New Rule: Beware the Roaring 20's | Real Time with Bill Maher (HBO)

and finally new rule if we're going to have a new roaring 20s let's not repeat the mistakes of the last one i i keep reading that america is poised for a roaring 20s 21st century edition a repeat of that decade a century ago when just like now the united states emerged from a pandemic ready to party as if there was cocaine in the coca-cola which there was there was in the 20s yes and now after a year of masking and distancing i know i'm ready for the party and i imagine millions of others are also itching to engage in risky behaviors like air travel sharing a dessert or tweeting what you really think and why not the 20s was an especially exciting time the economy doubled the masses could afford a car women stopped wearing 16 layers of clothing no dream was too big charles lindbergh became the first anti-semite to fly solo across the atlantic babe ruth hit a home run 575 feet hung over with gonorrhea while eating a pork chop and joe biden started running for president and and the stock market was a game where everybody was a winner but we all know what happened next the roaring 20s became the broke-ass 30s it turned into a nightmare with the great depression the rise of fascism and worst of all an endless stream of musicals about sailors and looking at the economic factors right now it feels like we're back in that headspace that will never run out of cash as long as the fed doesn't run out of ink i'm just saying if we're going to do a new roaring 20s let's do it this time without the two things that made the last one suck prohibition and a depression at the end of it i am no money expert i only turn on jim cramer to scare away the birds but it does seem like the market is a little divorced from reality these days it's odd that the real economy has been full of news of unemployment bankruptcies and going at a business sign since covet hit and yet the s p is up 76 in that time it can't go on forever we can't all win it's not the ticket machine at chuck e cheese a share of gamestop isn't really worth more than a share of toyota to bail ourselves out of that depression we spent over 10 years over ten years six percent of our gross national product to get out of covid we spent in one year 26 the way we're handing out money you would think it had an expiration date on it in 2008 when the global economy was on the edge of collapse congress passed what was considered a massive bailout of 700 billion so massive over a hundred protests broke out across the country the occupy wall street movement was born now the word billion is so last decade congress has passed 6 trillion to fight the war on coven 2 trillion more than we spent to win world war ii you know the big one four years of desperate fighting against a murderer's row of bad guys all over the world and under it not to mention this thing was kind of expensive to make all that in today's dollars four trillion this six trillion so look the other thing we have to do in the new roaring 20s is end the drug war this time a little slow on that stoners but there's donors but seriously this time can we have the big party without having to worry about getting arrested for doing the drugs that keep the party going in the first place because because in the 1920s america banned alcohol for reasons which are still mysterious to me hey we're about to throw this giant rager that goes on for 10 years make sure no one brings booze [Music] so let's get rid of our own prohibition aka the drug war and go straight to the part where we admit it doesn't work the white house it's okay the white house unfortunately is going in the wrong direction what the joe well you really got to give it to the drug war it is bipartisan it was 50 years ago when nixon announced that drugs were quote public enemy number one and told elvis to get rid of them by taking them all so much of the rot in our society stems from our modern day version of prohibition the people fleeing at the border that's the drug war the record-shattering amount of incarceration this country does with all its implications for racial injustice wasted lives and skewed elections because so many felons can't vote that's the drug war other people get it mexico legalized weed this month canada did it two years ago why are we always the last at everything now portugal ran this experiment they decriminalized all drugs 10 years ago and they had less than 100 overdose death overdose deaths last year we have 81 000. the war is over west virginia lost you

Channel: Real Time with Bill Maher

Views: 1,418,861

Rating: 4.783771 out of 5

Keywords: Christopher Krebs, Cybersecurity & Infrastructure Security Agency, CISA, Krebs Stamos Group, Caitlin Flanagan, The Atlantic, Private Schools Are Indefensible, The Gulf Between How Rich Kids and Poor Kids Are Educated In America is Obscene, book, Girl Land, Bret Stephens, columnist, The New York Times, MSNBC

Id: gRWbAjy-P4E

Length: 6min 46sec (406 seconds)

Published: Fri Mar 26 2021

Reddit Comments

[u/unred]

Maher is a cunt, and they are paying for this stimulus with tax raises. Get ready to pay more capital gains taxes on your btc profits.

[u/pavelos030]

It starts at 02:20! 😊 👍

[u/thdarknight]

Last night he actually said Cryptocurrency would be the downfall of society. He hasn't been useful since 2000

[u/philter451]

Yeah he probably views the speculative nature of Crypto the same way as the bull flag stock market.

[u/NeverStopStacking]

Bill maher (or his writers) are known for stealing jokes. Just ask the cumtown podcast.

[u/shmoculus]

the constant cheering and clapping is really annoying, but kudos for raising the issue