The Canada Trade War Might Actually Cost Trump More Than It Costs Canada

0:00Support for the show comes from alumni ventures. We've said it before, diversification is our Kevlar Vest, but do you know how concentrated your public stock fund actually is? A handful of mega-cap stocks with an AI story are doing most of the work. That's not the diversification you think, especially when so much value creation is happening before companies ever go public. Alumni ventures ranked a top 20 US venture firm by both time and CV insights gives accredited investors a smart simple way to assemble a blu-chip venture portfolio and participate in the value creation that is occurring in private markets. You can sign up for free, see the weekly deal flow and decide for yourself or write one check into the Alumni Ventures Foundation Fund for a diversified portfolio of about 25 private venture deals. Go to ev.gc-proffg. Not an offer to sell securities, venture capital involves substantial risk including loss of capital invested, seed disclosures and fund offering materials for more information. I'm Mitch Purse and this week on Confessions of an Elite Athlete, I'm sitting down with Mr. ACL for the world's greatest athletes.

1:03Dr. Riley Williams is the medical director for the Brooklyn Nets, the New York Liberty and a team physician for USA Basketball. He's also the surgeon who repaired my very own ACL. We talk about how he became one of the world's top surgeons. Why women's sports are seeing more ACL tears and what knee injuries you should be most afraid of. You can hear it all here by listening to Confessions of an Elite Athlete on YouTube or wherever you get your podcasts. Welcome to Raging Modern, I'm Scott Callaway. And I'm Jessica Tarla. So just we're sold out for your book, 92nd Street Y, we sold out whatever it is, eight or nine hundred seeds. I know I'm excited about it. It'll be a great discussion. I love the people love the pod. Obviously and hopefully they'll love the book too, since they'll be getting it. Yeah, I think I think I'm more excited about you and the book than the pod. Also pre-order the book. You can pre-order right now. Pre-orders are really important for the best seller

2:04list and it kind of success creates success. So if you have the inclination please go to Amazon right now or wherever you buy your book and pre-order. I disagree winning arguments without losing friends today. The link is in the bio and also please make sure to hit subscribe to support our show. This is the most stressful thing that I've ever done by the way. I mean I know that like actually writing the book not that big of a deal like the promo is sole crushing. Don't you find that? Oh, I found the opposite. Yeah. That's not the marketing was easy. Well, and you're a natural marketer and I have to really like psych myself up. I think to market a book you have to be a bit of a shitty salesman which comes naturally to me and writing a book. I think it's so interesting. I think the written part is much more difficult because you actually have to say something that's original. In fact, check it and make sure that okay, is this really accurate what I'm saying here? Does it foot back to what I said in chapter 3?

3:05So it's interesting that you find this to be the more difficult part. Well, I'm a very introverted extrovert. So this is kind of hitting on a lot of anxiety that I have from my high school years basically. And because the book it's like a memoir how to mash up a lot of it is so personal. And then I'm like, oh my god, why did I put that out into the ether? And now I'm having conversations about it, you know, during the interview. Let's start. I don't come back to haunt you and traumatize your children, but don't worry about it. Sorry, girls. Sorry. Mama's got to publish. There you go. So let's get into it. Canada's new counter tariffs are officially in effect, despite escalating threats from Trump in recent days, including an announcement yesterday, the Bumbardi A will be barred from the US market unless it builds there. He accused Canada of blocking American banks and companies while benefiting from American customers and even floated the idea that he might end all trade with Canada. He also posted an image of him and Prime Minister Mark Carney as hockey players with carnivore on the ice and Trump shouting, get up governor.

4:10Nice. Get up governor. Like you kind of can't hate this guy enough, right? Yeah, like one of them, one of them is a leader who acquits himself with dignity and grace and is befitting of this position. The other is Donald Trump. This is just, I mean, we're almost becoming sort of numb to these distractions around how embarrassing they are. And let's talk a little bit about the tariffs. This is kind of like, remember that, did you ever see the movie, The War of the Roses with Michael Douglas and Kathleen Turner for a year ago? Yeah, forever ago. But basically a very hostile divorce with the decide to stay in the same house. That's what this is. There are cars and auto parts that cross the border, Canadian American border, eight times before final assembly. You can't undo this marriage overnight. It's taken 30 years of naft and all sorts of agreements. This is like a divorce where you live in the same town, go to

5:13the same church, in shop at the same Walmart and live in the same house. There's just nothing, nothing they can do. And in like all tariffs, the person who initiated it likely ends up on the losing end of this. There are alcohol exports are down 80% from the US because Canadian consumers are have something American consumers don't have and that is resolved. And that is American consumers are like, whatever Trump, what's he doing? Canada, I don't care. I'm going to go back to watching, you know, beef or whatever my favorite streaming program is, where its Canadians are rallied behind this. They are really upset and angry and they are they are buying specific products that damage specific states. And kind of the tell here is $25 billion is landing inside of US states, Michigan and Texas. And I mean, they're going after the hard and longs of some of these red states. This is kind of like stopped threatening to stop talking to your business partner of 30 years

6:16because you won't let you renegotiate the deal every six months. This again is another another attack on the structural, what has been probably the greatest unlock in prosperity in America has been international commerce and international trade because we have a tendency to produce higher margin, higher value add products, the result in greater market capitalization. So every dollar in international trade accretes a disproportionate amount of shareholder and stakeholder value to the US including our trade with Canada. You just can't hate this guy enough. 25 billion in the main scheme of the 700 billion in trade that we did with them last year is small. It does I mean, it's meaningful. It hits certain states and manufacturers really hard, which is intentional. I overwhelmed by the contrast between the precision with which Canada is doing this and the

7:16slop factory that seems to be our trade apparatus at this point. And I had been told at work, at at Fox, some of my colleagues thought they would sort this out. They were like, oh, maybe even on Labor Day, right? While everyone is out grilling, they'll figure this out in James and Greer. He's a really smart guy and he'll fix this. And he was the one that apparently they were close to the finish line on a deal. And then I think it was Ludnick that swooped in and messed everything up. But we have no reporting that there has been anything close to another round of negotiations or a deal, which is foreboding. And puts Canada, I think to some degree in the same bucket of how Iranian leadership is thinking about the next few months, which is that they know that Donald Trump passes back against the wall. They know that Republicans are sheepishly going along with everything

8:21that he's doing that privately panicking, right, running back to their districts, you know, thinking I have to find some way to smooth this over. But God forbid, they actually say to the man's face, what are you doing to this country? What are you doing to average Americans that are just trying to make a living? And I certainly don't mean to comp like, you know, Iatola, Jr. and Mark Carney. They are different breeds. But I'm saying that on all fronts, Donald Trump is picking fights with people who can really hurt him and can hurt Republicans in the future. And something that stuck out to me was that Canada held its first defense coordination talks with China in over eight years, just a few a few days ago. So this is a thought in military to military communications. I was talking about this with Aaron on raging perspective last week or the week before or just the thought in relations, because obviously this happened only a few days ago. And he was saying, well, is there a world in

9:24which some day China could get a military base in Canada, for instance. And that feels like a stretch to me, but the fact that Mark Carney, Macron are so open to the idea of parading around with the Chinese and thawing these kinds of relationships that have been frosty for very good reason sends a real warning shot across our bow for the future of this, because they are making plans for past 2028 when hopefully a Democrat wins, but at least when there will be a new administration coming in, a couple of months after that. And when I saw that reporting, I thought, oh, this is a real serious. Because we don't have people who have a strategic bond in their body, we don't cooperate with our allies. We're under the impression that we're the only part that matters and not recognizing the last 80 years. Our strength has come from a whole that's greater than the sum of its parts in terms

10:26of our alliances and democracies and being seen as a good guys and realizing the cooperation and components are more in power, more, you know, best sort of intimidation and what has perceived as raw power. What I think kind of the next major, if the Defense Secretary and the Secretary of Commerce and our talented diplomatic corps and our president had any sort of long term thinking, they would be focused on the following. They would be trying to form alliances with Greenland, Nordic countries, possibly even China as a means of trying to thaw relations there in Canada to develop secure shipping and military routes across the Arctic. Because of global warming and because the supply chain and supply routes and the Gulf have been under such tumult and pressure, probably the next playground or football field of geopolitical power in terms of who leaks it and who seeds it is going to be fought in this boring place with, you know, Sir David Attenborough talking

11:27about polar bears, the Arctic is going to become increasingly important strategically in terms of shipping routes and supply chain. And that's where military cooperation will begin is the Canada. If I were, if Gina Ramunda were still the Secretary of Commerce who if she was six inches taller and had a deeper voice would probably be a candidate for president, which she would probably be doing because she was very smart is figuring out trade alliances across the Arctic that strengthen our military alliances. Because I think that is, it's the boring shit that wins over decades and long term thinking. But I would be really scared of Canada developing a relationship with China and Russia around cooperation around Arctic trade routes, which are becoming increasingly important and feasible. Because of technology and the thawing of all this ice, but we don't think that way. Instead, we make this management rookie mistake of letting the CEO wake up with a temper tantrum and decide

12:30what new tariffs should be instead of letting a competent secretary of commerce think thoughtfully as we have done for the last 80 years around constructs and tariffs and duties and cooperation that result in staggering prosperity. He's literally unwinding what has been an enormous source of prosperity. Senator Slachkin estimates that Michigan households are going to have an additional $5,000 burden. And if you think of a $5,000, that's after taxes. You have to make, you have to make $7,000 or $8,000 in salary. That's 10% of the average household income just because of the self-inflicted of tariffs. And this will, in the short term, hurt Canada more than it hurts us. And to be clear, Canada is not fresh out of stupidity. Canada has not grown their economy in 10 years. It is not a well-run economy. But the difference is the reason why they will, why they will ultimately win this trading world despite registering more pain is because they have the support of the Canadian people.

13:35The Iranian populace is under enormous economic pressure right now. Supposedly, there are monthly purchasing powers come from $320 to $80 since the beginning of the war. I mean, the economy there is literally collapsing. But what do they have? I won't call it support, but compliance with their leadership. Whereas in the US, you have a president where two-thirds plus of the populace is scratching their head and going, what the fuck is he thinking? This, none of this makes any sense. So again, more near-term macho in ridiculous memes of hockey players that are insulting and just childish. And again, we're trading off the long-term prosperity of the US, short-changing what has been just again, can't see the force for the trees. Every dollar of trade we do with Canada results in much greater shareholder value to us than to them because of our IP intensive products. Agreed. And it is the question of the day, question of the month,

14:36of the year. What is he thinking? And this is underlies every topic that we're going through. And it's not just because we have TDS or whatever. Like, I don't actually. I scan social media. I go and look for the counter opinion. Like, who thinks that this is a good idea? And besides a few influencers that are on a payroll, you don't have people of substance, even people who believed in America first tariffs to begin. And they're not updating talking points. They're still talking about the largest unprotected border. Like, who gives a crap if there's an unprotected border with Canada? You're not getting a stream of illegals who have drugs shoved up their butts coming across the border from Canada. They're going to like Niagara Falls or coming to see a Broadway show or, you know, hanging out going to see the lakes,

15:40the Great Lakes that will continue to have their names. It's just relentless stupidity. And it doesn't make any sense and feels increasingly like this, you know, take grandpa's keys away. But no one will do that. And I can self-flagely no longer about Joe Biden. I got it. He wasn't up to the job. We paid the price. We lost the election. Like, when are you going to focus on the actual problem? Which is that Donald Trump certainly has more energy than Joe Biden did. But he cannot do this job either. Support for the show comes from Upwork. Every business owner hits a point where they need to bring an outside expertise. But for one reason or another, hiring another full-time employee to assist in the cards. That's where Upwork comes in. It's where growing businesses find highly skilled freelance specialists to get the job done. Upwork gives your business fast access to highly skilled specialists with deep expertise so you can fill critical skills gaps,

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18:43Seattle Storm teammate Lauren Jackson. She talks about the pros and cons of going pro at 16, the Ophol's legendary Thieber World Cup run in 2006, and how her role on a team differs between international tournaments and the WMBA. Plus in Sue's view, I answer your questions about the Yukon documentary that came out. Make sure to check out Birds Eye View on YouTube and wherever you get your podcasts. Speaking of Trump, the Republican national committee's first ever midterm national convention is this week tomorrow on Thursday. Unlike a presidential nominated convention, there's no actual party business or nominations to attend to, which means it's shaping up to be basically kind of a Trump rally style event. Trump is slated to speak both nights. What are you expecting from this kind of Trump appelluzum? So I was at the RNC in July 2024. It was actually my first week back from maternity leave, like talk about being thrown in the deep end, and it was,

19:45you know, days after the Butler assassination attempt. And Biden was still the nominee, and I remember thinking like, we're so fucked. Like it was so cohesive. Everyone was on the same page. All the people who attended were walking around like they were at Disneyland, right? And they had the different, you know, the different contingents from the various states. There was an error of invincibility about it, which ended up being true, even though the transfer happened and Kamala became the nominee. And we did have a good DNC. We were both at that as well. But I even said, when we were talking the DNC, like it did not match the energy of what was going on at the RNC. And it was this coming together of, you know, scorned J6ers who thought that they were robbed, but also normy Republicans who felt like the Biden years were catastrophic, right? And that we

20:46needed a real change in direction, a new economic plan, new leadership on the global stage, etc. And so you look at the contrast from that event, which even, you know, a dyed-in-the-wall liberal can feel was electric versus what is going to be happening in Dallas the next couple of days. And it's like total deflation. So they have, they cancel tickets. They have now have a lottery for free tickets, including front row tickets and VIP meet and greet kind of events. The speaker list is just what you'd expect. And basically his whole cabinet, I love the Todd Blanche is speaking at a political rally. I understand that the guy is just a political appointee at this point, you know, with confirmation, but that he's there to do Trump's bidding. But there is something about having the attorney general speak at an RNC that just hits different, right? Then the HHS secretary or commerce or whatever. I was really interesting. There's a woman who I was following on Twitter who,

21:53you know, real hardcore, mag-a person organized the same America rally on January 6, like a true believer type person who is fuming over the fact that the GOP is not paying attention to the fact that they have a woman problem, which I feel like there are always like five women that are screaming this as we head into an election. But she pointed out that the speaker list has 47 people on it and only five are women. That doesn't surprise me, but it's interesting that it's sticking out to folks. Politico went out and surveyed 70 GOP House members to ask if they were going 45, said that they weren't going to go. Even big names like James Comer, for instance, isn't going. I thought this was interesting from Tom Barrett. He's a Michigan Congress person, has a tough seat that he is defending. And he said, I just felt it, I'd be more useful in my district. I travel a lot for this job. And if I can be back home and see my family and do the job back home as well, then that's sort of what I'm lean toward doing. And then they ask him if the president's remarks

22:54would cause problems. He says, I can't control what the president's going to say. It's a convention, but I can control where I'm at and what I'm doing. And another Republican who didn't give his name because being anonymous when you call it a quote waste of time is probably better, said the planning's been a mess. And you shouldn't have to rally your base at this point. You should be trying to convince independence. Independence are not attending or watching the midterm convention. Totally true. And I love this. I think you will tell James Talleriko, his counter programming for this. He's doing a grocery drive, distributing thousands of groceries to Texas families who are struggling with rising prices. Yeah, I thought that was really interesting. The it feels as if again, the analogy here is Trump has become political Chernobyl and that is don't get near or you'll eventually get leukemia. And I just hilarious single the gymnastics and you know, explaining that these Republicans excuses they're making for not finding time to go to this this gathering. And I do agree that the Republicans have done a better job

23:57around events than the Democrats. I went to the 94 convention. It was earned in the 96 convention for Democrats in Chicago. And then I went back again for this latest convention. I hadn't been in what is that 28 years. I don't think I knew that I went with Kara. And I got there and they called me and said, there's a problem with your credentials. You're not going to be able to get in. You haven't cleared security. And I thought, God, what did I, you know, someone's edibles showed up in the wrong place. And I did all these what I thought were funny TikToks from the Nobu hotel saying release me. Finally, I didn't get in. But the Republicans do events better. What I don't get is I think this is an opportunity now to business opportunity. But it feels as if we're sort of desperate or jonesing for a great kind of what they do at CPAC. A great. We have so many compelling, articulate personalities right now who are all of a sudden deciding shocker that, oh, well, I'm in South Carolina because I'm running for president governor Newsom. And by the way,

24:58really well received there. Mayor Pete is always compelling. J.B. Pritzker is putting together a pack. He's clearly run. I mean, there's all these compelling voices. Rahman manual is actually talking about real ideas. And it feels like we're jonesing for there's an opportunity to have I think they should have counter programmed an event. I think it would have been so much more interesting with potential democratic nominees. I think it was a big, a missed opportunity on behalf of the Democrats because I do think Republicans have done events just much better than Democrats over the last several years. Yeah. I mean, I know that they considered it. And there are actually a bunch of people who have been thinking about this counter CPAC idea like Molly John Fast in particular. I know and I've spoken to her about that. You know, Democrats, my understanding is really felt like that they need to be about the work right now and not to be seen as, you know, folks going

25:58and also celebrating something was still two months to go, you know, it's like hard to hit that messaging properly. And I think also a lot of the swing district Democrats want to be on their campaign trails. Right. Like they don't want to necessarily be seen smoothing around with 2028 potential hopefuls. Like maybe it'll feel like a reminder of 2024 past promises. Like it's a big turn the page moment. But it has always been strange to me that for all of the awesome Hollywood bonafides that we have, right, the people who identify as Democrats, fundraise for Democrats, etc. That then our events can fall short of those things. And I mean, looking back at it now, you know, remember how thrilled we were obviously with like the January 6th committee hearings, which were, you know, beautiful and hyper produced and things like that. And then people look back and they're like, oh,

27:00shit, like we didn't really get anything out of that, right. People just, they didn't care that much actually about January 6th. And they, you know, show up to vote because school supplies are up 40% or not. I think it's a misopportunity. I think if you put everyone from AOC to Senator Kelley on stage, you would get some great clipable moments that would highlight just how strong our team is. I don't think I've seen a bench for Democrats this strong. My point is every, I think, I think right now the Democrats have never been more telegenic and showbeth, and shown better. I just think that putting them in one place, tapping into their Hollywood roots, getting the right production values, getting the right moments to write, up lit, you know, hero shots have a soft come out and do his Camelot thing, have, you know, have, have a Governor Shapiro come out and talk about Pennsylvania and what's like them be sheer to talk about

28:01leadership in a red state or a purple. There would be so many clipable moments. And then you contrast it with what is just going to feel like a sad lame party that no one's showing up to, which I just think the contrast would be really striking. And so my opinion, a real misopportunity. I just realized also we don't have any money and they have a ton of money. Maybe that was part of it. I bet they could raise the money. I bet they could do it overnight. Like if you're sitting at the DNC right now and you're like, oh, this is historic bad situation in terms of what the RNC has. No, you're right. So just along those lines, you bring up an important point. The party is flush with cash. The Republican Party National Committee has a ton of money. And basically the Democrats have none in debt. What's interesting and you pointed this out is that the candidate's themselves are raising a shit ton of money. It's just that it feels like the leadership of the DNC is in a word incompetent and can't raise money. And this is a real issue.

29:08And I'm wondering, what have you heard? I feel as if I'm woefully out of touch here. What's happening at the DNC? I kind of party headquarters. They're kind of riding the bad press out. I mean, there has been some discussion about layering Ken Martin's leadership. There's nothing to be obviously heading into the midterms. But I think there are going to be a lot of folks who feel like there will need to be new blood in that position for 2020. So it's been a bit of a law after a slew of very, very bad press surrounding parts of the autopsy that didn't get published. Even though that story actually was much of a muchness, but it certainly hit the proverbial airwaves. And folks feeling disappointed that at this time, when there are record numbers of Democrats and also independence that are unhappy with the direction of the country and the Republican Party, that they can't fundraise. And how the offs and the talericos and the shared

30:12browns of the world can be pulling in tens of millions of dollars, but that people don't feel like our infrastructure is worth trusting with those dollars. You'll get like, you know, we spend two billion dollars to lose in 2024. And when you look at the spreadsheets of, you know, where some of that money went, people are like, actually, I, you know, I trust worry Cooper more personally to decide how he's going to spend that money or Mary Pultola or Tory Jackson, which I don't think is a bad thing, honestly, to send a message. One thing to also bring up that this convention will be going on on the one-year anniversary of Charlie Kirk's assassination. So that will be a big plot line, just very, you know, tough harrowing stuff that, you know, something like that could happen here and to, you know, a young father. But I'm sure that that will be featured very prominently in a lot of people's remarks and trying to make

31:13that part of the conversation going into the election again, right? That the left is a bunch of violent predators. And that takes attention also off of prices and the war in Iran and terrifors and, you know, the Donald Trump is up tweeting AI images of him. I'm just throwing that in there. I guess I did imply that they would be using it in some way. And I'm not trying to diminish at all what happened to Charlie and how terrible it is. But it does stick out to me, you know, the timing of it. Yeah, look, I think we have a correct and dignified zeitgeist where we, we err to the upside on people's legacy after, after they've died, especially with the murderous horrific as Charlie Kirk and he deserves a lot of praise for his courage going right on to campus and trying to foster a really important dialogue.

32:15But also I don't, at some point I don't think you got to put away the lipstick on the pig. And that is I think the legacy of Charlie Kirk is not a good one. And it's this false non-data-supported notion that fertility rates and happiness are inversely correlated to a woman's professional success. Charlie Kirk and his acolytes evangelized and and promoted this lie that when women go to work and develop economic security in the same success men have enjoyed and aspired to that somehow the results and depression and loneliness and the data just doesn't support that fertility rates go up with a woman's income. And so I think as much as his death is horrific, as much as I think he deserves real credibility and praise for how he approached politics, his legacy is a damaging one. And that is this what I think is this baseline misogynist notion that when women try to garner some of the same success men have

33:19enjoyed and enjoy the rights that they have fought hard for that somehow that results in them being lonely and unhappy. It just isn't true. Women being successful results in greater fertility and greater options and not needing to hang out or be economically indentured to someone because their rights have been denied to them or incorrectly conflated with some sort of loneliness that yeah, if you get a graduate degree ladies you're going to end up in Lexipro alone. The data does not bear that out and that quite frankly I think will be his legacy. We are getting way off track here. I'm going to reel us back in and go across the globe to the Middle East where in Israeli newspapers reporting the Prime Minister Benjamin Netanyahu personally warned was personally warned by UAE President Mohammed Ben Zayed that Hamas was planning a major offensive roughly 10 days before the October 7th 2023 attack just thoughts on the implications of this news with respect to the

34:25conflict in the region today. I think it's a really big deal. Yeah. And I mean we'll see how much coverage it gets. I mean it was just bubbling as we were you know doing finishing touches on the rundown for today but that's the kind of reporting and from a very credible source that stops you in your tracks and you know the Netanyahu administration has said it's an absolute lie. That's also what they said about the reporting that Egypt warned Israel days before the attack three days before and a US congressional panel chaired by a Republican by Mike McCall who is no rhino or anything like that that was their finding that Egypt had warned them. So now you have the UAE and now you also have Egypt and there are elections coming up next month in Israel and I imagine that this is going to have a very big impact on it you know there are certainly wide swaths of Israelis and I believe it's still a majority opinion that they have been you know happy with how

35:31he prosecuted the retaliation after October 7th but what he was doing in terms of trying to subvert the Supreme Court there trying to silence you know free expression and it independent judiciary and how people generally feel about him they're ready to turn the page and I think seeing something like this and there will no doubt then be more reporting to come out of the intricacies of these warnings and there are some people that I follow from the national security community that have you know flares that have been going up for not just three days or a week and a half before but years before because Sinwar did not plan this in a couple of months this is like you know I mean it's not the same scale as 9-11 as we approach the 25th anniversary this Friday but I'm saying this is the type of thing that takes that kind of planning right and that people spend years thinking about and I don't know my heart really sank when I saw that because your

36:37mind goes to the potential worst case scenario which is that he kind of shrugged his shoulders at this and just said like either it's going to be a lot smaller than we think or it's going to be isolated to the settlements which that was part of the reporting that's what he thought would happen but you start to think like even if they had no warning, Mossad taking eight hours for a response doesn't feel like that right like Mossad is one of the most the most efficient fighting force security apparatus whatever the right term for it is even tail-hoeing comfortable I am even that that's kind of reporting excess and the damage that it does also to the region there are a lot of parallels between Israel and America in my view one you have two old men basically running for president prime minister to stay out of jail and that you could argue that both Israel is the superpower in the Middle East and the US

37:39the superpower globally are in the midst of superpower suicide and that is the terrible decisions and aggressiveness and alienation of allies and the absolute erosion and destruction in our brands respectively globally are going to be terrible for future generations of Americans in Israelis I think Netanyahu is almost as Ramamaniel said put a target on every Jew in the diaspora someone who is very thinks of themselves as very pro-Israel it is becoming increasingly difficult to defend the actions of Netanyahu that this is I mean this has become such an the poor the poor decision-making and the the clinging to power of Netanyahu has been disastrous for Israel and and the real pain isn't going to be felt for 10 or 20 years because if you look globally when I was 25 Israel were the good guys it was in Tebbi it was Munich it was an incredible decisive

38:41military operations they quite frankly knew when to stop and pull back and we've become when I say we Israel and by larger association Jews have become the bad guys and three quarters of people my generation support Israel three quarters of a younger generation does not support Israel and at some point those people are going to have the reins of power around decision-making and so there are few people who've done more damage long term to their nations than President Trump and Prime Minister Netanyahu and after the attacks of October the 7th I decided to go to Israel and so I went to Israel and I did a tour of the Gaza envelope and the effect it could put as I want to could put I think was Faraza and I thought I was going to feel real sadness and I felt some of that but more than anything I felt anger towards Netanyahu because as I learn more about how this whole thing played out first off the listening agency of the Mossad discovered that in the hours before

39:47the attack the days before the attack that 1500 plus members of Hamas had switched their SIM cards to SIM cards that would work in Israeli territory they knew they knew something was going on and then when you see the field and you see the envelope and you can literally look over from the cabooots into Gaza and this is going to sound unfeeling I'm like how the fuck were they're not helicopter gunships out here within about 11 minutes taking these taking Hamas out because this was the deal in my view Israel the Israeli populace had with Netanyahu and that was you are way too extreme we are uncomfortable with the alliances with the far right you have struck that do not represent the broader populace to maintain power but in exchange the populace believed okay this guy is a hawk but he will keep us safe and as Israelis that is a key consideration that was the deal this guy is an extremist he's out of touch he may even be a criminal but he as a former military man

40:51will keep us safe and guess what he did not October the 7th should not have happened and when you do a tour of the Gaza envelope they still have not answered the question how the fuck did they let that happen how did they let the devastation the violence and the abject of gravity take place with what is one of the most sophisticated militaries and intelligence units in the world he failed dramatically there needs to be a reckoning and I hope it's more than just at the ballot box and by the way gold in my ear was considered one of the greatest female leaders of the 20th century she came to power because of the reckoning of another military failure where the is do the Israeli public's credit they are good at doing an honest appraisal and having a reckoning but October the 7th deserves its own reckoning of how what an incredible military and defense and intelligence failure it was every living cell in every living thing is related

41:56we're all part of the same tree of life now scientists are trying to make a new tree of life building their own cells out of non-living chemical parts and hope that it comes to life to create new technologies that will help our economy that will help the climate but they have to navigate the risks there is the potential in what we do to be mad scientists if you have a cell that can be engineered to do whatever you want you could make something harmful suddenly we're talking about something which could be a catastrophic threat to life on this planet so do you fear us more than the people who made nuclear weapons life from scratch is a new three-part series from unexplainable listen wherever you get your podcasts or watch us on Netflix so like any good millennial I have a love hate relationship with Gen Z it's the phenomenon

42:59rattling millennials they just look at you they want something bigger themselves lifestyles a priority motivation is being inspired but regardless of how you feel about Gen Z it's undeniable that they're changing national politics generation Z is increasingly showing less loyalty to traditional political parties many now more likely to identify as independent so what is going on with the kids I think the biggest misconception about Gen Z's politics right now is that all of a sudden they're all socialist that is just not the case yeah yeah they are embracing candidates who are offering new bold ideas in the absence of those ideas from establishment Democrats this week on America actually Gen Z researcher Rachel Gemphazza joins us to separate Gen Z fact versus fiction it's not rocket science and this is you know I keep saying like young voters aren't that complicated after all it's pretty simple catch us every Saturday on YouTube or wherever you get your podcasts you've DMed me at 2am asking if you should panic about your 401k you've paid an advisor a thousand

44:02dollars for one question you've googled what is a rollover for the 10th time and still aren't sure on this week's episode of net worth and chill I'm revealing my biggest secret I finally built something to help address your finance woes it's called Astali short for dollar and it's about to become your newest financial companion Astali diagnosis your financial strengths and weaknesses answers your toughest money questions and makes economic news headlines actually relatable and connects you to real human certified financial planners so anyone can make the right financial move regardless of their bank balance no jargon no judgment no you don't have enough assets for us I'm breaking down exactly how Astali works and why I built her on this week's episode of net worth and chill you're not going to want to miss this listen wherever you get your podcasts are on youtube.com slash your rich bf f all right Jess we have only a little bit of time so we'll do kind of a lightning round here mcconnell and stay at home parent tax credit program thoughts on either

45:04mitch mcconnell would you please stand up I mean now we're hearing that he should be back sometime in September like nothing new except how unacceptable this is and that the people of Kentucky are being deprived of representation which is not fair I don't really think that he's dead though I think we would have to know at this point but I think you said it last week that you think that he's really not functioning when they say he's in rehab this has gotten so ridiculous and such it's such a another indication of how badly we need term limits and age gating or at a minimum some sort of cognitive testing some mcconnell is a senior senator representing Kentucky he's a huge voice he can't show up for votes right now if you had the CEO of a company who hadn't shown up for 90 days and no one could could verify that he was actually able to speak about 45 days ago we were we would have already had a new CEO you can't let this go on you can't you can't let someone just

46:09call in not they don't even call in sick their representatives calling and no one knows what's going on for 90 days this is this is beyond insane and then again just moving out of the child care thing the subsidy again similar to everything we do in housing it's focusing on demand it's not a it's a basic lack of understanding of economics and that is rather than giving people access to low interest loans or first time home buyers credit or low income housing tax credit that creates more demand which increases prices this is a supply problem we need more child care we don't need sure give people money so they can afford it but all that does at the end of the day when you artificially give money or create demand on both housing and child care all you do is raise prices and make it less affordable again this is another subsidy for the people who already have money it's like the one thing I hate is or I have real issues with the school vouchers because basically

47:11what it ends up being is a gift to people whose kids are already in private school as a subsidy and I feel this is the same thing again the government decides to juice demand without addressing the real problem and that's supply well they're also taking money that's already been appropriated for people who actually need it I mean this 12 billion dollar child care and development fund which is from the 90s it's a Clinton era fund is currently helping 1.3 million children per year people who have working parents and they need to get them into a daycare most of those families are single working mothers the the saints of our society so I get it that JD Vance wants a you know a pro family win when they head to the ballot box but it is rare to get condemnation of a policy from all corners of the ideological spectrum but this one is managed to do it so hardcore Republicans don't like it because it's another quote unquote government hand out right and they want smaller government some of them even did admit that you'd be taking it from low income

48:15families because it's not like we're appropriating more money so hat tip to you who you know the five of you that actually cared about poor people then they also pointed out that people who are here illegally could apply for it so this would be going to the children of illegals and you know how the Republicans hate that even conservative think tanks are saying like we yeah we want to support stay at home parents for sure but this isn't the way to do it you can't have them competing for the same dollars that are already being used and frankly there aren't enough of those dollars anyway think about that a 12 billion dollar fund considering how hard it is out there let alone for these single working parents and liberals are pointing out as I just said you know the main problem with it being that you're just taking money from a kind of family that you might not like or you frankly you might not vote for you and give it to someone who you think that it will it is interesting to see like Rachel Campos Duffy secretary Duffy's wife who

49:16co-host Fox and friends she likes this policy because she thinks that it's pro family and conservatives that were pushing back are arguing oh this is the slippery slope that's where we get to oh we should just fund Obamacare subsidies because this will help people and that's how the two parties just become these massive spenders and I'm like your party already spends more than us anyway like look at what Donald Trump does. It was your point paying one parent to not work as a subsidy for a certain type of nuclear family value system restructure it does nothing for childcare capacity it doesn't create a single new daycare seat while 400,000 kids sit on wait waitless again the the proposal here is a demand side proposal which doesn't buy a single new classroom which is the real problem the problem here is supply with that Jess let's leave it there