Matt Iglesias

Yeah, I mean, I think that's right. What will be interesting when we see how democratic states sort of react to this, because Tesla still receives credits from California. This is not as important to their business as it used to be, but it continues to be a big kind of moneymaker for them because California has increasingly strict emissions rules.

Yeah, I mean, I think that's right. What will be interesting when we see how democratic states sort of react to this, because Tesla still receives credits from California. This is not as important to their business as it used to be, but it continues to be a big kind of moneymaker for them because California has increasingly strict emissions rules.

And then a number of other blue states kind of piggyback on them. Gavin Newsom seems to be trying to see, like, can he reconfigure that as like a subsidy for non-Tesla electric cars? And I think there's... Legal questions and implementation questions around that.

And then a number of other blue states kind of piggyback on them. Gavin Newsom seems to be trying to see, like, can he reconfigure that as like a subsidy for non-Tesla electric cars? And I think there's... Legal questions and implementation questions around that.

Big picture, though, like I think the thrust of Trump's energy policies will increase America's gross domestic product by causing us to care less about climate change and certain other kinds of things. Whether they will reduce prices to American consumers, I think, is much more questionable. Right. The Democrats were going nuts all throughout 2024.

Big picture, though, like I think the thrust of Trump's energy policies will increase America's gross domestic product by causing us to care less about climate change and certain other kinds of things. Whether they will reduce prices to American consumers, I think, is much more questionable. Right. The Democrats were going nuts all throughout 2024.

They were like, why are people mad about inflation? Inflation's down to 2.4 year over year. And then just like, well, we didn't like forget. that there was 9% inflation 18 months ago and that it was 5% inflation nine months ago. And I don't want to say we remember it was Joe Biden's fault, but the people who think it was Joe Biden's fault remember that they think it was Joe Biden's fault.

They were like, why are people mad about inflation? Inflation's down to 2.4 year over year. And then just like, well, we didn't like forget. that there was 9% inflation 18 months ago and that it was 5% inflation nine months ago. And I don't want to say we remember it was Joe Biden's fault, but the people who think it was Joe Biden's fault remember that they think it was Joe Biden's fault.

Now, a lot of conservative take-slingers will be hypocritical when they pivot back around to being like, you can't actually make the price level fall. But like, it's true. You can't actually make the price level fall. It's a shame for Joe Biden that we had 9% inflation when he was president. But, like, people were mad about that.

Now, a lot of conservative take-slingers will be hypocritical when they pivot back around to being like, you can't actually make the price level fall. But like, it's true. You can't actually make the price level fall. It's a shame for Joe Biden that we had 9% inflation when he was president. But, like, people were mad about that.

And I don't know that there's going to be so much juice in, like, lol, prices didn't get cheaper. That being said, I mean, when I was a guest on your show previously, we talked about this a lot. But, like, Trump's tariff agenda, his fiscal policy, all of that points toward a re-acceleration of inflation. Yeah. And that's perilous, even if it doesn't get up to nine.

And I don't know that there's going to be so much juice in, like, lol, prices didn't get cheaper. That being said, I mean, when I was a guest on your show previously, we talked about this a lot. But, like, Trump's tariff agenda, his fiscal policy, all of that points toward a re-acceleration of inflation. Yeah. And that's perilous, even if it doesn't get up to nine.

But then he did say there's going to be tariffs on Mexico and Canada starting in February.

But then he did say there's going to be tariffs on Mexico and Canada starting in February.

I think some foreign leaders have to ask themselves if they want to call the bluff here, you know, because you're right, Dara, right? I mean, Trump in his first term pretty effectively wielded the threat of tariffs as a kind of negotiating strategy.

I think some foreign leaders have to ask themselves if they want to call the bluff here, you know, because you're right, Dara, right? I mean, Trump in his first term pretty effectively wielded the threat of tariffs as a kind of negotiating strategy.

Then during the last six months of the presidential campaign, Trump's business community supporters were like everywhere in the business press and amongst themselves telling people, like, don't worry. Don't listen to what Janet Yellen and Kamala Harris and, you know, Ezra Klein are saying about this. Like the president is just using this as a negotiating tactic.

Then during the last six months of the presidential campaign, Trump's business community supporters were like everywhere in the business press and amongst themselves telling people, like, don't worry. Don't listen to what Janet Yellen and Kamala Harris and, you know, Ezra Klein are saying about this. Like the president is just using this as a negotiating tactic.

So, you know, Trump, during the lame duck, he just tweeted or truth socialed that there's going to be 25% tariffs on Canada and Mexico. And then Trudeau put out some announcement that was like, we're going to get really tough on fentanyl. And then Trump took yes for an answer. It was like, oh, the tariffs are off. But now he says they're going to be back on. And... I hesitate.

So, you know, Trump, during the lame duck, he just tweeted or truth socialed that there's going to be 25% tariffs on Canada and Mexico. And then Trudeau put out some announcement that was like, we're going to get really tough on fentanyl. And then Trump took yes for an answer. It was like, oh, the tariffs are off. But now he says they're going to be back on. And... I hesitate.