Transcript/Spiritual Correction

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Andy in Kansas, you're on the air. Thanks for holding

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Hello Alex, I'm a first time caller. I'm a huge fan. I love your work. I love you. Hey everybody welcome back to Knowledge Fight

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I'm Dan. I'm Jordan. We're here really quick just to drop in with a what I'm gonna call a spiritual correction

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On the last episode we talked about

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campaign donations right that Trump had gotten and Hillary Clinton had gotten and we were not inaccurate

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but I found information later that after we'd recorded the episode that I feel like I would be remiss if I didn't point out and

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Call myself out on one of those things the thing that's most important is that

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Renaissance Technologies the company that is owned by Robert Mercer gave Trump 15 million dollars in the campaign

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15.5 million dollars, but I later found out he also gave Hillary 14 million dollars

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So so he's hedging his bets which is what literally every billionaire did absolutely like everybody at Goldman Sachs

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Gave Hillary a shit ton of money and also Trump a shit ton of money

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Well, actually they would have wound up in the cabinet either direction. Actually, that's kind of interesting

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That's the other correction that I needed to make we weren't specific enough about the Goldman Sachs stuff with Trump

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Okay, the reality is that Goldman Sachs banned all their partners for making donations

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interest to Trump and Pence

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interesting and the reason is that they had made a policy change about

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Supporting candidates running for state or local offices as well as giving money to people who are sitting state or local

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officials running for federal office and quote from a memo that was distributed to Goldman Sachs employees

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This policy change is meant to prevent inadvertently violating pay-to-play rules

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Particularly the look back provision when partners transition into roles covered by these rules

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The policy change is also meant to minimize potential

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Reputational damage caused by any false perception that the firm is attempting to circumvent pay-to-play rules particularly given

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Partners seniority and visibility. So basically what it says the company with all of its fucking former members in the goddamn

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Cabinet, right, right, but but here here's the issue

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It has to do with state and local representatives, right? Because those are the people who can make rules that more

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directly

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Fuck with yeah

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yeah, so the

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The situation is the bank's compliance team pointed to the Trump-Pence campaign as a donation

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No-go because Pence is the governor of Indiana giving him influence over state pensions

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Right, so that was a situation where they couldn't give to him because he was a state official

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Okay

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Meanwhile the new rules at Goldman Sachs don't restrict contributions to Democratic presidential candidate Hillary Clinton because she currently doesn't hold office

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Her vice presidential candidate Tim Kaine is a US senator

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So wouldn't be subject to the rules either because he's not a state or local official. So Goldman Sachs employees were

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Unallowed to give money to the Trump campaign, but it wasn't because they hated Trump. It was because of state and local

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So this particular thing this particular rule that they implemented somehow

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Wound up happening to the Trump campaign

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it was

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not

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Purposeful, it was just kind of coincidental if Tim Kaine had been a governor

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It would have been exactly exactly the same. He would have been they would have been banned from giving ready to Hillary Clinton

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But it's fine. It's fine that they gave

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Hillary Clinton money and they would have given Trump money. Yeah, if

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They could yeah sure and the other thing is I just you know, wow, I'm calling myself out

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there were you know people who gave tens of millions of dollars to Hillary to and I feel like when I listened back to it I

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Was misrepresenting things by you know, these million dollar two million dollar donations

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And then we said Mercer gave 15 million to Trump right the appearance that she didn't have

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Large-scale donors right and that was kind of unfair of me. It was unintentional, but

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But even though even then the larger point is billionaires don't give a fuck and they're just gonna give

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Millions to anybody. Yeah, because if they become president fuck it

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We already gave you millions, but also the other point is that a lot of those high

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Donations on Hillary's side were from unions and stuff like that. Okay, so there were like teachers unions and stuff like that

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They're their political action committee. No one of the one of the larger like in the

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Pantheon of donors there's billionaires and then there's unions that are not

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Equivalent, but they still give a shit ton of money. No. So anyway, this has been a tiny drop-in

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Please enjoy the longer episode today, but I just wanted to do this because you know

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It's about being above board and I felt like when I listen back to that episode. It was slightly unfair

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So something that Alex Jones is never done. Probably not. Anyway, thank you all for listening

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We do appreciate it. We'll talk to you real soon. But until then

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Rappaport he still lives

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He still lives

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Andy in Kansas you're on the air. Thanks for holding. Hello Alex. I'm a first-time caller. I'm a huge fan. I love your work