Jay Powell

speaker
227 appearances 13 recordings 4 series first heard Jan 2025 last heard 30 Apr

Jay Powell’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
10 · Jan OctJan 26AprJulnow

Recordings per month over the last 12 months — 12 in all, peaking in Jan 2026 with 10.

Appearances

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And for anybody who voted for this level of incompetence, it reminds me of exactly what we went through in San Francisco when I was living there in the Bay Area, when you put someone like Chesa Boudin in or London Breed or this entire...
Clown car, Aaron Petsker, all these disgraceful, the Marxist lunatics who would rather virtue signal dopey Dean Preston, the whole lot of them, you vote them out and you vote in executives. And it doesn't mean a Republican executive. It doesn't mean a Democrat executive. It means an executive who's run something in their life before.
Whether it's Bloomberg, whether it's Trump, whether it's Rick Caruso, it doesn't matter their ideology. It matters their effectiveness. And if you vote for ineffective people, you're going to get situations like this over and over and over again. So use your brains and vote for executives who've done something in the world. This is why I've changed my position on rooting for Trump now.
I was a never Trump or everybody knows that, but he put executives around him this time around. And I am rooting for those executives to do what's right for the American people and solve big problems, not make them worse. It's infuriating. Timoth, what do you think?
It's a crisis of competence. I mean, I think we all see it. These are incompetent people.
Well said. I mean, and as we said in this segment, there are so many common sense, tactical, strategic things that these people could be doing, that they should be doing, that they're not. And there needs to be a full-blown investigation. You kind of alluded to this earlier, Chamath, but if there is, if this is dereliction of duty, then we need to look into this in a very deep fashion.
And to the people of California, you have more power than you know My friend who used to be on this podcast once in a while, he and I collaborated on Chesa Boudin being taken out as this DA in the Bay Area. I know some other people here were involved in it as well. And you can recall somebody. So recall these incompetent lunatics. Recall them.
Why did for 20 years while we were all in the Bay Area or other people, you know, just too busy building companies?
Here's a framing. If you're paying 50% tax in California, you're a shareholder of an organization known as California Inc. You're on the board of that company. You're paying the salaries of the people there. You have a say. Recall these people. Start a recall of Newsom. Start a recall of Karen Bass. Just do it. I'm not doing it. I don't have time for this. I'm in Austin.
But y'all who are still in California, start a page, recall Newsom, recall Bass, and you have the power to do it and you will succeed. I guarantee it. Now is the moment to strike. There's other news we should get to. You know, I hate to say thoughts and prayers, but literally I've been thinking about this, you know, all day long. And I have a lot of friends. My friend Mark Suster lost his home.
I used to play cards with Jimmy Woods. And, you know, I just feel terrible for everybody who's lost their homes and then their kids and their schools are burned down as well. All those great schools in Pacific Palisades are gone.
Oh, that's what's going to happen. They're going to sit on them, yeah. They're going to just sit on them and wait for people to forget like they did in 1962.
Yeah, he should be running the place.
So they're distorting it. They're putting their thumbs on the scale and they're distorting it even more, which creates a bigger crater.
All right. This has been an absolutely fantastic discussion. Let's move on to our next topic here. Zuck just fired Meta's third party fact checkers, and he is going to embrace the community notes model from Twitter slash X, which predates Elon's ownership of the platform and is an open source project for those folks who don't know. On Tuesday, he made the announcement on an Instagram video.
He published a blog with a bunch of details. And he made the signal that he was going to move the trust and safety team out of California, which he feels maybe was too far to the left, as we were just discussing in the previous story, and move it to the great state of Texas. And here's a quote from his comments.
In recent years, we've developed increasingly complex systems to manage content across our platforms, partly in response to societal and political pressures to moderate content. This approach has gone too far.
If you remember back in August, Zuck sent a letter to the House Judiciary Committee explaining how the FBI and Biden administration have pressured Facebook into censoring posts about COVID and Hunter Biden. You'll also remember that Zuckerberg has over 3 billion members to his platform and had no problem banning Trump from the platform after January 6th. A lot to talk about in this topic, Cyan.
What's your general take of Zuck going MAGA? How do you interpret his change of heart?
It's but one signal. It's one system for trying to get to the truth. It's not the only one. Fact-checking is another one. And having no system is another one. Chamath, you're obviously an alumni. You worked side-by-side with Zuckerberg in the pivotal years of building the Facebook platform. What's your take on what Cyan said? And what do you attribute... Zuckerberg's massive 180 here.
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