Derek Thompson

The strategy that's being communicated here is that we have to raise tariffs on China and other countries in order to reshore manufacturing of goods that are critical to our national security. Elsa dolls are not critical to our national security. It's totally fine if they're cheap. And there's no part of the semiconductor manufacturing process that flows through the manufacturing of Elsa dolls.

The strategy that's being communicated here is that we have to raise tariffs on China and other countries in order to reshore manufacturing of goods that are critical to our national security. Elsa dolls are not critical to our national security. It's totally fine if they're cheap. And there's no part of the semiconductor manufacturing process that flows through the manufacturing of Elsa dolls.

The strategy that's being communicated here is that we have to raise tariffs on China and other countries in order to reshore manufacturing of goods that are critical to our national security. Elsa dolls are not critical to our national security. It's totally fine if they're cheap. And there's no part of the semiconductor manufacturing process that flows through the manufacturing of Elsa dolls.

It's totally orthogonal. You don't need to bring back advanced robotics and say, step one, we have to make sure that all the Elsa dolls are made in America. Completely different thing. And then the final thing is that this really truly does scale, I think, across all of Trump's policies.

It's totally orthogonal. You don't need to bring back advanced robotics and say, step one, we have to make sure that all the Elsa dolls are made in America. Completely different thing. And then the final thing is that this really truly does scale, I think, across all of Trump's policies.

It's totally orthogonal. You don't need to bring back advanced robotics and say, step one, we have to make sure that all the Elsa dolls are made in America. Completely different thing. And then the final thing is that this really truly does scale, I think, across all of Trump's policies.

That if you hear the stated reason for the policies, and then you look at the inputs, they have nothing to do with one another. Like one other quick nerdy example. A lot of Trump folks say they want to bring back nuclear power to America. We want to build some nukes. That's a manly thing to do. Creates a lot of energy. 1950s economy, let's bring back the nuclear power plants.

That if you hear the stated reason for the policies, and then you look at the inputs, they have nothing to do with one another. Like one other quick nerdy example. A lot of Trump folks say they want to bring back nuclear power to America. We want to build some nukes. That's a manly thing to do. Creates a lot of energy. 1950s economy, let's bring back the nuclear power plants.

That if you hear the stated reason for the policies, and then you look at the inputs, they have nothing to do with one another. Like one other quick nerdy example. A lot of Trump folks say they want to bring back nuclear power to America. We want to build some nukes. That's a manly thing to do. Creates a lot of energy. 1950s economy, let's bring back the nuclear power plants.

Hell yeah, I'm for that. I'm for that too. I would love to have more abundant, clean energy in this country. Sorry, we're not going to skip ahead to that bit. Yeah, you got it.

Hell yeah, I'm for that. I'm for that too. I would love to have more abundant, clean energy in this country. Sorry, we're not going to skip ahead to that bit. Yeah, you got it.

Hell yeah, I'm for that. I'm for that too. I would love to have more abundant, clean energy in this country. Sorry, we're not going to skip ahead to that bit. Yeah, you got it.

Yeah, we'll see if we can get a little tic-tac-toe here. What do you do? What do you do at the federal policy level if you want to build more nuclear power plants? Well, nuclear power is literally the most expensive thing you can build. I believe one person told me that the last nuclear power plant that America built cost 12 times more than the Burj Khalifa, the tallest building in the world.

Yeah, we'll see if we can get a little tic-tac-toe here. What do you do? What do you do at the federal policy level if you want to build more nuclear power plants? Well, nuclear power is literally the most expensive thing you can build. I believe one person told me that the last nuclear power plant that America built cost 12 times more than the Burj Khalifa, the tallest building in the world.

Yeah, we'll see if we can get a little tic-tac-toe here. What do you do? What do you do at the federal policy level if you want to build more nuclear power plants? Well, nuclear power is literally the most expensive thing you can build. I believe one person told me that the last nuclear power plant that America built cost 12 times more than the Burj Khalifa, the tallest building in the world.

You need billions and billions of dollars to build nuclear power, and the only game in town that is lending that kind of money over the time horizon that's needed to build is the Department of Energy Loan Programs Office, LPO. We're getting a little bit nerdy, but this is important. Okay, no, let's do it.

You need billions and billions of dollars to build nuclear power, and the only game in town that is lending that kind of money over the time horizon that's needed to build is the Department of Energy Loan Programs Office, LPO. We're getting a little bit nerdy, but this is important. Okay, no, let's do it.

You need billions and billions of dollars to build nuclear power, and the only game in town that is lending that kind of money over the time horizon that's needed to build is the Department of Energy Loan Programs Office, LPO. We're getting a little bit nerdy, but this is important. Okay, no, let's do it.

So if you wanted to build nuclear power in this country, the first thing you'd want to do is to supersize the LPO, make sure it was working at absolutely top-notch efficiency. What does Doge, the Trump administration, do? They dismissed 60% of the LPO team. So it's again, the same way that you've Donald Trump saying, we have to reassure advanced American manufacturing.

So if you wanted to build nuclear power in this country, the first thing you'd want to do is to supersize the LPO, make sure it was working at absolutely top-notch efficiency. What does Doge, the Trump administration, do? They dismissed 60% of the LPO team. So it's again, the same way that you've Donald Trump saying, we have to reassure advanced American manufacturing.