DavidKnight_02-25-2026.timecode

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[00:30.000 --> 00:51.000]  In a world of deceit, telling the truth is a revolutionary act.
[00:51.000 --> 00:58.400]  It's The David Knight Show.
[00:58.400 --> 01:04.800]  As the clock strikes 13, it's Wednesday, the 25th of February, year of our Lord, 2026.
[01:04.800 --> 01:10.600]  Well, last night we had the state of the dis-union, and we're going to take a quick look at that.
[01:10.600 --> 01:12.600]  There wasn't much in terms of substance.
[01:12.600 --> 01:14.800]  A lot of things that people thought were going to be covered.
[01:14.800 --> 01:20.600]  I mean, we're gearing up for a war with Iran, but we're not going to talk about that too much.
[01:20.600 --> 01:27.400]  So we're going to look at the economy, the ergonomics of Trump, the war, the ego politics,
[01:27.400 --> 01:31.200]  even the Pentagon is having concerns about this war in Iran.
[01:31.200 --> 01:38.600]  They said, you know, we're low on allies and ammunition, and this could be a very long fight.
[01:38.600 --> 01:43.800]  And then there's some new revelations about the Epstein files.
[01:43.800 --> 01:53.200]  Turns out that there's a missing 53 pages, and these involve three out of four interviews
[01:53.200 --> 01:59.000]  with a woman who claims that she was raped by Trump as a teenager.
[01:59.000 --> 02:02.600]  And the FBI took it seriously enough to do four interviews.
[02:02.600 --> 02:06.000]  Three of those interviews are missing.
[02:06.000 --> 02:10.400]  And Gerald Slinty is going to be joining us, a new Trends Journal today on Wednesday.
[02:10.400 --> 02:16.200]  We're going to be talking about Trump and tariffs, and of course, what's going to happen in war.
[02:16.200 --> 02:18.000]  We'll be right back.
[02:24.200 --> 02:28.200]  Well, let's take a look at the state of the disunion.
[02:28.200 --> 02:34.800]  The anticipation about it was much more interesting than the actual event.
[02:34.800 --> 02:40.200]  Zero Hedge was saying, well, this is going to be, could be a lot of fireworks.
[02:40.200 --> 02:41.600]  He may go after the Supreme Court.
[02:41.600 --> 02:44.200]  They're going to be just setting a few feet away from him.
[02:44.200 --> 02:48.800]  And Obama did that at one point in time in a State of the Union address.
[02:48.800 --> 02:51.800]  He was very upset with recent Supreme Court opinion.
[02:51.800 --> 02:53.400]  That didn't happen.
[02:53.400 --> 02:57.800]  You had 72 Democrats who decided to boycott the address last night.
[02:57.800 --> 02:58.800]  We're not going to be there.
[02:58.800 --> 03:01.600]  Everybody knew it was going to be a very long speech.
[03:01.600 --> 03:07.200]  One of the longest speeches that a president's ever given to a joint session was last year
[03:07.200 --> 03:10.400]  when it was not a State of the Union yet, but it was a speech,
[03:10.400 --> 03:12.200]  and it was about an hour and 40 minutes long.
[03:12.200 --> 03:17.600]  I didn't even bother to look at how long this one was, but it was pretty long.
[03:17.600 --> 03:23.600]  A lot of the use of the term winning in case you buy that kind of stuff.
[03:23.600 --> 03:27.400]  But yeah, it was a long padded false resume.
[03:27.400 --> 03:28.600]  It basically was what it was.
[03:28.600 --> 03:32.600]  Very little discussion about the issues that people thought were going to be there.
[03:32.600 --> 03:34.400]  Like, for example, Iran.
[03:34.400 --> 03:39.800]  Everybody knows that he's gearing up, that war is imminent with Iran.
[03:39.800 --> 03:42.600]  No talk about that really.
[03:42.600 --> 03:45.200]  It's kind of a little of an aside.
[03:45.200 --> 03:48.600]  And so some of the things that Zero Hedge thought that he might talk about,
[03:48.600 --> 03:52.800]  they said, well, he reportedly is planning to outline an unconventional idea
[03:52.800 --> 03:59.200]  for personal and corporate tax cuts that he could implement, of course, without Congress.
[03:59.200 --> 04:03.800]  Like I said before, we have the legislative branch, the judicial branch,
[04:03.800 --> 04:07.800]  and now we have a newly renamed emergency branch.
[04:07.800 --> 04:09.200]  That's what government has become.
[04:09.200 --> 04:12.800]  And so it's going to be what emergency orders is going to do.
[04:12.800 --> 04:14.800]  But there was nothing about that.
[04:14.800 --> 04:19.600]  Nothing about a new idea for personal and corporate tax cuts.
[04:19.600 --> 04:22.600]  Trump has previously floated rebate checks for Americans
[04:22.600 --> 04:25.600]  that would be funded by tariff revenue.
[04:25.600 --> 04:26.600]  What tariff revenue?
[04:26.600 --> 04:32.800]  As a matter of fact, you just had FedEx, the first company to file a lawsuit.
[04:32.800 --> 04:36.400]  You see, the government takes your money and you got to sue to get it back.
[04:36.400 --> 04:39.400]  It's kind of like civil asset forfeiture, isn't it?
[04:39.400 --> 04:43.400]  Where they steal your car or your home or your cash.
[04:43.400 --> 04:45.600]  They say it's a civil procedure.
[04:45.600 --> 04:47.600]  It's not a criminal procedure.
[04:47.600 --> 04:49.600]  You weren't found guilty of any crime.
[04:49.600 --> 04:52.600]  You weren't even charged with a crime, but they stole your stuff anyway.
[04:52.600 --> 04:55.600]  And because they call it a civil procedure,
[04:55.600 --> 05:00.600]  because it's based on rules coming from the emergency branch of government,
[05:00.600 --> 05:03.000]  then you have to sue them to get your property back.
[05:03.000 --> 05:06.600]  And that's what it is now with the people who have paid these tariffs.
[05:06.600 --> 05:07.800]  They got to sue to get it back.
[05:07.800 --> 05:10.800]  Federal Express had said earlier this summer,
[05:10.800 --> 05:18.000]  they were facing a billion dollar charge because of Trump's tariffs,
[05:18.000 --> 05:23.200]  which amounted to 16% of their income.
[05:23.200 --> 05:26.800]  And so it's a big deal and they are the first ones out of the gate
[05:26.800 --> 05:30.800]  to come back and ask for their money back in a lawsuit.
[05:30.800 --> 05:33.400]  Trump could emphasize, said Zero Hedge,
[05:33.400 --> 05:38.600]  plans that his administration has to lower housing costs.
[05:38.600 --> 05:40.200]  You know, things like, as they put it,
[05:40.200 --> 05:44.000]  barring institutional investors from snapping up single-family homes.
[05:44.000 --> 05:47.200]  Zero Hedge ought to know better than that.
[05:47.200 --> 05:50.000]  I had David Bonson on and he explained,
[05:50.000 --> 05:53.600]  here's what the research has shown.
[05:53.600 --> 05:56.800]  It's actually a very, very small footprint in the marketplace
[05:56.800 --> 05:59.600]  in terms of institutional investment.
[05:59.600 --> 06:01.600]  And in the markets that they invested in,
[06:01.600 --> 06:06.800]  those were not the markets that didn't have really an effect anyway in those markets.
[06:06.800 --> 06:13.000]  So that is something that presents really serious principal issues.
[06:13.000 --> 06:17.200]  You know, where do we, if we establish this as a precedent,
[06:17.200 --> 06:18.600]  where could this go?
[06:18.600 --> 06:21.400]  It's a very dangerous, very stupid idea.
[06:21.400 --> 06:24.000]  First of all, there's no pragmatic benefit to it.
[06:24.000 --> 06:28.800]  Secondly, it sets yet another Trump precedent
[06:29.000 --> 06:32.200]  that destroys the rule of law and the Constitution.
[06:32.200 --> 06:37.400]  Anyway, that was not mentioned either in the state of the disunion.
[06:37.400 --> 06:39.200]  Scathing, dressing down of the justices?
[06:39.200 --> 06:41.200]  Well, that didn't happen either.
[06:41.200 --> 06:44.800]  As Reason pointed out,
[06:44.800 --> 06:50.800]  the sixth year of presidents has been notoriously bad for them.
[06:50.800 --> 06:55.000]  For Nixon, it's bad for Reagan, that's when Iran contra broke.
[06:55.000 --> 06:57.000]  It's bad for Bill Clinton.
[06:57.000 --> 06:59.000]  That was when the Monica Lewinsky thing happened.
[06:59.000 --> 07:08.000]  And it was basically had happened just before he gave his State of the Union number six,
[07:08.000 --> 07:10.000]  in his sixth year, I should say.
[07:10.000 --> 07:14.000]  And his response to that was just to ignore it,
[07:14.000 --> 07:18.000]  just to talk right past it, not even mention it, right?
[07:18.000 --> 07:20.800]  He had just had all this stuff, you know, we had the press conference
[07:20.800 --> 07:22.400]  and he's standing right next to Hillary Clinton.
[07:22.400 --> 07:26.200]  He says, well, I did not have sex with that woman.
[07:26.400 --> 07:28.400]  Monica Lewinsky.
[07:33.400 --> 07:36.400]  And of course, Ken Starr let him off.
[07:36.400 --> 07:40.400]  Ken Starr let off Jeffrey Epstein as well, along with Alan Dershowitz
[07:40.400 --> 07:42.400]  and with Trump's Alex Acosta.
[07:42.400 --> 07:49.400]  So again, it's amazing to me how similar the Clintons and the Trumps are,
[07:49.400 --> 07:51.400]  really, when you take a look at it.
[07:51.400 --> 07:53.400]  It's amazing.
[07:53.600 --> 07:59.600]  As I say, history doesn't repeat, but it certainly does rhyme in a very creepy way.
[07:59.600 --> 08:03.600]  So Trump was likely to address Iran during his speech,
[08:03.600 --> 08:05.600]  but very, very little about that.
[08:05.600 --> 08:07.600]  No case being made for the war there.
[08:12.600 --> 08:14.600]  The transcript is there if you want to read it,
[08:14.600 --> 08:16.600]  but listen to this cheerleading coming from Breitbart.
[08:16.600 --> 08:19.600]  I went to Breitbart and I went to CNN
[08:19.800 --> 08:21.800]  because I wanted to get these two different bookends
[08:21.800 --> 08:23.800]  to see what people were saying about this thing.
[08:23.800 --> 08:28.800]  Frankly, folks, I'm not going to watch two hours of Trump rambling and lying
[08:28.800 --> 08:31.800]  and patting himself on the back, not for anything.
[08:31.800 --> 08:35.800]  I'll take a look at the transcripts, but that's bad enough.
[08:35.800 --> 08:37.800]  I'm not going to waste my life that way.
[08:37.800 --> 08:39.800]  Too short.
[08:39.800 --> 08:42.800]  Anyway, Breitbart, this is the way they capped it up.