Young Voters Have Lost Hope In US Politics & Investors Take Advantage Of Congress' Insider Trading

According to a new poll, young voters are becoming increasingly frustrated with the political system, and they believe that our country has become a dying empire led by bad people. Also, members of Congress are so good at beating the average stock market returns that clever investors have now started watching their trades to find out which stocks to invest in. Independent newspaper publisher Rick Outzen joins Mike Papantonio to talk about what’s happening.

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

According to a new poll, young voters are becoming increasingly frustrated with the political system, and they believe that our country's become a dying empire led by bad people. I've got independent newspaper publisher, Rick Outzen with me to talk about this. Rick has got one of the most successful independent progressive newspapers in the country. Rick, give me your shot on this case. As you're looking at these facts situations, it looks like trouble for Biden where it comes to young voters.

Well, it does. We got two candidates whose old as dirt. So neither one 'em are overly excitable, but Biden needs this young vote. They helped him before, 2020. Gen Z, young millennials, you're looking at half of them, 49% don't believe that elections represent people like them. They don't believe the political system represents 'em. They see all politicians as corrupt.

Yeah. They describe them as corrupt, don't they?

Right, right. And that's at 60, that's two thirds that are saying that.

Well, I guess the most bothersome thing is the projection that they're giving where they consider the US a dying empire because of the bad leadership. I mean, is there any other way to read this?

Right. Well, and you talk to 'em, we interview this age group a lot and trying to find out what's exciting them, and it's, Biden just doesn't connect. The word Bidenomics means nothing to them.

Well, what are you talking about? In other words, Bidenomics, they come out, they say, we've got something young. We've got something fresh.

Right.

This is the economics of your generation. And it was a disaster. I mean.

I'm just thinking, wearing a Rastafari hat or or spoken a blunt, you know.

Right. Well, he's pulled it off. His advisors said, don't use the term Bidenomics anymore, because the young folks are not connecting with it.

Right.

Okay. So one thing, I don't know, I think you probably covered this in your newspaper, the Carville, James Carville coming out and saying, all young people are stupid. They're not engaged. They don't have enough sense to know this is the most important election. So hell with 'em. Actually, he said F 'em or something to that degree. I mean, it was crazy. I mean, it was like a crazy.

And that helps.

Yeah, that really helps. James Carville, who was the voice of the Democratic Party, as long as I can remember. But the truth is, it's hard to argue with these facts. You had Biden come in and say, look, I'm gonna do this student loan payback, which I think is really good idea. But it comes down to the fact that it's not moving anything. I mean, handout billions and billions of dollars, it's not moving anything, is it?

No. And you're looking at these young kids, they want an AOC, they want someone strong to stand up on the issues that are important to them. And you're looking at, the thing that when I went through this, Mike, and you see, I highlighted it, but as I was going through it.

Well, it's startling. Some of these numbers are startling.

Oh, yeah. You're looking at 55% of the political system doesn't represent us. 64%, America's in decline. 54%, the country's going downhill. But then you look at this is, if you took Gen Z and millennial off of this, you would think this was a Trumper. Trump would be, this is the kind of, this is what we hear from the Trump camp.

Well, as a matter of fact, Trump, he's running his campaign that is basically, it's voters will do better, if you look at voters, the voters that do better for Trump.