WEBVTT - George Conway & Simon Rabinovitch

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<v Speaker 1>Hi, I'm Molly John Fast and this is Fast Politics,

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<v Speaker 1>where we discussed the top political headlines with some of

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<v Speaker 1>today's best minds, and Wisconsin College Republican chairman Nicholas Jacobs

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<v Speaker 1>received one of Elon Musk's one million dollar checks. We

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<v Speaker 1>have such a great show for you today, the Atlantics,

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<v Speaker 1>George Conway, stop spies. You talk about Trump's lawlessness and

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<v Speaker 1>how to shore up institutions to protect against it. Then

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<v Speaker 1>we'll talk to the economists Simon Ravenovich about how Trump's

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<v Speaker 1>tariffs will actually be bad for the global economy. But

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<v Speaker 1>first the news.

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<v Speaker 2>So, Molli, one of the things with moving fast and

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<v Speaker 2>break things in government and do process is that you

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<v Speaker 2>need to actually go through a process and not just

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<v Speaker 2>sending fathers to El Salvadorian megaprisons.

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<v Speaker 1>Yeah, and here's the headline. It's such a Trump one

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<v Speaker 1>point oh headline, but it's happening. I guess Trump one

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<v Speaker 1>point zero they didn't stop doing due process. So in

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<v Speaker 1>that way, Trump two point zero is an accelerationist version

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<v Speaker 1>of Trump one point zero. But Trump administration accidentally sent

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<v Speaker 1>Maryland father to Salvadorian megaprison and says it can't get

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<v Speaker 1>him back. Whoops. It's a whoops. If you don't care

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<v Speaker 1>about people's lives, it's a complete civil rights nightmare if

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<v Speaker 1>you do. The government argues it no longer has control

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<v Speaker 1>over this Maryland dad's fate. He is now in a

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<v Speaker 1>Salvadorian prison. This is the same Salvadorian prison that you'll

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<v Speaker 1>remember Christie Nome, famous dog killer. Christie Nome wore a

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<v Speaker 1>humongous fifty thousand dollars roulics when giving a talk about

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<v Speaker 1>how she was sending all of these people to this

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<v Speaker 1>scary prison. The man had protected immigration status in the US,

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<v Speaker 1>specifically barring him from being sent back to the country

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<v Speaker 1>for fear of persecution. On Monday, and a filing in

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<v Speaker 1>a land court. Immigrations and Customs Enforcement ICE admitted to

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<v Speaker 1>mistakenly sending this man to El Salvador's notoriously brutal Seacot prison.

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<v Speaker 1>This is pretty dark. It's also worth realizing that jd

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<v Speaker 1>Vance Vice President Jade Vance actually lied about it on Twitter.

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<v Speaker 2>He said, why is not the turble lot of I

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<v Speaker 2>think might be even more I could attempted to dunk

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<v Speaker 2>and got blocked right.

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<v Speaker 1>Vice President jd Vance responded to comments asking him about

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<v Speaker 1>the Trump administration's admission that they had sent this Salvadorian

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<v Speaker 1>man with protected legal status to a mega prison. And

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<v Speaker 1>then he said, in typical jd Vance fashion, it's gross

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<v Speaker 1>to get fired up about gang members getting deported while

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<v Speaker 1>ignoring the citizens they victimized. That's what jd Vance wrote

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<v Speaker 1>on Twitter. He got into a fight with Jon Favreau.

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<v Speaker 1>Vance wrote on X and jd Vance you know I

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<v Speaker 1>mean this lying or so elz.

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<v Speaker 2>And he had to edit the tweets after Jon Favreau

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<v Speaker 2>dunked on him.

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<v Speaker 1>It's a heartwarming story.

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<v Speaker 2>So Elon held that little rally we mentioned in the

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<v Speaker 2>intro where he gave away some checks and he used

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<v Speaker 2>about that he has no clue why people hate his guts.

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<v Speaker 1>Yeah, it is pretty incredible that. Again, look Elon said,

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<v Speaker 1>and this is like the same thing that Trump used

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<v Speaker 1>to say too when he pretended that he worked. So

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<v Speaker 1>Elon said, it's costing me more. This is exactly what

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<v Speaker 1>Trump used to say. In fact, it's costing me a

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<v Speaker 1>lot to be in this job. You had Tim Walls

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<v Speaker 1>dancing on stage showing a short on chessless stock dropping.

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<v Speaker 1>It's an awful thing for him to do. Again, this

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<v Speaker 1>is like this thing where conservatives can be offensive, but

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<v Speaker 1>then they get very offended. You know, they can dish

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<v Speaker 1>it out, but they cannot take it.

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<v Speaker 2>The thing I heard somebody say, is that what we

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<v Speaker 2>misread in not the fuck your feelings thing? Is they

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<v Speaker 2>meant your feelings by Yes, he says.

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<v Speaker 1>Not only is it I'm not getting paid. I'm definitely

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<v Speaker 1>not stealing money. It would never get away with it. Okay, Well,

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<v Speaker 1>as long as you tell us you're not stealing money.

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<v Speaker 1>The value of my textless stock is half. So this

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<v Speaker 1>is a very expensive job. Okay, quit, I think we've

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<v Speaker 1>solved it.

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<v Speaker 2>No one will cry if you go.

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<v Speaker 1>Yeah. So we would like to offer Elon Musk a

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<v Speaker 1>chance to make more money and quit destroying the federal government.

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<v Speaker 1>That's our foray into telling people what to do. Elon,

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<v Speaker 1>perhaps you would like to do that.

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<v Speaker 2>Well, Unfortunately, it's not just Elon trying to overhaul the government.

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<v Speaker 2>It's also Trump with executive orders, and one of them

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<v Speaker 2>is going to be overhauling the Smithsonian Institute.

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<v Speaker 1>Yes, you'll be shocked to now that this is the

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<v Speaker 1>authoritarian playbook. Right, you start to remake institutions to better

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<v Speaker 1>reflect your quote unquote beliefs. So Trump he wants to

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<v Speaker 1>restore American history through Smithsonian overall. If you don't know

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<v Speaker 1>what this is, you don't sort of understand what trump ism.

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<v Speaker 1>Here is the order calls for vance along with Vince Haley.

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<v Speaker 1>He wants them to remove exhibits that degrade shared American values,

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<v Speaker 1>divide Americans based on race, or promote programs or ideology

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<v Speaker 1>is inconsistent with federal law and policy. You'll remember Trump

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<v Speaker 1>is deeply anti anti racism, which if you're anti anti racism,

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<v Speaker 1>perhaps it's worth wondering what you are for. And again,

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<v Speaker 1>this is just he wants to disassemble museums, libraries. He

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<v Speaker 1>is at war with the culture because they believe in

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<v Speaker 1>this idea that politics is downstream from culture. Right, This

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<v Speaker 1>is the Andrew Breidbart thesis that if you can control

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<v Speaker 1>the culture, you can control the politics. If you can

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<v Speaker 1>say what is cool, you can influence how people vote,

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<v Speaker 1>you can influence what they believe. You can do all

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<v Speaker 1>the things that Trump is longs to do. And remember

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<v Speaker 1>Trump is first and foremost obsessed with famous people and television,

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<v Speaker 1>et cetera. You know you can see how this works.

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<v Speaker 2>Yes, so one piece of good news is we are

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<v Speaker 2>seeing the Dems fighting back in legal ways in a

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<v Speaker 2>big way. The Democrats have sued to block trump spid

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<v Speaker 2>to control elections.

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<v Speaker 1>Yeah, so this is a really scary bill that Trump

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<v Speaker 1>has which is really really, really important and I think

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<v Speaker 1>is worth thinking about. This bill. You know, it's called

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<v Speaker 1>the Save Act. It wants to sort of get in there,

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<v Speaker 1>and Democrats are threatening to sue on this executive order.

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<v Speaker 1>But this executive order, I want to sort of be

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<v Speaker 1>clear on this is a part of is sort of

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<v Speaker 1>the opening Foray into him wanting to pass the Save Act.

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<v Speaker 1>The Save Act will make it so that you can't

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<v Speaker 1>vote without like a driver's license, and this has always

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<v Speaker 1>been what Republicans want to do. There's a lot of

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<v Speaker 1>other really scary stuff in the Save Act and I

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<v Speaker 1>think it will be a major backslide if it passes.

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<v Speaker 1>But the point here, and what every sort of anti

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<v Speaker 1>authoritarianism expert says to do is to push back on everything,

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<v Speaker 1>and so this is really important. So the Democratic Party

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<v Speaker 1>is suing President Trump over sweeping executive orders last week

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<v Speaker 1>to wrestle control of elections from the states. This is

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<v Speaker 1>very important. We do not want this federal government which

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<v Speaker 1>is really now filled with Trump lackeys and cronies to

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<v Speaker 1>control elections for many obvious reasons, but the largest of

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<v Speaker 1>which is they may not be free and fair. And

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<v Speaker 1>so this is really important and exactly what should be happening.

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<v Speaker 1>And I'm glad Democrats are doing this, and they need

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<v Speaker 1>to do this with everything. George Conway is a contributor

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<v Speaker 1>to The Atlantic. Welcome back, Too Fast Politics, George Conway, NY.

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<v Speaker 1>So let's talk about what's going on right now with

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<v Speaker 1>Donald Trump and the rule of law. So one of

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<v Speaker 1>the things that Donald Trump has done really effectively considering

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<v Speaker 1>how incompetent he is, is his attack on the institutions.

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<v Speaker 3>I'm going to take the issue with that. I mean,

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<v Speaker 3>everybody's saying, oh wow, so competent. He's so competent, but now.

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<v Speaker 1>He's not so competent. But the law firms. Talk to

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<v Speaker 1>me about the.

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<v Speaker 3>Law firms, Well, no, I mean, look, it's easy to

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<v Speaker 3>destroy than it is to build, and that's the bottom line.

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<v Speaker 3>And it's easy to intimidate when you have cowards and

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<v Speaker 3>when you're the president. And he has absolutely no shame.

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<v Speaker 3>He's behaving like a mob boss. And we've seen already

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<v Speaker 3>his ability to extort things from people, extorted money from ABC,

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<v Speaker 3>he almost did from CBS. Did they ultimately settle I

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<v Speaker 3>don't know, but he you know, he's he got something

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<v Speaker 3>from Jeff Bezos that twenty million dollars for Milania. People

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<v Speaker 3>want to pay him off because they want, you know,

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<v Speaker 3>they want protection money from him taking action against them,

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<v Speaker 3>even if it's illegal, because even if it's illegal, it's

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<v Speaker 3>still a pain in the body. It can hurt your business.

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<v Speaker 3>I mean, I went to the Kirkinscory was that first

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<v Speaker 3>law firm that sued, and I went two weeks ago

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<v Speaker 3>to the hearing tro hearing before Judge Howell here in

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<v Speaker 3>the District of Columbia, and one of the things that

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<v Speaker 3>struck me was that even if they win across the

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<v Speaker 3>board a final judgment, a permanent injunction against Trump, it

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<v Speaker 3>might not necessarily help them because people are going to

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<v Speaker 3>know if you are the general counsel of a big

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<v Speaker 3>aerospace company, for example, we have some kind of issue

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<v Speaker 3>before the Defense Department, whether it's you're trying to get

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<v Speaker 3>a contract, or whether you're trying to get paid on

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<v Speaker 3>a contract, or you're trying to work out some issue

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<v Speaker 3>on a contract or something else. You're not going to

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<v Speaker 3>want to go in there with that law firm, knowing

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<v Speaker 3>full well that the people at the Defense Department know

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<v Speaker 3>that you're basically persona in nongrade even if the court

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<v Speaker 3>say you have to deal with them. So that is

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<v Speaker 3>the position that these law firms. And I'm not justifying

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<v Speaker 3>behavior you're critical of Paul Weiss. I'm explaining the behavior

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<v Speaker 3>that if you are willing to basically put profits over your.

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<v Speaker 1>Country, which a lot of them are, right.

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<v Speaker 3>I mean, you know, I mean the head private equity

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<v Speaker 3>guy at Paul Weissbrick and Whartney Garrison, which has traditionally

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<v Speaker 3>been a very public spirited law firm and had founding

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<v Speaker 3>principles based upon that public spirit that is written by

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<v Speaker 3>a million who Waltim became a very prominent judge, signed

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<v Speaker 3>and Rifkin. They basically put the dollar some ahead of

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<v Speaker 3>you know, their commitment to the rule of law, and

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<v Speaker 3>you know they were liberals, so they ordered to be

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<v Speaker 3>committed to social justice over the years. I don't know

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<v Speaker 3>whether I agree with all that, but I think you

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<v Speaker 3>know that they should not be intimidated by the government

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<v Speaker 3>from engaging in that kind of pro bono activity, and

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<v Speaker 3>it should not be cow telling to the government. But

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<v Speaker 3>you know, the private equity guy they hot and they

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<v Speaker 3>murred over from another firm makes twenty five million dollars

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<v Speaker 3>a year doing deals for private equity companies, and those

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<v Speaker 3>deals sometimes often require government approval. And so you know,

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<v Speaker 3>it basically comes down to whether whether these people want

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<v Speaker 3>to have enough money to buy that setting or third

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<v Speaker 3>house in the Hantons, or whether or not they care

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<v Speaker 3>about the constitution in their country and they want to

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<v Speaker 3>set an example and they want to preserve the country

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<v Speaker 3>for their children, and they obviously choose the second or

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<v Speaker 3>third house in the Hamptons. You know, it's it's disturbing

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<v Speaker 3>and appalling and they should be a shamed because it's

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<v Speaker 3>not I mean what At some point you have to

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<v Speaker 3>stand up and take a position for what's right. I mean,

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<v Speaker 3>I'm God blessed people who may may make a lot

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<v Speaker 3>of money doing anything that's legal, in doing anything, you know,

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<v Speaker 3>including the practice of law. I mean, I'm one of

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<v Speaker 3>the reasons why I can spout off the way I

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<v Speaker 3>have is because I don't need the money. And that

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<v Speaker 3>was the most important thing that I think money can

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<v Speaker 3>get you is the ability to say say whatever the

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<v Speaker 3>fuck you want. And these people they obviously don't value that.

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<v Speaker 3>They don't value the rights and liberties that they have

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<v Speaker 3>as Americans in the way that you or I do.

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<v Speaker 3>And and I think it's very very tragic and I

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<v Speaker 3>ultimately think is self destructive of these law firms to

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<v Speaker 3>be doing this, because you can't. You pay off the

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<v Speaker 3>mob bus, you pay off the bully with your lunch money,

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<v Speaker 3>whatever metaphor you want to use. He'll be back, okay.

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<v Speaker 3>And if he's not going to be back for you,

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<v Speaker 3>he'll be back for somebody else. He just encourages him,

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<v Speaker 3>even if you think you're tricking him by giving him

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<v Speaker 3>ice in winter, right, I mean, he's right, that's what

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<v Speaker 3>pro bonar hours. They're pro bono hours, right, Okay, So

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<v Speaker 3>it's like you're not actually charging anybody for that money,

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<v Speaker 3>and you can and the time you know, it's like

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<v Speaker 3>you associate it's gonna not she as you know, he

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<v Speaker 3>might be a little more he or she might be

0:13:07.280 --> 0:13:09.360
<v Speaker 3>a little more generous and putting down the time since

0:13:09.400 --> 0:13:12.320
<v Speaker 3>it's actually not being built to a client who may say,

0:13:12.360 --> 0:13:14.440
<v Speaker 3>wait a minute, why did you spend nine hours on

0:13:14.760 --> 0:13:20.280
<v Speaker 3>researching this? But still it really sends a message to

0:13:20.400 --> 0:13:23.920
<v Speaker 3>the world that even the law firms, the law firms

0:13:23.920 --> 0:13:26.800
<v Speaker 3>who should be in a position to fight this and

0:13:26.880 --> 0:13:31.480
<v Speaker 3>should be morally positioned as well as professionally positioned to

0:13:31.559 --> 0:13:33.640
<v Speaker 3>fight this or just throwing in the towel. So why

0:13:33.640 --> 0:13:37.560
<v Speaker 3>should any of us fight? And it's really just it's

0:13:37.600 --> 0:13:40.960
<v Speaker 3>just I just find it morally reprehensible, and it's you know,

0:13:41.200 --> 0:13:44.320
<v Speaker 3>it's it's basically it's extortion. I think it's, you know,

0:13:44.880 --> 0:13:47.920
<v Speaker 3>at least the equivalent of the moral equivalent of extortion.

0:13:48.000 --> 0:13:50.640
<v Speaker 3>I mean, he's it's it's not clear that he's getting

0:13:50.920 --> 0:13:53.600
<v Speaker 3>a real standpoint that you couldn't charge it because he's

0:13:53.640 --> 0:13:57.160
<v Speaker 3>not getting a direct personal benefit of anything. But you

0:13:57.200 --> 0:14:00.480
<v Speaker 3>know that'll come. And that's that's sort of what happened

0:14:00.520 --> 0:14:03.600
<v Speaker 3>in these other these cases that he settled, these bullshit

0:14:03.679 --> 0:14:06.040
<v Speaker 3>libel cases. It would be the one where where he

0:14:06.120 --> 0:14:11.080
<v Speaker 3>claimed that he was libel because because George Stepanopolis, you know,

0:14:11.120 --> 0:14:14.120
<v Speaker 3>gave the impression that he raped a woman one way

0:14:14.160 --> 0:14:16.280
<v Speaker 3>instead of raping a woman another way.

0:14:16.640 --> 0:14:18.640
<v Speaker 1>Yeah, I'm glad you talked about this.

0:14:18.760 --> 0:14:18.920
<v Speaker 3>Now.

0:14:19.000 --> 0:14:22.160
<v Speaker 1>I want you to talk a little bit about why

0:14:22.840 --> 0:14:25.360
<v Speaker 1>I think you're right. And I think that's a good point.

0:14:25.480 --> 0:14:27.720
<v Speaker 1>And I do think if we give in to bullies,

0:14:27.800 --> 0:14:29.320
<v Speaker 1>what we've seen, I mean, we saw this from the

0:14:29.360 --> 0:14:33.280
<v Speaker 1>Trumpet first Trump administration is if you start negotiating with him,

0:14:33.400 --> 0:14:34.920
<v Speaker 1>he just takes and takes and takes.

0:14:35.360 --> 0:14:37.000
<v Speaker 3>That's what a narcissist do, right.

0:14:37.120 --> 0:14:40.120
<v Speaker 1>I wonder if you could talk a little bit about

0:14:40.640 --> 0:14:43.440
<v Speaker 1>just like Trump. One point out, Trump continues to pretty

0:14:43.520 --> 0:14:46.680
<v Speaker 1>much almost completely lose in coren.

0:14:47.280 --> 0:14:52.520
<v Speaker 3>Yes, it's a really remarkable string of losses as a Friday,

0:14:52.640 --> 0:14:57.440
<v Speaker 3>according to a fabulation by a wonderful friend and professor

0:14:57.520 --> 0:15:00.600
<v Speaker 3>at Georgetown, Steve laddiprof or of law.

0:15:00.800 --> 0:15:03.320
<v Speaker 1>Yeah, and actually he sent this to me. Steve Vladdock,

0:15:03.440 --> 0:15:06.200
<v Speaker 1>who teaches a Georgetown is a brilliant author of the

0:15:06.240 --> 0:15:08.160
<v Speaker 1>Shadow Docket. We love that guy.

0:15:08.320 --> 0:15:12.360
<v Speaker 3>No, he's really really terrific, you know, basically, even even

0:15:12.400 --> 0:15:15.400
<v Speaker 3>though his philosophical bent is different than mine, it's like

0:15:15.480 --> 0:15:18.720
<v Speaker 3>he's always right these days. We agree on everything he says.

0:15:18.720 --> 0:15:22.520
<v Speaker 3>There are forty six cases in which judges have blocked

0:15:22.680 --> 0:15:26.960
<v Speaker 3>Frump policies. These forty six decisions have come from thirty

0:15:27.400 --> 0:15:33.280
<v Speaker 3>nine different federal judges who are appointed by five separate administrations,

0:15:33.280 --> 0:15:37.920
<v Speaker 3>obviously both Republican and Democratic in eleven separate district courts

0:15:38.000 --> 0:15:42.160
<v Speaker 3>in seven different federal service And what that tells you

0:15:42.360 --> 0:15:44.760
<v Speaker 3>is that you have to be doing first of all,

0:15:44.760 --> 0:15:47.880
<v Speaker 3>to get that number of decisions against you that quickly,

0:15:48.120 --> 0:15:52.080
<v Speaker 3>you have to be doing something wall and to get that. No, no,

0:15:52.160 --> 0:15:55.640
<v Speaker 3>this isn't one of these situations where Stephen Miller so

0:15:55.880 --> 0:16:00.200
<v Speaker 3>felicitously put it on execute that these are all well

0:16:00.200 --> 0:16:03.720
<v Speaker 3>Marxist judges trying to interfere with the you know, with

0:16:03.800 --> 0:16:08.640
<v Speaker 3>the president's prerogatives. While Stephen Miller is an absolute lunatic

0:16:08.800 --> 0:16:11.520
<v Speaker 3>and these aren't Marxist judges. These are I mean. One

0:16:11.520 --> 0:16:14.360
<v Speaker 3>of the first decisions was rendered by a judge in

0:16:14.560 --> 0:16:18.200
<v Speaker 3>Washington named Governor, who was a Reagan appointed and he

0:16:18.240 --> 0:16:21.760
<v Speaker 3>said he couldn't believe basically that the Justice Department was

0:16:21.800 --> 0:16:26.200
<v Speaker 3>appearing before him. They looked like day two of the administrations,

0:16:26.520 --> 0:16:28.880
<v Speaker 3>give or take a day, that they were making this

0:16:29.040 --> 0:16:31.880
<v Speaker 3>argument that completely perverted the text of fourteenth Amendment to

0:16:31.960 --> 0:16:33.920
<v Speaker 3>argue that people who were born in the United States

0:16:33.920 --> 0:16:37.840
<v Speaker 3>aren't necessarily citizens, even though the Constitution says that people

0:16:37.840 --> 0:16:40.120
<v Speaker 3>who are born all persons born in the United States

0:16:40.320 --> 0:16:43.280
<v Speaker 3>or citizens thereof what Trump is doing is based of

0:16:43.360 --> 0:16:47.240
<v Speaker 3>pradition wholesale, ignoring laws that he doesn't like, whether they

0:16:47.280 --> 0:16:51.680
<v Speaker 3>be laws about what spending has to be engaged in,

0:16:51.720 --> 0:16:54.160
<v Speaker 3>which are you know, these are these these laws that

0:16:54.400 --> 0:16:58.840
<v Speaker 3>appropriate money generally do not say if the president so desire,

0:16:58.960 --> 0:17:02.680
<v Speaker 3>they say the presidents shall spend money in words in

0:17:02.680 --> 0:17:06.639
<v Speaker 3>the substance. And then he's violating the Constitution by having

0:17:06.760 --> 0:17:10.360
<v Speaker 3>Elon Musk. Essentially, I mean that that bilates the Constitution

0:17:10.400 --> 0:17:14.360
<v Speaker 3>because he's essentially using his executive orders to to usurfu

0:17:14.440 --> 0:17:17.320
<v Speaker 3>the power of Congress and to pass laws what he

0:17:17.440 --> 0:17:21.719
<v Speaker 3>considers to be laws, overturning will of Congress and the statutes.

0:17:22.080 --> 0:17:25.560
<v Speaker 3>But he's also for example, he's pointed Elon Musk to

0:17:25.720 --> 0:17:29.119
<v Speaker 3>basically act as a as something of a czar for

0:17:29.200 --> 0:17:33.480
<v Speaker 3>the government. And to do that, the pointance laws requires

0:17:33.840 --> 0:17:37.240
<v Speaker 3>at a minimum, requires that his position be created by Congress,

0:17:37.240 --> 0:17:40.359
<v Speaker 3>which it was not. And it further requires, given the

0:17:40.400 --> 0:17:44.000
<v Speaker 3>breath of his power, it requires that he be set

0:17:44.080 --> 0:17:47.760
<v Speaker 3>confirmed to the office that the that the Congress should

0:17:47.840 --> 0:17:50.560
<v Speaker 3>have to have created. And it's you know, illegal on

0:17:50.640 --> 0:17:53.920
<v Speaker 3>multiple levels and has now been so held by courts,

0:17:54.240 --> 0:17:58.040
<v Speaker 3>and he has shown absolute disrespect for the law. He

0:17:58.119 --> 0:18:02.040
<v Speaker 3>doesn't care what the law says, and their compliance with

0:18:02.119 --> 0:18:04.840
<v Speaker 3>these court orders has been kind of shoddy, and they're

0:18:04.840 --> 0:18:07.680
<v Speaker 3>just playing games with the courts of a fundamental in

0:18:07.800 --> 0:18:12.760
<v Speaker 3>this whole bit with the Alien Enemies Act and the Venezuelans.

0:18:12.760 --> 0:18:15.320
<v Speaker 3>They ship them on and they refuse to basically turn

0:18:15.359 --> 0:18:17.920
<v Speaker 3>the planes around. You know, that's that's illegal.

0:18:18.320 --> 0:18:22.440
<v Speaker 1>So what you're saying here is constitutional crisis discuss.

0:18:23.119 --> 0:18:25.400
<v Speaker 3>Well, we are in a constitutional crisis. We are been

0:18:25.520 --> 0:18:28.639
<v Speaker 3>in a I think we're in the early stages of it,

0:18:28.680 --> 0:18:32.280
<v Speaker 3>because it's not going away anytime soon. You know, it's

0:18:32.320 --> 0:18:35.240
<v Speaker 3>like stages of cancer. I mean, we are in stage

0:18:35.240 --> 0:18:39.840
<v Speaker 3>four of trump Ism. In terms of the final constitutional crisis,

0:18:39.920 --> 0:18:42.840
<v Speaker 3>we are in stage one or two at least of that.

0:18:43.280 --> 0:18:46.520
<v Speaker 3>And I think the further stages are going to involve

0:18:47.160 --> 0:18:51.000
<v Speaker 3>him absolutely flat out refusing to obey court orders in

0:18:51.119 --> 0:18:56.199
<v Speaker 3>certain in certain cases, and then ultimately chaos because I

0:18:56.240 --> 0:18:58.439
<v Speaker 3>think that he's not going to be able to control

0:18:58.520 --> 0:19:01.640
<v Speaker 3>the public reaction to that, and I think he's going

0:19:01.680 --> 0:19:04.399
<v Speaker 3>to try. I think he's going to issue orders that

0:19:04.520 --> 0:19:07.000
<v Speaker 3>will be illegal, that some people will not obey and

0:19:07.040 --> 0:19:11.200
<v Speaker 3>others will obey, and and you know, at the same time,

0:19:11.720 --> 0:19:14.520
<v Speaker 3>these courts are going to be issuing these orders, whether

0:19:14.600 --> 0:19:16.879
<v Speaker 3>or not they be enforced against Trump. I think we

0:19:16.920 --> 0:19:21.240
<v Speaker 3>are headed toward legal and political chaos, and that's very,

0:19:21.359 --> 0:19:26.520
<v Speaker 3>very tragic for the country, both politically and economically and morally.

0:19:26.560 --> 0:19:30.119
<v Speaker 3>And it's it's just not I mean, it's something where

0:19:30.520 --> 0:19:34.240
<v Speaker 3>you know, I've telled telling my middle daughter who's going

0:19:34.320 --> 0:19:37.480
<v Speaker 3>into twelfth grade next year, that she should think about

0:19:37.480 --> 0:19:40.320
<v Speaker 3>studying abroad for the next few years. I don't, you know,

0:19:40.359 --> 0:19:42.080
<v Speaker 3>I don't have a lot of confidence that this is

0:19:42.119 --> 0:19:45.280
<v Speaker 3>going to get resolved quickly and in a manner that's

0:19:45.600 --> 0:19:47.880
<v Speaker 3>really sets us back to normality.

0:19:48.119 --> 0:19:52.320
<v Speaker 1>So let's talk a little bit about how we sort

0:19:52.359 --> 0:19:55.800
<v Speaker 1>of keep going through this. We have the courts are

0:19:55.840 --> 0:19:59.240
<v Speaker 1>saying no to trump Ism as a response, instead of

0:19:59.280 --> 0:20:01.520
<v Speaker 1>what happened in from one point out where you had

0:20:01.600 --> 0:20:04.439
<v Speaker 1>a few normal people still in the administration, so they

0:20:04.440 --> 0:20:06.960
<v Speaker 1>would say things like, you know, we don't like it,

0:20:07.000 --> 0:20:08.960
<v Speaker 1>but we're going to listen to the courts. This time,

0:20:08.960 --> 0:20:12.400
<v Speaker 1>you have JD. Van saying, you know, you have both

0:20:12.480 --> 0:20:15.919
<v Speaker 1>Jadvans and Elon mush saying that you know.

0:20:16.800 --> 0:20:19.560
<v Speaker 3>And don't forget Stephen Miller, because I believe that Stephen

0:20:19.600 --> 0:20:23.960
<v Speaker 3>Miller is probably as powerful as Muskus in this administration,

0:20:24.080 --> 0:20:26.800
<v Speaker 3>He's just not as high profile. I think he is

0:20:26.840 --> 0:20:29.359
<v Speaker 3>the architect of a lot of what's going on because

0:20:29.400 --> 0:20:31.920
<v Speaker 3>nobody else. I mean, I don't think Vance has the

0:20:32.080 --> 0:20:35.520
<v Speaker 3>internal political power, and I don't think Musk is too

0:20:36.000 --> 0:20:41.399
<v Speaker 3>scattershot and possibly intoxicated to really exercise this kind of

0:20:41.520 --> 0:20:45.360
<v Speaker 3>anything other than arbitrary nihilistic actions, you know. And I think,

0:20:45.600 --> 0:20:47.720
<v Speaker 3>so those are the three I think. And Miller is

0:20:47.800 --> 0:20:50.119
<v Speaker 3>just obviously illning. I mean, I don't know if you've

0:20:50.160 --> 0:20:52.280
<v Speaker 3>seen some of his TV heads lately where he's gonna

0:20:52.320 --> 0:20:55.520
<v Speaker 3>sweaming at the television and whole rant the other day

0:20:55.560 --> 0:20:59.040
<v Speaker 3>about Marxist judges. But he's he's not a well man,

0:20:59.080 --> 0:20:59.880
<v Speaker 3>but he's very very.

0:21:00.520 --> 0:21:04.040
<v Speaker 1>Yeah, he is very smart, but he's not well. So

0:21:04.280 --> 0:21:08.040
<v Speaker 1>let's just sort of game this out. We have judges

0:21:08.119 --> 0:21:13.760
<v Speaker 1>who are being targeted, federal judges. It feels like we're

0:21:14.119 --> 0:21:20.040
<v Speaker 1>heading somewhere bad. Here there are still normal Republicans in

0:21:20.080 --> 0:21:23.320
<v Speaker 1>the Senate. If a critical mask got together, they could

0:21:23.320 --> 0:21:25.240
<v Speaker 1>protect these judges. I mean, are they going to try

0:21:25.240 --> 0:21:30.000
<v Speaker 1>to impeach federal judges? I mean, that's what the right wants.

0:21:29.840 --> 0:21:32.920
<v Speaker 3>I think the House may very well try to do that,

0:21:33.000 --> 0:21:35.879
<v Speaker 3>and I think on a party line vote requires a

0:21:35.880 --> 0:21:39.959
<v Speaker 3>simple majority, they probably can do it, although their majority

0:21:40.240 --> 0:21:43.639
<v Speaker 3>has grow center and may even grow even more center

0:21:43.680 --> 0:21:46.960
<v Speaker 3>in the next forty eight hours three thos, so we'll see.

0:21:47.160 --> 0:21:51.080
<v Speaker 3>I don't think there's any chance at all of conviction

0:21:51.560 --> 0:21:54.600
<v Speaker 3>in the Senate, but the harassment of these judges is

0:21:54.600 --> 0:21:57.280
<v Speaker 3>something not to be taken light. It can cost these

0:21:57.359 --> 0:21:59.720
<v Speaker 3>judges money to have to retain warriors, and you have

0:21:59.760 --> 0:22:02.640
<v Speaker 3>to if you are the subject of an impeachment inquiry,

0:22:02.640 --> 0:22:06.520
<v Speaker 3>you probably should retain a lawyer. And I know some

0:22:06.600 --> 0:22:08.879
<v Speaker 3>efforts to make sure that or at least some intent

0:22:08.960 --> 0:22:11.000
<v Speaker 3>among some people to try to make sure that judges

0:22:11.000 --> 0:22:14.160
<v Speaker 3>have the resources to defend themselves. They may be subject

0:22:14.200 --> 0:22:18.200
<v Speaker 3>to subpoenas and whatnot, And a truly scary thing about

0:22:18.200 --> 0:22:21.320
<v Speaker 3>that would be is if it intimidates judges into not

0:22:21.400 --> 0:22:24.520
<v Speaker 3>doing their jobs. But so far, I have to say

0:22:24.560 --> 0:22:28.560
<v Speaker 3>that judges have shown remarkable courage. Their commitment to the

0:22:28.640 --> 0:22:33.240
<v Speaker 3>rule of law has been just absolutely remarkable, including Republican judges,

0:22:33.480 --> 0:22:36.520
<v Speaker 3>and we've seen the Chief Justice of the United States

0:22:36.520 --> 0:22:40.680
<v Speaker 3>speak out against bogus and patient efforts and we saw

0:22:40.920 --> 0:22:45.320
<v Speaker 3>a very conservative a friend of mine, Eleventh Circuit Judge

0:22:45.359 --> 0:22:49.600
<v Speaker 3>William Pryor, has spoken out against impeachment of judges for

0:22:49.680 --> 0:22:53.119
<v Speaker 3>their decisions. He was on Chunks shortlist in twenty seventeen.

0:22:53.280 --> 0:22:57.119
<v Speaker 3>And I highly admire the way the federal judiciary is

0:22:57.359 --> 0:23:00.880
<v Speaker 3>hanging together to protect the constitution system of government.

0:23:01.080 --> 0:23:04.840
<v Speaker 1>Yeah, I'll say it's really important when you think about

0:23:04.920 --> 0:23:08.560
<v Speaker 1>the way to protect the rule of law and norms

0:23:08.560 --> 0:23:11.920
<v Speaker 1>and institution to what is in your mind the way

0:23:11.920 --> 0:23:12.320
<v Speaker 1>to do it.

0:23:12.880 --> 0:23:15.480
<v Speaker 3>Well, I think, you know, I think this litigation is

0:23:15.560 --> 0:23:20.320
<v Speaker 3>obviously a very important art of what has to happen

0:23:20.640 --> 0:23:25.119
<v Speaker 3>to show the world, to show the country that Trump

0:23:25.359 --> 0:23:28.760
<v Speaker 3>is tearing up statutes in the Constitution and behaving them

0:23:28.800 --> 0:23:32.960
<v Speaker 3>lawfully and really destroying this our system of government. Regardless

0:23:32.960 --> 0:23:35.119
<v Speaker 3>of whether you think some of the objects that he

0:23:35.240 --> 0:23:39.920
<v Speaker 3>is reporting to try to attain are good or bad,

0:23:40.119 --> 0:23:42.520
<v Speaker 3>the fact of the matter is he's destroying the system

0:23:42.560 --> 0:23:46.280
<v Speaker 3>by which we peacefully resolve our differences and by which

0:23:46.320 --> 0:23:50.200
<v Speaker 3>we have lived for two hundred plus years, give or take.

0:23:50.560 --> 0:23:53.399
<v Speaker 3>Set the Civil War aside, and this is the reason

0:23:53.480 --> 0:23:56.320
<v Speaker 3>why we have had, you know, one of the most

0:23:56.320 --> 0:24:00.560
<v Speaker 3>successful economies, one of the most successful societies in history

0:24:00.600 --> 0:24:03.320
<v Speaker 3>and the reason why, ironically people want to come to

0:24:03.359 --> 0:24:05.920
<v Speaker 3>the United States and want how people want to leave

0:24:05.960 --> 0:24:08.520
<v Speaker 3>the United States or see scientists. Seventy five percent of

0:24:08.560 --> 0:24:11.560
<v Speaker 3>scientists polled by Nature magazine say they're thinking of leaving

0:24:11.600 --> 0:24:12.200
<v Speaker 3>the country.

0:24:12.400 --> 0:24:16.120
<v Speaker 1>One last question for you with the disappearing grad students.

0:24:16.160 --> 0:24:18.679
<v Speaker 1>What should the disappearing grad students be doing if you

0:24:18.720 --> 0:24:19.679
<v Speaker 1>want to stay safe?

0:24:19.760 --> 0:24:21.840
<v Speaker 3>If you want to stay safe. I hate to say this,

0:24:21.960 --> 0:24:24.679
<v Speaker 3>but one advice that they had been given is to

0:24:24.760 --> 0:24:26.919
<v Speaker 3>keep their mental shut. And it's the whole purpose of

0:24:26.960 --> 0:24:29.520
<v Speaker 3>what Trump is trying to do. And it's a real

0:24:29.600 --> 0:24:33.879
<v Speaker 3>problem the Trump administration is it is basically punishing people

0:24:33.920 --> 0:24:37.480
<v Speaker 3>for speech. This woman who has taking off the street,

0:24:37.640 --> 0:24:39.840
<v Speaker 3>she did all she did, write it off it. I mean,

0:24:39.880 --> 0:24:42.639
<v Speaker 3>I'd agree with all its particulars. It was about obviously

0:24:42.720 --> 0:24:45.239
<v Speaker 3>about the situation in gazzled. But it doesn't matter what

0:24:45.320 --> 0:24:48.800
<v Speaker 3>it wasn't in promotion, He can't. It doesn't matter because

0:24:48.840 --> 0:24:50.199
<v Speaker 3>what's it going to be next? Is it going to

0:24:50.200 --> 0:24:53.000
<v Speaker 3>be somebody who says that Donald Trump is violating the

0:24:53.040 --> 0:24:54.240
<v Speaker 3>Constitution right?

0:24:54.400 --> 0:24:55.760
<v Speaker 1>Absolutely no question.

0:24:56.320 --> 0:24:59.320
<v Speaker 3>That person might be deemed by Macro Aruvio to be

0:24:59.520 --> 0:25:03.960
<v Speaker 3>raising a ruckus and their visa would reportedly be revoked,

0:25:03.960 --> 0:25:06.280
<v Speaker 3>even though even you know, and and the whole thing

0:25:06.440 --> 0:25:09.760
<v Speaker 3>that that what they're doing to lawful permanent residence people

0:25:09.880 --> 0:25:11.800
<v Speaker 3>be in cars, they had no power to do that

0:25:11.840 --> 0:25:14.679
<v Speaker 3>without going to an immigration for it would be very

0:25:14.760 --> 0:25:18.639
<v Speaker 3>very unnerving time to be a foreign student in the

0:25:18.760 --> 0:25:23.160
<v Speaker 3>United States. And I could not advise them that they're safe.

0:25:23.280 --> 0:25:25.320
<v Speaker 3>You know, they can fight, they can hire lawyers. There

0:25:25.320 --> 0:25:27.960
<v Speaker 3>are the aco you will defend them, others will defend them.

0:25:28.000 --> 0:25:30.400
<v Speaker 3>But once they sort of you know, they're gonna they're

0:25:30.480 --> 0:25:33.320
<v Speaker 3>doing unlawful things. What are you sending people to Louisiana

0:25:33.400 --> 0:25:37.480
<v Speaker 3>on prisons there? Frankly without want the government is behaving lawles.

0:25:37.920 --> 0:25:44.360
<v Speaker 1>Thank you, George Conway, thank you. Simon Rabinovich is the

0:25:44.520 --> 0:25:52.560
<v Speaker 1>US economics editor of The Economist. Welcome to Fast Politics, Simon.

0:25:52.800 --> 0:25:54.119
<v Speaker 3>It would be good to be here. Thank you.

0:25:54.560 --> 0:25:58.480
<v Speaker 1>Great to have you so. April second, April first is

0:25:58.520 --> 0:26:03.600
<v Speaker 1>April Fool's Day. April well second is liberation Day. We're

0:26:03.640 --> 0:26:05.800
<v Speaker 1>going to be liberated from our money.

0:26:06.080 --> 0:26:09.840
<v Speaker 4>Discuss that's right, Americans who've been sort of living, you know,

0:26:10.440 --> 0:26:14.200
<v Speaker 4>shackled by the horrors of global trade for the last century,

0:26:14.200 --> 0:26:17.080
<v Speaker 4>which of course also was a century in which America

0:26:17.119 --> 0:26:21.080
<v Speaker 4>became the world's most prosperous economy ever in history. Will

0:26:21.160 --> 0:26:24.720
<v Speaker 4>finally be freed Tomorrow at three pm or so in

0:26:24.720 --> 0:26:27.119
<v Speaker 4>the Rose Garden, we'll find out just exactly what that

0:26:27.200 --> 0:26:28.520
<v Speaker 4>liberation entails.

0:26:28.840 --> 0:26:32.800
<v Speaker 1>One of the really strange things about Trump's first administration

0:26:33.040 --> 0:26:36.560
<v Speaker 1>was he actually did well with tariffs. He didn't do

0:26:36.640 --> 0:26:40.440
<v Speaker 1>well with a lot of things COVID, you know, civil rights,

0:26:40.640 --> 0:26:44.480
<v Speaker 1>but he actually really used tariffs in an effective way,

0:26:44.560 --> 0:26:47.960
<v Speaker 1>in such an effective way that Biden World continued a

0:26:47.960 --> 0:26:51.200
<v Speaker 1>lot of these tariffs. Sort of explain to us what

0:26:51.280 --> 0:26:54.360
<v Speaker 1>he did with tariffs and how they worked for him,

0:26:54.720 --> 0:26:58.600
<v Speaker 1>and also how that has now given him brainworms about tariffs.

0:26:58.359 --> 0:27:01.119
<v Speaker 4>I guess I would start by some and what disputing

0:27:01.119 --> 0:27:04.199
<v Speaker 4>the premise that he did do well with tariffs, I

0:27:04.200 --> 0:27:08.160
<v Speaker 4>would say in this first term that he didn't massively

0:27:08.240 --> 0:27:11.880
<v Speaker 4>screw things up with tariffs, which is different. So, first

0:27:11.920 --> 0:27:15.280
<v Speaker 4>of all, the overall tariff level in his first ministration

0:27:15.920 --> 0:27:17.520
<v Speaker 4>it went up, but if you look at kind of

0:27:17.600 --> 0:27:20.840
<v Speaker 4>America's overall effective tariff rate, it kind of went from

0:27:21.119 --> 0:27:25.200
<v Speaker 4>two percent to a little over three percent. So we're

0:27:25.200 --> 0:27:29.400
<v Speaker 4>not talking about a massive, massive change, and what did

0:27:29.400 --> 0:27:33.159
<v Speaker 4>that actually achieve for America. Trump's target number one was

0:27:33.600 --> 0:27:36.760
<v Speaker 4>the persistent trade deficit that did not narrow in his

0:27:36.800 --> 0:27:39.840
<v Speaker 4>first term, so there was no progress made on what

0:27:40.000 --> 0:27:44.000
<v Speaker 4>really was his goal of balancing America's trade relationship. There

0:27:44.160 --> 0:27:46.520
<v Speaker 4>was a trade deal with China, which China did not

0:27:46.640 --> 0:27:48.680
<v Speaker 4>actually abide by because.

0:27:49.200 --> 0:27:51.240
<v Speaker 1>Because they don't yes.

0:27:51.119 --> 0:27:53.320
<v Speaker 4>And it was also pie in the sky from the outset.

0:27:53.359 --> 0:27:55.400
<v Speaker 4>You know, anybody who was looking at it said there's

0:27:55.400 --> 0:27:58.480
<v Speaker 4>no way that they could possibly hit these purchase levels.

0:27:58.840 --> 0:28:01.639
<v Speaker 4>They basically sold Trump a bill of goods. He bought it,

0:28:01.720 --> 0:28:04.679
<v Speaker 4>sold it as a victory, and it was never anything

0:28:04.720 --> 0:28:08.320
<v Speaker 4>that could possibly be actually delivered. So, you know, so

0:28:08.359 --> 0:28:10.760
<v Speaker 4>he didn't close the deficit, he didn't actually get an

0:28:10.760 --> 0:28:14.080
<v Speaker 4>effective trade deal with with China. He didn't bring manufacturing

0:28:14.119 --> 0:28:17.199
<v Speaker 4>back to America, and fact studies show that, for example,

0:28:17.240 --> 0:28:20.160
<v Speaker 4>his tariffs on the steel sector were very bad for

0:28:20.280 --> 0:28:24.520
<v Speaker 4>the thousands and thousands of companies downstream from steel producers

0:28:24.560 --> 0:28:27.199
<v Speaker 4>who saw their input costs rise. So you know, it

0:28:27.280 --> 0:28:30.360
<v Speaker 4>was not good for US manufacturing. But you are right

0:28:30.680 --> 0:28:34.280
<v Speaker 4>that the Biden administration did not reverse what he did

0:28:34.359 --> 0:28:37.440
<v Speaker 4>specifically did not reverse what he did on China. They

0:28:37.440 --> 0:28:41.160
<v Speaker 4>did actually partially reverse the steel tariffs because those were really,

0:28:41.200 --> 0:28:45.440
<v Speaker 4>really quite harmful, the China tariffs. It's complicated because you

0:28:45.480 --> 0:28:50.160
<v Speaker 4>then get beyond pure economic considerations into national security issues,

0:28:50.320 --> 0:28:54.040
<v Speaker 4>into this kind of very hawkish American turn towards China.

0:28:54.080 --> 0:28:57.000
<v Speaker 4>And so the tariffs were kept in place. They didn't

0:28:57.120 --> 0:28:59.560
<v Speaker 4>hurt the economy as much as they might have because

0:28:59.640 --> 0:29:02.480
<v Speaker 4>China moved so much of its production outside of its

0:29:02.520 --> 0:29:07.080
<v Speaker 4>own country to Vietnam and Malaysia and Bangladesh, et cetera.

0:29:07.800 --> 0:29:11.600
<v Speaker 4>Met Mexico of course, and so Americans continued to get

0:29:11.680 --> 0:29:16.520
<v Speaker 4>efficiently cheap Chinese goods from other countries, and so you

0:29:16.560 --> 0:29:19.200
<v Speaker 4>didn't see the big economic downsides. So that's kind of

0:29:19.200 --> 0:29:21.360
<v Speaker 4>Trump number one, Trump number two.

0:29:21.720 --> 0:29:24.040
<v Speaker 1>And also, can we just pause for a second and

0:29:24.160 --> 0:29:26.560
<v Speaker 1>just add that this came on the heels of a

0:29:26.600 --> 0:29:27.800
<v Speaker 1>massive tax cut.

0:29:28.080 --> 0:29:29.280
<v Speaker 4>You're absolutely right.

0:29:29.360 --> 0:29:32.040
<v Speaker 1>So you juice the economy and then you pull back

0:29:32.080 --> 0:29:32.600
<v Speaker 1>a little bit.

0:29:32.920 --> 0:29:36.640
<v Speaker 4>Right, So Trump number one, you're absolutely right. The broader

0:29:36.640 --> 0:29:40.160
<v Speaker 4>context is very different. So you've got the big tax

0:29:40.200 --> 0:29:43.920
<v Speaker 4>cut package, the TCGA, the Tax Cuts and Jobs Act

0:29:44.160 --> 0:29:47.840
<v Speaker 4>of twenty seventeen that helped to juice the economy. You

0:29:47.920 --> 0:29:51.240
<v Speaker 4>also had an economy that was, you know, basically five

0:29:51.360 --> 0:29:55.200
<v Speaker 4>years into its big recovery after the global financial crisis,

0:29:55.480 --> 0:29:58.560
<v Speaker 4>a recovery that of course was kickstarted under Barack Obama,

0:29:58.840 --> 0:30:02.040
<v Speaker 4>and Trump inherited him from that. So you've got an

0:30:02.040 --> 0:30:04.560
<v Speaker 4>economy that was on the up, that was juiced by

0:30:04.640 --> 0:30:07.560
<v Speaker 4>tax cuts, and that, you know, if you look at it,

0:30:07.600 --> 0:30:13.000
<v Speaker 4>and aggregate had a relatively minimal drag from tariffs because

0:30:13.200 --> 0:30:15.600
<v Speaker 4>it simply did not add up to all that much.

0:30:15.720 --> 0:30:17.960
<v Speaker 4>And so then you're right, you get into Trump too,

0:30:17.960 --> 0:30:20.120
<v Speaker 4>and he looks back at it and says, hey, I

0:30:20.200 --> 0:30:23.240
<v Speaker 4>did tariffs and Trump number one, and economists said they

0:30:23.240 --> 0:30:24.960
<v Speaker 4>were going to be really bad, and lo and behold,

0:30:25.000 --> 0:30:28.640
<v Speaker 4>they weren't bad. The economy prospered. So this time around,

0:30:28.840 --> 0:30:31.800
<v Speaker 4>I'm going to go even bigger. And anybody who's warning

0:30:32.000 --> 0:30:36.160
<v Speaker 4>of problems, of doom, of anything, they're just doomsayers. They

0:30:36.200 --> 0:30:38.440
<v Speaker 4>don't get it. They don't see the transformation that I'm

0:30:38.520 --> 0:30:39.800
<v Speaker 4>going to bring about.

0:30:40.280 --> 0:30:45.200
<v Speaker 1>Yeah, not great. So Simon explained to us, now where

0:30:45.320 --> 0:30:47.760
<v Speaker 1>we are with the tariffs, because there's so much on again,

0:30:47.880 --> 0:30:49.560
<v Speaker 1>off again, it's hard to keep track.

0:30:49.840 --> 0:30:52.240
<v Speaker 4>We certainly have seen that in the case of the

0:30:52.280 --> 0:30:55.480
<v Speaker 4>tariffs on Canada and Mexico, you know, America's two biggest

0:30:55.520 --> 0:30:59.280
<v Speaker 4>trading partners, that twice they were delayed and twice they

0:30:59.280 --> 0:31:02.000
<v Speaker 4>were sort of onwhat reduced. But in the end, we

0:31:02.040 --> 0:31:04.400
<v Speaker 4>do have tariffs that have been put into place on

0:31:04.640 --> 0:31:08.000
<v Speaker 4>effectively the majority of the trade with both Canada and Mexico,

0:31:08.080 --> 0:31:10.600
<v Speaker 4>and companies are kind of scrambling around trying to figure

0:31:10.640 --> 0:31:13.040
<v Speaker 4>out how to adjust. We also have big tariffs that

0:31:13.040 --> 0:31:16.080
<v Speaker 4>have been put in place on steel. We've had tariffs

0:31:16.080 --> 0:31:19.560
<v Speaker 4>that have been increased rapidly on China. So you know,

0:31:19.640 --> 0:31:22.120
<v Speaker 4>in the space of the first two months plus of

0:31:22.160 --> 0:31:25.600
<v Speaker 4>his current administration, he's done more in terms of tariffs

0:31:25.600 --> 0:31:28.160
<v Speaker 4>on China than he did in the entirety of his

0:31:28.200 --> 0:31:31.240
<v Speaker 4>first term. And then tomorrow we're going to get Liberation Day,

0:31:31.280 --> 0:31:34.520
<v Speaker 4>and the exact details are unclear and probably will be.

0:31:35.200 --> 0:31:38.000
<v Speaker 1>And they will be unclear until they're more unclear.

0:31:38.120 --> 0:31:41.040
<v Speaker 4>Yes, gone, they'll be unclear until the moment that Trump

0:31:41.080 --> 0:31:43.680
<v Speaker 4>basically announces them in the Rose Garden. But we do

0:31:43.800 --> 0:31:46.880
<v Speaker 4>know that there's kind of two competing ideas. One is

0:31:46.920 --> 0:31:50.640
<v Speaker 4>that he does a big universal tariff ten or twenty

0:31:50.720 --> 0:31:54.360
<v Speaker 4>percent on everybody on all imports into America, and the

0:31:54.400 --> 0:31:56.880
<v Speaker 4>other is that he does something that's a little bit

0:31:56.920 --> 0:32:00.560
<v Speaker 4>more targeted reciprocal, as they say, where they look at

0:32:00.640 --> 0:32:03.440
<v Speaker 4>what other countries are doing to America, what their tariff

0:32:03.520 --> 0:32:07.080
<v Speaker 4>levels are, what their non tariff barriers are, and try

0:32:07.120 --> 0:32:11.160
<v Speaker 4>to cook up a number that matches. Supposedly, you know

0:32:11.160 --> 0:32:13.760
<v Speaker 4>what American exporters face when they try to sell to

0:32:13.800 --> 0:32:17.120
<v Speaker 4>other countries around the world. Whatever it is, it's clear

0:32:17.200 --> 0:32:19.400
<v Speaker 4>that there are going to be a lot more tariffs

0:32:19.400 --> 0:32:22.280
<v Speaker 4>announced tomorrow, and it's also clear that it's not going

0:32:22.360 --> 0:32:24.240
<v Speaker 4>to be the end of the story that he wants

0:32:24.280 --> 0:32:27.000
<v Speaker 4>to do more in the way of sectoral tariffs, so

0:32:27.400 --> 0:32:31.920
<v Speaker 4>tariffs on products like semiconductors and lumber and pharmaceuticals, and

0:32:32.280 --> 0:32:36.440
<v Speaker 4>probably it's also likely that we'll see retaliation from some

0:32:36.600 --> 0:32:41.200
<v Speaker 4>countries that will beget yet more escalation from America.

0:32:41.280 --> 0:32:47.400
<v Speaker 1>So China, Japan, South Korea, countries that never get together

0:32:47.520 --> 0:32:50.640
<v Speaker 1>and do things have gotten involved in. It's sort of

0:32:50.760 --> 0:32:54.240
<v Speaker 1>NATO for tariffs in China right talk to us about that.

0:32:54.560 --> 0:32:57.560
<v Speaker 4>So China, Japan, and South Korea have said that they're

0:32:57.560 --> 0:32:59.640
<v Speaker 4>going to come up with some kind of joint response

0:32:59.680 --> 0:33:00.840
<v Speaker 4>to whatever or Trump does.

0:33:01.200 --> 0:33:03.960
<v Speaker 1>Right, This is huge, right because China does not play

0:33:03.960 --> 0:33:04.800
<v Speaker 1>well with others.

0:33:05.240 --> 0:33:07.600
<v Speaker 4>It goes back and forth, right, so you know, it

0:33:07.680 --> 0:33:12.080
<v Speaker 4>will have you know, specific countries in its doghouse, and

0:33:12.560 --> 0:33:15.440
<v Speaker 4>Japan and South Korea have been there before. And then

0:33:15.480 --> 0:33:17.520
<v Speaker 4>it also will, you know, at times to sort of

0:33:17.560 --> 0:33:19.280
<v Speaker 4>try to make nice and try to say that it's

0:33:19.360 --> 0:33:21.360
<v Speaker 4>kind of the grown up in the room and push

0:33:21.440 --> 0:33:25.080
<v Speaker 4>for Pan Asian trade deals. So it is a really

0:33:25.120 --> 0:33:29.040
<v Speaker 4>really interesting response. I wouldn't expect that it would be

0:33:29.120 --> 0:33:32.680
<v Speaker 4>overly substantive in the sense of those three countries coming

0:33:32.680 --> 0:33:35.400
<v Speaker 4>into a very tight trading arrangement. They still have a

0:33:35.400 --> 0:33:38.280
<v Speaker 4>lot of baggage and a lot of friction. But for

0:33:38.360 --> 0:33:41.800
<v Speaker 4>the time being, it's sending a clear message to America

0:33:42.040 --> 0:33:45.560
<v Speaker 4>that if you think you can pick fights individually with

0:33:45.640 --> 0:33:49.840
<v Speaker 4>lots of countries, those countries can actually turn around cooperate

0:33:49.960 --> 0:33:53.840
<v Speaker 4>band together. And therefore, in fact, what the Trump administration

0:33:53.960 --> 0:33:57.160
<v Speaker 4>believes that it has, which is bilateral leverage, if it's

0:33:57.200 --> 0:34:00.960
<v Speaker 4>on a multilateral basis, that leverage begins to dissipate. It's

0:34:01.000 --> 0:34:03.160
<v Speaker 4>tough enough going up against China in a fight, but

0:34:03.160 --> 0:34:05.840
<v Speaker 4>if you're up against China and Japan and South Korea,

0:34:06.000 --> 0:34:08.280
<v Speaker 4>et cetera. You know, it does get a lot harder.

0:34:08.320 --> 0:34:11.680
<v Speaker 4>America is the world's biggest economy, but it's one fifth

0:34:11.760 --> 0:34:14.840
<v Speaker 4>of you know, global GDP. It's not the majority of

0:34:14.880 --> 0:34:18.240
<v Speaker 4>global GDP. So you know, if it's America alone against

0:34:18.239 --> 0:34:20.479
<v Speaker 4>the rest of the world, that's not a great fight

0:34:20.560 --> 0:34:23.640
<v Speaker 4>to have. So you know that it's a really interesting dynamic.

0:34:23.760 --> 0:34:27.240
<v Speaker 4>More more broadly, lots of countries are looking at ways

0:34:27.280 --> 0:34:30.640
<v Speaker 4>that they can you know, form stronger trade partnerships deep

0:34:30.640 --> 0:34:33.760
<v Speaker 4>in their supply chains and kind of work out trading

0:34:33.880 --> 0:34:37.759
<v Speaker 4>arrangements that don't necessarily involve America.

0:34:37.200 --> 0:34:41.120
<v Speaker 1>Right for sure. So there's another wrinkle to this, which

0:34:41.200 --> 0:34:45.600
<v Speaker 1>Congress had more power on tariffs and they signed it

0:34:45.760 --> 0:34:51.680
<v Speaker 1>away with the CR. So Continuing Resolution had to stop

0:34:51.719 --> 0:34:56.600
<v Speaker 1>the government from defaulting on, you know and shutting down.

0:34:57.120 --> 0:35:01.480
<v Speaker 1>Trump sort of snuck in the CR more power for tariffs.

0:35:01.800 --> 0:35:04.400
<v Speaker 1>Talk to us about that, because that sets the stage

0:35:04.440 --> 0:35:06.759
<v Speaker 1>for this fuck or a. In another way, the.

0:35:06.840 --> 0:35:10.640
<v Speaker 4>Sieur itself is not I would say over the significant

0:35:10.640 --> 0:35:12.960
<v Speaker 4>in this. I think the bigger issue is that just

0:35:13.120 --> 0:35:17.799
<v Speaker 4>over the decades, Congress has signed away its authority over

0:35:17.920 --> 0:35:21.520
<v Speaker 4>tariffs to the White House. They've seeded their authority. So

0:35:21.560 --> 0:35:24.040
<v Speaker 4>there's been a series of acts that have been passed

0:35:24.400 --> 0:35:28.720
<v Speaker 4>that although theoretically Congress is responsible for regulating foreign trade,

0:35:29.080 --> 0:35:32.319
<v Speaker 4>in fact the White House has a great degree of

0:35:32.520 --> 0:35:36.320
<v Speaker 4>discretion over what it wants to do with raising tariffs.

0:35:36.560 --> 0:35:38.200
<v Speaker 4>So you know, you can go back to the nineteen

0:35:38.280 --> 0:35:42.959
<v Speaker 4>seventies to the International Economic Emergency Protection Act IIPA, which

0:35:43.000 --> 0:35:46.000
<v Speaker 4>is what the Trump administration has used as its justification

0:35:46.480 --> 0:35:49.400
<v Speaker 4>for its tariffs so far. You also, in the American

0:35:49.480 --> 0:35:52.399
<v Speaker 4>Trade Act have sections two thirty two and three ZHO one,

0:35:52.400 --> 0:35:55.600
<v Speaker 4>which allow the White House to conduct, you know, investigations

0:35:55.600 --> 0:35:58.719
<v Speaker 4>that then allow the president to enforce tariffs, which is

0:35:58.719 --> 0:36:01.960
<v Speaker 4>what Trump used as the justification for tariffs in his

0:36:02.040 --> 0:36:06.120
<v Speaker 4>first administration. So you know, over the decades, Congress has

0:36:06.280 --> 0:36:08.960
<v Speaker 4>has vested a lot of authority over tariffs in the

0:36:08.960 --> 0:36:11.440
<v Speaker 4>White House. At the moment, you know, there's simply is

0:36:11.680 --> 0:36:14.400
<v Speaker 4>you know, no willingness, no spine to bring that back.

0:36:14.480 --> 0:36:14.640
<v Speaker 3>You know.

0:36:14.680 --> 0:36:16.600
<v Speaker 4>I think one of the interesting dynamics that we might

0:36:16.640 --> 0:36:21.560
<v Speaker 4>see actually is that when we get the push to

0:36:21.680 --> 0:36:25.360
<v Speaker 4>renew the TCGA later on this year, plus whatever extra

0:36:25.400 --> 0:36:28.560
<v Speaker 4>tax cuts Trump wants to make, you may well actually

0:36:28.600 --> 0:36:32.239
<v Speaker 4>have Congress legislating signing some of these terriffs into law,

0:36:32.560 --> 0:36:34.840
<v Speaker 4>because in order to use them as a way to

0:36:34.920 --> 0:36:38.040
<v Speaker 4>basically pay for some of the tax cuts, it can't

0:36:38.080 --> 0:36:40.600
<v Speaker 4>just be done something that's done unilaterally by the White House.

0:36:40.800 --> 0:36:43.719
<v Speaker 4>It's actually got to be passed by Congress. So we

0:36:43.760 --> 0:36:46.720
<v Speaker 4>could actually see a situation where Trump takes the lead

0:36:46.800 --> 0:36:50.320
<v Speaker 4>and implementing these tariffs, but then ultimately actually Congress begins

0:36:50.360 --> 0:36:53.400
<v Speaker 4>to legislate them later on this year as part of

0:36:53.400 --> 0:36:54.480
<v Speaker 4>the reconciliation.

0:36:55.000 --> 0:36:59.600
<v Speaker 1>The markets don't love tariffs. They don't love and uncertainty.

0:36:59.840 --> 0:37:05.319
<v Speaker 1>We've certainly seen some investment banks change their forecasts for

0:37:05.440 --> 0:37:10.440
<v Speaker 1>the quarter, for the year, writing up some possibility, you know,

0:37:10.480 --> 0:37:13.440
<v Speaker 1>I saw I think Goldman increased to a thirty thirty

0:37:13.480 --> 0:37:16.680
<v Speaker 1>five percent possibility for you know, some kind of contraction.

0:37:17.160 --> 0:37:22.160
<v Speaker 1>What are the broader implications of these haphazard tariffs.

0:37:21.960 --> 0:37:24.600
<v Speaker 4>So short term? You know, again, you're absolutely right that

0:37:24.760 --> 0:37:27.600
<v Speaker 4>you know, market does not like tariffs. We've we've seen

0:37:28.200 --> 0:37:30.960
<v Speaker 4>the stock market has been weak, it's basically erased all

0:37:31.000 --> 0:37:34.160
<v Speaker 4>of its post election gains. When you know, investors have

0:37:34.160 --> 0:37:37.200
<v Speaker 4>been much more optimistic about you know, trumpy and deregulation

0:37:37.360 --> 0:37:39.759
<v Speaker 4>and how that might just growth, et cetera. Even now,

0:37:39.800 --> 0:37:41.400
<v Speaker 4>in the in the space of kind of two months,

0:37:41.640 --> 0:37:43.640
<v Speaker 4>had all of that wiped out, you know, trillions of

0:37:43.680 --> 0:37:47.359
<v Speaker 4>dollars of capital gains gone investment banks and not just

0:37:47.400 --> 0:37:51.319
<v Speaker 4>investment banks. You know, economists and researchers in general have

0:37:51.480 --> 0:37:55.200
<v Speaker 4>been marking down their short term forecasts for the US economy.

0:37:55.520 --> 0:37:57.040
<v Speaker 4>You know, the belief is that there's just so much

0:37:57.120 --> 0:37:59.960
<v Speaker 4>uncertainty right now. It's you know, we've seen that weighing

0:38:00.120 --> 0:38:03.839
<v Speaker 4>quite dramatically on consumer sentiment. Consumers aren't spending money, are

0:38:03.920 --> 0:38:07.120
<v Speaker 4>much more worried about about economic prospects and are holding back.

0:38:07.160 --> 0:38:09.399
<v Speaker 4>And equally, a lot of businesses are you know, they're

0:38:09.440 --> 0:38:11.879
<v Speaker 4>just in limbo right now. They don't quite know what

0:38:11.960 --> 0:38:14.160
<v Speaker 4>to do because they don't know what policy is going

0:38:14.200 --> 0:38:17.880
<v Speaker 4>to look like tomorrow, much less next month. That's a negative,

0:38:17.960 --> 0:38:19.960
<v Speaker 4>you know, a big negative for the short term. It's

0:38:19.960 --> 0:38:23.920
<v Speaker 4>not just tariffs. You know, also the Elon musk Doge

0:38:23.960 --> 0:38:27.520
<v Speaker 4>cutbacks in the civil service and what that might mean

0:38:27.560 --> 0:38:30.200
<v Speaker 4>for kind of the broader employment picture and the delivery

0:38:30.200 --> 0:38:33.800
<v Speaker 4>of public services. That's a that's also a big concern.

0:38:34.360 --> 0:38:37.200
<v Speaker 4>The immigration crackdown and how that goes and what that

0:38:37.239 --> 0:38:39.680
<v Speaker 4>means for the labor market. That's another concern as well.

0:38:39.719 --> 0:38:43.480
<v Speaker 4>So all those things are kind of feeding into short

0:38:43.560 --> 0:38:47.120
<v Speaker 4>term concern about the state of the economy in twenty

0:38:47.160 --> 0:38:52.040
<v Speaker 4>twenty five and therefore increased possibilities of a recession. And

0:38:52.400 --> 0:38:54.920
<v Speaker 4>you know, that's still not the kind of the dominant assumption,

0:38:54.960 --> 0:38:57.040
<v Speaker 4>as you said, you know, Goldman is talking about thirty

0:38:57.080 --> 0:38:59.279
<v Speaker 4>or thirty five percent, but that's you know, that's up

0:38:59.360 --> 0:39:02.400
<v Speaker 4>dramatically from a couple months ago. And and you know,

0:39:02.400 --> 0:39:06.520
<v Speaker 4>as many economists would say, Trump inherited an incredibly strong economy.

0:39:06.960 --> 0:39:09.720
<v Speaker 4>At the tail end of the Biden administration, growth meantum

0:39:09.800 --> 0:39:13.160
<v Speaker 4>was was robust, inflation was coming down. If you just

0:39:13.200 --> 0:39:15.719
<v Speaker 4>basically sat on those hands and not done much of anything,

0:39:16.200 --> 0:39:18.040
<v Speaker 4>you know, growth would have slowed a little bit, but

0:39:18.080 --> 0:39:20.880
<v Speaker 4>we would not be talking about the possibility of recession. So,

0:39:21.280 --> 0:39:23.560
<v Speaker 4>you know, just looking at the short term this is

0:39:23.600 --> 0:39:26.880
<v Speaker 4>not a good picture. Longer term, this is also not

0:39:26.960 --> 0:39:30.040
<v Speaker 4>good for the economy.

0:39:30.680 --> 0:39:33.000
<v Speaker 1>It's nice that is it shorter term and then longer

0:39:33.080 --> 0:39:33.560
<v Speaker 1>term go on.

0:39:33.760 --> 0:39:36.480
<v Speaker 4>I mean, this is also not good because you've got

0:39:36.560 --> 0:39:40.560
<v Speaker 4>an economy that is you know, optimized for global production

0:39:40.800 --> 0:39:44.480
<v Speaker 4>where you have you know, innovation and investment that is

0:39:44.520 --> 0:39:48.560
<v Speaker 4>pouring into kind of the highest value added segments of

0:39:48.600 --> 0:39:50.880
<v Speaker 4>the economy that you can imagine. You think about the

0:39:50.960 --> 0:39:53.560
<v Speaker 4>last five years, and you know, in the business world

0:39:53.600 --> 0:39:55.840
<v Speaker 4>and now kind of in the broader world. You know,

0:39:55.880 --> 0:39:57.600
<v Speaker 4>the biggest thing that people have been talking about is

0:39:57.640 --> 0:40:00.439
<v Speaker 4>the rise of AI. Well, America is the world leader

0:40:00.440 --> 0:40:02.800
<v Speaker 4>in AI because you know, it's been able to attract

0:40:02.800 --> 0:40:05.960
<v Speaker 4>the world's best researchers and it's got the world's best

0:40:06.000 --> 0:40:08.919
<v Speaker 4>you know comp side labs and companies that are really

0:40:08.960 --> 0:40:11.800
<v Speaker 4>kind of pushing the envelope. And the reason that happens

0:40:11.880 --> 0:40:14.040
<v Speaker 4>is that you have an economy that's able to allocate

0:40:14.200 --> 0:40:18.600
<v Speaker 4>talent and resources and money to cutting edge research and innovation.

0:40:18.920 --> 0:40:20.799
<v Speaker 4>What Trump is trying to do is to try to

0:40:21.320 --> 0:40:26.520
<v Speaker 4>re energize manufacturing in America, which it sounds good, sounds

0:40:26.560 --> 0:40:30.640
<v Speaker 4>like something that's worthy and notable. You have JD Vance

0:40:30.719 --> 0:40:33.680
<v Speaker 4>coming out and saying a million cheap toaster ovens from

0:40:33.719 --> 0:40:35.759
<v Speaker 4>around the world are not worth it if it comes

0:40:35.800 --> 0:40:39.000
<v Speaker 4>at the cost of one single manufacturing job. But what

0:40:39.040 --> 0:40:42.200
<v Speaker 4>they're actually talking about therefore with tariffs is you know,

0:40:42.520 --> 0:40:46.880
<v Speaker 4>bringing back manufacturing of things like toaster ovens, erecting protective

0:40:46.960 --> 0:40:48.920
<v Speaker 4>tariff barriers that are not going to be good for

0:40:48.960 --> 0:40:51.600
<v Speaker 4>the competitiveness of the US economy, are not going to

0:40:51.640 --> 0:40:54.479
<v Speaker 4>be good for innovation, and ultimately are going to bring

0:40:54.600 --> 0:40:59.480
<v Speaker 4>resources and talent and money away from the most competitive,

0:40:59.520 --> 0:41:03.000
<v Speaker 4>most advance sectors and putting them towards things that that

0:41:03.080 --> 0:41:07.000
<v Speaker 4>really you know, America, an economy as wealthy and developed

0:41:07.000 --> 0:41:09.920
<v Speaker 4>as America, is not in the business of producing. So

0:41:09.920 --> 0:41:13.400
<v Speaker 4>it's a really really retrograde step. Once you put the

0:41:13.440 --> 0:41:16.200
<v Speaker 4>tariffs in place, they're really really hard to get rid of.

0:41:17.440 --> 0:41:20.399
<v Speaker 1>Why that's interesting, I haven't I mean, I know it's true,

0:41:20.440 --> 0:41:21.680
<v Speaker 1>but I don't understand why.

0:41:21.800 --> 0:41:23.440
<v Speaker 4>So I mean, I guess think about it this way.

0:41:23.440 --> 0:41:25.960
<v Speaker 4>If you think about the auto sector, You've got some

0:41:26.080 --> 0:41:30.640
<v Speaker 4>American car companies that are good and that produce good vehicles,

0:41:31.040 --> 0:41:36.120
<v Speaker 4>but that rely on inputs that come from Mexico, Canada, China,

0:41:36.640 --> 0:41:38.960
<v Speaker 4>et cetera. And ultimately they're trying to produce a car

0:41:39.080 --> 0:41:41.719
<v Speaker 4>that is competitive against the rest of the world because

0:41:41.719 --> 0:41:43.319
<v Speaker 4>the rest of the world can send their cars to

0:41:43.360 --> 0:41:46.480
<v Speaker 4>America as well. It pushes the Big Three in Detroit

0:41:46.640 --> 0:41:49.160
<v Speaker 4>and all of the up and coming ev companies to

0:41:49.239 --> 0:41:51.759
<v Speaker 4>make better and better cars. Well, as soon as you

0:41:51.800 --> 0:41:54.520
<v Speaker 4>put tariffs in place, especially you know the big tirists

0:41:54.520 --> 0:41:56.480
<v Speaker 4>they've put in place on the auto sector of twenty

0:41:56.480 --> 0:41:59.680
<v Speaker 4>five percent American car companies. Car companies based in America

0:41:59.719 --> 0:42:01.880
<v Speaker 4>aren't You're not going to have to compete against cars

0:42:01.880 --> 0:42:05.680
<v Speaker 4>that are being shipped from Japan, or Germany or Canada

0:42:05.840 --> 0:42:08.080
<v Speaker 4>or you know, or god forbid, China. They're going to

0:42:08.120 --> 0:42:10.600
<v Speaker 4>be protected in their own little sandbox here, which means

0:42:10.600 --> 0:42:13.680
<v Speaker 4>that prices will go up for American consumers and those

0:42:13.719 --> 0:42:16.799
<v Speaker 4>car companies no longer will need to deal with kind

0:42:16.800 --> 0:42:20.200
<v Speaker 4>of the specter of global competition. So you'll get higher

0:42:20.239 --> 0:42:23.719
<v Speaker 4>priced cars that are actually going to be an inferior product.

0:42:24.320 --> 0:42:26.920
<v Speaker 4>And you know what happens after kind of a decade

0:42:26.920 --> 0:42:30.120
<v Speaker 4>of that kind of production. If you're GM or four

0:42:30.680 --> 0:42:33.600
<v Speaker 4>and you're kind of thriving behind this tariff wall, and

0:42:33.640 --> 0:42:36.319
<v Speaker 4>you know that your product is less good and more

0:42:36.360 --> 0:42:39.640
<v Speaker 4>expensive than global cars, you will have a very very

0:42:39.680 --> 0:42:42.440
<v Speaker 4>strong lobby in place saying do not get rid of

0:42:42.520 --> 0:42:45.480
<v Speaker 4>these tariffs, because if you do, you really are going

0:42:45.560 --> 0:42:49.080
<v Speaker 4>to kill manufacturing jobs because they're now dependent on this

0:42:49.160 --> 0:42:53.560
<v Speaker 4>protection being in place, so you effectively create this consumer

0:42:53.640 --> 0:42:57.600
<v Speaker 4>subsidy for concentrated manufacturing. You know, that's just not a

0:42:57.600 --> 0:43:00.719
<v Speaker 4>healthy thing for the economy. It's why for a century

0:43:00.800 --> 0:43:04.320
<v Speaker 4>the focus of global trade negotiations was on kind of

0:43:04.480 --> 0:43:08.960
<v Speaker 4>mutual disarmament. You lower your tariffs, we lower ours. This

0:43:09.040 --> 0:43:11.359
<v Speaker 4>is good for our companies, good for our consumers, good

0:43:11.400 --> 0:43:12.200
<v Speaker 4>for our economy.

0:43:12.520 --> 0:43:15.080
<v Speaker 1>Yeah, thank you so much, Simon.

0:43:15.040 --> 0:43:22.600
<v Speaker 3>Thank you, Molly. I appreciate it more perfectly, Jesse Cannon.

0:43:23.320 --> 0:43:26.799
<v Speaker 2>So, Molly, I don't be de laughed because there is

0:43:26.840 --> 0:43:30.320
<v Speaker 2>a victim of this crib. But one of the most

0:43:30.360 --> 0:43:34.279
<v Speaker 2>insane things about once you start doing authoritarian shit, it

0:43:34.320 --> 0:43:36.799
<v Speaker 2>gets real dumb, real fast. And we have a Republican

0:43:36.880 --> 0:43:39.240
<v Speaker 2>calling ice on a GOP rivals farm.

0:43:39.640 --> 0:43:43.680
<v Speaker 1>Yes, it is shocking to know that these people are

0:43:43.760 --> 0:43:48.080
<v Speaker 1>also very importantly hypocrites. So an Idaho Republican has accused

0:43:48.120 --> 0:43:50.600
<v Speaker 1>a GOP rival of harassment and an op ed after

0:43:50.760 --> 0:43:54.720
<v Speaker 1>he reported her farm to ICE. In January, Ryan Spoon,

0:43:54.880 --> 0:43:58.279
<v Speaker 1>vice chairf's the Republican Party of Ada County, publicly called

0:43:58.320 --> 0:44:03.480
<v Speaker 1>for immigration rates on state Representative Stephanie mckinlan's farm, accusing

0:44:03.520 --> 0:44:07.880
<v Speaker 1>her of employing undocumented immigrants. I'm curious what would happen

0:44:08.160 --> 0:44:11.920
<v Speaker 1>if you did that at mar A Lago. This, my friends,

0:44:12.320 --> 0:44:16.319
<v Speaker 1>is what will be one of the many moments of

0:44:16.440 --> 0:44:21.440
<v Speaker 1>fuckery in an administration and a Republican party deeply in

0:44:21.600 --> 0:44:27.080
<v Speaker 1>trench in fuckery. That's it for this episode of Fast Politics.

0:44:27.560 --> 0:44:33.279
<v Speaker 1>Tune in every Monday, Wednesday, Thursday and Saturday to hear

0:44:33.560 --> 0:44:37.960
<v Speaker 1>the best minds and politics make sense of all this chaos.

0:44:38.200 --> 0:44:41.040
<v Speaker 1>If you enjoy this podcast, please send it to a

0:44:41.120 --> 0:44:45.120
<v Speaker 1>friend and keep the conversation going. Thanks for listening.