Raging Moderates: Trump’s “Affordability” Agenda—A Masterclass in Backward Economics

26:40It's there to bail out the incumbents when a natural part of the cycle, whether it's war, famine, and natural disaster hits. That is a natural part of the economic cycle meant to transfer capital back from the incumbents who will always use their power for regulatory capture and get richer and richer and richer. So we've essentially said, sorry, not only are you not going to get to buy a house or a stock on sale, as we usually do through cycles, we're going to artificially support these prices on your credit card. So these stimulus, the best investments from the government are basically long-term investments that help the material and psychological well-being of Americans, whether it's universal child care or invest big, bold investments in technology like DARPA or vaccine research, putting that money into universities so they can come up with better forms of chemotherapy and then it spills into the private sector, the pharmaceutical sector.

27:32But the idea of just a straight stimulus outside of a natural disaster, okay, maybe, but you should absolutely means test it because all you really do is take money from future generations because it's always deficit-fueled to entrench the incumbents. So, again, these these economic policies are so short term and it just it just upsets me that people don't have a basic understanding of economics and deficit spending and inflation such that they would say, no, this is a really bad idea. Yeah. OK, thank you. Not to mention the massive fraud that gets committed at these moments. I mean, the small business fraud, the, you know, all the money that went to public schools that didn't get spent as well.

28:19I'm not I don't want to I guess I shouldn't have said it right after because I'm not saying that it's fraud. But to your point, they're not using the money for what it was supposed to be allocated for. Or we overestimated the threat at that moment. Right. Because they obviously didn't need to use it in that way. But our government is going to be clawing back money that people stole from the United States at a moment of crisis for I don't even know how long. I mean, it's disgusting some of the things that people did. and you're right without like a huge crisis moment it is very hard to make the case that we should be doing things like that so i never missed an opportunity to virtue signal let's have it after god a good guy i know i know what a guy what a guy uh talarico call me i'll show you the dark side anyway pre-covid i started a company called section and what section does is it helps upskill corporations to better adopt and leverage AI.

29:18These corporations, Nestle, PepsiCo, spend a ton of money on site licenses from OpenAI or Anthropic, and then wake up six months later, and nobody's actually using it. So section goes in, builds an AI layer, does seminars, courses, and takes different departments and says, this is how you use AI to become more productive and efficient. And we raise in 2019, we raised$37 million. Is that right? Yeah,$37 million. And then our board meeting, first COVID board meeting or second COVID meeting, the CFO comes in and says, I just need you guys to sign here and here. And I'm like, what is this? And it's CARES Act.

29:55All we need to do is sign this paperwork and we're going to get $240 ,000. And all we have to agree to is that we won't lay off anybody for a year. So we just raised$37 million. We were not only not laying off people, we were hiring like crazy. By the way, there was never an audit done. You could, there was so much fraud. You could take the money, fire people the next day, right? And to my board's credit, you know, we looked at each other and said, okay, everyone around this table is wealthy. We just raised$37 million. We don't need this. Yeah, we don't, we don't need this. And a quarter of a million dollars is about, is about what a good public school spends on their entire afterschool programming for the year.

30:37And one of the reasons I'll name check them, General Catalyst, this was not my experience with VCs. They looked at each other and looked at me and said, yeah, that makes sense. We shouldn't take the money. I've never seen VCs act that way. I've never seen them give up a nickel for the Commonwealth. Anyways, but there was so much money. I mean, do you remember Shake Shack was taking tens of millions for their individual restaurants and they brought the CEO and he's like, well, we're all in this together. And he's like, well, why the fuck is you taking money you don't need mean we're all in this together?

31:15So these stimulus programs, I feel as if COVID or the CARES Act or the PPP program were essentially nothing but an excuse to transfer money from the young to the old. And then it would have been somewhat legitimate if they'd said, okay, we were in a crisis here. We need to bail some people out. Fine. We need to overdo it, get it. But now that the economy is really strong and ripping 12, 24 months later, we need an incremental, we need to raise taxes to pay this$7 trillion back. Oh, no, but that never happened. Why? Because Congress is so fucking old that as long as they can outlast the 10 year before it crashes, they don't give a shit.

32:00And the people are going to actually have to pay this shit back. You know, this is going to come. Anyways, we just we're going to take a quick break. But if you're watching on YouTube, make sure to hit subscribe. Our subscriber growth is great. We're still hoping that we need to get to a certain level to attract a certain quality of advertiser. And if you're listening on audio, head over to our YouTube channel for bonus content. Oh, my gosh. I'm teasing it right now. Look at you. David's going to be so happy. Just did a major interview with one of the most famous senators where he got very emotional.

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34:30Welcome back. My man, my man, my general, my little soldier, Governor Newsom is calling out his own party for walking away, that's a direct quote, from the masculinity crisis facing men and boys. Over the weekend, he said rising suicide rates, school dropouts, and suspensions are, open quote, off the charts, close quote. I can confirm that's true. And warned Democrats can't afford morally or politically to ignore it. let's take a listen to what governor newsom said on cnn i'm really proud of the work we're doing with richard reeves and others scott galloway has been a rock star in this space we've leaned in california we did an executive order and we've got a whole team working on the issue the crisis of men and boys uh suicide rates the dropout rates the suspension rates are off the charts you're going to see graduation almost two to one women uh in four-year colleges in a few years This is a crisis.

35:2930-year-old young male is doing worse than his parents did, first generation in history. And obviously college graduates now are having the worst employment opportunities in history. So Trump has done nothing, to your question, literally nothing for men and boys. Is that your favorite voice to hear say Scott Galloway? That guttural gravel? I didn't even hear when he called me a rock star. And I just want to acknowledge to our listeners to listen to have to listen to me host a podcast where I cut to an interview where I get name check is literally shavings of shit on a shit salad. So I just want you to know I'm a narcissist, but I am in touch with my narcissism.

36:11Jess, do you think Governor Newsom or the party more broadly can actually talk about masculinity without it turning into a bit of a, I don't know, a culture war? What do you think is a good strategy? I do. I think that last week the elections were a roadmap back towards this because they weren't actually talking about masculinity. They talked about affordability without social issues. That's the thing is like the only what did you say during the election or afterwards? The only color that matters to people is green. So if you're giving people opportunity, if you're saying, I hear you, I understand what your life is like.

36:50These are the things that I'm going to do to make it better. I'm going to build more affordable housing. I'm going to cut red tape. I'm going to make sure there are apprenticeship programs. You need to get your GED. I'm going to help you do that. I'm going to make sure that there are more mentors out in the field. That's what the California, the executive order that he's talking about there was about unleashing mentors and people that folks could look up to out into the general public to make sure that young men felt like they had someone to look up to and who actually cared about them. Like you can do all of those things without actually having a conversation where you're explicitly saying this is my program, you know, for men and boys.

37:30Right. Your program is to get you on your path to having a good life. And that starts with economic opportunity. And I think that Democrats absolutely nailed that messaging for the elections last week. Just want to say, you know, returning to normal levels with black men, which was one of the big swing categories for the 2024 election towards Trump, Latino men, young men coming back. It wasn't as big as the shift, you know, plus 40 with young women. But in the Mom Donnie election here in New York, it was plus 40 with young men. Right. Who showed up for him. So obviously he was doing something right.

38:09And that thing that he was doing right was saying New York has to be a place where you can afford to live and to have a decent life. So I am optimistic on this front. But you are, you know, mid book tour talking masculinity all over the place. How are you feeling? Well, it's definitely, it's better to be lucky than good. And, you know, I'm kind of going into a storm with my sails up in the form of the book, and there's just a lot of wind. So I've gotten lucky here. This is a conversation that people were kind of ready to have. And I've gotten some really, I think, thoughtful pushback, you know, that these issues are real, but they've been real for women for 3 ,000 years.

38:52and is this just another attempt to check back on the progress of women with sort of a thoughtful argument that basically might arrest the progress of women? And I don't believe that's true. I don't believe it's a zero-sum game. But the reviews of the book are generally kind, but there's generally, like, the driver I saw in the election results was age more than gender or identity. Young people are just fed up, and they just want change. and Cuomo represented the status quo. But I've gotten a lot of thoughtful feedback on things like Scott's answer to everything is for men to be economically viable because he is obsessed with money.

39:34That's a direct quote. And I think there's some truth to that. I've always been, I'm very focused on economic security and on men being providers in a capitalist society. But this woman who's a psychiatrist is saying a lot of these men, if they achieve economic security, if they don't find other means of purpose and self-satisfaction, they end up on my couch. And that also that I recommend finding a girlfriend and that if they don't understand themselves and love themselves first, that they still end up, they end up in bad relationships. And I hadn't, quite frankly, I still think bad relationships are better than no relationship because you learn from them.

40:12And I mean, of course, not an abusive relationship, but just a normal, like, well, we spent a year together and it didn't work out. Yeah, I think that I think that helps you figure out how to behave better or how to be more patient or what you're looking for, what you're not looking for. You know, I think that stuff, I think I got to try on some stuff before you find something that fits and vice versa. I think it's also good to get your heart broken and occasionally break a heart. I was mostly in the former camp, but I've I'm getting a lot of a lot of feedback and some of it is very thoughtful and some of it makes me pause and think about, all right, how do we ensure, I don't know, it's like Dr.

40:52King said, you need to bring along the white poor in this moment. And I'm very focused on how, and so far we've mostly achieved this, but how does the message resonate enough to bring along feminists? Because what I think we mistake sometimes is the center of conflict. And we like to think the center of conflict, because it's easier, is between people of different identities, that this is a fight between the genders do a great job of convincing themselves it's the other gender's fault. And we oftentimes couch men versus women, men's problems versus women's problems. And I think if you actually look at what's going on, it's sort of liberal versus illiberal thoughts.

41:31So Title IX, which lifted women up and said we can't, anti-discrimination laws meant to promote women's entrance or admissions into college when it was 40-60 female to male. Now it's 60-40. There's no talk of affirmative action for men, and I don't think there should be. But I think it's important to acknowledge that 50 years ago when that law was passed, it was passed by electoral bodies that were 97 % male. There's been a lot of men on women's side for a long time, and there's been a lot of women, quite frankly, who are part of the patriarchy. I think Donald Trump kind of represents or the decent evangelist for the patriarchy.

42:07And 54 % of white women went for Trump. And he also has elevated women to enormously powerful positions of power. But that's always the contrast within him that people who like him will point out to me. And I'm like, yeah, both of these things can be true, that he can be a misogynist and Susie Wiles is the first female chief of staff. Yeah. Yeah, but what I would argue is it's not about whether you have women or non-whites in your cabinet. It's about whether you have people who are qualified and, quite frankly, aren't corrupt. It's great to have a female attorney general, but if she's corrupt and is basically acting as personal attorney.

42:44So I just I find that on these issues that it's it's essentially the division here is between liberal and illiberal. It's between people want to go back to the 50s and people who think, you know, we need to advance the rights or be empathetic, whatever the term is. But I think it's really unproductive to continually couch everything. So, for example, I've been thinking a lot about this, that the best thing we could do for young men is just to put more money in the pockets of young people. And the easiest way to put money in the pockets of young people is not increasing minimum wage, but universal child care, which most people associate with a program that somewhat would benefit women more than men.

43:24I don't think that's true. I think it would benefit young families and actually reduce the economic strain and reduce divorce levels and reduce the levels of self-harm among men who seem to be much more prone to self-harm after divorce than women. 70 % of divorce filings are from women. Basically, men have not kept pace with women in terms of their scent. And a lot of women wake up and do the math and say, I'm out. You're neither a provider or doing your job as a procreator. And I mean, helping to take care of the kids at home and support me who, and I'm better at this money thing. They just do the math and they're out.

43:58So I think universal childcare that makes it easier for dual income homes and takes financial stress off of young families in some ways would actually be, you know, as beneficial, maybe more beneficial to young men who benefit more from relationships. Anyways, I'm getting a lot of really good feedback. Some of it hurts. And what I find, and I'll end here, the lesson around feedback is that if it hits you hard and you get defensive, that probably means there's some truth to it. Because it's the criticism that's accurate. I have found I go through this every semester at school. The students give you very detailed feedback.

44:34And when they're paying$7 ,000 to sit in a chair amongst 160 kids and listen to you talk about a strategy or a brand, they will give you very robust feedback on whether they feel they got their$7 ,000 worth. And the feedback that really hurts is the feedback that is accurate, that is that, you know, it kind of cuts to your soul. And so what I've, anyways, my lesson to young people is that if someone's mean or stupid or says something, fine, that should just roll right off you. This person is angry or trying to lash out. But if feedback immediately you check back and you get defensive, it's probably because there's some truth there and you just need to take a beat and absorb it.

45:15Anyways, here you are with with a stare Perel. You didn't know. You didn't know. I didn't know. That's what I was going to get this morning. But I'm thrilled to see you, lady. I love you. I'm glad to hear you kind of, you know, talk about the swirl around the book because obviously, you know, there have been some fancy ink spilled about it like in The New Yorker. And how I see it as someone who identifies as a feminist is that there's this clash going on between traditional feminism and more modern day feminism, which sometimes is called intersectional feminism, where, you know, economic opportunity is the silver bullet that kind of rises all tides, right?

46:02Or that all the tides rise all boats. And this is what Bernie Sanders was arguing against Hillary Clinton in the 2016 election, which is when I became, you know, first aware of this shift going from Gloria Steinem to, you know, what modern day feminism looks like more and, you know, the elements of allyship in it. And I, at least from the New Yorker piece, felt like I don't know how you took it, but I saw it more as contextualizing you and Richard Reeves in the broader conversation rather than attacking you. I certainly have seen people that have attacked you. Yeah, I thought it was quite thoughtful and kind of going through the history of this and where the conversation is.

46:45So I thought that that was, you know, a bit of a feather in your cap. And it's obviously a big deal when The New Yorker wants to write about your book. But, you know, what you said about universal child care really resonates to me, not only as a New Yorker who's hopefully going to get that because it's one of Mondani's, you know, main promises. And universal pre-K was such a boon for our community. And now that plan has been outsourced all over the country. But I feel like when a lot of these, I don't want to just say more traditional feminists, but even when our high end culture is discussing what goes on at home these days, like in the pages of The Washington Post and The New York Times, that they have a very outdated vision of what rearing a family looks like today.

47:32that millennial dads do three times the level of child care work than their boomer fathers did, which is a massive amount. And I am not here to say that it is even Stevens at all. But I mean, you know what 40-year-old dads are like now. And they are as likely, at least the ones that I know, and certainly the one I'm married to, that if they hear a cry, that they're getting up as if their wife or partner is getting up. And I think that that has been lost in the conversation, much to the detriment of all of us, frankly, that are trying to forge a better path where we can have dual income households and earn as much as possible and also enjoy having these families as much as possible.

48:20Because, you know, the moments where I'm alone with my girls, you know, we have a great time and we do girls weekend and it's cute and we have a little dance. But when you're actually with your full unit and everybody is as enmeshed in it or dedicated to it as possible, it hits differently. You know, those moments and you've described it as when the four of you are sitting on the couch watching something together and your legs are all intertwined and it feels like you're really connected to one another, that those are when you're most at peace. That's what you said in your 92nd Street Y talk last week with Ben Stiller.

48:58And it really stuck with me. And I feel like that element of it is kind of missing from some of the discussion around the masculinity crisis or where we are. I mean, your provider, protector, procreator model, you said these are qualities that can be applied to women as well. It really wasn't about, you know, like pushing women down so that men can get up. It was like, how can we all rise together? Or at least that's how I read it. I did an hour-long interview with Nicole Wallace, who I adore, and she asked me for some examples of masculinity or role models. And one of the role models I gave was Secretary Clinton.

49:35She just has this very strong code. It's always been about protecting people domestically, internationally, specifically children. And that's the clip they played at the top. And you cannot imagine. That's where the comments got really ugly. Oh, really? She really inspires a lot of, I just have never understood. Anyways, yeah, it's a, I should bring us back. Do you think that this is a good idea for Newsom, for Governor Newsom? And by the way, he's gone from, on Calci, Newsom's chances of winning the next election are at 21%, and that's up from just 10 % in June. I think he's the leading candidate right now.

50:13Now, granted, you don't want to be the leading candidate. Very rarely has a candidate who's at the top of the polls this early go on to win. Some of the people that were leading, my favorite is some of the people who were leading in the polls in the Republican race. Herman Cain, remember him? I do. Fred Thompson from Law and Order fame. Rudy Giuliani was the leader early on. So you just, it's almost, it's almost, it's not a curse, but you want to be, you don't want to peak this early. And I don't think he's doing that. What he's doing is so necessary that, I mean, the party needed someone to kind of coalesce around.

50:51And he's showing the way on how you can fight back and fight back effectively. I mean, we just got a big win in Utah on the redistricting front. It looks like now it's basically going to be a wash, whatever, even if the Republicans get their best map. and Newsom was the first person to stand up and just say, like, not on my watch. And Prop 50, the margins are crazy. I think it's at like 28 or something right now. So, yeah, I think it's the right thing. I think you can always gauge by how well you're doing with how much the right is attacking you. And I have to talk about that, about Newsom every single day, which means you are doing a good job.

51:30So I think, you know, he's identifying core issues that bedeviled us in the 2024 election. And, you know, we'll see the primary is going to be huge. There are going to be a lot of people up on that stage with very compelling cases to make. But I think that Newsom being able to say, I've been in this fight since Donald Trump got reelected and these are the wins that I can show you up on the board will make him a compelling candidate for a lot of people. And they they respect how hard he's going. We have to talk about James Tallarico being a little horny. All right. But first, let's take a quick break.

52:13Stay with us.

52:21What are you hoping for today in the founders? Scrappy, traction-oriented grinders and hustlers who will blow through every brick wall in this building to get to where they need to be. Welcome to The Pitch, Season 14, where startup founders raise millions and listeners can invest. On this season of the show, 10 VCs, 7 startups, with one shot to build the company of their dreams. Oh my God, we built the entirely wrong product. Two shots to build the company of their dreams. With that intro, let's go. Season 14 is available now wherever you listen to podcasts. So subscribe to The Pitch so you don't miss it.

53:01This season is presented by Adobe. This episode is brought to you by Netflix. From the creator of Homeland, Claire Danes and Matthew Rhys star in the new Netflix series, The Beast and Me. as ruthless rivals whose shared darkness will set them on a collision course with fatal consequences. The Beast and Me is a riveting psychological cat and mouse story about guilt, justice and doubt. You will not want to miss this. The Beast and Me launches November 13th only on Netflix. What was yesterday like in the neighborhood? It was terrible. You know, we lost quite a few people from our neighborhood. someone mentioned in the chat, say, hey, they are targeting vans, working vans and stopping people.

53:48They already stop our landscapers. This week on Criminal, the story of one day in one neighborhood in Chicago and the people living there who try to stop ICE agents from arresting their neighbors. Listen now on Criminal wherever you get your podcasts.

54:12welcome back before we go is just referenced two stories we couldn't resist talking about first in texas democratic senate candidate james tallarico who's built his campaign around faith and moral values is under fire for following several adult film stars and only fans models on instagram his team says it's just part of engaging with high follower supporters ah come on brother come on we feel you. We feel you. Nobody minds it. Nobody minds a little horny Christian man, but it's not exactly the kind of Christian values headline he was hoping for. I got it. I got to be honest, I love the story.

54:47I love him. And in Washington. Right. He was fabulous when he came on. He's so great. He's great. And in Washington, plastic surgeons say Trump world is literally reshaping itself with a surge of requests for what they're calling the Mar-a-Lago phase. I think gold-leafed energy meets Botox maximalism. Surgeons say the look is all about being over the top, a kind of physical reflection of Trump's aesthetic. Jess, let's start with Tallarico following. Why does this make me happy, Jess? Because he's like a normal dude and we've been craving normal dudes. Okay. First off, any guy who spent a lot of time in a church and isn't horny for women, uh okay i should probably keep away from this one this is a good sign this is healthy anyway i promised myself i wasn't going to say anything here what do you what do you think here jess this is the maraschino cherry of the episode you weren't going to say anything like this is the fact that this was a scoop kills me like i obviously in the commercialization of news we have gone too far and everything is breaking news major update and then it's like somebody went to the bathroom but like this of all things to be something that all over social media is so ludicrous and I mean the things that we've seen on the other side that people have you know just accepted I'm not even talking about like I follow some hot girls online but like I literally you cheat on every wife that I've had.

56:22It doesn't even matter if they're pregnant at the time. And the thought was that we were going to get upset about this. I've literally seen not a single negative comment. Adam Mockler, the YouTuber who we both really like posted breaking, James Tallarico revealed to be a chill ass dude. Like he also follows, I think, like 3 ,500 people. It wasn't like he has an account that only follows naked women. I would probably think that was a little bit weird or he should have not had that attached to his actual name. But like, I don't I don't want to be like, boys will be boys. Maybe that's a toxic thing to say.

57:00But who cares? He's like a 36 year old guy likes to look at pretty girls. I'm all for it. Yeah, I don't. I think this actually this actually helps him. And I'm Colin Allred, start following all the naked ladies. I'm convinced that essentially Instagram is either wealth porn or just porn. Or actual porn. I'm convinced their greatest signups are when you porn crashes. It's like, well, I don't got you porn, but I got Instagram. And so I don't, I think this helps him. I think this puts him in the news. I think he comes across as a red-blooded male. I think he's doing exactly what he should be doing.

57:37I don't, you know, I don't think there's anything. I don't think, anyway, I think this helps him. James, we support you. So come back on and show us your friends. Seriously, dude, I'm just so dying to roll with this guy. So the Mar-a-Lago face, what do you think? So this has been going on for a while. And I think it was New York Mag after Trump got elected that did a whole thing on like Republican face. I don't know if they had an actual name for it, but like the Caroline Levitt. And this was how it applied to younger women. But whenever you see those pictures from like a Great Gatsby party at Mar-a-Lago while the government is shut down and people are starving, you notice that they all look the same and not in the good way.

58:23So it doesn't surprise me. It's like they're a Kardashian is Donald Trump. Yeah, I don't know. I mean, my plastic surgeon suggested a scrotum lift. He said it was low-hanging fruit. I couldn't resist. You knew it was coming. You knew it was coming. No, actually, I didn't think that we were going to talk about your scrotum. So my mistake. So let's talk about plastic surgery or cosmetic treatments. I'll go first. I get Botox. I'm actually crying right now. You just can't tell. Do you get Botox? You're on TV. Yeah, I do. Actually, the nurse who was working in the office where I get Botox is a fan of the pod.

59:04I found out. Yes. Do you get numbing cream or no numbing cream? Oh, are you kidding? I'm a dude. I'm the biggest wimp in the world. I show up a half an hour early. I thought you were going to say you don't because you're a dude. I'm like, we're talking about you getting Botox. Women have a much higher tolerance for pain because they have to endure childbirth. Guys and anyone in a plastic surgeon's office or a cosmetic or anyone will say, oh, yeah, the dudes don't do well with pain. I go in and I get fully numbed up. And then my doctor comes in, Dr. Anilic, and makes a few jokes and then throws some needles in my face and charges me$6 ,000.

59:37I also get the Pico laser, which I think makes me look 59 again. And I love him because he's super quick. He's kind of the, I don't know, the cosmetic, whatever, cosmetic dermatologist to the stars. Is he in London or he's here? Oh, no, he's here. Oh, should I be going there? I do like my face a little bit. The thing I love about him is he just kind of comes in. He doesn't even tell you what he's going to do. He's just like, boom, boom, boom, boom. All right, see you next fall or whatever. But it's, yeah, I never thought I would do shit like that. Now I don't. Yeah, you start out, you're like, I'm going to be an academic.

1:00:12I'll wear, you know, blazers with elbow patches. And now you're like, inject me anywhere that you possibly can to make sure that I look. 100%. I was with my partner and she was putting on makeup. She has beautiful skin, by the way. I said, sweetheart, you don't need makeup. And she's like, oh, thanks. I'm like, you need plastic surgery. Stop. Is that wrong? Yeah. Is that wrong? It's really wrong. Okay. She legitimately doesn't need plastic surgery. She has beautiful skin. Yeah. I hope she's listening to that. All right. We'll try and fix it then if she is listening. Okay. Well, yeah. No. My family has absolutely no interest in what I do professionally, which is probably healthy for all of us.

1:01:00Anyways, that's all for this episode, folks. Thank you for listening to Raging Moderates. And Jess, have a great rest of the week. Yeah. Have a great rest of your tour. And then take a nap. Thank you.