Trump's Japan Trade Deal, Virginia GOP's Bleak Forecast, Where's the Wildfire Relief Money?

3 Martini Lunch

Radio America

Politics, Daily News, News Commentary, News

4.6 • 1.4K Ratings

🗓️ 23 July 2025

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

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Summary

Join Jim and Greg for Wednesday's 3 Martini Lunch as they welcome President Trump's big trade deal with Japan, cringe at the GOP's electoral prospects in Virginia this year, and ask where the $100 million in wildfire relief donations went?

First, they're glad to see President Trump complete a massive trade deal with Japan, with reciprocal tariffs at 15 percent and Japan pledging to invest more than half a trillion dollars in the U.S. Jim says more deals like this and fewer tariff announcements on social media will be good for economic stability and growth.

Next, they groan as the prospects are looking pretty grim thus far for Virginia GOP gubernatorial nominee Winsome Earle-Sears. While GOP nominee Winsome Earle-Sears remains a solid conservative, she trails badly in the polls and fundraising against Democrat Abigail Spanberger. And the Republican running for lieutenant governor is bogged down in controversy that is dividing the party.

Finally, they highlight an effort to track the $100 million that was donated to California wildfire victims in a star--studded benefit concert earlier this year. It turns out the money was given to non-profits but there's not a lot of evidence yet that displaced homeowners are seeing much, if any, money or assistance.

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Transcript

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0:00.0	Welcome to the three martini lunch.
0:04.9	Grab a stole next to Greg Corumbus of Radio America and Jim Garrity of National Review.
0:10.6	Three martini's coming up.
0:13.2	Really glad you're with us for the Wednesday edition of the three martini lunch.
0:17.4	We have so much to get to today.
0:19.1	We're going to try to figure out where all those
0:21.1	donation dollars went to for LA wildfire victims there's a very small news outlet
0:26.6	trying to get answers from the big dogs out there and so far it's a little bit of a
0:30.8	mystery where a lot of that 100 million dollars has gone it's also a odd-numbered
0:36.7	year but there are still elections this year, including
0:39.1	in Virginia, where both Jim and I live, and it's not looking great for Republicans right now,
0:44.8	unfortunately. We'll dig into that. But we're going to start with what looks to be the biggest
0:50.2	plus so far from President Trump announcing those tariffs, pausing those tariffs,
0:55.7	and then using them potentially as leverage to renegotiate some trade deals.
0:59.7	So last night, the president, after striking trade deals with the Philippines and Indonesia,
1:05.1	announced a much bigger deal on True Social.
1:07.9	He says we just completed a massive deal with Japan.
1:12.6	Perhaps the largest deal ever made. Japan will invest at my direction $550 billion into the United States,
1:17.6	which will receive 90% of the profits.
1:19.6	This deal will create hundreds of thousands of jobs.
1:22.6	There has never been anything like it.
1:24.6	Perhaps most importantly, Japan will open their country to trade, including cars and
	...

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