Part of the reason for the market bloodbath is because the finance wizzes didn't factor in that Trump would actually do the truly moronic thing he kept saying he would. Their shock over his recklessness is intensifying the crash. Meanwhile, a trio of administration fools trying to defend the tariffs—Lutnick, Bessent, and Hassett—showed there is no grand design to the trade war, White House infighting is getting hot enough that even Elon is subtweeting Trump, and the folks we elected over on the Hill could actually do something to try to stop the market carnage. Plus, new reporting on our government's kidnapping of migrants, Republicans in North Carolina are trying to steal a supreme court seat, and where is JD Vance? Bill Kristol joins Tim Miller for the weekend pod. show notes JVL on the end of the American Age Lauren on the backlash against Dems in major law firms who are bending the knee 60 Minutes segment on migrants sent to the Salvadoran penal colony Tim's 'Bulwark Take' responding to the 60 Minutes report Tim talking with AEI's Stan Veuger about Trump's terrible tariff math The book, "The Captive Mind" by Polish poet Czeslaw Milosz
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Hallo und willkommen zu The Bulwark Podcast. Ich bin euer Host Tim Miller. Trouble inside the Trump Administration. Big trouble in the markets, trouble in the world. It's a bloodbath, in particular in the S&P, which is now at its worst three-day performance since 1987, as Trump refuses to back off his moronic tariff regime.
Here to discuss that and much more, it's Monday, so it's Bulwark Editor-at-Large Bill Kristol. Hey Bill, what's up? Hanging in there, Tim. How are you? I was just talking to your pal Stan Voyger. He's an economist over at AEI, who's been one of the ones who's been stalwart in opposition to Trump's excesses, particularly on the economic side of things and his stupid trade wars.
People can check out over on YouTube on the Bulwark Takes feed about his paper about how stupid these tariffs are. They didn't even do their own math right. And we were joking at the end that... You know, the schadenfreude of watching all the terrible people be wrong and lose money is nice. It's not exactly going to pay for kids' college fund or the retirement home.
You know, so it's mixed feelings.
It would be nice if Trump could discredit himself without ruining the country. I mean, this is the... Ja.
Ich meine, Vorges' Sache ist unglaublich, weil, wie er gesagt hat, er ist sowieso Anti-Tarif, er ist ein Freetrader, aber wenn du es tun würdest, sie sehen es so aus, als ob sie es in der stupestesten, am schädigendsten möglichen Weise gemacht hätten, including the math errors and the kind of insanity of how they calculate this country by country tariff.
So it's really, it is like, let's have a bad policy and then execute it horribly, you know.
You hate to hand it to Elon Musk, but it's not just the AEI. It's not just us at the bulwark. It's not just the Democrats. Even the shadow president is starting to have some concerns about the policy. Are you ready to side with Elon Musk for a second here, Bill? He was subtweeting the president this morning. Some issues on the home front with the shadow president subtweeting the president.
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