How Trump is Setting Back Public Health
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00:57Scott, Scott, Scott, Scott, Scott, Scott, Scott, Scott.Hello, I'm Greg Godfeld.Welcome back.And this is the sixth.Wrong show.Oh, my God.I, even I am blushing. That was, that was wonderful. That was the dear leader is back. Jess, folks, welcome to raging moderates. I'm Scott Galloway. And I'm still Jessica Tarlove. You've had me the whole time. But now you have Scott back. It's Scott full September. That's right. Do you know, so there's actually a business learning in here because I'm much people, I've done a bunch of speaking gigs because I'm still a total fucking whore when it comes to money. You know, August is supposed to be about reconnecting with my family. No, no, no, no, no, no. Connect the dots.The reason we're in fucking Antuckett is daddy takes every speaking gig.
01:58Anyway, so they asked me about managing your brand.And I think one of the things that people don't appreciate in terms of, it's got seriousfast, in terms of real brand equity.Hermes has three to four times the market capitalization of Nike.And it's based on one word in its scarcity.They have created this illusion of scarcity.I bought someone a Birkenback.Nicest gift I've ever purchased for anybody because she wouldn't stop talking about it.
02:22But anyways, when we went in,They did this big presentation.And at the end, she said, she looked around and she gave us the impression.She generally liked us.She's like, if you want, I can put you on a list for the next bag.And I'm like, yes.I didn't even know what it was.Is she going to say, I'm putting you on a list?
02:39I don't know.Tell your kidney.I was there.And they have created this tangible illusion of scarcity.That's also, quite frankly, the genius of Bitcoin.Because of this strategy where you have to throw numbers at computational algorithm that gets harder and harder every time something is mined.they've created a tangible sense of scarcity.And one of the reasons I take August off is when I'm lazy, to, I think it's important to
03:04create, once you get to a certain level of awareness, and I'm everywhere all the time,but to go dark for a little while and create a sense of scarcity.Anyways, I don't know if it's working, but that's my theory.Jess, how was your August?It was not scarcity.I was in everyone's face all the time because people more powerful than I am were taking time off.So I had a great time helming the situation here in Raging Moderates.Yeah, you did a great job.
03:30What was the highlight?I mean, Hillary Clinton.Secretary Clinton?Yeah, it's just crazy.She was everything I hoped for and more.I came home and my husband was like, you look different.And I was like, I am different.I'm a changed woman from spending an hour with Secretary Clinton.
03:45But I was working, got a little time off, but nothing major.But you were very missed, especially in the comments where people are like,when the hell is Scott-free August?I've been reading the comments.That's not true.There's a calendar.No, no, no, no.That's when it's over.
04:01By the way, just for the record, most of the comments were, can it be Scott-free year?Anyways.Maybe over on Pivot.I feel like on raging moderates.It's not as much that way.I bring the rage.I'm sorry, I interrupted you.I love, I'm going to interrupt you more.
04:13Secretary Clinton, and I told you to tell her this off mic, she's legitimately a heroine.She's the only candidate I've ever canvassed for.I went door-to-door for her in 2016.And I especially liked her.take on Israel. I thought it was really nuanced. Yeah. I mean, it literally just articulated all thefrustration I have when trying to articulate my position on Gaza and Israel and the conflict there. I thinkshe is just so balanced and smart and thoughtful and practical. And somehow she's been able to do what,I think, few politicians of her stature are able to do. And that is she's pretty grounded in the
04:44real world. Like, she understands it, okay, you got to make money so you can have taxes and have a Navy.You got to be realistic about geopolitics that other nations, you know, aren't just going to do whateverthe hell it is we want. My favorite saying of her is you can't have snakes in your backyardand expect them just to buy your neighbors. I love that. I totally agree. I thought, and I flagged that toyou that the Israel answer was what we have been looking for, right? As, you know, pro-Israel,Zionists who are also devastated and outraged about what's going on in Gaza and the mass starvationthere. And that there needs to be a change in leadership. And a change in leadership, which she's beencalling for for a couple of years. But one thing that was a major takeaway for me,
05:23was the policy stuff I knew was going to be sharp and great. But she was so warm and normal.And I kept thinking, if you had been more like this during the 2016 election, would things have been different?because she gave that amazing interview to Howard Stern after the election, which was widely heralded as the best interview that she had given, where she was, you know, humble and self-effacing and talked about mistakes that had been made, but also, you know, policies she'd been working towards for decades, you know, all the good stuff. And I thought for some of the people who were on the fence or said, I don't know, she seems kind of cold and aloof. During that hour, she just, she seemed so smart and so chill and warm and like us.You know, that she's doom scrolling as well, watching diaper diplomacy, and I thought she was great.So back to me, when I first moved to New York, I didn't know anybody and I was single.So I said to my sister, I said, do you know any dudes in New York who I can be my wingman?Like, I know there's shit going on.I just need someone to go out and get into trouble with.
06:26And she said, I know this guy who works for Bill Clinton.His name is Doug Band.And it ends up that Doug was literally the right-hand man of President Clinton.When you called President Clinton on his personal cell, Doug answered.And if you look at pictures through the presidency, Doug is usually in and around the president.Really nice guy.I really enjoyed hanging out with him.And I asked him one night, I said, tell me something about the president that no one else knows.
06:55And he said, well, and he thought for a minute, he goes, you know, there's all this news about their strained relationship, Hillary and Bill.And obviously, Bill's, you know, not staying on the porch is pretty well documented.But he said, what people don't understand and no one talks about, if she calls, unless he's literally on Mike, he immediately picks up. And he said, people don't realize how close they are and what a great partnership and how much mutual respect there is. Like they literally make each other, and this flies in the face of some of the news has come up, but they make each other the number one. He said, people just don't realize how incredibly close they are and how often they speak.the affection they have for each other.Anyways, I thought that was kind of interesting.I've experienced them in person, and you can see that.There's deep, deep affection and respect.And, I mean, his major policy role, that's through the 90s, like, she was top advisor on all of that.
07:51And, you know, handing over health care to your wife.You've got to have a lot of faith in somebody to be able to do that.But any fun stuff, like I expected, I mean, we got serious really fast, but, you know, how much you drink, what drugs did you do?Did you? Did you party hard?Oh, you know me, Jess.I just mostly read and did a lot of yoga and a lot of self-reflection.Yeah.Oh, are you kidding?
08:12What drugs didn't I do?No, what did I do?I did, you know, my life is a story of crazy privilege.I was in Antarctica.I was in Colorado.I went to Ibiza.I just got back from Brazil.But it was actually, it got a little much.
08:27I'm not, I'm usually really good of vacationing.And because of the weekends, the way they felt,it felt like I had too much time off.I was antsy.I was texting everybody the last few days.trying to get back into it. I'll start to feeling secure that I was out of the loop in terms ofnews. I feel like I'm really out of, really out of shape. Anyways. Well, you have a mustache alsofor those who are just listening. Yeah, that was an accident. That was an accident. I said,
08:47I affectionately called my second taste. I was in, gross. I was in South Paulo. And I said tothe barber, who's admittedly, is English as much better than my Portuguese. I'm like, justtake it all off. And he left a little mustache. I think I look, I think I look likeBert Rounds if he was Jewish and less attractive. By the way, folks, I'm allowed to mock Jews becauseI am a Jew. That's the general rule among Jews. It's how it works. You've had a bit of a glow-up.By the way, that is Exhibit 22 in the sexual harassment case. You look very nice. What's going on? Are youreggs dying and you're going out and like partying at Shamargo and flirting with 25-year-old bankers? Is that what's going on here?No. I mean, my eggs are dying, but I have only been flirting with my husband and I'm sleep-deprived because of
09:28little people. I have a new bronzer. Maybe that's what you're noticing. How are the kids?They're fantastic. I don't care. I know. All right. Let's get into it. Okay. We're going to launch our ownYouTube channel. Oh, we're spinning out for the mothership. And we're going to have our own. That's right.That's because of the Rogan-like numbers you achieved. So in today's episode of Raging Moderates,how RFK Jr. is upending America's health systems. Congress's agenda for the fall. And she and Putinrelationship. We're going to call that segment.rated. Get it as an X-rated? Yeah. Let's get into it. In just a few months on the job,RFK Jr. has pushed out the CDC director, gutted vaccine programs, frozen billions in research,
10:09and sideline the agency during the biggest measles outbreak in decades. Public health experts,including nine former CDC directors, are sounding the alarm saying decades of scientific progressare being dismantled in real time, but Trump loves it. He's out there bragging, even asscientists warn Americans, that they are less prepared or we are less prepared for the next healthcrisis. Just, you know, we're running around with our hair on fire here, but let's try and bringthis down to what the real world consequences might be of this kind of MAGA slash MAHA alliance atwork. I mean, it's actually hair on fire stuff because people will die. People have already died.But the last week, the development about not being able to get the COVID vaccine unless you
10:52have a prescription, even if you have comorbidities and that CVS and Walgreens are saying thatthey can't offer it right now because of the quote unquote regulatory environment, that's howpeople end up dying. And this isn't because I think that COVID-19 for those of us who arelucky enough to be healthy young adults was the end of the world. It's because there are peoplelike Eric Erickson, who is a conservative commentator, posted about this, said, my wife hasstage four lung cancer and she can't get the COVID vaccine now. She needs that in order to stayalive, and she's been fighting this since 2016. So, you know, there are so many aspects to it.The world of RFK Jr. is broad, right? It's everything from pesticides to water standards to
11:40brain worms and whatever else is going on. But it does feel like this fight over vaccines is reallywhat is at least ringing the alarm bells the loudest. And maybe a controversial position on this,but I saw, you know, Donald Trump posted yesterday on Truth Social about Operation Warpsbeat,and he said, we need more clarity about it.I want Pfizer.I've seen numbers on this, but I want the numbers to be made public because if it really wasas brilliant as people said, then I want that to be out there.If it wasn't, then I want that to be out there as well.
12:17And RFK Jr. is saying, like, yes, this is the right way.We need the transparency.And the truth is, all the numbers have been published.Like, you can't get all of these trials done.you can't be written up in every single important medical journal unless the numbers have beenmade public. But to me, it kind of signaled a little bit of a fracturing in the alliance thatDonald Trump was essentially saying there is a chance, and it's a very large chance,majority of the supporters or the same ones think this, that Operation Warp Speed was the crown jewel
12:46of the first Trump administration, you know, the speed at which we were able to get this vaccine done.And so I saw that as a little bit of fraying, I guess, there, and I hope that, you know, he's just hit with a ton of data and it all gets out there and it can at least silence some of these critics.But I'm very scared for what the future portends and, you know, it's only September 2nd, right?He hasn't even had a full year in office and we're already looking at the gutting of the CDC like that, that letter from the nine former CDC directors.And I wanted to get your take on this because there was a lot of really important stuff.that they said. But what really stuck out to me is that they noted they didn't always agree withtheir leaders, but they never gave us a reason to doubt that they would rely on data-driven insightsfor our protection and that they would support public health workers. And that is the theme
13:36across the administration. The data doesn't matter. If we don't like it, we fire the person,like the head of the Bureau of Labor Statistics. They don't like listening to the data on tariffs,on immigration, on the jobs number, now on health care outcomes. And people are going toto die. What are your feelings? So I think looking back in 10 or 20 years, when we say whowere the unsung heroes, I think Chairman Powell, I think Chairman Powell is going to go down.And by the way, a Trump appointee as one of the great economic heroes in terms of taminginflation, bringing it down from like, you know, whatever it was, eight or nine percent tosub three. And I think the unsung villains are the people who will be seen as, wow, how did that
14:19happen. And then the second and third order effects, after they're dead because they're both oldmen, is Peter Navarro, who has somehow got the presidents here convinced him to implementthe most elegant way to reduce prosperity in history, and that is tariffs, of which, you know,it looks like we're going from 3 to 15 percent tariffs are the highest. They've been in100 years, on average, for every percentage point increase in tariff rates. We've gone from, say,three to 15, you get about a 10 basis point reduction in GDP. So if we go from 3 to 15,incremental 12. Some people say it's going to 17 or 18, but let's say 15. That translates to a reduction in GDP growth of 1.2%. And it's already starting to snake through the system and manifest. And that is it looks as if our GDP growth, which they thought was going to be about 2.8% is, now going to be closer to 1.7. And the thing is, these numbers are so misleading because they think, well, from 2.8 to 1.7, that's not terrible. At 2.8, that means the economy is doubling about,every 28 years. And when the economy doubles, people's standard of living doesn't double,
15:24but it goes up dramatically, as long as inflation doesn't keep pace with that. And so in yourkid's lifetime, you know, when your kids are thinking about buying their first house, we couldhave an economy double the size if we can maintain 2.8. If you're at 1.8, that means the economy'sdoubling about every hopefully, not every 25 years, but every 40 to 45 years. So it justmassively delays prosperity. And if we want to talk about solving the deficit, if we want to talk aboutthe resources to have high-speed trains, if we want to have the resources to continue to havethe most devastating and lethal military force in the world, a lot of it just comes down to this.You have to have good economic policy. You have to have competent professionals, but you have to
16:10have growth. The thing that has killed the UK the last 10 years is there's just not a lot of moneybecause the economy isn't growing. So it's something the Democrats have not done a good enough jobis talking about growth. It's like, okay, growth needs to be the agenda, not trying to buy votesby throwing money at people. But that devastation, that elegant way of not only reducing ourprosperity, but raising crisis for Americans and fraying these 80-year alliances, I think it's going togo down in history as the ultimate shooting yourself in the foot and then taking the gun andsticking your mouth. However, in terms of real despair,people's life, real grief that was unnecessary. It could be the tens of thousands, the hundreds of
16:51thousands, or perhaps the millions of deaths and amputations that will come from a discrediting of science.Because to assemble the type of excellence in scientists that the CDC and the National Institutesfor Health, our crown jewels, have assembled over decades, these people, instead of going towork for Pfizer and making a half a million to $2 million a year in stock options go to work forthe government at 200 grand a year because they want to make a difference. They want to figure out a waysuch that measles stays eradicated. If you were to ask thoughtful people, experts, and I dothink that expertise is a thing and it matters, what have been the greatest innovations overthe last 100 years, I think most people would immediately, because we're so obsessed with technology,
17:39go to GPS or go to DARPA or the internet or something like that,I think that it would probably write up there, if not number one, would be vaccines.So just some data.So smallpox, which was around for about 3,000 years, in 1980, they said it was officiallyeradicated.Like we did away with it.Polio, my first day at Morgan Stanley, and this is a great foot in your mouth moment,they assigned me an assistant, and we're walking upstairs.
18:04I said, hi, how are you?You know, this young, attractive Latino woman, not that that makes any difference.And she had a bit of a limp.And I said, oh, what happened, assuming it was like, you know, stupid white guy, like she did playing in some softball league or something.And she said, I, polio.That's not a great way to kick off your first conversation with your assistant.Not ideal.It only got worse for me at Morgan Stanley from that point in forward.
18:23Anyways, polio cases have decreased 99%.Measels, the vaccine for measles has resulted in the aversion of over 60 million deaths since just 2,000.And tetanus, newborn deaths due to the disease, have decreased 96.7%. And when you have measles and rebella, you're talking about kids who, there's a lot of death, but a lot of these little kids are going to have limbs and digits amputated. That's what measles does when it goes untreated. So it's as if we're not only not making as much progress. I think that the thing you would say about the EU is that they just haven't made as much progress as other nations. China's kind of eaten their lunch. If you look at economic growth of China, it hasn't come at the cost of the U.S. The U.S. still has the sameof unicorns, the same number of billionaires as a proportion of the rest of the world. It's come at theexpense of the EU. And the primary culprit in the EU is that they haven't grown. We've decided,oh, we're not only not going to grow, we're going to regress. We're going to move backwards in time.We're going to have economic policies of 100 years ago. And we're going to take all the
19:28incredible advances in medicine that save lives. And we're going to roll them back. I can't thinkof the analogy here is Stalin put in place a bunch of chroma.not experts. And one of the experts who put in place with some military expert or a general or something,and you put him in charge of agriculture, which is a big job in a food-based economy at the time.I don't think it was an energy-based economy. It was an agri-economy. And he decided, oh, the best way to double productivity was to plant seeds twice as close to each other,despite the fact that that just doesn't work and actually ends up hurting crops and resulted in a famine that killed tens of millions of people.And that's where I think we are now, as we've just said, oh, don't trust experts.trust your gut, trust your opinion. And that is not only bad news, but this purposely trying to
20:15unwind. It's not going to be like a Democrat gets elected and immediately rehires these people.These people are going to go on to do new things. And they're going to decide, well, what happensif J.D. Vance gets reelected in 2032. I just don't want to take that chance. And this issuch a frang of our society because it used to be we had political arguments. And then when the datacame in or a doctor, an actual expert came in and said, no, this vaccine is safe,we all rallied around that. And what was interesting with vaccines is the anti-vaccine movement startedon the far left back in the kind of 70s and 80s, you know, don't put anything in your body,free to be you and me, just eat granola. And then the far right embraced it. And I think
20:56it's hell for a really, really shitty idea is what I call the 40 tests and a negative 40 Celsiusand Fahrenheit meat, creating an inhospitable environment. Whenever the far left and the far rightcome together on something, it's usually a really bad idea.But I think RFK Jr. will likely go down as probably in terms of death disease and disability, one of the most damaging figures of this millennium. Your thoughts?I'm with you. And while you were talking, you mentioned Stalin. I thought about, do you remember the movie, The Death of Stalin, where Steve Buscemi plays Khrushchev?Yeah. And it's kind of what you imagine is going on in the White House right now. This is not about Trump being dead. I know that's the left-wing conspiracy right now. But you just have like eight.people that are doing all the jobs, and they're all a little bit insane, and they all havetoo much power. And that's in every single division. Like, Marco Rubio is even kind of making jokes
21:51about it. He's like, you know, Russvote seemed like he didn't have enough jobs. So I'm going to give him,you know, control of finishing off USAID as well. You know, Rubio has four jobs at this point.You know, you can't get enough people who will go along with what it is that you want them to do.And you're completely right about losing top talent and, you know, some former folks from the CDC have been speaking out about this, giving interviews, talking about career trajectories and what they could have gone and done with their lives.But they wanted to make sure that they could serve the public.And I've been watching Bill Cassidy, Senator Bill Cassidy from Louisiana, having a live meltdown.on social media, he's fighting with anti-vax wackos about, you know, how good the Hep-B vaccine is.When I say anti-vax wackos, I'm also including Rand Paul in this. He's fighting with Rand Paul about maternal health care.
22:49And I thought in preparation for today, I was going to check out, you know, who of the Republican caucus or doctors before they came into public service.And so I went on their websites, and there are four of them, Rand Paul, who's an ophthalmologist.So maybe that's, you know, not the same thing.But then you have Roger Marshall from Kansas, who has sane moments, like, where he's defended USAID and said, you know, we're not just going to go and burn tons of food.You have to get it out there.He was an OBGYN that's proudly delivered over 5,000 babies.I'm like, you're part of the party that has stripped millions of women of reproductive health care, and you're an OBGYN.Like, I get it.
23:25You're pro-life.But these things, they do not add up.John Barroso, Yale, educated, an orthopedic surgeon.standing by and voting for this. And then Bill Cassidy, who was really kind of like the decidingholdout in terms of RFK Jr. getting through. And he said that he got, you know, all of thesepromises from him and that the vaccine panel is going to meet. That never happened. Right. The CDCdirectors, they're saying we never briefed RFK Jr. on anything. But I'm looking through what heused to do. The guy ran a hospital for the uninsured, you know, making sure that 36,000 greater Baton Rouge area
24:01children are vaccinated against Hepby at no cost to the school or the parents. Can you think of anythingthat is less commensurate with the modern GOP than who Bill Cassidy was before Donald Trump or DonaldTrump even 2.0? This guy also voted to convict for the second impeachment, right? He was one ofonly a few that stood up and said, no, Donald Trump actually did incite an insurrection. I'm not going toleave this for the courts like Mitch McConnell. I'm going to say right here right now that he's guilty ofSo you could take a stand like that against a vengeful president who's definitely coming for you.But you can't say as a doctor that has treated thousands of children and protected them from the thing that RFK Jr.abhors the most in the world that you can't support his candidacy.
24:47And a colleague of mine mentioned this during the confirmation hearings for RFK Jr.And I thought it made so much sense.And I was like, why didn't they do this?You could have just given him a role at the Department of Agriculture.Right? You could have said the Maha movement is foundationally about getting the dyes out of our foods and pesticides. And let's just put you over here. I'm not even saying that you have to make him the head of the USDA. But just you rope him along. You got his voters, right? He was out there campaigning for you talking about how bad the Democrats are. Put him somewhere where he can focus on the least frightening aspects of his ideology. They've given him license to tear down something that is so.so foundational to the safety of Americans is heart stopping to consider. But I was doing one of thoselike, how did we get here moments, right? Because this has happened. There have always beenanti-vaxxers and you said it started on the left and it goes to the right. And I agree about
25:44when the far left and the far right meet. That's what scares me about Bernie Sanders and DonaldTrump, right? How many voters there were in crossover. But you have to go back to the pandemicand think about how the country was managed during that period to understand.how the pendulum swung so far to the right so quickly.And when I posted about Bill Cassidy,I got a lot of responses that were citing this letter.I don't know if you paid attention to it at the time,but in June of 2020,
26:14over 1,000 healthcare professionals signed this letter saying,you know, I know there are stay-at-home orders,but if you were out protesting for social justice,Black Lives Matter after the murder of George Floyd,that that is medically okay.for you to be doing. And it ends by saying, this should not be confused with a permissive stance on all gatherings, particularly protests against stay-at-home orders. And it was so interesting to me to see that coming up over and over and over again in my feed. And it feels like it was that kind of, you know, the match, right, that they threw on this Tinderbox that exploded into people going in all sorts of frightening directions when there was an inconsistency about what they were.allowed to do during COVID. And you know, you said, we can't be the party of the status quo. You can'tsay it's all perfect. But it feels like for so many people, there just hasn't been a proper accounting
27:10of how various blue states. And I mean, there were complaints about some red states like in Ohioas well, but we're managed during the pandemic and that the CDC has become the redheadedstepchild of all of this, that everyone just takes all of their fury and throws it at them. Likethey say the CDC is who kept the schools closed. That's not true.I mean, Jared Pole, as a blue state governor, opened up Colorado when he thought it was safe, and everyone went about their business.Yeah, it's really interesting.COVID will be, maybe the exception of World War II will be seen as probably the biggest influence, maybe in the last 100 years in terms of how it changed our relationship with work, how it changed our relationship with the economy, you know, the deficits exploded.Also, a lack of trust in government.
27:55And I think a lot of a reverse engineer to income inequality.and that is if you were fortunate enough to be, you know, had some money.I've said this and I'm not proud of it.COVID was the best two years of my life.It meant more time with my kids.I was traveling, I was molesting the globe, traveling, you know, talking to clients in personand trying to make money.And then when everyone embraced Zoom because of COVID, and I got to go boogie boarding
28:18with my kids in the afternoon because I have money and I live in a nice place.And then, oh, I get to watch a lot of Netflix with my family, not being on a plane all the goddamn time.And my stock skyrocketed because of a stimulus plan where we said, let's take kids credit cards and flush the market with stimulus.85% of it wasn't spent, meaning we overspent by 5x.So where did it end up?And ended up in the market, ended up housing, housing from 290 to 420.Market skyrocketed.It was a gigantic opportunity for the incumbents to get rich on future generation credit card.
28:48It scarred people in terms of school because, and by the way, I got this wrong.I was a lockdown guy.And you were in Florida at the time.I was in Florida.Yeah.I said, look, if we can manage to stay six feet away from one another for eight days, the virus goes away.For me, it was just math.And then I, you know, did a little bit of reading from people knew what they're talking about.
29:10I'm like, no, the viruses and pandemics don't work that way.People don't work that way.That doesn't work.Everyone's going to get their turn of the woodshed hair.But what's interesting is I think the CDC, and you pointed this out, Trump deserves real credit around Operation Warp Speed.the Chinese and the Russiansall announced vaccinesno one was lining up
29:28for Chinese or Russian vaccinesand when a devastatingglobal pandemic challengefaced the worldwho kind of if you willcame to the rescue and saidall right who's the smartest kid in classwe've got to try and defuse this bomb
29:42who is the smartest kid in classfrom a standing start granted we had more resourcesbut who knows it could have been someoneyou know out of Japan or whateverit was definitely the USand that was an enormousbrand-building event. And Trump deserves credit for that as does our health and scienceinfrastructure and our great pharmaceutical companies who really went balls of the wall,
30:01if you will. Where they really screwed up was in their communications and messaging.I remember a lot of medical professionals saying, don't wear a mask, don't hoard them,they don't work in the beginning. And then all of a sudden it was like, just kidding,you have to mask. And then what I didn't realize, and I think a lot of us didn't realize,is just the impact having closed schools had on kids and their familieswhen they weren't allowed to socialize with other children.The people with money and adults could be fine,but kids kept out of school, put huge strain on low and middle income families.
30:38And the kids, and I saw this with my youngest, my youngest really struggled,and we didn't know what was going on,and it was just kind of obvious what it was not in school with device addiction.And just things kind of never have kind of come back.And then the other big messaging gaff was the government gave people the impression that the vaccine would cure it.Yep.And you wouldn't get it.No, no, no, no.
31:00That was the wrong messaging.The right messaging was the truth and still very powerful that if you take the vaccine, almost nobody dies.And that is, okay, we can't stop you from getting COVID, but we can mostly stop you from dying from it.And also, I don't think they did a very good job of countering some of the misinformation or,the both-sidism around. Well, there are some side effects, flip a coin. But more than anything,I really think the teachers' unions really fucked up here. I think they sought as an opportunityto use these kids as drug mules and use it as leverage to negotiate greater compensationfor a workforce, which is primarily younger, primarily female, who are the least vulnerable,
31:44and use that, weaponize that to try and get them time off and try and get them additionalcompensation. I think this was a real disservice. They did not step up. As a matter of fact,I think they exploited the situation. And I think so many people were so traumatized by the wholething. It's strange to because I would argue, like, who handled it better than the U.S.? Yet it hascreated this undercurrent of mistrust in our system, in our government, in science, andexpertise. It'll be really interesting to kind of say, well, if this happens again, one,it's going to be devastating because we seem to be dismantling the health apparatus. But what wouldwe do differently around messaging? It'll be hard because it doesn't look like we're going to have
32:30reliable messengers or in general, we don't have a national figurehead that everybody trusts andcan get behind. And so, you know, I mean, Trump obviously did his whole like injecting bleach,But, you know, Trump did a lot of things that are not cool.Remember those shots of Deborah Birx and Anthony Fauci with their head in their hands, like, oh, my God, I can't believe this is happening.Not, again, to detract from Operation Workspeed, which was this huge achievement.But, yeah, we don't have a single source of truth in any respect on any topic that folks can get to.It's Donald Trump's most impactful legacy that you and I, we know what color of the sky is right now.And two people who vote differently than us have a totally different opinion.
33:14But you're right about the school's direct correlation between Democrats losing their edge on who's best to handle education, Glenn Yonkin, winning the Virginia governorship, and Phil Murphy, you know, four or five points winning in New Jersey, you know, just skirting by by typical New Jersey blue state standards because of those schools being closed.And, you know, Democrats are having to do a lot of work to regain that advantage and smart Congress people like Jake Ockincloths.are out with plans for one-on-one tutoring for kids and AI supplements and things like thatto make sure that we help these children that we put in a terrible position because they were mostof the time ones with not enough access that they couldn't, you know, zoom in from the Hamptons orwherever. They might not even have great Wi-Fi at home. And the stories about the kids, you know,parked at a McDonald's trying to do Zoom school on a laptop that was lent to them or a tablet is harrowing stuff.The private sector is responding to some of this,
34:18I guess the adjacent of the anti-science, anti-vaccine movement,and I think it's kind of a giant distraction that's rooted in good ideas,but is, in my opinion, another weapon of mass distraction,is the Make America Healthy Again, the Maha movement.And a lot of large food manufacturers are doing a lot of what I call signalingin response to RFK's Maha movement.Coca-Cola is rolling out.A cane sugar product is an alternate to the high-fructose corn syrup,
34:43sweet and sodas that are available now. Okay, fine. And there is, I think, a very strong argumentthat a lot of our economic incentives and regulatory capture have created a food supply systemthat is just not optimized for health. It's optimized for profits. That's the bottom line.And we subsidized foods that are just not good for you. And meanwhile, the foods that are goodfor you have become increasingly expensive. Starbucks may eliminate canola oil from their menu.Steak and shake will cook its fries and beef tallow instead of seed oils. General Mills,PepsiCo, Conagra, Nestle, Hershey, and Kraft Hines have all pledged to eliminate artificial dyesfrom the products in the next two years. I think he gets some of this right, but again, it's a bit
35:22of a distraction because, and I've been on this for a while, if you wanted to make America healthyagain, I think the two things you could do would be one, increased minimum wage of $25 an hour,make sure that no one goes hungry, and also, and this is less conventional, make GLP1 drugsaccessible and free to people. The obesity industrial complex has been weaponized, and you arefat-shaming people if you talk about it and don't acknowledge that they're, you know,they're not finding diabetes, they're finding their truth. One and a half trillion dollars goes toobesity-related illnesses. 70% of America's overweight are obese. 40% are obese. In Japan, it's4%. And there's just so much money in this business and so many subsidies, subsidizing really
36:06shitty food that you have essentially Washington fighting to make us less healthy and not reinvestingthat money and making kids more healthy such that they don't need or don't feel a need to getcheap calories from fast food that is bad for them, such that they don't have to head out in COVIDdriving their Uber with Diet Coke's and their diabetes medication putting themselves in harm'sway. They're talking about within the system, they're about ideas, but it's the system within whichwe operate, that if people can't afford not to have a second job and are constantly stressed out,they can't afford to eat healthy. They have to just get the cheapest calories possible.That is the system. That's the basis for health. And where it shows up is the people in the
36:46highest decile of income live on average seven to ten years longer than the poorest Americans.It's sad. And RFK Jr. goes to tanning salons. That's my final comment on all of this.Yeah, by the way, most importantly, did you see their health challenge? I like this stuff,this fitness macho shit, the way they went to,I think it was a Marine barracks, and there's this thing. Basically, you time, four time, you try and do 50 pull-ups and 100 push-ups. So you can break him up, five and ten, you know, whatever it is, 10 and 20. And I think RFK Jr., to his credit, he's in very good shape for a guy who's 70. He did it in, I think, five minutes and 30 seconds. And Secretary Heggseth did it, I think, in five minutes and ten seconds. And he was just back to me, do you think I could beat both our Secretary of Defense?100%. Really? Yeah. Really? Totally. I think the mustache would propel you to victory, actually.The stash? Yeah. Your second taste is what would really give you the pull-up advantage.I'm going to do this. I'm going to film it and I'm going to post it and I'm going to do it some sort of charity thing. I'm going to challenge. Who are the weakest people? Who can I troll? I'm not Trump. That's no fun. His kids. I think Don and Eric look like total fucking whims. I think you could definitely beat them. 100%. I think I can beat HECSeth. I think I can beat Secretary HECSeth. Anyways. He's quite.
38:06Stay tuned. We'll post it on our feed.Yeah, this is for the new YouTube channel.It's actually just going to be Scott doing push-ups.And pull-ups. With his mustache.And then having a stroke, that'll get our downloads up.But then we'll treat you because health care matters.That's right.So you'll survive.
38:22All right. Stay with us. We'll be right back.Summer's here, and you can now get almost anything you need for your sunny days delivered with Uber Eats.What do we mean by almost?Well, you can't get a well-groom lawn.delivered, but you can get a chicken parmesan delivered.A cabana? That's a no. But a banana? That's a yes.A nice tan. Sorry. Nope.But a box fan? Happily, yes. A day of sunshine? No. A box of fine wines?
38:48Yes. Uber Eats can definitely get you that. Get almost, almost anything delivered with Uber Eats.Order now. Alcohol and select markets. Product availability may vary by Regency app for details.Oh, hi, buddy. Who's the best? You are. I wish I could spend allwith you instead.Uh, Dave, you're Huff, mute.Hey, happens to the best of us.Enjoy some goldfish cheddar crackers.Goldfish have short memories.
39:18Be like goldfish.Pumpkin is here at Starbucks, and we're making it just the way you like.Handcrafted with real ingredients like our real pumpkin sauceand rich espresso, sprinkled with pumpkin spice.It's full of real flavors you'll keep coming back for.Made just for you.Starbucks. Welcome back. Congress is back in Washington after the August recess given to us byEpstein. I love that he forced us to close down the government a few days early.
39:49Mike Johnson was like, I'm out of here. I don't want to talk about this. We don't want totalk about Epstein. A government shutdown looms just weeks away unless lawmakers can strike aspending deal, but Trump has ratcheted up tensions by unilaterally slashing billions in previouslyapproved funding. Meanwhile, Senate Republicans are considering a rules change to push throughTrump's nominees and a bipartisan sanctions bill on Russia is still stalled until Trump makes up hismind. And hanging over everything is renewed pressure on the release of the Epstein files.Jess, how do you think Democrats should approach the spending fight this time around?Well, I want to start by saying that I'm actually feeling optimistic about the state of the Democratic
40:30Party, which I don't think that I've said since the election. And we've been doing a lot of bitching.And I feel like they're in line.They're doing what they can without any control, which is a very hard position to be in.And they seem to be hearing the chorus from the American public, which is we would just want you to fight.Right.We just need to see that you have a pulse and that you're doing the best that you can with the hand that you've been dealt.And you've been away for the bulk of this redistricting fight.But Gavin Newsom has really taken on, you know, I don't know if he's the nominee in 2028, but he is the nominee today.
41:13100%.Yeah.100%.And I assume that the proposal will pass.We'll get the five seats from California to counteract the five seats in Texas and then hopefully also shore up for swing Democrats as well so that they'll have a safer time come the midterms in winning their seat again.But Politico is just reporting that we could get another three seats.between Maryland and Illinois, Kathy Hokel for 2028 is going to be looking at what she can do in New York.And I get it. Indiana is going to do it on the Republican side, Missouri, Florida is going to see what they can do.
41:48But with Democrats now up between five and eight points on the generic ballot, the expectation is that we still should be able to do fine in the midterms.And that makes me feel good at a base level.In terms of the spending shutdown fight, what do we call it, the looming spending,showdown. You know, we don't have control of anything. So we don't have the best deck that you'veever been dealt. But Schumer and Jeffries want to have a meeting with Johnson and Thune,talk to them about what we can do in a bipartisan way to keep the government open. And that'susually how this works. Like, these are typically not necessarily partisan fights. You know,everyone jockeys for what they want. And this one gets a little of this. And that one gets a
42:29little of that. So we'll see how that plays out. Trump is now doing these rescission packages,though, where, I mean, Susan Collins, who's the Helly Appropriations Committee, has said that it's blatantly illegal, but like they just took almost $5 billion from USAID with the stroke of a pen. And if they're going to be going about this with that kind of approach, that's obviously pissing off Democrats and going to make things more complicated. But one thing that is bubbling that I find really exciting, and I think that you will as well, is that there's apparently a large group of Democrats that want to use the spending fight as an opportunity to talk.about what we could do on immigration. So not something as big as the bipartisan immigrationpackage that we had from James Langford and Chris Murphy, but to say, like, let's get our dreamersprotected. Folks who had temporary protected status from Venezuela, from Haiti, let's talk aboutthat. And it's interesting because this is the kind of deal that you would think normallywithout Stephen Miller, Donald Trump might be interested in. Right. He's not as much of animmigration hawk as the rest of the folks that fill out the Oval Office.
43:34So if they can get somewhere with this, I'd be curious to see if there are any Republicans that are tempted because there are definitely going to be Republicans that don't want to fund the government, right?That happens every time that you lose a few people who are like, you know, we're being so reckless and the debt and the deficit.And, you know, I'm not being too much of a pollyana about it.The odds of it passing or being the cause of being able to keep open the government are very slim.But I think it's cool that we're to have the conversation and at least shows that we're willing to.lead on it. Yeah, there's definitely sort of, all right. I think Democrats have been reallyexasperated, frustrated, incredibly jaded and disappointed by the lack of what was seen as a robust,vigorous, high tensile strength pushback. And the general sense of the strategy coming out of the
44:21Democratic Party was, you know, let them kind of make a mess of it. And we'll come back in 26,but kind of don't get in the way of your enemy when they're doing something stupid. I don't think thatworks. And there's been a small number of voices. I think Pritzker's been good on this.Governor Moore has been good on this. Senator Murphy's been good. You know, people, I thinkSenator Warner is pretty articulate. There's been people who have been effective. I think the mosteffective pushback have actually been media personalities and comedians. But there's no doubt aboutit. And it's both a good and a bad thing. The presumptive Democratic nominee right now,presumptuous is the wrong word, most likely high Assad is now Governor Newsom. And we've gone from
45:02you know there's two stages to this there's resist and push back and then there needs to be quicklyit needs to be followed by in my opinion ideas but he has hands down been the most effectivecountering force to trump's activities one and it's sort of brilliant it's been just mimicking himbecause it's basically just holding up a mirror to him and saying this is how fucking stupid your shit isI mean look at all caps ridiculously narcissistic it's just sort of it's the ultimate and mockery asnot flattery, just highlighting how insanely ridiculous this shit is. And he comes across asunafraid as opposed to the strongly worded letter or good sir in smacking them with your glove.You know, I invite you to a debate at Oxford Hall any time. And it's just sort of people
45:49were ready for this and hungry for it. And also, other people could have done it and tried to doit, but Governor Newsom has the seat to do it. And that is, in the last 10 years, California hasbecome the fourth largest economy in the world. It's past Japan. If you look at the seminal technologythe last 20 years, it's probably AI in terms of creating shareholder value. And I would bet in termsof market capitalization, 95% of those shareholder gains have happened in California. California is anet contributor. They contribute $80 billion. And all the people bitching about all this,typically come from states that are net takers. So I think he has the seat. He has,the, you know, kind of the cleverness. He has the courage. He's definitely, and I said this six
46:36months ago, whenever I would bring up Governor Newsom, I said this on Pierce Morgan as a candidate for28. People roll their eyes and the comments would fill up. He definitely evokes a very strangereaction. I'm never quite understood. I think a lot of people in California think that thegovernance there hasn't been as robust as they'd hoped. But I think he kind of has all of themakings and the contrast. And what he's always been good at, and this is an example of that,he's not afraid to go behind enemy lines. He's not afraid to go on Fox. He's not afraid to get back inpeople's faces. But this has been an enormous win for the governor. This has taken him fromprobably 8 percent likelihood as a nominee to 20 to 30, and everyone else is trying to mimic him
47:16and follow him on the Democratic side. I think it needs to be quickly followed up with programs.As it relates to the budget talks, I'm for shutting the government down. And I'd even go one step furtherthan that, I think that what is going on here is so weird, misguided, stupid, and oftentimesdepraved at the hands of our dear leader that I'm now thinking that we should think abouton the consumer side. There's what Democrats can do. But on the consumer side, I wonder if we needa movement around a week or a month of consumer shutdown, and that is we just stop spendingmoney. I don't think people recognize how much power consumers have in the United States. Ifhalf the population were to reduce their spending for a month by 5%, you know, cancel or not cancel all the streaming media platforms such that and eat out, you know, once or twice less a week, drive less, you say, okay, we're not going to buy the Disney tickets this summer, we're going to take one less trip, we're going to try and drive less, put less gas in our tank, whatever it is, and say, I'm going to take my consumer spending now. If half the population could take their consumer spending down 5%, people don't
48:27realize how much a one to two percent decline in GDP, how much that would rattle the markets andcorporate America. Now, it would come in at expense. People would be laid off. The economy wouldhurt. It would hurt the American worker. But what we have here, America has become a platform forshareholder value. And if consumers basically stood up and said, you know, we're just not downwith the way the administration is acquitting themselves, and we're going to stop spending money for30 days just to show you we're upset and encourage the representatives to shut down the government,I think it would be the first time that we had what I'll call more than just all caps funny tweetsfrom the California governor. Your thoughts? Well, I'm worried. I like the idea. I also like the
49:10idea of some sort of unified action because we are so disparate in the way that we live and what weconsume, the media we're taking in, you know, what color we think the sky.is, et cetera, but I wonder how effective that would be with an administration that seemscompletely impervious to the facts on the ground because you have had data, which I know isnot their favorite thing to pay attention to, but you have had data, right, about, you know,consumer sentiment, consumer spending, the early impacts of tariffs, you've had CEOs ofmajor American companies going into the Oval Office and saying our profits are down severalbillion dollars, right? Like all of Detroit showed up and said, hey, we've got a really big
49:56problem here. You can see, you know, the line in terms of manufacturing employment is goingstraight down, right? This is the thing that Donald Trump promised us would be coming back andcoming back on day one. It's going the opposite direction. And frankly, the Trump administrationjust doesn't give a fuck. So if we did that for 30 days, do you think that it would actuallyelicit any sort of policy change or it would just be more?of a galvanizing force for American vibes as we head into a new election where hopefullythere would be some sort of balance of power change and we could have a formal check onthe Trump administration and the Senate, which I imagine is not going to go blue.
50:39I think that's exactly right. I mean, if you think about what's strange about all of thisis that if the two sort of seminal moments in terms of dramatic change in policy and the waywe approach governments. The first was, you know, the Declaration of Independence, and then probablythe second was the end of slavery and deciding that our economy needed to reconfigure and the peopleholding all the economic power and the people who were supportive of slavery. We went to waragainst each other and changed our governance, our approach to governments and our rights andamendments, et cetera. But the original gangsters were the founding fathers who said,okay, we're going to set up a government that, quite frankly, is based on what are considered
51:17traditional Republican ideals. And that is we don't want a king, we don't want any one idea,any one person to have too much power. There needs to be limited government power. We needdiversity of opinions, diversity of power that slows things down. And we create threeco-equal branches of government. And what it looks like now is that we don't have enoughdiversification. And there's, it's not co-equal. It's the president and the two dwarves.It feels like our justice system either lags. He just starts todoing shit and sees if he can get away with it. And if it gets pushed back, fine, no shame.Shameless is not a superpower, but it is his superpower in some ways. And that Congress feels
51:57neutered. They control Congress, total lack of leadership. All Republicans are scared to death.It must be amazing to be an elected representative because none of them speak out. They allline up. And the Democrats are seen an American, what surprised everybody is Americans would ratherhave strong and depraved than somewhat right and weak. They just don't want.It's not hot.Yeah, it just doesn't like in any.It doesn't work.Yeah.
52:21So I wonder if, okay, how do we develop another co and co-equal branches to stop this?And I think the power that people don't realize they have is I think about it.I think, okay, if I take to social media, I'm doing a call, I'm name dropping because I'm desperate for your affirmation, but I'm doing a call with a very senior senator who said I want advice on messaging and I want advice on platforms and new media.media, which probably just means I want you to send money and pretend I care what you think.I hope it also means that we'll have he or she on our podcast.Oh, yeah. I really want this guy to run for president, but I think it's going to.Anyways, the current vibe among Democrats now is we need to do a better job of meeting voters where they are.We need to do a better job of social media messaging. I get that. But I'm now really into this
53:09idea of developing a new co. And that is, if you could figure out a way to rally Americans such that they, in fact,reduce spending and it starts showing up in the numbers, all of a sudden, I mean, this is what we want.We want Trump and the Republicans. We want the MAGA movement to have to come to the tableto say, okay, we're not going to create an environment where the best and brightest are all leavingour health infrastructure. Okay, you need to talk to us about your approach to immigration.We're all for better immigration policy. And let's note that during the Biden administrationand the Obama administration, they were deporting more people than they are now. They're just doing itmore performatively in a more desperate to pray of way. But there's no one who has been able,
53:51there's no entity, there's no co, if you will, that has forced the MAGA movement to come to thetable and negotiate around what the original founding fathers wanted, and that is they wantedparticipation and representation across the plurality. And that just doesn't exist right now.You know, there's one branch of government right now, and he's orange with big ankles.The other idea I have is I think that there's an opportunity right now to mint or minea resistance coin. I think a lot of people out there would give 5, 10, 20, 100 bucks, buy a coin,send the value way up, and potentially use that money to try and get moderate. Republicans aretrying to get moderate issues that are funded because they are raising so much money.
54:33Another $5 billion, the journal I had this morning. The Trump family has a new coin that made $5 billion.And that's part of Gavin Newsom wants to have a Trump resistance coin as part of this. But I like that idea,because now also people don't want to give,certainly not giving to the DNC.Yeah, no way.It's irrelevant.Well, it's totally irrelevant.And also people are concerned
54:53that their donations are not goingwhere they want them to.So they still give to individual candidates.But yeah, if there was like a saved democracy fund,everyone that I know would be smashing that button.Yeah.I've been actually looking into this.I think you'd have to do it.
55:08I think you'd have to host it, if you will,or do the legal framework offshorebecause I'm worried now that the DOJ would actuallybe weaponized to come after you, the IRS.Like, we need more capital and we need a bigger stick. And I think consumers don't realize we have a consumer-led economy. Two-thirds of our GDP is consumer spending. And that's unusual. Most economies are either business economy or an energy economy. We're a consumer economy. And a one or two percent decrease in spending that's tangible or can be reverse engineered to that creates a massive headache for the administration. Anyways, let's take a quick break. Stay with us.Reading, playing, learning.Stellist lenses do more than just correct your child's vision.They slow down the progression of myopia.
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56:30You're richer than you think.Welcome back.Before we wrap, you probably notice we dropped a pilot we're working on here at Prop G Media.Little ad, a little unpaid ad here, Jess.It was great.It's going to get so far, isn't it?I'm sitting here my Viori, by the way.way. I'm wearing my doctor's housewife douche-wear a leisure today. So in sum, I want to sell
56:52property media for a ridiculous amount of fucking money so I can go to Nantucket for two months nextyear. And the strategy is we want to have more and more voices. It used to be just yours truly,which means you have a practice, not an enterprise. And I want to expand it to an enterprise. We'vebrought him multiple voices, just being one of those voices at Elson and Property Markets. And I thinkwe need to get to five or six voices to have a real tangible, what I'll call enterprise. And so I'vespent some of the summer thinking about where the wide space was. And as I think about all of ourpodcasts, I thought, what is the, what is the most important entity topic that gets the leastamount of really solid coverage or discussion or discourse? And I kept coming back up with the topic
57:34that is always related to every issue or almost every major issue economically and geopolitically.and that has, in my opinion, terrible coverage is China.And that is one day, based on the TikToks I see,I'll believe that China's fucked because of a demographic collapseand over-leveraged real estate.And then the next day, I think they're unbeatablewhen I see these TikToks of B-YD or of their dark factoriesor the fact that they're scooping up all these incredible relationships
58:00that the U.S. seems hell-bent on destroying after 80 years.But I feel as if there's a lack of good information.And then I don't know if you'd listen to Propcheon markets, just,but we had a regular guest named Alice Han,who's one of our most celebrated guests,who is an analyst of Green Mantle covering China,is lived in China.And then her co-host is James King,
58:19who used to cover China for the Financial Times.And I'm tuning my own horn herebecause the pilot's out.It's done really well.But there's just some super interesting things.I want to get your reaction that I hadn't realized.The most disturbing photo, I think,as it relates to a diminishing or an erosion,
58:38in our geopolitical power was that photo that came out from the summit where so quick trivia questionI know you'll get this right who has she met with more than any other geopolitical leader politicalleader I assume Putin but ding ding ding ding ding okay Putin I win you win Alice basically said thatthe biggest winner at the summit between Trump and Putin was in Washington or Moscow it was in factBeijing that essentially all things are coming up roses for China thatTrump has managed to thrust India into China's arms and Russian to China's arms. And James had thisstory that really struck me how much things have changed, and that is essentially there's thisriver. The Chinese border, northern border, the borders, Russia is tense. And there used to be border
59:25skirmishes. They don't like each other. And we take for granted the lack of investment we needto maintain the longest border in the world, longest undefended border, which is the U.S.Canadian border. It costs us nothing because we don't need anything there.They have to have troops there. They don't want to have troops there. They want to have trade there so they can focus on the southern part of their border in case they decide to invade Taiwan. And the natural geographic barrier is this river called the Amor River. And in Chinese, the name means Black Dragon. But 10 years ago, there wasn't a single bridge across it. And now there are three bridges across it. And the trade across between China and Russia just across this river is a quarter of a trillion dollars. Exports from Russia toChina have increased from 10% to 30%.I mean, these guys, we have done exactly what we should not have done, and that is we havethrust three entities into each other's arms, specifically India, China, and Russia.And in addition to having a GDP that rivals combined actually is greater than Europe
01:00:27and is getting close towards the U.S., what they have is technology and capital, energy fromRussia, and the largest emerging consumer economy in the world, and they basically all cometogether, not because they like each other so much, but because we have been such fucking idiotsand have been so heavy-handed and have threatened them. And the most recent example of howstupid our economic and geopolitical strategy is, oh, India, you're buying oil from Russia. We don'tlike that. I'm mad. 50% tariff. They don't even respond. And we lower it to 15% of Marco Rubiogets out his knee pads and puts out a tweet saying, oh, you're a great nation. Here's to our friendship.they're basically incenting everybody to do fucking nothing when we threaten them because our threats hold absolutely no weight.
01:01:14And it just struck me how China, I'm now, after listening to this podcast, I thought people just don't take seriously how deft and measured Chinese leadership has been in terms of growing new alliances and taking advantage of a fractured, reckless and quite frankly somewhat sclerotic U.S. Any thoughts?Well, my first thought is that I thought the podcast was great. And I've listened to Alice onProfi Markets before, but I thought she did a wonderful hosting job. It felt like a very organizedconversation that had interesting insights, but was also done on a level for anyone'sgrasp of what's going on with China. Like, it felt like somewhere that you could go if youdidn't know everything about it. You know how sometimes you listen to a podcast and it's likeonly for people that are steeped in this, it felt very accessible. That was the word that I waslooking for with two very bright people. So I think it's a great thing, and I hope that it does
01:02:13super well and becomes part of the Profji fam. In terms of the Shanghai Cooperation Organization Summit,which is what's going on, you know, the timing of this, that essentially the deadline that we gaveto Putin, right, that he was supposed to, you know, have new terms and meet with Zelensky, that insteadthis is what he's doing sends the clearest signal, right, that we are not the world thathe wants to function in. We're not the world that he is going to function in and that he hasfound other friends. And when you look at the pictures, so obviously President Xi, PresidentPutin and Prime Minister Modi are, you know, the central figures of this, but there were overa dozen other leaders. And it's a who's who of the absolute scum of the earth, right? North
01:02:59Korea is hanging out there. Myanmar is hanging out there. Iran is hanging out there. And you just think, how did we mess this up so badly that we have driven? I mean, some of these people are just fundamentally like that. But someone like Modi in our relationship with India, that we have driven him into their arms to the point. And the New York Times mentioned this in their write-up of the summit. I thought it was really important that Modi has sprayed pictures of this all over his social media, which sense of,very clear signal that like when you look me up, I want you to see me standing next to China andRussia smiling. And the underlying principle or the connective tissue of this summit is creatinga bulwark against our trade wars that we have created for no apparent reason. I mean,arguably, we need to continue to push back harder against China. But a lot of these tariffs thatwe've come up with are clearly just, you know, the stuff of nonsense that someone dreams up in themiddle of the night. And then we don't hold anyone accountable for it. And there are no standardsthey actually have to meet. I don't know if you were following this plot line. Well, you were
01:04:08off in Nantucket. But, you know, Trump's out there bragging and we're getting $600 billionfrom the EU and we're getting this from the Japanese in none of the actual black and whitewriting on what the deals are. Do they owe us anything? You know, there's no reason to believe thatTim Cook has to spend $100 billion here either. Like, it's all fantasy land stuff. But what's going onat that summit. And what's going on in that part of the world is very, very real. And one of thehighlights for the summit will be on Wednesday, this military parade, right? The President Xi isgoing to have, going back to, you know, Donald Trump wanted a military parade. And we said,well, that's the stuff dictators want. And lo and behold, that's the stuff dictators want. But he's
01:04:49going to have Putin with him. He's going to have Kim Jong-un with him. And it's to commemorate the 80th anniversaryof the end of World War II. So that's what's going to be going to be going to be going.going on over there while we're having all caps tweets over here and our press conference aboutJeffrey Epstein, which is still important, but what they're doing is even more important.Agreed.It feels like this totally missed plot line, and I'm glad there is a pod that will be focusing on it.It's interesting. The other thing that came out in the pod that I hadn't realized is that one ofthe biggest beneficiaries of the war that we don't talk about is North Korea.
01:05:24Russia has been paying North Korea $2,000 a month for every soldier they send.that they send to die.Yeah, essentially.Yeah.And supposedly, or their estimates are, that North Korea has garnered about $20 billionfrom Russia for troops and supplies.Keep in mind, the entire GDP of North Korea is $27 billion.And so if I'm doing my math correct, that would be like somebody buying or Europe
01:05:53buying $20 trillion in goods to funnel through to Ukraine.I mean, North Korea is a big winner here.And then what you were saying about, you want to talk about like a three stooges or Groucho Marx level of self-inflicted injuries among a ton of self-inflicted injuries.The one we're not talking about and that you brought up that could have just devastating impact on it and with such an own goal is India.India is a democracy.India has more Ph.D. students. India is English speaking.And the two things we have done, one, these stupid tariffs, these reckless, like thumbing our middle finger at them to an economy that is now the largest, has more consumers, as the most populous country in the world, is adding more people to the middle class will likely be one of the biggest consumer economies in the world.It's the fastest growing.
01:06:44It's basically where China was call it 10, 15 years ago.And then the other thing we've done that people aren't talking about is all of this nonsense around persecuted.international students and our academic institutions, that registers and lands really hard, especiallyon India, because as someone who works at what is an elite institution, the pipeline of some of thebest and brightest in the world into academia is from India. And it's created so much goodwillbetween the two nations. If you walk through Stern, probably a third of our kind of best and brightest,the most revered people in peer-reviewed research or in the classroom,whether it's Aswatimotoran or my buddy Bissantar, you know, Arun Sundarajan, Ardine, Ragu Sundaram.
01:07:33What do they have in common?They all came up through this Farm League team of a billion peopleand established themselves as some of the brightest artists working people in the world.And in exchange for that incredible commitment and intellect, they got the ultimate prize.They got to come teach at a U.S. university.and you develop empathy and links and we do trade together.And, you know, for a long time I was thinking, I've got to go to India because I have so many friends there.And we are literally like we are absolutely tearing up those bonds.
01:08:03So the notion that the emerging consumer economy the next 20 or 30 years,they will have a lot of money to spend on its military,will come up with a ton of interesting technology around AI, chips of their own,is now looking east towards Russia instead of west towards the U.S.and it didn't have to be this way.If they were forced to choose, the logical choice would have been the U.S.,and they shouldn't have been forced to choose.We should have gone carrot, not stick here.
01:08:30But this is something that is going to take us a decade to repair.And George W. used to talk about the axis of evil being, I think it was North Korea, Iraq, and Iran.The combined GDP of those nations were a trillion dollars.These nations have combined, you know, that are basically uniting against us to say,we're sick of the fucking crazy uncle trying to muscle his way around and do these stupid karate moves at a Thanksgiving dinner and trying to intimidate everybody.They have an enormous economy. In addition to enormous economy, consumer demand, technology, capital energy, what they have that the EU doesn't have is they have a willingness to sacrifice.Russia will kill and injure a million of its own people. China has a history of starving people if they need to if it consolidates power.these nations are not afraid to sacrifice. Meanwhile, the EU, Europe, which is being invaded,
01:09:20has stepped up economically in terms of funding for Ukraine. But what would it take to get theEU to put boots on the ground? They'd rather let Europe fall, or at least the Ukrainian part ofEurope fall, than actually put one of their kids on the front lines. And I'm not sayingthat's not the right move. But the bottom line is the guy or gal who's willing to like,actually, okay, I've not only got fists, but I'm willing to throw them, even if it means Ibreak my hand, you know, we have lost that will. And what you have with these three nationsis they, quite frankly, they kind of have it all. Technology, capital, energy, and a willingness tosacrifice. And we have thrust them into each other's arms. We have essentially created an
01:10:05axis, a very powerful axis, and it didn't need to be this way. And I said a year ago that I thoughtthe new swing votes in the world, we're going to be the kingdom of Saudi Arabia and India becauseof their economic might, and the fact that they kind of occupied that middle ground. And what havewe done? India no longer looks like a swing vote. It looks like they've gone to China and Russia,which makes our relationship with the kingdom even more important. And what I hate about Democratsin their purity test, about rolling their eyes, about human rights issues in the Gulf, it's like,well, folks, we can no longer afford to be this purist. We have to have a really strongrelationship with the kingdom. Because one by one, we are alienating the strongest nations in the
01:10:44world. And the one thing they will all have in common is they will put their differences aside andcome together because we are acting like such assholes. And to make money.And to make money. I just wanted to add quickly, India exempt from this, but it is a lot easierfor folks to develop a hundred year plan when your elections are meaningless. And we are toooften trapped, I think, by the bounds of that, thinking the worst thing in the world is if youdon't have your seat any longer. Well, the worst thing in the world is a lot bigger than whetheryou are actually sitting in Congress or in the Senate. And on the point about what's going onwith immigration here and, you know, our elite universities, the Chinese have said to our scholars,
01:11:29to the world scholars who would typically come here to build their labs, no problem. How much money do youwant, what university would you like your lab to be headquartered at?100%.And that's going to have enormous implications, not only on our economy, but just, you know,the future of science and technology and medicine.It's very disturbing to watch.And, you know, this is only two weeks after the Trump Putin summit in Alaska.It feels like a complete boomerang.
01:11:57Also, I wanted to add, and I know we have to go, David's been popping up.It was noted as well in one of the write-ups of what's gone on so far.at the summit that Putin called Xi Jinping after he met with Trump to make sure that they debriefed.So that's who his daddy is, right?He comes here and everyone says, or the Americans would have you believe, oh, you know, we showed our might and we flew our B2 bombers over them.And, you know, we showed him really who's boss.No, we know who's boss because if you're running home and you're tattling to the Chinese president,that's the relationship that you really care about and that you know you have to keep in good status.
01:12:34I don't mind politicians being whores. It's when they're such cheap horrors or if they can be manipulated, fine, but when they're so easily manipulated, it's really disappointing. I mean, and with respect to our geopolitical threats and our economic policies, the way I would describe it is so much has been going on that we forget almost nothing has been accomplished. There really aren't any trade deals that have been accomplished here. No war has stopped. There is no peace force in Gaza. There is no pressure on Russia to negotiate a ceasefire.the only thing we have accomplished is driving our enemies into each other's arms such thatthey become more formidable enemies. Any good news? Do you doing anything fun this week, Jess?I'm just working. But I'm working with you, which is so fun. And it's great to have you back.No, it's like really exciting. It's weird every week to turn up and try to build chemistry with somebodythat you don't really know, except Hillary, because we were. Yeah, because you're too connected from day one.You're two total gangsters. Yeah, I'm in.New York this week. I'm going to Shamargo tonight so I can stare at hot young people and get
01:13:38fucked up. A few of my favorite things. A lot happens here with me not being here. I can'ttell you the stuff I found in the guest bedroom. It's really, it's both compelling and a bit offputting. I sometimes show up here. Every time I come into my place in New York, I have to go,hello, because I'm not sure if anyone's going to be here. But that's all for this episode.Thank you for listening to Raging Moderates. It is great to be back. It's great to see you, Jess.Congrats on everything. Yeah. Our producers are David Toledo and Eric JenickAlthough I don't know how long Eric's going to be around as he is not laughing at my jokes.Our technical director is Drew Burroughs.
01:14:10Going forward, you'll find raging moderates every Wednesday and Friday.Subscribe to Raging Moderates on its own feed to hear exclusive interviews with sharp political minds.This week, Jess will be talking to Republican Representative Don Bacon.You won't want to miss it.Who the fuck is Representative Bacon?What does he do?What is he do?He's a congressman.
01:14:28Yeah, he's pushed back against Trump.He is retiring, though.Oh, we love him then.Okay. I mean, he's still voted for the reconciliation bill. Anyway,Representative Bacon, the last couple of times just has had a Republican on the show, it has not gone well. We need you to bring it.Okay.We've also launched a YouTube channel for the show, so if you prefer to watch, head over there and hit subscribe. What district is represented Bacon?It's from Nebraska. Good for him. Is he a sane Republican? Do we like him?
01:14:53Some of the time. I mean, he voted for the reconciliation bill, so I'm not cool with that. But anyway, you listen and then you'll see what you think.Listen and learn.Okay. Make sure to follow us wherever you guys.get your podcast. You don't miss an episode. Thank you, everybody. Thanks for sticking with us.We're going to bring it in the fall. What an interesting time to be an American. Just have a greatrest of the week. We'll see you all later in the week.
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