What the Hell Is Going On

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WTH Donald Trump 2024? Karl Rove on Whether the Former President can be Beaten Mar 22, 2023

Show notes

The 2024 presidential nominee field is starting to take shape, with headlines pointing to a Biden-Trump replay. But are those really the only likely options? Actually, no. Two-thirds of polled Republicans want someone other than Trump, but who can continue Trump’s policies. This means energy independence, a conservative court, cutting taxes, hawkish China policy, a strong military—all led by someone authentic, personal, and who can lead the country for eight strong years. One possibility is DeSantis, who has rallied support for his conservative domestic policy but is hedging on foreign and defense policy. There are other good options as well, but the GOP base is still afraid of offending Trump’s base, a stumbling block going up against a fairly robust Democratic bench. Make no mistake: this is an inflection point for the Republican party. Will it regress to the pre-Pearl Harbor, GOP, or Democratic-Ted Kennedy isolationism? Or will someone take up the Reagan mantle, and govern as the leader of the free world, in such a way that China, Russia, and other aggressors take notice?

These questions and more with Karl Rove. Rove is the former Senior Advisor to George W. Bush, and former Chief of Staff. He is a Fox News contributor and a columnist for the Wall Street Journal. He is the author of Courage and Consequence: My Life as a Conservative in the Fight.

Download the transcript here.

WTH is Going On with Silicon Valley Bank? Michael Strain on how Federal Policy Helped Cause the Disaster Mar 14, 2023

Show notes

Before Friday, Silicon Valley Bank was the sixteenth largest bank in America. Now it bears the standard of being the second largest bank failure in US history, only upstaged by the 2008 financial crisis. As the initial shock – both to the market and to news headlines – is wearing off, some things are clear: SVB was badly run, had mismanaged its asset investments, and as a truly silicon valley-centric bank, had an un-diversified portfolio tied to tech start-ups, crypto, and its California clientele. But the real catalyst? A long year of the Biden administration’s failure to combat inflation caused the Fed to hike interest rates, resulting in a major loss of asset value for the bonds SVB owned. Now, the Fed, FDIC, and Treasury Department have decided to protect depositors – but not shareholders – beyond the standard $250,000 insured cap for deposits. In short, the average taxpayer is bailing out the Silicon Valley elite.

Michael Strain is the Director of Economic Policy Studies at the American Enterprise Institute. Dr. Strain is also the author of The American Dream Is Not Dead: (But Populism Could Kill It).

Download the transcript here.

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