The Bulwark Podcast - Will Saletan: Performative Garbage
Episode Date: January 16, 2023RonAnon Johnson wanted to get beat up on "Meet the Press" — so he could weaponize it. Plus, the active moving backward from MLK's dream, Trump gets the ultimate whataboutism, debt ceiling dangers, a...nd a football confession. Will Saletan's back with Charlie Sykes for Charlie and Will Monday. Learn more about your ad choices. Visit podcastchoices.com/adchoices
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Welcome to the Bulwark Podcast. I'm Charlie Sykes. It is Monday. It is Martin Luther King
Jr. Day. And of course, this is the day we set aside for my conversation with my colleague,
Will Salatan. Good morning, Will. How are you?
Good morning, Charlie. I thought that was a beautiful passage that you had in your newsletter about MLK Day, and I hope everyone will read it.
Well, I tried to do something a little bit different because I wanted to include a sermon that he gave.
It's an early sermon from 1957 where he was a great figure for economic justice, but also you cannot separate his Christianity, his very deep and thoughtful Christianity from what he did.
And as a thought experiment, I ask people, you know, compare the role of Christianity in American politics in the 1960s to 2023.
And it's not a pretty picture. Yeah, you know, and I think that young people
today, they think of religion, a lot of young liberal people think of it as a force for
conservatism, a force for often for going backwards in history, a force for oppression.
Ethnonationalism. Absolutely. And, you know, it's just useful to remind people that in Martin
Luther King's day, religion was a tremendous force for good.
It was a force for change and a force for justice.
It was.
You know, on Martin Luther King Jr. Day, I actually thought that this was a parody when somebody posted the official state holidays of the state of Alabama.
I actually thought this was fake.
Have you seen this?
No.
Okay, so here's the official days.
You know, Sunday, January 1st is New Year's Day.
Monday, January 16th, Martin Luther King Jr. and Robert E. Lee's birthday.
Okay.
I mean, I'm not kidding. Okay, so fast forward to Monday, April 24th, Confederate Memorial Day.
Monday, June 5th, Jefferson Davis's birthday.
These are the official state holidays.
Oh, my God.
So for those of us who want to sit back and go,
boy, we have come so far.
I probably should have devoted more time to writing about this,
but Martin Luther King talked about going up to the mountaintop
and seeing the promised land.
But even in Scripture, the promised land's a long way off, and it was a long, long, long, tough slog.
And it feels like we're in a period of retrogression right now.
It feels in 2023 as if there's this aggressive, not just sort of the failure to live up to the dream, but an active moving backward. Do you know what I
mean? I mean, when you're seeing, I don't want to get into the quagmire of debating wokeness,
but this aggressive pushback against any discussion of race or racial justice is more
aggressive than I think I can remember. And I was talking about this with Michael Steele on Friday, and we were talking about how quickly it's happened
that people like the CPAC and leading Republicans
just are increasingly willing to say things out loud
that they would have never said even a few years ago.
And it goes back to this anxiety about change, right?
There's this great replacement theories about all this.
America is changing.
It's scary.
I don't like it.
I want to stop it.
People understand America is change.
America has been changing the whole time.
What stayed constant is our ideals.
You know, just a message to white folks on MLK Day.
America was founded.
It's always been great because it was founded on a great idea.
And the idea was freedom.
But our fulfillment of that idea has changed.
It has improved.
It has radically improved over time.
Martin Luther King is not like – he's not representing those people, those other people.
He's representing us.
He's representing America and the fulfillment of the American ideal.
I agree.
And as I said, I don't want to get into the quagmire of talking about what's happening down in Florida, where Ron DeSantis
has named Christopher Ruffo to the board of directors of a liberal arts college. Kathy
Young has a great piece in the Bulwark about all of this. But what you're seeing is the rise of
these absolute race-baiting charlatans like Christopher Ruffo, who take what could be a legitimate debate and weaponize it in a way
that really seems to institutionalize sort of insensitivity about race or an aggressive
pushback against a needed reckoning with the racial past and racial history.
Yeah, and that's part of what I loved about the passage that you put in Morning Shots today from MLK.
It's about love.
It's about Christian love, and it's about Rufo and DeSantis and this whole right-wing industry is built around hate.
It's built around generating animosity and fear, turning us against them and getting our people to send us money.
And the passage from MLK is not about that.
It's about loving your enemies.
It's about sort of bringing them along and bringing all of us along together.
It is worth every once in a while stepping back and remembering how those values informed everything he said.
I mean, there was a, you know, I think Martin Luther King Jr. Day is a secular holiday, but it also is worth remembering where else he came from.
Okay, so other things to talk about today. I don't know whether you caught a lot of football over the weekend, hell of a wild card weekend.
Amazing. The Jags game particularly.
Wow. Yeah, that was amazing. I mean, watching a 98 yard fumble return for a touchdown,
that's pretty amazing too. Since we're mentioning my morning shots, I also sort of made a confession
about my continued mixed feelings about watching
football, which I love. I mean, I am not pretending that I am repelled or in any way disillusioned by
football, even though probably I ought to be a little bit, given the kinds of injuries that
take place. But I'm just going to confess that this is, I mean, maybe this is just the way we're
wired. I mean, we all know that we're watching our modern gladiators go out there and just crush one another.
And that violence is very much the point of this game.
And extreme violence is what we expect from these modern day gladiators.
And bad things can happen.
And yet, pass the guacamole, because this is my favorite time of the year.
And I'm not proud of this necessarily, but that's just the reality. And I have to admit it.
Yeah. Just one point in defense of football. It is violence, but it is controlled violence. It
is not literally gladiators who got killed. They died, right? You know, when somebody nearly dies
on a football field, it is a generally a freak accident, not a routine occurrence. So the underlying question of football is, do people need some sort of outlet that
involves physical confrontation? And if so, what is the least dangerous way to do that? Arguably,
football satisfies that need. Okay, so let's talk about the story of the day. Where should we start
the festival of whataboutism and hypocrisy that is
breaking out over the Biden document story. Look, I was on Morning Joe earlier this morning and the
signal froze up, get technical problems. So I don't know whether anybody actually heard what I
said. I have no control over that. But, you know, there are three things we need to keep in mind.
Number one, the Biden story is very different, fundamentally different from Trump. There is a false equivalency. That's number one. Number two, there's going to be a lot of hypocrisy and there's going to be a lot of overreach. But number three, this is just not good. This is not good for Biden. They have not handled this well. It has muddied the water. It has been a tremendous gift to Donald Trump. It has been a tremendous gift to the House Republicans. And I think all those things are true at the same time.
And maybe people don't want to hear one or more of those. But I am struck by the stumbling,
bumbling response by the Biden White House, which has waited this long to begin to get the story
out and getting the story out in dribs and drabs. What is your take?
First of all, I'm very glad that Garland appointed a special counsel for this. I think that was the
right move. So we now have two special counsels, right? And the spin on the right is that that
sort of underscores that they're basically the same thing and that, you know, and of course,
they're not. But part of why I like Garland doing this is when you appoint a special counsel for
each of these cases, that is not a statement that the facts are going to be the same.
That is a statement that you are going to find out the facts in both cases, right? is one guy, when he found his documents, handed them over immediately, and the other guy sat on them and concealed them and then resisted when he was confronted with a subpoena,
you know, filed a false statement claiming that he had handed it over,
and eventually forced the FBI to come get them because he refused to hand them over.
Those differences will come out because there are going to be investigations in both cases.
Yes, I mean, I hope so. I mean, I hope you're right. But the double standard issue was front
and center yesterday. Jake Tapper had on Congressman James Comer, who's the new chairman
of the House Oversight Committee, and they had a really interesting interchange. Comer, of course,
some time ago went on television and explained that, you know, he had no real interest in
investigating Trump's use of these documents because, well, that just was not a priority, ago went on television and explained that, you know, he had no real interest in investigating
Trump's use of these documents because, well, that just was not a priority. But they are all in
now on the Biden documents. So the people who were saying this whole document thing,
this is a complete nothing burger. Now, suddenly, now it's a very, very big burger. So let's play
Jake Tapper and Congressman James Comer. The average American who doesn't really care
whether the person you're investigating has a D or an R next to their name might listen to this
interview and think, I don't have any problem with anything he's investigating when it comes to Biden,
but how come he's not investigating all the same stuff when it comes to Trump? I mean,
there are questions about influence peddling when it comes to the Trump family. There's questions
about visitor logs when it comes to Mar-a-Lago.
I mean, if you are going to be doing the Oversight and Accountability Committee,
which you've renamed for the American people, not just for Republicans,
it would seem to me that all of it should be investigated.
And I think the influence peddling with respect to the Trump administration
will be a part of our overall investigation, because both Democrats and Republicans have complained about this with the previous two administrations.
So something needs to be done. Also, something needs to be done with respect to how classified documents leave the White House and go to the post presidency or post vice president.
That's another issue we try to we will try to fix from a legislative point of
view. But with respect to investigating president Trump, there have been so many investigations of
president Trump. I don't feel like we need to spend a whole lot of time investigating president
Trump because the Democrats have done that for the past six years. So no one's been investigated
more than Donald Trump who hasn't been investigated Joe Biden. And that's why we're finally launching an
investigation of Joe Biden, the House Oversight Committee, one investigation, and I hope to have
it wrapped up as soon as possible. Yeah, I don't think it's going to be as soon as possible,
Will. Yeah. And Comer is being quite overt there, right? Saying, you know,
the Democrats investigated Trump, so we're just not going to do that. So it's a statement up front
that don't expect fairness from House Republicans. They're going not going to do that. So it's a statement upfront that don't expect fairness
from House Republicans. They're going to ignore everything Trump did. They're going to pretend
that that's okay because somehow what Biden did is equivalent. Of course, we know it isn't.
Can I say one thing though, in Comer's defense, when he says that we need to look into White
Houses taking documents with them, he's right. Obviously, part of what's come out with
these Biden documents is, if you believe as I do, that Joe Biden is sort of a, he's a bumbler,
but he's not a crook. He didn't know he had these documents. The fact that he's got them in all
these different places and that they're relatively insecure does tell you that when presidents leave
the White House, they probably take some of these documents with them. They're probably in boxes with mixed in with other stuff. And Charlie, I would be extremely surprised
if this ends with Trump and Biden. I bet you that if we start going through what, you know,
Obama and Bush and other presidents have taken with them, we're going to find-
I was wondering about that. Clinton?
Yeah, absolutely. Because when you find stuff like this, you're just at the front end of the
iceberg, right? There's going to be a lot more.
Which is why this is such a gift to Trump, because what Trump always is looking for is an excuse to say, well, everybody does it.
Why are there double standards? Why am I being singled out? It is the ultimate whataboutism issue served on a silver platter, isn't it? It is, but I'll defend Trump on this. Everybody, please keep in mind the distinction between
how you ended up with documents in your possession that you shouldn't have had
and what you do after those documents are found. I will defend Trump on the question of, you know,
taking the documents with him. I don't think he put any thought into that at all. I think they
threw boxes onto the plane, took them to Mar-a-Lago, hardly knew what was in most of them, right? So in that respect, he's not worse than Biden,
although he ended up with more of them. But after the point when the documents are discovered,
and remember, in Trump's case, he didn't even discover them. The archives discovers that
there's documents missing. He's got the only copy. They've disappeared. They've gone with Trump. So
they have to go get them from him. After that point, there is no equivalence between Donald Trump and
anybody else in the way they treated the documents. He sat on them. He resisted. He refused to let
them go. Let's play another soundbite here because Adam Schiff was on yesterday and he was also
making it clear that he did think that Biden's mishandling of the documents deserved investigation and an intelligence damage assessment.
So this is Adam Schiff yesterday morning.
I still would like to see Congress do its own assessment of and receive an assessment from the intelligence community of whether there was any exposure to others of these documents, whether it was harmed to national security in the case of either set of documents with either president. Okay, so Will. Well, you
know, this is one reason why I personally love Adam Schiff. Adam Schiff has become this kind of
weird template for, are you a real Republican or aren't you? And you're supposed to hate Adam
Schiff and regard him as a liar and a cheat. Adam Schiff is not that. And his comments in this
interview sort of
underscored to me that he's basically a straight shooter. Has he screwed up sometimes? Yes, he has
overstated what he thought they were going to find in the Russia probe. They didn't find some of that.
But basically, when a politician stands up and says, as Adam Schiff does in this case,
I believe that the leader of my party should also be investigated. Let's find out the facts about these documents, what damage may have been done.
We'll do an assessment of that.
We'll try to clean up these procedures.
He is accepting scrutiny without regard to political bias or political favors.
And I wish that Republicans would do the same thing.
And I'm glad that some Democrats are.
Well, speaking of Republicans, Jim Jordan, of course, the new chairman of the House Judiciary Committee,
was also on and asking, you know, again, playing the double standard card.
Why is it the Democrats who get to decide these things?
Let's play Jim Jordan.
Why is it always the left, the Democrats, they get to decide,
they get to go find the information and hand it over to the government?
I still remember during the Benghazi hearings, I asked Secretary Clinton about the 60 some thousand
emails she had. I said, Mr. Madam Secretary, we don't need to see the personal ones. We don't
want that. This is this is America. This thing called privacy is really important. We don't need
to see that. But we don't exactly trust you and your lawyers to hand over to the committee what
the American people are entitled to see.
Why don't you let us do it this way?
How about a neutral third party like a retired federal judge?
How about we have them evaluate it and hand over the documents?
And, of course, they said no.
They said we'll decide and we'll destroy 30-some thousand emails, which is exactly what they did.
So there's always this double standard. And frankly, that's why we've created this select committee to look into some of this disparate treatment we see
in the way the Justice Department operates. They are just not going to move on from Hillary's
emails ever, ever. So, Will, why is it always the left and Democrats who get to decide? They get to
go find the information and hand it over to the government. It's just an amazing statement from Jim Jordan. Why did Biden get to hand over the documents? Because he did, because he handed
them over. I mean, Jordan is complaining. Why did the FBI go in and search Mar-a-Lago or in his
words, raid, which is not what happened. But when, you know, instead Joe Biden gets to choose to hand
over the documents. Donald Trump could have handed over the documents. Donald Trump could have done what Joe Biden did, had his own people go through, discover the documents, say, hey, I've got some stuff I shouldn't have. Here it is. Right. Tell unequal treatment by the feds, when in fact,
it is one guy being honest and another guy not being honest. Yeah, an important distinction
that's going to get lost in a lot of this spin, right, that when you evade subpoenas,
bad things are going to happen to you. When you voluntarily turn information over,
it is not the exact equivalent, whatever. So speaking of interesting
soundbites from yesterday morning, my old friend, oh God, Ron John was back on Meet the Press
with Chuck Todd. This has been a kind of a long running thing where Johnson goes on and it doesn't
necessarily go well. So anyway, Johnson goes back on Meet the Press with Chuck Todd.
And it was intense.
This was quite an exchange if people have not seen it.
And it is viral now.
I mean, it's taken on a life of its own.
But here's a little taste of how it went with Chuck Todd and Wisconsin's own Ron Johnson.
Your Senate Democrats want to investigate Jared Kushner's loan from the Qatari government
when he was working in the government negotiating many things in the Middle East.
Are you not as concerned about that?
Are you not concerned about that?
And I say that because it seems to me if you're concerned about what Hunter Biden did,
you should be equally outraged about what Jared Kushner did.
I'm concerned about getting the truth. I don't target individuals, target individuals. You don't? You're targeting Hunter Biden multiple times on this show, Senator.
You're targeting an individual. Chuck, part of the problem, and this is pretty obvious to anybody
watching this, is you don't invite me on to interview me.
You invite me on to argue with me.
I'm just trying to lay out the facts that certainly Senator Grass and I uncovered.
They were suppressed.
They were censored.
They interfered in the 2020 election.
Conservatives understand that.
Unfortunately, liberals in the media don't.
And that's part of the reasons our politics are inflamed is we do not have an unbiased media. We don't. And that's part of the things that part of the reasons our politics are inflamed
is we do not have an unbiased media. We don't. It's unfortunate. I'm all for a free press.
It needs to be more unbiased. There's misinformation on both sides, but the censorship
and suppression primarily occurs from the left. It's frustrating. Look, you can go back on your
partisan cable cocoon and talk about media bias all you want. I understand
it's part of your identity. Let me move to what happened in Brazil. Wow. Okay. So, Will,
your takeaway from that one? Charlie, this interview started out with Ron John, as he's
introduced saying, it's been a while. Like right away, you had that feeling like you're at a party
and you're seeing a couple of former lovers and the tension in the room is really bad, just the beginning of the conversation, it only got worse. It's hilarious that Johnson says,
you invite me on to argue with me. I mean, Johnson did nothing but argue from the moment he got in
this interview. And the fact that he's talking about media bias, the liberal media shows that
he went on the show to have a fight with the liberal media. He didn't expect a productive
conversation. He wanted to expect a productive conversation.
He wanted to fight and he got to show his people back home that he was fighting with the left.
You have that exactly right here. And remember after one of his first, maybe it was his first
really bad confrontations on Meet the Press where he was complaining and not answering
the questions. I had a conversation with one of the staffers
who I'd known for many years,
and I said, oh boy, that was really rough.
And I remember being really shocked by his reaction,
which was, no, we thought it was great.
We thought it was wonderful.
And this was just when he was making his pivot
to being Ronanon, which actually did happen.
And what I think he's discovered
is that he
weaponizes these things. I mean, this is what he wanted to do. He wanted to come on and he wanted
to say, see, I am the victim of the media bias. He's confronted with his own double standard.
He's confronted with hypocrisy of like, wait, you're in the Senate. What about Kushner? What
about all of these sleazy business deals? Are you going to talk about those? And
you'll notice he doesn't even pretend to answer the question. He goes right to the talking point,
which again, he's going to use to raise money. He'll repeat this on OAN and Newsmax and Fox News.
So that's exactly what he wanted out of it. And he got what he wanted out of it,
although Chuck Todd did not get an answer to his question.
No, he didn't. You know, Charlie, this is just reminding me of, so our colleague Joe Perticone has a new newsletter called Press Pass. I recommend everybody go out and subscribe
to it. And one of the things that Joe caught in one of his recent posts was about the distinction
between the two committees that the House Republicans are doing. One of them is about
China. That's, you know, supposed to be, we all work together on this issue. The other one is this sort of weaponization committee and it's attacking the media and the
left and the law enforcement because they're against us. And one of the things that Joe
underscores there is that a lot of what the House Republicans are doing is not aimed at the middle
of this country. It's not aimed at persuasion. It's aimed at satisfying their own viewers.
You're generating content for Fox News. What Ron Johnson is doing
in this interview is he's, as you say, Charlie, he's going to raise money off of this. He's
talking to his people. A lot of liberals look at this and they're anxious that Ron Johnson and the
Republicans are going to turn America against us somehow with these kinds of arguments. That's not
what Ron Johnson is doing. He's talking to a base. He's talking to a minority audience.
And he's just trying to satisfy that audience, not trying to persuade America.
And I don't think Republicans will succeed with all these attacks on Hunter Biden and
Joe Biden in actually persuading America.
Chuck Todd also slipped in an interesting point here when he talked about Ron Johnson's
media cocoon, because I think it was the New
York Times that did the story about how many appearances on conservative talk radio Ron
Johnson had made. Look, I mean, I obviously know the relationship between Ron Johnson and
conservative talk radio. I'm not trying to slough that off, but it has intensified.
And what I think Johnson has realized is that he doesn't care what the mainstream media says about him because he always can go back to that cocoon.
And really, in order to understand what happened to him and what's happened to so many other Republicans, you have to come back to this fact that they have this safe space media ecosystem where they can go and they can say anything.
They can spout any conspiracy theory without being challenged.
And if they are attacked or if they are in trouble, they can go and they can get air cover.
And so this has changed the nature of politics because at one time, politicians had to be
concerned about how the general public would view them. And if the media were to catch them in a lie or catch them in a bizarre double standard,
there would be a downside to it. Ron Johnson's been completely liberated and he's kind of an
indication of that. The fact that, you know, he doesn't care he's getting the shit beat out of
him on Meet the Press because he knows he can go on, you know, Wisconsin Conservative Talk Radio
or Fox News and they're going to, you know, carry him on their shoulders.
Absolutely. And Charlie, ask yourself this question. When is the last time you saw Kevin
McCarthy interviewed anywhere outside of pretty much Fox News? I mean, since he's gotten the
speakership, he's been on Hannity. He was on Maria Bartiromo this weekend. He only goes
into this cocoon that you're describing. I don't know how long the Speaker of
the House can get away with that, but that just, I think, illustrates your point. They're used to
this kid glove treatment, and they're used to talking to their fans. I want to talk about the
ridiculous and the dangerous. The ridiculous first, Sarah Huckabee Sanders is the new governor
of Arkansas. I want you to settle that in, that Sarah Huckabee Sanders is the governor of Arkansas. I want you to settle that in, you know, that Sarah Huckabee
Sanders is the governor of Arkansas. And of course, one of her first acts was to launch a
dramatic initiative to lower inflation and to make it easier on the mothers of young children
who might be wrestling with, no, I just, she didn't. This is what she did instead. Our focus is, again, making sure we're protecting our citizens by not using culturally insensitive language.
During the course of the transition, we saw multiple instances of this term being used and individuals actually on payroll with this term.
And we want to make sure that we are focused on empowering our citizens.
Only 3% of Hispanics actually use that term and many find it offensive.
And so our goal is to get that out of state government policy and practice.
The term is Latinx.
So she has banned Latinx from state documents because it is insensitive.
Now, I have gone on record as saying, I think
Latinx is kind of dumb. Nobody uses it. The Hispanic community has rejected it. It is one
of those, you know, eye-rolling things. But isn't it fascinating, Will, that she says,
we are protecting our citizens by not using culturally insensitive language. And that's the one word.
So again, this is playing to the base.
This is that cringy pandering that I suppose she's not quite in Ron DeSantis' league,
but this is the new game, right?
I mean.
It absolutely is.
Now, first of all, Charlie, I want to just tell you that, you know, I'm your friend, but I'm deeply offended that you're pronouncing it Latinx when as an ally of Latinx
people, we say Latinx. So it's just want to be-
Latinx.
Yeah. So that is, by the way, I got that from Elizabeth Warren.
Rhymes with Kleenex. Elizabeth Warren uses Latinx?
Yes. She used that in a democratic debate that I can remember and I'm not sure where else, but
yes, actual Latino politicians think this is ridiculous. You're very much right. I
love the phrase that you used, cringy pandering, because this attack on Latinx, they're literally
banning it from state documents. This is cringy pandering against cringy pandering, right? Latinx
is. Yes. Dueling cringy panders, right. When Elizabeth Warren, who notwithstanding her protestations is a white person, goes around using the term Latinx, that is cringy pandering.
When Sarah Huckabee Sanders comes in as governor of Arkansas, a phrase I hope I will never have to utter again, and as her first act, you know, bans Latinx, pretending that it's significant.
That is another kind of cringy pandering about the other side's cringy pandering.
The fact that she uses the term insensitive just illustrates that the right has picked
up some of the worst traits on the left about, you know, everything's insensitive and this
snowflakery.
And let's not pretend that this is still the exclusive province of the left to be doing this kind of performative virtue signaling garbage.
Okay, so you've used the key word here.
This is all performative.
Let's draw a line under the performative because whatever. to the real danger here, because over the weekend, we learned that Republicans are rolling out this
plan for what they're going to do when they refuse to raise the nation's debt limit. They are
apparently all in on this brinksmanship. And what they're going to do is they're going to roll out
this proposal that tells the Treasury Department, OK, we're not going to raise the debt limit,
but you have to pay Social Security, Medicare, veterans benefits, and the military.
So you'd have to prioritize that.
Now, of course, that leaves out a lot of things, lots of critical expenditures, things like
Medicaid, food safety inspections, ironically enough, border control, air traffic control,
thousands of programs.
And obviously, what you're seeing here,
you're going to hear this from Democrats, is the Republicans are prioritizing payments to
bondholders, including Chinese banks over American citizens. But I think that we need to come to
grips with the fact that this bomb-throwing caucus is prepared to throw a bomb at America's full faith and credit. This
could actually happen. You know, Will, I think there's always been that belief that these things,
you know, there's a big kabuki dance, everybody postures, but in the end, no one wants to crash
the international markets and do all of this stuff. I'm not sure that's true this time around.
So what do you think about the games that Republicans are
prepared to play with the debt ceiling? So I agree with that analysis. And the reason why I agree
with it is because what we're seeing in this sequence of preparations you're describing is
Republicans, they're not talking about defaulting on the debt as a binary thing. Either it happens
or it doesn't. They're talking about it as an incremental thing, right? We'll start the process and we'll pay off some things, but not others,
right? And so when you hear people talking that way, that they can dip a toe into default,
that's them psychologically preparing to actually do it. So I agree that we're headed for them
actually doing it. Now they're going to discover that the pain escalates as they do that, right? There's going to be, I forget, I think it was Jamie Dimon talking about a sequence of events where it's going to unfold as an economic disaster, but it's going to unfold done a lot of damage, some of which will not be reparable. And somebody pointed out something really interesting.
I forget who pointed this out.
When you are negotiating over how many of your debts you're going to pay and which ones,
that is bankruptcy, right?
What Republicans are describing, this process of, well, we'll negotiate over how much of
the debt to pay and when, they're basically announcing the bankruptcy of the United States.
That is extremely dangerous.
I'm probably going to write about this later this week, but the more you think about this,
is there anything less conservative than reneging on your debt?
I mean, in terms of conservatism, is being a deadbeat when it comes to money you owe?
I was just looking at an old essay that was written back, you know, when this first came
up from Harvard Business Review. The sanctity of contracts is at the heart of the success of the
capitalist enterprise over the past two centuries. Mess with it at your peril. Basically saying
you're not going to pay your bills is reneging on a pretty fundamental contract. So when you talk
about the evolution of the conservative movement
from being, you know, fiscal conservatives to being, you know, Tea Party Jacobins, when you
think about what Congress is supposed to do, you have to pay the bills, you have to keep the lights
on, you have to fulfill your basic obligations to the Constitution. And when you shut down the
government and risk a debt default, you have abandoned every one of those fundamental
responsibilities. What could be less conservative than that?
I absolutely agree with you there. And so the next question, Charlie, is if Republicans are
reneging on the most fundamental, one of the most fundamental conservative beliefs,
how are they doing it psychologically? What are they telling themselves? And what are they telling
the public? And what the story that they've constructed is they're not actually reneging. They're trying to get spending under control, which is, of course, a very deep conservative belief. So what they've done is they've conflated the payment of the contract, but a party that just draws a very clear distinction between honoring debts and budget cutting. And in fact,
says we are willing to cut the budget. We're willing to negotiate with you about where to
control spending. We're not willing to negotiate on this separate question of paying the bills we
already incurred. You know, this has been festering for more than a decade now.
It's not a question how disastrous this would be.
And yet the appetite for it has persisted.
It's interesting.
I was reading a piece by Michael Strain from AEI who warns that, you know,
even brushing up against a federal government default is a major market event.
So go back to 2011 when the Republicans were playing games about the debt ceiling back then. On the day before they finally agreed to lift the borrowing limit, the S&P 500 was down 6% from its high that year. Three days later, S&P downgraded the United States credit rating, sending stock prices tumbling even further. So this was a debacle back in 2011. It was as big a blow to economic confidence as
we'd seen since the global financial crisis. I mean, it drove up interest rates, costing tens
of billions of dollars. And if we were to do this again, we would find ourselves in the early stage
of a global financial crisis. And we've known this for a decade. It is absolutely futile. It has never
really been effective. And yet they're prepared to do it again, which is, well, you know, again,
it's shocking, but not surprising given what's been happening to the Republican Party and their
need to constantly stoke the outrage fires of the perpetual outrage industry.
Yeah. And so this is something we used to think
was unthinkable, reneging on the debt. But part of what I think you're underscoring there,
and I think I agree, Strain's analysis was very good here historically, you can put a number on
these things, as you just did, right? The S&P went down 6% the day before that, right? The fact that
you can put a number on it shows that it is not an either or thing. It's incremental. So the S&P
goes down for 6%.
What happens if we still hold out another day? What's the next percentage drop, right? Or the
downgrading of debt. There's from AA to BBB, whatever. There's always another step. Interest
rates, they'll go up, what, three quarters of a point. Don't we wait another day? They go up
another three. I mean, this just gets worse and worse over time. But the fact that it is incremental makes it thinkable. And that is what's dangerous.
What is bizarre about this, of course, is that it's a completely self-inflicted artificial crisis.
I mean, I know we've been doing this since 1917, but it's sort of like scheduling a session of
Russian roulette with hostages. And that we do this to ourselves. That we go, okay,
we're going to spend, okay, we're going
to spend the money, we're going to borrow the money, but every once in a while, we're going to
go right to the brink, and we're going to empower the least responsible members of Congress to
threaten the global markets in our full faith and credit. I mean, I don't know that we would
consider that a wholesome exercise in democracy or good governance. No, no, but I love that hostage
analogy, because why are the Republicans doing this over the debt ceiling? If they want to cut some exercise in democracy or good governance. No, no. But I love that hostage analogy because
why are the Republicans doing this over the debt ceiling? If they want to cut the budget,
and let's be fair, I think they want to cut the budget. Why are they taking the debt ceiling
hostage? And the answer is because they can. Yeah. This is a thing where they can literally
hold this thing up and scare the bejesus out of everybody. But you know, when you do that,
you're not exactly thinking through exactly whose hostage is this. I mean, if you hold up the debt ceiling, there's a heck of a
lot of people in the Republican base who are going to take severe damage from their interest rates
going up, right? From them losing their jobs, from their company going under. So you've taken
a hostage without really much thought to the consequences of what happens if you shoot the hostage. I imagine that Republicans think that if there is an economic cataclysm and this does shove the
country into recession, that that will politically benefit them, that the Biden administration and
the Democrats will be blamed for this, which strikes me as highly problematic because I don't
know that that's the way it will play out. On the other hand,
Republicans have done this kind of brinksmanship before and have not been punished at the polls.
But I think if, in fact, they were to play this thing out, I'm not sure it's the winner they
would think it is. What do you think? Okay, so they've faced a version of this. They faced the
consequences not over the debt ceiling, but over shutting down the government. And every time they
shut down the government or they've been involved in a shutdown,
they have been the ones blamed. They don't seem to get the message from that. Maybe they think
the debt ceiling is different, but the debt ceiling is just going to be magnified. And I
think if probably if you go back and look at the 2011 case, you would find that Republicans paid
more of a price politically than Democrats. This is where the Kevin McCarthy, you know, long march to power while he was giving his power away
becomes relevant because your average swing voter probably doesn't care that much that it took him
15 ballots to get elected speaker, you know, really doesn't care as much as you and I might
about the shambolic nature of this hostage taking in the House of Representatives. But I think this sets the template for what they will look like if they hold the full faith and
credit of the United States hostage as well. People will remind us that this is what Kevin
McCarthy had to give away to this particular group. And frankly, they don't look that responsible.
They don't look that reasonable. And they don't look that prudent.
They don't look trustworthy.
And I think that that's going to be part of the, when I talk about the framing of the
issue, I'm not talking about, you know, what the White House needs to do.
I'm talking about the way it's going to look to people back home going, okay, remind us
again why we're doing this.
But I want to go back to your point.
Rhetorically, they will say that they are doing this in order to cut spending and debt. In fact, the spending is already out there. The money has already been
borrowed. The debt limit issue is only relevant to the question of whether we will repay the money
we have already borrowed. And that point cannot be made too much. Right. That's absolutely true.
I don't think Republicans have
thought through the consequences of having to pull the trigger and shoot this hostage at all.
And what they think they can do is leverage this against Democrats. And their argument is that
we're the ones who are being reasonable because we're offering to negotiate over the debt ceiling,
right? The idea is whoever offers to negotiate is the reasonable person, and whoever refuses to negotiate, in this case, Biden, is the unreasonable person.
And they're just sort of eliding the fact that some things shouldn't be negotiated over,
like your full faith and credit. Right. Some things are not on the table. Okay. So in the
few minutes we have left, brutal weekend in Ukraine. The Russian campaign of terror against the civilian population
continues with a missile attack on a residential apartment building. Your thoughts about where
we're at in Ukraine? Because again, I'm not saying anything that's particularly original here, but
it's very clear that there's no easy or early resolution to this war. It is a long slog.
The West has finally decided that, hey, maybe we should give them tanks.
You know, and you and I have gone back and forth about all this.
I think we have done heroic things to help the Ukrainians.
But I wonder why we keep going through this two-step of saying, well, you know, we can't
give them these weapons because that would escalate the war.
We can't give them these weapons because, wait, okay, now we can give them these weapons.
All right. Well, we can't give them this air defense because that might escalate it.
Okay, wait. Okay, now we're going to do it. Why do we wait so long to give them the weapons the
Ukrainians have been saying we absolutely need all of these weapons to prevent these kinds of
catastrophes in order to win this war? If we want
them to win the war, why have we been so incremental and slow in giving them the tools they need to win
this war? It's a very good question. And I hope, even though I think I can begin to answer it,
I hope that you and others will keep asking that question because we need to keep pushing ourselves.
This attack on this apartment building in Dnipro, just to give
people a little context, this apartment building was hit with a missile, a 2,000 pound missile that
is designed to take out ships. It hit an apartment building in Dnipro. Dnipro is about 140 miles away
from the nearest body of water. All right. So this is not an accident. This was fired into a civilian
area because the Russians don't care. If they murder, if they massacre civilians, if they take out infrastructure that keeps people from freezing
to death in the winter, they're fine with that. They're trying to inflict suffering. What we have
to do is be patient and persistent. Charlie, I thoroughly agree with you. We need to be providing
the weapons that allow the Ukrainians not just to hold the ground, but to take it. And so they do
need tanks. That's the thing that the Ukrainians need most.
And, you know, unfortunately, one difference between us and Putin is Putin's a dictator.
And if Putin decides to change strategy and do escalate in Ukraine, he just makes a phone
call and it's done, right?
We have a coalition and we have to work with people.
So I'm glad that the Brits are moving on the tanks.
And I hope that we will move and other countries will move. And, you know, I don't know, Charlie, in the long run, of course,
we're afraid that Russia has nukes and that it will use them. And so we're afraid of provoking
that. But we're going to save lives if we move quicker to help the Ukrainians retake ground.
Well, I think you and I had this conversation nearly a year ago, though. I am concerned about
the self-deterrence that we were seeing from the West and the Biden administration.
Again, I think they've done a really admirable job.
However, you can certainly understand, you know, the frustration that Ukrainians feel about, OK, now you're willing to give us the Patriot missiles.
Where were you nine months ago?
Now you're willing to give us the tanks.
We could have used those a year ago. You
know, how many of these things have to happen for things to change? But again, we'll have plenty of
opportunity to talk about this again. Will Salatin, happy Monday. Welcome back on the show.
Thanks, Charlie.
And thank you all for listening to today's Bulwark Podcast. I'm Charlie Sykes.
We will be back tomorrow and we will do this all over again.
The Bulwark Podcast is produced by Katie Cooper and engineered and edited by Jason Brown.