Rahm Emanuel
Appearances
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
You have to believe.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Well, I'm doing daily show writing. Uh-huh, uh-huh.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Yeah, I'm working for Centerview, and I do write for the Washington Post, and I'm on CNN. I thought you worked at an investment bank. Yeah, Centerview. Oh, Centerview.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
How's that going? I'm out there with a takeout. When did you join? Yeah. About a month ago. Uh-huh.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Well, there's a six-letter word that a lot of people are saying lately. What's that? Tariffs.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Cash? Yeah, yeah. I mean, here is... I'm going to breathe calmly. Don't panic, because everything's going to be fine. Yeah. 11 weeks and $11 trillion. Out the window. Arrivederci. Shalom Aleichem. Whoa. Yeah, bon voyage. Look at you. Yeah. And we only have 200 more weeks to go.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Yeah.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Yeah, as my father would say, so what could go wrong?
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Yeah, let me try to help you, John. Please. Yeah. So, I mean, I'm just very, I have a Elon Musk measure. What does that mean? How many kids do you have? What does that mean? This is supposed to be a manufacturing renaissance. Manufacturing is going to come back. Screws, next to Apple phones, as you said.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Elon Musk has a 20,000-person factory in Shanghai, a 12,000-person factory in Berlin. When those get repurposed back in the United States, this is an incredible success. Until that time, it's an absolute failure. And what is really, I mean, on a serious note, also driving me absolutely crazy, we had China isolated.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
We had the whole world angry at China for exporting and destroying their economies, and we were going to be their hope and dream. We worked on getting Japan and Korea to align with the United States, isolate China. Now they're working their own economic deal, and we're isolated. It's really the most... Japan and South Korea are working their... Working now with China.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Yes, but they were actually... Number one foreign investor in the United States? Japan. Japan. A million Americans work for them. One of the biggest manufacturing countries that support manufacturing in the United States, Japan. It's the most reckless thing done by a president. I mean, there is natural disasters, human disasters. There's lightning, creates a fire.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
There's arson that creates a fire. This is arsonist.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
You look like you're taking... I'm thinking of how I can do this. I was going to bring some Excedrin for you. Excedrin?
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
He's giving China a get out of jail card. They were in the doghouse with everybody. They were isolating. They were destroying steel plants in Chile. They were destroying steel plants in South Africa.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
But they were also exporting all their economic problems domestic all over the world. Yes. And they had a lot.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Yes, yes, yes. And they were isolated. And they were becoming a problem for everybody. We are going to be the safe haven. We've now become the problem. We've given them a get out of jail card. This is, listen, the way I look at it, March Madness used to be about basketball. Right. Now, it's about the Trump administration. You used to do brackets. Now you do 401ks. And you used to do portfolios.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
I'm telling you, I've literally... He's going to announce. The only thing that I can say good about this is you see all these CEOs on the shows that are all now like, this is crazy, this is insane. I'm going to say, Schmuck, what took you so long? I mean, I cannot believe all these guys running around. Oh, it's the largest tax increase in American history. Thank God for the American people.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
They think this is horrible. They don't? You listen to his people? No, his people. I'm talking about the American people, not his people. It's totally different. Oh, yeah.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
His people are literally, their grasp of the English language is down to four words. Yes, sir, Mr. President.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
I used to, I worked for three presidents. I used to be 6'2". I'm now only 5'8". Your job is to go in the Oval Office and tell them, You're out of your mind. These guys, yes, they go off and they repeat all this crap on TV. You know, Ludnick, the Secretary of Commerce, he makes a used car salesman look like a decent guy. I've never seen anything like this.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
I want to go back to your first point. Please. In your book here, The Art of the Deal, he is the worst negotiator. China never bought anything. They took him to cleaner. North Korea never agreed to anything. He negotiated the trade deal with Canada and Mexico, and then he just blew it up. He's blowing up his own deal. Yeah. He is not a good negotiator.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
When you claim you're a good negotiator, it should cover up the fact that you're a horrible negotiator. You could have done this seven different ways. He picked the eighth way. Right. And the problem is not just, and you are right, he's going to say after Japan or after Israel, I got this deal, and he's going to try to calm the markets down.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
But the fact is the damage to America, nobody will ever trust us. In eight weeks, he's destroyed 80 years of reputation that America built, all of us collectively. All through all the battles, he has destroyed it. And just like your dog, he threw up on the bed. That was my point.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Did you miss the point of the whole story? That was my point. But I wanted to say it my way, and I feel better for being here. Thank you, John. Did you think I just brought that up randomly? No, that was.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
OK.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
No, no doubt about it. Here's we got to own this. Here's the fact, which is we disappointed the country. Now they will stab you in the back. We will disappoint you. And that's just down to where it is. And you get to pick as the American people. That's the good news.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
You ask me. No, but you know, I disappoint you. We got to be honest. When you make a mistake, you got to own it. And that's the only way to be. And here and here and here. No, here's and here's what it is. Yeah. We were just talking earlier. Yes. The Stewart kids and the Emanuel kids, they're going to be good. Loving home, good education.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
And the American dream, they're going to get a shot at it, which is a deal. But in fact, out of Washington, the American people haven't gotten the shot. They've gotten the shaft. And what happened is trying to own a home, trying to basically save for your retirement, save your kid's education and health care so you're not in the poorhouse one sickness away. People are missing medications.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Kids are coming home from college or living in the basement. And the American dream is good for only about 10% of the kids. That's not how we keep score. And we are responsible for not keeping faith with that.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Here's my thing. Here's my thing. Yeah. More than that, because of what happened both in Iraq war, what happened in the financial meltdown. The American people lost their lives, their livelihood, and the elite let them down. There is no doubt that their right to be angry. I have no problem with some of the people that make up the MAGA.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
They have a right to be angry because they've lost the elite, lost faith with them. What I have is all these other executives who've lived large on America. who allow a president to run roughshod over the law, who run roughshod over America, they have no right to that.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
That's, again, placing it to... So let's stay with... No, the Democrats have a responsibility for what they have done with losing faith. You can't let Peoria, Youngstown, you can't let parts of Wisconsin, La Crosse... But we did. No, we did. And that's why the first thing... Sorry. We owe you. No, we do.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
You have to get clean with people, own what we did wrong, and worst case scenario, we then get sidetracked into side issues rather than the main cause, which is the American dream. So how would Democrats bring that back? The American dream is unaffordable. Right. It's inaccessible. Yes. And that should be unacceptable to us.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
And then number two, what you have to do is right now is deal with the fundamentals, OK? No part of America is off from being invested or invested in. You've got to make sure every American has a chance at the American dream, which means it starts first and foremost with education.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Even when we did it. Wait a second, hold on. No, don't. No, wait a second. I've got one. I've got to own that. Okay, number two, you own with the fact is you've got to invest in this country. And we did not do that. We basically let Americans and let the Chinese eat their lunch. And that's not fair.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Yeah, you pointed out, and I agree with you 100% of what we literally did. Passing the legislation should be hard, not actually getting the resource out. On the other hand, let me give you one reverse. Can I ask you? Is this about a dog? No. It's about when the auto industry was on their back. And they were literally, I remember, as the chief of staff for President Obama. Right.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
And we got a notice that there were six weeks left before Chrysler and GM are belly up. And thousands of jobs and thousands of communities were on their back. The United States came in and saved it. And our auto industry came back. So, in fact, there is moments you can point to. You can't get a charging station. You go...
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
You're looking at the guy 100%.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
We saved GM when all the guys that work at GM lost their houses. You're looking at the guy. Well, that's actually, that's cheap. That's not actually true. GM jobs got saved rather than go back. Some people were out here. But you know what I'm talking about. Yes, but you're not totally accurate. This may be the last time I'm asked on the show.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
But on the second thing, here's the thing. We did do, and we saved the auto industry from going under.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
And the second thing is, on that part, and somebody who was in the White House had advocated for Old Testament justice on bankers, because they should have been put into the public square and literally had the crap beat out of them, because they were asking for bonuses when people were losing their homes. And I... No. Now...
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Whip them! Actually, to be honest, it wasn't the Oval Office. Put them in a stockade! It wasn't the Oval Office. It was in the Roosevelt Room. Yeah, they should be beaten up because they're sitting there asking for their bonuses as if they earned a bonus when people lost their homes, their livelihood, and their life savings. That's right.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
And that is where we lost faith in the Iraq war, which is built on deception. The liar's loan that lost people their homes was built on deception. And then you got COVID coming around, and the Democrats sat around and acted like they were scientists and doctors.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
I was the one that called you. When he was with you, I got free time and I actually got the work done.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
The answer is, in the Talmudic way, yes and no. And I'll tell you why. No, yes, I was like... No, no, I feel like... Don't ever say that again. Okay. Or I'll have to give you... I understand. This hand. I understand. I understand. Here's the thing. I, like, sometimes I look around and I literally... I set up a blind trust. You look at these people. They're literally trading.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
They're setting up Bitcoin. I'm like, we were schmucks. We were idiots for doing this. On the other hand... Nobody had ever had an ethics problem in the Obama White House. We did follow the rules of law. America was respected around the world. And we did create jobs. So did we follow it and say, oh, we should have done it audaciously like this and break over?
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
No, because as many... What would you have done, though, if you could? Oh, that's going to... We have to do three more shows. All right. No, but I say to... Yeah. In defense of President Obama... It's not in defense.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
No, no, no. He said... You know, my presidency's a marathon, and I hand over the baton to somebody else to pick up. I actually think he left America better than the one he inherited from President Bush in a whole host of ways. I don't agree with everything. And then you look at this. No, I don't wish we did this. And I'm glad we didn't do this. Was it constraining? Yes.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
But leaving here, literally walking around saying, will be a recession what do you need a 401k for no and then i don't mean i mean to to push things in a way that didn't follow well somebody who uh pushed a number of people yeah known for that that's why i'm that's why i'm asking you this question there are things there's no doubt like what they're about to do let's take this on the budget and say
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Well, $5 trillion in the Texas doesn't cost anything. Well, I'm sorry. Any kid in third grade math, even post-COVID, knows what $5 trillion does cost, okay? I mean, give me a break. So when they sit there and do all this... They got it. You didn't get it.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
I want the dumb children removed. No, wait a second. I think the American people agree with me about bankers getting beaten.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
I know, but I'm only here for 20 minutes, so it feels pretty good. Here's what we need. Okay, but here's, no, the thing is, do I feel like I could, back to your original question, do I feel like we should have done certain things like this? Yeah, but for a guy, I believe in the end of the day, following the rules, playing by the rules is better for the country. Ultimately.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Not just ultimately, also at the time. There were definitely frustrating things. There are things that, what I will say this, is you look at what they did on the courts and how they stacked them versus the way we did it in the sense of the process, full background checks, et cetera. You could have no doubt pushed that much harder and much faster. No doubt about it.
The Daily Show: Ears Edition
Jon Stewart on Trump's Botched Tariff Rollout & Market Meltdown | Rahm Emanuel
Thank you. Thank you. ,,,,,,.........,,,,.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,......................................................................................................... Thank you. Thank you. Thank you. Thank you. Thank you.
The MeidasTouch Podcast
World Leaders Put the Screws in Trump as He Freezes Up
Here's what you should note. Ever since the United States in Ukraine showed a weakness and a vulnerability towards Putin, That very week or a week later, China did an unprecedented naval exercise against Australia, our ally. They had to shut down civilian air traffic near Sydney. They did an unprecedented move against Japan in the Sea of Japan. They did it against Vietnam.
The MeidasTouch Podcast
World Leaders Put the Screws in Trump as He Freezes Up
They did it in the Philippine area, and they did it on Taiwan Straits. So they see weakness. Weakness invites aggression.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
Well, if you have 11 billionaires in your cabinet, what do they know about pain? For a family that can't make it to the 31st of the month on their paycheck and is trying to get it to Walmart or to Target, and they are buying less and less and less, as noted by the Walmart CEO, this is real economics. And I think one of the things that's missed in the past is
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
Those who are doing well, we're actually healthy as consumers. The rest of the consumers in our society, we're actually living in a recession. Our job is to help them economically, not hurt them.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
Yeah, well, look, here's my thing. America today is less safe, the economy is less stable, and our future is less secure. Our obligation, because the middle class have been betrayed, not just now, but in the past, and the American dream, is unaffordable to the American people. It's inaccessible to the American people. And for us, that is unacceptable. We're going to work tirelessly.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
We didn't get here overnight, but we're going to work tirelessly to get us out. And this is an administration not only that has betrayed you, but is corrupt to its core. And that's what I would do. And I would start with things like Social Security. I would start with things like Medicare.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
And I do think we should remember, while there's a lot of focus and energy on Washington, it's kind of a tale of two parties. What's happening in the rest of the country, you can see by these special elections, Democrats at the ballot are strong, vibrant, and aggressive.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
Washington needs to understand that and be strategic in its direction of the demarcation between the Trump administration, the Republicans who are blindly falling in line, versus a party that offers not just, we're not anti-Trump, but an alternative of what we're gonna do for the working middle class of this country.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
make of all this i would take it at two points first japan's the number one foreign direct investor in the united states for the last four years consecutively over a million americans or a million americans work for japanese companies and nearly half of their investment goes to manufacturing so it's a kind of you know we're going to kind of be penny wise and dollar foolish here uh second
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
Japan hosts the largest military footprint the United States has anywhere in the world. It's the only country that has a permanent aircraft carrier. It is the long pole in our deterrence against China in the Indo-Pacific. And so, you know, nothing stays just in the economic lane. It's a relationship. So that means national security, diplomatic support.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
It means political support and it means economic support and integration. Second, imagine this. When the United States wants to put further sanctions on China as it relates to export controls for high tech, the only way it's successful is Japan, Korea, Taiwan, the Dutch stand shoulder to shoulder with the United States.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
They're going to think real hard about whether we should stand with the United States or allow our companies to continue to export to China. So, you know, relationships don't just have one length. It's a series of things you weigh equities against each other. So I think this is very short-sighted in this approach.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
There's a way you could have approached as we did in years past, both when I worked for President Clinton, we did the five pillars on trade, et cetera. Japan now is the number one, as I said, number one foreign investor in the United States. Nearly a million Americans work for them. And of those, half are in the manufacturing industrial space. the exact job we want in the United States.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
Well, let me be clear. It's not like economic relations don't need to be reformed, changed, altered. What we're successfully doing is breaking. Nobody has successfully in this administration yet built. We're very good at the breaking part. The building part, you have yet to see.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
And if the whole idea is that out of the zenith is going to come some new world, as he says, it's going to be Liberation Day. This is a country that has, as I said, is creating manufacturing industrial jobs in the United States. What are you looking at? Where is this zenith? Describe it. Who's coming? Outside of you say it's going to happen. In fact, give you an example.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
Japan has increased, gone from 1% to 2% of their GDP will go to defense. It's going to become the third largest defense budget in the world, United States, China, Japan. 99.9% of that budget is going to go into purchasing equipment. We're going to be the largest. What if Japan decides to start partnering with Europe?
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
That means we're going to lose manufacturing jobs inside the military industrial part of the United States. What if they decide to cut back on the F-35, the Patriot? the cruise missile, and they're gonna say, we're gonna partner and do that with Europe. You're gonna actually lose manufacturing jobs, not gain it. So this is, I know it comes as a shock, sit down, I wanna be able to do this gently.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
And it was historic because it showed a united front and a clear, credible deterrent against China. China was very nervous. Now that we have decided to pull back, step back and beat our allies like their adversaries, China is in the middle of having now had two meetings, both with Japan and Korea jointly on both the foreign policy diplomatic front and also on the trade front.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
So they're going to reap all the advantages that we had built previously. between the United States, Japan, and Korea. And so we're literally hurting not only our allies, but hurting the credibility of our deterrence against our number one threat, China. Sorry about that.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
Here's what you should note. Ever since the United States in Ukraine showed a weakness and a vulnerability towards Putin, That very week or a week later, China did an unprecedented naval exercise against Australia, our ally. They had a shutdown civilian air traffic near Sydney. They did an unprecedented move against Japan in the Sea of Japan. They did it against Vietnam.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
They did it in the Philippine area. And they did it on Taiwan Straits. So they see weakness. Weakness invites aggression.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
You have to be smart about your deterrence, but it is not an accident that both while China is talking to Japan and Korea, which are very important allies, they project our power, they reinforce the basic message of the United States that we are a permanent Pacific power and presence, you can bet long on us, versus China's theory, we're the rising power, the United States is declining power, you either get in line or you're gonna get coercion.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
And in this situation, we built something that is a fundamental restructuring the strategic landscape of the region, enhancing America's credibility of its deterrence. China took note of it. Now, all of a sudden, the administration's walked away from it. And China is stepping into that void and taking all the benefits and all the fruits of our hard work.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
Because your perspective here, you know, needs to be- Actually, watching this unfold in the last 48 hours, I think the Trump administration's national, the moniker on their national security will be dumb and dumber. It'll be the reissuing of an old classic. And I can't I look at this and think about other instances.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
Did you think this was happening when we were planning and preparing for Osama bin Laden? I was in the situation room with the president in the first seven weeks of his administration. We had a meeting in a small situation room, not the big one, on how to handle the pirate situation, which the U.S. ship was taken. And we dealt with it.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
It was four of us, the president, myself, Tom Donilon, deputy national security advisor, and the national security advisor, Mr. Jones. He made a decision on Friday night. That was the execution in a secure area.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
If you had done this when we were preparing to put our men and women's boots on the ground in Pakistan in the preparation for the exercise of the president's plan for the capturing or eliminating Osama bin Laden, there was six months of preparation. Nothing leaked. It was not on a public diet. There was a security. There's a reason you have these plans secure. A, the element of surprise.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
The ability for our men and women in uniform, Air Force, Navy, otherwise Marines, to execute the mission that the commander in chief details them with. That surprise is a piece of your security. If what they're saying is true, that Jeff Goldberg figured out how to get on there on his own, that means China, Russia, and all our adversaries that are trying to harm the United States can get on there.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
So that's crap. So they have earned a reputation as the Keystone Cops. The reissuing of the movie, the moniker on the national security team will be Dumb and Dumber, and you can figure out who plays dumb and who plays dumber.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
One of the things that we dealt with a lot during President Obama's time, and I've There are different moments of different things with President Clinton as it relates to Bosnia, et cetera. But President Obama, when we were picking or selecting targets, leaders in terrorist organizations, there was a process, a very secure process run by the national security that had intel, military intelligence.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
you know, collateral type of damage, weighing different equities. There's none ever. None of it leaked because, you know, God forbid, the heads up was, you know, given to the terrorists to change their patterns, to change how they move, to change the way they communicate. If this had been picked up by Iran, they would change.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
And obviously, if it was successful and it looks like it was successful operation, they would have notified the individuals we were trying to target, the missiles. The person for the Houthis operates their missile program, which is what we're trying to degrade, if not eliminate. And this gets back to something I also said. They talk pathetically.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
using their term, about our allies who actually, the UK, Canada, the 51st state, Denmark, the colonial power of Greenland, the Dutch, Aussies, Kiwis, and Bahrain, have all been part of an operation since January 12th. Those are our allies, standing shoulder to shoulder. The people that are freeloading are President Trump's allies, Russia, China, Belarus, and North Korea.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
They're the ones that the ships haven't been hit. And if you think that's an accident, I gotta bridge over the tigers for every you can buy. This administration doesn't know who an ally and adversary is. The freeloaders are President Trump's allies.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
The allies of the United States of America are the ones that are not pathetic, but actually are risking their own servicemen and women on behalf of the freedom of seas. So the freeloaders are our adversaries. Those defending the freedom of navigation are our allies.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
One of the things, I mean, look, all we know right now is what's broken. And I'm surprised none of the Republicans have said, whoa. If I was in leadership like I used to be in Congress, they have grandmothers sitting on the phone for five hours with nobody to answer that for their Social Security check. They are breaking.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
That is, if your husband dies, you're trying to secure your benefits and your check. They have ruined the system. Now, I think this is going to be a you. It has a potential. there's both a political standpoint and a policy. Politically, the Republicans aren't going to own this. If I were the Democrats, I would press this issue right now on the floor.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
And there's plenty of time to do it while there's stuff about Signalgate, etc. But I would prepare an attack on the way they have hurt our grandparents and their retirement security that they earned. They're sitting on call centers for five hours with nobody picking up the phone. That's also true at IRS.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
So all they know how to do, and remember, I think Colin Powell told George Bush, you break it, you own it. That's going to be true here too. So all we know is what they know how to break. You have yet to tell me where the savings are, and what they've actually, is a better service before.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
Whether that's the veterans benefits, whether that's going to, today you're asking me the day in which we're going to lay off all these people on healthcare. There's going to be massive impacts on cancer drugs, HIV drugs, other types of things, and also delivering services to seniors that rely on Medicare. Seniors and poor people that rely on Medicaid. And so breaking is easy.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
Building, very difficult. And you're going to see that. And the Republicans are going to own it also in the midst of what is a desire by the president for a recession and his economic theme. You think he actually has a desire for it? Does he want a recession?
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
I don't know why he said it, but well, first of all, I don't know if he wants it, but I worked for President Obama when we inherited what's called the Great Recession, and it was this close to going and tipping into a depression. We stopped it, pulled the economy back. I worked for President Clinton, who inherited a recession.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
We worked as an administration, the presidents led them, to pull the country out of of a recession and to then build an economy that became, in both cases, examples of great growth and job creation. This administration, through their tariffs and chaos, are driving a healthy, and we just got today, you're asking me, today they showed the report, the economy was doing well and had forward momentum.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
Tariffs go up, 401ks go down. Consumers have pulled back. And when the consumers pull back, the economy tips over. That's right. And he said, well, there could be a recession. I've never seen anybody be so cavalier with people's own personal economy. and economic security for the working middle class of this country. But he said it. I'm using his words. And his treasury secretary, he's at AC.
The MeidasTouch Podcast
Interview with Ambassador Rahm Emanuel
They basically, oh, that could be the consequence. I don't know. I worked for two administrations tirelessly that worked every day, 24 hours, seven days a week, 365 days a year to get out of a recession and to build the economy. You have an administration that shrugs their shoulders and says, well, There could be a little pain here.
The MeidasTouch Podcast
Yikes! Republicans Blow Up on Live TV over Trump Crash
I don't know why he said it, but well, first of all, I don't know if he wants it, but I worked for President Obama when we inherited what's called the Great Recession, and it was this close to going and tipping into a depression. We stopped it, pulled the economy back. I worked for President Clinton, who inherited a recession.
The MeidasTouch Podcast
Yikes! Republicans Blow Up on Live TV over Trump Crash
We worked as an administration, the presidents led them, to pull the country out of of a recession and to then build an economy that became, in both cases, examples of great growth and job creation. This administration, through their tariffs and chaos, are driving a healthy, and we just got today, you're asking me, today they showed the report, the economy was doing well and had forward momentum.
The MeidasTouch Podcast
Yikes! Republicans Blow Up on Live TV over Trump Crash
Tariffs go up, 401ks go down. Consumers have pulled back. And when the consumers pull back, the economy tips over. That's right. And he said, well, there could be a recession. I've never seen anybody be so cavalier with people's own personal economy. and economic security for the working middle class of this country. But he said it. I'm using his words.
The MeidasTouch Podcast
Yikes! Republicans Blow Up on Live TV over Trump Crash
And his treasury secretary, he said, he said, they basically, oh, that could be the consequence. I don't know. I worked for two administrations tirelessly that worked every day, 24 hours, seven days a week, 365 days a year to get out of a recession and to build the economy. You have an administration that shrugs their shoulders and says, well, there could be a little pain here. Well,
The MeidasTouch Podcast
Yikes! Republicans Blow Up on Live TV over Trump Crash
If you have 11 billionaires in your cabinet, what do they know about pain? For a family that can't make it to the 31st of the month on their paycheck and is trying to get it to Walmart or to Target, and they are buying less and less and less, as noted by the Walmart CEO, this is real economics. And I think one of the things that's missed in the past is
The MeidasTouch Podcast
Yikes! Republicans Blow Up on Live TV over Trump Crash
Those who are doing well were actually healthy as consumers. The rest of the consumers in our society were actually living in a recession. Our job is to help them economically, not hurt them.
The MeidasTouch Podcast
Trump Top Advisor Hides From Press After Causing Crash
I don't know why he said it, but, well, first of all, I don't know if he wants it, but I worked for President Obama when we inherited what's called the Great Recession, and it was this close to going and tipping into a depression. We stopped it, pulled the economy back. I worked for President Clinton, who inherited a recession.
The MeidasTouch Podcast
Trump Top Advisor Hides From Press After Causing Crash
We worked as an administration, the presidents led them, to pull the country out of of a recession and to then build an economy that became, in both cases, examples of great growth and job creation. This administration, through their tariffs and chaos, are driving a healthy, and we just got today, you're asking me, today they showed the report, the economy was doing well and had forward momentum.
The MeidasTouch Podcast
Trump Top Advisor Hides From Press After Causing Crash
Tariffs go up, 401Ks go down. Consumers have pulled back. And when the consumers pull back, the economy tips over. That's right. And he said, well, there could be a recession. I've never seen anybody be so cavalier with people's own personal economy and economic security for the working middle class of this country. But he said it using his words.
The MeidasTouch Podcast
Trump Top Advisor Hides From Press After Causing Crash
And his Treasury Secretary, he said, you see, they basically, oh, that could be the consequence. I don't know. I worked for two administrations tirelessly that worked every day, 24 hours, seven days a week, 365 days a year to get out of a recession and to build the economy. You have an administration that shrugs their shoulders and says, well, there could be a little pain here.
The MeidasTouch Podcast
Trump Top Advisor Hides From Press After Causing Crash
Well, if you have 11 billionaires in your cabinet, what do they know about pain? For a family that can't make it to the 31st of the month on their paycheck and is trying to get it to Walmart or to Target, and they are buying less and less and less, as noted by the Walmart CEO. This is real economics.
The MeidasTouch Podcast
Trump Top Advisor Hides From Press After Causing Crash
And I think one of the things that's missed in the past is those who are doing well are actually healthy as consumers. The rest of the consumers in our society, we're actually living in a recession. Our job is to help them economically, not hurt them.