cosby now apparently so yeah so uh bill not bill joe biden's losing his mind like this was funny for a while this is like borderline abuse at this lab they're just like get out there Joe and he's just doesn't know where it did there was a clip from a couple weeks ago where he's like doing an address on the live stream and he's reading it off his phone and he just turns and walks off camera while he's reading it and like has to be directed back on this he forgot that he was on camera yeah yeah he totally forgets that he's on camera he is not with it at all I don't know what to do with him it's just he's not with it I got it here's a I found a funny video today let me see this a purse Kolding him about his car I did not but I would like to see that too he's old Joe Biden eBay yeah yeah here's like a two-minute clip of his like last five public appearances well I look forward to this I want to see what's up because I watched Joe Biden before we click I'm secured up at zero before we click play I see these highlight clips and he looks like a buffoon and then I see him talk for 25 minutes straight on a debate stage or doing an interview and those buffoon moments are just either they don't happen at all or it's in seconds out of 30 minutes I don't think he's a buffoon he sounds like a buffoon I think he sounds like someone who's having a real difficult grasp on knowing where he is and what he's saying and like it's early did some dementia but let's see Ready Set Way and all Americans should be grateful to the speaker's leadership and for minorities sherburn's leadership we're going to work in the direction of making sure that we make sure that everyone in fact has access to education I I am I'm going to endure I've endorsed the loss of that you would have in fact and any doctors bill you have but even I can't do that for another two year another year between now and November or actually January they can't build any factories there any any anything within one mile of the estuary of the Delaware River in the Atlantic Ocean and the chest they forgot and so but the whole point of this is that we can do a lot to take care of they put an overlay by the way to fix that worse no matter what why doesn't he just act like a president that's a stupid way to say like watching the yo-yo I shouldn't have said it that way it's like that was that giant delay they have responders dealing with the crush these crushing cases and and in addition to that in addition to that we have to make sure that we we are in a position that we are well let me let me go the second thing the child bring me the job personal productive equipment look here's the deal we have to do what we did in the 40s in the 20s not 2020 tending to our elderly loved ones this is the United you did good you did good honey is that a Secretary's way and his wife his wife's like Joe he comes up yeah he's he is not with it at all I've heard though that he has a stutter and that's a like a process like the way he pauses is a process of like then under compensating she had a giant stutter as a child and what's left is is some of what you see and you take those moments and you clip them together for two minutes and he looks awful but if you actually watch him for 20 minutes he only looks bad yeah I think they inject him with something for those debates I think that I think after the debate whenever the [ __ ] amphetamines have worn off he's a wreck for a week and then we don't see him for that period of time like it's like there I'm look at watch my video the one at the bottom CNN's Jake Tapper scolds Biden for not coughing into his elbow it's kind of reassuring because like if the elites actually never mind this is six minutes long essentially Joe just starts coughing and he's like mr. mr. vice president you're supposed to coffin to your elbow I actually learned that from your administration the Obama administration it's it's he's constantly just trumps gonna destroy him Trump's gonna destroy him in the debate it's gonna be embarrassing yeah he's gonna start stuttering it's gonna be bad this virus thing is helping Trump's numbers like his approval rating I get it's been good for him like the even I in I was surprised how high it was 60% of people on a Gallup poll are approving of his handling of the virus thing which is like you know I they probably could have done a lot more and shutting people down way faster instead of not so I I don't know I mean this is looking out drop 2020 that's what's coming what are your Trump voter now right yep I don't like any of them uh Trump's numbers are better but they still suck dick right and it I feel like we always look at Trump's numbers through this lens of how much how much [ __ ] dick they suck throughout his term he has some of the lowest approval numbers of them I was gonna say non impeach pray like he only competes with like Nixon and how bad his [ __ ] is these numbers have improved he is 50% disapproval in 45% approval right now right Taylor we refer to something different his handling and the coronavirus but his overall presidential approval and disapproval 50% disapproved 45% improved that still sucks no one gets reelected with those numbers but I think Trump might he's up against a really weak candidate and we'll see how it goes also it's really hard question was am i prompt voter now right not necessary not necessary every every every poll is different but the Gallup poll has a 49% approve of Trump 45 percent disapprove it can be fact check here's the the adjusted weighted average of the recent polls I think was important to look at what it is the fact that you are an educated intelligent man and you're fully aware of all this and yet you're like yeah I'm a trump voter let's not talk that's why Donald Trump's going to where I yeah we'll see I so did you see like the unemployment numbers million or something like yes we like the previous worst week ever in the history of America was nine hundred thousand and now it's three and a half million it's about to be rough global pandemic it's just like it's funny looking at our economy where it's like oh so like seventy percent of people are paycheck to paycheck and almost all the companies they work for our paycheck to paycheck and apparently the government is working paycheck they like everybody seems like they're about nine days of inactivity away from collapsing this seemed super frustrating yeah cuz it works for a big company like Cisco there dot paycheck to paycheck III should look up how many billions they have but it'll be something like forty five fifty billion dollars worth of money in the bank and I kind of forgot that other companies didn't have cash reserves like to me it's like all the Biggums have like giant cash reserves right yes well you know and the frustrating thing is you like you see a lot of people make fun of like Warren Buffett for sitting on what is it like 120 125 billion dollars in and liquidity and then you have companies like the airline industry where they spent ninety six percent of their their cash flow on stock buybacks and I know the average person doesn't really take into consideration wise stock buybacks are good or bad or anything but it you guys up on on that far as airlines or anything maybe not as much as you I yeah so so essentially for people who are listening that may not may not get it what you do is when your company makes X amount of cash instead of reinvesting into the company and say take black rifle coffee as an example because it's what I know right so all of our cash flow over the last you know few years we reinvest in the company and scaling it so we opened a roasting facility in Nashville as well as the one in Salt Lake distribution and everything else so you're taking that money and you're rivetti investing in the company well what the airlines are doing is taking ninety six percent that cash flow and doing stock buybacks so it's putting buy side pressure in the open market against the stock price and most of these executives get bonuses in stock so when you're you're taking ninety six percent of your cash flow and artificially inflating the value of that stock you can take and sell your stocks on the open market for way more money and only pay twenty percent tax on it versus a thirty three or whatever bracket you you you run into so you're only paying capital gains tax on it and the problem the problem with that is when a lot of these corporations do that they're they don't have any safety net it's like that I feel like the airline's outside of the 737 or triple seven max whatever max eight or whatever that airline the airplane is outside of that they could have floated this for six months if they took an if they didn't need to reinvest that money back into the the companies they could have floated that and in my opinion that's an example of poor leadership because they weren't planning for the future they weren't protecting their employees they were more worried about well boosting the stock price and they were you know protecting the company they knew they were gonna get bailed out it's it's unfortunate right the reason the stock price goes up according to me is not by sight pressure it's because with fewer outstanding shares there are more earnings per share and the stock is worth more right if I pay $15 or 15 times price earnings ratio there's a hundred shares out there and I earned a hundred bucks person total each share is worth 15 bucks if I buy back half of it shares worth 30 bucks because there's only 50 outstanding instead of a hundred right that that's how about the style knocked by back but you're buying it the market and you're using the company's money to do it right which is fine right because companies are under a legal obligation to reward the owners right if I said that these companies are taking the money and the they're funneling and all to the employees and given the middle finger to the stockholders the people that own it that would be corrupt that's not how that's not how we work what they're supposed to do is take care of the stockholders I do agree with the part where you said its short-term thinking right it's a failure yes now they're now they're over a barrel they didn't they didn't prepare for a rainy day and they've got their palm out looking for handouts to prepare for a rainy day though because they know they're gonna get bailed out every time it would seem yeah yeah I do exactly what they did yeah so if there are two branches of history and one of them is where they do the right thing and one of them is where they do what they've done the one that we're currently in where they do what they've done and buy back their stock is the one where they're much more profitable in the end their stock prices are higher but see that's where I get frustrated so if they give you give you another case study as you take Blockbuster Inc IPO in 1999 and it IP owed for it was a little over a little under four hundred and fifty million dollars in 2000 the cofounders of Netflix pitched them the company for 50 million dollars and according to one of the co-founders book the CEO of Blockbuster Inc laughed him out of the room in 2010 they took and they they filed for bankruptcy because the the leadership didn't have the foresight and seeing what the consumers ultimately wanted and being able to adapt the business and you take like the the the current situation right now you see a lot of businesses like the food and dining industries shifting to take out delivery that they might not offered it before people shift shifting to e-comm and stuff like that and I applaud those companies for doing that if they didn't if they didn't have the the foresight in doing that or the agility and being able to adapt to that industry man you gotta let you gotta let these other companies come in and take their place it's like if if Delta if that goes bankrupt you know does that mean people aren't gonna want to fly tomorrow no like okay well cool go auction those airplanes off let Warren Buffett come in there and buy the thing up for pennies on the dollar I'm sure he'd like to make that a profitable business what is I don't you the the actual result of that was American goes out of business United takes over and has a near monopoly in America and they could charge anything they wanted like what if that was the alternative timeline for letting someone else take over I think that I think that one United couldn't purchase those airlines that that would definitely bring on an antitrust laws too but I you know why should it happen with cell phone companies fruit yeah it's true but you have to think that there are plenty of companies that are profitable out there right now are people that have the liquidity that would step in and buy that because it's a proven business model like like even even some of the airlines now are adapting by being taking the airplanes and making them would it like just logistics [ __ ] transport everything else yeah yeah it's hard to say um the answer is to disallow the stock buyback with with with any money that they're getting from our government well you know like what I says I don't completely disagree with that right because you you are taking the financial best interest of the the stockholders and for doing that but when you're so over leveraged by taking 90 percent there are ninety six percent of your cash flow in doing that you're clearly not taking into account that you know you don't have an insurance policy if something does happen what if what if they wanted to buy more stock into Boeing because they wanted to have some type of exclusive air class or aircraft or something like that it's like there's there's many different ways of you know reinvesting in your company outside of just you know by side pressure to your shop it's not even their [ __ ] money it's it's it's our money exactly it's our money and I think there actually are restrictions on stock buybacks which third originally I don't think there were but when the Democrats and Republicans started battling that stuff got in there they also put restrictions on laying people off and I know for some of these you give loans out but if they keep people on the payroll even though they're at home that loans become forgiven essentially grants grants yeah so that's what they're doing but the last time when they pitched the tax cuts they told everyone hey we just give your boss more money I'm sure he'll give it to you you're all getting raises you're gonna love it you'll have so much money you got down yeah you'll have too much money and what they actually talking about scarp no I'm talking about the tax cuts at the start of the Trump administration and what they actually did is they use that extra cash flow to buy back stock and it's in part why the stock market ride was rising and rose that's what I'm looking forward for let's finally write 7 why the stock market rose because they bought their stock and then each share was worth more the same amount of earnings or even more earnings with fewer outstanding shares price earnings ratio goes up stock price goes up that's that's basic but it was kind of a lie to tell people that that money was gonna go if I just cut in taxes for your employer he'll get more cash no people's pay is based on the supply and demand for their talents not how much your boss has so we need to so in a way the coronavirus is going to raise wages by killing people I see what you're saying outside yeah yeah that's what I'm getting it yeah I know the coronavirus is a job creator

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Id: aiOGobON1zU

Length: 16min 56sec (1016 seconds)

Published: Sat Mar 28 2020