The Chuck ToddCast
Chuck’s Commentary - SCOTUS Smacks Down Trump’s Tariffs…Now What? + Trump’s Approval Is Cratering
23 Feb 2026
Chapter 1: What is the main topic discussed in this episode?
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Chapter 2: What precarious moment is the United States facing in Trump's presidency?
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Chapter 3: What are the implications of the Supreme Court's tariff ruling?
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Chapter 4: How will the lack of tariff revenue affect the U.S. budget deficit?
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Chapter 5: What does Trump's reaction to the Supreme Court ruling reveal about his leadership?
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Chapter 6: How does Trump's laziness impact his governance?
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If you are waking up in the Acela corridor... I hope you don't have a foot of snow outside. Those of us on the southern end of the Acela Corridor are breathing a sigh of relief. Those of you in New York, that might be another story. But for those of us that make content, it means you have more time bundled up in your house or you have to get out.
Put the AirPods in so I hope I can be a useful distraction while you're shoveling, sweeping, whatever you may be doing this morning. Look, it's a packed episode. As you know, I did a quick sort of emergency response as we got the big tariff ruling. And this is just such a monumental moment in the Trump presidency. It's very well, we look back, this is the beginning of the end.
We may look back and say Liberation Day was sort of when it all actually was starting to come to an end. I'll get to that point in a minute, but let me give you a rundown of everything we're going to do. I'm going to unpack all things tariff because this is, look, an important moment. The democracy, the guardrails, separation of powers, like all of the features of this republic blossomed a bit.
So that's, and then you have a president responding as if he is now, his goal is to destroy his own party in the midterms and do whatever it takes to help the Democrats because his initial response on this is politically catastrophic. But hey, by the time you're listening to this, we also could be launching a new war with Iran because, oh, guess what? Before the tariff ruling,
we still have the largest buildup in the Middle East of military assets since the start of the Iraq war. What's going on? What are we up to? Congress still is not being told.
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Chapter 7: What historical parallels can be drawn from the Reichstag fire?
Is this about the nuclear program? Is this about negotiation? Is this about regime change? The president, who loves not to explain his rationales, is, I think, underestimating how precarious of a position he might be in here. But we'll see. And who knows?
Chapter 8: How do emergency powers relate to the rise of authoritarianism?
Maybe he's going to... I mean, my goodness, the State of the Union on Tuesday. Is he going to announce that the missiles are dropping as he begins the State of the Union? Does he want to step on his own State of the Union? Is that his goal? Does he want to announce something? Does he want... Does he not want the specific... Does he have not... Maybe he doesn't have much to say beyond...
Or does he rant and rave about the tariffs and complain about that? Does he ask Congress for some help on this? So we are in an incredibly precarious moment of his presidency, though, to say it's the most precarious is sort of how do you pick, right? We kind of live in a constant state of turmoil and instability ever since he came down that escalator.
So we are in one of those moments, massive economic instability, small business still trying to figure out what comes next. But. We got some important institutional pushback on sort of Trump's attempts to usurp power from Congress. So, again, I'm going to get to all that. Let me give you, like I said, a quick rundown. I'm going to break down.
We got seven of the nine Supreme Court justices elected. felt like they had to express their own view as to why they came to the decision they came. Seven of the nine, the only two justices not to write their own separate either concurrence or dissent, Samuel Alito and Sonia Sotomayor.
Everybody else had something to say with the Neil Gorsuch concurring opinion being the most fascinating of all of them. But we're going to get into that. There's a brand new ABC News poll out that shows incredibly bad news for the president and Republicans. But guess what? Doesn't show much good news for the Democrats. I will get to that in a moment.
I spent part of my weekend at the principal's first conference at the Gaylord Hotel in suburban Maryland, right outside of D.C. They've built this is their sixth conference. six-year gathering, it was an impressive event. It gave, I had a ton of, I moderate a panel with Pat McCrory, Bill Kristol, and another member of the Principles First organization
Because it really is a gathering of center right sort of ex-Republicans, lost independents, a lot of military veterans and even a few active duty people I met there who feel politically lost but are alarmed by what's happened in this current moment inside the Republican Party. So it was an interesting conversation and I was moderating some interesting tension
Let's just say Pat McCrory and Bill Kristol, while they both have an agreement about Trump, they weren't necessarily on the same page of what comes next and how to do this. And I think that this is the debate that many non-independents and anti-Trump Republicans are having is, do you try to save the Republican Party? Do you try to start something new? Do you try to get behind an independent?
Or do you make common cause with the Democrats temporarily? That debate is a very lively discussion inside this group. I found it to be, shall we say, intellectual nourishing might be a way to put it. Meanwhile, Team USA, right? How do I... I want to get to that. That's very exciting. And... I'm going to overanalyze the period of time. We haven't won the Olympic hockey gold since 1980.
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