Episode Transcript
Transcripts are displayed as originally observed. Some content, including advertisements may have changed.
Use Ctrl + F to search
0:00
When you're running a small business, sometimes there
0:02
are no words. Ha ha!
0:04
Yes! Ah! Woo hoo!
0:08
But if you're looking to protect your small business,
0:11
then there are definitely words that can help. Like
0:14
a good neighbor, State Farm is there. And
0:17
just like that, a State Farm agent can be there to
0:19
help you choose the coverage that fits your needs. Whether
0:22
your small business is growing or brand new, your State
0:24
Farm agent is there to help. On
0:27
the phone or in person. Like a good
0:29
neighbor, State Farm is there. IBM.
0:56
Let's create. I'm
1:03
Anu Subramanian from Vox Media. While
1:05
I see them all around the city, I've
1:07
never ridden in an autonomous vehicle myself. I
1:10
do have some questions about the tech. You may as
1:12
well. Hello,
1:14
from Waymo. This experience may feel
1:16
futuristic. This is so cool. Vox
1:20
and Waymo teamed up for an in-depth
1:23
study about AV perception. And what they
1:25
found was that, as people learned more
1:27
about Waymo, their interest in choosing one
1:29
over a human-driven vehicle almost doubled. Person
1:31
approaching. Waymo can
1:33
see 360 degrees and up to 300
1:35
meters away, which helps it obey traffic
1:38
laws and get you where you're going
1:40
safely. Swiss Re
1:42
found that, compared to human drivers, Waymo reported 100
1:45
percent fewer injury claims and 76
1:47
percent fewer property damage claims. And
1:50
speaking of safety, folks identifying as
1:52
LGBTQIA and non-binary showed the highest
1:54
interest in AVs, and women showed
1:56
the greatest increase in interest after
1:59
learning more. more. So that
2:01
actually felt totally normal. AVs
2:07
are here, and the more you know, the more
2:10
exciting this tech becomes. You
2:12
can learn more about Waymo, the world's
2:14
most experienced driver, by heading to waymo.com.
2:19
Welcome to Raging Moderates. I'm Scott Galloway. And
2:21
I'm Jessica Tarloff. Jessica, we're
2:24
Raging Moderates with an emphasis
2:26
on the term raging. Raging
2:29
all the time, yes. I
2:31
mean, I don't know if other people will think we're Raging
2:33
Moderates, but we're here to tell you why we are Raging
2:36
Moderates. What does the term moderate
2:38
mean to you? Moderate just
2:40
means anything that's around the center.
2:43
That's what it is. Around the center of an issue.
2:46
A lot of people like to identify themselves as
2:48
politically moderates. That's kind of like the center left
2:50
or the center right of each party. But
2:53
I think that it really comes down to
2:55
how you're feeling about a particular issue at
2:57
a particular time and that
2:59
that's what it means to be moderate. Yeah.
3:03
I like to think it means we're not part of a cult. But
3:05
occasionally we could acknowledge the other side. That
3:08
was too. Yeah. And
3:10
what are your objectives if this was a
3:12
win, if this podcast gets huge traction? What
3:15
are you hoping to accomplish here? I'm
3:17
hoping to have a lot of
3:19
really thoughtful conversations about where society
3:22
actually is and that maybe folks
3:24
who are running for office or an
3:27
elected office will take note of the
3:29
fact that the biggest voices, the biggest
3:31
coalition is actually around the center of
3:33
these issues and that they'll start
3:35
acting accordingly and also to draw those lines between
3:37
what's going on in the political sphere and what's
3:39
going on in the real world because it's all
3:42
intertwined. I mean, that's really what
3:44
you do so well. Let's talk about what's
3:46
happening in the business and in the markets
3:48
and how it's all part of one big
3:50
conversation. I
3:52
like that. I mostly just want power.
3:54
I'm hoping that we aggregate so much influence up
3:56
and down ballot. I think you have enough power
3:59
already. that we basically become the ultimate
4:02
king and queen makers and that
4:04
tomorrow belongs to us, Jessica. Okay,
4:07
let's bust right into it. In today's
4:09
episode of Raging Moderates, we'll be breaking
4:12
down the latest polling, our thoughts on
4:14
the proposed economic policies, and
4:16
what to expect from the 90-minute debate
4:18
between Kamala Harris and Donald Trump. So
4:20
with that, Jessica, we've
4:22
officially entered the election season and a
4:25
block coming up between now and November
4:27
5th. Can you walk us through how
4:29
you're thinking about the latest polling, which
4:31
essentially shows Harris and Trump are neck
4:33
and neck? Yeah, so there
4:35
is... I mean, the first component of all of
4:37
this is that I'm fundamentally depressed that this is
4:39
a neck and neck race. I feel like every
4:41
time Donald Trump's on the ballot, you just think,
4:43
how is it possible that this could be close?
4:45
And yet it is, which is reflective of the
4:47
general theme of why we're here, to talk
4:50
about the moderate middle and where the
4:52
election is actually going to be won. But
4:54
it was a big polling weekend because the
4:57
New York Times-Ciena poll came out. Everyone always
4:59
goes bananas over it. It's actually... So
5:01
it's an A-plus quality poll, and
5:03
it's been the most friendly to Trump
5:05
consistently. When we started
5:08
seeing these results that he was winning
5:10
upper teens of black support, that he
5:12
was doing well with Gen Z voters,
5:14
that Biden and now Harris
5:16
were softer with female voters. That was all
5:18
coming out of the New York Times-Ciena poll.
5:21
So it's obviously something that makes you sit up
5:23
and listen. And this was the same. It was
5:25
just like the July poll. Similar
5:28
margins, same soft spots for
5:30
Kamala Harris. And
5:32
you could see, if you went on
5:34
any social media over the weekend, you could
5:37
see all of the Democrats absolutely losing
5:39
their mind. The bedwetting has commenced again,
5:42
which is the end of
5:44
brat summer, I guess, that we're all a
5:46
little less coconut-pilled, but a little bit more
5:48
realistic about the challenge in front of us.
5:51
Do you think... I've heard a lot
5:54
of fears that polling doesn't constantly
5:56
underestimate Trump because there's a lot
5:58
of closeted Trump voters. Do you think
6:00
that that still holds or the
6:02
people are no longer embarrassed about endorsing Trump
6:04
and they're no longer closeted? I
6:07
mean, he's lost a lot of elections, which I
6:09
feel like people don't talk about enough. He won
6:11
the big one. He won in 2016. But
6:15
since then, he's been a big drag on
6:18
down ballot tickets, obviously on his own ticket,
6:21
losing in 2020. And
6:23
so I'm not willing to say yet
6:26
that the three to five percent of Trump voters
6:28
that were closeted, which is what it was in
6:30
2016, that it could be that enormous. I
6:33
think there still are some what we
6:35
consider kind of normal people
6:37
or people that we run into more
6:39
who aren't diehard Trumpers that are persuaded
6:41
by a tax cut, for instance,
6:43
or might think he would be better for
6:45
Israel. And I want to talk about that.
6:47
There was a poll of Jewish voters that
6:49
I found fascinating. But
6:52
in general, I feel like people are pretty
6:54
much out there at this point. And this
6:57
election for Trump, win or
6:59
lose, is kind of, it
7:02
should be his last hurrah, right? He should
7:04
not be running on the top of the
7:06
ticket. If he loses again, he'll be 82
7:09
years old at that point. Or last
7:11
thud, right? Or last thud. Well,
7:14
that's the hope. I mean, he'll still try to play
7:16
kingmaker with other races, but this
7:18
is the crescendo moment of the Trump
7:20
era. And I think that people are
7:22
out there for it. What
7:24
strikes me is it's almost sort of comical that
7:27
we do these national polls because quite frankly, they're
7:29
meaningless. It really doesn't matter what these,
7:31
I mean, I guess they reflect momentum, but all
7:33
we really care about is
7:35
the choice, the polls in what,
7:37
five or six states. And in those states, as far
7:39
as I can tell, the majority
7:41
of them, she is up. And in some, she's
7:43
up by two, three points. I mean, if you
7:45
look at the national polls, okay, it's neck and
7:48
neck. I wonder how much of this is the media
7:50
wants to Jones up a closer race and make
7:53
it seem more heated and tighter than it is. And
7:55
I do think it's tighter than I would
7:58
have thought, but that when you
8:00
look at the swing states or when you look
8:02
at what is actually going to decide this election,
8:04
we should not report national polls. It just doesn't
8:06
make any sense. What does the picture look like
8:08
across the swing states? Well, first
8:10
to the national poll, in defense of
8:12
national polls, they're just a snapshot
8:15
in time. And I think that it is
8:18
important to continually gauge yourself as you're going
8:20
along and to look at those trend lines.
8:22
That's why forecasts are so interesting, right, to
8:24
see like where Biden was, then what Harris
8:26
has been able to do, how Trump is
8:29
moving around and he is doing better than
8:31
a lot of people expected. And he's coalescing
8:33
the base in a way that we hadn't
8:35
expected necessarily considering the primaries and all of
8:38
the Nikki Haley support that
8:40
we were seeing. So I think it is important
8:42
and also to draw the contrast. So we already
8:44
talked a little bit at the New York Times
8:46
poll, but there was an ABC Washington Post poll,
8:49
which is also an A plus pollster, and they
8:51
had Kamala Harris ahead by six with likely voters.
8:54
That contrast also important registered voters versus
8:56
likely voters. It's very different, like to
8:58
have an opinion versus I have an
9:00
opinion and I'm actually going to go
9:02
and vote. But you're
9:04
totally right about the battleground states. It's all basically
9:07
within the margin of error. And something that came
9:09
out in the last week or two that I
9:11
think is really fascinating is basically
9:13
Trump is zeroing in on one strategy. If
9:16
you look at where he's spending money on
9:18
advertising, he's got one route that he's heading
9:20
towards and Kamala Harris is still spreading it
9:22
out. She needs the blue wall, but she's
9:25
interested in the Sun Belt. They really think
9:27
North Carolina is in play for
9:29
them. So it's been fun
9:31
to watch them kind of go in
9:33
their different directions, see how they're trying
9:35
to achieve a win in those places.
9:38
But yeah, razor thin and it could be even thinner than
9:40
2020, which we know took
9:43
days to properly call and then
9:45
months of litigation, though I won't
9:47
call it proper litigation, whatever Rudy
9:49
Giuliani and Jenna Alice were doing
9:52
certainly wasn't proper, but it went on
9:55
for a long time. And
9:57
on the issues. So, I
12:00
love that she actually calls out the prices of
12:02
things in speeches and says, I know that your
12:04
bread is 50% more than
12:06
it used to be. But
12:08
he's, you know, people are holding onto
12:11
a bit of nostalgia about
12:13
the Trump era in that specific way. We'll
12:18
be right back. My
12:23
dad works in B2B marketing. He came
12:25
by my school for career day and
12:27
said he was a big roe-ass man.
12:29
Then he told everyone how much he
12:31
loved calculating his return on ad spend.
12:34
My friends still laugh at me to this day. Not
12:37
everyone gets B2B, but with LinkedIn, you'll be
12:39
able to reach people who do. Get $100
12:42
credit on your next ad campaign.
12:44
Go to linkedin.com/results to claim your
12:47
credit. That's linkedin.com/results. Terms and conditions
12:49
apply. LinkedIn, the place to be,
12:51
to be. With
12:54
supply chains becoming more complex, you need
12:56
to stay on top of the latest
12:58
logistics developments. So if you
13:01
work with logistics, you need the Beyond the
13:03
Box podcast from MERSC. It's the
13:05
easy way to keep up to date with
13:07
everything from digital disruption and logistics to the
13:09
need for supply chain resilience in today's market.
13:14
Find out more and keep ahead of
13:16
the game with the Beyond the Box
13:19
podcast on logistics insights at mersc.com/insights. Hey,
13:22
Sue Burt here. I'm Megan Rapinoe. Women's sports
13:24
are reaching new heights these days, and there's
13:26
so much to talk about. So Megan and
13:28
I are launching a podcast where we're going
13:30
to deep dive into all things sports and
13:32
then some. We're calling it a touch
13:35
more because women's sports is
13:37
everything. Pop culture, economics, politics, you name it.
13:39
And there's no better folks than us to
13:42
talk about what happens on the court or
13:44
on the field and everywhere else, too. And
13:46
we'll have a whole bunch of friends on
13:48
the show to help us break things down.
13:50
We're talking athletes, actors, comedians,
13:54
maybe even our moms. That'll be a fun
13:56
episode. Whether it's
13:58
breaking down the biggest games or addressing the
14:00
latest headlines, we'll be bringing a
14:02
touch more insight into the world of
14:04
sports and beyond. Follow a touch more
14:06
wherever you get your podcasts. New episodes
14:09
drop every Wednesday. Well,
14:16
the economy was strong during his era.
14:19
And the interesting thing, there's kind
14:21
of a weird dynamic in the sense that
14:24
when the price of diapers goes up,
14:26
you blame the administration. When your salary
14:29
goes up, you credit your own character
14:31
and grit. The fact
14:33
that actually now wages are increasing faster than
14:35
inflation, which is a good thing, the
14:38
administration gets no credit for it. Because
14:40
that's because I'm awesome. Whereas
14:42
when gas prices or something else go up, by
14:44
the way, I think it's just hilarious that anyone
14:46
assumes the president has any control of gas prices.
14:49
But anyway, they blame the
14:51
administration for prices going up. And
14:53
again, they see their
14:55
raises well deserved. I agree with
14:57
you. The thing I would hammer on, and
14:59
I'm curious to get your thoughts, that I
15:02
taught economics and I taught graduate micro-macroeconomics.
15:05
And one of the
15:07
few things that all economists kind of
15:09
agree on is that tariffs are
15:12
basically attacks on the consumer. And
15:15
his current line of thinking, and
15:17
I don't think the Democrats have done a very good
15:19
job of exploiting this, and it's weird to be lecturing
15:21
Republicans on this issue, because they're
15:24
usually very much anti-tariff. His
15:26
narrative is, look, these people have taken
15:28
advantage of us. And to his credit,
15:30
I do think he accurately highlighted
15:32
the asymmetry in terms of a trade relationship between
15:35
the US and China during his administration. I think
15:37
he was right on that. But
15:39
he's saying all these firms, all these countries are
15:41
taking advantage of us. We're gonna
15:43
put in some instances, a hundred percent
15:45
tariff on their products. And
15:47
what will happen according to Donald Trump? It'll
15:49
make our products more competitive. There's less
15:52
competitive, because theirs will be more expensive.
15:54
Meaning more jobs will return to the
15:57
US, because we'll be more competitive relative
15:59
to these foreign. difference
20:00
between political asylum and actually being
20:02
in a mental asylum. So
20:05
I think that these things are
20:07
actually with Trump, like always
20:09
like the most base thing that they could
20:12
possibly be. And I hope that she
20:14
flips the script on it and talks about how effective
20:16
they have been in using economic
20:18
sanctions versus penalizing the American
20:20
public with tariffs. So
20:24
let's talk a little bit about childcare because I'm not
20:26
sure people really
20:28
understand what are
20:30
the policies on. So
20:32
basically Trump is saying, I'll find a
20:34
way to create additional revenues such that
20:37
we have better childcare because childcare is childcare
20:39
according to Trump. And he was trying to
20:42
give the notion that I think it's
20:44
important, I'm in favor of it, and
20:46
I'm gonna raise the money for it. We need by
20:48
taxing these nations
20:51
with their asymmetric unfair
20:53
trade relationship. What is,
20:55
can you outline cuz I don't know the answer,
20:57
what is sort of Harris's plan around childcare? Yeah,
21:00
well, the most important part
21:03
of it is obviously the paid family leave as
21:06
the baseline for everything bringing back
21:08
the child tax credit, which cut
21:10
poverty in America by 50%. It's
21:14
astounding that that happened in a couple
21:16
of years and something that people are
21:18
really hankering to bring- Poverty across children.
21:20
Across children, yeah, child poverty, yes, no.
21:24
And then there's the stuff that
21:27
comes in with walls as
21:29
well with the school lunches. We have
21:31
universal 3K and pre-K. I'm
21:33
treating this as a bigger bubble of
21:35
just raising children than just the childcare
21:37
front, but they also wanna have universal
21:39
daycare, which is something that
21:41
JD Vance, of course, has railed against in
21:43
some unearthed clip from 2021. It's
21:46
kind of amazing that he won his race for
21:49
Senate. There have been a lot
21:51
of people that have been picking on Tim Ryan. Why
21:53
were you not going after him with all of
21:55
these horrendous things that he'd said? And Tim
21:59
Ryan's team has to- I
30:00
think it should be, I don't want to say difficult to
30:02
start a business, but I don't think it should be easier.
30:05
I think there'd be easier ways to
30:07
get to this. The thing I
30:10
really don't like about Harris's economic
30:13
policy is around housing.
30:16
Whereas if you're looking to buy a house, and I think if you're a
30:18
first-time buyer or whatever, you get $25,000. To
30:20
me, that is just massively
30:23
inflationary. That just means starter homes everywhere go
30:25
up by $25,000, if not more, because you
30:27
can borrow
30:30
more against that. I
30:32
don't understand how that helps. I love
30:34
her ideas around making it
30:37
easier to issue more housing permits. Probably the reason
30:39
housing prices have gone up so much is we
30:41
took housing permits out of the hands of local
30:43
officials and put them into the hands
30:45
of homeowners who get very concerned with traffic once
30:47
they have a home. But
30:49
I don't see how giving $25,000 to
30:52
new homeowners is anything but
30:55
inflationary and just going to do exactly the
30:57
opposite of what they want to do, and
31:00
that makes housing less affordable. What
31:02
are your thoughts? This is a tough
31:04
one, because I feel like it's a
31:06
total campaign season policy, right? And everyone
31:08
wants the good feels, and
31:11
they want to hear all the
31:13
right things about home ownership and
31:15
how important it is to the
31:17
quality of life for everyday Americans,
31:19
right? You have better schools, safer
31:21
communities, more small businesses, your favorite.
31:24
I guess you said there were going to be too many,
31:27
but you want people that are investing in their community and
31:29
small businesses the way that they're doing that. And
31:31
so it sounds really sexy to say, I'm going
31:33
to help you do this. Now, everybody knows that
31:35
just means the price of houses are going to
31:37
go up another $25,000, right? So
31:40
if you're buying a $400,000 house, it's going to be $425,000. What
31:46
will be interesting to see what the
31:48
banks are doing with all of this, if
31:50
it actually goes through as a policy? And
31:52
I feel like it might be one that
31:54
falls by the wayside if and when she
31:56
gets elected. But
32:00
I've... I think it's also one of them to
32:02
kind of return to the point of being here
32:04
in this kind of raging moderate
32:06
middle when you see how aggravated people have
32:08
gotten about student debt relief even, which
32:11
is something that I think you can make even
32:13
a stronger argument for helping people out with, maybe
32:15
not wiping out hundreds of thousands of dollars of
32:17
debt, but certainly for people who have had Pell
32:19
grants, people
32:21
who were scammed 100% to get their money
32:24
back. But, you know,
32:26
folks who went to do something and
32:28
took on this big undertaking, maybe they wanted to
32:30
go be a doctor and they don't go to
32:32
one of the medical schools where Bloomberg's just going
32:34
to wipe out your debt, that they should get
32:36
a bit of help there. I think that resonates
32:39
better with the American public than getting just $25,000
32:41
towards you being able to buy a house. I
32:46
would push back a little bit in that as someone
32:49
who borrowed money, as someone who's
32:51
deeply involved in education. I've
32:53
just always had trouble with the idea of two-thirds of
32:55
the Americans that didn't have the opportunity to go to
32:57
college, bailing out the one-third that did.
32:59
So let me be clear. I think if
33:02
you're going to go be a doctor in a rural community
33:04
or a low-income community, or you're going to go into nursing
33:06
or teaching where we're having a tough time attracting people, some
33:09
sort of federal programs to release student debt is important.
33:12
I would like to see my school, NYU, and every other
33:14
school be on the hook for 20%, 30%, 50% of bad
33:16
debt. So
33:18
we stopped loaning $200,000 to philosophy majors who go
33:21
on to be baristas and then can't pay
33:23
this debt back. It should be
33:25
dischargable in bankruptcy. But
33:27
there's something uncomfortable about... You
33:30
could argue the third of the American public that gets
33:32
to go to college is arguably the most advantaged third.
33:35
And there's some really terrible situations where me and
33:37
my colleagues prey on people because we want to
33:40
make more money. And that
33:42
needs to stop. But three-quarters
33:44
of a trillion dollar bailout,
33:46
what Biden proposed of
33:49
student debt to me... And the worst thing
33:51
about what I hate about student debt relief
33:54
is it shrinks the tumor of student debt, but
33:57
it doesn't go after the cancer. And the cancer is
33:59
the following. we
34:01
are just charging too much goddamn money. I
34:03
think it sucks to be a grownup. And I
34:05
think the people on the hook for student loans
34:07
should be really angry at their university and
34:10
that we need to stop this torrent,
34:13
this typhoon of cheap credit that
34:15
keeps driving up the
34:17
cost of education. So I really
34:19
don't like student loan bailouts.
34:21
And my sense is they were found to
34:23
be illegal. They were, yeah. Well,
34:26
there are ways around it. Are
34:28
there? I mean, there
34:30
are policies, there are Department of Education
34:32
policies, which is how the Biden-Harris administration
34:34
has been able to give
34:36
back so much that
34:38
allow for it. But yes, I mean, the
34:40
Supreme Court gave it a big hell no
34:43
to just wiping out people's debts. I
34:47
think as an extension of what you were saying though, you
34:49
know, school, yes, it's too expensive. And I have
34:52
two little kids with the beginnings of their 529s.
34:55
And I just can't really fathom how
34:58
much money is going to have to be
35:00
in those accounts for them to be able to go to the
35:02
four-year college- A million bucks at this point. That's
35:05
even worse than what my financial advisor said. For
35:08
both of them, only half a million each. Unless they
35:11
come to NYU and then it's more than that. Well,
35:13
if the podcast really works out, then everything's gonna be
35:15
fine. There you go. You're set, you're done. After
35:18
this one episode. But I
35:21
feel like it's time, especially with, if
35:23
it's going to be Connella the prosecutor, and if she's
35:25
going to talk about things like price gouging, if she's
35:28
gonna talk about her experience going after
35:30
the big banks in California, I
35:33
wouldn't mind some sort of policy
35:35
platform about going after universities. And
35:38
especially these ones that are sitting on
35:40
endowments that are, you know, being propped
35:42
up by investing
35:44
groups, you know, that are doing their two and 20s
35:47
or whatever it is. And they're sitting on
35:49
billions of dollars and they're not helping students
35:51
out. Maybe because they know that the administration
35:53
might do that in the end, or most
35:55
likely because they don't care. And
35:58
they're like, well, you're gonna have a degree. says
36:00
Harvard or whatever it is. And now state schools
36:02
are even, you know, for a
36:04
regular person, astronomically expensive. But I would love
36:06
to see that. And I think that would
36:08
be popular across the board. You know, if
36:10
you're looking for a policy that everyone can
36:12
glom onto, if you said, I'm gonna
36:14
go after the universities that are stealing
36:16
your money and giving you in some cases
36:19
worthless degrees, you're gonna end up like the
36:21
barista that you were mentioning. I,
36:23
you know, landslide. Stay
36:27
with us. Donald
36:32
John Trump isn't the most disciplined
36:34
politician in the world. For
36:36
evidence, take a look at how he's run
36:38
against Kamala Harris for a month or so. He's
36:42
called her dumb. I don't have a lot
36:44
of respect for her. Intelligence. Beautiful. He looks
36:47
like the most beautiful actress ever to live.
36:49
A communist. All we have to do is
36:51
define our opponent as being a communist or
36:54
a socialist or somebody. He thinks she laughs
36:56
weird. Have you heard her laugh? That
36:58
is the laugh of a crazy
37:00
person. That she'll cause the stock market to
37:03
crash. In one post, he said, quote, stock
37:05
markets are crashing, job numbers are terrible. We
37:07
are heading to World War III and we
37:09
have two of the most incomitant, quote,
37:12
leaders in history. And that she was
37:14
mean to Mike Pence. The way she
37:16
treated Mike Pence was horrible. It's unclear
37:18
if any of these insults are getting
37:21
Trump closer to a second term as
37:23
president. So on Today Explained, we're gonna
37:25
ask, what would, how Trump could win?
37:28
Coming up on the show. This
37:31
week on Prodigy Markets, we speak with
37:34
Brad Gerstner, founder, chair and CEO of
37:36
Altimeter Capital. We discuss his reaction to
37:38
Nvidia's earnings, the current landscape of the
37:41
AI industry and the details behind his
37:43
new initiative, Invest America. Getting
37:45
kids in the game from birth
37:48
dramatically increases financial literacy, increases the
37:50
probability they'll graduate from high school
37:52
and college, increases the likelihood they'll
37:54
own a home, increases the likelihood
37:56
they'll start a business. And
37:59
so, all. All of those things
38:01
are social goods that make this
38:03
NPV positive, net present value positive
38:05
in a huge way. You can
38:07
find that conversation and many others
38:09
exclusively on the Prof G Markets
38:11
podcast. What's
38:14
up everybody? I'm Cam Hayward, NFL
38:16
man of the year, six time
38:18
pro bowler, hopefully more pro bowls
38:20
and Steelers team captain. Tap in and
38:22
listen now to my podcast is not just football.
38:25
Every week we'll break down everything from NFL rumors
38:28
to low island while sitting down with
38:30
guests like Michael Keaton and Lil Wayne.
38:33
It's a football-ish show that
38:35
you should listen to now. Subscribe
38:37
now on YouTube or wherever you get your podcasts.
38:42
What are some of the other central points of her
38:44
economic plan? I feel as if she hasn't done a
38:47
great job so far. And
38:49
it feels like quite frankly, a lot of giveaways. What
38:53
about on the revenue side? They're going to raise
38:55
taxes. There's a wealth tax. What else
38:57
are they planning to do? Trump has said he's going to
39:00
tear off the shit out of everybody and that's going to raise a
39:02
ton of money. How is she planning
39:04
to increase revenues other than a wealth tax? It's
39:07
a lot of just
39:09
investing in the community and
39:11
regular. The corporate rate, I
39:13
don't think we'll go up further than it is. I
39:16
think they're toying with, and I
39:18
need to get back on the website, the
39:20
individual rate for the top, the top top.
39:23
Now we're getting into the tippy, tippy, tippy,
39:25
up versus the tippy, tippy, tippy top. I
39:28
think that they are, and this is where
39:30
she's going to rely back on actually the
39:32
good economic news out of the Biden-Harris administration.
39:35
She has to tow that line of this
39:37
is what I think was really good that
39:39
we did. This is what I think wasn't
39:41
so great and I would have advised differently.
39:44
And we'll see how she does that at the debate. So
39:47
before we wrap up here, we have to talk
39:49
about the debate. It's being held, we're taping on
39:51
Monday. Give us, just be
39:53
curious, just riff on what you think
39:55
about this debate, what you're expecting, what
39:57
you think each candidate needs to do.
39:59
to do and any predictions you might
40:01
have. So Trump
40:03
needs to just act like a human
40:05
and that's always been the bar for
40:07
him. And he's failed a majority
40:10
of the time, and I'm
40:12
looking forward to that. There was the big fight about
40:15
whether the mics would be muted or not. And
40:17
countless team obviously wanted them unmuted so
40:19
they could see people really
40:22
coming after her, especially
40:24
when you have the gender dynamic and
40:26
the size differential. A lot of people have been focusing
40:28
on that because she's quite short. And
40:32
he was six four before he started shrinking. I'm
40:34
not quite sure what he is now, but he's
40:37
a big guy. So I think
40:39
for her, and we touched on this a little
40:41
bit earlier in the podcast, a
40:43
lot of people don't feel that they know her,
40:45
especially people who are in the battleground state. So
40:47
I think she's gonna do a decent amount of
40:50
the bio stuff again, but not
40:53
in the mamala way. This
40:56
was what my background is and this is
40:59
how I brought those skills to the vice
41:01
presidency, Senate vice presidency, and now hopefully
41:03
as presidency, and that I am ready on
41:05
day one. And there's a
41:07
new add out focusing on foreign policy where
41:10
I actually thought she was the strongest at
41:12
the DNC in her speech. I thought it
41:14
was incredible. As commander in chief, I
41:17
will ensure America always
41:19
has the strongest, most lethal
41:21
fighting force in the world.
41:25
She's gonna be using the contrast of all
41:27
these folks that worked in foreign
41:29
policy, the generals, et cetera,
41:32
for Trump, who are now saying, I
41:34
can't endorse him. He's absolutely out of
41:36
his mind. We're gonna be less safe.
41:38
She's gonna lean into what a better
41:40
force for good America will be if
41:42
she is the next president.
41:45
But I really hope, and I don't think that we've talked about
41:47
this yet in
41:50
general, like she's not playing identity politics
41:52
at all, which I think is part
41:54
of why she's resonating as
41:56
well as she has and has gotten this to a
41:58
neck and neck race when Biden. and it was on
42:01
his way, I think, to a pretty resounding
42:03
defeat. She never talks about being a woman.
42:06
She never talks about being a person of
42:08
color. She's just Kamala Harris.
42:11
And I think that he, well, he
42:14
would obviously love to be able to be as misogynistic
42:16
and sexist and potentially
42:18
racist as possible. But watching her kind
42:21
of steer clear of those little potholes
42:23
will be interesting. I hope she can
42:25
keep that up. And
42:28
I hope that the moderators really push him
42:30
on explaining things. This is probably
42:32
one of the biggest uphill battles that
42:34
I have on the five, is
42:38
people treat Donald Trump's
42:41
presence. The fact that he's actually just out
42:43
there standing in front of a podium or
42:45
quote unquote taking questions is the fact that
42:47
he's being transparent. But he's not actually explaining
42:50
anything. And now the policy pages are such
42:52
a wonderful encapsulation of this. So Kamala Harris
42:54
has all of her policies with the drop
42:56
downs that explain them. And Donald Trump just
42:58
has a list of his policies. And
43:01
some of them are like deport everyone. Well,
43:04
how are you gonna go around and find 15
43:06
million people that you're gonna throw out of the
43:08
country? So I hope
43:12
that he's really pushed on detail because I
43:14
think that she's pretty wonky
43:16
and will be able to handle that
43:19
well. But she just needs
43:21
to reassure like tens of thousands of
43:23
people that it's gonna be
43:25
okay in Pennsylvania is really important for this. And it's a topic for next
43:28
week cuz I know you have a ton to
43:30
say about it. But I was reading about all
43:32
of the ads that Trump is running in Pennsylvania
43:34
and how they're directed
43:37
at young men. She's
43:40
doing much worse with men than Biden did
43:42
in that New York Times Sienna poll, especially
43:44
white working class men. And
43:46
he's just hammering that. And
43:48
so it'll be interesting to see if
43:50
things like that come up as well. So
43:53
I believe that we're a much more looks this nation
43:55
and as individuals are much more
43:57
looks this some we wanna admit. I think
43:59
looks just. aesthetics. When
44:02
people saw the Reagan-Carter debate, when they
44:04
watched it on TV, they thought Reagan
44:06
won. And when they listened to it,
44:08
they thought Carter won. And
44:11
JFK let them put makeup on him.
44:13
And anyone who watched it thought Kennedy
44:15
won. And anyone who listened to it
44:17
thought Nixon won. I think looks are
44:19
important. And I think that plays huge
44:21
advantage to her. She's an attractive, non-white,
44:23
young woman. I didn't know she
44:25
was short. I've never met her. She actually
44:28
looks kind of... I assume she'll be wearing
44:30
heels, but the fact that she also is
44:32
wearing Converse a lot, you know, she's really
44:34
like, she's a little pistol. Yeah. Really?
44:36
I didn't know that. I thought she was kind
44:38
of average height, so to speak. By the way,
44:40
he claims he's 6'3", 215. John Elway is 6'3",
44:42
215. And so John Elway and Donald Trump, yeah,
44:48
they're mirror images of each other. Same diet.
44:50
I've heard the cheeseburgers. Yeah, physically. Diet Coke
44:52
and ice cream. Yeah. Physically,
44:54
yeah. So I think she wins
44:57
just moment one on that
44:59
count. I
45:03
have a thesis here and I want you to... I want to get
45:05
your reaction to it. And that is... And this plays
45:08
into my bias that young men
45:10
are the only special interest group that have
45:12
been totally ignored recently, who
45:14
are really struggling. And I
45:16
think old men are going Trump. Young
45:19
women are going Harris. I do
45:21
think similar to just as the election will be
45:23
won by a handful of states, I think the
45:26
overlooked crowd here that is sort of up for
45:28
grabs is young men, because there's
45:30
a bit of a myth that young men are all
45:33
fucked up in the head and they're in cells
45:35
and they're angry, and they're attracted to the manosphere
45:37
and Trump. And I think what
45:39
some of the research shows is
45:41
that it's not that they're moving towards the
45:43
Republican party. Gen Z and millennial men actually
45:47
believe just as much in gender
45:49
equality as their female
45:51
counterparts. They're actually quite progressive around
45:53
gender equality. I think what's
45:55
happening is they're not moving towards the Republican party. I
45:57
think they're moving away from the Democratic party. And
46:00
the thing that just blew my mind, Jess,
46:02
was I went on the dnc.org website and
46:05
it has a section that says who we
46:07
serve. And it
46:09
lists 16 demographic groups, everyone from
46:11
the disabled to veterans to immigrants
46:14
to the disabled to Pacific
46:17
Islanders to blacks to women,
46:20
rural Americans, farm, it just, by
46:23
my calculations, they listed somewhere between 70 and
46:25
80% of America. The
46:29
only people they didn't list were
46:31
men. And when
46:33
you are in this, I think the Democratic
46:35
Party is struggling with the same problem that
46:37
the DEI apparatus at universities is struggling with.
46:40
And that is when you
46:42
claim to be explicitly advocating
46:44
and advancing the interests of
46:48
75% of your population, you aren't
46:50
advantaging them, you're discriminating against the 25%.
46:54
And I think that's how a lot of young
46:57
men feel. They just, quite frankly, don't feel seen
47:00
by the Democratic Party. And I don't think
47:02
it would be hard to recapture them. I
47:04
think they are very much pro-life. A
47:07
lot of them have more progressive inclinations. A lot of
47:09
them are turned off by Trump. But I
47:11
think at a minimum, they need to say, all right, what
47:13
are you doing to help my community that
47:15
is killing themselves at four times the rate,
47:18
is addicted at three times the rate, is
47:21
less likely to go to college, is having
47:23
trouble finding a mate because women are dating
47:25
older, quite frankly. Is
47:27
it okay? I just feel like
47:29
a little bit of something, a recognition
47:32
of the problem, vocational programming, expanded
47:35
freshman seats, national service,
47:38
even taking a victory lap around the Infrastructure Act,
47:40
which supposedly the 70% of the jobs are going
47:42
to be for men without college degrees, but they
47:44
don't want to talk about it because they're worried
47:46
it will ruffle the feathers of the far left.
47:48
What do you think about the idea of young
47:51
men being the swing voters up for grabs
47:53
here? I like it. I mean,
47:55
it's a great headline and it'll get you
47:57
a lot of buzz, which we're always
47:59
looking for in life. But I
48:01
think it's also... I think it's true. And
48:03
I actually think it's even more
48:06
base than what you're saying. I think
48:08
that if you said, we don't think
48:10
that you're bound, that
48:12
it would be enough. Like... Yeah, we
48:14
don't think you're toxic. Right. Like, I
48:18
don't fundamentally think that you're broken
48:20
because you're a white dude. And
48:23
it's been interesting, you know, with my
48:26
friends, we all have little kids, and
48:28
a lot of them who
48:30
had sons who
48:32
are worried about what culture
48:35
is going to be like for them. You
48:37
know, these are going to be kids who
48:40
have enough, who go to great schools, either
48:42
a good private school or great public school
48:44
that they're zoned for, are on their way
48:46
to college. They're going to be raised in
48:50
loving households with dads
48:52
that support their moms. You know,
48:54
all the good things, right? They're going to be
48:56
pro-choice. They're going to care about the climate. They're
48:59
going to think that there are too many guns
49:01
on the street and that school shootings are one
49:03
of the most abhorrent stains on
49:05
American culture that there is. But
49:08
they're not going to be spoken to as
49:10
equals. They're going to have to
49:12
do double the work, triple the work to
49:14
be a quote, ally in
49:16
the right way. And I don't
49:19
know if you remember this t-shirt that was
49:21
going around that you would see, like, the
49:23
future is female. And I've seen less of
49:25
it lately, but it really did... What about
49:28
books called The End of Men? Well,
49:31
that too, as the
49:33
corollary to the t-shirt, like, buy my t-shirt and
49:35
then buy this book. And
49:38
I do think, you know, I don't
49:40
know if you're following that horrendous trial in France
49:44
about the 70-year-old woman whose
49:46
husband let dozens of
49:48
men come and rape his wife, drugged
49:51
her. And I think it's
49:54
really interesting in context with, like, the
49:56
default position that men are so bad.
49:58
Obviously, that... as the most extreme case
50:00
in the entire world. But when you
50:03
hear about things like that, and you're
50:05
not gonna hear about a woman that
50:07
did something like that, I
50:11
mean, maybe there's some apparition example of it,
50:13
but you look at things like that and you
50:15
see it just being pumped into the culture
50:17
that men are the ones that are capable
50:19
of these kinds of things, right? Like men are
50:21
the ones that would be doing the bad
50:23
things. I
50:25
think it permeates further than
50:27
it should. Yeah,
50:29
I think it's a big opportunity. So just as
50:32
we wrap up here, who
50:34
do you think regarding the
50:36
debate, who do you think wins
50:38
and why? What do you think the narrative will
50:40
be? Make a prediction, who wins and why? And
50:42
then I'll give you my thoughts. I
50:44
think Kamala wins because I
50:46
think that she has, since
50:48
she's taken over the nomination, understood
50:51
the task at hand, which is
50:53
to message to these raging moderates,
50:56
these swing state voters, to
50:58
make her somebody that is hopeful,
51:01
joyful, and progressive in
51:03
the progress sense of the word, not
51:05
in the liberal sense of the word,
51:08
and that she will contextualize
51:10
a vision for America that's more palatable
51:12
to the widest swath of people. But
51:15
for Trump supporters, he will do fine, but she's
51:18
the one who has a ceiling that
51:20
can continue to grow, and we know that he
51:22
caps out about where he is right
51:24
now. I like it,
51:26
I hope you're right. My prediction is that he
51:28
wins by virtue of the fact that I think
51:30
expectations have been set so high for
51:32
her and so low for him. And
51:35
also, I think
51:37
the coronation, not competition, I don't think
51:39
she's battle tested. I think when you
51:41
have candidates go through the primary process,
51:44
they are quick on their feet, they know how to deflect
51:46
criticism, they know how to see a weak
51:49
point and go after it. I
51:52
don't think she's, I think she's out of practice.
51:54
Anyways, we shall see. Well,
51:56
I hope you're well-being in the nicest possible way. I hope I'm wrong
51:59
as well, I mean, that's sincerely. Anyways,
52:01
that's all for the inaugural
52:03
episode of Raging Moderates. We're
52:05
raging, Jess. We're raging. Raged.
52:08
Our producer, raging. Our producers, Caroline Shagren
52:10
and Drew Burroughs is our technical director.
52:13
You can find Raging Moderates on
52:15
the PropG Pod every Tuesday. Please
52:17
subscribe. We will see you next
52:19
week. Thanks everybody for tuning in. Have a great rest
52:22
of the week, Jess. Thank you.
Podchaser is the ultimate destination for podcast data, search, and discovery. Learn More