The episode reflects on America’s 250th birthday through a lens of political, economic, and social crisis. Recent Supreme Court decisions have significantly curtailed asylum access and temporary protected status, advancing a controversial immigration agenda that critics argue prioritizes xenophobia over humanitarian values. This shift coincides with a sharp decline in belief in the American Dream, as only 51% of Americans now think they can achieve upward mobility—down from decades past. Data reveals deep dissatisfaction: 29% of Americans feel satisfied with the country’s direction, while 69% report being dissatisfied, and two-thirds describe the nation as "failing," "divided," or "struggling." A growing wealth gap—where 20% of households control 87% of wealth—fuels economic inequality and erodes the middle class, a demographic essential to national stability. Political polarization is evident, with a 40-point gap in belief about the American Dream between Republicans and Democrats, driven by identity politics and tribalism. Younger generations show particular disillusionment with housing, jobs, and economic security. While figures like J.D. Vance use nostalgic rhetoric to deflect from corruption, analysts warn that such tactics only deepen public distrust. The episode concludes with a call for systemic reform—ending corporate influence in politics, breaking monopolies, and expanding social safety nets—emphasizing that without these changes, the U.S. risks losing its foundational promise of opportunity and unity. The long-term survival of the nation hinges not on ideology, but on restoring fairness, trust, and economic mobility for all.
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250th anniversary of America, Anthony Scaramucci.
And by the way, Caddy, I have lived 24.8% of America's life.
How about that?
Wow.
Sort of scary, actually, when you think about it.
That's a very good stat.
I haven't done the calculation in Scaramucci's,
but that just speaks about how young this country is.
If you're 60 years old in the country,
you've been here for 24% of the time.
That's amazing.
So what are you doing for the 4th of July, Anthony?
You know, I'm hanging at home.
You know, I think the-
No fireworks, no parade.
Well, I'm going to go to the fireworks.
But I mean, when I was, and I'm wearing the shirt from the last big movement.
This is the Bicentennial shirt.
I remember the Bicentennial.
That star was created.
You probably can't see it if you're not on YouTube.
That star was created as togetherness.
You see the interconnectivity of the star?
And I was 12 years old, Caddy, and my father had a 20-foot motorboat.
He was a big fisherman.
And he took us into New York Harbor,
and we got to watch what was called Operation Sail,
which were all the large ships that entered the harbor
in celebration of the 200th anniversary.
But there's no wind in anybody's sail here related to this right now.
And I think we should talk a little bit about that
because my kids are like,
NFW, I'm not going to a Trump rally on the birthday.
I'd rather go eat hot dogs in the backyard.
But go ahead, Caddy.
So on the 200th anniversary, I was in Jeddah, Saudi Arabia,
and I had my first ever hot dog at the American Embassy birthday party.
I thought it was fantastic.
Was that also your last ever hot dog?
It was your first ever?
It was pretty much my last ever,
but it was not my last ever Betty Crocker's Devil's Food Cake.
I thought any country that had food like that, I had to go and live there.
So that was a great celebration.
You know what?
I'm in Maine, hence the sweater,
and I will be going to the local 4th of July parade and the fireworks.
And you never know, Anthony Scaramucci,
I may be found with a hot dog in my hand on July the 4th.
But yes.
If you have a hot dog, I want to see a picture of it.
Okay, okay.
You'll get the picture.
Okay, Anthony, I want to discuss the huge wins
that Trump is having for his anti-immigration agenda.
And with Trump's approval ratings at record lows
and inequality in America on the rise,
I want to talk about if America is falling apart on its 250th birthday.
Let's dive in.
One person in the White House who is particularly happy,
who we have done a series about before,
is Mr. Stephen Miller.
We know that Miller has immigration at the top of his list
of things that he wants to change in America.
Well, he got two wins last week.
On June the 25th, the Supreme Court's conservative majority
handed President Trump two big victories around immigration policies.
They were both six to three decisions,
both authored by the conservative justice Samuel Alito.
And they clear the path for the administration
to remove something like a million people from the United States.
One of them, the decision is to end temporary protected status,
known as TPS, for hundreds of thousands of Haitians
and about 6,000 Syrians who are currently living in America legally
under this humanitarian program.
While their asylum claims go through,
they have this temporary protected status.
The Supreme Court has said that the administration can do away with that.
And then the second ruling decided that migrants arriving at the border of America
are not entitled to apply for asylum until they step foot on U.S. soil.
This will severely limit the number of people who come into America.
Applying for asylum could cut it right back down.
So the thinking is this is probably all in all about a million people
who could be deported.
And we do know that there are a lot of people who are going to be deported.
And we do know that in the past week or two,
deportation numbers much more quietly than we've seen around Minneapolis
and the ice crack down there.
But we do know that deportation numbers have been picking up.
So, Antony, this is what Stephen Miller wanted.
This is what he spent years campaigning for.
Suddenly, we saw him back on television after the Supreme Court ruling
saying that America is no longer open for asylum seekers anymore.
Basically, that America is no longer open for asylum seekers anymore.
America's doors are closed fully to asylum seekers,
was what he said on television.
So what do you make of these rulings?
Well, I mean, to me, because I read the decision
and I also read the dissent because I'm a little bit of a wonk
when it comes to this stuff from constitutional law.
It says that the court is in the pocket of the Republicans
and that the court is basically going to more or less do
what the administration wants to the extent that it can.
It couldn't.
It couldn't get there on the tax issue
because that's like the whole central thesis of the Constitution.
And so there was some originalist thinking around that.
And they said, okay, we can't break the entire Constitution,
but there's a lot of loose things that we can do
that's right up the alley of Stephen Miller.
But I want to ask you a social engineering question
because if you are Lee Kuan Yew and you say that America,
is going to always be okay because it's teeming with immigrants,
rich and poor can show up and some of the poor people are very smart.
They go on to create multi-billion dollar businesses
and lots of different colors of people show up,
lots of different sexual orientations and religions.
And this is really the backbone of the country.
And now we're being told, no, we're going to take a very xenophobic
and some would potentially say white supremacist stance.
How is that going to help the country?
And you tell me, you be the social engineer here
thinking about the future of America in its next 250 years
and tell me if this works for America.
And by the way, be fair, Katty, channel some Stephen Miller for us.
Give us some of the aging, well-dressed lollipop
and tell us what he's thinking and so forth.
Go ahead.
Well, so long as I'm well-dressed,
which we know that Mr. Miller is a fashionista.
Who's ever taking fashion advice from Stephen Miller?
Should be deported alongside all the other people
that Stephen Miller would like to deport.
But go ahead, Katty, go ahead.
I think that both Obama and even. more so Biden, landed America in this situation by having those scenes of people rushing across
the border and not appreciating that there were Americans who actually welcomed migrants into
their communities, saw the economic benefits of migrants, but at the same time wanted a secure
border. And somehow they weren't able to hold those two thoughts in their brains at the same
time, that dichotomy, and they didn't do enough. I don't know why. Was Joe Biden asleep at the
switch? Were his people around him just not informing him properly? But they lost control
of that story. And understandably, you had people right across this country, even very far away from
the Mexican border, who saw those scenes night after night after night on television and said
to themselves, we are losing.
We are losing control of our country. I mean, we should play the scenes on YouTube again, because
it's worth remembering them. They were shocking. You literally had streams of people coming across
the border. That is not the way to run a country, and it's not the way to make the case for
immigration. There is a case to be made for immigration, and it's a demographic case.
Do we want to become Japan? Do we want to become South Korea? Do we want to become Europe
with aging populations that we will have to support? Because that is
the way America is heading right now. For the first time since the 1930s, America is simultaneously
seeing low migration and near record low birth rates. Well, what does that do to your country?
It shrinks your country. It shrinks your tax base. It shrinks your worker pool. It adds to the burden
of young people who are trying to look after old people, who are the people that actually use up
your social services. The idea that it's these young migrants who are using up social services
is just a misnomer. They're actually contributing tax dollars into the system,
billions of dollars of tax dollars into the system. The easy way out of this, I mean,
this is what's absurd about what. There is a solution to this demographic problem that America
faces, but unfortunately, it's the same solution that Trump has spent decades denigrating.
And I think they've got themselves into a real pickle here. I mean, if you can't
out-policy demographics. If you can't out-policy demographics, what's actually being won here? Is it
just the optics of being in control? Are they actually slowing down the change
of an aging population? I don't think so. So, are they doing this. Is Stephen Miller doing
this purely to be able to say, we're stronger and tougher than the Biden administration,
and we've shut the borders and we're sending asylum speakers home? Or is this a race issue,
which is what many people on the left believe it is? I think this is a problem,
an economic problem for the country.
It's a race issue, of course, and I'll be the first one to tell you that.
Caddy, when this happens in the country, I always think of the Einstein letter.
And so, what is the Einstein letter for viewers and listeners? So, Einstein wrote a letter to
Franklin Roosevelt, and he said, okay, we think we know how to make the bomb, but we got to get
the hell out of Germany, and we want to come and help you make the bomb. So, we started the Manhattan
War. And if you watch The Man in the High Castle, which is sort of this alternative timeline where
the Nazis win and them and the Japanese take over the United States, and of course, they control
Europe and are killing all the people that they don't like, including people that just have birth
defects and other deformities. I think about that, and I think, oh my God, if we go in this direction,
is the next American president, if there's a big global crisis, going to get the Einstein
letter. And who's going to get that Einstein letter, if anybody, Caddy? And that's the thing
I always worry about. I want America to always be the place where Albert Einstein is willing
to write the letter to the generally open-minded, not perfect, but generally open-minded American
president who's thinking about these things the way America has long thought about them,
which is that the border, I get the fact that we have to have legal immigration,
but the border is generally open for people that want to come through legally.
So when this ruling came down, Anthony, I don't know if you saw it, I texted you that
little clip from Megyn Kelly, who's on the right, has her own show, pretty influential.
Here is what Megyn Kelly says, and I think the problem is that the rhetoric around these
rulings has gotten, I mean, it's almost uglier than the policy itself. And that shows you where
politics is heading. Here's what Megyn Kelly said. Go home, get out. We know our country is better
than yours. That's because we filled it with our work ethic, culture, and values. You being here
only dilutes it for us. Go back to fucking Haiti. I mean, you may believe that America
needs to get rid of people who are here on temporary protected status. You may be not
looking at the long-term demographics of the declining birth rate, but there's no,
there's no room for empathy for people who may be going back to a country that is incredibly
violent. And by the way, the people who are employing Haitians in the town of Springfield,
where there was the famous, awful story about they're eating the dogs and they're eating the
cats, are saying, we want more Haitians. They work harder. They don't do drugs. There was a,
there was the manager of a factory who was being interviewed saying they don't work,
do drugs. They turn up on time and they work harder than native born Americans. Please
give us more of these people. What, why is she doing that? Why is she doing that?
Well, I mean, she's doing that because her audience likes that. That's like red meat
for her audience. She's doing that because a lot of these right wing, uh, pundits,
they gravitate these people that feel this level of nativism and feel this level of tribalism.
And so it's almost like, uh, she's feeding them a high octane candy or
cocaine. They, they love it. And so if she's saying that to them, then they pass that on to
their friend and say, yeah, go Megan. And, uh, but you know, I think she hurts herself. She's,
she's, you know, I've, I'd know her. I've been on her show when she was on Fox news. I don't,
yeah, I don't think she's even totally believes any of that, you know? And I, and I've caught
some of these guys where, you know, I'm having a beer with them or something like that. You don't
really effing believe that, do you? Oh no, no. I, I say that for the audience,
you know, I don't ever want to be that person, Katty, you know?
The trouble is in our world that we live in, when you say it for the audience,
you start driving things, right? You whip people up. And that's why it's good to hear.
I mean, there are Republicans, you've got your friend, Congressman Mike Lawler, who we both know,
who warned that the ending the temporary protector status could create a real crisis in the country.
You've had the Republican governor of Ohio, Mike Devine saying that the policy, the ruling is a,
um, mistake and that,
actually you need these people in the country. So you have got some Republicans saying, look,
we need migrants in this country. We've got a declining birth rate. My question for the Democrats,
Antony, and for you would be, does this give Democrats a chance to, to actually move this
debate onto the economic territory and win some ground on it? Could Democrats make something out
of this? Not as a kind of necessarily as a cultural issue, but as an economic one,
not a culture war one. They won't do it. You know,
somebody, somebody said to me in, in the UK last week, I did somebody's podcast and they said, well,
who runs the democratic party? I said, well, I know who runs the democratic party. Oh, if you do,
okay. Who is it? They said, Donald J. Trump runs a democratic party. That's who runs the party
because he is a cue ball and he's at the one side of the billiard table and he smashes into them
and they go in 15 different directions as a result of his behavior.
Which, which they were smarter. They'd get together and they say, okay, Gavin, we don't like
you, but we're going to hold our nose. We're going to support you. Or who is the one person in this
party? Let's all be honest with each other. You know, there's a divide going on caddy between the
left and the hard left. And then there's a group that, Hey man, we didn't get the communist
communism pure enough in San Francisco. Let's make it more pure guys, knock it off. Country's not
ready for any of that.
I mean, you know, there's, there's a lot of, there's a lot of, there's a lot of, there's a lot
of, there's a lot of, there's a lot of, there's a lot of, there's a lot of, there's a lot of people
who are trying to do it culturally, get together, subordinate your personal interest to one
attractive candidate, but they won't do that. You know, and, and Trump, Trump runs them. He runs
them. Okay. You know how Putin runs Trump? Well, Trump runs the Democrats and that's the irony
there. I wish they would stop doing that, you know, because we, we need a fortified opposition
and a coordinated opposition to Donald Trump. And he has them very uncoordinated,
right? Okay. Some breaking news, just as we go on the Supreme court, because they have declined.
He's won on immigration, but he has lost on the sexual harassment case, abuse case from
Eugene Carroll. You remember, we spoke about Eugene Carroll a lot. Donald Trump was found
guilty of sexually abusing her and the Supreme court. Donald Trump went to the Supreme court
and said, overturn the case for me and the Supreme court without any reasoning and no public notices
no public dissents has declined the president's request to have that case reviewed. So he owes
Eugene Carroll.
Carol, $5 million. So you win some, you lose some, Donald Trump.
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Welcome back to The Rest Is Politics US.
Happy birthday, America, Anthony. I think we should start with what the polling shows
us about not just Donald Trump, because the polls on Trump are terrible, but I found a
poll that also talked about the American dream more broadly. And as income inequality has
grown in America, people's belief in the prospects for American dream has also grown. I mean,
basically, this idea that America was a country of potential and prosperity, and if you worked
hard and played by the rules, you could get ahead and you could have a life that was better
than your parents, as you have done, and your grandparents, that notion kind of peaked in
the 1950s and 60s, which is also when people believed in government. And it's sort of been
declining ever since, but it really dropped off the cliff in 2008. And today, only 51% of American
adults think there is an American dream for them. And I think that's a very sad way for America to
be celebrating its 250th birthday, because in a way, that was the whole point of the country,
right? That if you came here, and you worked hard, and you played by the rules, and you believed in
the Constitution, you could progress from wherever you started. And it was not like Europe, it was
not like Britain, where you were stuck in a kind of rigid class bound structure that didn't exist.
And yet today, we have a system in America,
where there is more social mobility in the UK than there is in the US. And
where does that leave this young country that you were talking about?
Well, I mean, I'm bummed out because the sentiment is something that you feel locally, too. Why are
you laughing? I was expecting a sort of, you know, a kind of moment of great eloquence, and I got
the perfect Long Island answer. Yeah, I'm bummed out. How could you not be bummed out?
The perfect Scaramucci eloquence. You know, I wanted to take my kids, like my father,
did to go see the sailboats that are going to be in the harbor. They're like, no way,
we don't have no interest in that. Because it has become, this celebration
has become Trump's celebration, right? He's made it, he made it a campaign rally,
okay? And he made it a celebration about me, the person, as opposed to we, the people. You see,
I don't understand, you know, a great leader would be like, hey, we got to get everybody
together. And whether you like me or dislike me, we're unified. The first name of the country is,
united. It's not the dis-United States of America, you know. But, Katty, the numbers that you gave,
I want to give a few more numbers, and I want you to react to them. 29%, this is from the Pew
Research Poll, so, you know, the cross steps. 29% of the US adults say that they are satisfied with
how the country's going, okay? 69% say that they're unsatisfied. 2% don't care. 19% of the
would be pleased by the way the US has turned out. 77% say disappointed. But the one that gets me
is from Fox. This is a Fox News poll, and it's really not a poll as much as it is word association.
Describe the United States today. Two-thirds of the people polled decided to go with a negative
word. Ready? Failing. Divided. Struggling.
Corrupt. My God, Katty. Okay, so, to me, I'm bummed out about that. Yeah, that isn't a Long
Island expression. But then, you know, last but not least, when people are asked, well, okay,
you're bummed out, but would you want to leave? Two-thirds of the American voters describe the
United States in negative terms, but 81% say they still want to live here. So, you know,
I'm in that camp. I want to fix it, Katty. But why such malaise on what should be a celebration,
and by the way, this is the longest lasting government, as everybody knows in the world.
You know, this is the one that's stood the test of two and a half centuries.
I mean, first of all, shout out to Pew Research. If you ever want to really understand what's
happening in America, Pew just are the best. And on big moments, they do these big demographic
studies of the country and how the country is feeling and how the country is doing.
And they're always objective. They're totally nonpartisan. And it's a very good way to try and
get a kind of read on the country. And I thought those numbers, I looked at the Pew's sort of 250th
take on America too, and I found it equally depressing. The shrinking middle class story
is very real. And in a way, it's not really the story of the shrinking middle class. It's a story
of a growing working class and a growing upper class in terms of income. And it doesn't feel
particularly like America. I think we have actually seen record numbers of people leaving the country
of course, they are the people that can afford to go and live in Portugal or go and live in Spain
or wherever it is. But a lot of people still feel patriotic. I think a lot of Americans think
this too shall pass. And this period of Trump and corruption and this kind of presidency that
we spoke about last week that Jonathan Swan and Maggie Haberman described so well as this
incredibly powerful presidency that doesn't look like the kind of presidency
that the founding fathers had in mind with this huge power grab and money grab for people around
him, that that will pass. But I think actually what interests me more about the state of the
country, America has a real demographic problem. It has this middle class that is shrinking.
And you've written a whole book about this that we will talk about later. But I think that is
where the malaise comes from. That's where when you ask people, are you satisfied only
29 percent, only 19 percent say the founding fathers, signers of the constitution would be
satisfied with the way, would be happy with the way the country has developed. I think it's that,
isn't it, America, Anthony? It's this, where has the middle class of this country gone? Where can
they find their home? And we see no signs of that reversing. I don't see how that reverses itself.
That is the number that needs to grow in America, not decline.
20 percent control 87 percent of the wealth. Does that sound right? I mean, and by the way,
I'm all about capitalism and I'm all about unlimited upside for people. I believe in
unequal outcomes, Katty. I'm all about that. You want to work 10 times harder than somebody else,
you can earn 10 times more, but that's not really what's going on now. There's a circle,
there's a feedback loop between the very rich and the federal government,
and Citizens United campaign contributions plowing into the country's elected officials.
officials and then they're doing the bidding of the people they're giving them tax cuts they've
got corporate welfare you know when gavin which i think was the stupidest thing he's done so far
gavin newsom says he wants a national wealth tax okay very stupid will likely not get the nomination
because of that and if they run on that they will 100 lose to the republican candidate because
people don't want that but i understand why he's saying it why why do you think he is saying
antony that's interesting you understand why is he saying it to catch up with the move of the
of the democratic party or is he saying it for kind of practical reasons we can't have a national
a state wealth tax in california but not in texas and florida because we're going to lose our rich
people to those states those are two reasons why he's saying it but the mega reason is a social
engineering reason he's looking around saying oh my god the system's gotten wildly unfair
i got to send a message to people that the way we're going to make the system
fail is we're going to have to make the system fail and we're going to have to make the system
fair is to take a layer of wealth away from all these people okay but that's not the right way to
do it okay teddy roosevelt wouldn't have done it that way you know you you you break up the trust
you defeat the monopolies you splinter these special interest groups how about unplugging
the money from the system via citizens united okay there's so many different ways you could do this
you know by doing it that way you're telling people that the government's going to be in the
confiscation business and by the way i'm going to tell you something about how americans think so
give me 30 seconds i've made my money okay but i have to pay 50 tax maybe that's not a high tax
in europe but that's americans think it's a high tax now i'm going to go to the store i'm going to
buy something for myself well there's an extra 10 that you have to pay in sales taxes okay no
problem and then i own a house but my annual property taxes are quite high and i can go
through all the different layers of taxes in the country
it turns out if you make a dollar you're able to keep about 34 cents of the dollar
and so let's say that i'm the ant and i'm not the grasshopper and i say okay i'm going to take this
money i'm going to save it for my family and now why are you laughing cat because i'm trying i'm
just quickly trying to get into the ant and the grasshopper i'm like i had to do i had to do a
little bit of a fable turn there yeah the ant is out there working away saving food for his family
the grasshoppers playing all summer long and the ant is
yeah and then the grasshopper is knocking on the door and saying hey man i'm starving out here
you know he's looking at him going look you were partying the whole summer i mean you're making the
making the video in my family man i've been the ant but i fed every grasshopper that's a whole
other topic i mean i know you are totally the ant this this could be the rest is therapy okay
i'm going to teach you how to be a little bit more of a grasshopper you know a little bit more
european actually take a little bit anyway the ant and the grasshoppers are always knocking on
the door but why am i not a grasshopper i'm a grasshopper i'm a grasshopper i'm a grasshopper
still working but but just hear me out for a second you got the guy makes the money the woman
makes the money and now the government's saying well you know you're a saver you're a very good
investor now we're going to take the money from you you know and they start out with saying well
we're only going to do it to the billionaires okay but then it's creeping right it's like the
peer-to-tear tax we're only going to do it for the five million you know the second home of the five
million then it's going to creep down or inflation is going to push those smaller homes up you see
the americans don't like it stupid and it's going to cost them the election there is a huge debate
going on clearly that we have spoken about on the program in the democratic party and i have always
maintained that america does not have a socialist bent as joe scarborough said but i actually think
maybe we're seeing a shift and we are seeing younger americans look in those same polls only
22 percent of people under 30 believe that the american dream still holds for them there is this
big debate going on in the program in the democratic party and i have always maintained that
there is this big generational shift happening of disappointment in the country around all of the
things that we've spoken about housing being too high jobs not being available insecurity about
ai and they are saying the democrats have not delivered that system of playing by the rules
even if you tax people at 50 it hasn't delivered for me and i think you're seeing that backlash
happen around the country it's going to be very interesting to see how it plays out and see
actually whether america is and particularly younger america
americans are having a moment where socialism or something that looks more like socialism even if
it's hard to define is gonna you know make an appearance in this country having not done so for
250 years yeah i think it's just dangerous and i think i think they they fix these things before
go look at what the two roosevelts did you can create a bedrock of the middle class and some
safety nets you can break up some of the trusts you can tell people hey i'm sorry you can't have
two and a half percent of the gdp of the country as your net worth okay because you know we know
that that forces out competition the reason why the medicis adopted monopoly laws and even
the government of england adopted monopoly laws is because what monopolies do is they control price
and then they reduce competition and then they sit on top of innovation caddy when at&t was broken up
in the mid 80s by judge harold green with the support of ronald reagan it was the largest
monopoly in the history of the country they were sitting on the great irony is that they were
sitting on all the technology that led to these big mag seven companies like netflix and facebook
and all this internet interactivity they were sitting on the stuff they didn't want it because
they were charging people four dollars a minute for long distance phone calls why did they need
to do any of that and so they were sitting on the technology that led to these big mag seven companies
and so and so we're doing that again right now and these guys are paying the government
to keep them from getting broken up it's it's it's it's just stupid and so and and doing it the way
gavin wants to do it is going to just piss off the average american it's not it's not gonna people
gonna look around say wait a minute i i want i want i want unlimited upside in this country
my grandmother got here my grandfather got here willing to work with uncapped upside gavin knock
it off i was thinking of you last week i was thinking of you last week i was thinking of you
as i often do and i was having a conversation with john meacham the famous presidential historian
and he said this very interesting line and he said that no republic has survived in history
without a middle class and i think when we look at that pew data about the shrinking middle class
in america and the levels of dissatisfaction what meacham is saying isn't just a soundbite
but it's actually the stakes it's the stakes of all of that pew data
that this is going to be a real problem for america so my my question for you is if meacham
is right is this a structural warning for the country going forward is this experiment that
america has done for 250 years survivable can it defeat can it beat the odds of what meacham is
saying has been true of history because i don't see this middle class i don't see how this middle
class grows with politicians acting the way they are at the moment on either side it's such a great
question and obviously none of us know the answer but we did survive a revolution we did survive a
civil war we survived a great depression and two global wars uh ancillary we survived watergate
and the tension around departing a president uh vietnam we've survived political assassinations
uh we survived 9-11 several financial crises 1907 1929 2000
2008 so yes i think we can survive the question is what do you want to do for the people because
when you interview the cartel and let me tell you who the cartel is those those are that's a duopoly
it's not a monopoly see a duopoly doesn't want to break up the monopolies but the duopoly are
the republicans and the democrats they're the demo publicans they're the republic crats it is a ruling
class in the society
that is generally indifferent to the plight of the average american they'll pay lip service to it
but they offer no policy solutions so so to me i believe and maybe i'm wrong in believing this but
i'll tell you what i believe i believe there's gonna be a younger crop of politicians that come
in that are more data dependent that are less ideological than the aocs or the mondanis or the
even the jd vances and they're going to say guys this is what could
work for everybody all right this is the system that could work we've got to end citizen united
you got to knock off the gerrymandering or at least limit it make it more structured and codified
you got to stop an american president from taking 20 billion dollars uh which is a conflict of
interest a gross conflict of interest you got to create a more independent department of justice
so it doesn't become the law for the family law firm of whoever the next american president is
and if you do these things the people will think that the system is actually fairer and more merit
based and then caddy you got to give the working poor earned income tax credits so that they have
enough disposable income without the additional burden of taxation so those are things you could
do that could fix the country now meachum's right if you just stay on this course forget about it
we're like thelma and louise we're going to run right over the cliff
Great scene, by the way. I have questions about where those politicians are because I'm not here.
I think we may be a cycle or two away from that, because I think the Democrats are going to go through a cycle of nominating candidates who are on the left of the political spectrum. And it's not even just that they're on the left of the spectrum. They are in a kind of blow the house up. We've tried everything else. We're going to just burn it all down. Mixing my metaphors there, but we're going to burn it all down. And they're in a kind of anarchic mood.
I'm up here in Maine. There are platinum signs everywhere. And I've been going through working class neighborhoods. I have been going through more affluent neighborhoods. And he is a blow it up guy. He's not necessarily an economics policy wonk guy. I haven't really heard much in the way of economics policy wonkery from him.
So I think they're a little way away from that. But I also think there's something else that is happening here, because I actually look at those Pew numbers and went over them like you did.
And particularly the numbers on the on the American dream. They're not really about economics. They're about tribalism. People are looking at exactly the same sets of data and taking very different conclusions.
So you've actually got 57 percent of Republicans believing the dream holds true, but only 17 percent of Democrats. That's a 40 point gap based on the same facts. And I think it's that kind of us and them ism.
You know, maybe Republicans are thinking, well, the American dream is alive because it's still.
Happening for me. And Democrats are thinking it's dead because it's stopped happening for migrants and poor people and people of color.
And they've gone to identity politics. But I think that division in the country around you're either on my team or you're on their team.
And my team is not necessary. It's about fighting the other team rather than proposing solutions that will make you the country better.
And I think that's.
That and the algorithms. When people go back to history and they did this around the time of the killing of Charlie Kirk, the thing I would point to that's different, and I'm holding up my phone here, guys, is this.
And I don't know that we are strong enough to beat those algorithms that have a vested interest in dividing us. And you're seeing those divisions in almost every statistic in America that reflects how people feel about the country.
I'm going to take the over. I think you're right. And I think that in the average scenario, in the average country.
That's the trajectory. But I'm going to take the over because I've seen this happen. And I've seen this happen in American history. I've also seen it happen in companies.
I'll give you an example. My company should have been dead four times, Skybridge, due to various calamities. And what we did was we innovated, or we switched plans, or we built a conference business, or we moved into some other area of the Wall Street product line.
Right.
Right.
And I think that we are, and again, I could be wrong, I think we are at a crisis moment where there's some very, very smart people getting together saying, whoa, we can't let this happen. And there are even billionaires saying, wait a minute, maybe Henry Ford was right. Maybe I got to pay these people more. And maybe I got to elect some politicians that are market-based politicians. They're going to allow me to keep what I've made, but they're going to come up with solutions to help other people feel better about themselves.
Because this Mondani,
let's wreck it. Let's take a wrecking ball into it, smash it. It never ends well.
You were very up on Mondani the other day, Anthony. What happened?
understands something that other politicians should listen to. He understands the politics
of joy. He's using joy as a political currency. And so he's creating a lot of popularity. It's
the policies that thankfully so far he's been restrained on, okay, are the things that I'm
happy about. Because let me tell you something, Caddy, if he invokes those policies in the city,
he'll finish the city. Now, he just put his rent stabilization board winning for an increase of
zero. Okay. But let me ask you a question. What about the property taxes, guys? Are the property
taxes not going to get increased? Also going to be zero. Yeah. Oh, no, they're not going to be
zero. Okay. So now what's the landlord going to do? So landlord's going to save money on the boiler.
He's going to let the paint chip in the apartment. He's going to skip a trash
purchase. He's going to let
It's not market-based.
What you're talking about, okay, well, the landlord's rich.
He owns the building, so let's let the building guy pay.
That's not how it works because you have to deal with the animals.
What did Keynes say?
You have to deal with the animal spirits of the human being, and you got to get the policies so that they're conjoined with those.
But they can restrain those, but they can't destroy those.
And so, yeah, Mondani, to me, is a brilliant politician.
I just wish he had more common sense policies that I know would work for the working class.
Again, study Teddy Roosevelt.
Study Franklin Roosevelt.
These guys got it.
Even Reagan caddy, okay, even Reagan, who is supposedly Mr. Right Wing, in 1982, he put through two tax increases.
Yeah.
And he put a commission together with Alan Greenspan.
To stop the bleeding out of Social Security.
Remember the Social Security Commission?
I have to ask you about another politician who has mastered the art of joy.
Your favorite vice president, J.D. Vance, who is out there.
He looks joyous, Steve.
It was a little birthday gift for everybody.
He's out rehabilitating Nixon's image.
He was at the Nixon Library this week.
And he said that Nixon's legacy is enjoying a bit of a renaissance.
There is actually some truth in that.
You've got foreign policy experts who look at the way Nixon handled China, for example.
And actually, some conservatives are saying, well, at least Nixon was a real conservative around policies, unlike what we have in the White House at the moment.
But then he went on to say that if Watergate had happened, it would be a nothing burger, a 12-hour news story.
And he has drawn the parallel between himself, calling the deep state takedown of Nixon.
Not all that different from what he said has happened to Donald Trump.
Why is the vice president out there pre-shrinking Watergate at the moment?
And I think that's what he's doing.
I think he's trying to make Trump's scandals look smaller by comparison.
Is he kind of, you know, just talking to an audience of one and trying to tell Donald Trump, don't worry, corruption doesn't matter?
What's going on here?
Is this a kind of Nixon rehab strategy?
Is it confidence or is it not confidence?
Okay.
Such a great question, but I'm going to give you a personal story here.
Okay.
So I'm going to take you back to the Trump campaign and Trump talking about Nixon.
So now we're flying around and Trump would be saying, I like Richard Nixon.
You know, Roger Stone liked Richard Nixon, but Richard Nixon was a fall guy.
Richard Nixon wasn't tough enough.
Richard Nixon needed to ride out the storm and he needed to threaten all those senators that were threatening him.
And he needed to.
And he needed to browbeat these people into submission and to stay in office no matter what.
And so Trump has said that, and that is right in the vein of, you know, where's my Roy Cohn, Caddy K?
If you go to people that have worked for Donald Trump and they have spent at least two hours with him, they have listened to one stream of consciousness monologue about Richard Nixon.
That what he did wasn't that big of a deal.
So when I hear Vance saying it.
I'm like, oh, he's just channeling that stream of consciousness monologue that Trump has been spouting for the last 25 years.
But there's something else going on with Vance that I think is also important.
He went into certain territory and faced the music.
Okay.
So he went on the Bill Maher show.
I watched the nine minute interview and people can dislike me for this.
I thought he did well in the interview.
I don't like Vance.
I don't want him to become the president.
But he went.
On the interview, AOC invited on Bill Maher, won't go on.
Kamala Harris invited on Bill Maher, won't go on.
I can name a lot of liberal politicians, won't go on.
Okay.
But he went on and he was getting blistered by Bill Maher and he faced the music.
And so, you know, don't underestimate that.
Okay.
Trump did that.
Trump, you know, he doesn't do it anymore.
But he used to.
He was good.
Yeah.
He was showing off.
He went everywhere.
Exactly.
So.
Went everywhere.
So to me, another big message, and this is something we couldn't get Vice President Harris
to do, go face the music.
She went on Fox News once.
She should have went on Fox News 30 times, once every day for the last 30 days of the
campaign, but she wouldn't do it.
And by the way, when you do that, you soften people up, Caddy.
You know, they, you open the minds of independents, you know.
I mean, I don't know that going for a Republican vice president to go to the Nixon library is
not quite the same as going.
I mean, you know, I don't know that going for a Republican vice president to go to the
Nixon library is not quite the same as going to the Nixon library.
investigations into corruption around the Trump family and around the Trump White House. Trump
can survive a corruption story. I mean, he'll pardon himself anyway, and he'll pardon J.D.
Vance anyway. But I think the question is whether Vance can survive being the guy who says corruption
doesn't matter, which is what he went and said effectively. The message he was making in the
Nixon Library was Watergate, no big deal, 24-hour news story, guys, corruption doesn't really matter.
Well, ask Victor Orban how that worked out, because actually quite a lot of voters, I suspect,
particularly if we have a post-Midterm two years with lots of these investigations
and everything that we have been talking about, about the middle class in America, people might
start to think that corruption does matter. And I think J.D. Vance went and said all of that at
the Nixon Library because he realizes if he's going to run, he's going to have to somehow find
a way to answer the corruption stuff. Listen, I think you're making really good points. I just see this
guy in a huge identity crisis. Adam read both of his books and listened to his interviews. He wants
to be a good guy, but his ambition is overwhelming his ability to be a good guy. You see what I mean?
And that makes him, to me, very dangerous.
That's why we're going to do a series on him, guys, for our founding members. You can listen to that.
It's coming out in a few weeks' time. We will be back for our founding members later on in the week
with our questions and answers. We'll see you then.
We're going to be talking about voting rights and what the administration in particular is
trying to do to suppress voting rights ahead of the midterm elections. You can listen to that
by becoming a founding member. Join us at therestofspoliticsus.com. But for now,
happy birthday, America.
We'll see you guys later on in the week.
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Podcast Summary
Key Points:
The Supreme Court’s recent rulings have weakened asylum access and ended Temporary Protected Status for Haitians and Syrians, enabling mass deportations and closing America’s doors to asylum seekers.
These policies, driven by Stephen Miller’s immigration agenda, reflect a shift toward xenophobia and nativism, raising concerns about long-term economic and social consequences for a country facing declining birth rates and migration.
Despite public dissatisfaction—with 29% of Americans satisfied with the country’s direction and 69% unsatisfied—81% still want to remain in the U.S., indicating deep-seated patriotism amid growing economic and political malaise.
A shrinking middle class, rising wealth inequality (20% controlling 87% of wealth), and a loss of belief in the American Dream signal a structural crisis in American society and economy.
Political polarization, tribalism, and algorithm-driven division are undermining national unity, with stark differences in belief about the American Dream between Republicans (57%) and Democrats (17%).
Younger Americans increasingly reject the traditional American dream due to housing costs, job insecurity, and AI-related fears, signaling a generational shift toward more progressive or socialist-leaning policies.
Politicians like J.D. Vance are using nostalgia for Nixon and joy-driven rhetoric to deflect from corruption scandals, suggesting a strategic effort to normalize political misconduct and deflect accountability.
Solutions to America’s crises—such as ending Citizens United, reforming gerrymandering, expanding earned income tax credits, and breaking monopolies—are proposed as necessary to restore trust and economic fairness.
Summary:
The episode reflects on America’s 250th birthday through a lens of political, economic, and social crisis. Recent Supreme Court decisions have significantly curtailed asylum access and temporary protected status, advancing a controversial immigration agenda that critics argue prioritizes xenophobia over humanitarian values. This shift coincides with a sharp decline in belief in the American Dream, as only 51% of Americans now think they can achieve upward mobility—down from decades past.
" A growing wealth gap—where 20% of households control 87% of wealth—fuels economic inequality and erodes the middle class, a demographic essential to national stability. Political polarization is evident, with a 40-point gap in belief about the American Dream between Republicans and Democrats, driven by identity politics and tribalism. Younger generations show particular disillusionment with housing, jobs, and economic security.
D. Vance use nostalgic rhetoric to deflect from corruption, analysts warn that such tactics only deepen public distrust. S.
risks losing its foundational promise of opportunity and unity. The long-term survival of the nation hinges not on ideology, but on restoring fairness, trust, and economic mobility for all.
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The Supreme Court ruled to end Temporary Protected Status for Haitians and Syrians and to restrict asylum applications until migrants step foot on U.S. soil, potentially leading to the deportation of over a million people.
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