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<v Speaker 1>Live from the heart of the nation's capital, this is

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<v Speaker 1>a Jim Acosta Show special report.

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<v Speaker 2>Hey everybody, welcome to the Jim Acosta Show. It's another

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<v Speaker 2>day that ends in Y in Donald Trump's assault on

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<v Speaker 2>American democracy. And I've got the perfect guest to talk

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<v Speaker 2>about this. It is Mark Elias of Democracy Docket. Mark,

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<v Speaker 2>a lot of news in your wheelhouse all week long.

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<v Speaker 2>And today in particular, that's why we were dying to

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<v Speaker 2>get you on. Thanks for coming on.

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<v Speaker 3>Jim, I always love being on with you.

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<v Speaker 2>Really appreciate it. And, you know, the thing that really

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<v Speaker 2>got this week off to kind of a scary start

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<v Speaker 2>from a democracy standpoint is the Supreme Court. I mean,

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<v Speaker 2>this is just me making this observation, allowing this mail-in

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<v Speaker 2>ballot insanity to go forward. And now it's gotten to

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<v Speaker 2>the point where the U.S. Postal Service has now said

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<v Speaker 2>that the rule is in effect, that what states have

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<v Speaker 2>to deliver to them, they're their registration information and so on,

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<v Speaker 2>their mail-in balloting information. And then this is, you know,

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<v Speaker 2>they're supposed to submit their voter rolls for inspection as

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<v Speaker 2>part of a broader bid. This is according to the

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<v Speaker 2>Guardian to protect election integrity and so on. I mean,

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<v Speaker 2>it's all designed, it seems to me, to stop people

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<v Speaker 2>from using mail-in ballots, something that Donald Trump has done himself.

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<v Speaker 2>But your thoughts on how this week has been shaping up?

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<v Speaker 3>Yeah, first of all, let's start with the last point

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<v Speaker 3>you made. which is Donald Trump has been waging a

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<v Speaker 3>war nonstop on mail-in voting. I mean, Jim, going back

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<v Speaker 3>to when you and I were talking about this when

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<v Speaker 3>you were on CNN in 2020, he was railing about

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<v Speaker 3>mail-in voting. And he has been trying to figure out

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<v Speaker 3>a way to make it harder for people to vote

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<v Speaker 3>by mail, while, as you point out, at the same time,

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<v Speaker 3>himself actually voting by mail. So this is, in some sense,

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<v Speaker 3>We are coming to the head of a fight that

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<v Speaker 3>has been going on now for, you know, for years.

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<v Speaker 3>And what his latest gambit was, was an executive order

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<v Speaker 3>that directed the U.S. Postal Service to essentially become a

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<v Speaker 3>tool in this voter suppression effort. Essentially, the Postal Service

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<v Speaker 3>would refuse to deliver mail-in ballots to anyone who is

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<v Speaker 3>not on an approved list that is submitted in advance.

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<v Speaker 3>to the postal service and that to enforce this, there

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<v Speaker 3>would be certain ballot design, uh, envelope designs and barcode

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<v Speaker 3>scans and, and other stuff. And this was challenged in

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<v Speaker 3>court in a series of lawsuits. We filed one in Washington,

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<v Speaker 3>DC on behalf of the democratic party. Uh, Norm Eisen

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<v Speaker 3>filed one in Washington, DC on behalf of a group

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<v Speaker 3>of nonprofit organizations. Um, and ultimately, um, uh, the states,

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<v Speaker 3>this Democratic state attorney general filed one in Massachusetts. And

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<v Speaker 3>that case proceeded to the Supreme Court on a rapid basis.

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<v Speaker 3>They won. And the Supreme Court said, look, you all

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<v Speaker 3>sued before there was even a final rule, before the

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<v Speaker 3>Postal Service had issued their rules to comply with this

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<v Speaker 3>executive order. So it was too soon. The claims were

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<v Speaker 3>not ripe, is the legal term. So the case went

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<v Speaker 3>back down. Well, as we speak, as we are talking,

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<v Speaker 3>you and I right now, There are renewed motions by

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<v Speaker 3>me and my law firm on behalf of the Democratic Party,

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<v Speaker 3>Norm Eisen on behalf of the nonprofits in D.C., the

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<v Speaker 3>states in Massachusetts, and another group of nonprofits in Massachusetts.

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<v Speaker 3>And all of those cases are now going to move

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<v Speaker 3>on an expedited basis. And we should assume that once again,

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<v Speaker 3>one way or the other, these will wind up in

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<v Speaker 3>the Supreme Court.

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<v Speaker 4>Yeah.

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<v Speaker 2>And the other thing we should note, and the Supreme Court,

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<v Speaker 2>I guess, now will have to deal with the merits

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<v Speaker 2>of the case. I guess earlier they were able to say, Well,

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<v Speaker 2>because of a technicality, we're going to wait for the

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<v Speaker 2>Postal Service to have a final rule on this and

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<v Speaker 2>release that rule and so on, which to me, I

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<v Speaker 2>don't understand why the Supreme Court says, Donald Trump, you

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<v Speaker 2>don't have any business being involved in elections in this country.

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<v Speaker 2>The Postal Service doesn't have any business being involved in

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<v Speaker 2>elections in this country. That's up to the states. And

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<v Speaker 2>if Congress wants to change rules and so on, they

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<v Speaker 2>could try to pass a law. But I don't understand

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<v Speaker 2>why the Supreme Court did what it did from that standpoint.

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<v Speaker 2>I understand it's a technicality.

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<v Speaker 3>It was even more bizarre, if I can use that word, Jim,

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<v Speaker 3>because they issued that ruling on Monday, as you pointed

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<v Speaker 3>out earlier this week. Last Friday night, the Postal Service

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<v Speaker 3>finalized the rule. So honestly, it appears that the justices

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<v Speaker 3>who have had this case now before them for the

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<v Speaker 3>last few weeks, you can imagine what happened. They're all

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<v Speaker 3>scattered around the world giving speeches and the like. They

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<v Speaker 3>had been negotiating among themselves on the opinions. They had

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<v Speaker 3>probably come to a conclusion on what the opinion would

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<v Speaker 3>say on Friday. I'm guessing that. Then on Friday night,

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<v Speaker 3>the Postal Service finalized the regulations. And you can just

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<v Speaker 3>imagine the justices being like, all right, we're not going

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<v Speaker 3>back to start over again. Just issue the ruling we have.

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<v Speaker 3>So what's even more sort of senseless about this, in

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<v Speaker 3>a sense, Jim, is that the moment they issued that ruling,

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<v Speaker 3>everybody filed the new lawsuits because the Postal Service had,

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<v Speaker 3>in fact, finalized the rule last Friday.

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<v Speaker 2>Wow. And I guess Trump was asked about this earlier today.

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<v Speaker 2>PBS asked Trump about it. Thank goodness somebody asked about it.

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<v Speaker 2>Let's play what he had to say.

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<v Speaker 1>The Supreme Court earlier this week ruled on mail-in ballots.

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<v Speaker 2>And there are states like North Carolina that have ballots

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<v Speaker 2>that go out next week.

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<v Speaker 3>How are states supposed to implement this?

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<v Speaker 4>Well, they're able to. North Carolina is great. It's a

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<v Speaker 4>great place. I won a goal three times. They do

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<v Speaker 4>some mail-in ballots. But basically, they ruled on the legitimacy

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<v Speaker 4>and the way we want to make them legitimate.

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<v Speaker 1>And it was a great ruling for the Republicans.

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<v Speaker 2>Yeah. Mark, he says it was a great rule for

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<v Speaker 2>the Republican Party. He says the quiet part out loud,

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<v Speaker 2>or as I like to say, the riot part out loud.

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<v Speaker 2>But anyway.

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<v Speaker 3>The golf part?

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<v Speaker 2>It sounded like golf, but I think he said, I

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<v Speaker 2>think we won it all three times. I know, I

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<v Speaker 2>saw the golf thing and I was like, what was that? Yeah,

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<v Speaker 2>I'm not sure he said that, but yeah.

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<v Speaker 3>I do also have to give you a huge compliment, Jim.

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<v Speaker 3>The difference between you and everybody else, The fact that

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<v Speaker 3>you know these reporters, the fact that you know that

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<v Speaker 3>that was the PBS reporter, pretty good.

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<v Speaker 2>I had a hunch. I had a hunch.

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<v Speaker 1>She's a good reporter.

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<v Speaker 3>Yes, excellent reporter. So look, Donald Trump only cares about

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<v Speaker 3>holding power. Donald Trump doesn't care about free and fair elections.

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<v Speaker 3>He doesn't care about voting. He cares about holding power.

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<v Speaker 3>And he knows that one of the ways in which

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<v Speaker 3>he will hold power is by making it harder for

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<v Speaker 3>Democrats to vote. And right now, as the product of

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<v Speaker 3>all these years of many lies, Democrats vote more by

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<v Speaker 3>mail than Republicans because Republicans who used to vote more

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<v Speaker 3>by mail now have shied away from it because Donald

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<v Speaker 3>Trump keeps lying to them. So, you know, when he

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<v Speaker 3>says at the end that this will help Republicans, that's

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<v Speaker 3>all he cares about.

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<v Speaker 4>Yeah.

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<v Speaker 2>And he mentions North Carolina. You know, Liz Landers of

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<v Speaker 2>PBS asked him about North Carolina. And I mean, that's

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<v Speaker 2>another critical part of this that I hope the Supreme

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<v Speaker 2>Court deals with, although I don't have much faith in

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<v Speaker 2>them anymore, that we are now in the cycle. We

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<v Speaker 2>are now very much in the in the moment where

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<v Speaker 2>people are going to start voting very soon. And this

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<v Speaker 2>could just throw like a massive monkey wrench into the

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<v Speaker 2>whole process. And I just keep coming back to this.

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<v Speaker 2>I've said this on my show. I think part of

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<v Speaker 2>what they're doing, this is chaos by design. They want

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<v Speaker 2>a 52 car pile up on the democracy interstate. And

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<v Speaker 2>so they can say, well, you know, this thing is

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<v Speaker 2>such a huge mess. We just have to stay in

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<v Speaker 2>charge up on Capitol Hill. You know, maybe we'll sort

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<v Speaker 2>it out by spring or summer of twenty twenty seven.

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<v Speaker 2>I just you know, I wonder if that is is

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<v Speaker 2>what's going on in their heads. In North Carolina, for example,

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<v Speaker 2>that is where Roy Cooper is running for the Senate

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<v Speaker 2>and in his favor to win that race and flip

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<v Speaker 2>a seat. And so it just to me, this is like,

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<v Speaker 2>come on, guys, this is obvious what's going on here.

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<v Speaker 3>Yeah, I think it's a really smart point. And I

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<v Speaker 3>hope it's one that people. listen to and internalize that,

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<v Speaker 3>you know, there are kind of two separate things going

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<v Speaker 3>on and you have to understand that they're both real.

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<v Speaker 3>On the one hand, Donald Trump is in fact trying

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<v Speaker 3>to put in place rules that will prevent more Democrats

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<v Speaker 3>from voting than Republicans, right? That'll make it harder to

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<v Speaker 3>vote and will gain partisan advantage. That is true. It

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<v Speaker 3>is also true, okay, separately from that, it is also

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<v Speaker 3>true that Donald Trump wants to create a permission structure

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<v Speaker 3>to say the elections were a mess because the rule

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<v Speaker 3>that we implemented too late for any state to actually

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<v Speaker 3>implement correctly is proof that there was fraud, right? So like,

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<v Speaker 3>as you say, he is both hoping to win the

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<v Speaker 3>race and hoping that there's a car pileup because either

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<v Speaker 3>way he is able to use that to try to

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<v Speaker 3>hold power, either because it actually expresses votes and or

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<v Speaker 3>creates a circumstance where he can say, look, The law

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<v Speaker 3>wasn't followed. The states weren't organized. This must all have

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<v Speaker 3>been fraud.

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<v Speaker 2>Yeah. And to this day, it's never been established that

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<v Speaker 2>there's ever been widespread voter fraud using mail-in ballots. I'm

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<v Speaker 2>correct in saying that.

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<v Speaker 3>I mean, if I missed that headline- You could say

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<v Speaker 3>mail-in ballots or not mail-in ballots.

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<v Speaker 2>Any ballots.

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<v Speaker 3>The United States has got a lot of problems. We've

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<v Speaker 3>got inflation problems. We've got a president who is threatening Canada.

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<v Speaker 3>We've got no shortage of problems. If you were to

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<v Speaker 3>list the top 1,000 problems facing this country, voter fraud

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<v Speaker 3>would not be on that list. The fact that Donald

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<v Speaker 3>Trump has chosen voter fraud as the thing he is

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<v Speaker 3>focused on explains to you why gasoline is so expensive.

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<v Speaker 2>Right.

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<v Speaker 3>Explains to you why the war in Iran is going

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<v Speaker 3>the way it is. Explains to you why Donald Trump's

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<v Speaker 3>popularity is, I don't know what, in the 30s now.

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<v Speaker 3>You know, like because because he is focused on something

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<v Speaker 3>that is not a problem at all in order to

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<v Speaker 3>create an environment in which he can falsely claim that

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<v Speaker 3>the election was stolen.

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<v Speaker 2>Yeah. And the other thing too is, is that, and

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<v Speaker 2>this doesn't get talked about anymore because everything goes in

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<v Speaker 2>one ear and out the other and this fire hose

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<v Speaker 2>of insanity that we're dealing with in the second go round.

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<v Speaker 2>He had that prime time address. What was it last month?

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<v Speaker 2>It feels like 10 years ago. And he said that

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<v Speaker 2>they had found more than 250,000 non-citizens were on the

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<v Speaker 2>voter rolls of Nevada and just three other States. And, and,

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<v Speaker 2>I'm looking at, this is a story that just came

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<v Speaker 2>out this afternoon, a call with Nevada state election officials

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<v Speaker 2>earlier this month, the Trump administration, point person on non-citizen voting,

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<v Speaker 2>I guess acknowledged that those numbers were not correct. And

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<v Speaker 2>I'm just, you know, I don't understand how we're supposed

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<v Speaker 2>to trust these guys when it comes to this stuff.

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<v Speaker 2>You know, they just lie through their teeth. And I

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<v Speaker 2>don't understand why the Supreme Court is even you know,

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<v Speaker 2>allowing this kind of, this conversation to go forward. That

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<v Speaker 2>was a PBS NPR story, by the way. DHS acknowledges

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<v Speaker 2>the non-citizen numbers it touted on voter rolls were inflated. Yeah.

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<v Speaker 3>So look, I think that, I think that the hard

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<v Speaker 3>thing for people to sometimes understand is that Donald Trump

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<v Speaker 3>lies about everything.

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<v Speaker 2>Right, yeah.

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<v Speaker 3>And, you know, I watch, I watch, I watch you

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<v Speaker 3>And you did some amazing reporting about the process by

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<v Speaker 3>which we went from the reflecting pool was perfectly fixed.

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<v Speaker 3>And there was widespread vandalism to we have arrested an

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<v Speaker 3>individual who is guilty and indicted of felonies to await trial.

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<v Speaker 3>All of that was not true. And there was faulty installation.

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<v Speaker 3>And you did amazing original reporting on that. And in

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<v Speaker 3>some ways, I wish, Jim, you could bottle that up

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<v Speaker 3>and just like insert here, voting, insert here, inflation, insert here,

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<v Speaker 3>the warmer air. Like you did a really great job

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<v Speaker 3>of showing that progression, but that's the nature of everything

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<v Speaker 3>that this.

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<v Speaker 2>White house is. Yeah, no, it's so true. And I mean,

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<v Speaker 2>and on your front also, I guess, is the counting

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<v Speaker 2>of the votes, the counting of the ballots, how that's

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<v Speaker 2>going to play out. There have been lots of stories

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<v Speaker 2>in the press recently where election workers obviously are going

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<v Speaker 2>to have to be. We saw this last time around

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<v Speaker 2>where election workers were being threatened. Election workers were sort

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<v Speaker 2>of they were under siege. Mark, what is being done

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<v Speaker 2>to make sure that the sanctity of counting the ballots

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<v Speaker 2>is going to be protected this time around? I mean,

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<v Speaker 2>I saw something the other day. where, and this, I guess,

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<v Speaker 2>may be more applicable to the voting that happens on

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<v Speaker 2>election day. The candidate, the Republican candidate for governor of

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<v Speaker 2>Maine has said he wants to see ICE. Are they

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<v Speaker 2>going to try to have ICE and National Guard troops

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<v Speaker 2>at voting election counting places too? I mean, it's just,

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<v Speaker 2>when does it end?

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<v Speaker 3>Yeah. And look, it's not just Maine. I mean, democracy

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<v Speaker 3>just went up with a story about various Republican counties

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<v Speaker 3>who have now called for this. I mean, Before we

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<v Speaker 3>get to election day, my prediction is this will become

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<v Speaker 3>sort of a standard talking point of Republican candidates. Donald

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<v Speaker 3>Trump will force them to all say that there should

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<v Speaker 3>be federal law enforcement at the polls. You know the

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<v Speaker 3>way this Republican Party works. There's no line under which

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<v Speaker 3>they won't fall, right? There's no bottom. There's no line

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<v Speaker 3>they won't cross. And so you're right. We have to

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<v Speaker 3>worry about this from a few different perspectives. First, to

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<v Speaker 3>what extent is that going to impact actual election day voting. Now, look,

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<v Speaker 3>I think that Donald Trump can try to do a

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<v Speaker 3>lot of things. As a practical matter, it is very

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<v Speaker 3>difficult given how many polling locations there are in so

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<v Speaker 3>many places simultaneously. I think that they can do some

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<v Speaker 3>symbolic things. I think they can do some real damage

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<v Speaker 3>in particular Democratic strongholds. So I'm not minimizing that. And

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<v Speaker 3>the lawyers like me and others will be ready to

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<v Speaker 3>take that on if and when it happens. But I

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<v Speaker 3>think when you get to the post-election, Now those ballots

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<v Speaker 3>are no longer in those precincts. Now they're centrally located, right?

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<v Speaker 3>Now they're in county offices. And now you start to

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<v Speaker 3>talk about a whole other set of risks. Are you

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<v Speaker 3>going to see efforts to seize ballots? Are you going

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<v Speaker 3>to see, which we saw in 2020 when I was,

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<v Speaker 3>you know, the post-election, I was representing President Biden, then

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<v Speaker 3>candidate Biden. You know, we saw Republicans, you know, banging

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<v Speaker 3>on the walls, banging on the windows. They're going to be,

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<v Speaker 3>you know, we assume that, that law enforcement will protect

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<v Speaker 3>these election officials. But are you 100% confident that federal

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<v Speaker 3>law enforcement or even in some of these states with

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<v Speaker 3>Republican AGs and Republican governors, are you confident that Republicans

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<v Speaker 3>will be protecting those officials? Or will they be creating

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<v Speaker 3>an environment that, again, creates that permission structure for Trump

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<v Speaker 3>to say, look, There's widespread disorder. There is there is

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<v Speaker 3>a threat to these ballots. And so we need the

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<v Speaker 3>federal government to take control.

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<v Speaker 1>Yeah.

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<v Speaker 2>And how let's talk about Democracy Docket, because it's really

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<v Speaker 2>taking off and people need to understand if you're not

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<v Speaker 2>looking at if you're not reading Democracy Docket every day,

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<v Speaker 2>you're doing it wrong. If you care about democracy in

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<v Speaker 2>this country, you care about elections in this country. Mark,

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<v Speaker 2>did you ever dream that it would grow to the

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<v Speaker 2>to the place where it is right now? I mean,

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<v Speaker 2>it's it's become a must read for everybody that, you know,

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<v Speaker 2>this is this is a source of an invaluable source

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<v Speaker 2>that we can all turn to to learn about the

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<v Speaker 2>twists and turns of are we going to get to

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<v Speaker 2>are we going to get to the to the end

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<v Speaker 2>of all of this with our democracy intact?

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<v Speaker 3>No, I didn't. I mean, I started Democracy Docket in

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<v Speaker 3>2020 because I saw a need to fill to help

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<v Speaker 3>people understand and contextualize what is happening to democracy in courts.

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<v Speaker 3>And I thought we could fill that niche and add

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<v Speaker 3>to the ecosystem. What we saw after that, which you

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<v Speaker 3>saw from a front row scene and from which you

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<v Speaker 3>are one of the great heroes that has emerged, is

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<v Speaker 3>an absolute capitulation of legacy media. I mean, I don't

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<v Speaker 3>want to put too fine a point on it, but

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<v Speaker 3>if CNN was still the CNN that had Jim Acosta

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<v Speaker 3>front and center... on these democracy issues the way it was,

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<v Speaker 3>outlets like Democracy Docket, there wouldn't be the demand for it, right?

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<v Speaker 3>Like there wouldn't be the demand for the Jim Acosta show.

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<v Speaker 3>But what's happened is as legacy media has bent a knee,

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<v Speaker 3>there has become this increased demand. So Democracy Docket just

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<v Speaker 3>crossed 70,000 premium members. We have 500,000 free subscribers. We

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<v Speaker 3>have a website that's visited by millions. And I'm glad

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<v Speaker 3>that we are filling this need. But Jim, I'm sure

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<v Speaker 3>there is also a part of you that wishes- that

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<v Speaker 3>we saw the courage of the traditional legacy media that

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<v Speaker 3>we are not seeing right now.

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<v Speaker 2>You know, there are glimpses of it here and there,

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<v Speaker 2>and I think it's starting to come back a little bit.

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<v Speaker 2>I think ABC taking the administration to court or the

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<v Speaker 2>hijinks over at the FCC, I think that is a

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<v Speaker 2>really welcome sign, but it's not sustained. It's not every day.

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<v Speaker 2>You know, when I was at CNN, I was sort

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<v Speaker 2>of unleashed and allowed to report that way. without being

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<v Speaker 2>worried about, you know, them calling the bureau or the

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<v Speaker 2>offices of the executives and saying, hey, what's this Acosta guy?

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<v Speaker 2>Why is he asking so many damn questions? And, you know,

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<v Speaker 2>eventually that pressure came to bear. And I now I

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<v Speaker 2>do this here. But I mean, Mark, I'm right there

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<v Speaker 2>with you. This is a moment where we need our

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<v Speaker 2>national press to really they've got to find their backbones,

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<v Speaker 2>because I think these next couple of months are these

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<v Speaker 2>next three months or so are going to be crucial

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<v Speaker 2>to the future of this country. and whether we can

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<v Speaker 2>get through this midterm process with our system in check

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<v Speaker 2>and intact. I think it's a jump ball. I think

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<v Speaker 2>it's a live question as to whether we get through this.

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<v Speaker 3>I agree with you. I keep saying this to folks.

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<v Speaker 3>The question is not whether we're going to have elections.

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<v Speaker 3>We're going to have elections. Donald Trump can't cancel elections.

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<v Speaker 3>The question of whether or not they are free and

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<v Speaker 3>fair is a trickier question because there's no one guidepost

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<v Speaker 3>that says, you know, if you cross this line, then

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<v Speaker 3>it's free and fair. And if you don't, it's not.

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<v Speaker 3>It's a, it is a, it is a, it is a,

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<v Speaker 3>it is a sliding scale and it is easy to

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<v Speaker 3>become desensitized to something that, that you shouldn't become desensitized to. And,

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<v Speaker 3>and the media plays an essential role in a democracy.

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<v Speaker 3>Like it is essential that you have an independent media

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<v Speaker 3>that is, that is serving as a watchdog, but it too,

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<v Speaker 3>there's not one point at which you say, okay, it is,

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<v Speaker 3>no longer doing that function. It's a sliding scale. And you, again,

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<v Speaker 3>become desensitized to it. And that is the great tragedy

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<v Speaker 3>of this era. The great tragedy of this era is

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<v Speaker 3>not that we have the likes of Donald Trump. The

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<v Speaker 3>great tragedy of this era is that those with the power,

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<v Speaker 3>those in the large corporate media organizations, those who could

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<v Speaker 3>be standing up in the Republican Party and saying that

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<v Speaker 3>what Donald Trump is wrong, they are staying silent. And

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<v Speaker 3>it is being left to people like you, people like

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<v Speaker 3>the voters, people like the election officials we talked about,

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<v Speaker 3>people like Democracy Docket to carry this load that frankly,

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<v Speaker 3>they shouldn't have to.

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<v Speaker 2>That's right. No, and it's high time that we see

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<v Speaker 2>some backbone from all of these institutions that have really

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<v Speaker 2>failed us over the last couple of years. But Mark,

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<v Speaker 2>You have not. Democracy Docket has been there. And it's

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<v Speaker 2>always great having you on. Really appreciate it, Mark. Thanks

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<v Speaker 2>for drilling down on this issue with us. Yeah, good

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<v Speaker 2>to see you. Thanks, Mark. Thank you so much. And,

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<v Speaker 2>you know, one of the key issues that people are

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<v Speaker 2>going to be voting on this fall is the economy, which,

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<v Speaker 2>you know, Trump is acting as though he is eventually

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<v Speaker 2>going to be right on this tariff issue that going

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<v Speaker 2>after American allies like Canada, which is basically our best

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<v Speaker 2>friend in the entire world. that somehow that economically speaking,

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<v Speaker 2>that that's going to work out for everybody. And then

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<v Speaker 2>politically speaking, that that's going to work out for him.

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<v Speaker 2>That has not been the case, but I have a

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<v Speaker 2>great guest to talk about this. Justin Wolfer's economist, University

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<v Speaker 2>of Michigan of Platypus Economics. Justin, great to see you

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<v Speaker 2>as always. I'm so glad we're getting a chance to

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<v Speaker 2>catch up.

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<v Speaker 1>Jim, great to see you. And oh my word, it's

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<v Speaker 1>the Jim Acosta show going from strength to strength.

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<v Speaker 2>It is extra strength these days. We're bringing it, man.

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<v Speaker 2>This is a critical time in this country. So We

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<v Speaker 2>got all the bells and whistles, but Justin, it's great

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<v Speaker 2>to see you. And I keep waking up and thinking

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<v Speaker 2>to myself, no, we really aren't in a trade war

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<v Speaker 2>with Canada, are we? Where, you know, I mean, this

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<v Speaker 2>just doesn't make any sense. And we've got, was it

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<v Speaker 2>Doug Ford telling Trump to kiss my ass? And I

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<v Speaker 2>don't mean to get you laughing.

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<v Speaker 1>There, but There's nothing we can do except laugh.

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<v Speaker 2>I guess that's true.

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<v Speaker 1>To your Canadian viewers, I am so sorry. There's nothing

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<v Speaker 1>funny about it.

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<v Speaker 2>I agree.

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<v Speaker 1>It's the only way to get through the day.

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<v Speaker 2>I know.

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<v Speaker 1>We actually had an election campaign, and the president, to

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<v Speaker 1>his immense credit, told the truth. He said, I like tariffs.

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<v Speaker 1>He forgot to say, the people I hate the most

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<v Speaker 1>are Canada.

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<v Speaker 2>I just don't get it.

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<v Speaker 1>No, I saw that coming. And we've been at it

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<v Speaker 1>for a year and a half. He didn't even get

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<v Speaker 1>bored of this one. He keeps coming back to it.

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<v Speaker 2>It's absurd.

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<v Speaker 1>And my laughter is that. It's actually, I want to

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<v Speaker 1>be clear to folks. My laughter is a considered judgment

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<v Speaker 1>from a PhD economist. I'm not making fun of anything.

421
00:22:21.890 --> 00:22:24.829
<v Speaker 1>I am just looking at the punchlines all around us.

422
00:22:25.369 --> 00:22:26.890
<v Speaker 2>It's professional laughter. It is.

423
00:22:27.039 --> 00:22:27.279
<v Speaker 1>It is.

424
00:22:28.019 --> 00:22:31.119
<v Speaker 2>It's PhD level laughter and it is, it is, I mean,

425
00:22:31.539 --> 00:22:34.880
<v Speaker 2>it would be funny if it weren't so economically destructive,

426
00:22:34.960 --> 00:22:38.859
<v Speaker 2>I guess. And I, you know, I, I don't, you know,

427
00:22:38.940 --> 00:22:42.339
<v Speaker 2>he is, apparently he's got, he's imposed 50% tariffs on

428
00:22:42.339 --> 00:22:46.960
<v Speaker 2>$ 20 billion worth of Canadian goods. Um, Canada, you know, they've,

429
00:22:46.980 --> 00:22:49.720
<v Speaker 2>they've announced their own retaliatory tariffs on about $ 20 billion

430
00:22:50.069 --> 00:22:52.089
<v Speaker 2>worth of goods. I guess at the end of the day,

431
00:22:52.140 --> 00:22:54.450
<v Speaker 2>Trump made taco and this whole thing may calm down,

432
00:22:54.990 --> 00:22:56.569
<v Speaker 2>but I, there are so many different ways to start

433
00:22:56.589 --> 00:22:59.299
<v Speaker 2>with the Justin and I covered the first administration. I

434
00:22:59.359 --> 00:23:04.789
<v Speaker 2>remember the USMCA, the US-Mexico-Canada trade agreement that he signed.

435
00:23:04.849 --> 00:23:06.869
<v Speaker 2>And he seems to have a problem with his own

436
00:23:06.930 --> 00:23:11.549
<v Speaker 2>agreement that he signed with our best friends, the Canadians. Again,

437
00:23:11.589 --> 00:23:13.990
<v Speaker 2>this doesn't make any sense. And I remember at the

438
00:23:14.029 --> 00:23:17.390
<v Speaker 2>time it sounded too much like YMCA, USMCA.

439
00:23:17.609 --> 00:23:20.210
<v Speaker 1>I want to dance every time someone talks about it.

440
00:23:20.470 --> 00:23:22.559
<v Speaker 2>But we can't do that dance because it's so ridiculous

441
00:23:22.599 --> 00:23:24.660
<v Speaker 2>that he does that thing. And I'm like, it makes

442
00:23:24.700 --> 00:23:24.920
<v Speaker 2>me cry.

443
00:23:25.349 --> 00:23:27.730
<v Speaker 1>Do you think two middle-aged straight white men could do

444
00:23:27.769 --> 00:23:29.490
<v Speaker 1>a bit of a, come on, Jim, join me.

445
00:23:29.509 --> 00:23:33.789
<v Speaker 2>I don't want to. I don't. You know, that and

446
00:23:34.509 --> 00:23:36.549
<v Speaker 2>it's just too much. I can't do it. I stopped

447
00:23:36.589 --> 00:23:38.529
<v Speaker 2>dancing to the YMCA when I was in middle school,

448
00:23:38.569 --> 00:23:41.609
<v Speaker 2>I think, during fifth period Jim. But that's just me.

449
00:23:41.910 --> 00:23:43.130
<v Speaker 2>We could do it if you want.

450
00:23:43.630 --> 00:23:45.549
<v Speaker 1>We could do USMCA, but I don't know how to

451
00:23:45.589 --> 00:23:46.019
<v Speaker 1>do an S.

452
00:23:46.930 --> 00:23:50.460
<v Speaker 2>Wait, ready? There's too many letters. USMCA.

453
00:23:50.480 --> 00:23:52.819
<v Speaker 1>Yeah, I guess that's true. And I just want folks

454
00:23:52.859 --> 00:23:54.759
<v Speaker 1>at home to understand what I just got Jim Acosta

455
00:23:54.779 --> 00:23:57.599
<v Speaker 1>to do. We're going to sing and dance while talking

456
00:23:57.619 --> 00:24:01.359
<v Speaker 1>about tariffs. Hey, Jim, let's do something wildly outside the

457
00:24:01.400 --> 00:24:02.240
<v Speaker 1>American mainstream.

458
00:24:02.660 --> 00:24:02.900
<v Speaker 2>Yeah.

459
00:24:03.259 --> 00:24:05.180
<v Speaker 1>All day, every day, we talk about these things through

460
00:24:05.200 --> 00:24:09.279
<v Speaker 1>the lens of America and Americans. Let's just cross the

461
00:24:09.359 --> 00:24:10.380
<v Speaker 1>border for a moment.

462
00:24:11.000 --> 00:24:11.180
<v Speaker 4>Yeah.

463
00:24:11.500 --> 00:24:14.009
<v Speaker 1>And think about this through the eyes of Canadians, because

464
00:24:14.769 --> 00:24:19.390
<v Speaker 1>they're people. They're our friends. They're our neighbours. And even

465
00:24:19.430 --> 00:24:25.089
<v Speaker 1>if they're not, they have intrinsic dignity. Yeah. All of

466
00:24:25.170 --> 00:24:28.430
<v Speaker 1>this is for, so, you know, the best analogy, and

467
00:24:28.470 --> 00:24:31.009
<v Speaker 1>this is not PhD level economics, is this is a

468
00:24:31.049 --> 00:24:33.779
<v Speaker 1>cat batting around a mouse. Do you have a cat?

469
00:24:33.789 --> 00:24:35.049
<v Speaker 2>I have a dog.

470
00:24:35.109 --> 00:24:36.650
<v Speaker 1>Oh, I've got a dog too. You can have more

471
00:24:36.690 --> 00:24:37.269
<v Speaker 1>than one, Jim.

472
00:24:37.630 --> 00:24:38.430
<v Speaker 3>There you go.

473
00:24:38.789 --> 00:24:39.890
<v Speaker 1>You know, I'm bipartisan.

474
00:24:40.430 --> 00:24:40.900
<v Speaker 2>There you go.

475
00:24:41.700 --> 00:24:44.140
<v Speaker 1>When my cat catches a mouse, he doesn't just eat

476
00:24:44.180 --> 00:24:47.579
<v Speaker 1>the mouse. Cats are bastards about it. They play with them.

477
00:24:47.900 --> 00:24:49.839
<v Speaker 1>They bite them enough that the mouse is in pain

478
00:24:49.880 --> 00:24:51.900
<v Speaker 1>and they bat them about and they look very proud

479
00:24:51.920 --> 00:24:54.099
<v Speaker 1>of themselves. And sometimes they come and drop the mouse

480
00:24:54.160 --> 00:24:54.519
<v Speaker 1>on your bed.

481
00:24:55.390 --> 00:24:55.990
<v Speaker 2>It's nasty.

482
00:24:56.539 --> 00:25:00.440
<v Speaker 1>It's nothing's nice about it. And cats are nice except

483
00:25:00.460 --> 00:25:02.099
<v Speaker 1>when they've got a mouse, like you can't be a

484
00:25:02.140 --> 00:25:07.319
<v Speaker 1>cat person. And I don't have a better analysis. And

485
00:25:07.380 --> 00:25:09.599
<v Speaker 1>I apologize to my friends in Canada for cooling the mice,

486
00:25:09.619 --> 00:25:12.579
<v Speaker 1>but like, he's just batting it around. And the thing

487
00:25:12.640 --> 00:25:15.119
<v Speaker 1>is what's painful about watching my cat with a mouse

488
00:25:15.269 --> 00:25:18.930
<v Speaker 1>is it's to no good point, right? It's a moment

489
00:25:19.269 --> 00:25:21.589
<v Speaker 1>of joy for my cat, but the mouse is a

490
00:25:21.630 --> 00:25:24.559
<v Speaker 1>creature and the mouse is hurting. Um, And if I

491
00:25:24.599 --> 00:25:26.440
<v Speaker 1>have to talk about animals to get people to care

492
00:25:26.480 --> 00:25:32.680
<v Speaker 1>about Canadians, I'm happy to do it. But, look, the

493
00:25:32.720 --> 00:25:37.049
<v Speaker 1>Canadian economy, Canada was promised by the United States, we

494
00:25:37.109 --> 00:25:38.950
<v Speaker 1>have a free trade agreement. We've had one since 1989.

495
00:25:38.950 --> 00:25:43.009
<v Speaker 1>That was the US-Canada free trade agreement. Then President Bush

496
00:25:43.470 --> 00:25:47.779
<v Speaker 1>negotiated and President Clinton got through Congress, NAFTA. Then the

497
00:25:47.839 --> 00:25:51.099
<v Speaker 1>first President Trump realised he hated it, so he came

498
00:25:51.119 --> 00:25:54.480
<v Speaker 1>to power, ripped it up, sticky taped it back together

499
00:25:54.539 --> 00:25:56.279
<v Speaker 1>again and gave it a new name that you can

500
00:25:56.319 --> 00:26:00.559
<v Speaker 1>now sing and dance to. But basically the USMCA is

501
00:26:00.759 --> 00:26:05.119
<v Speaker 1>just a relabeled NAFTA. So this is the first President

502
00:26:05.180 --> 00:26:07.920
<v Speaker 1>Trump's deal. And then the second President Trump has come

503
00:26:07.960 --> 00:26:11.579
<v Speaker 1>to power and said, who's the idiot who negotiated this? Right.

504
00:26:12.700 --> 00:26:14.660
<v Speaker 1>Which might be the smartest thing he's ever said. Now,

505
00:26:14.779 --> 00:26:16.220
<v Speaker 1>I don't play the man, I play the ball.

506
00:26:16.859 --> 00:26:17.920
<v Speaker 3>Right.

507
00:26:19.559 --> 00:26:25.240
<v Speaker 1>And so, but the problem with this is, Once you

508
00:26:25.380 --> 00:26:29.529
<v Speaker 1>show you will not live up to an agreement, Mark

509
00:26:29.569 --> 00:26:31.890
<v Speaker 1>Carney used the term, your signature's in pencil.

510
00:26:32.349 --> 00:26:32.710
<v Speaker 2>Right.

511
00:26:34.109 --> 00:26:37.690
<v Speaker 1>Then that narrows the scope of possible agreements.

512
00:26:38.970 --> 00:26:39.109
<v Speaker 3>Right.

513
00:26:39.569 --> 00:26:42.390
<v Speaker 1>If you're advising Mark Carney right now, would you say,

514
00:26:42.789 --> 00:26:45.319
<v Speaker 1>go all in on this because once we get this deal,

515
00:26:45.359 --> 00:26:49.200
<v Speaker 1>he's going to leave us alone this time? Or would

516
00:26:49.220 --> 00:26:52.019
<v Speaker 1>you say this deal is only good until the president

517
00:26:52.059 --> 00:26:54.539
<v Speaker 1>agrees wakes up in a bad mood again, in which

518
00:26:54.579 --> 00:26:58.319
<v Speaker 1>case we should bring nothing serious to the table. So

519
00:26:59.240 --> 00:27:01.339
<v Speaker 1>what this is doing, by the way, is it is

520
00:27:01.539 --> 00:27:04.440
<v Speaker 1>in a very direct way hurting American interests. Let me

521
00:27:04.480 --> 00:27:08.039
<v Speaker 1>give you the simplest story of leadership. Effective leadership is

522
00:27:08.099 --> 00:27:10.859
<v Speaker 1>walking into a room and making it easy for someone

523
00:27:10.920 --> 00:27:14.630
<v Speaker 1>else to say yes. Right. I did it today. I

524
00:27:14.890 --> 00:27:16.170
<v Speaker 1>got Jim Acosta to dance.

525
00:27:16.529 --> 00:27:17.069
<v Speaker 2>That's true.

526
00:27:17.329 --> 00:27:19.730
<v Speaker 1>And I got you to yes. And I did that

527
00:27:19.789 --> 00:27:23.470
<v Speaker 1>by bringing all the full force of my charm and personality.

528
00:27:24.069 --> 00:27:26.759
<v Speaker 1>And I also pointed out we're both middle-aged white blokes

529
00:27:26.799 --> 00:27:29.240
<v Speaker 1>and so we had a bit of solidarity, you know,

530
00:27:29.519 --> 00:27:34.299
<v Speaker 1>that dad energy. But what I didn't do is call

531
00:27:34.319 --> 00:27:36.279
<v Speaker 1>you a clown and tell you to fall into line.

532
00:27:36.880 --> 00:27:38.920
<v Speaker 1>I didn't call you a governor and I didn't say

533
00:27:38.960 --> 00:27:42.359
<v Speaker 1>that I was going to take over your livelihood whether

534
00:27:42.380 --> 00:27:45.880
<v Speaker 1>you liked it or not. Right. So these look, we're

535
00:27:45.980 --> 00:27:48.920
<v Speaker 1>used to bad behavior, but this is bad behavior that

536
00:27:49.009 --> 00:27:53.509
<v Speaker 1>is literally costing you. And I just want people to

537
00:27:53.569 --> 00:27:56.130
<v Speaker 1>see that every time the president does this, he's taking

538
00:27:56.190 --> 00:28:00.509
<v Speaker 1>money out of your family's pocket. That's it. It may

539
00:28:00.549 --> 00:28:03.390
<v Speaker 1>not be a lot, but it's kind of meaningful. And

540
00:28:03.410 --> 00:28:06.069
<v Speaker 1>the other thing is, it's dumb. His job is to

541
00:28:06.130 --> 00:28:08.930
<v Speaker 1>work hard to jam more money into your family's pocket.

542
00:28:10.369 --> 00:28:10.509
<v Speaker 4>Right.

543
00:28:11.150 --> 00:28:14.099
<v Speaker 2>Yeah, no, and there are so many products that we

544
00:28:14.130 --> 00:28:16.619
<v Speaker 2>import from Canada that are now going to be a

545
00:28:16.660 --> 00:28:20.359
<v Speaker 2>lot more expensive. I saw a story about a home

546
00:28:20.400 --> 00:28:23.140
<v Speaker 2>builder who said because of lumber coming in from Canada

547
00:28:23.160 --> 00:28:25.640
<v Speaker 2>being more expensive that that is going to result in

548
00:28:25.660 --> 00:28:28.190
<v Speaker 2>higher prices. I mean, it does not take a rocket

549
00:28:28.210 --> 00:28:31.269
<v Speaker 2>scientist or a PhD in economics to figure this stuff out.

550
00:28:31.589 --> 00:28:33.730
<v Speaker 1>This is going to cost people. Let me give you

551
00:28:33.750 --> 00:28:35.869
<v Speaker 1>another way of thinking about it. I live in Michigan,

552
00:28:36.150 --> 00:28:40.819
<v Speaker 1>and so I'm right on the Michigan-Canadian border. Right. If

553
00:28:40.880 --> 00:28:43.759
<v Speaker 1>you think it's a good idea for Michigan to have

554
00:28:43.799 --> 00:28:47.700
<v Speaker 1>high tariffs across that border with Canada, surely you think

555
00:28:47.720 --> 00:28:49.539
<v Speaker 1>it's a good idea for Michigan to have high tariffs

556
00:28:49.859 --> 00:28:53.740
<v Speaker 1>on the border with Ohio. Both of them are just

557
00:28:53.779 --> 00:28:56.900
<v Speaker 1>invisible lines with people on either side. One of them

558
00:28:56.940 --> 00:28:59.500
<v Speaker 1>is full of people who support the worst college football

559
00:28:59.519 --> 00:29:03.579
<v Speaker 1>team in human history. But we actually still managed to

560
00:29:03.619 --> 00:29:07.559
<v Speaker 1>get to a free trade agreement with them. The logic

561
00:29:07.599 --> 00:29:10.140
<v Speaker 1>that says one invisible line we should put tariffs on

562
00:29:10.200 --> 00:29:13.819
<v Speaker 1>and other invisible lines we shouldn't is on its face

563
00:29:14.000 --> 00:29:19.440
<v Speaker 1>just completely flawed. Now, I will say I like to

564
00:29:19.500 --> 00:29:23.579
<v Speaker 1>see the cup occasionally a little bit half full. It

565
00:29:23.640 --> 00:29:26.329
<v Speaker 1>is stunning how much the president has failed to bring

566
00:29:26.349 --> 00:29:29.609
<v Speaker 1>the American people along on this. He has lost the

567
00:29:29.670 --> 00:29:33.150
<v Speaker 1>battle of ideas so profoundly on this issue. And it's

568
00:29:33.170 --> 00:29:35.930
<v Speaker 1>a very hard one to lose. And I think it's

569
00:29:35.970 --> 00:29:37.220
<v Speaker 1>because he hasn't engaged in it.

570
00:29:37.960 --> 00:29:38.240
<v Speaker 2>Yeah.

571
00:29:38.970 --> 00:29:39.970
<v Speaker 1>You know, it just does stuff.

572
00:29:40.799 --> 00:29:42.799
<v Speaker 2>I think he just does stuff and i think he

573
00:29:43.099 --> 00:29:44.740
<v Speaker 2>he believes that at the end of the day at

574
00:29:44.799 --> 00:29:48.160
<v Speaker 2>some point in time maybe in the not so distant

575
00:29:48.200 --> 00:29:50.579
<v Speaker 2>future before he leaves the scene he will be proven

576
00:29:50.619 --> 00:29:53.509
<v Speaker 2>right on this protectionist idea that he has that if

577
00:29:53.529 --> 00:29:55.849
<v Speaker 2>you just slap tariffs on everybody you'll get a better

578
00:29:55.910 --> 00:29:58.250
<v Speaker 2>deal from all these different countries And even if you

579
00:29:58.269 --> 00:30:00.250
<v Speaker 2>do it to your allies, they'll forgive you and they'll

580
00:30:00.289 --> 00:30:02.509
<v Speaker 2>just they'll just buckle to your demands. And he was

581
00:30:02.589 --> 00:30:04.630
<v Speaker 2>asked about this in the Oval Office. Why are you

582
00:30:04.650 --> 00:30:07.970
<v Speaker 2>going after your allies harder than you're going after adversaries?

583
00:30:08.670 --> 00:30:11.210
<v Speaker 2>And and it was interesting. We should listen to this

584
00:30:11.289 --> 00:30:14.349
<v Speaker 2>because I thought it was a really important thing.

585
00:30:15.519 --> 00:30:22.460
<v Speaker 3>Here. Well, they haven't treated as well.

586
00:30:22.859 --> 00:30:26.220
<v Speaker 4>The Canadian officials have treated us very badly. They're nasty people.

587
00:30:27.289 --> 00:30:30.869
<v Speaker 4>They charge our farmers 400% tariffs. They've been doing it

588
00:30:30.910 --> 00:30:31.609
<v Speaker 4>for a long time.

589
00:30:32.130 --> 00:30:32.809
<v Speaker 3>And I had them.

590
00:30:33.269 --> 00:30:35.210
<v Speaker 4>Figured out in my first term, and I did some

591
00:30:35.230 --> 00:30:38.910
<v Speaker 4>pretty strong things and had it getting pretty good. And

592
00:30:38.950 --> 00:30:41.099
<v Speaker 4>then the election was rigged, and now I'm coming back

593
00:30:41.160 --> 00:30:43.799
<v Speaker 4>and doing it the way and finishing the job.

594
00:30:44.400 --> 00:30:45.660
<v Speaker 1>But they treat us very badly.

595
00:30:45.700 --> 00:30:47.740
<v Speaker 4>Canada treats us very badly. I would say that of

596
00:30:47.859 --> 00:30:50.519
<v Speaker 4>all countries, as you know, we have President Xi coming

597
00:30:50.579 --> 00:30:53.220
<v Speaker 4>in a couple of weeks. We have a lot of— we

598
00:30:53.059 --> 00:30:54.559
<v Speaker 4>deal with a lot of people, and people.

599
00:30:54.359 --> 00:30:58.480
<v Speaker 2>Oftentimes— Yeah, he loves the dictators more than he loves

600
00:30:58.940 --> 00:31:03.130
<v Speaker 2>the people who believe in democracy like right across our border,

601
00:31:03.390 --> 00:31:04.269
<v Speaker 2>you know, our best friends.

602
00:31:04.289 --> 00:31:08.390
<v Speaker 1>It's wild. The other thing is there is survey events.

603
00:31:08.410 --> 00:31:11.490
<v Speaker 1>It turns out Americans like Canadians. The president has completely

604
00:31:11.529 --> 00:31:13.970
<v Speaker 1>lost the American people on this one in particular because

605
00:31:14.079 --> 00:31:17.779
<v Speaker 1>we all know Canadians. My sister married one, and he's

606
00:31:17.799 --> 00:31:21.160
<v Speaker 1>a lovely bloke. My brother lives in Toronto. He's having

607
00:31:21.200 --> 00:31:25.589
<v Speaker 1>a terrific time. Great country. We're all linked. You can't

608
00:31:25.690 --> 00:31:29.190
<v Speaker 1>lie and call Canadians nasty. I'll tell you the funny story, Jim.

609
00:31:29.650 --> 00:31:31.950
<v Speaker 1>At some point I was doing a TV interview with

610
00:31:31.970 --> 00:31:35.950
<v Speaker 1>the folks up in Canada, and at some point I thought, oh,

611
00:31:36.450 --> 00:31:38.250
<v Speaker 1>talking about economics is too hard. I'm just going to

612
00:31:38.369 --> 00:31:40.250
<v Speaker 1>speak from the heart. So I said, look, I just

613
00:31:40.269 --> 00:31:42.390
<v Speaker 1>want to say I'm sorry. We south of the border

614
00:31:42.410 --> 00:31:43.990
<v Speaker 1>don't believe in this, or at least not all of us.

615
00:31:45.329 --> 00:31:47.029
<v Speaker 1>So I'm sorry. And the bloke at the other end,

616
00:31:47.069 --> 00:31:50.069
<v Speaker 1>the Canadian TV interviewer, so Canadian, he said, well, I'm

617
00:31:50.130 --> 00:31:52.349
<v Speaker 1>sorry that you feel you have to apologise. And I

618
00:31:52.369 --> 00:31:53.099
<v Speaker 1>was like....

619
00:31:54.569 --> 00:31:55.789
<v Speaker 2>That's so Canadian. Yeah.

620
00:31:56.230 --> 00:31:59.809
<v Speaker 1>He apologized that I apologized moving assholes.

621
00:32:00.549 --> 00:32:02.430
<v Speaker 2>I know, but they're starting to get their dander up.

622
00:32:02.990 --> 00:32:06.029
<v Speaker 2>And God bless the Canadians for standing up to Donald Trump.

623
00:32:06.150 --> 00:32:07.670
<v Speaker 2>I think it's one of the best things that I've

624
00:32:07.690 --> 00:32:10.309
<v Speaker 2>seen in a long time. And I wonder what their

625
00:32:10.450 --> 00:32:13.450
<v Speaker 2>best move is here. I am not any kind of

626
00:32:13.569 --> 00:32:16.259
<v Speaker 2>negotiator when it comes to trade and that sort of thing.

627
00:32:16.700 --> 00:32:18.940
<v Speaker 2>But it seems to me the Iranians have figured out

628
00:32:19.519 --> 00:32:22.869
<v Speaker 2>that you can just make Donald Trump's life miserable. By

629
00:32:23.109 --> 00:32:25.950
<v Speaker 2>with these little pinprick attacks in the Strait of Hormuz

630
00:32:26.089 --> 00:32:28.289
<v Speaker 2>and dragging things out and not going along with these

631
00:32:28.329 --> 00:32:32.589
<v Speaker 2>demands and not buying any of his bluster and bluff

632
00:32:32.869 --> 00:32:34.750
<v Speaker 2>bluffing and so on. And it seems to me the

633
00:32:34.789 --> 00:32:37.130
<v Speaker 2>Canadians could just do the same thing and they could

634
00:32:37.150 --> 00:32:40.190
<v Speaker 2>just let us ratchet up our own misery on ourselves

635
00:32:40.829 --> 00:32:43.490
<v Speaker 2>and just wait it out. And I know maybe that's

636
00:32:43.529 --> 00:32:45.309
<v Speaker 2>not the most Canadian thing to do because they are

637
00:32:45.369 --> 00:32:48.410
<v Speaker 2>such very nice people. Thank God we have them on

638
00:32:48.450 --> 00:32:51.130
<v Speaker 2>our northern border. We don't realize what a blessing that is.

639
00:32:51.759 --> 00:32:54.619
<v Speaker 2>that this wonderful peace loving people is a, and they

640
00:32:54.640 --> 00:32:56.880
<v Speaker 2>just take care of themselves beautifully and, and they don't

641
00:32:56.900 --> 00:33:00.720
<v Speaker 2>really cause us any problems. And they fought. And as

642
00:33:00.759 --> 00:33:03.099
<v Speaker 2>somebody is saying right now, they fought side by side

643
00:33:03.140 --> 00:33:05.019
<v Speaker 2>with us in so many wars, they did it after

644
00:33:05.079 --> 00:33:08.099
<v Speaker 2>nine 11 and so on. But it seems to me

645
00:33:08.140 --> 00:33:10.759
<v Speaker 2>in this moment, their best move may be to let

646
00:33:10.819 --> 00:33:12.559
<v Speaker 2>us just continue to step on a rake.

647
00:33:14.019 --> 00:33:17.839
<v Speaker 1>I'm not so sure. Oh, interesting. Okay. So I get

648
00:33:18.000 --> 00:33:24.539
<v Speaker 1>the desire to, serve up pinpricks to the president yeah

649
00:33:24.680 --> 00:33:27.000
<v Speaker 1>like and honestly if they're like one of those little

650
00:33:27.059 --> 00:33:30.299
<v Speaker 1>dolls i might occasionally be tempted to what do you

651
00:33:30.319 --> 00:33:32.799
<v Speaker 1>call those dolls yeah i might might buy a whole

652
00:33:33.140 --> 00:33:35.000
<v Speaker 1>you know a thousand pack of pins to put in

653
00:33:35.019 --> 00:33:40.299
<v Speaker 1>it um but realize the whole point is tariffs hurt

654
00:33:40.779 --> 00:33:45.529
<v Speaker 1>people on both sides yes so let me say it

655
00:33:45.569 --> 00:33:48.369
<v Speaker 1>another way and this is the the important economics most

656
00:33:48.390 --> 00:33:50.609
<v Speaker 1>important economics lesson you learn all day you know it

657
00:33:50.630 --> 00:33:57.079
<v Speaker 1>already jim Trade of all forms is about cooperation. I

658
00:33:57.160 --> 00:34:01.000
<v Speaker 1>trade with my better half, Betsy Stevenson. I'm an Australian,

659
00:34:01.039 --> 00:34:04.619
<v Speaker 1>she's an American, and I unload the dishwasher and she

660
00:34:04.660 --> 00:34:07.500
<v Speaker 1>washes the clothes. As a result, we each do what

661
00:34:07.559 --> 00:34:10.300
<v Speaker 1>we're better at and our household runs a little smoother.

662
00:34:11.340 --> 00:34:13.730
<v Speaker 1>Our household is going to be worse if you put

663
00:34:13.829 --> 00:34:16.550
<v Speaker 1>frictions or tariffs that make it more difficult for Betsy

664
00:34:16.610 --> 00:34:19.360
<v Speaker 1>and I to trade. Yes. That logic, and I use

665
00:34:19.400 --> 00:34:20.860
<v Speaker 1>this when I teach income one, and when I start

666
00:34:20.900 --> 00:34:22.820
<v Speaker 1>with the logic of thinking about two people, because that

667
00:34:22.920 --> 00:34:27.280
<v Speaker 1>logic is countries don't trade with each other. People trade

668
00:34:27.320 --> 00:34:27.800
<v Speaker 1>with each other.

669
00:34:28.340 --> 00:34:28.570
<v Speaker 2>True.

670
00:34:28.710 --> 00:34:30.429
<v Speaker 1>And so the same thing that leads me to trade

671
00:34:30.449 --> 00:34:32.170
<v Speaker 1>with Betsy. By the way, I trade with you, Jim.

672
00:34:32.230 --> 00:34:35.050
<v Speaker 1>I'm coming on your show. And in return, you're telling

673
00:34:35.070 --> 00:34:38.670
<v Speaker 1>me terrific jokes and giving platypus economics some exposure. That's trade, right?

674
00:34:38.690 --> 00:34:39.610
<v Speaker 1>I'm giving you some economics.

675
00:34:39.630 --> 00:34:40.690
<v Speaker 2>The dad joke trade.

676
00:34:40.750 --> 00:34:40.929
<v Speaker 4>Yeah.

677
00:34:41.110 --> 00:34:43.090
<v Speaker 1>The dad joke trade. We love it. We're all there

678
00:34:43.179 --> 00:34:47.099
<v Speaker 1>for it. And both of our lives are richer because

679
00:34:47.119 --> 00:34:52.630
<v Speaker 1>that's cooperations. And that would be cooperation if the webcam

680
00:34:52.670 --> 00:34:54.949
<v Speaker 1>I'm staring into right now were in Australia or if

681
00:34:54.969 --> 00:34:57.909
<v Speaker 1>it were in America. But it would be international trade

682
00:34:57.949 --> 00:35:00.139
<v Speaker 1>in one of those cases, and it's not in the other.

683
00:35:00.599 --> 00:35:02.480
<v Speaker 1>And so it would bear tariffs in one of those cases,

684
00:35:03.000 --> 00:35:06.139
<v Speaker 1>but not in the other. So if you understand trade

685
00:35:06.539 --> 00:35:10.420
<v Speaker 1>as cooperation, then you understand any attempt to reduce trade

686
00:35:10.599 --> 00:35:14.340
<v Speaker 1>as destroying cooperation. Now, the thing is, if the government

687
00:35:14.409 --> 00:35:16.650
<v Speaker 1>came and said Acosta and Wolfers can never talk again,

688
00:35:17.070 --> 00:35:21.039
<v Speaker 1>just think about what gross dad joke product would do.

689
00:35:21.139 --> 00:35:21.760
<v Speaker 1>It would fall.

690
00:35:21.780 --> 00:35:22.460
<v Speaker 3>Right.

691
00:35:22.480 --> 00:35:27.380
<v Speaker 1>And it would fall tragically. We would both suffer. And

692
00:35:27.599 --> 00:35:32.639
<v Speaker 1>that's the very difficult and very real trade-off that Prime

693
00:35:32.659 --> 00:35:36.480
<v Speaker 1>Minister Carney faces right now, which is if President Trump's

694
00:35:36.739 --> 00:35:42.159
<v Speaker 1>sin is not understanding trade is cooperation and he's destroying cooperation,

695
00:35:42.739 --> 00:35:47.119
<v Speaker 1>is Canada's best response to also destroy cooperation?

696
00:35:47.889 --> 00:35:48.030
<v Speaker 4>Yeah.

697
00:35:49.590 --> 00:35:53.070
<v Speaker 2>And just to educate our viewers a little bit, some

698
00:35:53.150 --> 00:35:58.059
<v Speaker 2>tariffs are necessary. Republican and Democratic administrations have had to

699
00:35:58.119 --> 00:36:01.159
<v Speaker 2>apply tariffs. I remember during the Obama administration, I think

700
00:36:01.199 --> 00:36:05.239
<v Speaker 2>they went after China on tires, if I'm not mistaken.

701
00:36:05.280 --> 00:36:08.719
<v Speaker 2>There have been instances where it just makes sense. You

702
00:36:08.739 --> 00:36:12.119
<v Speaker 2>just have to do it because there might be product

703
00:36:12.139 --> 00:36:14.599
<v Speaker 2>dumping and that sort of thing. So it's not a

704
00:36:14.719 --> 00:36:17.650
<v Speaker 2>nutty idea to do this. But he's been doing this

705
00:36:17.710 --> 00:36:20.360
<v Speaker 2>in a blanket fashion that just gets everybody riled up.

706
00:36:20.429 --> 00:36:23.130
<v Speaker 2>I don't understand what he thinks is the end game

707
00:36:23.230 --> 00:36:24.829
<v Speaker 2>in all of this, that people are just going to

708
00:36:24.889 --> 00:36:26.590
<v Speaker 2>buckle and back down and he'll get a better deal

709
00:36:26.630 --> 00:36:27.610
<v Speaker 2>out of it. Right.

710
00:36:28.030 --> 00:36:31.429
<v Speaker 1>So I think you're right. There's a very real argument

711
00:36:31.449 --> 00:36:34.670
<v Speaker 1>to be had. When and where and are tariffs helpful?

712
00:36:35.989 --> 00:36:37.989
<v Speaker 1>And if we're talking about smart tariffs, that's actually a

713
00:36:38.030 --> 00:36:40.889
<v Speaker 1>really engaging debate. Should we put them on tires? Should

714
00:36:40.929 --> 00:36:43.150
<v Speaker 1>we put them on chips? Should we put them on guns?

715
00:36:43.289 --> 00:36:45.260
<v Speaker 1>Should we put them on food? And I have that

716
00:36:45.300 --> 00:36:48.460
<v Speaker 1>debate with my students and it's really interesting. You know

717
00:36:48.500 --> 00:36:52.079
<v Speaker 1>what there's no debate about? Dumb tariffs. And that's the problem.

718
00:36:52.139 --> 00:36:55.599
<v Speaker 1>So for instance, the fact that our tariff regime keeps changing,

719
00:36:55.860 --> 00:36:58.280
<v Speaker 1>if the idea of tariffs is to bring manufacturing jobs

720
00:36:58.320 --> 00:37:01.260
<v Speaker 1>back to America, then what you need is to make

721
00:37:01.300 --> 00:37:04.070
<v Speaker 1>it so profitable to do business in America, people want

722
00:37:04.090 --> 00:37:08.349
<v Speaker 1>to build new factories. But if you realize the current

723
00:37:08.409 --> 00:37:10.570
<v Speaker 1>tariff regime that's meant to induce you to do that

724
00:37:10.650 --> 00:37:14.780
<v Speaker 1>is going to last until next Wednesday, Why would you

725
00:37:14.800 --> 00:37:17.820
<v Speaker 1>start building a factory that's going to take you several

726
00:37:17.840 --> 00:37:19.900
<v Speaker 1>years to build and you need to keep profitable for

727
00:37:19.920 --> 00:37:22.820
<v Speaker 1>several decades? That's an example of dumb. Let me give

728
00:37:22.840 --> 00:37:25.239
<v Speaker 1>you another example of dumb. If what you want is

729
00:37:25.280 --> 00:37:27.619
<v Speaker 1>a better deal out of the Canadians, what you want

730
00:37:27.659 --> 00:37:31.090
<v Speaker 1>to do is make it easy for them to say yes.

731
00:37:32.199 --> 00:37:36.090
<v Speaker 1>The president's done the exact opposite. And so, again, we're

732
00:37:36.110 --> 00:37:38.670
<v Speaker 1>not getting leverage out of this. If Prime Minister Carney

733
00:37:38.809 --> 00:37:41.690
<v Speaker 1>wanted to agree with President Trump right now, he couldn't.

734
00:37:42.250 --> 00:37:45.030
<v Speaker 1>He would get drawn and courted by the Canadian population

735
00:37:45.050 --> 00:37:50.550
<v Speaker 1>who've been called clowns. And so this is really my frustration.

736
00:37:50.909 --> 00:37:53.469
<v Speaker 1>In another administration, let's have a wonderful rich debate about

737
00:37:53.510 --> 00:37:57.650
<v Speaker 1>when and where tariffs are useful. But the incompetence with

738
00:37:57.730 --> 00:38:00.829
<v Speaker 1>which this tariff regime is applied is breathtaking.

739
00:38:01.869 --> 00:38:02.070
<v Speaker 4>Yeah.

740
00:38:02.789 --> 00:38:06.239
<v Speaker 2>And somebody asked the question earlier, could a democratic administration

741
00:38:07.280 --> 00:38:10.690
<v Speaker 2>regain this trust with the Canadians? I mean... It sounds

742
00:38:10.750 --> 00:38:13.050
<v Speaker 2>as though and you're closer to this being in Michigan.

743
00:38:13.489 --> 00:38:15.900
<v Speaker 2>It sounds as though something has changed. And I hear

744
00:38:15.940 --> 00:38:19.699
<v Speaker 2>this from the diplomatic community here in Washington, that America's allies,

745
00:38:20.260 --> 00:38:22.619
<v Speaker 2>you know, they're starting to come to this feeling that

746
00:38:23.000 --> 00:38:28.070
<v Speaker 2>that America is not predictably stable anymore. And that if

747
00:38:28.090 --> 00:38:29.969
<v Speaker 2>you can have Donald Trump in there, then he gets

748
00:38:30.010 --> 00:38:32.690
<v Speaker 2>booted out and then he has an insurrection and then

749
00:38:32.710 --> 00:38:36.590
<v Speaker 2>he gets back in somehow. People around the world just

750
00:38:36.630 --> 00:38:38.409
<v Speaker 2>question the judgment of the American people. They say, well,

751
00:38:38.429 --> 00:38:40.389
<v Speaker 2>you know, and then he acts this way during the

752
00:38:40.409 --> 00:38:42.360
<v Speaker 2>second term. They just say, well, you know, we just

753
00:38:42.380 --> 00:38:44.099
<v Speaker 2>got to figure out other things, too. And the Canadians

754
00:38:44.139 --> 00:38:48.320
<v Speaker 2>are talking about forming tighter alliances with the Europeans and

755
00:38:48.400 --> 00:38:51.460
<v Speaker 2>so on. There could be some really long term serious

756
00:38:51.500 --> 00:38:54.300
<v Speaker 2>effects because a new Democratic administration could come in. The

757
00:38:54.320 --> 00:38:57.690
<v Speaker 2>Canadians and Europeans and maybe South Koreans. He's been pissing

758
00:38:57.730 --> 00:39:01.849
<v Speaker 2>them off, too. Might say, well, you know, we tried this.

759
00:39:01.909 --> 00:39:03.309
<v Speaker 2>It didn't work. Good luck.

760
00:39:04.480 --> 00:39:06.820
<v Speaker 1>So there's a range of possible ways in which people

761
00:39:06.840 --> 00:39:10.519
<v Speaker 1>could think about this. At one extreme, it's the Americans

762
00:39:10.579 --> 00:39:13.260
<v Speaker 1>had a moment of madness and elected this particular ruler,

763
00:39:13.320 --> 00:39:15.610
<v Speaker 1>and he stands completely at odds with all past and

764
00:39:15.619 --> 00:39:19.750
<v Speaker 1>all future American presidents. Let's take a mulligan, which I

765
00:39:19.789 --> 00:39:21.630
<v Speaker 1>believe is a golf term that means something.

766
00:39:22.230 --> 00:39:22.409
<v Speaker 4>Yeah.

767
00:39:22.670 --> 00:39:23.289
<v Speaker 1>That's what it means.

768
00:39:23.309 --> 00:39:24.969
<v Speaker 2>You're screwed up and you get to go another.

769
00:39:25.329 --> 00:39:25.489
<v Speaker 4>Yeah.

770
00:39:25.590 --> 00:39:26.110
<v Speaker 1>Is that right?

771
00:39:26.320 --> 00:39:28.420
<v Speaker 2>Okay. You take another swing, I think is what it is.

772
00:39:29.099 --> 00:39:31.000
<v Speaker 2>My buddies give them to me all the time. But anyway,

773
00:39:31.019 --> 00:39:31.320
<v Speaker 2>you know.

774
00:39:31.340 --> 00:39:34.699
<v Speaker 1>Okay. I would like to give you a mulligan. Can

775
00:39:34.739 --> 00:39:35.440
<v Speaker 1>I give you a mulligan?

776
00:39:35.699 --> 00:39:37.039
<v Speaker 2>You can always give me a mulligan.

777
00:39:37.380 --> 00:39:41.510
<v Speaker 1>Okay, great. That's one extreme. The other extreme is the

778
00:39:41.550 --> 00:39:45.210
<v Speaker 1>American people have put President Trump at the center of

779
00:39:45.230 --> 00:39:47.989
<v Speaker 1>their political life for 12 years in a row. They

780
00:39:48.030 --> 00:39:52.280
<v Speaker 1>elected him twice. The problem here is not a president.

781
00:39:52.539 --> 00:39:55.920
<v Speaker 1>The problem is the electorate and its cultural, political and

782
00:39:55.980 --> 00:40:01.840
<v Speaker 1>social institutions. And they've shown their institutions to be unstable

783
00:40:01.889 --> 00:40:05.590
<v Speaker 1>and unreliable in a way that one simply can't forget.

784
00:40:07.369 --> 00:40:09.650
<v Speaker 1>Where are we on that spectrum? I don't know. I

785
00:40:10.449 --> 00:40:15.110
<v Speaker 1>know that countries have rehabilitated themselves. Let me quietly say

786
00:40:15.150 --> 00:40:17.750
<v Speaker 1>some of my best friends are German. There was a

787
00:40:17.789 --> 00:40:19.570
<v Speaker 1>time that would have been kind of an awkward thing

788
00:40:19.610 --> 00:40:24.409
<v Speaker 1>to say. Argentina, though, has lurched from crisis to crisis

789
00:40:25.119 --> 00:40:28.980
<v Speaker 1>and probably doesn't feel out of the woods anytime soon. Right.

790
00:40:29.460 --> 00:40:31.579
<v Speaker 1>We're somewhere in all of that. But what we do

791
00:40:31.639 --> 00:40:33.500
<v Speaker 1>know is that we have taught the rest of the

792
00:40:33.539 --> 00:40:38.619
<v Speaker 1>world that certainly I have come to the conclusion the

793
00:40:38.639 --> 00:40:41.230
<v Speaker 1>world is more uncertain than I could possibly have ever imagined.

794
00:40:42.369 --> 00:40:44.750
<v Speaker 1>I would never have thought of the idea that the

795
00:40:44.789 --> 00:40:49.130
<v Speaker 1>United States would be in the midst of a trade

796
00:40:49.150 --> 00:40:53.449
<v Speaker 1>war and have threatened the integrity of canada i literally

797
00:40:53.469 --> 00:40:54.920
<v Speaker 1>would have thought if you told me that was a

798
00:40:54.980 --> 00:40:57.159
<v Speaker 1>million to one i would have offered you odds i

799
00:40:57.179 --> 00:40:59.340
<v Speaker 1>would let you bet a dollar to what a million

800
00:41:00.559 --> 00:41:03.440
<v Speaker 1>um and that in turn means that everyone has to

801
00:41:03.500 --> 00:41:05.860
<v Speaker 1>do do you remember during covid when we couldn't always

802
00:41:05.880 --> 00:41:08.780
<v Speaker 1>get the vaccines or the protective equipment right we got

803
00:41:08.820 --> 00:41:11.269
<v Speaker 1>these new words like friend shoring and on shoring it

804
00:41:11.309 --> 00:41:13.670
<v Speaker 1>was like hey you kind of learned other folks aren't

805
00:41:13.710 --> 00:41:16.480
<v Speaker 1>as reliable as you might have hoped Well, that's been

806
00:41:16.519 --> 00:41:18.280
<v Speaker 1>a big lesson. And so, yeah, the rest of the

807
00:41:18.320 --> 00:41:20.150
<v Speaker 1>world is talking to each other. Whether they're going to

808
00:41:20.170 --> 00:41:23.170
<v Speaker 1>let us back in the conversation, that's the thing we've

809
00:41:23.349 --> 00:41:25.769
<v Speaker 1>got all our fingers and toes crossed about. But, Jim,

810
00:41:25.829 --> 00:41:27.510
<v Speaker 1>on that, I just want to end with a compliment,

811
00:41:28.369 --> 00:41:31.969
<v Speaker 1>which is any number of media figures might say, and

812
00:41:32.010 --> 00:41:35.400
<v Speaker 1>how do you think this will affect Q3 GDP? And

813
00:41:35.420 --> 00:41:37.460
<v Speaker 1>I can give you an answer, but the answer is

814
00:41:37.500 --> 00:41:42.760
<v Speaker 1>not very interesting. How will this affect the overall institutions,

815
00:41:42.820 --> 00:41:45.079
<v Speaker 1>the structure that yours and my kids will grow up in?

816
00:41:45.469 --> 00:41:47.889
<v Speaker 1>How will this affect the opportunities that are available to them?

817
00:41:47.949 --> 00:41:50.329
<v Speaker 1>How will this affect future military spending and therefore the

818
00:41:50.349 --> 00:41:53.849
<v Speaker 1>taxes that they pay? How will this affect their ability

819
00:41:53.889 --> 00:41:57.019
<v Speaker 1>to find love or friendship or work or trading partners

820
00:41:57.079 --> 00:42:00.960
<v Speaker 1>across invisible lines that divide our countries? That's where you've

821
00:42:01.000 --> 00:42:03.679
<v Speaker 1>moved us to. And I just really appreciate that. I

822
00:42:03.719 --> 00:42:06.170
<v Speaker 1>want to dwell on that. And if there's one economic

823
00:42:06.250 --> 00:42:07.829
<v Speaker 1>lesson that I've spent a lot of time trying to

824
00:42:07.869 --> 00:42:12.230
<v Speaker 1>talk to people about, it is that look, stop looking

825
00:42:12.289 --> 00:42:14.730
<v Speaker 1>at next quarter's numbers for whether the next recession is

826
00:42:14.769 --> 00:42:18.710
<v Speaker 1>going to happen. Instead, use economic theory, intuition, and history

827
00:42:18.730 --> 00:42:21.869
<v Speaker 1>to ask yourself, is something even more valuable at stake here?

828
00:42:23.449 --> 00:42:26.949
<v Speaker 2>I couldn't agree with you more, 100%. And the Canadians

829
00:42:26.989 --> 00:42:30.280
<v Speaker 2>have been such good friends that it has never been

830
00:42:30.300 --> 00:42:33.219
<v Speaker 2>a thought that's occurred to any of us. Would they

831
00:42:33.320 --> 00:42:36.880
<v Speaker 2>always be there for us? And now it's becoming kind

832
00:42:36.920 --> 00:42:39.559
<v Speaker 2>of an open question because of what is happening right now.

833
00:42:39.599 --> 00:42:43.449
<v Speaker 2>But Justin, Thank you so much for coming on Platypus Economics.

834
00:42:43.469 --> 00:42:46.530
<v Speaker 2>We can find you there and subscribe to you, follow

835
00:42:46.670 --> 00:42:49.010
<v Speaker 2>you everywhere you're at. Justin, great to see you. Thank

836
00:42:49.030 --> 00:42:49.590
<v Speaker 2>you so much.

837
00:42:50.190 --> 00:42:50.650
<v Speaker 1>Take care, Jim.

838
00:42:51.130 --> 00:42:55.070
<v Speaker 2>All right. Thank you. And gosh, what a, you know,

839
00:42:55.469 --> 00:42:59.010
<v Speaker 2>Justin teaches economics. I would not want to enroll. Can

840
00:42:59.030 --> 00:43:01.269
<v Speaker 2>I enroll at the University of Michigan and take one

841
00:43:01.289 --> 00:43:05.920
<v Speaker 2>of Justin's classes? That was terrific. You know, listen, I

842
00:43:05.960 --> 00:43:09.800
<v Speaker 2>think what Justin was getting at there, and it's something

843
00:43:09.820 --> 00:43:11.730
<v Speaker 2>that I like to talk about on the show from

844
00:43:11.809 --> 00:43:14.150
<v Speaker 2>time to time. And I mentioned this just recently, I

845
00:43:14.190 --> 00:43:16.190
<v Speaker 2>talked about how, you know, I was at one of

846
00:43:16.210 --> 00:43:19.869
<v Speaker 2>these diplomatic functions around Washington, DC that I go to

847
00:43:19.889 --> 00:43:23.210
<v Speaker 2>from time to time. And some very lovely people, by

848
00:43:23.250 --> 00:43:26.030
<v Speaker 2>the way, I mean, for all of you, America first, America, America,

849
00:43:26.070 --> 00:43:28.010
<v Speaker 2>I never leave the country because why would I leave

850
00:43:28.050 --> 00:43:30.329
<v Speaker 2>the best country on earth and go to these other countries?

851
00:43:30.869 --> 00:43:33.210
<v Speaker 2>And who are these people, these weird foreigners and stuff?

852
00:43:33.829 --> 00:43:37.409
<v Speaker 2>Some of the loveliest people you could meet are outside

853
00:43:37.449 --> 00:43:41.690
<v Speaker 2>of the borders of the United States. and are living

854
00:43:41.710 --> 00:43:45.710
<v Speaker 2>in places and in countries that we consider to be

855
00:43:46.110 --> 00:43:48.949
<v Speaker 2>close friends of the United States, close friends of America.

856
00:43:49.909 --> 00:43:51.969
<v Speaker 2>And I told this story the other day. I'll tell

857
00:43:51.989 --> 00:43:54.250
<v Speaker 2>it again in case folks missed it. I was at

858
00:43:54.269 --> 00:43:58.469
<v Speaker 2>a diplomatic function. I had an ambassador to one of

859
00:43:58.530 --> 00:44:01.809
<v Speaker 2>our allies in Europe come up to me and say,

860
00:44:01.949 --> 00:44:04.349
<v Speaker 2>what's happening right now, Jim, reminds me of Germany in

861
00:44:04.369 --> 00:44:10.010
<v Speaker 2>the 1930s. And there was another ambassador from another U.S.

862
00:44:10.090 --> 00:44:13.769
<v Speaker 2>ally standing next to this ambassador. And that ambassador nodded. Yep.

863
00:44:14.250 --> 00:44:14.449
<v Speaker 4>Yep.

864
00:44:15.010 --> 00:44:18.659
<v Speaker 2>And they were both saying the same thing. And, you know,

865
00:44:18.800 --> 00:44:21.039
<v Speaker 2>it is funny to see the memes and talk about

866
00:44:21.500 --> 00:44:24.219
<v Speaker 2>Donald Trump getting made fun of and, you know, stepping

867
00:44:24.280 --> 00:44:27.340
<v Speaker 2>on a rake and acting like a fool on the

868
00:44:27.380 --> 00:44:32.099
<v Speaker 2>world stage. But it is having real world consequences. It

869
00:44:32.159 --> 00:44:36.780
<v Speaker 2>is having lasting consequences. on our relationships with our friends

870
00:44:37.010 --> 00:44:38.730
<v Speaker 2>around the world. And when you talk about the Canadians,

871
00:44:38.789 --> 00:44:40.710
<v Speaker 2>one of the things that the Canadians will remind us of,

872
00:44:41.269 --> 00:44:44.150
<v Speaker 2>and they're such polite people that they maybe allow us

873
00:44:44.170 --> 00:44:46.409
<v Speaker 2>to remind us of this first, is they were with

874
00:44:46.489 --> 00:44:49.889
<v Speaker 2>us shoulder to shoulder after 9-11. They've been with us

875
00:44:49.949 --> 00:44:56.760
<v Speaker 2>shoulder to shoulder on D-Day, in so many other cases,

876
00:44:57.500 --> 00:45:00.480
<v Speaker 2>when America's back was against the wall, when the fate

877
00:45:00.500 --> 00:45:05.250
<v Speaker 2>of the world was on the line. The Canadians have

878
00:45:05.369 --> 00:45:07.769
<v Speaker 2>been there for the United States. The Canadians have been

879
00:45:07.809 --> 00:45:13.090
<v Speaker 2>there for humanity, for democracy, for freedom around the world.

880
00:45:13.869 --> 00:45:18.380
<v Speaker 2>To call them staunch allies is an understatement. And then

881
00:45:18.420 --> 00:45:22.159
<v Speaker 2>you have Donald Trump in the Oval Office today cracking

882
00:45:22.219 --> 00:45:26.679
<v Speaker 2>wise about how he wants to rename Lake Ontario, Lake America.

883
00:45:26.699 --> 00:45:27.940
<v Speaker 2>Let's play this before we go.

884
00:45:28.440 --> 00:45:34.739
<v Speaker 4>Changing the name of Lake Ontario. effective immediately to Lake America.

885
00:45:34.969 --> 00:45:36.909
<v Speaker 4>As you know, Canada's been ripping us off for a

886
00:45:36.929 --> 00:45:39.349
<v Speaker 4>long time on trade, very sadly.

887
00:45:39.889 --> 00:45:40.570
<v Speaker 1>Even the military.

888
00:45:40.590 --> 00:45:42.929
<v Speaker 3>You know, we defend Canada for nothing. We don't get anything.

889
00:45:42.949 --> 00:45:45.389
<v Speaker 3>They don't pay us to defend Canada, but we defend Canada.

890
00:45:45.489 --> 00:45:46.030
<v Speaker 3>They want to be.

891
00:45:46.010 --> 00:45:49.260
<v Speaker 4>Treated like a state, but they're not a state. But

892
00:45:49.280 --> 00:45:51.059
<v Speaker 4>they want to be treated like they're a state. And

893
00:45:51.159 --> 00:45:54.500
<v Speaker 4>so we just can't do that anymore. We lose, on average,

894
00:45:54.539 --> 00:45:58.960
<v Speaker 4>over the last 15 years, $ 60 billion a year carrying Canada.

895
00:45:59.000 --> 00:46:00.599
<v Speaker 4>So we just can't do it anymore. We love the

896
00:46:00.659 --> 00:46:04.730
<v Speaker 4>people of Canada. I don't think their representatives do an

897
00:46:04.769 --> 00:46:05.510
<v Speaker 4>appropriate job.

898
00:46:05.550 --> 00:46:06.369
<v Speaker 1>Maybe they'll change.

899
00:46:06.409 --> 00:46:07.349
<v Speaker 3>I really don't know.

900
00:46:07.369 --> 00:46:11.130
<v Speaker 2>Yeah, I mean, that's Donald Trump just acting like a fool,

901
00:46:11.190 --> 00:46:14.880
<v Speaker 2>insulting our Canadian friends, talking about how badly they treat

902
00:46:14.940 --> 00:46:18.059
<v Speaker 2>us and so on. I mean, this again, you know,

903
00:46:18.760 --> 00:46:23.380
<v Speaker 2>every accusation is a confession. Every accusation is projection. It's

904
00:46:23.420 --> 00:46:27.760
<v Speaker 2>Donald Trump who is being the belligerent fool here. And

905
00:46:28.059 --> 00:46:30.960
<v Speaker 2>I know Justin Wolfers was saying this a few moments ago.

906
00:46:31.119 --> 00:46:33.820
<v Speaker 2>I'll say this right here on behalf of the American

907
00:46:33.880 --> 00:46:37.340
<v Speaker 2>people to our Canadian friends. We, I mean, there are

908
00:46:37.360 --> 00:46:39.860
<v Speaker 2>so many of us who would like to apologize for

909
00:46:39.920 --> 00:46:43.139
<v Speaker 2>this ridiculous behavior. And, you know, I mean, there have

910
00:46:43.179 --> 00:46:47.179
<v Speaker 2>been some, some, you know, witty retorts to all of this.

911
00:46:47.280 --> 00:46:53.219
<v Speaker 2>Obviously there's been some talk about renaming Lake Ontario, perhaps

912
00:46:53.280 --> 00:46:56.380
<v Speaker 2>Lake Epstein. I mean, there is that. But, you know,

913
00:46:57.269 --> 00:46:59.210
<v Speaker 2>This goes back to what Donald Trump was doing. There

914
00:46:59.230 --> 00:47:00.969
<v Speaker 2>it is right there. Lake Epstein.

915
00:47:01.210 --> 00:47:01.469
<v Speaker 1>Yes.

916
00:47:02.849 --> 00:47:09.170
<v Speaker 2>Our Canadian friends are funny. And, you know, this goes

917
00:47:09.230 --> 00:47:11.710
<v Speaker 2>back to what was happening at the beginning of this

918
00:47:11.789 --> 00:47:14.130
<v Speaker 2>second administration, the beginning of this second go-around, when he

919
00:47:14.150 --> 00:47:16.690
<v Speaker 2>tried to rename the Gulf of Mexico the Gulf of America.

920
00:47:16.750 --> 00:47:19.409
<v Speaker 2>Nobody calls it the Gulf of America. The only stupid

921
00:47:19.489 --> 00:47:22.460
<v Speaker 2>idiots who call the Gulf of Mexico the Gulf of

922
00:47:22.480 --> 00:47:25.920
<v Speaker 2>America are either working at the White House or on

923
00:47:26.019 --> 00:47:29.190
<v Speaker 2>Fox News. And I don't even think the people who

924
00:47:29.329 --> 00:47:33.030
<v Speaker 2>watch Fox or vote Republican or vote MAGA, I don't

925
00:47:33.070 --> 00:47:35.309
<v Speaker 2>even think they call it the Gulf of America. It

926
00:47:35.349 --> 00:47:37.969
<v Speaker 2>is just the dumbest thing. And I remember hearing people

927
00:47:37.989 --> 00:47:40.710
<v Speaker 2>in legacy mainstream media, they were suddenly calling it the

928
00:47:40.769 --> 00:47:42.670
<v Speaker 2>Gulf of America to kiss up Donald Trump. It was

929
00:47:42.690 --> 00:47:46.570
<v Speaker 2>just the most grotesque, stupid bullshit that I had ever seen.

930
00:47:46.969 --> 00:47:51.369
<v Speaker 2>But it was happening at a time when Trump was

931
00:47:51.409 --> 00:47:53.489
<v Speaker 2>putting everybody's head in the vice. He was going after

932
00:47:54.289 --> 00:47:56.550
<v Speaker 2>people who were a part of the mainstream media, people

933
00:47:56.590 --> 00:47:59.510
<v Speaker 2>like myself. He was going after law firms and universities,

934
00:47:59.690 --> 00:48:03.820
<v Speaker 2>and he was banning the Associated Press from Air Force

935
00:48:03.920 --> 00:48:05.659
<v Speaker 2>One and the Oval Office because they wouldn't call the

936
00:48:05.699 --> 00:48:10.119
<v Speaker 2>Gulf of Mexico the Gulf of America. Doesn't that feel

937
00:48:10.300 --> 00:48:12.719
<v Speaker 2>like a million years ago? And here we are now,

938
00:48:12.820 --> 00:48:16.429
<v Speaker 2>some 60 or 70 days before the midterm elections, and

939
00:48:16.489 --> 00:48:21.150
<v Speaker 2>how stupid and foolish does Donald Trump sound right now?

940
00:48:21.920 --> 00:48:25.110
<v Speaker 2>calling Lake Ontario, Lake America. First of all, he can't

941
00:48:25.130 --> 00:48:28.389
<v Speaker 2>even come up with some other word other than America.

942
00:48:28.449 --> 00:48:32.250
<v Speaker 2>He's like a toddler who has a limited vocabulary. But

943
00:48:32.309 --> 00:48:36.469
<v Speaker 2>think about how little leverage he has now. Think about

944
00:48:36.860 --> 00:48:39.800
<v Speaker 2>how much his standing on the world stage has been

945
00:48:39.840 --> 00:48:44.199
<v Speaker 2>reduced and how isolated he looks around the world. I mean,

946
00:48:44.659 --> 00:48:48.119
<v Speaker 2>he sends the CIA director to Russia to say, please

947
00:48:48.159 --> 00:48:50.769
<v Speaker 2>don't attack a NATO country. There used to be a

948
00:48:50.829 --> 00:48:53.820
<v Speaker 2>time in the United States of America, where we didn't

949
00:48:53.860 --> 00:48:55.619
<v Speaker 2>have to put the CIA director on a plane to

950
00:48:55.659 --> 00:48:58.199
<v Speaker 2>Russia and beg them not to, to attack a NATO

951
00:48:58.239 --> 00:49:01.760
<v Speaker 2>country because we were the United States of America and

952
00:49:01.840 --> 00:49:05.239
<v Speaker 2>people didn't fuck with us. And I guess people are

953
00:49:05.280 --> 00:49:07.099
<v Speaker 2>fucking with, and the Russians feel like they can fuck

954
00:49:07.119 --> 00:49:08.659
<v Speaker 2>with us now. And the Chinese feel like they can

955
00:49:08.679 --> 00:49:11.289
<v Speaker 2>fuck with us now and on and on and on

956
00:49:11.329 --> 00:49:16.329
<v Speaker 2>because Donald Trump's standing on the world stage has been diminished.

957
00:49:17.150 --> 00:49:20.739
<v Speaker 2>He is the incredible shrinking president and he is shrinking

958
00:49:20.860 --> 00:49:26.760
<v Speaker 2>in stature before our very eyes. And all he has

959
00:49:26.840 --> 00:49:32.539
<v Speaker 2>left are these petty, immature, obnoxious insults where he calls

960
00:49:32.619 --> 00:49:35.909
<v Speaker 2>Lake Ontario, Lake America. The Canadians are not impressed by that.

961
00:49:36.730 --> 00:49:38.949
<v Speaker 2>That doesn't get them back to the bargaining table. All

962
00:49:38.989 --> 00:49:44.769
<v Speaker 2>it does... is again piss off and alienate and ostracize

963
00:49:45.150 --> 00:49:47.670
<v Speaker 2>a country that has been with us every step of

964
00:49:47.690 --> 00:49:51.280
<v Speaker 2>the way. They are arguably our best friends in the

965
00:49:51.340 --> 00:49:53.719
<v Speaker 2>world because they have been not just friends, and we

966
00:49:53.739 --> 00:49:56.059
<v Speaker 2>have wonderful friends in the Brits, the French, and I'm

967
00:49:56.099 --> 00:49:57.639
<v Speaker 2>not naming all the countries, and people are going to

968
00:49:57.659 --> 00:49:59.420
<v Speaker 2>mad at me for not naming all the countries, Australia

969
00:49:59.440 --> 00:50:02.920
<v Speaker 2>and Japan, and there are so many wonderful countries around

970
00:50:02.940 --> 00:50:04.960
<v Speaker 2>the world that would say, yes, we're the best friends

971
00:50:04.980 --> 00:50:08.340
<v Speaker 2>of America, maybe not now. But the Canadians have been

972
00:50:08.400 --> 00:50:12.269
<v Speaker 2>good neighbors. They've been like that neighbor across the street

973
00:50:12.309 --> 00:50:15.170
<v Speaker 2>in your community or maybe next door. Your car breaks

974
00:50:15.210 --> 00:50:17.210
<v Speaker 2>down or your battery dies and they come over with

975
00:50:17.230 --> 00:50:19.989
<v Speaker 2>the jumper cables or maybe your power goes out. They've

976
00:50:20.010 --> 00:50:21.849
<v Speaker 2>got a generator and you don't, so they bring the

977
00:50:21.909 --> 00:50:24.610
<v Speaker 2>extension cord over so you have power again. Your air

978
00:50:24.650 --> 00:50:26.610
<v Speaker 2>conditioning can go back on and you can put on

979
00:50:26.650 --> 00:50:30.949
<v Speaker 2>your refrigerator. That guy, that gentleman, that nice lady next door,

980
00:50:31.380 --> 00:50:34.360
<v Speaker 2>those are the Canadians. They're the ones, if you're broken

981
00:50:34.380 --> 00:50:35.980
<v Speaker 2>down on the side of the road, even though we

982
00:50:36.019 --> 00:50:38.739
<v Speaker 2>live in this violent, fucked up country where everybody's worried

983
00:50:38.780 --> 00:50:41.320
<v Speaker 2>that they're going to get shot or killed, They're the

984
00:50:41.380 --> 00:50:45.239
<v Speaker 2>nice elderly senior citizen gentleman who pulls up in front

985
00:50:45.260 --> 00:50:46.380
<v Speaker 2>of your car on the side of the road and

986
00:50:46.400 --> 00:50:48.010
<v Speaker 2>get your car going again or helps you put the

987
00:50:48.300 --> 00:50:51.530
<v Speaker 2>spare tire on. That's who the Canadian people have always

988
00:50:51.570 --> 00:50:55.389
<v Speaker 2>been to the United States of America. And Donald Trump

989
00:50:55.570 --> 00:51:00.269
<v Speaker 2>is absolutely completely shitting all over that friendship and relationship.

990
00:51:01.889 --> 00:51:07.429
<v Speaker 2>He is completely shitting over the most invaluable friendship that

991
00:51:07.449 --> 00:51:10.820
<v Speaker 2>we have anywhere in the world. Because they're right on

992
00:51:10.880 --> 00:51:13.019
<v Speaker 2>our border. Think about how lucky and how fortunate we are.

993
00:51:13.400 --> 00:51:16.659
<v Speaker 2>Right on our border. That massive border. He likes to

994
00:51:16.679 --> 00:51:19.239
<v Speaker 2>talk about the southern border. Talks about the southern border.

995
00:51:19.380 --> 00:51:22.050
<v Speaker 2>And our Mexican friends are wonderful too. But think about

996
00:51:22.650 --> 00:51:28.070
<v Speaker 2>how peaceful and tranquil and idyllic the Canadian existence has

997
00:51:28.130 --> 00:51:33.769
<v Speaker 2>been for decades. And I guess centuries. And how all

998
00:51:33.789 --> 00:51:37.610
<v Speaker 2>of that has never really backfired on us or hurt

999
00:51:37.690 --> 00:51:40.989
<v Speaker 2>us in any way. It's always been a good and

1000
00:51:41.139 --> 00:51:45.010
<v Speaker 2>wonderful thing to have the Canadians across the border from us.

1001
00:51:46.630 --> 00:51:48.090
<v Speaker 2>And now we've pissed them off to the point where

1002
00:51:48.110 --> 00:51:50.469
<v Speaker 2>they don't like to hear the national anthem at sporting events.

1003
00:51:53.269 --> 00:51:56.469
<v Speaker 2>And now they're angry with us. They're upset with us.

1004
00:51:56.510 --> 00:52:00.579
<v Speaker 2>We've pissed off a very good friend. And friendship, it's

1005
00:52:00.619 --> 00:52:02.320
<v Speaker 2>one of the best things that we have in this world.

1006
00:52:02.360 --> 00:52:03.760
<v Speaker 2>It's one of the best things that we have in

1007
00:52:03.800 --> 00:52:07.599
<v Speaker 2>this existence is a good friend who is always there

1008
00:52:07.639 --> 00:52:11.519
<v Speaker 2>for you. I have them in my life. And they're

1009
00:52:11.840 --> 00:52:15.719
<v Speaker 2>invaluable to me. And that's who the Canadians are to Americans.

1010
00:52:15.840 --> 00:52:20.980
<v Speaker 2>And we have completely and totally torched that at the

1011
00:52:21.019 --> 00:52:26.840
<v Speaker 2>hands of a mad lunatic and fool. I want to

1012
00:52:26.860 --> 00:52:29.300
<v Speaker 2>thank Mark Elias for coming on the show today. I

1013
00:52:29.320 --> 00:52:31.989
<v Speaker 2>want to thank Justin Wolfers. Thank all of you for watching.

1014
00:52:32.570 --> 00:52:36.469
<v Speaker 2>Please support independent media. Check out our daily newsletter. If

1015
00:52:36.510 --> 00:52:38.949
<v Speaker 2>you support independent media, you can continue to bring stories

1016
00:52:39.010 --> 00:52:41.369
<v Speaker 2>like this. Be sure to like, subscribe. It all matters.

1017
00:52:42.239 --> 00:52:43.880
<v Speaker 2>If you like these takes, sometimes we put the takes

1018
00:52:43.940 --> 00:52:46.280
<v Speaker 2>out there as stuff you can pick up as well.

1019
00:52:46.659 --> 00:52:48.940
<v Speaker 2>Become a paid subscriber. Get immediate access to our brand

1020
00:52:48.980 --> 00:52:52.619
<v Speaker 2>new daily newsletter. It's on Substack and YouTube posts. Check

1021
00:52:52.639 --> 00:52:54.409
<v Speaker 2>it out if you can. We really appreciate it. And

1022
00:52:54.730 --> 00:52:57.170
<v Speaker 2>once again, thank you, Canada, for being our friends. And

1023
00:52:57.630 --> 00:52:59.869
<v Speaker 2>I just hope we can get you back. Still reporting

1024
00:52:59.889 --> 00:53:01.570
<v Speaker 2>from Washington, I'm Jim Acosta. I'll see you next time.
