What Washington Isn’t Saying About War, Gas Prices, and Trump with Tara Palmeri
The Warning with Steve Schmidt
iHeartPodcasts
4.6 • 1.1K Ratings
🗓️ 19 March 2026
⏱️ 41 minutes
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Summary
Steve Schmidt is joined by Tara Palmeri of "The Red Letter" and "The Tara Palmeri Show" to talk about how the Iran war is Trump's single biggest broken promise, and why the U.S. is losing — not on the battlefield, but in the war Iran is waging against the global economy. They dig into the Iraq war parallels, why air power alone can't topple the regime, how gas prices could force Trump to blink first, and why Democratic leaders like Schumer and Jeffries are too afraid to take a real position.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.3 | Guaranteed human. |
| 0:16.0 | Hello, everyone. |
| 0:18.6 | Good Thursday afternoon. |
| 0:20.4 | Welcome to the warning and the red letter. |
| 0:24.6 | Got Steve Schmidt here for everyone who's watching on YouTube. Very exciting. Yeah, it's great to have you. |
| 0:33.6 | Steve, we haven't done this in a while, so I'm really happy that we're here. |
| 0:36.6 | Yeah, it's great to see you. We haven't done this in a while, so I'm really happy that we're here. Yeah, it's great. It's great to see you. We haven't done a collaboration in a while, and it feels like the topics that we were talking about last time have changed completely, and the world is officially on fire, even though it felt pretty much on fire last time we spoke. |
| 0:59.7 | We're in a war in Iran. It's been a few weeks. We don't know when it's going to end, but we know that President Trump has just asked for $200 billion to pay for this more, |
| 1:06.5 | more than we asked for the war in Ukraine in 2022. |
| 1:11.3 | I mean, it feels like we're pretty deep in here. |
| 1:14.1 | And for everyone who has been following the show, Mike Davis was scheduled to join us. |
| 1:20.5 | He's one of Trump's pitfalls, but he canceled. |
| 1:23.4 | So we're just going to go deeper into the issues. |
| 1:25.7 | And I hope you are all down for that because we're going to do a Q&A too. So send your questions, thoughts, ideas. And I will try to get you on screen too. What do you think, Steve? What do you think about the fact that we're about to spend a ton of money on this war? And we don't know when we're getting. So I think there's a lot of different ways to talk about it so i |
| 1:46.0 | guess start with the politics as i spent a lot of my career in in in politics and running |
| 1:52.4 | gains it is the single biggest, not even really close, broken promise of my lifetime. |
| 2:09.1 | It's a, the fundamental premise of Donald Trump's campaigns going all the way back was we were not going to do this again. |
| 2:22.5 | If you go back and if you were to give out gold medal awards for the craziest thing that |
| 2:28.7 | anyone said in 2016, it doesn't go to Trump. It goes to Jeff Bush. |
| 2:38.0 | Jeff Bush is on the debate stage and Jeb Bush has asked a question, Hey, governor, knowing then what we know now, would we have invaded Iraq again? |
| 2:45.0 | And Jeb Bush's answer is basically like, oh yeah, absolutely. |
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