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3 Martini Lunch

Can't Do Business in California, Trump's TikTok Defiance, Obama & Biden Tried Debanking Opponents

3 Martini Lunch

Radio America

Politics, Government, Society & Culture, Daily News, News Commentary, News

4.61.4K Ratings

🗓️ 21 August 2025

⏱️ 24 minutes

🧾️ Download transcript

Summary

Join Jim and Greg as they serve up three martinis while repairs loudly continue on Jim's house. Today, they highlight Bed Bath & Beyond CEO Marcus Lemonis announcing why the company will not open any physical locations in California. They also react to the Trump White House starting its own TikTok account and banking executives revealing that the Obama and Biden administrations pressured them to "debank" businesses, groups, and individuals the administrations didn't like.

First, they focus on Lemonis stating very clearly that his company will not open stores in California because the taxes and regulations there are too burdensome and make it far too difficult to make a profit, keep employment stable, and keep prices reasonable. This is another black eye for the disastrous tenure of Gov. Gavin Newsom, who clearly cares far more about his own ambitions than the people he was elected to serve.

Next, they groan as the White House creates its own TikTok account. The move is unwise since the app is Chinese spyware. It's also a clear sign that Trump has no intention of enforcing the TikTok ban that became law last year and was upheld unanimously at the U.S. Supreme Court.

Finally, they dig into allegations from multiple banking executives that the Obama and Biden administrations aggressively pressured banks to "debank" or deny financial services to businesses like gun manufacturers and other organizations and individuals they didn't like. Jim explains how banks should have the right to refuse business from certain people or businesses but it's chilling for the government to try to force such actions.

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Transcript

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0:00.0

Liberty Nation with Mark Angelides.

0:04.0

From shifting embarrassment to potential presidential contenders, this week's special edition of Liberty Nation Radio has it all. Make sure to tune in.

0:15.7

Author, columnist, managing editor of Liberty Nation.com. Podcast host a conservative policy advocate.

0:22.9

We dismiss history at a peril.

0:24.7

Liberty Nation with Mark Angelides.

0:31.2

Welcome to the three martini lunch.

0:35.7

Grab a stool next to Greg Corumbus of Radio America and Jim Garrity of National Review.

0:41.3

Three Martini's coming up.

0:43.7

Very glad you're with us for the Thursday edition of the Three Martini Lunch.

0:48.1

So much to talk to you about today.

0:50.4

We'll be talking about a major corporate decision that's getting a lot of talk.

0:54.5

And no, it has nothing to do with Cracker Barrel.

0:56.4

Although if you do want to learn about Cracker Barrel, read the morning Jill today because

1:00.2

Jim Garrity's written all about that.

1:02.4

Also, the White House and its strange relationship with TikTok.

1:06.5

We're going to be getting into that today.

1:08.5

And then also, a Trump executive order that didn't get a ton of

1:11.6

attention earlier this month, but what we're learning in the wake of that executive order as it

1:16.8

relates to your finances potentially is definitely raising some eyebrows. We should also point out that

1:22.4

work is continuing on Jim's house. You might hear a drill or a saw or a hammer at various times today.

1:29.3

So, Jim, I'm sure you're counting the hours and days and hopefully not weeks till this is over.

1:34.0

Greg, oh, you'd hear that rumbling and thump. Somebody dropped something. Perfect timing.

...

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