The Winners and Losers of This Shutdown Fight (with Kirk Bado)

We’ve got ourselves a good old-fashioned legislative brawl over hemp. The Senate just shut down Rand Paul’s amendment that tried to strip out restrictions on intoxicating hemp products from the new government funding deal. This is the kind of hemp that doesn’t quite fall under marijuana, the THCA and Delta-9 stuff that’s skirted federal legality thanks to a 2018 farm bill maneuver. Paul, joined by Ted Cruz and a solid group of Democrats, argued this would gut the hemp industry in Kentucky and beyond. Mitch McConnell, of all people, led the charge in cracking down — he wants to shut down what he sees as a loophole before he exits stage right in 2026. Politics Politics Politics is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. The hemp industry is pissed. They lobbied hard, warning this will lead to job losses, ruined crops, and wiped-out businesses. But some law enforcement groups, anti-drug organizations, and even alcohol and legal marijuana folks were all in favor. They argue the current situation puts minors at risk and needs to be cleaned up. Rand Paul says his fight wasn’t about holding up the government funding, but rather making sure someone in the Senate stood up for hemp farmers. Still, the amendment failed, and the broader bill — restrictions included — is going to move forward. And unless something magical happens in the House, it looks like the loophole days are done. Personally, I’m pretty skeptical of the idea that we’re one bad gummy away from chaos in the streets. I’ve never bought the whole “kids are going to die if we don’t regulate this tomorrow” pitch. That’s not to say we shouldn’t have age restrictions and public usage laws — we definitely should — but we need to be real about this. America needs a consistent weed policy. We’re in this weird limbo where it’s both legal and illegal, regulated and unregulated, and the result is that nobody really knows what’s what. The 50-Year Mortgage Plan Donald Trump floated the idea of a 50-year mortgage on Truth Social, and it immediately got dragged on cable news. Fox Business host Charlie Payne slammed the plan as a bad way to fix housing affordability. The math doesn’t lie: you might pay less per month, but in the long run, you’d nearly double the total cost of the house. That didn’t stop Bill Pulte, head of the Federal Housing Finance Agency, from calling it a game-changer. But Pulte’s now facing heat because this idea just doesn’t have a lot of fans. The appeal is pretty simple. You give younger buyers a way into the housing market with a lower monthly payment. Maybe that helps them get in the game earlier, buy a house in their twenties, start building equity. But let’s be honest — the problem isn’t just the monthly payment. It’s the cost of everything. I didn’t buy a house in my twenties because I wasn’t ready, and I wanted to live a little. That’s not a mortgage issue. That’s a culture issue. And when I finally did buy, I didn’t care how long the mortgage was. I cared about location, timing, and whether I actually wanted to settle down. A 50-year mortgage might help on the margins, but it’s not the silver bullet for housing affordability. Maybe it gets a few people in the door earlier. Maybe not. But it’s certainly not going to fix the system. Schumer on the Hot Seat Chuck Schumer is taking incoming fire from all directions. After eight Senate Democrats voted with Republicans to end the shutdown, a lot of progressives decided enough was enough. Groups like MoveOn and Indivisible are now calling for Schumer to resign. Even some moderates are joining the chorus. They say he’s out of touch, ineffective, and unable to confront Trump in any meaningful way. MoveOn claims 80% of their members want Schumer out. Representatives like Rashida Tlaib, Ro Khanna, and Seth Moulton have all voiced their displeasure. But over in the House, Minority Leader Hakeem Jeffries is standing by Schumer. He gave a full-throated endorsement, saying Schumer is the right man for the job and that his fight during the shutdown was valiant. So at least publicly, Schumer isn’t going anywhere. But this does shine a spotlight on the growing rift within the Democratic Party. The progressives want more aggression, more resistance, and less compromise. Schumer’s old-school Senate style — the backroom deals, the procedural wrangling — doesn’t cut it for them anymore. Whether or not this turns into an actual leadership challenge is still up in the air. But the frustration is loud and growing, and Chuck is smack in the middle of it. Chapters 00:00:00 - Intro 00:02:39 - Latest on Shutdown 00:04:21 - Interview with Kirk Bado 00:29:16 - Update 00:29:52 - Hemp Products 00:33:57 - 50-Year Mortgages 00:37:58 - Calls for Schumer to Resign 00:41:41 - Interview with Kirk Bado (con’t) 01:08:10 - Wrap-up This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.politicspoliticspolitics.com/subscribe