4.6 • 1.4K Ratings
🗓️ 12 June 2024
⏱️ 36 minutes
🧾️ Download transcript
This week, Matt and Brian discuss the flood of support Donald Trump has seen from shady rich guys since his felony convictions two weeks ago:
* Why do the owners and executives of big firms feel insulated from consequences for supporting a convicted white-collar felon who tried to overthrow the government?
* Do they actually stand to gain anything from a corrupt, inflationary Trump presidency?
* Can Joe Biden use their support for Trump as a wedge to win back more blue-collar voters?
Then, behind the paywall, we try to assess what’s driving this trend: To what extent are tech and finance bros actually red-pilled, versus just cynically advancing their shared desire for tax cuts? Have they even considered the ways Trump 2.0 would weaken U.S. business, or that they might not actually be able to call in any favors with him? And what, if anything, should Biden do to clarify the stakes for both the billionaires, and the working-class Americans who stand to lose if Trump returns to power. All that, plus the full Politix archive are available to paid subscribers—just upgrade your subscription and pipe full episodes directly to your favorite podcast app via your own private feed.
Further reading:
* Politico on how billionaires learned to stop worrying and love Trump.
* Reid Hoffman on how empowering a criminal would be bad for business.
* ’s book We Got People on the fight between pro-worker populism, which enjoys large organic support, and moneyed interests, which do not—a dichotomy that may be crumbling.
* Brian on why these business elites are so dumb!
Click on a timestamp to play from that location
0:00.0 | Hey, one thing we realized when we finished recording this conversation is that none of the conversation was good and we don't have anything to use as a cold open. |
0:08.0 | It was good. I thought we had a very substantive conversation. We just, we didn't say anything witty or at all funny. |
0:15.0 | Enjoy! |
0:17.0 | Hey everyone, you're listening to a free preview of the politics podcast. |
0:26.1 | In this episode we'll discuss Donald Trump's consolidation of the billionaire vote. |
0:31.5 | Why do the owners and executives of multinational corporations feel insulated from consequences for supporting a convicted white collar felon who tried to overthrow the government? |
0:42.0 | Which of them is truly red pill? who tried to overthrow the government. |
0:42.6 | Which of them is truly red-pilled |
0:45.4 | and which of them are trying to conceal |
0:47.5 | their greedier motive of tax cuts |
0:49.8 | behind a kind of pseudo-populism? |
0:52.3 | Do they actually stand to gain anything from a corrupt |
0:55.8 | inflationary Trump presidency and can Biden welcome their hatred the way |
1:00.5 | FDR did in a climate where Democrats are also a bit cozy with affluent |
1:06.2 | donors and reluctant to impose consequences on that. |
1:09.5 | I hope you enjoy the conversation and if you want to hear the whole thing you can upgrade your |
1:13.2 | subscription to paid at politics.fm. Hey everyone welcome to the |
1:22.4 | politics podcast I'm Brian Boiler and I'm Matthew Eglacius so we're about two weeks out from Donald Trump's beautiful transformation into a felon and I think it's safe to say a couple things about the initial impact of the verdict. |
1:36.6 | First it might have moved polls just a little bit in Joe Biden's favor, but it did not render |
1:42.4 | Trump toxic in the way he was and probably should have stayed after January 6th. |
1:48.0 | And like to the contrary, I think of anything we've seen tech and financial elites respond by almost like riding to |
1:56.2 | Trump's rescue as if they're worried the convictions would send his campaign into a nose dive |
... |
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