Full Episode - The U.S. Retreats From Being The Leader Of The Free World + Why The Biden Economy Felt Bad & Why Trump’s Is Even WORSE

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What is the significance of the U.S. retreating from being the leader of the free world?

Unknown 0:00

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Chuck Todd 0:04

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How does Trump's approach to foreign policy differ from previous administrations?

Chuck Todd 0:15

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What are the implications of Trump's pardons on political loyalty?

Chuck Todd 0:53

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Chuck Todd 1:31

Don't wait. Go to Quince.com slash Chuck for free shipping on your order and 365-day returns. Now available in Canada as well. That's Q-U-I-N-C-E dot com slash Chuck. Free shipping and 365-day returns. Quince.com slash Chuck. Use that code. Hello there. Happy Monday and welcome to another episode of the Chuck Todd cast. Of course, I have to open up to do a little representing here to say I'm relieved and surprised. at the committee's decision with the University of Miami in football is an understatement.

How is the American economy affected by technological changes and inflation?

Chuck Todd 2:11

I don't think any of the sins that I've been identifying of this committee should somehow be washed away. What they have done with the SEC in Alabama is as suspicious as ever. And I do not blame anger out of the folks at Notre Dame. I think the strangest decision was Including Alabama. Actually, the strangest decision was including Oklahoma. We can have a longer discussion about that. And I have still have a bunch of stuff to say about this. I love the fact that now all these ESPN personalities like Kurt Herdstreet are saying we should get rid of this TV show. Good luck getting your bosses to agree to do the TV show. But you are correct. The college football ranking shows created this antagonism of fan bases, suspicion, conspiracy theories, all of that.

Chuck Todd 3:07

The behavior of the committee, the lack of sort of consistency, the decision, all that business, they have nobody to blame but themselves. I had a friend of mine quickly text. He said, well, all your whining worked. And I'm like, hey, don't encourage me. I hope that's not the case. In a weird way, I hope it wasn't outside agitators like myself and others pointing out facts that they were unaware of. I should hope they were – that they didn't need people to point these things out. But to say that – How this went down and it is going to do nothing but encourage more activity like the activity a bunch of us, University of Miami partisans participate in over the last few weeks. There will be more of that come next year until they finally get rid of this committee and allow basic metrics.

Chuck Todd 4:05

What happens on the field dictates everything. Hard stop. But like I said, I'll have more to say about college football. And for those of you don't care about sports or college football or have written off college football because you don't like how they've been doing this for, frankly, 100 years, they have never gotten their postseason right.

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Chapters

8 chapters

1 What is the significance of the U.S. retreating from being the leader of the free world? 0:00–0:15 2 How does Trump's approach to foreign policy differ from previous administrations? 0:15–0:53 3 What are the implications of Trump's pardons on political loyalty? 0:53–2:11 4 How is the American economy affected by technological changes and inflation? 2:11–1:20:15 5 How does 'Medicare for More' propose to change healthcare access? 1:20:15–1:20:34 6 What are the challenges of competition in the healthcare market? 1:20:34–1:22:38 7 What is the significance of the child tax credit in economic policy? 1:22:38–1:23:42 8 How do the historical relationships with China impact current U.S. policy? 1:23:42–2:31:50

Speakers

3 identified

Chuck Todd 102 min Jared Bernstein 35 min Unknown

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Topics in this episode

Donald Trump 2 United States 1 White House 1 Netflix 1 Joe Biden 1 Federal Reserve 1 Vladimir Putin 1 European Union 1 CIA 1 Pentagon 1 Qatar 1 Quince 5

Source

Recorded08 Dec 2025

Publisherfeeds.simplecast.com ↗

Transcriptspeaker-named · 100+ languages

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Show notes

In this episode of the Chuck ToddCast, Chuck examines the sweeping global and domestic implications of Trump’s increasingly personal, transactional approach to foreign policy. He breaks down how the administration has abandoned the post–Cold War order, embraced nationalist movements, sidelined democracy promotion, and even signaled security guarantees in exchange for favors — all while crafting a national security strategy full of dangerous gaps and warmly received by the Kremlin. Chuck then turns to the explosive revelations around Trump’s pattern of selling pardons for loyalty, spotlighting the Henry Cuellar episode as a case study in this mob-style political culture. The conversation also touches on Marjorie Taylor Greene’s recent media tirades and her emerging position as a potential “true MAGA” contender in 2028, before wrapping with a look at the historically low approval of all four congressional leaders and why a dramatic leadership reshuffling by 2029 wouldn’t be surprising. Then, Chuck sits down with Jared Bernstein — veteran economic adviser to both the Obama and Clinton administrations — for a sweeping, candid breakdown of the American economy, why the data and national mood feel so misaligned, and how technological change is reshaping the labor market. Bernstein explains how the White House approached economic tradeoffs, from inflation and tariffs to the stubborn low-hire, low-fire job market. He and Chuck dig into the uncertainty surrounding AI-driven job displacement, why Americans are more skeptical of AI than peers abroad, and how policymakers failed to build guardrails around the harms of social media. Bernstein argues that a federal jobs guarantee would be far more effective than universal basic income, and that political candidates will increasingly need to get tough on tech as the power of the “Magnificent Seven” distorts markets and discourages regulation. The conversation then turns to the structural failures of America’s healthcare system — from inelastic demand to weak cost controls — and why “Medicare for more” could be a practical starting point for reform. Bernstein outlines the entrenched inefficiencies of employer-based coverage, the rise of contract work, and the political salience but poor targeting of policies like “no tax on tips.” He also discusses the missed opportunity to protect the expanded child tax credit, the flaws in Trump’s proposed baby bond program, and the broader need for progressive taxation rather than philanthropy by billionaires. Finally, Chuck and Jared confront the realities of the national debt in an era of higher interest rates, the feasibility of reviving a robust child tax credit, and whether new supports — like credits for childcare or elder care — could help families navigate an affordability crisis that shows no sign of easing. Finally, Chuck hops into the ToddCast Time Machine to revisit the history of the United States relationship with China and the unintended consequences that came with it. He also answers listeners’ questions in the “Ask Chuck” segment and recaps the college football playoff selection. Get your wardrobe sorted and your gift list handled with Quince. Don't wait! Go to https://Quince.com/CHUCK for free shipping on your order and 365-day returns. Now available in Canada, too! Go to https://getsoul.com & enter code TODDCAST for 30% off your first order. Got injured in an accident? You could be one click away from a claim worth millions. Just visit https://www.forthepeople.com/TODDCAST to start your claim now with Morgan & Morgan without leaving your couch. Remember, it's free unless you win! Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 05:00 Trump doesn’t want the U.S. to be the leader of the free world 06:15 Administration rejects post cold war world order 07:30 Foreign policy will be subjective based on Trump’s personal relationships 08:15 There is no more value judgement on who the US does business with 09:15 Administration is proving to be very anti-EU 10:00 Administration signals support for other nationalist movements 12:30 Trump has never believed U.S. should promote democracy 13:30 There are plenty of holes in the national security strategy 14:15 Qatari plane bribe led to NATO like security guarantee 15:30 American presidents should believe in democracy 16:45 Trump’s retreat from the world will create generational damage 17:45 The new security memo was loved by the Kremlin 18:30 Trump mad at Henry Cueller for not changing parties after pardon 19:15 Trump is clearly selling pardons in exchange for money or support 21:15 Trump’s primary complaint with Cueller was “lack of loyalty” 23:00 Trump seemingly thought pardon was in exchange for something 25:30 There should be far more outrage over the weekly sale of pardons 26:30 Marjorie Taylor-Greene blasts GOP lawmakers in 60 minutes interview 27:30 MTG believed the BS & is now finally realizing it’s BS 28:30 MTG could become the “true MAGA” candidate in 2028 29:00 All 4 congressional leaders are incredibly unpopular 30:30 Congressional GOP could use a leadership shakeup 31:15 Schumer & Jeffries are looking over their shoulders 33:15 It wouldn’t be surprising if all four leaders are gone by 2029 41:00 Jared Bernstein joins the Chuck ToddCast 41:30 Jared worked for both the Obama & Clinton administrations 43:15 Drafting economic policy that has the most upside, least downside 44:15 The economic data doesn’t match the vibe of the country 45:15 The Biden WH talked past the electorate but didn’t lie about economy 46:45 Biden thought the job market was most important economic indicator 49:30 Inflation has been stubborn, how long did you assume we’d have it? 51:15 Tariffs have contributed to about half a point of inflation 52:00 Inflation during Covid was a combo of low supply & high demand 53:45 Should the fed be focusing on inflation or the jobs market? 55:30 AI isn’t causing mass layoffs yet, but it has frozen hiring 56:30 We’re stuck in a low hire, low fire jobs market 57:45 Technology displaces the most workers during economic downturns 59:45 How can we avoid job displacement destruction from AI? 1:01:15 Americans are far more negative on AI than other western nations 1:02:30 Politicians failed to create guardrails for the harms of social media 1:03:15 We don’t know the extent of how AI will displace jobs 1:04:15 Government should offer a federal jobs guarantee for AI displaced jobs 1:05:30 Universal basic income pales in comparison to a jobs guarantee 1:07:15 Getting tough on tech will be critical to successful political candidates 1:08:30 Tech companies threaten regulators with exiting the country 1:09:30 Breaking up tech’s power has appeal on both sides of the aisle 1:10:00 Market cap of the magnificent 7 is 22 trillion dollars 1:12:00 The S&P 500 minus the magnificent 7 is basically flat 1:13:45 Non-profit hospital systems make more money than for profit ones 1:14:30 Leaving healthcare to the free market doesn’t work well & is expensive 1:15:15 Healthcare isn’t shoppable and demand is inelastic 1:16:45 The only healthcare solution from congress is subsidizing insurance 1:17:30 The ACA did a lot to control healthcare spending, but not enough 1:18:15 We have very few cost controls in our healthcare system 1:19:00 “Medicare for more” would be a great place to start fixing the system 1:20:15 Competition in the health insurance market has been insufficient 1:21:00 Health insurers don’t want to compete with government, will fight hard 1:22:00 Medicare won’t be free but considerably cheaper than private market 1:22:45 Will a shorter work week be realized in the age of AI? 1:23:45 Social welfare is too often correlated to GDP 1:24:30 A shorter work week isn’t feasible during an affordability crisis 1:26:15 Employer based healthcare system is deeply rooted, but inefficient 1:27:30 Companies have pivoted to contract work to avoid paying benefits 1:28:30 The salience of the “No Tax On Tips” policy 1:30:45 No tax on tips is poorly targeted and inefficient, but will be hard to repeal 1:31:30 Biden should have “died on the hill” protecting the child tax credit 1:33:30 Trump’s baby bond program is poorly targeted & exacerbates inequality 1:35:30 Government shouldn’t rely on philanthropy by billionaires & tax progressively 1:37:15 Raising the corporate tax was always a nonstarter in administration meetings 1:38:15 We’re at a dangerously unsustainable level of national debt 1:39:15 Higher interest rates are making the debt much harder to sustain 1:40:00 A child tax credit is feasible, but needs a pay for 1:41:00 The childcare industry is very responsive to demand 1:41:45 Could we see a “home care” credit for both kids or seniors 1:45:45 ToddCast Time Machine December 1978, 2001, 2025 1:46:30 Jimmy Carter announce normalization of relations with China 1:47:30 Kissinger praised bringing Beijing closer, Goldwater was furious 1:48:15 Business community was ecstatic 1:49:30 In 2001, China joins the WTO: hinge moment of globalization 1:50:30 Democrats & Republicans agreed on China in 2001 1:52:15 Consumers & business loved cheaper good from China 1:53:00 Bush & Gore both had the same view of China 1:53:45 Populists warned of job losses and economic pain 1:54:30 What if US had blocked China’s entry to the WTO? 1:56:15 China is now viewed as a permanent strategic rival 1:57:30 US made a bet they could promote reform in Beijing and failed 1:58:15 Bets on China reshaped the U.S. more than China 1:59:00 Ask Chuck 1:59:15 Why don’t national democrats want to be in Iowa? 2:02:15 How did Obama hurt the DNC beyond endorsing Hillary? 2:06:30 Which member of each branch would be better in another branch? 2:12:00 Could lack of a primary in 2024 lead to broader election reforms? 2:14:30 College football roundupSee omnystudio.com/listener for privacy information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.