Leah Litman
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Podcast Appearances
Of course, he wrote a thousand things before the election trying to rationalize terrorists. But, you know, whatever his queered quote was about how the tariff gun always stays in the drawer. So he is trying to work around the insanity and ignorance of his boss and other people.
Yes. I mean, he's going to end up working somewhere with Gary Cohn one day. And the rest of these people, they view their job as to do what Trump wants, regardless of how stupid that is.
Yes. I mean, he's going to end up working somewhere with Gary Cohn one day. And the rest of these people, they view their job as to do what Trump wants, regardless of how stupid that is.
Yeah. I mean, the Chinese are suffering economically from the tariffs. There are projections that 60 million Chinese will lose their jobs. The forecasts on economic growth are being revised down. We buy their stuff more than anyone else in the world if they can't sell it to us. Those ships – those empty ships are bad for them.
Yeah. I mean, the Chinese are suffering economically from the tariffs. There are projections that 60 million Chinese will lose their jobs. The forecasts on economic growth are being revised down. We buy their stuff more than anyone else in the world if they can't sell it to us. Those ships – those empty ships are bad for them.
But the problem with the trade war with China is they face no political pressure. She's not sitting around checking Dave Wasserman's Twitter feed to see how things are looking in the 2026 midterms. And he doesn't have to worry about Congress. He can just, as they are doing, just enact a stimulus plan to offset the economic damage, the short-term economic damage of the tariffs. So
But the problem with the trade war with China is they face no political pressure. She's not sitting around checking Dave Wasserman's Twitter feed to see how things are looking in the 2026 midterms. And he doesn't have to worry about Congress. He can just, as they are doing, just enact a stimulus plan to offset the economic damage, the short-term economic damage of the tariffs. So
Trump will face political pressure in this country and adverse effects that she will never face, even if their economy ends up suffering more in the short term than ours does.
Trump will face political pressure in this country and adverse effects that she will never face, even if their economy ends up suffering more in the short term than ours does.
That's the thing about Chief throwing the...
That's the thing about Chief throwing the...
If you were to take these people at their word, and you probably shouldn't, frankly, most of them are liars and have no understanding at all of how governmental fiscal policy works. But if you took them at their word, if you just did that as a thought exercise, nothing can pass. Because you have a group of people who say they will not pass a bill that cuts Medicaid above a certain level.
If you were to take these people at their word, and you probably shouldn't, frankly, most of them are liars and have no understanding at all of how governmental fiscal policy works. But if you took them at their word, if you just did that as a thought exercise, nothing can pass. Because you have a group of people who say they will not pass a bill that cuts Medicaid above a certain level.
You have a different group of people who say they will not pass a bill unless it cuts Medicaid below a certain level. Like the red lines are crossing left and right. So if you took them at their word, they cannot get it done. Will they find some way to get it done? Maybe. I mean, they have done everything Trump's asked them to do thus far.
You have a different group of people who say they will not pass a bill unless it cuts Medicaid below a certain level. Like the red lines are crossing left and right. So if you took them at their word, they cannot get it done. Will they find some way to get it done? Maybe. I mean, they have done everything Trump's asked them to do thus far.
Democrats have been quite skeptical that they would pass this budget resolution, and they did. I mentioned this on the show recently, last week, two weeks, six months ago, who knows. But one thing they could do is just they could punt. They could extend the tax cuts for a year or two.
Democrats have been quite skeptical that they would pass this budget resolution, and they did. I mentioned this on the show recently, last week, two weeks, six months ago, who knows. But one thing they could do is just they could punt. They could extend the tax cuts for a year or two.
unpaid for, or with some non-Medicaid spending cuts where you're just sort of paying a toll and say, because of the economic uncertainty of the tariffs, the last thing we want to do is risk raising taxes on every American. So we're going to do this and come back. Now, the downside to them is they could very much lose the House in the interim.
unpaid for, or with some non-Medicaid spending cuts where you're just sort of paying a toll and say, because of the economic uncertainty of the tariffs, the last thing we want to do is risk raising taxes on every American. So we're going to do this and come back. Now, the downside to them is they could very much lose the House in the interim.
And then Trump is forced into a negotiation with Democrats. But they can't let taxes go up on every American. Like that is just something they absolutely cannot do. And if they cannot figure the cuts out in the interim, then I'm not sure what other option there is.