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LARRY: SO THE WHITE HOUSE DID A
LOT OF WARNING TODAY ABOUT A
STRONG RESPONSE IF PUTIN INVADE
UKRAINE.
DON’T KNOW EXACTLY WHAT THAT
MEANS AND WHAT IF HE DOESN’T
INVADE UKRAINE, WHAT THEN?
JOINING ME NOW IS KENTUCKY
SENATOR RAND PAUL.
SENATOR PAUL, WELCOME BACK, SIR,
AS ALWAYS, GOOD TO SEE YOU.
>> THANKS FOR HAVING ME.
LARRY: GET YOUR TAKE, YOUR WORLD
VIEW OF THIS POTENTIAL
CONFRONTATION AS YOU SEE IT?
>> YOU KNOW, I THINK IT IS
IMPORTANT TO LISTEN TO YOUR
ADVERSARY.
YOU DON’T HAVE TO AGREE WITH
YOUR ADVERSARY BUT YOU HAVE TO
KNOW WHAT THEY WANT AND WHAT
THEY’RE ASKING FOR.
A COUPLE OF THINGS PUTIN SAID
REPEATEDLY OVER TIME AND HE
DOESN’T WANT UKRAINE TO BE PART
OF NATO AND DOESN’T WANT
OFFENSIVE WEAPONS TO BE LOCATEED
IN NIX TO COUNTRIES ALONG HIS
WORDER.
WE SHOULD LISTEN TO HIM.
IF WE PUSH THEM TOWARDS NATO
THAT PUSHES HIM TO OCCUPY
UKRAINE.
OCCUPIES GEORGIA BUT WE CAN’T
PUT THEM IN NATO IF HE OCCUPIES
IT.
IS IT TO GOOD IDEA TO KEEP
PRODDING COUNTRIES ALONG THE
BORDER TO PUSH THEM IN NATO.
I THINK THAT IS BACKPACK FIRING
AND MAKING HIM MORE SECURE AND
FEELS LIKE HE WILL OCCUPY
UKRAINE TO PUT THEM INTO NATO.
LARRY: SENATOR, THE POINT I WANT
TO THINK ABOUT IS, IF THE
UKRAINIANS THEMSELVES, IT’S A
DEMOCRACY, IF THE UKRAINIANS
THEMSELVES WANT TO MOVE INTO THE WESTERN ORBIT, WHETHER IT IS
WESTERN ORBIT, WHETHER IT IS
NATO OR THE EUROPEAN UNION, OR
MARKET-ORIENTED CAPITALISM
BECAUSE THEY’RE TRYING TO BUILD
UP THEIR ECONOMY, IF THEY WANT
TO DO IT, SEEMS TO ME PUTIN IS
STOPPING THEIR
SELF-DETERMINATION.
WE’RE NOT THE ONES DOING THAT.
>> WELL, SURE, BUT IF HE IS
DOING IT IN REACTION TO PUTTING
THEM INTO A MILITARY ALLIANCE HE
FEELS THREATENED BY I THINK HAS
THINGS TO DO WITH IT.
KISSINGER HAD IT RIGHT WHEN HE
SAYS UKRAINE HAS A FOOT IN
EUROPE AND A FOOT IN ASIA.
THE BEST THING FOR THEIR
COUNTRY, THEY HAVE TO MAKE THESE
DECISIONS THE BEST THING WOULD
BE TO TRADE WITH BOTH.
A MODEL OF SWITZERLAND WOULD BE
A MUCH BETTER OF MODEL, LET’S
GET IN NATO TO HAVE TENS OF
THOUSANDS OF AMERICAN TROOPS IN
HERE.
THE OTHER THING IS, IF YOU LIVED
IN UKRAINE, IT REALLY WOULD BE
YOUR BUSINESS, BUT IF YOU LIVED
IN UKRAINE I THINK A CERTAIN
AMOUNT OF FEDERALISM IS GOOD NO
MATTER WHAT COUNTRY YOU’RE IN.
THERE ARE RUSSIAN SPEAKING
DOMINATED AREAS OF UKRAINE.
ALLOW MORE INDEPENDENCE TO
CITIES, MAYORS, PROVINCES TO
MAKE THEIR OWN DECISIONS AND
THEY FEEL LESS LIKELY TO FEEL
LIKE OH, WE NEED TO BE PART OF
RUSSIA BECAUSE UKRAINE IS NOT
LISTENING TO US.
LISTENING TO YOUR PEOPLE, HAVING
MORE FEDERALISM OR MORE LOCAL
CONTROL OF THINGS IS ANOTHER
POSSIBILITY FOR TRYING TO KEEP
UKRAINE TOGETHER.
LARRY: WHAT WOULD YOU RECOMMEND
IF PUTIN GOES AHEAD AND, YOU
KNOW IN THE WORST-CASE SCENARIO
OR WHATEVER, I DON’T KNOW IF HE
KNOWS WHAT HIS MILITARY
OPERATIONS ARE GOING TO BE BUT
THE INTEL SAYS THEY’RE MOVING
175,000, WHAT DO YOU DO,
SENATOR, IF THEY IN FACT INVADE
UKRAINE?
>> THE THING IS, FOR THE U.S. TO
PARTICIPATE AND FOR THE U.S. TO
BE INVOLVED IN ANY KIND OF WAR
IT WOULD COME TO THE PEOPLES
HOUSE, IT WOULD COME TO CONGRESS
AND WE SHOULD HAVE TO VOTE ON
IT.
SHOULDN’T BE THE DECISION OF ONE
PERSON.
SHOULDN’T BE THE DECISION OF A
PRESIDENT.
IT WOULD BE A MOMENTOUS THING.
I CAN TELL YOU THAT I THINK
PROBABLY UNLIKELY THAT AMERICA
IS GOING TO BE SENDING A MILLION
TROOPS INTO THE EDGE OF RUSSIA,
FIGHTING WITH A WAR WITH RUSSIA
OVER THERE.
I THINK THEY THINK THAT IS
UNLIKELY ALSO.
THEY SAY WE’LL SANCTION THEM OR
DO THINGS WITH NATO.
WE’VE GOT THOUSANDS OF SANCTIONS
ON RUSSIA.
I SEE NO EVIDENCE THEY HAVE
CHANGED ANY BEHAVIOR.
I THINK THE OPPOSITE WOULD BE OF
1000 SANCTIONS WE HAVE ON
RUSSIA, IF WE TALK ABOUT WHAT
ARE THE THINGS WE CAN COOPERATE
ON, WHAT ARE WAYS WHICH CAN
LESSEN SANCTIONS IN ORDER TO
HAVE BETTER RELATIONS.
SO WE’RE VERY GOOD PUTTING
SANCTIONS ON BUT I HAVE YET TO
SEE ANY SANCTIONS WE TAKE OFF OR
ANY WAY WE USE THEM AS LEVERAGE
TO GET BETTER BEHAVIOR.
I’M FOR MORE DIPLOMACY ON THIS.
I STILL THINK THERE IS WAY OUT
THAT WOULDN’T INVOLVE WAR.
LARRY: I HOPE YOU’RE RIGHT.
I DON’T THINK THERE IS ANY
CHANCE WE WOULD ACTUALLY GO TO
WAR.
SANCTIONS MAY BE ANOTHER
COMPLETELY DIFFERENT MATTER BUT,
SENATOR, ANOTHER POINT IS, WHY
DOESN’T BIDEN HELP THE U.S. OIL
AND GAS INDUSTRY INSTEAD OF
HELPING RUSSIA’S?
AMONG OTHER THINGS, IF WE GO
BACK IN, IF HE WOULD STOP
ATTACKING OUR FOSSIL FUEL
INDUSTRY, WE PRODUCED MORE
FOSSIL FUELS WHICH WE’RE CAPABLE
OF DOING, FRANK HI IN A CLEAN
WAY, THAT WOULD LOWER THE WORLD
PRICE, I THINK MORE SUPPLY ON
THE MARKET, THAT HURTS RUSSIA.
THAT HURTS RUSSIA A LOT.
>> WELL I THINK HE IS
INCONSISTENT IN OPPOSING
PIPELINES HERE AND BEING FOR
PIPELINES OVERSEAS BUT I WOULD
SAY THAT I THINK PEOPLE
MISREPRESENT THE NORD STREAM 2.
IT IS ALREADY COMPLETED.
IT IS A FAIT ACCOMPLI.
NOT LIKE WE’LL PUT SANCTIONS ON
IT WILL GO AWAY.
THE PIPELINE IS COMPLETED.
I THINK THAT SHIP HAS SAILED BUT
I’M FOR MORE COMMERCE.
I’M FOR RUSSIA SELLING MORE
STUFF TO EUROPE AND EUROPE
BUYING MORE STUFF TO RUSSIA.
THE MORE WE’RE INTERCONNECTED
LESS LIKELY WE ARE TO FIGHT.
I’M FOR MORE OIL COMING OUT OF
TEXAS AND MORE OIL FROM
NORTH DAKOTA BUT I DON’T MIND IF
THERE IS MORE COMMERCE BETWEEN
RUSSIA AND EUROPE.
I THINK IT IS MUCH LESS LIKELY
IF THEY GO TO WAR IF WE’RE
INTERLINED WITH TRADE.
LARRY: OKAY.
I WANT TO SWITCH GEARS, THERE IS
A WONDERFUL QUOTE FROM OUR
FRIEND ELON MUSK ABOUT SAVING
AMERICA AND KILLING THE BILL.
I WANT TO COME BACK TO THAT.
IT HAS SOMETHING TO DO WITH
ENERGY.
TAKE A LISTEN, SENATOR, TO WHAT
MR. MUSK SAID, I THINK IT WAS
YESTERDAY.
>> HONESTLY MIGHT BE BETTER FOR
BOTH PATHS WE SPENT SO MUCH
MONEY YOU KNOW, LIKE FEDERAL
BUDGET DEFICIT IS INSANE.
HONESTLY I WOULD CAN THE WHOLE
BILL.
DON’T PASS IT.
THAT IS MY RECOMMENDATION.
DO WE NEED SUPPORT FOR GAS
STATIONS?
WE DON’T.
SO THERE IS NO NEED FOR THIS,
FOR SUPPORT FOR CHARGING
NETWORK.
DELETE IT.
IN GENERAL WE SHOULD JUST, IF WE
DON’T CUT GOVERNMENT SPENDING,
SOMETHING REALLY BAD IS GOING TO
HAPPEN.
THIS IS CRAZY.
OUR SPENDING IS SO FAR IN EXCESS
OF REVENUE IT IS INSANE.
LARRY: KIND OF SOUNDS LIKE YOUR
KIND OF GUY, SENATOR.
DELETE, CAN THE WHOLE BILL.
THE FEDERAL GOVERNMENT SHOULDN’T
PAY FOR ELECTRIC GAS STATIONS.
WHAT DO YOU MAKE OF THAT AND ARE
YOU SURPRISED TO HEAR MUSK SAY
THAT?
>> YEAH, I DON’T KNOW HIM WELL
BUT HE IS EXACTLY RIGHT.
THE DEBT IS GOING TO KILL US.
THE DEBT IS AN IMPENDING BOMB
FOR THE ECONOMY.
IT IS CAUSING INFLATION WE HAVE
NOW BUT IT WILL GET WORSE IF WE
ADD MORE DEBT TO IT.
AS FAR AS ELECTRICAL CHARGING
STATIONS THEY SHOULD DEVELOP AS
THE MARKET FOR ELECTRIC CARS
DEVELOPS, DEVELOP IN A
SPONTANEOUS MARKET ORDERED WAY.
WE DON’T WANT THE GOVERNMENT
BUILDING THEM.
REMEMBER WHAT FRED MAN SAID, IF
YOU GAVE THE FEDERAL GOVERNMENT
THE SAHARA THERE WILL BE
SHORTAGE OF SAND IN COUPLE
WEEKS.
THEY ARE TERRIBLE RUNNING
EVERYTHING.
THE GOVERNMENT NEEDS TO BE IN
THE SEMICONDUCTOR BUSINESS.
JUST LAST WEEK TEXAS ANNOUNCED
17 BILLION-DOLLAR INVESTMENT.
THAT IS THE WAY IT OUGHT TO
WORK.
LET’S ENCOURAGE SEMICONDUCTORS
TO BE BUILT IN OUR COUNTRY.
LET’S NOT GIVE THEM MONEY,
REDUCE TAXES.
COME TO OUR COUNTRY.
IT’S A WONDERFUL PLACE.
DON’T BUILD ALL THE STUFF
OURSELVES OR HAVE THE GOVERNMENT
DO IT BECAUSE THEY INEVITABLY
WILL SCREW IT UP.
LARRY: I TOTALLY AGREE WITH YOU.
THIS MAY OR MAY NOT SURPRISE
YOU, LAST POINT, ONE GUY WHO
COMPLETELY OPPOSED SUBSIDIES FOR
INDUSTRIES, INCLUDING
SEMICONDUCTOR INDUSTRIES, WAS,
MY FORMER BOSS DONALD TRUMP.
I DON’T KNOW --
>> LOOK, WE COULD FIX SO MANY
PROBLEMS.
WE DO WANT MORE LIKE THE SUPPLY
CHAIN FOR SEMICONDUCTORS AND
ALSO FOR DRUGS TO BE IN OUR
COUNTRY.
LET’S DO IT BY REDUCING THEIR
TAXES.
THAT WAY WE DON’T PICK WHO THE
WINNERS ARE.
YOU HAVE TO MAKE A PROFIT TO PAY
LESS TAXES BUT REDUCE TAXES ON
PEOPLE THAT WANT TO MAKE
SEMICONDUCTORS AND MAKE
ANTIBIOTICS AND DRUGS HERE.
WE COULD BE THE KING OF ALL
THESE THINGS.
PUERTO RICO USED TO BE A BIG
PLACE FOR PHARMACEUTICALS.
WE TOOK AWAY THE TAX ADVANTAGE.
GUESS WHAT?
THEY HAVE NO LONGER A PRODUCTION
CHAIN THERE.