1
00:00:00,680 --> 00:00:04,160
Speaker 1: Hi, I'm Molly John Fast and this is Fast Politics,

2
00:00:04,400 --> 00:00:07,160
Speaker 1: where we discussed the top political headlines with some of

3
00:00:07,200 --> 00:00:08,559
Speaker 1: today's best minds.

4
00:00:08,800 --> 00:00:10,160
Speaker 2: And Donald Trump said.

5
00:00:10,000 --> 00:00:13,680
Speaker 1: Today, I suspect I won't be running again unless you

6
00:00:13,800 --> 00:00:17,520
Speaker 1: say he's so good, we have to figure something else out.

7
00:00:17,880 --> 00:00:19,360
Speaker 2: I don't know. I'm with that words.

8
00:00:19,440 --> 00:00:21,400
Speaker 1: We have such a great show for you today on

9
00:00:21,560 --> 00:00:26,880
Speaker 1: the tapes Dan Nathan who talked about inflation, the economy

10
00:00:26,960 --> 00:00:29,880
Speaker 1: that Trump is about to inherit, and all that other

11
00:00:29,920 --> 00:00:34,800
Speaker 1: good stuff. Then we'll talk to Georgetown Law Schools Stephen

12
00:00:34,880 --> 00:00:39,639
Speaker 1: Vladik about how the courts can protect Americans if we

13
00:00:39,760 --> 00:00:40,840
Speaker 1: use them that way.

14
00:00:41,000 --> 00:00:42,280
Speaker 2: But first the news.

15
00:00:42,840 --> 00:00:48,400
Speaker 3: So, Molly, we got a barrage, a veritable cornucopia of

16
00:00:48,479 --> 00:00:51,680
Speaker 3: the weirdest political appointments in presidential history. What do you

17
00:00:51,720 --> 00:00:52,120
Speaker 3: see here?

18
00:00:52,440 --> 00:00:54,080
Speaker 2: Speak for yourself, man.

19
00:00:55,280 --> 00:00:57,200
Speaker 3: What have you seen to the Nine blood Sjungger the

20
00:00:57,240 --> 00:00:58,480
Speaker 3: b are Yes?

21
00:00:58,520 --> 00:00:59,000
Speaker 2: That's right.

22
00:00:59,360 --> 00:01:03,040
Speaker 1: Center for Publicans just found out that Donald Trump is

23
00:01:03,080 --> 00:01:07,520
Speaker 1: planning to nominate Representative Matt Gates of Florida for Attorney general.

24
00:01:07,680 --> 00:01:10,040
Speaker 2: I just want to say one thing here. I don't know.

25
00:01:10,680 --> 00:01:16,520
Speaker 1: Perhaps Republicans will grow a spine and do real confirmation hearings,

26
00:01:16,640 --> 00:01:18,840
Speaker 1: and then we'll see if he can make it to

27
00:01:18,880 --> 00:01:23,000
Speaker 1: ag I'll just tell you, Senator Jony Ernst told The

28
00:01:23,000 --> 00:01:25,800
Speaker 1: New York Times He's really got his work cut out

29
00:01:25,880 --> 00:01:31,319
Speaker 1: for him, chuckling as she spoke. Senator John Cornyn from

30
00:01:31,360 --> 00:01:35,320
Speaker 1: the Great State of Texas raised his eyebrows when reporters

31
00:01:35,360 --> 00:01:39,320
Speaker 1: informed him of mister Trump's choice, and then said, I'm

32
00:01:39,319 --> 00:01:43,560
Speaker 1: still trying to absorb all this, adding I really don't

33
00:01:43,640 --> 00:01:46,200
Speaker 1: know him other than his public persona.

34
00:01:46,480 --> 00:01:47,840
Speaker 2: Now you'll remember Matt.

35
00:01:47,720 --> 00:01:50,200
Speaker 1: Gates, who's just been re elected to his fifth term,

36
00:01:50,480 --> 00:01:55,040
Speaker 1: remains under an ethics investigation. You'll remember that he went

37
00:01:55,080 --> 00:01:59,160
Speaker 1: to war with Kevin McCarthy because he blamed Kevin McCarthy

38
00:01:59,440 --> 00:02:03,640
Speaker 1: for that ethics investigation. Then he did a motion to vacate,

39
00:02:03,960 --> 00:02:08,120
Speaker 1: and Kevin McCarthy lost the speakership this conduct. This ethics

40
00:02:08,200 --> 00:02:13,760
Speaker 1: investigation included allegations of sexual misconduct, illicit drug use as

41
00:02:13,800 --> 00:02:18,280
Speaker 1: opposed to non illistit drug use, sharing inappropriate images or

42
00:02:18,360 --> 00:02:19,800
Speaker 1: videos on the House floor.

43
00:02:20,080 --> 00:02:21,639
Speaker 2: Imagine how bad they have to be.

44
00:02:21,680 --> 00:02:25,120
Speaker 1: To be deemed inappropriate on the House floor, mis Using

45
00:02:25,240 --> 00:02:31,800
Speaker 1: state identification records okay, converting campaign funds to personal use,

46
00:02:32,360 --> 00:02:39,120
Speaker 1: and accepting impermissible gifts under house rules. Mister Gates has

47
00:02:39,360 --> 00:02:43,200
Speaker 1: denied the allegations as political payback and says they are

48
00:02:43,240 --> 00:02:46,359
Speaker 1: built on lies. That is the person that Donald Trump

49
00:02:46,440 --> 00:02:49,680
Speaker 1: wants to be the Attorney general.

50
00:02:50,000 --> 00:02:52,639
Speaker 3: Fun stuff, and then what's great is it gets worse

51
00:02:52,760 --> 00:02:55,760
Speaker 3: with Fox News host Pete Hegsith, who's going to be

52
00:02:55,800 --> 00:02:58,840
Speaker 3: the Defense Secretary, which I know some people thought it

53
00:02:58,880 --> 00:03:01,560
Speaker 3: was going to be Mike Roda, who Matt Gates almost

54
00:03:01,639 --> 00:03:03,760
Speaker 3: had a fistfight with on the congressional flour So I'm

55
00:03:03,760 --> 00:03:06,040
Speaker 3: glad to see maybe their fistfight won't spill it into

56
00:03:06,080 --> 00:03:06,880
Speaker 3: the White House.

57
00:03:07,080 --> 00:03:10,919
Speaker 1: Pete heg Sith hosts the weekend show on Fox Fronts Okay,

58
00:03:11,000 --> 00:03:15,040
Speaker 1: Fox and Friends Weekend, not the first tier Fox and Friends,

59
00:03:15,080 --> 00:03:17,920
Speaker 1: but the weekend show. It's a good friend of Donald Trump's,

60
00:03:17,919 --> 00:03:21,640
Speaker 1: which is basically the main quality that's looked for in

61
00:03:21,720 --> 00:03:26,000
Speaker 1: these government jobs. He is basically most famous for having

62
00:03:26,160 --> 00:03:31,679
Speaker 1: been in the military. And also, and this is where

63
00:03:31,720 --> 00:03:34,840
Speaker 1: it gets really interesting, he said that he has not

64
00:03:35,040 --> 00:03:39,400
Speaker 1: washed his hands for ten years because quote, germs are

65
00:03:39,440 --> 00:03:42,160
Speaker 1: not a real thing. Speaking of Fox and Friends, heg

66
00:03:42,200 --> 00:03:47,360
Speaker 1: Sith said the infectious micro organisms do not exist because

67
00:03:47,400 --> 00:03:49,440
Speaker 1: they could not be seen with the naked eye.

68
00:03:49,480 --> 00:03:51,360
Speaker 2: I inoculate myself.

69
00:03:51,720 --> 00:03:55,120
Speaker 1: This is a person who went to both Harvard and

70
00:03:55,160 --> 00:04:01,000
Speaker 1: Princeton and ladies and gentlemen. He is now going theoretically

71
00:04:01,320 --> 00:04:03,320
Speaker 1: to lead the Department of Defense.

72
00:04:03,600 --> 00:04:06,240
Speaker 3: There's a lot of interesting reactions to this. I might

73
00:04:06,280 --> 00:04:07,120
Speaker 3: add inside the.

74
00:04:07,280 --> 00:04:11,760
Speaker 1: Pentagon, there is no serious experience in the business of

75
00:04:11,840 --> 00:04:16,400
Speaker 1: running the Pentagon or the National Security staff process. But

76
00:04:17,000 --> 00:04:19,840
Speaker 1: I'm trying to retain an open mind and hope that

77
00:04:20,000 --> 00:04:23,560
Speaker 1: fresh ideas. There is no serious experience there's I think

78
00:04:23,640 --> 00:04:26,440
Speaker 1: he means he has no serious experience in the business

79
00:04:26,480 --> 00:04:29,240
Speaker 1: of running the Pentagon or the national security process. But

80
00:04:29,279 --> 00:04:32,080
Speaker 1: I'm trying to retain an open mind and hope that

81
00:04:32,279 --> 00:04:36,440
Speaker 1: fresh ideas could improve things that get pretty stale or retired.

82
00:04:36,480 --> 00:04:39,800
Speaker 1: For star General told CNN that said the common denominator

83
00:04:39,880 --> 00:04:45,000
Speaker 1: is clearly loyalty, and while some loyalty is essential, slavish

84
00:04:45,040 --> 00:04:46,520
Speaker 1: fealty is dangerous.

85
00:04:46,839 --> 00:04:47,320
Speaker 2: I don't know.

86
00:04:47,560 --> 00:04:50,679
Speaker 1: We should just be happy that Judge Piro is not

87
00:04:50,839 --> 00:04:51,840
Speaker 1: the Attorney General.

88
00:04:52,760 --> 00:04:56,520
Speaker 3: The thing we talked about last episode that's so baffling

89
00:04:56,520 --> 00:04:58,159
Speaker 3: to me is they're going to have such a small

90
00:04:58,360 --> 00:05:02,080
Speaker 3: congressional majority and yet Gates is another one that they're

91
00:05:02,080 --> 00:05:04,520
Speaker 3: throwing away the numbers on and at least for a

92
00:05:04,520 --> 00:05:05,120
Speaker 3: few months.

93
00:05:05,360 --> 00:05:07,800
Speaker 1: Speak for yourself, man, I think they're going to have

94
00:05:07,880 --> 00:05:10,680
Speaker 1: I think it'll be six members of Congress that they

95
00:05:10,720 --> 00:05:13,920
Speaker 1: will put in the Trump admin. So either somebody can't

96
00:05:13,960 --> 00:05:16,480
Speaker 1: do math, or they have some plan to fill those

97
00:05:16,480 --> 00:05:18,320
Speaker 1: appointments very very quickly.

98
00:05:18,760 --> 00:05:22,600
Speaker 3: I mean not happening with the least the Phonic seat.

99
00:05:22,680 --> 00:05:26,680
Speaker 1: Lee Zelden is not in Congress anymore, but Stephonic.

100
00:05:27,040 --> 00:05:29,400
Speaker 2: There are a bunch of backbenchers and then.

101
00:05:29,320 --> 00:05:33,040
Speaker 3: Macate molly so also he has appointed Tulci Gabbert as

102
00:05:33,160 --> 00:05:34,000
Speaker 3: head of D and I.

103
00:05:34,240 --> 00:05:35,520
Speaker 2: Yeah, Tulsi Gabert.

104
00:05:35,600 --> 00:05:39,200
Speaker 1: Tolsi Gabert is most famous for I don't know, it's

105
00:05:39,240 --> 00:05:42,760
Speaker 1: hard to talk about this because it's so insane. And again,

106
00:05:43,440 --> 00:05:46,159
Speaker 1: like I know, I've said this before, but this is

107
00:05:46,279 --> 00:05:49,159
Speaker 1: none of this is normal, right, None of this is normal.

108
00:05:49,200 --> 00:05:52,320
Speaker 1: Tulci Gabert, she was a member of Congress. She's basically

109
00:05:52,400 --> 00:05:54,560
Speaker 1: most famous for supporting Trump.

110
00:05:54,720 --> 00:05:57,120
Speaker 3: What are you talking about? She was Tucker Carlson's fill

111
00:05:57,200 --> 00:05:59,200
Speaker 3: in for years, right.

112
00:05:58,920 --> 00:06:01,279
Speaker 1: And I just want to to you a little bit

113
00:06:01,320 --> 00:06:04,160
Speaker 1: from the New York Times The news of missus Gabbard's

114
00:06:04,200 --> 00:06:08,520
Speaker 1: appointment was first revealed by Roger Stone on his ex account.

115
00:06:08,800 --> 00:06:12,160
Speaker 1: Mister Stone, a longtime friend advisor to mister Trump who

116
00:06:12,320 --> 00:06:15,680
Speaker 1: was pardoned by the president in toy twenty posted this

117
00:06:15,760 --> 00:06:19,159
Speaker 1: statement about miss Gabbard and said mister Trump had just

118
00:06:19,240 --> 00:06:22,360
Speaker 1: sent it to him. None of this is normal. This

119
00:06:22,560 --> 00:06:25,080
Speaker 1: is not how any of this is supposed to go.

120
00:06:25,560 --> 00:06:28,960
Speaker 1: This is not how supposed to pick the Department of

121
00:06:29,160 --> 00:06:33,000
Speaker 1: National Intelligence the head of that. There are many, many,

122
00:06:33,080 --> 00:06:39,880
Speaker 1: many government agencies, hardworking, nonpartisan actors who are going to

123
00:06:40,080 --> 00:06:43,919
Speaker 1: serve at the pleasure of missus Gabbard. She would oversee

124
00:06:43,960 --> 00:06:47,320
Speaker 1: eighteen spy agencies and would be responsible for preparing the

125
00:06:47,360 --> 00:06:51,160
Speaker 1: president's daily beef. The one good part about this is

126
00:06:51,200 --> 00:06:52,599
Speaker 1: that there's no way.

127
00:06:52,440 --> 00:06:55,680
Speaker 2: That Donald Trump drops the PDB, so you can put

128
00:06:55,720 --> 00:06:57,560
Speaker 2: whatever you want in there and no one would care.

129
00:07:02,240 --> 00:07:05,080
Speaker 1: Dan Nathan is the host of the On the Tape

130
00:07:05,200 --> 00:07:10,160
Speaker 1: podcast and a c NBC Fast Money contributor. Welcome Back,

131
00:07:10,280 --> 00:07:12,880
Speaker 1: Too Fast Politics, Dan Nathan.

132
00:07:13,000 --> 00:07:15,160
Speaker 4: Molly John Fast. Great to be back with you.

133
00:07:15,160 --> 00:07:16,600
Speaker 2: You know who's wrong about the election?

134
00:07:17,120 --> 00:07:17,560
Speaker 4: Everyone?

135
00:07:17,720 --> 00:07:17,760
Speaker 1: Me?

136
00:07:18,240 --> 00:07:18,680
Speaker 2: Now me.

137
00:07:19,200 --> 00:07:21,920
Speaker 1: I can't speak for everyone. I can only speak for me.

138
00:07:22,120 --> 00:07:22,880
Speaker 1: And I was wrong.

139
00:07:23,000 --> 00:07:26,160
Speaker 4: Listen, everyone was wrong about everything. And you know who

140
00:07:26,240 --> 00:07:29,040
Speaker 4: else was I think wrong again? I think the Trump administrator,

141
00:07:29,160 --> 00:07:32,000
Speaker 4: the Trump campaign was very surprised that they won again.

142
00:07:32,040 --> 00:07:34,080
Speaker 4: And so if you think about your life over the

143
00:07:34,120 --> 00:07:36,800
Speaker 4: last eight years or so, the one thing that you're

144
00:07:36,880 --> 00:07:40,200
Speaker 4: routinely wrong about is Donald J. Trump. Let's just be

145
00:07:40,360 --> 00:07:41,160
Speaker 4: very clear about that.

146
00:07:41,440 --> 00:07:41,920
Speaker 2: Yeah.

147
00:07:41,960 --> 00:07:44,560
Speaker 1: And actually I wrote this piece about everything I got

148
00:07:44,600 --> 00:07:46,960
Speaker 1: wrong and the thing that I was struck because the

149
00:07:47,000 --> 00:07:50,320
Speaker 1: polls were much closer than we thought. But what's interesting

150
00:07:50,400 --> 00:07:54,880
Speaker 1: to me was that the polls were unable yet again,

151
00:07:55,400 --> 00:07:58,760
Speaker 1: Donald Trump was underestimated by the polls.

152
00:07:59,080 --> 00:08:01,119
Speaker 4: Yeah, but for one reason, And I know that's probably

153
00:08:01,120 --> 00:08:03,160
Speaker 4: why you had me on to talk a little bit about,

154
00:08:03,320 --> 00:08:06,880
Speaker 4: you know, the economy and the like. Here, I mean inflation, inflation, inflation,

155
00:08:07,040 --> 00:08:09,480
Speaker 4: And I think you know, I said this on Stephanie

156
00:08:09,560 --> 00:08:11,520
Speaker 4: Ruhl's show the other night. I mean, and I've been

157
00:08:11,560 --> 00:08:13,440
Speaker 4: saying this for a year. I've said it on your show.

158
00:08:13,720 --> 00:08:17,280
Speaker 4: The sarrogates that the Biden administration had about the economy

159
00:08:17,360 --> 00:08:20,040
Speaker 4: were so bad. If you just think about the progress

160
00:08:20,040 --> 00:08:22,080
Speaker 4: that has been made over the last couple of years

161
00:08:22,080 --> 00:08:24,920
Speaker 4: as it relates to inflation. The CPI was above nine

162
00:08:25,000 --> 00:08:27,640
Speaker 4: percent in the summer of twenty twenty two. It's now

163
00:08:27,720 --> 00:08:32,440
Speaker 4: below three percent. Economic growth GDP is up near three percent.

164
00:08:32,520 --> 00:08:35,920
Speaker 4: That's way above the pre pandemic highs. You know, unemployment

165
00:08:36,080 --> 00:08:38,960
Speaker 4: is down near fifty year lows. You think about that

166
00:08:39,160 --> 00:08:42,199
Speaker 4: combination here. They had a lot of really good things

167
00:08:42,200 --> 00:08:44,920
Speaker 4: to talk about. They just could not break through. They

168
00:08:44,920 --> 00:08:47,280
Speaker 4: did not have the right people discussing. And I'll just

169
00:08:47,320 --> 00:08:49,319
Speaker 4: say one last thing, you know, I heard two weeks

170
00:08:49,320 --> 00:08:52,840
Speaker 4: before the election, Mark Cuban was on a very widely

171
00:08:52,880 --> 00:08:55,040
Speaker 4: listened to podcast, Sam Harris. I don't know if you

172
00:08:55,080 --> 00:08:57,520
Speaker 4: listen to Making Sense, okay, And no one's brought up

173
00:08:57,559 --> 00:08:59,480
Speaker 4: Sam Harris, as they've been spending a lot of time

174
00:08:59,520 --> 00:09:02,120
Speaker 4: talking about out you know, Joe Rogan and what Trump

175
00:09:02,200 --> 00:09:05,880
Speaker 4: did there. He gave a master class on the economy.

176
00:09:05,920 --> 00:09:09,840
Speaker 4: He gave a master class on why inflation was, you know,

177
00:09:09,960 --> 00:09:12,839
Speaker 4: elevated the way it was post one hundred year storm,

178
00:09:12,840 --> 00:09:16,240
Speaker 4: which was the pandemic. You know, broken supply chains, you know,

179
00:09:16,360 --> 00:09:19,360
Speaker 4: super like crazy demand for certain things. And it really

180
00:09:19,440 --> 00:09:23,240
Speaker 4: wasn't in the administration's fault. It's happened globally, and so

181
00:09:23,480 --> 00:09:26,480
Speaker 4: just their inability to articulate that. Why has Mark Cuban

182
00:09:26,520 --> 00:09:28,079
Speaker 4: able to do it in forty five minutes on a

183
00:09:28,120 --> 00:09:31,280
Speaker 4: podcast in a way that nobody in the administration or

184
00:09:31,320 --> 00:09:32,560
Speaker 4: in the Harris campaign could do.

185
00:09:33,480 --> 00:09:37,120
Speaker 1: No, I know, And they didn't even contact him until

186
00:09:37,200 --> 00:09:39,880
Speaker 1: someone put them together with him, but I don't know who.

187
00:09:40,160 --> 00:09:43,199
Speaker 2: And you know, before that, no one had even reached

188
00:09:43,200 --> 00:09:43,640
Speaker 2: out to him.

189
00:09:43,760 --> 00:09:46,120
Speaker 1: I mean, I don't want to Monday Morning quarterback here,

190
00:09:46,480 --> 00:09:48,440
Speaker 1: but I do think if Democrats are going to ever

191
00:09:48,480 --> 00:09:51,920
Speaker 1: win another election, they have to go on everything all

192
00:09:52,000 --> 00:09:52,480
Speaker 1: the time.

193
00:09:52,760 --> 00:09:54,000
Speaker 2: I mean, that's what Trump did.

194
00:09:54,240 --> 00:09:56,480
Speaker 4: This is a good example, though, Molly, and again, you know,

195
00:09:56,520 --> 00:09:58,280
Speaker 4: going back and trying to figure it all out doesn't

196
00:09:58,280 --> 00:10:00,200
Speaker 4: make a lot of sense because folks like you and me,

197
00:10:00,280 --> 00:10:04,400
Speaker 4: we're super confident about what the likely outcome of this was,

198
00:10:04,480 --> 00:10:06,400
Speaker 4: because if you just looked at all the momentum, if

199
00:10:06,400 --> 00:10:08,480
Speaker 4: you looked at just the vibes, and again, I think

200
00:10:08,520 --> 00:10:11,080
Speaker 4: the vibes are really hurting us, you know, in many

201
00:10:11,160 --> 00:10:13,880
Speaker 4: many different ways here and the folks, you know, we're

202
00:10:14,160 --> 00:10:16,640
Speaker 4: so focused on things that had nothing to do with

203
00:10:16,679 --> 00:10:19,240
Speaker 4: the pocketbook of most Americans, and that's the problem. And

204
00:10:19,280 --> 00:10:21,520
Speaker 4: so when I go back and I look at this,

205
00:10:21,679 --> 00:10:23,840
Speaker 4: and you know, from an economic standpoint, I think about

206
00:10:24,000 --> 00:10:26,880
Speaker 4: inflationary pressures and make no mistake about it. You know,

207
00:10:26,920 --> 00:10:31,199
Speaker 4: the cumulative effects of inflation are really hard on working

208
00:10:31,240 --> 00:10:34,280
Speaker 4: class people. I get that. But they never articulated away

209
00:10:34,559 --> 00:10:36,120
Speaker 4: how they were going to prove that. And here's a

210
00:10:36,120 --> 00:10:40,680
Speaker 4: great example. This was policy over politics. Okay, the politics

211
00:10:40,679 --> 00:10:43,640
Speaker 4: of the Harris campaign just didn't get the message across.

212
00:10:43,840 --> 00:10:48,160
Speaker 4: And the policy articulated by the Trump campaign was speaking

213
00:10:48,200 --> 00:10:50,320
Speaker 4: to these people whether they're going to follow through on

214
00:10:50,480 --> 00:10:53,000
Speaker 4: any of it or not. And there's a really great

215
00:10:53,120 --> 00:10:55,160
Speaker 4: argument to be made that if they do follow us

216
00:10:55,160 --> 00:10:58,400
Speaker 4: through on the policy, then it's just going to reignite inflation,

217
00:10:58,720 --> 00:11:01,160
Speaker 4: and it's going to hurt the very people that migrated

218
00:11:01,240 --> 00:11:03,599
Speaker 4: over towards voting for Trump because they wanted help on

219
00:11:03,640 --> 00:11:04,240
Speaker 4: the economy.

220
00:11:04,440 --> 00:11:08,000
Speaker 2: That's right. We don't know how long that'll take, right Well, I.

221
00:11:07,960 --> 00:11:10,040
Speaker 4: Mean, listen, here's one thing that we do know. Like

222
00:11:10,240 --> 00:11:12,760
Speaker 4: promises made, promises kept. That's what they kept on saying.

223
00:11:12,760 --> 00:11:14,680
Speaker 4: All right, Well, they said they're going to hit China

224
00:11:14,720 --> 00:11:17,520
Speaker 4: with some very very stiff tariffs. We already have some

225
00:11:17,559 --> 00:11:20,280
Speaker 4: big tariffs on China right there. You put that on

226
00:11:20,520 --> 00:11:24,080
Speaker 4: exports from China, that just makes it for consumers, for

227
00:11:24,200 --> 00:11:27,000
Speaker 4: manufacturers here, it makes the cost of those goods go

228
00:11:27,160 --> 00:11:30,040
Speaker 4: higher for us, and therefore it's money taken out of

229
00:11:30,080 --> 00:11:32,840
Speaker 4: our pockets. It's not coming out of China and going

230
00:11:32,920 --> 00:11:36,000
Speaker 4: right into our treasury. Right. They've also talked about extending

231
00:11:36,040 --> 00:11:39,120
Speaker 4: the tax cuts you know, from twenty seventeen, that will

232
00:11:39,160 --> 00:11:42,000
Speaker 4: basically go into the rest of this four year period,

233
00:11:42,320 --> 00:11:45,080
Speaker 4: and that is also going to be inflationary, right. And

234
00:11:45,120 --> 00:11:47,920
Speaker 4: then you think about the other thing about mass deportation.

235
00:11:48,320 --> 00:11:50,600
Speaker 4: You take a lot of those workers right out of

236
00:11:50,600 --> 00:11:53,560
Speaker 4: our economy, then you're going to see wages go higher.

237
00:11:53,600 --> 00:11:56,320
Speaker 4: That's going to get embedded in the cost of things,

238
00:11:56,360 --> 00:11:58,880
Speaker 4: the cost of doing business here if you're a manufacturer

239
00:11:58,960 --> 00:12:01,320
Speaker 4: or anything like that, and therefore you're going to have

240
00:12:01,440 --> 00:12:03,720
Speaker 4: major inflationary pressures from those three things.

241
00:12:03,800 --> 00:12:05,040
Speaker 2: Yes, that's right.

242
00:12:05,160 --> 00:12:07,200
Speaker 4: Yeah, And so the knock on effect is also that

243
00:12:07,320 --> 00:12:10,040
Speaker 4: interest rates that started to go down because the economy

244
00:12:10,120 --> 00:12:11,760
Speaker 4: was doing better and the Fed was going to be

245
00:12:11,760 --> 00:12:14,240
Speaker 4: able to normalize interest rates, they're going to go back up.

246
00:12:14,280 --> 00:12:17,400
Speaker 4: The US dollar is at fifty two week highs right now,

247
00:12:17,440 --> 00:12:20,520
Speaker 4: so it's basically going higher because of the threat of

248
00:12:20,840 --> 00:12:23,800
Speaker 4: future inflation. So all the sorts of things that you know,

249
00:12:23,840 --> 00:12:25,920
Speaker 4: Trump ran on about how he was going to fix

250
00:12:25,960 --> 00:12:28,600
Speaker 4: the economy. The economy was just fine. So what's going

251
00:12:28,640 --> 00:12:31,040
Speaker 4: to happen is if he follows through on these policies,

252
00:12:31,280 --> 00:12:33,880
Speaker 4: it's basically going to reignite inflation. It's going to be

253
00:12:33,880 --> 00:12:35,320
Speaker 4: really hard on the working class people.

254
00:12:35,440 --> 00:12:38,120
Speaker 2: Right, But I was told you would fix inflation.

255
00:12:38,559 --> 00:12:40,360
Speaker 4: Well he told you that, right, and so he made

256
00:12:40,360 --> 00:12:43,079
Speaker 4: a lot of promises over the course of his campaign.

257
00:12:43,280 --> 00:12:46,760
Speaker 4: What really frustrates me, Molly, is that Republicans over the

258
00:12:46,840 --> 00:12:50,240
Speaker 4: last twenty years have convinced working class people to routinely

259
00:12:50,320 --> 00:12:54,160
Speaker 4: vote against their best interests. And it's not just economic, right. So, yeah,

260
00:12:54,240 --> 00:12:57,439
Speaker 4: you could say that those those tax custs of twenty seventeen,

261
00:12:57,720 --> 00:12:59,959
Speaker 4: you know, they basically borrowed a trillion a half dollars

262
00:13:00,120 --> 00:13:03,080
Speaker 4: from the future. They gave it to corporations, they gave

263
00:13:03,080 --> 00:13:05,240
Speaker 4: it to very wealthy people. And you know what happened

264
00:13:05,280 --> 00:13:08,280
Speaker 4: with that, corporations bought back their own stock to the

265
00:13:08,360 --> 00:13:10,760
Speaker 4: tune of one and a half trillion dollars over a

266
00:13:10,800 --> 00:13:13,440
Speaker 4: couple of years after those tax cuts went in effect,

267
00:13:13,480 --> 00:13:15,920
Speaker 4: and it's not just you know, economic stuff. I mean,

268
00:13:16,000 --> 00:13:17,800
Speaker 4: just think of the fact that one of the first

269
00:13:17,800 --> 00:13:19,400
Speaker 4: things that Trump wanted to do when he got an

270
00:13:19,440 --> 00:13:23,040
Speaker 4: office in twenty seventeen, he wanted to repeal Obamacare. It

271
00:13:23,120 --> 00:13:26,280
Speaker 4: was one of the most important legislations of the last

272
00:13:26,360 --> 00:13:28,719
Speaker 4: fifty years as it relates to working class people and

273
00:13:28,760 --> 00:13:31,160
Speaker 4: their access to healthcare. They wanted to kill that. Now

274
00:13:31,160 --> 00:13:33,760
Speaker 4: they want to kill student debt relief. Right. They want

275
00:13:33,760 --> 00:13:36,079
Speaker 4: to kill the Department of Education. How do you get

276
00:13:36,120 --> 00:13:38,640
Speaker 4: ahead in the economy if you don't have a proper

277
00:13:39,000 --> 00:13:42,319
Speaker 4: educational sort of structure, right, They want to cut Social Security.

278
00:13:42,480 --> 00:13:44,160
Speaker 4: I mean, the list goes on and on here, and

279
00:13:44,200 --> 00:13:46,280
Speaker 4: I just I don't see how if they follow through

280
00:13:46,280 --> 00:13:48,200
Speaker 4: on any of those promises, how it's going to be

281
00:13:48,200 --> 00:13:49,720
Speaker 4: better for working class people.

282
00:13:50,080 --> 00:13:52,679
Speaker 1: Now, there's no world in which it's better for working

283
00:13:52,679 --> 00:13:54,400
Speaker 1: class people at all.

284
00:13:54,520 --> 00:13:56,320
Speaker 4: Right, And so you know what's going to be a

285
00:13:56,400 --> 00:13:58,920
Speaker 4: voting machine on this is going to be the midterms. Right,

286
00:13:59,000 --> 00:14:02,120
Speaker 4: So if inflation's d high, if middle class or working

287
00:14:02,120 --> 00:14:04,200
Speaker 4: class people don't see the sort of benefits from some

288
00:14:04,240 --> 00:14:05,880
Speaker 4: of the policies that he said he was going to do,

289
00:14:06,240 --> 00:14:08,200
Speaker 4: they're going to have a tough time, especially with that

290
00:14:08,280 --> 00:14:12,400
Speaker 4: narrow lead in the House. Obviously the Senate is increasingly difficult,

291
00:14:12,520 --> 00:14:15,040
Speaker 4: you know, to take back. But again, I just think that,

292
00:14:15,080 --> 00:14:18,040
Speaker 4: you know, the headline today is that the Republicans voted

293
00:14:18,080 --> 00:14:21,160
Speaker 4: for fun to be the majority leader and against the

294
00:14:21,200 --> 00:14:23,640
Speaker 4: will I guess of the Trump folks. And so maybe

295
00:14:23,680 --> 00:14:26,080
Speaker 4: there is this kind of building sort of I don't

296
00:14:26,120 --> 00:14:27,600
Speaker 4: know if you want to call it a firewall. We

297
00:14:27,720 --> 00:14:30,080
Speaker 4: heard all about that in sixteen and seventeen, that there

298
00:14:30,160 --> 00:14:32,720
Speaker 4: was going to be this firewall between you know, Trump

299
00:14:32,800 --> 00:14:35,200
Speaker 4: and basically the means of you know, governing and the

300
00:14:35,360 --> 00:14:37,320
Speaker 4: like here. So maybe that's a good sign. But then

301
00:14:37,480 --> 00:14:39,160
Speaker 4: if you think about all these other people that are

302
00:14:39,160 --> 00:14:41,960
Speaker 4: going to be nominated for these really important cabinet positions,

303
00:14:42,000 --> 00:14:44,440
Speaker 4: it seems like these are a bunch of amateurs.

304
00:14:44,120 --> 00:14:46,360
Speaker 2: Really a bunch of amateurs.

305
00:14:46,800 --> 00:14:48,960
Speaker 4: Well let's call them hacks, right like, when you think

306
00:14:49,000 --> 00:14:51,200
Speaker 4: about it that way, I mean, they're just kind of dangerous.

307
00:14:51,240 --> 00:14:52,880
Speaker 4: When you look at some of the people that are

308
00:14:52,880 --> 00:14:57,640
Speaker 4: being suggested for Secretary of Defense, Secretary of State, Homeland Security,

309
00:14:57,680 --> 00:15:00,480
Speaker 4: I mean, these people they just appear that they want

310
00:15:00,520 --> 00:15:04,360
Speaker 4: to basically rule with grievance the way that he ran

311
00:15:04,480 --> 00:15:06,680
Speaker 4: for office, and you think about, you know, just the

312
00:15:06,760 --> 00:15:08,480
Speaker 4: level of cruelty that they want to kind of put

313
00:15:08,520 --> 00:15:11,080
Speaker 4: in place when you think about mass deportations, you think

314
00:15:11,080 --> 00:15:14,040
Speaker 4: about LGBT rights. I mean, the list goes on and on,

315
00:15:14,120 --> 00:15:16,240
Speaker 4: and you know what, there's not a better example of

316
00:15:16,280 --> 00:15:18,560
Speaker 4: this is like the hundreds of millions of dollars that

317
00:15:18,600 --> 00:15:21,760
Speaker 4: the campaigns spent on this anti trans ad right.

318
00:15:21,920 --> 00:15:23,560
Speaker 2: It worked well, it did work.

319
00:15:23,600 --> 00:15:25,800
Speaker 4: But my point is like that's how I think they're

320
00:15:25,840 --> 00:15:28,280
Speaker 4: going to rule. They're going to continue to kind of

321
00:15:28,400 --> 00:15:30,640
Speaker 4: use these wedge sort of issues and they're going to

322
00:15:30,720 --> 00:15:34,160
Speaker 4: keep dividing the voting blocks here, you know, the people

323
00:15:34,200 --> 00:15:36,800
Speaker 4: in this country. And I just kind of really frustrating me.

324
00:15:36,840 --> 00:15:38,280
Speaker 4: You can see I'm kind of fired up here. I

325
00:15:38,280 --> 00:15:40,760
Speaker 4: haven't had the opportunity to do this on my podcast

326
00:15:40,760 --> 00:15:42,280
Speaker 4: because our people don't want to hear it. They want

327
00:15:42,320 --> 00:15:44,040
Speaker 4: to hear about the economy. They want to hear about markets,

328
00:15:44,080 --> 00:15:46,040
Speaker 4: they want to hear about stocks and the like here.

329
00:15:46,120 --> 00:15:47,960
Speaker 4: But this is something that you know, to me, I

330
00:15:48,040 --> 00:15:49,880
Speaker 4: just think it's an accident waiting to happen again.

331
00:15:50,040 --> 00:15:51,160
Speaker 2: Yeah, oh, no question.

332
00:15:51,600 --> 00:15:56,160
Speaker 1: My biggest anxiety is that the FED will not stay independent.

333
00:15:56,360 --> 00:15:57,440
Speaker 2: Here's a scenario.

334
00:15:57,840 --> 00:16:01,520
Speaker 1: Trump puts in tariffs, Trump ends his tax Scott, it

335
00:16:01,640 --> 00:16:05,200
Speaker 1: is wildly inflationary, Inflation goes up, the FED says We're

336
00:16:05,200 --> 00:16:05,560
Speaker 1: not going to.

337
00:16:05,680 --> 00:16:09,520
Speaker 2: Cut any more rates, and Trump's like, okay, you're fired.

338
00:16:09,840 --> 00:16:12,240
Speaker 4: Yeah. Well, I think it's a very difficult thing for

339
00:16:12,440 --> 00:16:14,160
Speaker 4: him to do that, by the way. I mean, he

340
00:16:14,200 --> 00:16:16,800
Speaker 4: can fire a FED governor, a FED official for cause.

341
00:16:16,920 --> 00:16:18,960
Speaker 4: You know, if you think about the way that Jerome Powell,

342
00:16:19,040 --> 00:16:22,520
Speaker 4: who basically was also nominated by President Trump back in

343
00:16:22,520 --> 00:16:25,760
Speaker 4: twenty and seventeen, he was his pick. Now, obviously he

344
00:16:25,800 --> 00:16:28,080
Speaker 4: gave him a whole heck of a lot of pressure

345
00:16:28,560 --> 00:16:31,320
Speaker 4: when he started normalizing interest rates by raising them in

346
00:16:31,320 --> 00:16:34,920
Speaker 4: twenty and eighteen. But you just made the most important point,

347
00:16:35,000 --> 00:16:37,640
Speaker 4: right when you think about what is likely to happen

348
00:16:37,760 --> 00:16:40,520
Speaker 4: with tariffs and tax cuts and you know, mass deportation.

349
00:16:40,920 --> 00:16:45,040
Speaker 4: If Trump fires Powell and they start pressuring whoever comes in.

350
00:16:45,000 --> 00:16:46,440
Speaker 2: Place, I mean, can he do that?

351
00:16:46,760 --> 00:16:49,280
Speaker 4: Well he probably could. I mean, like, let's think about it, right,

352
00:16:49,360 --> 00:16:51,240
Speaker 4: Like the gloves are off here, I mean, the norms

353
00:16:51,240 --> 00:16:53,080
Speaker 4: are out the window. I mean he's showed us that

354
00:16:53,160 --> 00:16:56,000
Speaker 4: again and again and again, So he could certainly try

355
00:16:56,000 --> 00:16:58,160
Speaker 4: to do it. And then it's up to the Federal

356
00:16:58,160 --> 00:17:01,080
Speaker 4: Reserve or FED Chair Powell himself to kind of bring

357
00:17:01,160 --> 00:17:03,520
Speaker 4: a suit and think about this. You bring any suits

358
00:17:03,600 --> 00:17:05,920
Speaker 4: you want, the higher and higher they go, you get

359
00:17:05,920 --> 00:17:08,520
Speaker 4: to the Supreme Court, which is loaded by Trump anyway.

360
00:17:08,640 --> 00:17:11,119
Speaker 4: So like there's just you know, the guard rails are

361
00:17:11,160 --> 00:17:12,880
Speaker 4: off here, and so I think we have to start

362
00:17:12,920 --> 00:17:15,960
Speaker 4: thinking outside of those norms that we were, you know,

363
00:17:16,240 --> 00:17:19,680
Speaker 4: very well accustomed to leading up to twenty seventeen, and

364
00:17:19,760 --> 00:17:22,080
Speaker 4: they were just absolutely blown out. I think the other

365
00:17:22,160 --> 00:17:24,400
Speaker 4: thing that, you know, there was this sense of inertia

366
00:17:24,560 --> 00:17:26,800
Speaker 4: under the Biden administration. You know, we just didn't get

367
00:17:26,840 --> 00:17:29,320
Speaker 4: a sense for like some of the accomplishments that they

368
00:17:29,359 --> 00:17:31,960
Speaker 4: were doing, and it wasn't made you know, really clear

369
00:17:32,080 --> 00:17:34,159
Speaker 4: to I think most Americans, and we just thought that

370
00:17:34,240 --> 00:17:37,639
Speaker 4: they were just kind of governing, you know, governing in

371
00:17:38,000 --> 00:17:40,320
Speaker 4: a sort of like very quiet way. And now all

372
00:17:40,320 --> 00:17:42,040
Speaker 4: of a sudden, we have a guy back in office

373
00:17:42,080 --> 00:17:44,719
Speaker 4: who's going to make noise every single morning. He's going

374
00:17:44,760 --> 00:17:47,439
Speaker 4: to start to do the sort of chaos by tweet

375
00:17:47,520 --> 00:17:49,080
Speaker 4: or by truth or whatever you want to call it.

376
00:17:49,320 --> 00:17:52,320
Speaker 4: And that sort of uncertainty is really hard. I just

377
00:17:52,359 --> 00:17:54,520
Speaker 4: want to say for businesses as they start.

378
00:17:54,320 --> 00:17:57,359
Speaker 2: Thinking about market hate that right, Well.

379
00:17:57,400 --> 00:18:01,000
Speaker 4: Yes, uncertainty about how they're going to deploy, uncertainly about

380
00:18:01,040 --> 00:18:02,720
Speaker 4: the sort of countries that they're going to be able

381
00:18:02,960 --> 00:18:04,560
Speaker 4: to kind of sell their goods end, where they're going

382
00:18:04,600 --> 00:18:06,600
Speaker 4: to be able to manufacture their goods end, what the

383
00:18:06,720 --> 00:18:08,760
Speaker 4: terrorists are going to look like, again and again. So

384
00:18:08,960 --> 00:18:11,960
Speaker 4: the point about the independence of the central bank is

385
00:18:12,040 --> 00:18:14,919
Speaker 4: that it just has a level of credibility that's away

386
00:18:14,960 --> 00:18:17,920
Speaker 4: from politics. Right, So, the moment that you have a

387
00:18:18,000 --> 00:18:22,080
Speaker 4: political figure like the executive branch, like a president, basically

388
00:18:22,200 --> 00:18:25,400
Speaker 4: making decisions on interest rates, then you have a situation

389
00:18:25,560 --> 00:18:27,200
Speaker 4: where you know there's going to be a lot of

390
00:18:27,320 --> 00:18:29,280
Speaker 4: businesses that are not going to want to do business

391
00:18:29,359 --> 00:18:32,399
Speaker 4: here in the United States because it just seems like

392
00:18:32,440 --> 00:18:34,680
Speaker 4: it's going to be on its way to a Banana Republic.

393
00:18:34,720 --> 00:18:36,680
Speaker 4: And that's not the sort of I think confidence that

394
00:18:36,760 --> 00:18:38,879
Speaker 4: most business people want to have when they're doing business

395
00:18:38,920 --> 00:18:39,399
Speaker 4: in a country.

396
00:18:39,640 --> 00:18:43,040
Speaker 1: Yeah, but a lot of rich people did in fact

397
00:18:43,240 --> 00:18:45,040
Speaker 1: vote for and support Donald Trump.

398
00:18:45,320 --> 00:18:47,879
Speaker 2: So I mean, will they serve as a check on.

399
00:18:48,160 --> 00:18:50,560
Speaker 4: M That's a great question. Okay, I wouldn't expect it

400
00:18:50,640 --> 00:18:53,440
Speaker 4: from Silicon Valley. I wouldn't expect it from Elon Musk.

401
00:18:53,560 --> 00:18:55,440
Speaker 4: I think all those folks you know in the tech

402
00:18:55,440 --> 00:18:58,399
Speaker 4: community and the VC community, and then folks like Elon,

403
00:18:58,480 --> 00:19:00,200
Speaker 4: I think they're in it. They know what they're in for,

404
00:19:00,440 --> 00:19:02,399
Speaker 4: and they're going to let this guy do whatever he wants.

405
00:19:02,520 --> 00:19:04,800
Speaker 4: I will say this about Elon Musk, it's a very

406
00:19:04,920 --> 00:19:08,399
Speaker 4: unique situation. Like, yes, he is the most wealthy man

407
00:19:08,520 --> 00:19:10,840
Speaker 4: in the planet. He's got three hundred billion dollars. He's

408
00:19:10,880 --> 00:19:14,280
Speaker 4: got Tesla that relies on government subsidies, he's got SpaceX

409
00:19:14,359 --> 00:19:17,200
Speaker 4: that relies on government contracts. He has you know, his

410
00:19:17,400 --> 00:19:20,159
Speaker 4: ex you know Twitter sort of thing, which was obviously

411
00:19:20,280 --> 00:19:23,200
Speaker 4: very instrumental in helping Trump get elected. But all of

412
00:19:23,280 --> 00:19:26,200
Speaker 4: those they could have tremendous headwinds from any sort of

413
00:19:26,240 --> 00:19:28,960
Speaker 4: government sort of action. It could be executive action, that

414
00:19:29,040 --> 00:19:31,440
Speaker 4: sort of thing. So Musk on many levels has to

415
00:19:31,520 --> 00:19:33,680
Speaker 4: say on the right side of Trump. And if you

416
00:19:33,760 --> 00:19:37,200
Speaker 4: think about Trump's history with most people who get close

417
00:19:37,280 --> 00:19:40,560
Speaker 4: to him from a governing perspective, it usually ends very bad.

418
00:19:40,680 --> 00:19:43,160
Speaker 4: Now the same is true for Elon Musk, by the way,

419
00:19:43,240 --> 00:19:46,080
Speaker 4: and most of his companies is TEFLA in particular, there's

420
00:19:46,160 --> 00:19:50,320
Speaker 4: been massive, massive turnover. He's a notoriously difficult guy to

421
00:19:50,440 --> 00:19:52,800
Speaker 4: deal with, So I think the tech community is kind

422
00:19:52,840 --> 00:19:54,800
Speaker 4: of screwed. I mean, they know what they're in it for.

423
00:19:55,240 --> 00:19:57,399
Speaker 4: The Wall Street folks. Is kind of interesting to me

424
00:19:57,600 --> 00:20:00,480
Speaker 4: because you know, you look at like Howard Luck Okay,

425
00:20:00,560 --> 00:20:03,560
Speaker 4: he's the head of Kennavic Sderyld. He's running this transition.

426
00:20:04,000 --> 00:20:06,399
Speaker 4: He is like such a B or C player on

427
00:20:06,520 --> 00:20:08,760
Speaker 4: Wall Street. The fact that he was able to work

428
00:20:08,840 --> 00:20:11,840
Speaker 4: his way into this job is very interesting to me.

429
00:20:11,920 --> 00:20:15,480
Speaker 4: That he gets to play kingmaker among Republican politics. You know,

430
00:20:15,840 --> 00:20:18,520
Speaker 4: you won't see guys like Jamie Diamond, the CEO of

431
00:20:18,640 --> 00:20:21,160
Speaker 4: JP Morgan. Yeah, he'll be on some council here and there.

432
00:20:21,440 --> 00:20:24,400
Speaker 4: Might they have some influence on Trump as he thinks

433
00:20:24,440 --> 00:20:27,360
Speaker 4: about tariffs, as he thinks about you know, dollar policy,

434
00:20:27,480 --> 00:20:30,800
Speaker 4: as he thinks about regulation and the like. Maybe, But

435
00:20:30,920 --> 00:20:33,840
Speaker 4: we also know from the first administration that he loved

436
00:20:34,119 --> 00:20:37,159
Speaker 4: bringing those business leaders into the White House, getting the

437
00:20:37,680 --> 00:20:40,880
Speaker 4: photo you know, ops, and then just kind of dismissing them,

438
00:20:40,960 --> 00:20:42,879
Speaker 4: you know, one way or another. So to me, that

439
00:20:43,240 --> 00:20:46,520
Speaker 4: level of kind of pressure from the business community is

440
00:20:46,640 --> 00:20:48,120
Speaker 4: not something that's likely to work.

441
00:20:48,440 --> 00:20:51,480
Speaker 2: Oh, I thought you were going to say it, maybe

442
00:20:51,600 --> 00:20:52,080
Speaker 2: all we have.

443
00:20:52,920 --> 00:20:54,879
Speaker 4: No, I don't think so. Listen, you know, think about this.

444
00:20:55,080 --> 00:20:58,040
Speaker 4: If Jamie Diamond steps on the wrong side of Trump,

445
00:20:58,080 --> 00:21:00,800
Speaker 4: if you, by accident says the wrong thing, there's a

446
00:21:00,840 --> 00:21:03,800
Speaker 4: tweetstorm about the largest bank in the world. Now think

447
00:21:03,840 --> 00:21:06,320
Speaker 4: about this. If you're a CEO of a company like that,

448
00:21:06,640 --> 00:21:09,320
Speaker 4: you have lots of stakeholders that are really important. First

449
00:21:09,359 --> 00:21:13,880
Speaker 4: and foremost you're employees, then your customers, and then your investors, right,

450
00:21:14,040 --> 00:21:17,320
Speaker 4: and so you have a fiduciary responsibility to all of

451
00:21:17,440 --> 00:21:20,119
Speaker 4: those groups there. And so the idea of getting involved

452
00:21:20,160 --> 00:21:22,720
Speaker 4: in politics and being wrongside of one of the most

453
00:21:22,880 --> 00:21:25,600
Speaker 4: vengeful sort of political figures we've ever seen in our life,

454
00:21:25,920 --> 00:21:28,920
Speaker 4: besides like some of the worst authoritarian leaders we've seen

455
00:21:29,200 --> 00:21:31,760
Speaker 4: over the last hundred years and developed countries. I mean,

456
00:21:31,880 --> 00:21:33,480
Speaker 4: I think you have to be very careful. And it

457
00:21:33,560 --> 00:21:36,919
Speaker 4: also goes back to Wednesday, the day after the election.

458
00:21:37,320 --> 00:21:41,280
Speaker 4: Did you see that Satin Nadella Sundra, but Shi Tim Cook,

459
00:21:41,400 --> 00:21:44,600
Speaker 4: all these CEOs of these major tech companies, these more

460
00:21:45,560 --> 00:21:48,600
Speaker 4: co all those congratulates, they want to stay on the

461
00:21:48,680 --> 00:21:50,960
Speaker 4: right side of this thing, and so again this goes

462
00:21:51,040 --> 00:21:55,280
Speaker 4: back to norms. He can't run again. Supposedly he can

463
00:21:55,359 --> 00:21:57,680
Speaker 4: do whatever the hell he wants. He was indicted a

464
00:21:57,760 --> 00:22:01,200
Speaker 4: million times after his last administration. All of those fell

465
00:22:01,280 --> 00:22:02,960
Speaker 4: by the wayside. Do you think he's going to be

466
00:22:03,000 --> 00:22:04,199
Speaker 4: any more restrained right now?

467
00:22:04,560 --> 00:22:07,159
Speaker 1: You're not making me feel better here, Yeah, tell me

468
00:22:07,320 --> 00:22:09,400
Speaker 1: something that makes me feel a little better here.

469
00:22:09,640 --> 00:22:12,040
Speaker 4: Okay, So one thing I'll just say. So. When Trump

470
00:22:12,119 --> 00:22:15,440
Speaker 4: got elected in that big surprise back in twenty sixteen,

471
00:22:15,640 --> 00:22:18,359
Speaker 4: overnight the stock market, they have these futures that trade

472
00:22:18,400 --> 00:22:21,160
Speaker 4: on the stock market, they were down a lot. Okay,

473
00:22:21,200 --> 00:22:23,560
Speaker 4: there were lockdown limit meaning that they put limits in

474
00:22:23,600 --> 00:22:25,520
Speaker 4: place that it can only go down so much when

475
00:22:25,520 --> 00:22:28,280
Speaker 4: it's down, you know a lot, right, And then at

476
00:22:28,320 --> 00:22:30,560
Speaker 4: one point they just started rallying in the morning and

477
00:22:30,640 --> 00:22:32,720
Speaker 4: they kept on going. And then a lot of folks

478
00:22:32,880 --> 00:22:35,359
Speaker 4: just decided that all of these policies are going to

479
00:22:35,359 --> 00:22:37,040
Speaker 4: be good for the stock market, it's going to be

480
00:22:37,119 --> 00:22:39,280
Speaker 4: good for business, that sort of thing. So this time around,

481
00:22:39,359 --> 00:22:42,240
Speaker 4: the stock market was very strong headed into this election.

482
00:22:42,440 --> 00:22:44,080
Speaker 4: You could say that a bit of it had to

483
00:22:44,160 --> 00:22:46,720
Speaker 4: do with the anticipation that he might win. But the

484
00:22:46,800 --> 00:22:49,800
Speaker 4: economy how we started this conversation was also on pretty

485
00:22:49,840 --> 00:22:53,000
Speaker 4: good footing, right, and so therefore that's why the stock

486
00:22:53,119 --> 00:22:55,720
Speaker 4: market was going up. The FED did a nice job

487
00:22:55,840 --> 00:22:59,399
Speaker 4: bringing down inflation. You know, corporate profits were good. You know,

488
00:22:59,480 --> 00:23:01,520
Speaker 4: we are how I mean, the best growth of any

489
00:23:01,680 --> 00:23:04,879
Speaker 4: major developed country in the world. So this time around,

490
00:23:05,200 --> 00:23:08,320
Speaker 4: unless there's some huge geopolitical dust up, you know, something

491
00:23:08,359 --> 00:23:12,160
Speaker 4: with Taiwan and China, that would be a devastating blow

492
00:23:12,280 --> 00:23:13,360
Speaker 4: to the global economy.

493
00:23:13,680 --> 00:23:16,840
Speaker 2: Right, But you feel like the economy is pretty solid.

494
00:23:17,040 --> 00:23:18,960
Speaker 4: I think the economy is very solid. I think the

495
00:23:19,040 --> 00:23:22,960
Speaker 4: biggest risk is that if the policies lead to greater inflation,

496
00:23:23,080 --> 00:23:26,760
Speaker 4: if inflation becomes entrenched in this economy, then we're going

497
00:23:26,840 --> 00:23:28,520
Speaker 4: to have lower growth and we're going to have something

498
00:23:28,560 --> 00:23:30,880
Speaker 4: called stagflation. You and I talked about this a few

499
00:23:30,920 --> 00:23:33,520
Speaker 4: months ago on the pod. That will be very bad

500
00:23:33,800 --> 00:23:35,760
Speaker 4: for the stock market. It will be very bad for

501
00:23:35,880 --> 00:23:37,040
Speaker 4: corporate profits.

502
00:23:36,960 --> 00:23:37,920
Speaker 2: Right, stagflation.

503
00:23:38,200 --> 00:23:41,480
Speaker 1: Just remind our listeners with stagflation is because I totally know,

504
00:23:41,800 --> 00:23:43,080
Speaker 1: but I think they don't know.

505
00:23:43,520 --> 00:23:45,920
Speaker 4: Yeah, higher price for goods and services is you know,

506
00:23:46,160 --> 00:23:48,280
Speaker 4: well above let's say growth rates, and so you have

507
00:23:48,359 --> 00:23:50,159
Speaker 4: slow in growth you have high prices, and you have

508
00:23:50,240 --> 00:23:51,879
Speaker 4: economy that's kind of stuck in the mud. You have

509
00:23:51,920 --> 00:23:55,280
Speaker 4: a consumer that is basically, you know, on the sidelines

510
00:23:55,359 --> 00:23:58,680
Speaker 4: because they are basically worried about prices going higher, and

511
00:23:58,680 --> 00:24:01,560
Speaker 4: they're worried about their and the like. Because when the

512
00:24:01,680 --> 00:24:05,200
Speaker 4: economy slows down and businesses make less profits, they start

513
00:24:05,520 --> 00:24:08,080
Speaker 4: cutting people. And that's the biggest fear. Right now, we

514
00:24:08,160 --> 00:24:10,560
Speaker 4: have unemployment at like four point one four point two percent,

515
00:24:11,040 --> 00:24:12,920
Speaker 4: up from about three and a half percent, which was

516
00:24:13,119 --> 00:24:15,520
Speaker 4: a sixty year low. The worry would be that we

517
00:24:15,600 --> 00:24:19,240
Speaker 4: have unemployment going up dramatically. That will slow consumer spending.

518
00:24:19,280 --> 00:24:22,280
Speaker 4: Consumer spending is two thirds of our economy, and you

519
00:24:22,320 --> 00:24:23,960
Speaker 4: can see how it can just go round and around.

520
00:24:24,040 --> 00:24:27,040
Speaker 4: So if you throw inflation higher for longer, that's going

521
00:24:27,119 --> 00:24:28,840
Speaker 4: to throw a huge monkey wrench into what is a

522
00:24:28,920 --> 00:24:30,320
Speaker 4: pretty decent economy right now.

523
00:24:30,640 --> 00:24:33,320
Speaker 2: Right, Yeah, that does not sound good. But luckily Trump

524
00:24:33,440 --> 00:24:35,400
Speaker 2: is the best minds on it, so we should be fine.

525
00:24:35,560 --> 00:24:36,960
Speaker 4: Yeah. The most brilliant people.

526
00:24:36,920 --> 00:24:40,520
Speaker 1: The most brilliant people right out of Central casting. All right,

527
00:24:40,640 --> 00:24:42,879
Speaker 1: Well that made me feel much better, thank you.

528
00:24:43,359 --> 00:24:45,600
Speaker 4: Well, here's the deal, right, So we're at a position

529
00:24:45,760 --> 00:24:48,240
Speaker 4: here where we know how to deal with this in

530
00:24:48,359 --> 00:24:50,719
Speaker 4: some ways. And so if you think about the quality

531
00:24:50,760 --> 00:24:53,000
Speaker 4: of a lot of these cabinet people, it seems much less,

532
00:24:53,119 --> 00:24:55,480
Speaker 4: and maybe that ineptitude is the thing that doesn't allow

533
00:24:55,560 --> 00:24:58,000
Speaker 4: them to get things done. Maybe we also see, you know,

534
00:24:58,160 --> 00:24:59,960
Speaker 4: some sort of Maybe he's a dictator for a day.

535
00:25:00,320 --> 00:25:02,679
Speaker 4: Maybe he exacts a bunch of vengeance on people who

536
00:25:02,720 --> 00:25:04,760
Speaker 4: have podcasts that do it three times a day, and

537
00:25:04,840 --> 00:25:07,119
Speaker 4: they go on MSNBC and they talk a lot of

538
00:25:07,160 --> 00:25:10,000
Speaker 4: shit about him. But maybe after that it's kind of over,

539
00:25:10,240 --> 00:25:11,720
Speaker 4: you know, and then we kind of get back to

540
00:25:11,840 --> 00:25:14,920
Speaker 4: some sense of normalcy. Maybe he starts worrying about his legacy.

541
00:25:15,000 --> 00:25:17,639
Speaker 4: If you think about the last four years, the guy's

542
00:25:17,800 --> 00:25:20,639
Speaker 4: reputation was mud. He was in and out of courtrooms

543
00:25:20,680 --> 00:25:22,280
Speaker 4: and that sort of thing. Maybe he says to himself,

544
00:25:22,320 --> 00:25:24,560
Speaker 4: you know what, I want history to remember me truly

545
00:25:24,720 --> 00:25:27,159
Speaker 4: as the best president, as the big uniter. You know,

546
00:25:27,240 --> 00:25:29,760
Speaker 4: if you think about the demographics shifts that we saw

547
00:25:30,320 --> 00:25:33,400
Speaker 4: just in this last election, I mean, maybe he does

548
00:25:33,480 --> 00:25:36,120
Speaker 4: have the opportunity to kind of bring some stuff together.

549
00:25:36,200 --> 00:25:38,720
Speaker 4: I'm not optimistic about it, but if you think about

550
00:25:39,000 --> 00:25:41,880
Speaker 4: what he just pulled off, and he's thinking about his legacy.

551
00:25:42,000 --> 00:25:44,119
Speaker 4: I mean, it's something we know he cares about how

552
00:25:44,160 --> 00:25:46,159
Speaker 4: people think of him. Maybe this is a you know,

553
00:25:46,240 --> 00:25:48,240
Speaker 4: the opportunity for a turn for a guy who's probably

554
00:25:48,280 --> 00:25:50,399
Speaker 4: one of the most miserable people that exists on the planet.

555
00:25:50,520 --> 00:25:51,640
Speaker 2: All Right, that don't feel better?

556
00:25:52,000 --> 00:25:54,960
Speaker 4: Thank you, Dan Nathan, Thanks for having me, Mollie.

557
00:25:57,080 --> 00:26:01,080
Speaker 1: Stephen Vladik is a CNN contribute to and the author

558
00:26:01,240 --> 00:26:05,520
Speaker 1: of the Shadow Docket. Welcome back to Fast Politics, Steven.

559
00:26:05,320 --> 00:26:06,560
Speaker 5: Thanks Molly. Great to be back with you.

560
00:26:06,960 --> 00:26:09,920
Speaker 1: So I wanted to have you on as soon as

561
00:26:10,119 --> 00:26:14,760
Speaker 1: Tuesday started to unfold the way that it started to unfold,

562
00:26:15,400 --> 00:26:18,840
Speaker 1: I thought to myself, Okay, Donald Trump is going to

563
00:26:18,880 --> 00:26:24,040
Speaker 1: be president again, and Republicans are going to win the Senate.

564
00:26:24,160 --> 00:26:27,080
Speaker 1: We knew that was a fedocomplay, and I think it's

565
00:26:27,160 --> 00:26:29,760
Speaker 1: almost one hundred percent that they're going to keep the House.

566
00:26:29,960 --> 00:26:33,600
Speaker 1: So I'm wondering in my mind there is only one check.

567
00:26:34,000 --> 00:26:36,520
Speaker 1: It is a wobbly one, which will be the courts.

568
00:26:36,760 --> 00:26:38,840
Speaker 5: I mean, I agree with that, Molly, and I think

569
00:26:39,040 --> 00:26:41,239
Speaker 5: you know, there are two things about that that are

570
00:26:41,280 --> 00:26:43,680
Speaker 5: worth saying in a bit more detail. The first is

571
00:26:44,119 --> 00:26:47,160
Speaker 5: Trump had a trifecta part of his first term too,

572
00:26:47,720 --> 00:26:50,760
Speaker 5: but he never had the margin in the Senate that

573
00:26:50,880 --> 00:26:53,560
Speaker 5: he's going to have, and so he could be thwarted

574
00:26:53,840 --> 00:26:57,000
Speaker 5: right by John McKay and or Lisa Murkowski in a

575
00:26:57,040 --> 00:27:00,200
Speaker 5: way that won't be true. Started in January. And then

576
00:27:00,400 --> 00:27:03,080
Speaker 5: the second piece of that is, you know, so many

577
00:27:03,160 --> 00:27:05,479
Speaker 5: folks like us are conditioned to think that the Supreme

578
00:27:05,560 --> 00:27:09,240
Speaker 5: Court can do nothing right. But the Court actually pushed

579
00:27:09,320 --> 00:27:12,119
Speaker 5: back a lot against Trump during his first term, more

580
00:27:12,560 --> 00:27:15,600
Speaker 5: than we might have expected for Republican president. And I

581
00:27:15,680 --> 00:27:18,399
Speaker 5: think it's not you know, it's not a given that

582
00:27:18,600 --> 00:27:20,360
Speaker 5: is just going to roll over in a second term,

583
00:27:20,680 --> 00:27:23,280
Speaker 5: especially if, as you say, it looks likely it's going

584
00:27:23,359 --> 00:27:24,040
Speaker 5: to be all that's left.

585
00:27:24,280 --> 00:27:27,200
Speaker 1: Yeah, and I think that is where we are. So

586
00:27:27,320 --> 00:27:28,919
Speaker 1: one of the reasons why I wanted you to come

587
00:27:29,000 --> 00:27:32,200
Speaker 1: on is because you're so smart. But also you've written

588
00:27:32,480 --> 00:27:35,560
Speaker 1: so much about this court. I mean, you are basically

589
00:27:35,680 --> 00:27:38,800
Speaker 1: the person who got people thinking about and talking about

590
00:27:38,840 --> 00:27:41,600
Speaker 1: the shadow. I mean, first, the Supreme Court did it

591
00:27:41,840 --> 00:27:44,920
Speaker 1: by essentially using it to overturn Roe v.

592
00:27:45,040 --> 00:27:45,879
Speaker 2: Wade with SBA.

593
00:27:46,080 --> 00:27:47,680
Speaker 1: I mean, they did other stuff with it, but that

594
00:27:47,920 --> 00:27:52,320
Speaker 1: is I feel like the largest, most profound change they

595
00:27:52,400 --> 00:27:55,760
Speaker 1: made on the shadow docket, but by allowing SBA to

596
00:27:55,920 --> 00:27:59,479
Speaker 1: stay in Texas, they essentially overturned Row.

597
00:27:59,480 --> 00:28:01,520
Speaker 2: A year book for Roe was overturned.

598
00:28:01,960 --> 00:28:04,280
Speaker 5: That's right, I mean, Molly, I would say, from a

599
00:28:04,400 --> 00:28:08,000
Speaker 5: political consequences perspective, I would one up you just with

600
00:28:08,160 --> 00:28:11,800
Speaker 5: the Alabama redistrict in case in February twenty twenty two,

601
00:28:11,960 --> 00:28:16,080
Speaker 5: because what was so significant about the court's unsigned, unexplained

602
00:28:16,160 --> 00:28:20,080
Speaker 5: intervention in that case, which put back into effect Alabama's

603
00:28:20,320 --> 00:28:23,840
Speaker 5: you know, unlawful congressional district map is it basically gave

604
00:28:23,880 --> 00:28:26,960
Speaker 5: Republicans control of the House in the current Congress. You

605
00:28:27,040 --> 00:28:31,320
Speaker 5: can tie a pretty straight line from that unexplained majority

606
00:28:31,359 --> 00:28:35,800
Speaker 5: pit you know majority ruling to five Republican House seats

607
00:28:35,840 --> 00:28:38,960
Speaker 5: that would otherwise be democratic, and that's, you know, that's

608
00:28:38,960 --> 00:28:42,440
Speaker 5: the Republican margin right now. So the point, which I mean,

609
00:28:42,560 --> 00:28:44,360
Speaker 5: it doesn't matter which case you used to make it

610
00:28:44,760 --> 00:28:46,520
Speaker 5: is that, yeah, this is a court that has done

611
00:28:46,680 --> 00:28:49,440
Speaker 5: more and more big stuff affecting all of us with

612
00:28:49,600 --> 00:28:52,240
Speaker 5: less and less explanation, and that's not been great.

613
00:28:53,320 --> 00:28:55,840
Speaker 1: I don't want to be a doomer about this Trump term.

614
00:28:56,160 --> 00:28:58,040
Speaker 1: That's not to say that I want to normalize it.

615
00:28:58,160 --> 00:29:01,240
Speaker 1: I think the guys that complete a democratic autocrat, But

616
00:29:01,920 --> 00:29:05,920
Speaker 1: I do think that we still have checks and balances

617
00:29:06,200 --> 00:29:09,640
Speaker 1: and that Dumerism is actually the enemy, and that it's

618
00:29:09,760 --> 00:29:12,560
Speaker 1: much better to sort of talk through. And especially when

619
00:29:12,600 --> 00:29:16,920
Speaker 1: you think about this court, which is filled with you know,

620
00:29:17,800 --> 00:29:22,000
Speaker 1: Trump put in three Supreme Court justices, but I don't

621
00:29:22,040 --> 00:29:25,800
Speaker 1: think they think they serve at the present pleasure of

622
00:29:25,880 --> 00:29:26,440
Speaker 1: Donald Trump.

623
00:29:26,520 --> 00:29:28,600
Speaker 2: I think Donald Trump thinks that, but I don't think

624
00:29:28,680 --> 00:29:29,200
Speaker 2: they think that.

625
00:29:29,640 --> 00:29:31,520
Speaker 5: I think that's really astute, and I think that's a

626
00:29:31,600 --> 00:29:35,680
Speaker 5: really important point that just because the current you know,

627
00:29:35,840 --> 00:29:38,760
Speaker 5: conservative majority on the Supreme Court rules in ways that

628
00:29:38,840 --> 00:29:40,600
Speaker 5: a lot of us don't like in most of the

629
00:29:40,680 --> 00:29:42,720
Speaker 5: cases we care about, doesn't mean that they're in the

630
00:29:42,800 --> 00:29:45,520
Speaker 5: bag for Trump. The problem I think that we run

631
00:29:45,560 --> 00:29:48,280
Speaker 5: into is a problem of the court's own making Molly right,

632
00:29:48,360 --> 00:29:50,960
Speaker 5: which is, you know, the Court had a really good

633
00:29:51,000 --> 00:29:54,280
Speaker 5: opportunity just this summer to show us just how not

634
00:29:54,560 --> 00:29:56,760
Speaker 5: in the bag for Trump they are in the January

635
00:29:56,800 --> 00:30:00,520
Speaker 5: Sex Community case, and you know, five of the Republican

636
00:30:00,600 --> 00:30:04,240
Speaker 5: appointees flunked. Only just as Amy Cony Barrett seem to

637
00:30:04,760 --> 00:30:07,960
Speaker 5: understand the implications of the decision, that the rest of

638
00:30:08,000 --> 00:30:10,440
Speaker 5: the court signed on too, So I'm with you. I

639
00:30:10,600 --> 00:30:14,920
Speaker 5: think numerism is counterproductive, and actually I think sort of

640
00:30:14,960 --> 00:30:16,960
Speaker 5: feeds into the problem. And I also think that just

641
00:30:17,040 --> 00:30:19,600
Speaker 5: as a matter of who they are, someone like a

642
00:30:19,720 --> 00:30:22,160
Speaker 5: John Roberts or a Brett Kavanaugh or at Amy Cony Barrett,

643
00:30:22,600 --> 00:30:24,800
Speaker 5: you know, they're gonna not do what I want them

644
00:30:24,840 --> 00:30:27,000
Speaker 5: to do in almost all the cases that matter. But

645
00:30:27,400 --> 00:30:31,000
Speaker 5: are they gonna let Trump dismantle birthright citizenship? I can't

646
00:30:31,080 --> 00:30:33,840
Speaker 5: imagine they are. Are they gonna let Trump destroy the

647
00:30:33,960 --> 00:30:37,440
Speaker 5: civil service in the executive branch? I can't imagine they are.

648
00:30:37,640 --> 00:30:41,040
Speaker 5: And so the fact that they'll draw the line closer

649
00:30:41,120 --> 00:30:43,520
Speaker 5: to Trump than you or I would doesn't mean that

650
00:30:43,560 --> 00:30:45,880
Speaker 5: they're not gonna draw a line. That may be sort

651
00:30:45,880 --> 00:30:49,080
Speaker 5: of small solace to folks who are you know, rightly

652
00:30:49,200 --> 00:30:51,920
Speaker 5: concerned about a Republican trifecta for the next two or

653
00:30:51,960 --> 00:30:54,440
Speaker 5: four years. But I think we should not give up

654
00:30:54,480 --> 00:30:56,880
Speaker 5: the ghost that it's importantly more than nothing.

655
00:30:57,240 --> 00:31:00,440
Speaker 1: Yeah, I also think that it's more important to stay

656
00:31:00,880 --> 00:31:03,360
Speaker 1: in this. And I mean, I also want you to

657
00:31:03,440 --> 00:31:06,960
Speaker 1: talk because I was texting the sky Perryman yesterday. We

658
00:31:07,080 --> 00:31:10,560
Speaker 1: were we were talking about like how the left needs

659
00:31:10,640 --> 00:31:14,160
Speaker 1: to think about this next Trump term. And we were

660
00:31:14,160 --> 00:31:17,440
Speaker 1: talking about like Donald Trump has lost in court a

661
00:31:17,680 --> 00:31:18,920
Speaker 1: number of times.

662
00:31:19,200 --> 00:31:20,520
Speaker 2: Will you expand on that?

663
00:31:21,000 --> 00:31:21,200
Speaker 3: Sure?

664
00:31:21,280 --> 00:31:23,880
Speaker 5: I mean, so, you know, Trump when he was president

665
00:31:24,240 --> 00:31:27,200
Speaker 5: had about as poor a track record in the lower

666
00:31:27,240 --> 00:31:30,200
Speaker 5: federal courts and in the Supreme Court as any president

667
00:31:30,280 --> 00:31:33,880
Speaker 5: in a long time, molly, including democratic presidents right before

668
00:31:33,920 --> 00:31:36,240
Speaker 5: a not very different court, you know, just to name

669
00:31:36,280 --> 00:31:39,000
Speaker 5: a couple of cases. Right, So, with regard to the

670
00:31:39,080 --> 00:31:42,000
Speaker 5: travel band, Trump had to do three versions of that

671
00:31:42,240 --> 00:31:44,880
Speaker 5: because the first two got struck down by the courts,

672
00:31:45,000 --> 00:31:48,320
Speaker 5: including the second one partly by the Supreme Court. Trump

673
00:31:48,440 --> 00:31:51,320
Speaker 5: couldn't ask a citizenship question on the twenty twenty census

674
00:31:51,400 --> 00:31:55,120
Speaker 5: because the Supreme Court stopped him. Right, Trump couldn't rescind DHAKA,

675
00:31:55,280 --> 00:31:58,160
Speaker 5: the Deferred Action for Childhood Arrivals immigration program because the

676
00:31:58,200 --> 00:32:01,320
Speaker 5: Supreme Court stopped him. And this is a different court,

677
00:32:01,440 --> 00:32:04,240
Speaker 5: I mean, right, This is a court without Ruth Badergensberg

678
00:32:04,280 --> 00:32:05,960
Speaker 5: and with Amy Cony Barrett. It is a court that,

679
00:32:06,520 --> 00:32:10,400
Speaker 5: since Trump left office, has decided Dobbs and Bruin and

680
00:32:11,080 --> 00:32:14,320
Speaker 5: you know, the Affirmative Action cases. But I still think

681
00:32:14,440 --> 00:32:18,280
Speaker 5: that there really is daylight between where the median justices

682
00:32:18,320 --> 00:32:20,600
Speaker 5: on the court are and a lot of what Trump

683
00:32:20,680 --> 00:32:23,160
Speaker 5: is going to want to accomplish when it comes to

684
00:32:23,360 --> 00:32:26,280
Speaker 5: the legality and the constitutionality of you know, his second

685
00:32:26,360 --> 00:32:26,880
Speaker 5: term agenda.

686
00:32:27,280 --> 00:32:30,200
Speaker 1: Right, and again this is back to Donald Trump as

687
00:32:30,280 --> 00:32:33,920
Speaker 1: bad as bad at courts. It really seems so far,

688
00:32:34,000 --> 00:32:36,680
Speaker 1: and we just have seen very few appointments, but we've

689
00:32:36,720 --> 00:32:40,680
Speaker 1: seen two big appointments, two that strike me as kind

690
00:32:40,720 --> 00:32:43,120
Speaker 1: of the headlines and what he wants to do next,

691
00:32:43,200 --> 00:32:46,600
Speaker 1: and those are Tom Holman and Steven Miller. I mean,

692
00:32:46,800 --> 00:32:49,440
Speaker 1: it seems like mass deportation is going to be the

693
00:32:49,560 --> 00:32:52,720
Speaker 1: first move that seems to me like something that is

694
00:32:52,800 --> 00:32:55,520
Speaker 1: going to run a fat home the Court's very quickly.

695
00:32:56,000 --> 00:32:58,240
Speaker 5: I mean, I think that's right. And you know, Molly,

696
00:32:58,360 --> 00:33:00,680
Speaker 5: I think we're going to see a lot of you know,

697
00:33:00,840 --> 00:33:04,840
Speaker 5: blue states and more left winged groups taking pages from

698
00:33:05,040 --> 00:33:07,680
Speaker 5: like Ken Paxton's playbook in the Trump administration.

699
00:33:08,040 --> 00:33:09,120
Speaker 2: That's just what I was thinking.

700
00:33:09,240 --> 00:33:12,400
Speaker 5: Go on, yeah, and they're going to find sympathetic lower courts,

701
00:33:12,440 --> 00:33:16,360
Speaker 5: whether they're you know, in California or Maryland or Massachusetts

702
00:33:16,440 --> 00:33:18,520
Speaker 5: or what have you, the same way that you know,

703
00:33:18,600 --> 00:33:21,000
Speaker 5: the Republicans have kept going to Texas over the last

704
00:33:21,080 --> 00:33:23,920
Speaker 5: four years. Again, right, that's going to put pressure on

705
00:33:24,080 --> 00:33:27,280
Speaker 5: the Supreme Court. Right first on you know, the shadow docket,

706
00:33:27,400 --> 00:33:31,240
Speaker 5: first with regard to what will surely be emergency requests

707
00:33:31,400 --> 00:33:34,040
Speaker 5: from the Trump administration to get out from under those

708
00:33:34,080 --> 00:33:36,280
Speaker 5: lower court rule ins. And then on the merits. And

709
00:33:36,360 --> 00:33:38,520
Speaker 5: I guess I'll just say, like you know, I spend

710
00:33:38,560 --> 00:33:41,400
Speaker 5: a lot of time criticizing the Supreme Court. There's a

711
00:33:41,480 --> 00:33:44,800
Speaker 5: difference between the Supreme Court getting a particular legal issue,

712
00:33:45,080 --> 00:33:47,800
Speaker 5: in my view, wrong, and a Supreme Court sort of

713
00:33:47,920 --> 00:33:50,960
Speaker 5: giving up its institutional responsibility as a check on the

714
00:33:51,160 --> 00:33:53,880
Speaker 5: elected branches. This is where the immunity case is a

715
00:33:53,960 --> 00:33:56,960
Speaker 5: real problem. But it's not the end. And I don't

716
00:33:57,000 --> 00:33:59,000
Speaker 5: take it as a sign that John Roberts and Brett

717
00:33:59,040 --> 00:34:02,000
Speaker 5: Kavanaugh are done. I think it's just, you know why

718
00:34:02,200 --> 00:34:04,960
Speaker 5: a lot of folks who are not inclined to give

719
00:34:05,000 --> 00:34:07,200
Speaker 5: them the benefit of the doubt are not inclined to

720
00:34:07,200 --> 00:34:08,200
Speaker 5: give them the benefit of the doubt.

721
00:34:08,480 --> 00:34:10,080
Speaker 2: I do not want to wish cast here.

722
00:34:10,239 --> 00:34:12,560
Speaker 1: I got in trouble in the twenty twenty four cycle

723
00:34:12,719 --> 00:34:14,439
Speaker 1: for my sunny optimism if.

724
00:34:14,360 --> 00:34:18,399
Speaker 2: You can believe it. But Roberts does come from Reagan world.

725
00:34:18,760 --> 00:34:22,319
Speaker 1: These people had an idea they were trying to put

726
00:34:22,440 --> 00:34:24,759
Speaker 1: on the country, which they have been able to do

727
00:34:25,000 --> 00:34:28,440
Speaker 1: via Donald Trump. But it's not necessarily Donald Trump's idea

728
00:34:28,560 --> 00:34:29,880
Speaker 1: of what he wants for the country.

729
00:34:30,120 --> 00:34:31,480
Speaker 5: I think this is right, and I think this is

730
00:34:31,520 --> 00:34:35,480
Speaker 5: why it's really helpful to separate out the six Republican appointees,

731
00:34:35,960 --> 00:34:39,080
Speaker 5: not by which president appointed them, but by what their

732
00:34:39,120 --> 00:34:39,880
Speaker 5: north stars are.

733
00:34:40,120 --> 00:34:40,279
Speaker 3: Right.

734
00:34:40,400 --> 00:34:43,759
Speaker 5: So I think of a John Roberts and a Brett Kavanaugh,

735
00:34:44,120 --> 00:34:46,680
Speaker 5: and I think even Amy Coni Barrett as folks whose

736
00:34:46,760 --> 00:34:50,759
Speaker 5: north stars are legal principles molly that have long been

737
00:34:50,840 --> 00:34:54,120
Speaker 5: part of the conservative legal establishment's agenda. And I don't

738
00:34:54,360 --> 00:34:56,920
Speaker 5: like a lot of those principles. I have real problems

739
00:34:56,960 --> 00:35:00,800
Speaker 5: with many of those principles, but they are principles versus

740
00:35:01,280 --> 00:35:04,799
Speaker 5: I think you can more fairly level the charge at

741
00:35:04,920 --> 00:35:08,120
Speaker 5: someone like a Justice Samuel Alito or Justice Clarence Thomas,

742
00:35:08,200 --> 00:35:11,520
Speaker 5: or indeed Justice Neil Gorsic that increasingly their votes look

743
00:35:11,640 --> 00:35:14,919
Speaker 5: like their only principle is who's winning and who's losing.

744
00:35:15,200 --> 00:35:18,319
Speaker 5: And you know, in a second Trump term, I think

745
00:35:18,640 --> 00:35:21,880
Speaker 5: the first trio is going to be much more important

746
00:35:21,920 --> 00:35:24,600
Speaker 5: than the second trio, because that's going to be, you know,

747
00:35:24,719 --> 00:35:26,719
Speaker 5: the thing to watch. Are they going to stand up

748
00:35:26,800 --> 00:35:30,560
Speaker 5: for principles in cases in which you know, Trump runs

749
00:35:30,600 --> 00:35:32,440
Speaker 5: about of them, which you know, I mean, Molly, we

750
00:35:32,560 --> 00:35:34,600
Speaker 5: might not know exactly which cases they'll be, but they

751
00:35:34,680 --> 00:35:36,080
Speaker 5: will be cases, right.

752
00:35:36,400 --> 00:35:36,440
Speaker 4: No.

753
00:35:36,680 --> 00:35:40,040
Speaker 1: No, I think it's fair to say his first plan,

754
00:35:40,880 --> 00:35:44,520
Speaker 1: this idea of doing camps. Even if you use the

755
00:35:44,640 --> 00:35:48,880
Speaker 1: Alien Insurrection Act of seventeen ninety eight or whatever it is,

756
00:35:49,040 --> 00:35:51,680
Speaker 1: you would need to have a foreign war. I mean,

757
00:35:51,960 --> 00:35:54,600
Speaker 1: the whole theory of the case here is pretty flimsy.

758
00:35:55,000 --> 00:35:56,880
Speaker 5: I mean, folks may not remember, but you know, the

759
00:35:57,080 --> 00:36:00,600
Speaker 5: first travel ban was like the first weekend of Trump's

760
00:36:00,640 --> 00:36:03,120
Speaker 5: first term. The reason why that never got off the

761
00:36:03,200 --> 00:36:06,280
Speaker 5: ground was because of federal judges, federal judges in Brooklyn

762
00:36:06,520 --> 00:36:10,320
Speaker 5: and in California and Hawaii and Seattle. And you know,

763
00:36:10,440 --> 00:36:12,920
Speaker 5: I think that's what we're in for again. And I

764
00:36:13,320 --> 00:36:16,759
Speaker 5: totally understand why people are going to come into a

765
00:36:16,840 --> 00:36:19,600
Speaker 5: second Trump term with less faith that the courts are

766
00:36:19,640 --> 00:36:21,160
Speaker 5: going to save us. The courts are not going to

767
00:36:21,200 --> 00:36:23,759
Speaker 5: save us, but the courts might at least save themselves.

768
00:36:24,080 --> 00:36:27,600
Speaker 5: And I think that's you know that means standing up

769
00:36:27,760 --> 00:36:30,080
Speaker 5: for the role of the courts in our system. It

770
00:36:30,200 --> 00:36:32,640
Speaker 5: means pushing back when the president does thems that are

771
00:36:32,680 --> 00:36:36,440
Speaker 5: flagrantly unconstitutional. And I think, you know, ironically, Molly, the

772
00:36:36,640 --> 00:36:40,160
Speaker 5: faster Trump pushes, the more push back he will engender

773
00:36:40,520 --> 00:36:41,320
Speaker 5: from the judiciary.

774
00:36:41,680 --> 00:36:44,279
Speaker 2: Yes, I think that is for sure true.

775
00:36:44,560 --> 00:36:47,239
Speaker 1: And you know what I'm struck by just from the

776
00:36:47,440 --> 00:36:52,759
Speaker 1: early cabinet right now is just how it seems very

777
00:36:52,840 --> 00:36:55,920
Speaker 1: focused on deportation, whereas I mean, again, obviously this was

778
00:36:55,960 --> 00:36:59,960
Speaker 1: about Senate confirmation. Yes, but Marco Rubio does not see

779
00:37:00,200 --> 00:37:03,400
Speaker 1: so you know, he's aligned with the George W. Bush

780
00:37:03,560 --> 00:37:06,239
Speaker 1: or it's not like he put Tom Cotton in there.

781
00:37:07,440 --> 00:37:10,160
Speaker 5: Indeed, although you know, the line between Rubio and Cotton

782
00:37:10,200 --> 00:37:12,960
Speaker 5: may be elusive, but no, I mean, you know, I mean,

783
00:37:13,239 --> 00:37:15,640
Speaker 5: I'll just say, like, if we're looking at someone like

784
00:37:15,719 --> 00:37:18,759
Speaker 5: a Marco Rubio as Secretary of State as opposed to

785
00:37:19,360 --> 00:37:23,239
Speaker 5: you know, someone who is an absolute lunatic right when

786
00:37:23,280 --> 00:37:25,880
Speaker 5: it comes to foreign policy, right, if we're looking at

787
00:37:25,920 --> 00:37:27,720
Speaker 5: you know, I saw a story this afternoon that Matthew

788
00:37:27,719 --> 00:37:31,239
Speaker 5: Whittaker is back under consideration to be Attorney General. You know,

789
00:37:31,520 --> 00:37:33,200
Speaker 5: I don't think Whittaker is going to go down in

790
00:37:33,239 --> 00:37:37,160
Speaker 5: the pantheon of great attorneys general. But that's still not

791
00:37:37,280 --> 00:37:39,919
Speaker 5: the same thing as you know, the former gorsicch clerk

792
00:37:40,000 --> 00:37:42,799
Speaker 5: Mike Davis, who's on social media talking about how we're

793
00:37:42,800 --> 00:37:46,600
Speaker 5: going to prosecute everyone who's ever criticized President Trump. It's

794
00:37:46,680 --> 00:37:50,520
Speaker 5: going to be really important for folks to be nuanced

795
00:37:51,120 --> 00:37:53,960
Speaker 5: in how we assess the threats to the rule of

796
00:37:54,040 --> 00:37:54,960
Speaker 5: law that are coming.

797
00:37:55,280 --> 00:37:58,680
Speaker 1: So there's only so much energy. And I also think

798
00:37:58,760 --> 00:38:01,280
Speaker 1: that the really important it's going to be it cannot

799
00:38:01,320 --> 00:38:05,279
Speaker 1: be a stylistic question. It needs to be a subpintive question,

800
00:38:05,440 --> 00:38:09,239
Speaker 1: like Trump will do things that we won't like personally,

801
00:38:09,840 --> 00:38:12,560
Speaker 1: but it's a question of when it does sort of

802
00:38:12,760 --> 00:38:15,600
Speaker 1: mess up the rule of law or American democracy.

803
00:38:15,680 --> 00:38:17,200
Speaker 2: I mean to protect institutions.

804
00:38:17,239 --> 00:38:20,040
Speaker 1: Speaking of institutions, I want you to talk to us

805
00:38:20,280 --> 00:38:25,200
Speaker 1: about the Alito Thomas retirement question.

806
00:38:27,200 --> 00:38:29,279
Speaker 5: Will they go or won't they? So I mean, I

807
00:38:29,360 --> 00:38:33,080
Speaker 5: think the first thing to say is November twelfth is

808
00:38:33,239 --> 00:38:35,920
Speaker 5: not the time to have this conversation, not you and me,

809
00:38:36,120 --> 00:38:39,200
Speaker 5: but the public discourse around this, right, even if they've

810
00:38:39,239 --> 00:38:41,600
Speaker 5: both made up their minds to retire, and I suspect

811
00:38:41,719 --> 00:38:44,840
Speaker 5: neither of them have now me too, right, They're not

812
00:38:45,080 --> 00:38:48,640
Speaker 5: gonna say anything until at the earliest next summer and

813
00:38:48,760 --> 00:38:51,600
Speaker 5: even then, right, So, you know, I think folks that

814
00:38:51,760 --> 00:38:53,399
Speaker 5: just sort of take a little bit of a breath.

815
00:38:53,719 --> 00:38:57,359
Speaker 5: I do think that both Alito and Thomas are invested

816
00:38:58,120 --> 00:39:02,120
Speaker 5: in having President Trump at some point name their successors.

817
00:39:02,520 --> 00:39:04,480
Speaker 5: But I also think that they both kind of like

818
00:39:04,560 --> 00:39:06,840
Speaker 5: their jobs. You know, Thomas is just a couple of

819
00:39:06,920 --> 00:39:09,960
Speaker 5: years away from being the longest serving justice in the

820
00:39:10,080 --> 00:39:12,840
Speaker 5: Court's history. That you know, he might say publicly that

821
00:39:12,880 --> 00:39:14,840
Speaker 5: doesn't matter to him. I don't believe that.

822
00:39:15,080 --> 00:39:17,040
Speaker 2: I think he said that he wants to be the

823
00:39:17,120 --> 00:39:17,840
Speaker 2: longest serving.

824
00:39:18,040 --> 00:39:18,160
Speaker 3: Right.

825
00:39:18,560 --> 00:39:19,960
Speaker 5: One of the amazing things that if you've been on

826
00:39:19,960 --> 00:39:21,719
Speaker 5: the core for thirty three years, people will find you

827
00:39:21,800 --> 00:39:22,920
Speaker 5: saying everything.

828
00:39:22,680 --> 00:39:23,640
Speaker 3: Right but true.

829
00:39:24,000 --> 00:39:27,520
Speaker 5: I think the reality is that they will both likely,

830
00:39:28,200 --> 00:39:30,720
Speaker 5: you know, sort of not worry about this until next summer,

831
00:39:31,000 --> 00:39:34,400
Speaker 5: and then it becomes a live question only because you know,

832
00:39:34,440 --> 00:39:36,400
Speaker 5: it will be interested in who the potential nominies are

833
00:39:36,480 --> 00:39:38,880
Speaker 5: to succeed them. I was struck. There's a story in

834
00:39:39,000 --> 00:39:41,239
Speaker 5: the Wall Street Journal, you know, as we're recording this

835
00:39:41,640 --> 00:39:45,279
Speaker 5: about how quote sources close to Aledo unquote say he

836
00:39:45,360 --> 00:39:47,960
Speaker 5: has no plans to retire. First of all, that's the

837
00:39:48,040 --> 00:39:50,320
Speaker 5: exact story I would want out if I did have

838
00:39:50,440 --> 00:39:53,759
Speaker 5: plans to retire. But second, it's just too early. I

839
00:39:53,800 --> 00:39:56,160
Speaker 5: think there's almost no question that Trump will get to

840
00:39:56,200 --> 00:39:58,600
Speaker 5: replace at least one of them. But whether that's next

841
00:39:58,680 --> 00:40:00,920
Speaker 5: year or two years from now, well we're three or

842
00:40:00,960 --> 00:40:03,160
Speaker 5: four years from now. I think it's going to depend

843
00:40:03,200 --> 00:40:05,680
Speaker 5: on a lot of what happens between now and then.

844
00:40:05,960 --> 00:40:08,960
Speaker 1: Yeah, but it is incredible that he will have put

845
00:40:09,080 --> 00:40:11,800
Speaker 1: in so many Supreme Court justices.

846
00:40:12,320 --> 00:40:15,440
Speaker 5: The last president who got to appoint a majority of

847
00:40:15,760 --> 00:40:18,120
Speaker 5: the Court was Eisenhower, and that was in a very

848
00:40:18,200 --> 00:40:23,360
Speaker 5: different period. And Eisenhower's appointees included Earl Warren, who was

849
00:40:23,719 --> 00:40:27,360
Speaker 5: the famous liberal Chief Justice Bill Brennan, who was like

850
00:40:27,480 --> 00:40:29,879
Speaker 5: the leader of the left wing of the Court into

851
00:40:29,920 --> 00:40:32,719
Speaker 5: the nineteen eighties. Right, So Eisenhower had the ability to

852
00:40:32,800 --> 00:40:36,440
Speaker 5: do it, but he actually had a diverse slate of appointees.

853
00:40:36,520 --> 00:40:38,160
Speaker 5: That hasn't been, of course, what we've seen from Trump.

854
00:40:38,280 --> 00:40:41,200
Speaker 1: If you had to guess a Supreme Court justice who

855
00:40:41,400 --> 00:40:45,400
Speaker 1: would not disappoint you in the profound way they tend to,

856
00:40:46,000 --> 00:40:46,560
Speaker 1: who would it be?

857
00:40:47,120 --> 00:40:49,120
Speaker 5: Who Trump might nominate because there are all people Trump

858
00:40:49,160 --> 00:40:49,880
Speaker 5: wouldn't nominate this.

859
00:40:49,960 --> 00:40:52,759
Speaker 1: No, no, I mean people on the Court right now

860
00:40:53,080 --> 00:40:57,279
Speaker 1: who might possibly be less disappointing if it comes to,

861
00:40:57,520 --> 00:41:00,800
Speaker 1: you know, sort of something you know, that might break

862
00:41:00,880 --> 00:41:02,080
Speaker 1: with the majority.

863
00:41:02,719 --> 00:41:04,960
Speaker 5: I don't think there's any question actually that of the

864
00:41:05,000 --> 00:41:08,600
Speaker 5: six Republican appointees the first vote, who would join the

865
00:41:08,640 --> 00:41:11,479
Speaker 5: three Democratic appointees in a big rule of law cases.

866
00:41:11,520 --> 00:41:14,439
Speaker 5: Amy Cody Barrett, I think that became clear last term.

867
00:41:14,600 --> 00:41:17,719
Speaker 5: I mean, I think she, you know, wrote separately in

868
00:41:17,840 --> 00:41:22,320
Speaker 5: the Colorado disqualification case. She wrote separately in the January

869
00:41:22,360 --> 00:41:25,160
Speaker 5: sixth community case. She you know, dissented in one of

870
00:41:25,200 --> 00:41:27,480
Speaker 5: the biggest environmental cases of the term. She dissented in

871
00:41:27,520 --> 00:41:29,919
Speaker 5: the January sixth obstruction case. I mean, I think Molly,

872
00:41:30,080 --> 00:41:32,719
Speaker 5: she really has, I think, come out of her shell

873
00:41:32,800 --> 00:41:35,640
Speaker 5: a bit. Not as a more moderate justice than we expected,

874
00:41:35,840 --> 00:41:37,640
Speaker 5: but again, I mean back to what we were talking

875
00:41:37,680 --> 00:41:40,160
Speaker 5: about a few minutes ago, as a justice for whom

876
00:41:40,239 --> 00:41:43,120
Speaker 5: the principles come first and the politics come second. You know,

877
00:41:43,400 --> 00:41:45,680
Speaker 5: that's who you're going to need in a big rule

878
00:41:45,719 --> 00:41:47,799
Speaker 5: of law case. What I think is so striking about

879
00:41:47,960 --> 00:41:51,800
Speaker 5: last term is that I had assumed the big cases

880
00:41:51,800 --> 00:41:54,120
Speaker 5: would be the ones where she would join Roberts and

881
00:41:54,320 --> 00:41:56,960
Speaker 5: the Demes, and it turned out the big cases were

882
00:41:56,960 --> 00:41:59,480
Speaker 5: the ones in which, you know, she joined the Dems

883
00:41:59,520 --> 00:42:02,200
Speaker 5: and descent because you couldn't get Roberts. And so, you know,

884
00:42:02,360 --> 00:42:04,840
Speaker 5: that's why I actually think John Roberts would already have

885
00:42:04,880 --> 00:42:08,040
Speaker 5: been massively important in a second Trump administration. But he really,

886
00:42:08,120 --> 00:42:11,200
Speaker 5: I think, will be the median in any cases that

887
00:42:11,360 --> 00:42:14,480
Speaker 5: have these massive rule of law implications where the justices

888
00:42:14,520 --> 00:42:16,200
Speaker 5: are in any way ideologically divided.

889
00:42:16,520 --> 00:42:19,279
Speaker 1: Thank you, thank you, thank you, thank you, thank you.

890
00:42:19,760 --> 00:42:22,200
Speaker 1: There's a little bit to feel better about in there.

891
00:42:22,440 --> 00:42:24,040
Speaker 5: I spend a lot of my time in front of

892
00:42:24,200 --> 00:42:26,799
Speaker 5: classrooms full of students who I'm trying to convince at

893
00:42:26,840 --> 00:42:29,239
Speaker 5: once both that the law matters and that we should

894
00:42:29,280 --> 00:42:32,439
Speaker 5: be realistic about it, right. And you know, to me, Molly,

895
00:42:32,520 --> 00:42:35,520
Speaker 5: the message is just that the Supreme Court might disappoint

896
00:42:35,640 --> 00:42:37,960
Speaker 5: us a lot, but I'd rather a Supreme Court that's

897
00:42:37,960 --> 00:42:39,839
Speaker 5: going to stand up for us some of the time,

898
00:42:40,239 --> 00:42:44,239
Speaker 5: right than a complete tyranny of the majority, especially given

899
00:42:44,280 --> 00:42:46,799
Speaker 5: the majority we're facing in the coming couple of years.

900
00:42:47,080 --> 00:42:55,160
Speaker 2: Yeah, thank you, Steven, Thanks Molly. No, moment, Jesse.

901
00:42:55,280 --> 00:42:59,120
Speaker 3: Cannon, Molly John Fast, I'm so happy we're already getting

902
00:42:59,200 --> 00:43:02,840
Speaker 3: new Trumps. We got the first buddy. Now, Elon Musk,

903
00:43:02,880 --> 00:43:03,640
Speaker 3: what do you see it here?

904
00:43:04,040 --> 00:43:08,400
Speaker 1: I am seeing that Elon Musk is calling himself the

905
00:43:08,520 --> 00:43:14,000
Speaker 1: first Buddy's so fucking up. I am going to let

906
00:43:14,080 --> 00:43:17,879
Speaker 1: that sink in for a minute, but I just want

907
00:43:17,920 --> 00:43:21,359
Speaker 1: to say that Donald Trump is getting kind of sick

908
00:43:21,400 --> 00:43:25,720
Speaker 1: of it already. When he was in the House talking

909
00:43:25,800 --> 00:43:29,239
Speaker 1: to Republicans today, it was reported he thanked Musk for

910
00:43:29,360 --> 00:43:32,919
Speaker 1: everything he did in the election, but added quote, now

911
00:43:33,120 --> 00:43:36,000
Speaker 1: I can't get rid of him. Okay, I want to

912
00:43:36,080 --> 00:43:41,319
Speaker 1: point out the election was eight days ago. Okay, now

913
00:43:41,520 --> 00:43:44,040
Speaker 1: I can't get rid of him. It's been eight days

914
00:43:44,280 --> 00:43:47,040
Speaker 1: of Trump having to deal with Elon and he's already saying.

915
00:43:46,880 --> 00:43:49,160
Speaker 3: That, I mean, would you last any longer?

916
00:43:49,440 --> 00:43:49,840
Speaker 2: I don't know.

917
00:43:50,880 --> 00:43:54,960
Speaker 1: And then he's behaving as if he's a co president

918
00:43:55,080 --> 00:43:57,480
Speaker 1: and making sure everyone knows it. One of the people's

919
00:43:57,520 --> 00:44:00,760
Speaker 1: said of Musk, and he's taking a lot of credit

920
00:44:00,880 --> 00:44:05,080
Speaker 1: for the President's victory, bragging about America pack and X

921
00:44:05,239 --> 00:44:08,160
Speaker 1: to anyone who will listen. He's trying to make President

922
00:44:08,239 --> 00:44:12,120
Speaker 1: Trump feel indebted to him, and the president is indebted

923
00:44:12,239 --> 00:44:15,239
Speaker 1: to no one. This person added, I'm sorry. This has

924
00:44:15,480 --> 00:44:17,400
Speaker 1: long been my theory of the case. You know, we

925
00:44:17,520 --> 00:44:20,480
Speaker 1: talk about Democrats being a big tent, but there is

926
00:44:20,640 --> 00:44:26,560
Speaker 1: no tent big enough for anti Semites, Zionists, anti vaxers,

927
00:44:27,040 --> 00:44:32,440
Speaker 1: Elon and Donald Trump's ego and Bill Ackman like I

928
00:44:32,640 --> 00:44:36,040
Speaker 1: think that this is going to be a very very

929
00:44:36,520 --> 00:44:37,719
Speaker 1: very short lived tent.

930
00:44:38,440 --> 00:44:40,880
Speaker 3: I think the polls are already wobbling.

931
00:44:41,960 --> 00:44:46,120
Speaker 1: That's it for this episode of Fast Politics. Tune in

932
00:44:46,640 --> 00:44:52,040
Speaker 1: every Monday, Wednesday, Thursday and Saturday to hear the best

933
00:44:52,160 --> 00:44:56,440
Speaker 1: minds and politics make sense of all this chaos. If

934
00:44:56,480 --> 00:44:59,480
Speaker 1: you enjoy this podcast, please send it to a friend

935
00:45:00,040 --> 00:45:01,560
Speaker 1: and keep the conversation going.

936
00:45:02,080 --> 00:45:03,160
Speaker 2: Thanks for listening.