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<v Speaker 1>Welcome, welcome, Rick Wilson.

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<v Speaker 2>Hello, Molly. I don't know about you, but it's still

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<v Speaker 2>like Ontario to me.

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<v Speaker 1>It will always be like Ontario to me. So Donald

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<v Speaker 1>Trump did something that is one of the things that

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<v Speaker 1>has worked really well for him historically, but seems to

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<v Speaker 1>not be working so well for him anymore, which is

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<v Speaker 1>when confronted with a wildly unpopular trade war that is

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<v Speaker 1>going to cost Americans more money when they're feeling the pinch,

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<v Speaker 1>he decided to to do a stupid stunt and rename

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<v Speaker 1>something Lake America. And it didn't work the way it

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<v Speaker 1>historically has for him.

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<v Speaker 2>It didn't work because none of it's working anymore. When

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<v Speaker 2>Donald Trump had net favorable approval ratings, 7, 8, 10

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<v Speaker 2>points back in the day, when he had net favorable

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<v Speaker 2>approval ratings on the economy in the teens and 20s,

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<v Speaker 2>he had a lot more power. But now... He has

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<v Speaker 2>approval ratings that are reaching historic lows for any president

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<v Speaker 2>in modern time. Nixon had 24% approval when he left

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<v Speaker 2>the Oval Office. Trump, in a poll I saw on Friday,

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<v Speaker 2>has a 29% approval rating. He is in the territory

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<v Speaker 2>of when Nixon ran from office because he was about

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<v Speaker 2>to get his ass thrown out. Right. When he was

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<v Speaker 2>net favorable on the economy, he had a lot more leeway.

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<v Speaker 2>But nobody buys that he's good on the economy anymore.

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<v Speaker 2>Nobody's accepting that theory anymore because they know it's not true.

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<v Speaker 2>And they know he's a failure on the American economy

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<v Speaker 2>at every level. And so trying to do the slamma jamma,

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<v Speaker 2>I'm going to do a card trick. I'm going to

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<v Speaker 2>draw in Sharpie on a map and make it make

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<v Speaker 2>everybody freak out about it. Now people just make fun

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<v Speaker 2>of him for it.

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<v Speaker 1>Yeah.

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<v Speaker 2>He used to be outrageous. Now people are just like, oh,

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<v Speaker 2>senile grandpa yells at cloud.

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<v Speaker 1>Yeah. Well, it's also, the thing is when you can,

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<v Speaker 1>when it seems like you are, when you, it seems

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<v Speaker 1>like your ideas are good or might work, you have leeway.

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<v Speaker 1>And even it's funny because like, if you look at 2020,

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<v Speaker 1>even in 2020 with COVID, people still thought his ideas

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<v Speaker 1>on the economy would work and make them richer. And

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<v Speaker 1>so what happened was, and in some ways COVID did

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<v Speaker 1>Trump was voted out during COVID, I think, because people

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<v Speaker 1>were whatever. But they still had faith in him that

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<v Speaker 1>he could do economic stuff. Now, why they had faith

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<v Speaker 1>in him, who even knows? I mean, an insane, objectively

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<v Speaker 1>insane thing. But when they put him back into office,

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<v Speaker 1>I mean, he was as popular as he had ever been.

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<v Speaker 1>Fast forward to less than two years later. Right.

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<v Speaker 2>And all the things that were a presumption about Trump

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<v Speaker 2>from the very beginning in 2015, that he was a dealmaker,

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<v Speaker 2>he was a negotiator, he was a businessman. He understood

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<v Speaker 2>the economy. Unlike those liberal Democrats, that's all gone. I mean,

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<v Speaker 2>Donald Trump is running a communist crime racket out of D.C.

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<v Speaker 2>and people now figured it out. He's wrecked the economy.

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<v Speaker 2>People figured it out. All the things he promises for

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<v Speaker 2>promised them for the last decade are a wreck. We're

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<v Speaker 2>losing our farms. We're losing small businesses. We're not gaining

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<v Speaker 2>manufacturing jobs. We're not gaining jobs, period, at this point.

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<v Speaker 2>They had revised the job figures from last quarter down 79,000.

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<v Speaker 2>It's madness, right? All of it is unspendable. Now you

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<v Speaker 2>can't just go, hey, hey, Trump just owned the libs.

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<v Speaker 2>It's okay that I got my house repossessed. I just

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<v Speaker 2>got the libs owned. That's not working for anybody.

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<v Speaker 1>The culture war stuff, the girls and boys sports, that stuff,

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<v Speaker 1>only works if everything is fine for you. If you

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<v Speaker 1>are not hurting financially, then you can worry about stuff

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<v Speaker 1>that you don't really care about, ultimately.

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<v Speaker 2>In polling, we call this a luxury issue, right? Right.

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<v Speaker 2>When your life is good, you can worry about things

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<v Speaker 2>that are more esoteric. Right. When the economy is strong,

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<v Speaker 2>It's then you're like, OK, well, my job is secure

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<v Speaker 2>and my taxes are going to go lower. And and

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<v Speaker 2>so now I'm going to get pissed off at imaginary

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<v Speaker 2>communism or imaginary Muslim terrorists or imaginary trans terrorists, whatever

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<v Speaker 2>it is.

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<v Speaker 1>Right.

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<v Speaker 2>But Antifa. Right. Antifa. But now it's become this very

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<v Speaker 2>desperate situation for about 150 million Americans who are feeling

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<v Speaker 2>a lot of economic uncertainty. And a lot of the

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<v Speaker 2>things that you're hearing and seeing out there, like all

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<v Speaker 2>the anxiety about data centers is a proxy for how

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<v Speaker 2>badly Trump has failed on the economy and how badly

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<v Speaker 2>they fear AI is going to be trained to take

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<v Speaker 2>their jobs and how uncertain they feel about gas and

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<v Speaker 2>food prices and, and, and health insurance and their economic

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<v Speaker 2>ability to keep their home and all these things. And

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<v Speaker 2>so the trickery Lake Ontario of a year ago might've

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<v Speaker 2>still had a, been a one week story and there

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<v Speaker 2>were then, ponderous op-eds and all the papers about it

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<v Speaker 2>and how terrible it was. And now it's just like, again,

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<v Speaker 2>crazy old man yells at cloud and people aren't buying

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<v Speaker 2>it in the way they used to buy it. And

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<v Speaker 2>I think that's a deadly problem for Trump in the fall.

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<v Speaker 2>I really do because he's going to make the campaign

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<v Speaker 2>about himself now.

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<v Speaker 1>Well, that is so the old tricks aren't working anymore

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<v Speaker 1>really is the net net of it. But so he

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<v Speaker 1>did this meeting and, at the end of last week,

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<v Speaker 1>where he met with a bunch of Republicans and he said,

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<v Speaker 1>and now MAGA Inc. is sitting on, what, $ 300, $ 400 million?

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<v Speaker 2>I'm trying to get their cash position, but it sounds

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<v Speaker 2>like about $ 450 is the number I got the other day.

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<v Speaker 1>So that's like a small country. And that's the GDP

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<v Speaker 1>of a small country. And he has not spent any

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<v Speaker 1>of it. And now he reveals to Republicans that the

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<v Speaker 1>way he's going to spend it is on ads tying

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<v Speaker 1>them to his legacy.

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<v Speaker 2>If you're a Republican in one of those swing seats

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<v Speaker 2>out there in the in.

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<v Speaker 1>Like in any one of the swing seats like Alabama.

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<v Speaker 2>Right. I mean, like the other day I had somebody

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<v Speaker 2>make a decent case for me that Mississippi could be

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<v Speaker 2>in play if the numbers keep tracking the way they're tracking.

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<v Speaker 2>which is insane on paper, right? Which is nuts on paper.

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<v Speaker 2>But Donald Trump is the one thing they can't afford

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<v Speaker 2>to have stuck on them right now. Because if they

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<v Speaker 2>have to, if Trump goes into, let's even just say,

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<v Speaker 2>let's say he goes into Iowa and says, you better

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<v Speaker 2>vote against Rob San and Josh Turek because I've done

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<v Speaker 2>so much good for Iowa farmers. And Iowa farmers are

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<v Speaker 2>going to be like, the hell are you talking about, chief? Yeah.

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<v Speaker 2>Because Trump making it about himself is for two reasons. One,

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<v Speaker 2>he's going to steal the money and take it out

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<v Speaker 2>of MAGA Inc. And like, pay. MAGA Inc. is run

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<v Speaker 2>by the Trump family already, as we know. So they're

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<v Speaker 2>going to skim as much off of that cream as

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<v Speaker 2>they can. But it's the idea you're going to go

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<v Speaker 2>make this about him and not about affordability is just

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<v Speaker 2>as if you're a Republican. I mean, you got to

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<v Speaker 2>be thinking about the witness protection program.

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<v Speaker 1>Well, I mean, I think that, look, the problem is

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<v Speaker 1>ultimately that Donald Trump has really, his whole thing was

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<v Speaker 1>that he was the president for the people who voted

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<v Speaker 1>for him and not for the people who didn't. So

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<v Speaker 1>you couldn't get disaster funding if you were in a

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<v Speaker 1>blue state. FEMA would get funded, but they would come

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<v Speaker 1>to your state if you were in a red state,

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<v Speaker 1>but not if you were in a blue state. Well,

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<v Speaker 1>here's the thing. All of Trump's economic policies have ultimately

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<v Speaker 1>hurt people in red states, right? Farmers and, you know, ranchers, ranchers, right?

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<v Speaker 1>The cattle ranchers. Now he's bringing in beef from other countries.

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<v Speaker 2>Like poison Argentinian beef, right?

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<v Speaker 1>At every point, the people who were supposed to benefit

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<v Speaker 1>are getting fucked.

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<v Speaker 2>Molly, he, his message for, for the 2024 campaign, both

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<v Speaker 2>to more affluent suburban women and, which is one of

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<v Speaker 2>their big target sets, was we're going to bring down

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<v Speaker 2>the price of groceries. We're going to make your kids

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<v Speaker 2>feel safer in school. You're going to have a better economy.

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<v Speaker 2>No more DEI.

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<v Speaker 1>You're not going to have to compete with people who

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<v Speaker 1>are maybe- And your kids won't.

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<v Speaker 2>Have to learn about civil rights or anything that you

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<v Speaker 2>don't like.

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<v Speaker 1>Right.

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<v Speaker 2>And then he was saying to white male voters, including

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<v Speaker 2>a lot of white male Democratic voters, to be honest

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<v Speaker 2>about it, he was saying, I saw like 40 plus,

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<v Speaker 2>He was saying to them, I'm going to lower the

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<v Speaker 2>price of diesel that you need to put in your truck.

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<v Speaker 2>I'm going to bring an economic boom, so you're going

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<v Speaker 2>to be building things and fixing things, and the working

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<v Speaker 2>class is going to benefit from what I'm going to

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<v Speaker 2>do to these bad guys, right? Well, it turns out

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<v Speaker 2>that the people who've been hit hardest on both the

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<v Speaker 2>economic calamity of tariffs, the economic calamity of the war,

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<v Speaker 2>the economic calamity of his insane corruption, like this beef thing,

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<v Speaker 2>he's got a deal. There's a deal under this beef thing.

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<v Speaker 2>I promise you we're going to find out what it is.

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<v Speaker 2>And those people are hit hardest. And it's like in

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<v Speaker 2>health care. Look how voters used ACA at a slightly

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<v Speaker 2>higher rate than you would expect, given their economic status

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<v Speaker 2>and given their locations in the country. They were using

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<v Speaker 2>ACA too. And now they're getting screwed because their health

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<v Speaker 2>insurance is now out of reach in many cases and

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<v Speaker 2>getting more out of reach. And Trump, of course, a

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<v Speaker 2>couple of weeks ago or about 10 days ago, maybe

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<v Speaker 2>he's like, we're going to have a great health care

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<v Speaker 2>plan any minute now, which I believe you may recall

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<v Speaker 2>we've been hearing about since 2016.

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<v Speaker 1>But also like the cuts to SNAP, like Those people

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<v Speaker 1>in the red states, they use the SNAP just as

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<v Speaker 1>much as the people.

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<v Speaker 2>In the blue states. People in red states depend on SNAP.

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<v Speaker 2>They depend on disability. They depend on Medicaid. They depend

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<v Speaker 2>on Social Security. And in fact, in many states, in

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<v Speaker 2>many very red states like West Virginia, Mississippi, Arkansas, Oklahoma, Nebraska,

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<v Speaker 2>they depend on those social benefit programs at a higher

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<v Speaker 2>rate than the people in the blue states. they hate,

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<v Speaker 2>which is mind-boggling.

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<v Speaker 1>One of the things that I was struck by when

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<v Speaker 1>we were talking about these NIH grants, We were talking

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<v Speaker 1>about the NIH cuts and it's such an interesting, Elon

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<v Speaker 1>Musk went in there and he cut all sorts of

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<v Speaker 1>government programs like USAID, which bought, what did USAID buy?

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<v Speaker 1>USAID do it, which was actually, it's a Republican program

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<v Speaker 1>and it was actually brilliant. You probably cooked up by

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<v Speaker 1>your old boss. Explain what they did.

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<v Speaker 2>Because I think it's- USAID bought corn, soybeans, flour- cooking oil,

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<v Speaker 2>a whole portfolio of agricultural products from American farmers.

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<v Speaker 1>In red states.

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<v Speaker 2>In red states. Okay, I have a great story for

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<v Speaker 2>you on this one, too. In red states, they sent

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<v Speaker 2>that food in bags that said, a gift from the

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<v Speaker 2>people of the United States.

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<v Speaker 1>Soft power.

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<v Speaker 2>Where they were starving or there were famines or there

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<v Speaker 2>were disasters. And it was like, oh, the Americans helped us.

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<v Speaker 2>Now those bags are written in Mandarin. Right. And the

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<v Speaker 2>Chinese are the ones taking credit for it. But a

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<v Speaker 2>great story about this. I recently met a guy about

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<v Speaker 2>a year ago. I met a guy who had been

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<v Speaker 2>a three-time Trump voter, was a Trump fanatic. And he

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<v Speaker 2>reached out through a cousin of mine. Long story short.

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<v Speaker 2>He's like, you know, you and I don't get along,

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<v Speaker 2>but I need to figure out how to save my

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<v Speaker 2>soybean operation because I'm going to go bankrupt because my

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<v Speaker 2>product was sold to UID. Yeah. Of my income, of

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<v Speaker 2>my farm's income of $ 4 million, $ 0. 7 million a year. Whoops.

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<v Speaker 2>So this guy.

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<v Speaker 1>Shouldn't have voted for Trump.

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<v Speaker 2>Absolutely. Voted for Trump three times.

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<v Speaker 1>I'm sure.

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<v Speaker 2>And look, honest to God, my temptation when I first

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<v Speaker 2>met him on email and texting with him was like,

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<v Speaker 2>I was really tempted to be a dick. I was

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<v Speaker 2>really tempted to be like, haha, fuck you. But then

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<v Speaker 2>I was like, talk to me. Do you want to

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<v Speaker 2>do some ads? Is it just because it hit you now?

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<v Speaker 2>Or is it bigger than that? And he's not an

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<v Speaker 2>unsophisticated person, right? He runs a big operation. He's like,

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<v Speaker 2>you know what? You get caught up in it and

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<v Speaker 2>then you don't want to back down from Trump. You

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<v Speaker 2>don't want to back off of being a Trump guy.

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<v Speaker 2>You don't want your friends to say, haha, you're a pussy.

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<v Speaker 2>But now... It's because it's not just costing me. It's

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<v Speaker 2>across the ag belt. It's across the soybean belt in

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<v Speaker 2>the southeast, particularly hard. I mean, really bad. And you

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<v Speaker 2>know what?

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<v Speaker 1>Yeah.

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<v Speaker 2>Those purchases from those farmers served a great national purpose.

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<v Speaker 2>It wasn't just that we were supporting farmers. It was

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<v Speaker 2>that we were out around the world showing that America

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<v Speaker 2>had goodness. And I asked him about that. I said,

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<v Speaker 2>did you ever think about what it meant? He goes,

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<v Speaker 2>oh no, I know where our product went. I know

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<v Speaker 2>what it was being used for. I know people who

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<v Speaker 2>got fed because of it. And it's just like, you

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<v Speaker 2>look at it and you're like, my God. The spiteful,

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<v Speaker 2>shitty Elon Musk, Doge, data Republican dipshit crew that are

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<v Speaker 2>out there looking through all the grants for a word

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<v Speaker 2>like climate or a word like race or a word

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<v Speaker 2>like diversity. So we've done that simultaneously. Fuck farmers, our

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<v Speaker 2>national reputation and people in other countries. It's triple.

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<v Speaker 1>But it's also like these were the guys who were

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<v Speaker 1>so smart that they didn't need, you know, they were

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<v Speaker 1>too smart. They were so smart that they didn't need

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<v Speaker 1>the government. They were so smart that they didn't need regulation.

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<v Speaker 1>They were so smart. They were too smart for the

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<v Speaker 1>rest of us. And they ended up electing really one

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<v Speaker 1>of the stupidest people who's ever been president again.

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<v Speaker 2>Oh, I don't know if he's one of the stupidest people.

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<v Speaker 2>I believe he may well be the stupidest president. And I,

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<v Speaker 2>you know, I know, I know my president's pretty well. And,

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<v Speaker 2>and I think Donald Trump is in fact the stupidest

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<v Speaker 2>person to ever hold that office by several, by several

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<v Speaker 2>different metrics.

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<v Speaker 1>One of the things that I'm struck by when we

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<v Speaker 1>talk about this is we have a, we have like

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<v Speaker 1>a moment here where Donald, Trump is the most powerful

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<v Speaker 1>president we've ever had.

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<v Speaker 2>Right.

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<v Speaker 1>Because the Supreme Court ruling, because of what he's done,

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<v Speaker 1>because of the Congress, the makeup of the Congress being

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<v Speaker 1>completely fucked for any number of reasons. We have the

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<v Speaker 1>most powerful president and the stupidest. I mean, like and,

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<v Speaker 1>you know, I've been reading. I just want to say

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<v Speaker 1>one other thing. I've been reading Maggie Haberman and Jonathan

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<v Speaker 1>Swan's book, Regime Change.

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<v Speaker 2>And it is you are amazing.

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<v Speaker 1>It's a horror movie. It's a horror... Like, you read

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<v Speaker 1>it and you can't... Like, it's so scary.

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<v Speaker 2>You can't believe that people in that process with him,

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<v Speaker 2>in the White House with him, don't snap. Don't lose

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<v Speaker 2>their minds and just say, fuck this, I'm out. I'm

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<v Speaker 2>going to go public. You can't... It's like the stupidity,

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<v Speaker 2>the corruption, the cult, all together are... We will we're

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<v Speaker 2>going to have a hard time unless we do some

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<v Speaker 2>real serious soul searching and and and and some serious

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<v Speaker 2>accountability after this. We have a hard time ever recovering

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<v Speaker 2>from this if we don't change direction as a country hard.

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<v Speaker 1>And this it is fucking wild. I mean, that is

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<v Speaker 1>it is just why. And that's what I would say

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<v Speaker 1>is it's just completely insane. Like insane. Yeah. Insane. Oh, yeah.

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<v Speaker 2>But at least we've got Lake America now.

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<v Speaker 1>Lake America. By the way, that's like the red meat

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<v Speaker 1>for the base, right? It's like they're eating the dogs. Racism, right?

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<v Speaker 1>They're eating dogs, right? And then we're going to rename stuff.

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<v Speaker 2>To own the libs.

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<v Speaker 1>To own the libs.

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<v Speaker 2>But you can't eat owning the libs.

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<v Speaker 1>But then there's one other thing that Donald Trump does,

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<v Speaker 1>which I'm going to read to you right now. Donald Trump,

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<v Speaker 1>it's a truce from this morning. And he said that

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<v Speaker 1>he would like Kristen Welker to have the I'm going

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<v Speaker 1>to read you the truth. Kristen Welker, the unpopular hostess,

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<v Speaker 1>it's in quotes of the once great meet the press

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<v Speaker 1>is now considered meet the fake press. I guess he

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<v Speaker 1>watched it and he's not happy. And again, this is

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<v Speaker 1>actually a little bit interesting. He's mad about the same

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<v Speaker 1>thing he was mad at Belmar for, which is her

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<v Speaker 1>saying that not all of his endorsements worked.

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<v Speaker 2>Right. The power of the Trump endorsement was unquestioned for

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<v Speaker 2>a long time in primary elections. Yeah. And now, even

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<v Speaker 2>in primary elections, the power of the Trump endorsement is

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<v Speaker 2>falling off. The one race they spent money in this year,

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<v Speaker 2>Darlene Graham, for the primaries- worked, but barely. I mean,

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<v Speaker 2>for Trump to have to go and spend several million

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<v Speaker 2>dollars to back Darlene Graham in South Carolina, a state

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<v Speaker 2>where he was beloved for three terms, one South Carolina

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<v Speaker 2>every time, the fact that he had to go and

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<v Speaker 2>work it there and she barely won the primary, it

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<v Speaker 2>is fading. The magic is going away. And as much

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<v Speaker 2>as people should never take their eye off the ball

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<v Speaker 2>that Trump is going to be dangerous, Trump is like

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<v Speaker 2>a snake, right? Once you shoot the snake, some snakes

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<v Speaker 2>will still be able to bite you. So he's dangerous,

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<v Speaker 2>even though he's a wounded animal.

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<v Speaker 1>He's also going to mess with the midterms.

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<v Speaker 2>Of course he is. Yeah, no, we should not, folks,

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<v Speaker 2>do not expect good outcomes when he is in the room.

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<v Speaker 2>He's going to keep fucking with everything.

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<v Speaker 1>Their vote will be counted. This is probably actually the

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<v Speaker 1>most important election of our lifetime.

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<v Speaker 2>Legitimately, folks, the most important election of our lifetime. Yeah.