right where you left off you kill the tonight hannity. see you tomorrow i m laura ingraham this is the ingraham angle from washington tonight working to get the latest desperate move in moments, but first the great unraveling that s the focus of tonight s angle. laura: very frustrated by this disastrous poll numbers, president joe biden joked about not leaving her up today. president biden: there is an old expression claymont, delaware, a small steel town this it will explore relatives we stay longer than we should. so be careful we may not go back. laura: i couldn t brandt blame him hiding out in europe will be a lot more preferable to coming back home. and facing the wrath of america. at what you are witnessing is a great unraveling of the democrats. 85% of america now believes of the country is moving in the wrong direction including a whopping 78% of democrats. so it s making people s a pessimistic? some new data point to the economy not cultural issues come i
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system worked great. people generally watch tv on cable tv hundred million households subscribe to cable. very profitable model. we do companies are very happy. box office, movies, that s how the movie business gets meat. the financial crisis gets. we go into a low interest rate environment. investors start looking for growth stocks. when interest rates are low, that s where the investor markets. go netflix starts to get all of the subscribers. and suddenly golden age of streaming. starts golden eagle streaming starts. investors love it, with this low interest rate environment. so they start pouring interlaid netflix. and then the meeting says wait a minute, netflix is not only the revaluation high, they re getting money in their coffers and their outspending us on content, or spending requisite to us. we need to transition our build businesses to be more light networks. that happens 2019, 2020. for a little while it seems to work. but then what happens? well, interest rates star
the subscribers. and suddenly golden age of streaming. starts. golden eagle streaming starts. investors love it, with this low interest rate environment. so they start pouring interlaid netflix. and then the meeting says wait a minute, netflix is not only the revaluation high, they re getting money in their coffers and their outspending us on content, or spending requisite to us. we need to transition our build businesses to be more light networks. that happens 2019, 2020. for a little while it seems to work. but then what happens? well, interest rates start to creep up and the growth at netflix last year stops. and so netflix plummets, and with netflix plummeting in valuation, on the legacy media companies plummet as well. the problem is, we are ten years behind netflix on streaming, so netflix now finally as a business that