In short
The episode links rising consumer costs and corporate financial engineering to political corruption and election strategy in Maine. It focuses on (1) Wendy’s franchise failures driven by beef price spikes and private-equity-style extraction, (2) ProPublica’s allegations of Susan Collins-linked defense-contract bribery via a shell company and super PAC, and (3) New York Magazine’s account of Troy Jackson’s campaign being steered by Washington consultants on messaging about Medicare for All and Israel/Gaza.
Guest backgrounds
No named guests appear in the transcript; the hosts are Arnold Bogarty and Emily (plus “Ryan” referenced as a co-host/reporter).
Key claims
Wendy’s parent franchisor disputes royalties/fees; a major franchisee (Meritage Hospitality Group) filed for bankruptcy after termination. The hosts argue private equity securitized future royalties and sold land, leaving companies unable to absorb shocks like beef prices. For Collins, they claim Navitech used a shell LLC to funnel $150,000 to her super PAC, with emails suggesting her office involvement and contract pressure. For Jackson, they claim consultants pushed him to soften positions on Gaza/genocide language and adjust Medicare for All messaging.
Notable examples
Meritage Hospitality operates 314 Wendy’s restaurants across 15 states; Wendy’s claims nearly $30M owed. Collins case includes “Society of Young Women Scientists and Engineers” shell LLC, $32M in promised naval contracts, and a seven-day timeline where Collins staff sought the donor’s phone number. Jackson messaging includes a script calling violence “horrific” while opposing U.S. “offensive weapons,” and instructing “release of the hostages” despite claims that no such hostages exist.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOWendy's Facing Massive Closures
2:00 to 3:30
Discussion on Wendy's potential 300 closures due to high beef prices.
“Meritage Hospitality Group, which operates 314 Wendy's restaurants in 15 states.”
Impact of High Beef Prices
3:30 to 8:00
Exploration of how rising beef prices affect the restaurant industry.
“There are other sources of really good protein.”
Private Equity's Role in Fast Food
8:00 to 12:00
Analysis of the influence of private equity on fast food quality and business practices.
“It's also you hear people talk about the K-shaped economy, which kind of means things are doing well on the top and the bottom, but not in the middle.”
Challenges in the Current Market
12:00 to 14:00
Discussion on market dynamics affecting Wendy's and other fast food chains.
“But what made that possible is that you had a physical in-person relationship where you were trusting and haggling over what was fair.”
Discussion on ACA Scammers and AI Solutions
14:00 to 17:08
Exploring the impact of scammers in the ACA system and how AI can help identify fraudulent enrollments.
“So, So, but I did want to zag on this a little bit.”
Investigating Susan Collins and Corruption
19:53 to 28:00
An in-depth look at the corruption allegations against Senator Susan Collins and the involvement of defense contractors.
“ProPublica dropped a massive investigation into Susan Collins, Senator Susan Collins, who's obviously up for re-election in Maine.”
Super PACs and Campaign Coordination
28:00 to 29:19
Discussion on the implications of super PAC coordination with campaign operations.
“This is seven days after the super PAC cashed the check.”
Political Contributions and Lobbying
29:20 to 33:00
Exploration of political contributions tied to lobbying efforts and the implications for lawmakers.
“Cal in the way that Reed was dealing with Cal.”
ProPublica's Reporting Limitations
33:00 to 35:05
Critique of ProPublica’s coverage on the relationship between super PACs and campaign finance.
“Then Scott Reed reaches out to him saying, we do need a lot more money and asks for this extraordinary amount of money.”
Public Funding and Private Gain
35:05 to 37:14
Analysis of how public funding was misused for private gain in defense contracts.
“And to your point, I think if they more tightly linked the campaign to the super PAC, then you can more tightly show the relationship between Collins and the bribe.”
Show all 14 chapters
Broader Corruption Issues
37:14 to 38:20
Discussion on the broader implications of corruption beyond just Susan Collins and the need for accountability.
“Like, that's what the taxpayers got out of it, is this guy getting fantastically rich.”
Troy Jackson Campaign Dynamics
41:17 to 42:01
Examination of the pressures on Troy Jackson's campaign from Washington consultants.
Troy Jackson's Campaign Strategies and Challenges
42:01 to 49:58
Explore the intricacies of Troy Jackson's campaign and the pressures he faces to conform to party expectations.
“And it gets into some detail about the ways that they're telling him to stop being an interesting candidate.”
Fuel Oil Crisis in Maine
49:59 to 51:40
Discuss the impact of rising fuel oil prices on families in Maine amid trade wars and economic challenges.
“And so people are paying people are paying extraordinary amounts for it.”
Transcript
Automatic transcript. May contain errors.0:00This is an iHeart Podcast. Guaranteed Human. My name is Arnold Bogarty, and prior to me, I enrolled in Rasmussen to become a nurse. I spent 16 years in the military, 12 in Special Forces, as an Army Green Beret, and I was recommended to Rasmussen by a former student. She said she loved the culture. It was a family atmosphere. I went to visit the campus. The facilities were amazing. I knew before I left that that was the school that I was going to attend. Rasmussen University. Are you ready to be your own hero? Online and on campus. Learn more at rasmussen.edu. Thinking about selling your car? Get a real offer worth real money from CarMax.
0:38Then take seven days to think it over. That's it. No haggling, no hassles, no pressure. Get all the details and a real offer today at CarMax.com. Want to drive? CarMax. Apple Vacations, where your story starts. The Friends and Family Sale is here at Apple Vacations. Book by September 24th and save up to 50 % on all-inclusive vacations with instant savings. Whether it's a getaway with friends or a family vacation, there's always a reason to make more memories with your favorite people. Travel through August 2027 and start planning your getaway today at AppleVacations.com or with your trusted travel advisor.
1:14Apple Vacations, where your story starts. Hey guys, Ready or Not 2024 is here, and we, here at Breaking Points, are already thinking of ways we can up our game for this critical election. We rely on our premium subs to expand coverage, upgrade the studio, add staff, give you guys the best independent coverage that is possible. If you like what we're all about, it just means the absolute world to have your support. But enough with that, let's get to the show.
1:44Emily Jashinsky:Well, some very bad news. Wendy's looks like it's about to face 300 closures. You can put this first headline up on the screen. This is from the Associated Press. Wendy's faces 300 closures across 15 states due to crippling beef prices. The report here says one of the largest U.S. franchisees for Wendy's has filed for bankruptcy protection after the restaurant chain tried to terminate its franchise agreement. Meritage Hospitality Group, which operates 314 Wendy's restaurants in 15 states. Said in a statement last week, it intends to keep operating its restaurants and paying its 9 ,000 employees during the bankruptcy process.
2:17Emily Jashinsky:So this is a franchise based in Grand Rapids, Michigan. And they are now facing, according to court documents, a notice of termination from Wendy's of that company's agreement for the franchising. And that was effective immediately on September 16th. Wendy's is claiming that this franchise owes almost $30 million in royalties and fees. So looking pretty brutal, but coming, of course, as beef prices are very high. This franchise has 54 Wendy's locations in Michigan, but they also run Wendy's in Georgia, Florida. They have a lot of Wendy's in Connecticut, Tennessee, Oklahoma, and then less than 20 Wendy's in Arkansas, Indiana, Massachusetts, Mississippi, Missouri, North Carolina, Ohio, Texas, and Virginia.
2:59Emily Jashinsky:All that is to say, this is a huge, huge franchisee of Wendy's that is now coming under court filings from the parent company. Yeah, we want to talk for a minute about how Wendy's got to this situation. But first, the good news, if you can't afford beef, there are other things that you can eat. Let's roll Agricultural Secretary Brooke Rollins. But if it is too expensive, unlike Fuel Binney, you can eat chicken, pork, salmon, eggs. There are other sources of really good protein. And all of those prices are coming down as well. So it isn't necessarily breaking out there. And listen, I'm a mom of four.
3:42I'm still feeding a whole bunch of kids, very hungry kids. We realize the price of groceries are too high. We're doing everything we can to bring them down after the Biden years of crazy, crazy inflation. I would argue as a farm girl, as a cattle girl, and as a maha mom of four teenagers,
3:59Emily Jashinsky:that$6.50 for a pound of ground beef probably isn't that bad. Two different quotes there. So first she's saying you can get salmon instead, and second she's saying that price is not that bad. Yeah, and things got pretty bad for Joe Biden during COVID and inflation, but it never got to a place where he was telling people that they can eat eggs or veggie burgers, as I've seen some people on the right kind of circulating, like something saying like, hey, you know, if you really pile that veggie burger up with a whole bunch of other stuff, it's basically the same. Just an incredible level of cope.
4:34But the Wendy's hit here is it's not fair to blame all of this on Trump. Wendy's has been a struggling company for a very long time. But this is kind of the straw that broke the camel's back. It's like the patient who is unwell and and gets a cold and the cold is the thing that takes them out. This was kind of the cold that, you know, might, that took out this franchisee, but may end up taking the entire thing down. But Emily, let's, let's roll through some, some Wendy's history here, because I think it is kind of instructive about, you know, how things have unfolded in our political and corporate economy over the last couple of decades.
5:12When Wendy's came in, they did the always fresh, never frozen, you know, quality is the thing that was going to differentiate them. And it was like, Like it was compared to like McDonald's and other fast food companies. It was a it was a it was a little bit better. It then gets bought by basically private equity in the 2000s. Nelson Peltz, who's this activist private equity investor and also Bill Ackman. Bill Ackman came in and Bill Ackman had a bunch of ideas for how they were going to make Wendy's better.
5:47Emily Jashinsky:One big, beautiful Bill. One big, beautiful Bill Ackman. And then a lot went wrong. But Stavros actually had said this well recently on Pablo's show. Let's roll a little bit of E4. I think it's clear that what's f***ing us up is like private equity and money taking over these things that are all, products that are awesome, right? Sports is the easiest one. But the one I've actually latched on to recently, I think goes hand in hand with sports, is fast food. Because everybody understands that Wendy's has gotten sh**tier The spicy chicken sandwich now uses shredded lettuce. Exactly right there, that is private equity.
6:28That is someone saying, we don't want a fresh head of lettuce. That costs more money. So we're going to get you bagged shitty lettuce. And I know that in the grand scheme of things, it's not a big deal. But people will notice Jersey Mike's was bought, I think, two years ago. It started to get shit. It was one of the, it was the best sandwich chain. It's getting shit here because some dickhead who's never fucking spread mayo in his life decided, oh, no, actually, instead of a sandwich, this is now a commodity, right? And what's important is that by turning the buyer experience, the consumer experience, shittier, I, some dickhead that's never made a sandwich, gets a billion extra dollars, right?
7:07I was just looking up. So Blackstone. Blackstone. Of course, acquired a controlling majority stake in Jersey Mike's Subs in early 2025 for approximately$8 billion. Insane. Insane. Those people don't give a f*** about sandwiches. The before and after, I mean, you're right. There are only so many active fan communities. Totally. It'll be like, this is what it used to be like. This is how much salami I was getting. And now look at this s***. Emily, when was the last time you were at Jersey Mike's or Wendy's?
7:37Emily Jashinsky:Not that long ago. I like both of those restaurants. I completely agree on Jersey Mike's. I hadn't noticed Wendy's so much, But Jersey Mike's, I feel like, is the most obvious. What about you? Noticeably boring. It's just like you get it. You're like, what happened to Jersey Mike's? And low quality, too. I didn't realize they'd been bought by private equity when I went. And I'm like, this is not at all how I remembered it. What is going on here? And so it's not just private equity. It's also you hear people talk about the K-shaped economy, which kind of means things are doing well on the top and the bottom, but not in the middle.
8:14and Wendy's got hit with this because they were like, they were somewhere in the middle. They were better than McDonald's, but they weren't that good. And then along comes stuff like Shake Shack, where it's a couple bucks more than Wendy's, but it's way, way better. And so people who can afford it are going to Shake Shack. And then stuff like Chick-fil-A comes along and blows up, which is a little bit cheaper, but probably arguably better. But regardless, it's giving people options underneath there. But then within that private equity just spent 20 years doing its financial engineering. One of the craziest things they did was so the way that these companies work is they get royalties from all of the franchises.
8:56So, you know, you buy a franchise, you make a profit, you have to send it back to headquarters. What Wendy's did is they securitized those future royalties. So basically it'd be like you're due a salary over the next two years and you go to a payday lender and say, I want all of that right. I want all of that up front. So they borrowed money from these private credit folks out of the private equity world. They securitize the future flow of these royalty fees and give it all to the private equity. Like they give all they give all that away to themselves, basically. And then when royalty fees are not coming in anymore like they used to, then the stockholders are left holding the bag and then it just crashes.
9:48So kind of the people who own it and their 401ks and their pensions and such, that was one of the kind of like different financial engineering moves. I've talked about this before. One thing they do is they sell the land out from underneath.
10:01Emily Jashinsky:It's a huge thing with the franchises. It's like one of the biggest parts is just owning the land. It's an enormous part of the business is land ownership. And they'll sell what they also will sell the franchise to the franchisee. So you're not just like a franchise anymore. Now you straight up own the thing. So you're getting and so then the private equity goon is getting like a big lump sum payment right there. They're basically trying to extract as much wealth as possible from it before the party ends and they file for bankruptcy. and everybody's screwed as a result. The thing that might have actually destroyed them was, you remember in 2024, their CEO came out and said they were rolling out all this new software and they were going to start doing dynamic pricing where if it was busy, then you were going to get charged more.
10:51And people lost it over that. They're like, no, I'm going to pay what I'm going to pay. You can't change the price just based on how long the line is. And the free market folks are like, why not? Supply and demand. You don't like that? And it really does show you how anathema the kind of, quote unquote, free market is to the human spirit. Like, we don't actually like pure, unfettered supply and demand. Like, we think that that is gross. And I was telling Sagar, I'm reading this book on the history of capitalism, we have always thought that's gross. Like the people think that price gougers are gross, that they run contrary to the human spirit, which is really one of community.
11:35And so to exploit people like that, people just find it to be wrong. And so people reacted extraordinarily harshly to that.
11:46Emily Jashinsky:Globalism has totally changed the bargain that was the engine of free markets, which is that you're trading as it's gotten easier to travel. It's totally changed the bargain. You started and you still hear hardcore capitalists speaking reverently about the earliest days of the free market where people were trading goods. But what made that possible is that you had a physical in-person relationship where you were trusting and haggling over what was fair. and that bargain is almost impossible almost impossible on a global level where there's such consolidation i mean we haven't even talked about that with beef prices it's not i don't think it's private equity i think it's also that there's so much consolidation the u.s cattle herd it's a nightmare right now there are all kinds of factors that explain why this these prices keep going up it's not necessarily just a trump or a biden thing stolen would tell us it's a antitrust thing and i I think he's correct about that.
12:42Emily Jashinsky:I'm sure he would agree on the private equity level too. But that's how gummed up the works are of this quote unquote free market. And for anybody to look at this and say, well, that's just capitalism, baby. It's damaging to their own cause, but also doesn't make any sense whatsoever because this is, I mean, sure, it's unfettered. You could say it's unfettered. It's Randian capitalism, perhaps. But it's certainly not free and fair markets. Yeah. And what Wendy's couldn't and I don't think we'll be able to withstand is this beef price explosion. Because, you know, their whole thing is fresh beef, never frozen.
13:17And McDonald's recently, you know, invested in, you know, their supply chain so that their quarter pounders are not frozen. So, like, they can compete with them on that. But now with the, you know, they just don't have the cushion, I think, to withstand this blow. Or at least this 300, you know, plus franchises didn't. we'll see how the rest of them end up doing.
13:38Emily Jashinsky:That's right. I did want to talk real briefly before we move on to the next segment about this Trump administration announcement that they were kicking 750 ,000, I'm going to put people in quotes, off of the Affordable Care Act. And they're saying that they're investigating another 400 ,000 plus for potential fraud. So, So, but I did want to zag on this a little bit. I like everything the Trump administration does. It's like totally chaotic and will probably blow up in their face because it's for some reason they just don't do things effectively. But the principle of it is I actually think sound.
14:17So basically over the last several years and really fueling, firing up during COVID, it became a lot easier to sign up for the ACA, but in particular to have brokers get paid to sign people up for the ACA. And so when you introduce something like that into a system, what you're then going to get is scammers who come in and set up a health care brokerage company and then basically make up people and claim that they have signed people up for the ACA and then go to the federal government and say, look, we've we signed up 10 ,000 people to the ACA to these gold, platinum, copper plans. and so here's an invoice for our brokerage fee for setting them up and then but the people don't exist or they're stolen social security numbers the people don't know that they've ever been signed up or they're going around uh to uh people who are kind of mentally incapacitated and just having them kind of giving them a hundred dollars to like sign a piece of paper and then the person has no idea that they're even signed up, so they can't use it.
15:30So one positive development of AI is that it's much easier to put in major data sets into these systems and have them do some pattern recognition and find us hundreds of thousands of people who are enrolled in the ACA, but have never once used it. And then that - Or who didn't put a social security number in.
15:56Emily Jashinsky:That's one of the things that they caught. And this is less than a million of 20 million plus. So it's, yeah, to your point, I think that's probably what they did. It probably was AI being like, why are all these accounts without a social security number and not using the plans? And you're able to identify brokers. Yeah. And so I think like for some on the left, the initial response was to say, this is outrageous and you're kicking people off of health care. But I would just encourage people on the left to pause on that and to say, well, hold on. We do want the ACA to work. Like we want public health care to work.
16:31And for public health care to work, people have to have faith in it. And so then we have to we have to crack down on scammers. And nobody is getting health care by some mentally disabled person getting tricked into signing up for something that they don't know how to use and don't and haven't used. So I think this is actually a step in the right direction. Will they do it accurately or effectively? We'll see. I hope they do because I do want there to be faith in the government's ability to implement these programs without fraud.
17:07Emily Jashinsky:I didn't know where you were going to go with this, and that was sort of my thoughts on the whole thing. Nothing to argue about. No, nothing to argue about at all because the headlines were kind of scary. Like, oh, people are booted. Yeah, I know. I was angry, too, when I first saw the headline. Like, oh, I see what's going on here. This has actually been a problem for a while. Right. Maybe the administration wanted the headlines to be scary, but also 750 ,000, millions and millions and millions, not necessarily even the huge fraud number, still a ridiculous number. It's billions. If it's collecting fraud, but yeah.
17:40It's billions of dollars, for sure. So, all right, anyway, a little zag at the end there for you.
17:47Emily Jashinsky:Perfect. Let's go to Maine. I think something that makes me well-studded to be a nurse is my empathy. Growing up with a big family, I think I've always kind of been a caregiver. When you care give, you get to know the family and the patient and you get really close. And Rasmussen University, they did a very, very good job of giving us the resources that we need. So just being able to apply the knowledge that I've retained to my daily life has been so amazing. Learn more at rasmussen.edu.
18:45Apple Vacations, where your story starts.
19:15Regiment, which contains all five of her best-selling products, including the amazing Youth Activating Melon Serum. This next-generation serum has the power of Melonleaf Stem Cell technology. It's Melonleaf Stem Cells encapsulated for freshness and released onto the skin to support a visible reduction in the appearance of wrinkles. With thousands of glowing five-star reviews, why not give it a try? Subscribe today and you can get the amazing Meaningful Beauty System for just$49.95. That includes our introductory five-piece system, free gifts, free shipping, and a 60-day money-back guarantee. All of that available at MeaningfulBeauty.com.
19:53Emily Jashinsky:ProPublica dropped a massive investigation into Susan Collins, Senator Susan Collins, who's obviously up for re-election in Maine. The headline was, the FBI anti-corruption squad was circling Susan Collins until Trump got in the way. So the story really has two parts. Some of this is new reporting on Susan Collins' super PAC. So So that technically should be a distinction between Senator Susan Collins and the super PAC, of course, dating back to the 2020 election cycle, particularly in a defense firm that was spending money through a shell group to the Collins super PAC, expecting to get defense contracts in return.
20:34Emily Jashinsky:Now, the second part of the story, so some new reporting on that front. A lot of this was already known. The cons campaign said they returned the money. They cooperated with the FBI back when this investigation first sprang forth. But ProPublica is now reporting that Trump's FBI has squashed the investigation when it could have produced more fruit. So that's the claim of the ProPublica story. And Ryan has been digging into this. I'll be in Maine later today, actually, not related to this story, but going to be checking things out with obviously this big election cycle. And Ryan, curious for your take, as you've gone through the story basically line by line to try and understand what exactly the Trump administration might have been squashing with the investigation.
21:17Emily Jashinsky:What are you looking at here? Yeah, and we might disagree on how big of a scandal this is. So I think it'd be helpful to go through a bunch of it because people don't read anymore, including me. It's a thing that it's a lost art form. But I actually read this one and let's share some of the like, you know, key details of it. Because if you're just following this on Instagram or on Twitter, you're seeing Republicans push back and say, you're taking the word of a fraud, liar and a criminal and just running this. When there's a lot more evidence that they're going with. But let's roll through. But yeah, that is the cons campaign.
22:01Emily Jashinsky:Just download that. Yeah, that's the Collins. The Collins campaign is saying that this, you're going to meet him in just one moment, but that he has motivation basically to lie because he's trying to get a lighter sentence. He was sentenced in bribery, and so he's now trying to get a lighter sentence. And I'll say honestly, I don't doubt the back and forth between this guy and the campaign being shady and corrupt at all. I mean, there's just naked corruption on display in the story. I doubt ProPublica's, I guess, context giving. But anyway, let's get into it. So the basic thing that people need to understand is that there is a law on the books that bars defense contractors from contributing to campaigns.
22:45Emily Jashinsky:Hilarious, first of all. Right. Great work. It's an obvious reason why that should be the case. You don't want corruption to seep into the military industrial complex. That's so cute. We cannot. We cannot have that. And so it is one of the few like red lines that we have. You absolutely cannot do that. And so this guy and allegedly Scott Reed, who is a kind of legendary fundraiser and D.C. operative. He was a chamber of commerce operative for many years. He's very close to Susan Collins. He is currently, as we speak, running the super PAC that is supporting Susan Collins. So he's still not in prison, is still in the game.
23:30In order to get around this law against defense contractors giving money to campaigns, candidates or super PACs, they came up with the idea of creating a shell company. So the defense contractor would move the money to a shell company and the shell company then would make the contribution. And so let's put up this first element here. They write, they write to skirt campaign finance laws and conceal the source of funds. Navitech planned to funnel the donation through a shell company. The CEO wanted assurance that Collins would know where the money came from. As you would, you don't want to blow$150 ,000 and they don't know that you bribed them.
24:09Reed confirmed that she would, the executive said, and that Navitech would get its government contracts. After the corner bakery meeting, Navitech's CEO, Martin Cow, sent an initial$150 ,000 to the Collins Super PAC using the Shell Company. Two months later, he told Navitech executives that Collins committed to getting the company$32 million in naval contracts, according to an internal company email reviewed by ProPublica. ProPublica, they ended up that year getting at least$10 million. And ProPublica has the image of the check that they cut. Now, one delightful piece of this, Emily, is the name of the company.
Read the full transcript
24:50It's just so perfectly kind of woke one. The name of the company they came up with was
25:01Society of Young Women Scientists and Engineers. and maybe they only had one scientist but but because they didn't put the s on it i think that's one of the things that got them caught it's like a quality leering situation there was like a watchdog going through and was like what is this society of young quality leering center of
25:24Emily Jashinsky:of non-profits for engineers girl scientists and so they filed a this is back in 2020 they filed a FEC complaint. And then they were able to dig up the LLC paperwork. And also a society of young scientists giving$150 ,000 out of nowhere to a Collins super PAC. People are like, what? That's not normal behavior. So what's happening here? So they look up the paperwork and the LLC is his wife, is like registered to his wife. And so people are very quickly like, oh, this is clearly a shell company that's using this here. So let's roll the next quote up here. So after the budgets became law, Collins' office pushed the Navy to award specific contracts to Navitech, emails seen by ProPublica show, even though awards are supposed to be competitive.
26:15Quote, I spoke with Senator Collins' office regarding the$8 million a naval official wrote in an email on February 6, 2019. The interested company is Navitech. In a meeting with Collins and two campaign officials, Cal said, the officials told him the senator expected his ongoing support. Collins told him, you've seen me deliver, Cal said. Reid knew Cal was behind the$150 ,000 anonymous donation emails showed because Cal told Reid he planned to donate through a shell company. Very smart, Reid replied in an email viewed by ProPublican.
26:49Emily Jashinsky:So that's pretty bad. That's bad. And so the the more extensive back and forth shows him laying out. I just spoke to my lawyer. He said, do this shell company. LLCs are very well protected. And then, you know, Reed tells him this is very smart and blah, blah, blah. So then the question is, what did Collins know about this? Like, did he actually know anything? Did she actually know anything about this? So let's put this next element up. And so this is the Collins campaign saying, they have no idea what's going on here. But then ProPublica writes, But an email seen by ProPublica suggests that someone must have relayed the news of Cal's donation to Collins, just like Reid promised to do in Cal's recounting of the corner bakery meeting.
27:30Seven days after the super PAC cashed the check from Cal's shell company, one of Reid's subordinates emailed a Navitech lobbyist asking for Cal's phone number. Senator Collins would like to call Martin to thank him. Now, last night, the Collins campaign said that there's nothing to see here because this is actually very normal stuff. That you don't have to know why somebody gave you the donation. You see a donation, you call them, and you thank them for it. However, notice the timeline here. This is seven days after the super PAC cashed the check. super PACs don't disclose their fundraising until oftentimes months later so it raises the question how did they know that the check had been written to the super PAC if the super PAC did not tell the
28:26Emily Jashinsky:campaign yes I was gonna say I'm glad you picked up on this exact line because this was the one that jumped out to me as well not just because of the potential like transactionality of it because some of that is perfectly normal. And a lot of this piece or a lot of my sort of eye rolling with the piece is that ProPublica is describing as like shocking novel information, the most normal things ever, and they're bad, normal things to be clear, but it's like entirely normal, unfortunately. But this one is significant because it's not just the timeline, but also the fact that you have someone from Colin's staff, not from the super PAC staff, but from Colin's staff would have had to convey that information to her.
29:07Emily Jashinsky:And previously, as you're reading the entire story, it's possible to say that Reed was freelancing. So there's plausible deniability, which is exactly why super PACs kind of function the way that they do, between saying, well, Reed was dealing with Cal in the way that Reed was dealing with Cal. When you have that email you previously mentioned, Ryan, where it says, quote unquote, very smart, as Cal indicates, he's planning to give through a shell group. That, again, can stop with Reid. It can be, well, maybe Susan Collins shouldn't have somebody who's willing to engage in this kind of wink-wink behavior leading her super PAC.
29:40Emily Jashinsky:But when you actually see this happening, that does implicate the Collins operation, I think, overall, because now you have super PAC coordination on the table. Yes, indeed. Now, less people think, I'm just being a partisan hack here, let's drag the good Brian Schatz, who's also an Appropriations Committee member, a Democrat who is being pushed. He's sort of like understood to be one of kind of Schumer's choices to replace him. If Schumer departs the Senate world, put up the next element here. In another message, Andy Weiner, who former executives said was Navitech's chief strategist, reminded Cal to budget money for political contributions based on how much the company wanted in congressional funding the following year.
30:24That would be criminal in the defense world. Weiner was his guide to the political underbelly, Cal said. A consummate insider, Weiner had parlayed six years as chief of staff to Democratic Senator Brian Schatz of Hawaii into a lucrative lobbying career with a firm called Strategies 360. One of Weiner's former colleagues compared him to the slick lobbyist on the Netflix show House of Cards who toggles between the political and corporate worlds. And again, to point out how bipartisan this is, the entire reason this company exists is former Senator Daniel Inouye, legendary. They called him what the Prince of Pork or the King of Pork.
31:05He passed away in the 2010s and left a lot of defense companies in Hawaii hanging because they were all getting their taxpayer money through Inouye. and this company was among them. And so they had to then, they changed her name and redeveloped relationships. And that's why they became so tight with Susan Collins. So let's roll this next one here. So less than one month after the event, the Senate released a draft of the defense budget containing$21.5 million of Navitex pet projects in Maine. Cow emailed a Collins campaign fundraiser who would in theory have nothing to do with a government contract, four days later saying, thanks again for all the support from Senator Collins.
31:52I've been involved in many tight races in the past and understand that last minute needs come up, he continued. We are here to help any way we can, financially or whatever. Cowell's desire to donate even more money led to the fateful corner bakery meeting with the head of the Collins Super PAC, called the 1820 PAC, Cowell told the FBI. Unlike Colin's campaign, which could accept only$5 ,600 per election from individuals, the Super PAC could accept unlimited contributions. The Super PAC emailed Cal a memo before the meeting stressing the need to raise money with, quote, urgency. At the meeting, Cal and Reid, the Super PAC's chair, hammered out a deal for a six-figure donation, Cal told the FBI.
32:30Over email, Cal informed Reid of his Shell Company scheme, saying he had cleared it with his lawyer. They are super vague and very difficult to get any background info on, Cal reassured him talking about LLCs. Thanks for doing this, Reid replied. So notice the timeline here. Collins gets this company a contract after they give some money. He reaches out to the Collins campaign. The Collins campaign, we're not talking about the super PAC here, reaches out to the Collins campaign and says, thank you for getting me this government money. Let me know if you need more money. Then Scott Reed reaches out to him saying, we do need a lot more money and asks for this extraordinary amount of money.
33:12That again suggests that the campaign and Scott Reed are working directly together on that. Right.
33:19Emily Jashinsky:And what was kind of frustrating to me about this story is that ProPublica, I don't know if you picked up on this. I thought it was weird that ProPublica's reporting nowhere really made the connection with the super PAC and the campaign coordination. It was mostly focused on the transactionality, potentially the transactionality of Cal and Reed, which, again, it's an unfortunate reality. Reed sounded like he was being fairly careful in how he was couching Cal to talk and what to put in print and otherwise, according to the emails, that what it looks like is somebody who was let go by the DOJ because Trump was getting rid of people who went after 2020 election stuff, then leaked to ProPublica.
33:58Emily Jashinsky:I think that's pretty clearly the sourcing chain here because they have all of the documents that apparently the DOJ had and the FBI had. And so those documents show pretty normal soft corruption, which is coaching you on what to say, what not to say, knowing full well that there's a transactionality happening and you just don't want it in print precisely for these reasons. So I was sort of frustrated that ProPublica, again, wasn't, you know, normally if you're reporting on this, you would say, well, the law about coordination between super PACs in the campaign, like there's literally none of that in the ProPublica story.
34:31Emily Jashinsky:It's as though they thought the real story was just that the FBI squashed this investigation into transactionality rather than the FBI squashing an investigation into potential super PAC coordination. And I honestly found that weird. Well, to me, not so much. maybe they could have included a little bit more about it, but to me the coordination between super PACs and campaigns is an inside baseball kind of ticky-tack paperwork violation. But it seems to me like there's much more evidence of that here than there is of violating the sort of corruption transactionality thing. And to your point, I think if they more tightly linked the campaign to the super PAC, then you can more tightly show the relationship between Collins and the bribe.
35:18On the other hand, everything I'm telling you here is from the article. So it was all in there. So I want to give them that credit. This is the last one that we'll read for now. A few weeks after the$150 ,000 check to the Collins Super PAC cleared in February 2020, Cal and his team met with Collins' office and secured a new round of funding. we were very warmly received Cal reported to his colleagues in an email obtained by the FBI so this is not taking his word for stuff these are emails from the time excellent meeting, total of $32 million will be supported records show the Senate allocated at least $10 million that year based on Navitex proposals.
36:01Now what Cal also says, and you can back this up too, is that it was junk. What they were selling was junk
36:09Emily Jashinsky:They're selling nothing. They're selling research. And 3D printed boats that the Navy didn't want. Just total garbage. And the scam is even worse. What he would do is he would find, his idea was let's find a university that we can then funnel the money through. So the University of Maine, which did not respond to requests for comment from ProPublica, is part of this scheme where he tells Collins, basically, we're going to do the research through the University of Maine. So he's going to then give University of Maine a little cut and then they're going to take the rest of it. And then it operates underneath the rubric of the University of Maine, which is offensive across the board.
36:52And we end up as a public with nothing, like nothing that they made. Take his word for it or not. Nothing that they made for many, many, many million dollars over the years is used by the military at all. It's just money that was burned up. He was driving a Ferrari to work every day and living this lavish life,$5 million home in Hawaii. Like, that's what the taxpayers got out of it, is this guy getting fantastically rich. But we didn't even get anything out of it. Meanwhile, service members, you know, are, you know, lacking, you know, decent food, like supplies, like they're they're like undies are catching fire on the aircraft carrier.
37:33You know, they're they're the ones who are like putting themselves out there are getting stiffed while people like this are getting enormously rich. Enabled directly by Susan Collins in a flagrantly and directly illegal way. Like there aren't many laws left on corruption, but you can't take money from a defense contractor for contracts is like the last law that's left on the books. And she had to go out there and break it.
38:04Emily Jashinsky:I mean, my strong assumption is that this is happening every day with everyone. It doesn't make it any better, but I just get frustrated with ProPublica, which I think traffics really heavily in innuendo. and there's a bigger picture story than the Susan Collins. Although there's more coming. And yeah, so they identified a whole bunch of people and apparently there are more stories coming. Well, next one, Lindsey Graham, apparently. There has to be because there's, again, this is, it's all bad. Like, don't get me wrong. I just got frustrated with the story, but it's all bad. And there's this part where they say, this one drove me crazy.
38:41Emily Jashinsky:In one back and forth, a lobbyist and a company executive described another senator as, quote unquote, fundamentally transactional and having a reputation as a pay to play office. Please name for me the lobbyist and the senator rather than just putting that in the story. Maybe it's because this is going to be serious and there's more to come. But there were a couple of notes like that. It's like driving me insane. Tell me who it is. You have the records. I want to know who it is. If that's the case, tell me. If lobbyists are walking around saying that, which they are all of the time, and you have it in your possession, I want to know.
39:10Emily Jashinsky:Ask them for comment, of course, but tell me who it is. I think something that makes me well-studded to be a nurse is my empathy. Growing up with a big family, I think I've always kind of been a caregiver. When you care give, you get to know the family and the patient and you get really close. And Rasmussen University, they did a very, very good job of giving us the resources that we need. So just being able to apply the knowledge that I've retained to my daily life has been so amazing. Learn more at rasmussen.edu.
40:09Apple Vacations, where your story starts.
40:39regimen, which contains all five of her best-selling products, including the amazing Youth Activating Melon Serum. This next-generation serum has the power of Melonleaf stem cell technology. It's Melonleaf stem cells encapsulated for freshness and released onto the skin to support a visible reduction in the appearance of wrinkles. With thousands of glowing five-star reviews, why not give it a try? Subscribe today and you can get the amazing Meaningful Beauty System for just$49.95. That includes our introductory five-piece system, free gifts, free shipping, and a 60-day money-back guarantee. All of that available at MeaningfulBeauty.com.
41:16So we can put this New York Magazine element up on the screen. It's kind of a 7 ,000-word investigation into the Troy Jackson campaign, and particularly the way that Washington consultants, after kind of Graham Plattner volunteers, pushed him through the kind of rapid-fire nomination contest that came right after Plattner withdrew from the race, they were all pushed aside. And in came pollsters and campaign managers and consultants from the Dan Goldman campaign, from the Colin Allred campaign, from the Mallory McMorrow campaign, effectively also from kind of Schumer world in Washington, D.C. And it gets into some detail about the ways that they're telling him to stop being an interesting candidate.
42:10He's a genuinely working class candidate from far northern Maine, would be the only senator with just an associate's degree, the logger his entire life, very clearly a regular person. They told him, basically, stop taking questions from people, like you're killing us. Stop telling people what you honestly think. they have given him new talking points around Medicare for All he can't back off of Medicare for All but if you hear him talk about it now it's it sounds much more like a public option and he wants to very you know be very you know be very assuring to to people that don't worry he's not actually going to do anything too radical the the biggest kind of push from them seems to be over his calling what's going on in Gaza from Israel a genocide.
43:03And they tell him, you can't walk back to your previous position. Like, you said it, and you can't unsay it, but we want you to kind of basically stop saying it again. I spoke to some people familiar with the campaign and I'll obtain some of the same documents that Rebecca Tracer did and confirm and kind of advance some of the reporting. If we could put up F5, no, F6 here, put F6 up on the screen. So I obtained this campaign document and the document tells Troy Jackson to say, quote, I think this is when asked about Israel and Palestine and the genocide, quote, this is what he's supposed to say.
43:51I think what's happening in Israel and Palestine is horrific, senseless violence. I think Israel has the right to defend itself, but I do not support the United States sending offensive weapons that enable more killing. It also goes on to say that he should call for, quote, the release of the hostages. And so a couple of things on that. This banning offensive weapons, this is over. Like, this is a position that is way more to the right. I don't want to say to the right because there are people on the right that are against this also. It's just behind the times. Like, Jay Street, others, like, they're all abandoning this distinction between offensive.
44:32Rahm Emanuel has done with it. Like, Netanyahu has said he doesn't want Americans support anymore, except of course he does. But they're bringing in this anachronistic offensive weapons thing for him to try to say that he's opposed to. The release of the hostages is utterly bizarre, right? There are no hostages, unless you're talking about the thousands of Palestinian detainees who are in without charge, which I'm sure he's not talking about. In all of his talking points that we've obtained, he's instructed to call for the release of the hostages.
45:04Emily Jashinsky:Are they copy and pasting from 2024, actually? I don't, like, what are you doing? I don't know. Like, what on earth are you doing? Like, this is, like, he won in, like, what, July of this year? There are no hostages. Like, what is going on? And so then, if he is asked about the previous position on the genocide, document instructs him to say, quote, start with, I've said what I've said. It was perfect circular Washington talking point. Start with, I've said what I've said. Do not sound like you're walking back the previous position and do not invite an argument over semantics. and so do not sound like you're walking it back but walk it back but walk about it's so it's so bad now what what we've been told is that and we've obtained a bunch of different invites and and calendar records that show that he has over the last several weeks been doing a huge number of high dollar fundraisers with a lot of corporate ceos very wealthy people and also people with strong pro-Israel bona fides.
46:10One of them being Susie Levine, who was a former ambassador to Switzerland, who in the spring of 2024 was one of the signatories of a letter to President Biden saying effectively, keep doing what you're doing. Thank you for standing up for us. She's in the liberal Zionist camp, you know, two-state solution. Let's hope that we can get and aid to Palestinians in Gaza. But fundamentally, the thrust of the letter was, thank you for standing strong in support of Israel. This is while Israel was killing tens of thousands of Palestinians. And Biden was overseeing this absolutely horrific policy. And so he's meeting privately with people like her, who are then conveying their sense of the situation.
47:05And because he's working class from Northern Maine, you can imagine this is not an issue that he has spent his life, it'd be weird if it was an issue that he'd spent his life kind of steeped in. And so what he's hearing from people is this word, genocide is deeply offensive to us. So please stop saying it. And so some of this is very clever on the part of his campaign operatives to kind of surround that they'll give him the talking points, but then they'll also surround him with people who are going to very earnestly and emotionally tell him how impactful it is to them to hear words like genocide.
47:47side and without being, without being, without having a grounding in the issue to begin with. And then also by cutting him off from the grassroots supporters around Maine who propelled Graham Plattner to the nomination, he then doesn't hear the other side of, of this. And so he doesn't even get a both sides. He just gets the one side. And that's, and, uh, Tracer talks in her article about being in a, a room where he's giving his, his speech. And then someone asks him about his, Israel-Palestine and he does this Israel has the right to defend itself and like does this like mealy-mouthed incoherent both sides ism and she said you could just feel all the energy in the room just evaporate and he said somebody gave him like a visible thumbs down and it was a metaphor for the kind of sucking out of the energy of the entire campaign well first of all midterm elections
48:44Emily Jashinsky:are about turnout. And what you are going to succeed with in a state like Maine is if you turn out just about every single member of the grassroots that would be excited about a position someone like Graham Plattner would take on this particular foreign policy issue. And so you're already sucking the energy and the enthusiasm out that you need to support the enthusiasm gap. And on the other hand, independent voters are going to, they don't agree actually with the kind of liberal Democrat position on this anymore. That's pretty clear at this point. If you look across polling, people are closer to the original Troy Jackson position on this than they are otherwise.
49:26Emily Jashinsky:And so even if you take the kind of enthusiasm question away and you talk just about swing voters, they want to believe that you believe what you're saying. And they're more likely to agree at this point with the Troy Jackson anyway. So the math doesn't make sense. The politics of it don't make sense. It's so backwards. Yeah. Now, maybe the Collins campaign and it's this corruption story coming out of the ProPublica and the environment that we're in, the trade war with Canada, which is really hurting Maine. Fuel oil is absolutely crushing families in Maine right now because fuel oil is basically diesel.
50:04And so people are paying people are paying extraordinary amounts for it. there's reporting that I've done that shows that people who are trying to lock in their fuel oil for the winter are being told by the companies it's just not possible this year. You can't lock in a price. They're going to get absolutely murdered. New England, for people who don't know it in the winter, basically relies almost exclusively on home heating oil for heat for heating for these very long and cold winters that they're going to get. So maybe the combination of all the all the misery plus it's like okay well i've got a wood stove i don't need the heating oil oh yeah well guess guess what would guess what would cost now yeah trump's in a trade war with canada and he's uh driven up a court of wood is is also going to set you back uh insanely uh
50:51Emily Jashinsky:so your own wood yeah um the other thing i was gonna say is trying to do both at the same time look talarico on some of the like quote unquote woke one stuff who's winning by the way in texas has flat out said, I was wrong. He said, I spoke, I got that wrong. What you can't do is straddle both lines. You either have to stand by yourself completely and say, and this is just on a political level. We're not even talking about morally. Obviously, morally, it's correct to own what you believe. But even politically, it's not helpful to play both camps. You either have to say, I was wrong or hell no, I was right.
51:28Emily Jashinsky:I'm standing firm on this, despite what Washington wants me to say. But to try to do the both ways thing is a disaster. It's like the worst thing you can do because it makes you look like you don't believe in anything. Yep. Yes, indeed. All right, well, that'll do it for us. When are you back in D.C., Emily? I'll be back Thursday, so it's a quick one, but I'm eager to check out the vibes in Maine. Excellent. Good election cycle. I'm speaking up at Colby, so if folks are around, I'll be there this evening. Very exciting. Yeah, check in on our Maine reporter, Nathan. He's up there. Amazing, what a life He and I should have a piece, I hope, out soon More on this Troy Jackson campaign I'll be on tomorrow, I believe, with Crystal Is that the, something like that But, you know, have a great time in Maine And I will see everybody tomorrow
52:57We'll see you next time. work mode. Available on Plus and Pro Plans. There are exciting things happening at your local CVS. Shop new Extra Big Deals with Extra Care every two weeks. No coupon needed. Plus, get access to exclusive sale prices, personalized deals, and more as a member. Extra Care is the way to save at CVS. Join for free, online, or in-store and start saving. Visit your local CVS store or Visit cbs.com slash extra big deals for this week's deals. This is Tony A.O. from The Real Report with Tony A.O. and Uncle Murda. You ever notice how everything keeps going up? Rent, streaming, even extra salsa at your favorite burrito spot?
53:38But with Boost Mobile, you don't have to play the Will It's Go Up Soon game. Boost Mobile offers an unlimited talk, text, and data plan at a price that'll never go up. It's the same price you'll pay for life. Switch now for unlimited wireless at a price that'll never go up, only at Boost Mobile. After 30 gigabytes, customers may experience slower speeds. Customers will pay$25 a month as long as they remain active on the Boost Unlimited plan. This is an iHeart Podcast. Guaranteed human.
From the publisher
Ryan and Emily discuss Trump AG Sec says eat eggs as beef prices skyrocket, Susan Collins massive corruption scandal, DC Dems hijack Troy Jackson campaign.
Alvaro Bedoya: https://x.com/BedoyaUSA
To become a Breaking Points Premium Member and watch/listen to the show AD FREE, uncut and 1 hour early visit: www.breakingpoints.com
Merch Store: https://shop.breakingpoints.com/
See omnystudio.com/listener for privacy information.
