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The Chuck ToddCast

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

08 Dec 2025

Transcription

Chapter 1: What is the significance of the U.S. retreating from being the leader of the free world?

0.031 - 3.555 Unknown

This is an iHeart Podcast, guaranteed human.

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4.476 - 15.53 Chuck Todd

It's sponsorship time, but you know what? It's really great when you get a sponsor that you already use. And guess what? Quince is something that in the Todd household, we already go to. Why do we go to Quince?

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Chapter 2: How does Trump's approach to foreign policy differ from previous administrations?

15.55 - 36.919 Chuck Todd

Because it's a place you go where you can get some really nice clothes without the really expensive prices. And one of the things I've been going through as I've transitioned from being Mr. Coat and Tie Guy to wanting a little more casual, but to look nice doing it. is I've become Mr. Quarter Zip Guy. Well, guess what? Guess who's got amazing amounts of quarter zips? It is Quince.

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36.939 - 52.984 Chuck Todd

I have gotten quite a few already from there. The stuff's really nice. They have Mongolian cashmere sweaters for $50. I just know, hey, cashmere, that's pretty good. You don't normally get that for 50 bucks or less. Italian wool coats that look and feel like designer.

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Chapter 3: What are the implications of Trump's pardons on political loyalty?

53.024 - 70.42 Chuck Todd

The stuff... I'll be honest, right? You look at it online, you think, okay, is this really as nice as it looks? Well, when I got it, I was like, oh, this is real quality. So yeah, I'm going to end up making sure I take it to my dry cleaner so I don't screw it up when I clean it. But I've been quite impressed. And hey, it's holiday season. It is impossible to shop for

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70.4 - 91.587 Chuck Todd

For us middle-aged men, I know this. Well, tell your kids, tell your spouses, tell your partners, try Quince. Or if you're trying to figure out what to get your adult child, what to get your mom or dad, I'm telling you, you're going to find something that is going to be comfortable for them on Quince. So get your wardrobe sorted and your gift list handled with Quince. Don't wait.

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91.687 - 118.451 Chuck Todd

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.

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118.491 - 130.749 Chuck Todd

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.

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Chapter 4: How is the American economy affected by technological changes and inflation?

131.43 - 159.83 Chuck Todd

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.

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159.89 - 186.148 Chuck Todd

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.

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187.647 - 207.597 Chuck Todd

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.

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207.83 - 222.919 Chuck Todd

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 –

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223.405 - 248.839 Chuck Todd

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. What happens on the field dictates everything. Hard stop.

249.005 - 268.782 Chuck Todd

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. I get it. I understand. And I will put this at the end of this podcast.

268.802 - 297.666 Chuck Todd

Let me give you a rundown of what I got going on today. We, of course, have got sort of – I want to go through a little bit of the national – of the new national security strategy memo that gets updated every year by whoever's in the presidency. And to say there's a departure, not surprising, but a departure – of what role America should play in the world is an understatement.

297.686 - 321.909 Chuck Todd

Bottom line, the president of the United States does not want to be the leader of the free world if you take the national security strategy update seriously. I want to get into that a little bit on this Trump pardon anger at Henry Cuellar and what it really tells us about how the pardon system works in the Trump White House. I have an interview with Jared Bernstein.

322.209 - 341.948 Chuck Todd

He was Joe Biden's chief economic advisor when he was vice president and essentially played the same role when he was president. He's got some interesting takes on what he thinks the Fed will do and ought to do. That's that decision is going to happen later this week. So I think this is a very timely interview. But it's not a partisan.

Chapter 5: How does 'Medicare for More' propose to change healthcare access?

4815.46 - 4823.049 Jared Bernstein

And so it's Medicare for more. And what that means is is lowering the age of Medicare. I've heard it.

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4823.169 - 4826.773 Chuck Todd

Fifty. Would you go down to 50 has been the number I've always seen of.

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4826.753 - 4834.48 Jared Bernstein

Yeah. And so, you know, because it's you might hear people talk about a public option. That's really very similar to what I'm talking about.

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Chapter 6: What are the challenges of competition in the healthcare market?

4834.86 - 4855.157 Jared Bernstein

And this is the idea that whether you're in your workplace looking at what you can choose or you're going into the Obamacare exchanges, you can, you know, if you're if you're of a certain age, you can choose Medicare, which is a less expensive form of care because of the kinds of cost controls I mentioned earlier. And, you know, someone who's on it now, it works well.

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4856.977 - 4882.343 Chuck Todd

me ask this why you know it's interesting did did you expect when the affordable care act happened and the idea was that there was some there was a hope that you'd have more insurance companies come into the marketplace um did you think we would have the big you know the progressives usaa geico i don't think they really did get into the marketplace um where did you assume more would have jumped into this

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4883.875 - 4892.248 Jared Bernstein

I did. And I do think that competition has been somewhat insufficient in that space.

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4894.191 - 4897.917 Chuck Todd

Every day is a UnitedHealthcare buying up another company.

4897.937 - 4921.495 Jared Bernstein

Exactly. There's vertical integration, there's horizontal, vertical meaning up and down through the hospital systems, and then there's horizontal. So there's... That kind of integration, particularly in some of our larger cities, is putting upward pressure on costs. And in the piece that Neil Mahoney and I just wrote, we went after that. We said we have to block that.

4921.555 - 4941.965 Jared Bernstein

You know, you have a lot of investors supporting that kind of integration. But on the insurance point, Remember, when we did the ACA, we made a political, because I was in the Obama administration then, we made a political calculation that we were going to go, you know, through the insurance companies, not around them. We were going to adapt them as allies.

4941.985 - 4958.191 Chuck Todd

No, I mean, that was the mistake the Clintons made, right, which was trying to go after the insurance companies. And Thelma and Louise, it wasn't Thelma and Louise, Harry and Louise, sorry. Thelma and Louise was the movie. Harry and Louise became the faces of the opposition. Yeah. You know, and then it I mean, I understood the pull.

Chapter 7: What is the significance of the child tax credit in economic policy?

4958.211 - 4965.975 Chuck Todd

You're right. You guys made a political day. We're going to have Harry and Louise on our side, which they if I remember, they actually re-upped the ad and were.

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4966.833 - 4989.617 Jared Bernstein

Well, they we never would have legislated that if we had, I think, if we had gone with the, you know, trying to crowd them out. And, you know, I think that's why Medicare for more is going to be a tough sell, because they recognize that that kind of competition, they don't want to compete with the government. They recognize that Medicare can provide less expensive health care for for people.

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4989.797 - 5000.754 Jared Bernstein

And, you know, they kind of are resigned to assigning that to seniors. But if you take that down to 50, they're going to fight you tooth and nail for those mansion reasons I said before. But we still have to go there.

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5002.156 - 5022.152 Chuck Todd

Well, it seems, especially if we're living longer, I mean, it just I guess that's got to be the fear. I mean, that would be the argument against bringing the age down. Medicare is only going to get more stressed if because people are going to be living longer and on Medicare longer.

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Chapter 8: How do the historical relationships with China impact current U.S. policy?

5022.217 - 5044.196 Jared Bernstein

Well, not necessarily because we're not getting into the policy weeds. So it's not that this is going to be free for people. I mean, Medicare is not free for anybody now. You still have Part B premiums and all that. No, they would have to pay an actuarially fair premium rate if you're on Medicare. It's not free. It's not like Medicaid, which is kind of free health care.

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5044.557 - 5051.903 Jared Bernstein

But that premium is going to be considerably lower than what you're paying to the private sector.

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5053.537 - 5076.034 Chuck Todd

Future of work, not just AI, but the length of the work week. you know, we've, there's been chatter about this for multiple generations, right. And what, what the, what the work week's going to be. You're starting to see, I think Bernie Sanders is advocating a 32 hour work week. Um, but it really all goes back to what's full time.

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5076.094 - 5094.314 Chuck Todd

And cause what full time, what the definition of full time is then of course triggers whether you get benefits or not. And so that's why this is, I think an important issue. Um, Where are you on that issue, and is that something that you think is coming?

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5095.957 - 5119.353 Jared Bernstein

Well, first of all, the way Senator Sanders talks about it is he wants people to work eight hours less per week but not take a cut in pay. And that strikes me as unrealistic. I don't see how that works. I think that leads to lots of unintended consequences that would be detrimental to workers.

5120.514 - 5150.346 Jared Bernstein

If you wanted to have the option of a four-day week, and people could still be considered working full-time and get those same sorts of benefits, that's a conversation worth having. But output would go down, and so we'd have less growth, presumably. And that's kind of a trade-off. It's interesting because for economists, a lot of time, social welfare, well-being is too easily analogized to GDP.

5150.727 - 5157.678 Jared Bernstein

But if I told you we can have less GDP, but we can work less hard, you might say Europe. Right.

5157.698 - 5165.35 Chuck Todd

That is what somebody would say, Europe. Look at them. Guess what? And we drove right past them in our GDP.

5165.891 - 5184.787 Jared Bernstein

We drove right past them in our GDP, but when it comes to if you actually look at measures of happiness, they actually kick our butts in a lot of ways, especially around this issue of work. So the problem I have with the conversation is when it sounds like there's no trade-off. If you accept that there's a growth trade-off, but maybe you improve social welfare – Fine.

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