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Pod Save America

Billionaires' Bet on Trump Pays Off

Fri, 13 Dec 2024

Description

America's corporate titans seem pretty happy about Donald Trump's election—even pitching in to his inaugural bash—and it's no big mystery why: he's promising yet again to slash their taxes. Meanwhile, in his TIME Person of the Year interview, Trump admits that he may not be able lower grocery prices after all. Oh, well! Jon and Dan dive into all the latest, including FBI Director Christopher Wray's resignation, Biden’s historic pardons, Nancy Mace's latest theatrics, and why Democrats are suddenly cozying up to Elon Musk. For a closed-captioned version of this episode, click here. For a transcript of this episode, please email [email protected] and include the name of the podcast.

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Transcription

Full Episode

20.086 - 34.372 Jon Favreau

Welcome to Pod Save America. I'm Jon Favreau. I'm Dan Pfeiffer. On today's show, everyone seems to be doing the Trump dance. As FBI Director Christopher Wray goes down without a fight, Democrats start flattering Elon Musk, and Mark Zuckerberg sponsors the inauguration.

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35.172 - 60.523 Jon Favreau

Trump, meanwhile, admits he might not be able to bring down prices after all during his big-time Man of the Year interview, an honor he celebrated at the New York Stock Exchange on Thursday by telling Wall Street he'd cut their taxes. Welcome to your populist realignment, Dan. But first, we have some actual good news. No, stop. It's real. I'm not a joke.

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60.723 - 62.345 Dan Pfeiffer

It's December 2024, right?

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63.005 - 63.706 Jon Favreau

It is. Okay.

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63.766 - 65.047 Dan Pfeiffer

All right. Cool. Cool. It's been a while.

65.779 - 90.987 Jon Favreau

The White House announced on Thursday that President Biden made history by granting clemency to nearly 1,500 people and pardoning 39 others. The largest single day clemency action in modern history. The 1,500 number is people who had largely been living out lengthy sentences in home confinement because of the pandemic. and already had been reintegrated in their communities.

91.507 - 103.952 Jon Favreau

Those sentences were commuted. The 39 pardons went mostly to people convicted of nonviolent drug offenses when they were younger and who have since turned their lives around. What do you think of the move? Pretty good, huh? Love it.

103.992 - 120.906 Dan Pfeiffer

It's great. I saw that this morning when I woke up way too early as usual, and it was great news. And it's sort of what we've been waiting for. Every time you have a transition from the president of one party to the president of the next, the outgoing president furiously spends that last two months trying to –

121.747 - 136.795 Dan Pfeiffer

get as much Tennessee as we can, fireproof their accomplishments, use the powers they have, and pardons is a big part of it. And it had felt for the last couple of weeks like that was not happening. I'm sure it was happening internally because they didn't just come up with these pardons yesterday, like they've been working on this for a long time.

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