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就职典礼访谈:Trump 的用人、民主党重塑及更多——与党鞭 Emmer、Swalwell 和 Khanna 众议员对谈

Tom EmmerEric SwalwellRo Khanna

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TL;DR
  • 3场访谈最终都指向同一个政治重估:Trump 掌握授权,民主党则必须围绕经济能力与尊重成功者重建自身。 Tom Emmer 指出,Trump 获得了7700万张选票,而众议院共和党候选人获得的票数不到7500万,称其为“世代级的基层政治家”。Eric Swalwell 表示,民主党需要“一个能与普通美国人建立连接的故事”;Ro Khanna 则敦促民主党花与批评 Trump 同样多的时间去理解 Trump 选民。

  • 财政窗口立即开启,但承诺中的节支内容,远没有立法日程那么具体。 Emmer 称,内部已审阅的潜在抵消项规模为5万亿至7万亿美元,并将2万亿美元目标设定在10年内完成;他表示,第一要务是止住每年约1.5万亿至2.2万亿美元的财政赤字“失血”,而预算总额为7.2万亿美元。议长 Mike Johnson 的目标是2月初通过预算决议、3月完成委员会工作、4月初在众议院表决,并在阵亡将士纪念日周末前,将包括永久延长2017年 Trump 减税政策在内的调和法案送到总统办公桌上。

  • 两党都看到了工业产能问题,当前争论已从政府是否应当行动,转向政府与私人资本如何分工。 Khanna 认为,中国约1万亿美元的贸易顺差与美国接近1万亿美元的贸易逆差,反映的是“走得太远的自由市场经济”,金融业因此受益,而制造业则被掏空。议程覆盖钢铁、稀土加工、国防初创企业、许可改革以及核电;有主持人称,中国建设核电的成本只有美国的十分之一、耗时只有一半。

  • 大规模驱逐与劳动力供给、工资和增长正面冲突,因而目前更明确的是执行顺序,而不是最终涉及的人口规模。 Emmer 表示,非法居留者不应继续留在美国,但强调应先处理暴力罪犯,并预计很多其他人会自愿离境;一名主持人则反驳称,农业劳动力成本在4、5年内已上涨约3倍,工人也已因预期中的执法行动而开始离开。Swalwell 将替代方案概括为“招募,而不是移民”;Khanna 则支持工资保护、合法路径,以及防止既有工人被困住或遭到压价的改革。

  • TikTok 暴露出本期最尖锐的安全与市场准入分歧。 Swalwell 和 Khanna 反对禁令,理由包括相关企业、130万份请愿签名,以及他们认为并不具有说服力的国家安全证据;Khanna 提议将美国人的数据留在美国,并禁止将其转移给中国共产党。主持人则认为,内容与网络效应可以迁移,但由 ByteDance 控制的“载体本身就是腐败的”,可能使外国对手接触到超过1亿部手机、麦克风、位置数据和信息流。

  • 加密政策正转向更宽松的市场结构,但 Trump 自己发行的迷因币说明,披露仍是尚未解决的风险。 Emmer 认为,规则可以保护传统的两级银行体系,同时给银行时间进入21世纪;对于 Trump 币,他表示“时间会证明一切”,随后暗示如果监管环境允许,人们就应该“放手去做”。主持人则要求提供类似 S-1 的所有权、出售权利和买家披露,警告集中持有与外国购买可能把散户投机变成影响力工具。

  • 加州山火强化了更广泛的政治诉求:选民要的是执行力,而不是意识形态表态。 Emmer 将灾难与被忽视的资源管理联系起来;Swalwell 在火灾仍在燃烧时拒绝发表“热辣观点”;Khanna 则表示“治理重要,执行重要”,包括坦率审视灌木清理与灾害准备。其政治后果可能是,务实型市长和州长的市场重新走强——甚至包括一名社会议题立场温和的共和党人,前提是他们将安全、基础设施和有能力的交付作为衡量标准。

摘要 · 为研究而整理的核心内容

1. 民主党承认:自己的叙事已不再奖励成功

  • Swalwell 的诊断并不是民主党政策缺乏支持,而是该党缺少“一个能与普通美国人建立连接的故事”。他出身蓝领家庭,父亲是警察,母亲做过6份工作;他表示,民主党必须支持创业,把企业成功与工人联系起来,并停止营造贬低成功人士的形象;如果成功本身都值得怀疑,“就没有人能够成功”。

  • 他建议的领导层组合兼具制度性与创业精神:Hakeem Jeffries 已经团结众议院民主党人,并与议长 Johnson 进行务实谈判;Mark Cuban 则仍是一位值得信任的思想领袖,既理解商业,也没有脱离普通人的关切。一名主持人认为,民主党当前的形象要求人们通过意识形态上的“纯洁性检查”;Swalwell 回应称,没有人是完美的,民主党不应让人产生这种压力。

  • Khanna 将这场失利称为“对建制派的巨大打击”,预计党内将要求更具竞争性的程序、新的声音以及代际更替。他给出的改革标准非常直接:民主党应该“花与批评 Donald Trump 同样多的时间去理解为什么那么多美国人投票给 Donald Trump”,然后围绕经济独立、公共安全和有能力的政府重建,而不是诉诸道德优越感。

  • 谈到2024年的崩塌,Emmer 称替换 Biden 是一场“幕后政变”,媒体对其衰退的处理则是“阴谋”,而不是掩盖。Swalwell 表示,在疫情时期的限制措施之后,他很少见到 Biden,没有亲自观察到外界所称的状况,并认为 Harris 只有大约100天时间——对于她,或几乎任何替代人选而言,准备时间都太短。

2. 授权属于 Trump,而不是国会共和党人

  • Emmer 将他所理解的民主党自上而下的控制,与共和党自下而上的选择作对比。他提到 Bernie Sanders 在南卡罗来纳州取得优势后,Amy Klobuchar 等人转而集中支持 Biden 的过程,并猜测超级代表、Barack Obama、Clinton 夫妇、竞选顾问或其他党内力量可能都参与其中;相比之下,Trump 是在共和党建制派之外崛起的。

  • 选票总数定义了 Emmer 所说的权力层级:Trump 获得7700万张选票,而众议院共和党人获得“略少于7500万张”。因此,他对那些声称共同拥有授权的同僚发出的警告是:“Donald Trump 才拥有授权”;真正扩大联盟、把共和党人带过终点线的人,只有 Trump。

  • Emmer 称 Trump 是一名“世代级的基层政治家”,意识到普通民众对政府和官僚“总能比主街获得更好交易”的怨气。在他的表述中,这份授权包含经济修复与能源、封闭南部边境,以及海外的和平与稳定;在推进政治风险更高的改革之前,必须先兑现这些优先事项。

  • 一名主持人将 Trump 的崛起描述为对共和党的敌意收购,并要求民主党赢回那些被其疏远的选民。讨论提到 Joe Rogan 过去对民主党的兴趣,以及 Elon Musk 过去仍有选择空间;一名主持人表示,自己“从未像被 Trump 所属政党那样受到政治追捧”,也从未像被民主党那样感到受憎恨。

3. 调和法案先有日程,后有公开的节支清单

  • Emmer 表示,共和党已经私下审阅了一份总额在5万亿至7万亿美元之间的节支与抵消项清单,但不会披露具体构成。对话将目标设定为10年内实现2万亿美元节支;面对7.2万亿美元的年度预算,Emmer 表示,眼下最迫切的任务是结束每年约1.5万亿至2.2万亿美元的财政赤字“失血”。

  • Johnson 的激进日程从2月第一周前通过预算决议开始,通常需要提前与参议院谈妥。预算决议将为12个小组委员会分配额度;筹款委员会主席 Jason Smith 希望在3月底前完成工作,随后众议院在4月前两周表决,并在阵亡将士纪念日周末前将法案送交 Trump。

  • 预计该方案将包括永久延长2017年 Trump 减税政策。Emmer 强调,Johnson 将决定具体内容,而他作为党鞭的任务是执行:“你告诉我做什么,我的工作就是确保我们把它完成。”众议院多数优势过于狭窄,无法让任何派别被排除在外。

  • Swalwell 欢迎那些能帮助小企业提高效率、清除阻碍性监管,或将联邦雇员到岗与服务选民的结果挂钩的措施。他的条件在于分配效果:如果官僚机构受益而选民没有受益,他会反对;如果支持者能够证明,企业获得好处或企业税率下降可以让人们“过得更好、梦想更大”,他就可能支持。

4. 进行福利改革前,必须先恢复财政可信度

  • Emmer 的财政顺序是先平衡预算,再让债务曲线向下弯曲。他认为,如果控制支出,同时 Trump 的政策改善经济表现并提高联邦收入,美国可以在10年内“相当快地”偿还债务——但他也承认,议员们必须告诉选民,他们可能得到 X 和 Y,而不是 X、Y、Z 全部得到。

  • 谈到 Social Security,Emmer 提出了一种自愿替代方案,但没有详细背书,适用对象是进入该体系、年龄范围尚未明确的人群。参与者可以继续使用传统 Social Security,也可以选择受联邦约束的私人路径,以实现同样的退休保障目标;既有承诺将得到兑现,私人部分则在防止简单提取的护栏下发展。

  • 他认为,政治前提是信任:“当我们拿出成绩时”,共和党才会积累足够可信度去讨论长期偿付能力。Trump 曾承诺不触碰 Social Security、Medicare 或 Medicaid,Emmer 重申了这一承诺,同时为可能改善财政与行政管理的效率改革留下空间。

  • Swalwell 原则上同意政府可以少收、少花,但认为成本驱动因素中应首先审视国防部。如果美国削减直接国防开支,就需要更强的联盟;他也欢迎即将上任的总统支持提高债务上限,并表示民主党更倾向于彻底取消这一周期性约束。

5. 工业复兴需要市场,也需要国家的战略产能

  • Khanna 将停滞的工人阶级和中产阶级社区置于民主党重建的核心。Trump 的答案是大规模减税与放松监管;Khanna 的替代方案则将科技领袖、私人企业、战略性公共投资、地方产业、劳动力资质、医疗保障和托儿服务结合起来。他认为,谁能在“经济和经济独立问题上”确立领导力,谁就将掌控本世纪的政治。

  • 一名主持人提出经典的资本配置质疑:私人投资者追求更高回报,而政府挑选的项目往往产生较低甚至负回报。Khanna 以 Hamilton、Lincoln 和 FDR 为例回应,认为基础设施与制造业伙伴关系曾经建设了美国;一座新的钢厂仍需要 Cleveland-Cliffs 这样的企业,但公共融资可能是其扩大规模的必要条件。

  • Khanna 指出,中国拥有约1万亿美元贸易顺差,而美国背负接近1万亿美元的贸易逆差。一名主持人补充说,随之而来的资本账户顺差把资金导向华尔街,让金融业繁荣,却使制造业城镇被掏空;对 Khanna 而言,这证明“自由市场经济”和全球化已经走得太远。

  • Khanna 接受有针对性的关税,但表示关税不足以恢复美国本土的芯片、钢铁和铝厂。真正的要求是政府与私人资本建立伙伴关系,同时推进采购和许可改革,让项目具备可行性。

6. 许可、采购与核电成本是生产瓶颈

  • 担任稀土与关键矿产党团主席的 Swalwell 表示,美国“被中国打得落花流水”,问题不仅在采矿,也在加工和磁化。他强调 Mountain Pass 使用的水几乎100%经过回收,但也在讨论中承认,类似项目几乎不可能从零开始获得许可;实现战略独立,既需要有效的安全保障,也需要更快的执行速度。

  • Khanna 提议将国防部15%的采购预算留给初创企业和创新技术,而不是把合同集中在5家主要承包商手中,并引用了 Michael Bloomberg 的提案。他还批评 CHIPS and Science Act 与 Inflation Reduction Act 的资金拨付缓慢:已经拨出的资金没有足够快地流动,许可和采购官僚体系削弱了工业目标。

  • 核电提供了最鲜明的基准。一名主持人称,中国建设1吉瓦核电的成本约为美国的十分之一,耗时只有一半,同时新增能源产能的速度是美国的3倍,并具备发展第四代反应堆的路径。Khanna 支持“智能模块化核能”和更安全、更快速的建设,同时承认民主党过去基本上反对核电。

7. 加密现代化仍需要披露与影响力控制

  • Emmer 表示,自由意志主义的声音“对我来说总是胜出”,但也认为加密行业仍需要边界、市场结构和清晰的游戏规则。这些规则可以保护美国传统的两级银行体系,同时给银行时间进入21世纪;加密的去中心化正是央行官员对颠覆和权力流失“怕得要死”的原因。

  • 当被问及 Trump 在就职典礼前约24小时发行一枚主持人描述为300亿美元的迷因币时,Emmer 回答:“时间会证明一切。”他追问是否人人都能发行,随后表示:“如果情况确实如此,那就放手去做。”在他看来,即将上任的 SEC 领导层将彻底改变此前的执法环境。

  • 主持人要求引入以证券披露为基础的保护措施。他们讨论了面向成熟投资者的测试,包括多元化要求、控制一枚币80%份额的各方身份及其出售权利,以及类似 S-1 的持有人和受监管买家披露;外国对手购买代币以影响总统,被单独列为一项风险。

8. 驱逐顺序很清楚,最终规模仍不确定

  • Emmer 回忆《纽约时报》的一项民调称,大约80%的人支持驱逐罪犯、恐怖分子和犯下严重罪行的人;约55%的人支持驱逐所有非法移民。当主持人反复追问是否会涉及全部1500万人时,他回答:“我不认为你是非法的,就应该待在这里。”但他拒绝接受主持人所说的所有人第一天都会被“拖出去”。

  • 他的执行顺序与 J.D. Vance 所说的“先做第一件事”一致:先处理最严重的违法者,再逐步推进其他类别。Emmer 预计,明显的执法行动会促使许多人自愿离境;修复后的合法体系则可以满足未来的劳动力需求,而不必把非法移民当作劳动力政策。

  • 他所支持的众议院边境法案包含5大支柱:完成边境墙、改革假释、改革庇护制度、终止抓捕后释放,以及恢复“留在墨西哥”政策。Emmer 表示,所谓两党法案将这些支柱写入法律,但规定如果没有紧急授权,只有当单日越境人数超过5000人时才会启动行动。

  • 一名主持人给出了经济层面的反作用力:农业劳动力成本在4、5年内上涨约3倍,特色农作物缺少工人,农村劳动力已经因预期中的执法行动而流失。Emmer 则回应称,可以通过合法的外国劳工项目解决,并以 Minnesota 的合作社为例:这些合作社为引入的农业劳工建设住房、学校和一座村庄。

9. 移民改革应为人才定价,而不是把人才困住

  • Swalwell 将移民界定为劳动力与增长问题,称其应当是“招募,而不是移民”。另一名主持人则表示,其选区40%的居民出生在美国以外,而该选区是全美第8富裕的地区,认为移民与这种繁荣之间存在直接联系。

  • Khanna 以一名无证牙科卫生师的经历具体说明执法问题:她已经工作20年,女儿正在读医学院。她的低工资反映了剥削,但 Khanna 认为,驱逐她忽视了移民的需求侧:工人扩大劳动力供给,同时也租房、购买商品,并增加总需求和经济增长。

  • 一名主持人提议,围绕与劳动力状况挂钩的明确年度移民人数展开讨论,并列出4%的失业率、700万至800万个职位空缺,以及每名失业者对应约2个工作岗位。Khanna 指出,合法移民和绿卡每年已有约140万人,但他认为,Johnstown、Youngstown 等地的停滞更应归因于去工业化和产业外迁,而不是某一名被压低工资的牙科卫生师。

  • 讨论将雇主议价能力视为 H-1B 的缺陷:30天的工作转移窗口和绿卡延误可能把工人困住10至12年,使其成为“契约奴工”。讨论中的改革包括设定最低工资、按照工资水平排列签证、要求雇主向共同基金缴纳10%,以及或许给予工人1年时间寻找新工作。Khanna 表示,这类方案是合理的。

10. TikTok 将言论访问权与载体控制权一分为二

  • Swalwell 强调,最高法院9比0的裁决并没有决定 TikTok 是否应当被禁;裁决只是认定国会通过了法律,总统签署了法律,而禁令不存在规避路径。他与情报委员会首席民主党议员 Jim Himes 一样投票反对该措施,并表示自己没有看到任何能够证明所谓国家安全风险的证据。

  • 一名主持人将 TikTok 拆分为内容、网络效应和应用本身。主持人认为,创作者和受众可以迁移到 Meta 或 X,但由 ByteDance 控制的“载体本身就是腐败的”:一款安装在超过1亿部美国手机上的应用,可能暴露麦克风、摄像头、位置和联系人;其算法还可能重塑年轻用户的认知。

  • 主持人警告,这套逻辑可以迅速从 TikTok 扩展到外国汽车、芯片、路由器、充电器、无人机及其他联网设备。因此,安全问题的区别不在于是否存在漏洞——许多美国应用同样可以被黑客攻击——而在于美国当局是否保留对所有者的控制机制。

  • Khanna 引用了130万份请愿签名,以及一名逃离虐待婚姻、目前年收入约6万至7万美元的创作者。他表示,据自己了解,60%的投资者已经是美国人,并提到 Trump 提议由美国持有50%的股份。Khanna 更倾向于将美国人的数据留在美国,并禁止将其转移给中国共产党,同时指出美国数据经纪商已经在出售这类信息。

11. 内阁服从止于报复威胁执行力

  • Emmer 预计 Trump 提名的所有人都会获得确认。他将反对策略从 Robert Bork、Clarence Thomas 和 Brett Kavanaugh 一路追溯到内阁提名人,预计攻击将依次转向 Pete Hegseth、Tulsi Gabbard 和 Robert F. Kennedy Jr.

  • 他为局外人辩护的更大理由是:“不能靠那些把系统搞坏的人来修复坏掉的系统。”这些提名人可能带来陌生的想法,但重复使用华盛顿既有的人事与方法已经失败;国会应当检验这支新团队,而不是仅仅因为其不同就拒绝他们。

  • 一名主持人认为,只要没有人受到对手控制,单纯的意识形态差异不应阻止总统选择内阁人选。Swalwell 给出了分化判断:Marco Rubio 具备成为有效国务卿所需的分量与经验,而 Kash Patel 可能因把精力放在敌人身上而摧毁 Trump 的议程。Patel 的书在开篇攻击中就将 Adam Schiff 和 Swalwell 列为对象;Swalwell 认为,报复会吞噬本应投入边境秩序、驱逐暴力罪犯和社区安全的注意力。

  • 谈到俄罗斯调查,Swalwell 坚持认为俄罗斯偏好 Trump,并采取行动帮助他;但他也表示,Trump 的挑衅可能让自己看起来比实际需要的程度更像有罪。当被问及选择性起诉时,他同意:一个被控轻罪的孩子就应按照轻罪处理,而不是被政治对手构造出一套重罪理论。

12. 众议院多数优势狭窄,参与权就是党鞭的筹码

  • Emmer 估计,约40%的共和党议员会支持 Johnson 放到议场上的任何方案,另有60%的人进入国会是为了领导,而不是追随。党鞭不能只依靠命令;诚实、尊重和尽早参与都很重要,因为这个多数党没有余裕把任何人抛在外面。

  • 他的做法是把中间派与党内右翼分成若干小型闭门小组,审查节支与抵消项。一名来自“红宝石般深红”南方选区的议员,会先听取为什么一名来自纽约摇摆选区的同僚无法投出同样的票,反之亦然,然后领导层才要求双方支持最终方案。

  • 最后的指示没有《纸牌屋》那么浪漫:“你得放下自我。”议员们不必喜欢彼此,也不必社交往来,但选民选出了 Trump 和共和党多数;Emmer 的工作,是在不假装各选区约束完全相同的前提下,把立场各异的议员组织成一个多数。

13. 加州火灾灾难让能力本身成为意识形态

  • Emmer 表示,加州火灾的成因“比右翼和左翼希望人们相信的更复杂”,但他仍将其与被忽视的资源管理联系起来。他举出的例子是 Minnesota 20至25年前发生的 Boundary Waters 风灾:联邦当局阻止州长 Jesse Ventura 提议的伐木行动后,倒下的树木变成了引火物,随后发生火灾。

  • Swalwell 有10位朋友失去了一切,并描述自己曾站在一名女性身旁,看她在房屋灰烬中寻找某件属于全家的纪念物。他支持调查资源缺失、预防失败和问责问题,但拒绝在火灾仍在燃烧时成为那个上周还是“人质专家”、这周又变成“山火专家”的网络梗。

  • Khanna 认为,这是一处更广泛的政治转折:“治理重要,执行重要”,安全与务实同样重要。他认为,质疑灌木是否清理属于正当问题,不应被视为党争;尽管他曾支持 Karen Bass 而非 Rick Caruso,但他表示失望是合理的,洛杉矶需要新的市长领导层。

  • Khanna 将 Daniel Lurie 赢得旧金山选举、Matt Mahan 在 San Jose 的成功视为证据,认为加州人越来越奖励交付能力。他提出 Bob Iger 可能成为公共服务候选人,并警告民主党不能把州长选举视为理所当然:如果一名支持堕胎权的共和党人淡化部分社会议题,选战格局可能改变;不过 Khanna 仍预计会支持一名强势的民主党人。

14. Greenland 考验战略是否必须以所有权为前提

  • 对于一项拟耗资2000亿美元收购 Greenland 的提议,Swalwell 的反应以选民为中心:“他想不想收购 Greenland,我一点都不在乎——我只希望鸡蛋价格下降。”主持人提到安全收益,Swalwell 承认确实存在收益,但希望看到其与降低家庭成本之间的明确联系。

  • Khanna 首先强调自决,并追问所有权能够实现什么,而投资与伙伴关系无法实现什么。Greenland 拥有关键矿产和资源,也允许美国进行投资与开发;在他看来,没有证据表明实现战略目标必须依靠“领土支配”。

  • 一名主持人提出,让 Greenland 成为一个州可以增加2名民主党参议员;随后讨论转向 Puerto Rico。Khanna 表示,Puerto Rico 的地位应由自决公投决定;如果 Puerto Rico 选择加入美国,他将支持其成为州。

Speaker 1

Tom Emmer, we're honored to have you here. You're the U.S. representative from the amazing state of Minnesota, home of Bob Dylan, Prince, the Coen brothers, and Tim Walz. Let's start there: how much of a disaster was the Democratic Party? When you watched what happened with Biden, do you think there was a cover-up in terms of his mental acuity? And what do you think of Kamala Harris's campaign, not doing podcasts, essentially being anointed, and not having a primary?

Tom Emmer

The Democratic Party seems lost and crooked.

I have good friends who are Democrats, so I'm not going to disparage them. First, all of you, thank you. It's nice to be on All-In. I've heard everybody's heard about it, and everybody wants to be here, so it's just nice. You promised you'd listen to it after this, right?

Speaker 1

I actually listened last week. Sadly, it was about the fires.

Tom Emmer

The way they did this was wrong. Ballot access is a big thing. You have to run for months, get delegates, and make your case state by state. You have to meet certain requirements to actually end up on the ballot.

How were the Democrats able to remove Joe Biden, literally in a backroom coup, and install Kamala Harris in a matter of hours or days? They avoided any convention where real democracy could take place, where people debate their candidates and where they're at.

As to your other question, was there a cover-up? A cover-up is when you don't see it, when you don't know about it, when you're totally unaware. This wasn't a cover-up. This was a conspiracy.

Everybody in this town, for 4 years, watched. When he came in, he was already diminished, and they watched him continue to diminish over the course of his term. It was the mainstream media that refused to comment on it. Then, overnight, when he had the debate last June, it was suddenly, “Oh my gosh, this is terrible. Look at this,” as if they'd never seen it before.

This was a conspiracy by a left-wing media littered with people who have a partisan view. They write about it, create stories about it, and don't tell you the whole story.

Speaker 1

Let's pull this thread a little further. You said the Democrats themselves are good people—some of them, many of them—but that the leadership is corrupt. Can you help us understand who the leadership is and how the corruption plays out?

Tom Emmer

Remember, I'm on the Republican side.

Speaker 1

No, but you can tell us what you watch. If somebody said, “Who is the leadership, elected or otherwise, that runs the Democratic Party?” a lot of people would point to the Obamas and some of the super-donors. Is that your perception of how it works?

Tom Emmer

It is. There were 2 times when whoever they are—whether it's the superdelegates, Barack Obama, the Clintons, or whoever—made a decision.

As you'll remember, Bernie Sanders was marching toward the Democratic nomination. They got to South Carolina, and all of a sudden Amy Klobuchar, from my state, said, “I'm out. I support Joe Biden.” Then it was one after another. Clearly, whoever that is—you're right, we're not in the room to see whether it's the Obamas, consultants like Carville or Axelrod, or somebody else—had a plan when it got to the end.

I never thought Joe Biden was going to be the candidate.

Speaker 2

That's not how the Republican Party operates. Some people in the public have the perception that both parties operate that way—that there's a cabal of the most influential people, and ultimately they pick the candidate. Is that not the case?

Tom Emmer

No, and clearly that wasn't the case with Donald Trump.

Watching from the outside, we're not on the inside of the Democratic machine, but it looks like a top-down process. On the Republican side, it's a bottom-up process. Donald Trump is the best example because people in this town, especially in the House where I serve, say, “We have the American people. We have a mandate.”

You have to remind them that Donald Trump has a mandate. He got 77 million votes. We got a little less than 75 million. If you're looking at who is expanding this party and pulling it over the line, it's 1 guy: Donald Trump.

Speaker 1

Do you view him as the party leader?

Tom Emmer

I do.

Speaker 1

To your point, this was almost like a Donald Trump hostile takeover of the Republicans. If you look at the establishment rhetoric about what Republicans stood for, I don't think Trump really cared. He had a point of view, and he had his own intellectual agenda and ideology. To your point, 77 million people said, “I go with that.”

Do you think something similar is possible on the Democratic side? Do you think there's a different ideology that needs to be born there?

Tom Emmer

I can only tell you the experience I've had with 1 of my Minnesota colleagues, whom I won't name. He might have run against the sitting president.

We were talking on the House floor one day, and I was giving him a hard time about some of the off-color remarks coming from the Squad.

Speaker 1

Off-color?

Tom Emmer

Let's just say there were some antisemitic comments—“All About the Benjamins”—and a censure was being worked on.

It was public, but the point is, when I was saying, “Boy, you've had quite a week,” he said, “Yeah. That's a very small group of people in our party with very large voices.”

My response was, “That might be true, but then people like you have to stand up, speak up, and take my grandfather's Democratic Party back.”

I think they have a problem. Identity politics, which they've perfected and been playing for years, has now come back to bite them. Where is the way out? They don't have a brand. They don't know who they are.

They're fighting about things like men participating in women's sports. It just isn't resonating with the American people. They're going to have to figure that out for the future. On our side, we're going to have to figure out that Donald Trump is the person who pulled this across the line.

Speaker 2

Here's the problem with the Republican Party for me. For the last 30 years, we've had great people representing us, but the public has been very frustrated because it seems like government and the bureaucrats always get a better deal than the average citizen.

I'm talking about Main Street USA—not Silicon Valley, which has its own Main Street, but rural country and people who are just trying to live their lives. They feel like their government hasn't been listening to them for years.

That's what spawned the Tea Party. We've had this over and over. Donald Trump deserves credit because that energy was out there, and he grabbed it. He showed us what it looked like when he ran in 2016, and he took the time to understand it—or he just innately has an ability to read people better than anyone I've ever seen.

Tom Emmer

I think he is a generational retail politician. He's a 1-in-150-year leader.

Speaker 2

You have a passion for fiscal responsibility, and you've been banging the drum on the national debt. Tom, you also have a passion for responsibility. Maybe you can give us your thoughts on how much of an impact the Department of Government Efficiency can have and what you think reconciliation is going to look like. This is going to be a very gnarly pitched battle.

How do we get $2 trillion out of the government?

Tom Emmer

Why are you stopping at $2 trillion?

Speaker 2

Actually, let's ask that question. Is $2 trillion even possible? If so, how do you think you can get it out?

Tom Emmer

I'd rather look at it 2 ways. We do this privately, so you won't get me to say what it is or where it is, but I'll tell you there's a list we've sat down with that reaches somewhere between $5 trillion and $7 trillion over the next 10 years.

Speaker 2

That $2 trillion would be over the next 10 years?

Tom Emmer

The annual budget is $7.2 trillion, right?

Speaker 1

Right.

Tom Emmer

The first thing we have to do is balance the budget. We've got to quit bleeding $1.5 trillion to $2.2 trillion a year.

Speaker 1

It's another trillion dollars.

Tom Emmer

Whatever it is, you've got to balance it. The second thing you have to do is start to bend the curve down. We have the greatest economy in the world, and it hasn't been performing where it could.

I think with Donald Trump, we can put things in place so that revenues start to go up again. If you're controlling it, you could pay that down rather quickly. If you're talking in terms of a decade, this requires sacrifice. It requires representatives from each city and each state to go to their constituents and say, “We fought to get you X, Y, and Z, and you're only going to get X and Y.”

Speaker 1

Be careful. Some people tell you they fight, but they're not really fighting.

Tom Emmer

This thing is going to happen because of Donald Trump. I leave it to Mike Johnson, the Speaker. He'll make these decisions. I'm the whip. Whatever you tell me, my job is to make sure we get it done, and that's what we'll do.

I think you're going to see a 2-track process. Mike Johnson has set a deadline for reconciliation. He wants to vote on a budget resolution by the first week of February.

Why is that important? You have to have the budget resolution before you can even move forward with reconciliation. That's usually pre-negotiated with the Senate. If we can keep to that aggressive timeline, you'll have it back to the House sometime in February.

Once you have that, it allows your 12 appropriation subcommittees to get their allotments and start building out their budgets. Jason Smith, our Ways and Means chairman, believes we can have that process done by the end of March.

Mike Johnson, in this very aggressive timeline, would like to vote on it in the House in the first 2 weeks of April. This includes the permanent extensions of the Trump tax cuts from 2017. If we're able to keep to that schedule, you could realistically have a reconciliation bill on President Trump's desk by Memorial Day weekend.

Speaker 1

Let's talk about the other long-term challenge and your point of view on the solution. What's going to happen to Social Security by 2030, 2032, or 2033? Where is this headed?

Tom Emmer

I think people are going to have to innovate, and you have to honor the promises that have been made.

There are many different things being looked at, like a voluntary program for people in a certain age range who are just coming into the system. It would give them a choice: They could stay in Social Security as we know it or pursue a private route that would have federal parameters.

You couldn't just put it into a retirement account and take it out. It would serve the same purpose, but it would be more like Australia's superannuation system. It would obviously grow the private side.

Speaker 2

Is that ultimately necessary? We need to change Social Security, but when do we have to change it by? Now that the election is over—because every politician is scared to talk about Social Security when they have an election coming up—are we going to hear something different this time around, or is it always going to be kicking the can down the road? It's such a golden goose. No one can talk about it and no one can touch it.

Tom Emmer

Donald Trump was elected for 3 reasons: to fix our economic woes and the inflation that's killed people; get energy moving again; seal the southern border; and create peace and stability around the globe.

If we perform—and I'm going to change that, because that's not really my attitude—then you start to build credibility with the American public. Only then can you start talking about this, because nobody believes us.

Speaker 1

Right.

Tom Emmer

The media plays games. They try to pit us against each other with different ideas. The key is that you have to honor the promises that have been made to Americans since Social Security was created.

Then you have to look forward. We've said we're not going to touch Social Security, Medicare, or Medicaid. That was the president who said that.

Speaker 2

I got that.

Tom Emmer

There are some efficiency reforms you can make around these programs that would make them not only more financially viable but more efficient.

Speaker 1

Should Americans be able to trade cryptocurrency freely without regulations, or do you think those regulations are in place for a good reason?

Tom Emmer

Remember Animal House, with the good and evil voices on your shoulders? I had that last night. I had the libertarian and the Republican with a small “r” on either shoulder.

The libertarian always wins for me.

Speaker 1

It used to for me, but I realized I was a Republican with a small “r” when I was doing a radio show with an anarchist for several months. All he ever said was, “Shut her down. She's pumping mud.” I thought, “I must be a Republican.”

Tom Emmer

The libertarian says, “Absolutely.”

Speaker 1

The Republican with a small “r”?

Tom Emmer

I think the key is that we have the greatest financial system and markets in the world here in the United States. We have an existing, legacy, 2-tier banking system. It needs to come into the 21st century.

The beauty of crypto to me is not just that it's crypto. It could help us if Congress does its job—if we put some parameters up, establish market structure, and give people rules of the road so they know what they can and can't do and who is responsible for oversight.

We can protect the existing 2-tier legacy system and allow it time to move into the 21st century. The key—and this is why the central bankers are so worried—is that this is so disruptive and potentially destructive that they're scared to death.

It's not just about losing their power. They're afraid that decentralization could somehow send finance back to the Dark Ages.

Speaker 2

There's also concern that consumers who are not sophisticated or who are new to crypto might lose their money.

Yesterday, Trump launched a $30 billion meme coin, which we refer to on the internet as a coin. Are you troubled by him doing something like that? Was that a wise decision?

Tom Emmer

I don't know. Time will tell. He seems to make some pretty good decisions.

Speaker 1

The regulations for that are still being worked on.

Tom Emmer

If he can do that, can we all do it?

Speaker 1

You could have done it, too.

Tom Emmer

The SEC previously would have gone after you for taking money from retail investors.

Speaker 1

Ding-dong, the witch is dead. Now we're moving forward with a new SEC.

Tom Emmer

If that's the case, then go for it.

Speaker 1

What's YOLO?

Tom Emmer

You only live once.

Speaker 1

My staff gives me a hard time because I don't know all those cute quips.

Speaker 2

You're cool with him doing a coin 24 hours before the inauguration?

Speaker 1

Did you see the meme that said Barron apparently had his dad's phone last night and made a billion dollars?

Tom Emmer

I love the Barron memes. They're my favorite. They call him the Lisan al-Gaib, which, if you watch Dune, is the savior sent to save all of us.

Speaker 1

It's definitely going to be an interesting 4 years.

Let's talk about what is happening right now. Jason is about to implode. He has a big negative bias against these coins.

Speaker 2

No, I have a bias against stealing.

Speaker 1

Meanwhile, you want every retail investor to have access to buy startups because that would benefit you. But when it comes to coins, you're saying no one should be able to do that?

Speaker 2

No, I'll address that. I think there should be a sophisticated-investor test where people learn about things like diversification. They should learn who owns 80% of the coins that have just been dumped on retail investors and under what circumstances those owners can sell them.

There is also a legitimate issue that foreign adversaries could buy these coins and influence the president. I think that's a real concern. You can diminish it, but it's a real issue.

Speaker 1

I actually agree with you. Securities regulations require that when you do an IPO, you file an S-1 and disclose who owns the shares. It has to go on a regulated exchange, so you know who the buyers are.

I do actually think your framework is pretty reasonable.

Speaker 2

I thought you were just mocking me.

Speaker 1

I do mock you. In addition, let's go to the next one.

Speaker 2

No, I do think that's right.

Speaker 1

You brought up the border. Steve Bannon says—

Speaker 2

I did.

Speaker 1

You said the border was 1 of the major parts of his mandate.

Let's talk about that part of the mandate. Steve Bannon says he wants all 15 million out on day 1. Stephen Miller says, “America is for Americans and Americans only.” Do you believe 15 million people should be dragged out of this country on day 1, as Steve Bannon and Stephen Miller have said?

Tom Emmer

I think we should look at what the American people think. A New York Times poll, of all outlets, said that about 80% believe that criminals, terrorists, and people who have committed bad offenses should be the hell out of here.

Speaker 1

That's an easy one to get consensus on.

Tom Emmer

Then it starts to drop.

Speaker 1

What's the next one?

Tom Emmer

I forget what the second one is, but it drops down to about 60%. About 55% of Americans believe any illegal immigrant should be out of here.

Speaker 1

Fifty-five percent?

Tom Emmer

That was a New York Times poll.

Speaker 2

What do you think that will do to the economy? You brought up inflation, and we have 4% unemployment, the lowest of our lifetimes. Agricultural labor costs have climbed by probably 3 times in the last 4 or 5 years, and there isn't enough labor to address agricultural production needs in this country, particularly in specialty crops. That's the world I work in.

How are we going to address both the economic demand for labor in this country and the immigration challenge?

Tom Emmer

You don't fix your labor problem with illegal immigration. You fix it by fixing your immigration system and making sure that it works the way it's supposed to.

I come from Minnesota. The 2 primary drivers of our state's private economy are manufacturing and agriculture. I have huge operations made up of families that have bound together as a cooperative. They literally have to bring in foreign workers. They've built village housing and have teachers.

Speaker 2

There's the solution.

Tom Emmer

This idea—I come from Minnesota, which is why you made the hair on the back of my neck stand up—that illegal immigrants and their advocates are bracing for Trump's arrival, and then they write an article saying, “If they remove all these people, our economy is going to tank.”

Stop it. You have laws for a reason. You have to enforce the laws that are on the books. If they don't work, this is why we passed the strongest border bill in 20 years with 222 members in the last Congress, which Chuck Schumer never even looked at.

They wanted to say that Trump killed the bipartisan bill. The House bill did 5 things: finish the wall, reform the parole process, reform asylum, end catch-and-release, and restore Remain in Mexico.

Those were the 5 pillars that the so-called bipartisan bill actually codified. It said that if you don't have emergency authority on the border, nothing happens until you have more than 5,000 people coming across in a day.

Speaker 1

We seem to have the answer. We seem to have pretty solid consensus in the country that criminals who are committing 2 crimes—the crime they committed here and crossing the border illegally—have no standing. They should go.

But you're punting on the question of whether the other 14.5 million people should be dragged out of the country in year 1. Can you answer that?

Tom Emmer

You're a journalist. I'm telling you right now that Trump was elected to do this.

Speaker 1

What do you think, though? You're from a state where that is going to be highly unpopular.

Tom Emmer

I don't think you should be here if you're illegal.

Speaker 1

So all 15 million have to go in year 1?

Tom Emmer

I don't think you should be here if you're illegal.

Speaker 1

You're painting with a pretty broad brush. You don't know the specifics.

Tom Emmer

You're using Steve Bannon and Stephen Miller, so I'm quoting their words. I think the goal is to make sure—

Speaker 1

J.D. Vance came on our show and said you have to do the first thing first, then the second thing, and then the third. It's not all going to happen on day 1.

Tom Emmer

It's going to be—

Speaker 1

I'm trying to interpret that, but you're being direct.

Tom Emmer

I resent that. I am being direct.

Speaker 1

I want to know whether 15 million people are literally going to be dragged out. This is a big question for the American people. Are you going to drag 15 million people out of the country or not?

Stephen Miller, who seems to be a big part of this administration, and Steve Bannon, who was the architect of the previous administration, say that is actually going to happen. People are nervous about it.

Tom Emmer

This is when we need Sacks here to fact-check whether those guys have said that.

The problem is that you're using terms like “drag them out.”

Speaker 1

I mean they're going to start with the worst of the worst.

Tom Emmer

In J.D.'s answer, you start with those because you know this is going to have an emotional aspect to it. If you start doing it the way you're supposed to, I'm going to suggest to you that a lot of them are going to leave voluntarily.

Then, if we fix the system we have, we can start to restore this.

Speaker 2

That's already happening. I've heard from a lot of agricultural leaders that they're seeing labor leave the country right now in anticipation of the administrative change. A lot of workers are very scared of what is happening. They don't want to be caught. They just came here for work.

These are individuals who came to this country to work. They are employed, whether legally or illegally, to do work that is in demand in this country. They're worried they're going to go to jail, so they're leaving.

There's a massive outflow right now, particularly in rural areas, of labor that is critical to a lot of farming economies. People in the agricultural sector are very nervous about the impact of what's about to happen.

Speaker 1

Let me ask you another question. Do you think, in alignment with Elon Musk's point of view and some of the things that have been promoted, that there's a big push by the Democrats to keep the borders open, create more Democratic voters in this country, and then convert everyone to legal status?

Is that a big reason or rationale for the alternative of allowing illegal immigration and then converting everyone to legal status?

Tom Emmer

I think it's more basic than that. There is a political element to it. In states like Minnesota, the traditional, educated, entrepreneurial population is leaving and being replaced, in many cases, by illegal immigrants. We're a sanctuary state, so they come into Minnesota.

Whether they vote or not, there is a big argument that many of them do. But I think the bigger issue is how Congress is divided up. You're losing and hollowing out states like Illinois and New York. They bring illegal immigrants in, and incredibly, the census counts them in the numbers.

Speaker 1

That doesn't make sense.

Tom Emmer

No. You have these blue-state gerrymandering cartels trying to hollow out the state.

Speaker 1

How does that work?

Speaker 2

That's a longer conversation, and we probably need to wrap up in a minute.

Speaker 1

I never understood how that works.

I have a totally different question—something more fun. The job of whip was totally romanticized after House of Cards. There was this famous scene where Frank Underwood said, “When I was whip, my job was to whip the votes,” and he was screaming into the phone, “Whip the votes!”

I remember thinking, “That seems like a really cool job.”

Speaker 2

His nickname is Chairman Dictator, just so you know. He was voted the No. 1 commentator by Xi Jinping and the Chinese Communist Party in the first year of the podcast.

Speaker 1

I have a lot of important people who look up to me.

Tom Emmer

Is the job of whip as enjoyable as it sounds?

Everybody likes to say to me, “You have the worst job in Washington, D.C.” I think the Speaker has the worst job in Washington, D.C. He can be having a great day, and there are all kinds of people throwing sandwiches at him.

The majority leader manages the calendar and the floor and works with the committee chairs. That's a great job. The whip doesn't get to do anything those guys want to do unless we can get it across the floor.

The world has changed. I think—and I know—they elected me because they thought my personality was very direct. I am from Minnesota.

Speaker 1

I get the sense that you're incredibly effective. You can whip the votes.

Tom Emmer

You just have to be honest and respect everybody.

It's a different world because probably 40% of our members will vote for whatever Mike Johnson says we're going to put on the floor. But we have 60%, and this is what has been changing over the last couple of decades. That group keeps getting larger.

They didn't come here to follow somebody. They came here to lead and represent their people. They need to be involved in the process.

I tell them all the time: I don't care if you like each other, despise one another, socialize together, or run to 2 polar-opposite places the second you walk out of here. When you're here, the American people elected Donald Trump, and we have the benefit of a majority.

Speaker 1

You're opening up the votes.

Tom Emmer

That's what it is. I tell them they have to get over themselves. We're going to let everybody participate in the process and take all their ideas.

We put the more centrist part of our majority and the more right-wing part of our party together. That list of savings, cuts, and offsets I was talking about is privately run through small groups, 1 at a time, so they can talk to each other.

If you come from a ruby-red district down South and I come from a swing district in New York, we can have a conversation about why I can or can't do something and why you will or won't do something.

At the end of the day, that's how you're successful. Everybody wants to be involved. It's hard only because you can't afford to leave anyone behind.

Speaker 1

Last question. The Senate confirmation hearings that started last week were pretty prolific. We're still waiting to figure out when Robert F. Kennedy Jr. is going to come up.

Do you see any pushback? Who might not make it?

Tom Emmer

I think everybody is going to make it.

Anybody who listens to you guys or watches any interview where this comes up should remember that this has been the left's playbook since Robert Bork. They started with Bork, taking him out of his Supreme Court appointment. They did it to Clarence Thomas. They did it to Brett Kavanaugh. Now they've moved it to Cabinet picks.

Pete Hegseth is a great example. None of us is perfect, but all of that was anonymous. Once it started going through the process, somebody asked me this question a few weeks ago. I said they're starting with Pete. Pete is going to get through the process. Then they'll move on to Tulsi Gabbard, and then to Robert F. Kennedy Jr. Those will probably be the 3 biggest targets.

Speaker 2

My perspective is that, in the absence of somebody being compromised, an ideological difference should not stop Cabinet picks on either side. Whoever is president should get to pick their team and put the team on the field. That's the mandate he was given by the people, and then the people should get to vote it up.

Speaker 1

It's supposed to be an advisory capacity, right?

Tom Emmer

It is. But the beauty of what Donald Trump is doing is that you can't fix what's broken with the people who broke it. He's going outside this godforsaken place and bringing in people with completely new ideas.

Whether you like them or not, let's see what this does. We've been doing the same thing for years, which is what happened 250 years ago when this country was founded.

Speaker 1

Congressman, give us the red-state opinion. You said you listened to the fire episode we did. From the outside, as a Minnesotan looking at California, diagnose what's going on there.

Tom Emmer

It's more complicated than the right and the left want to make it seem, but there is definitely a problem. It's not limited to California. It's across the country. We're not managing our resources the way we should.

We had this problem in northern Minnesota 20 or 25 years ago. We had a blowdown in the Boundary Waters Canoe Area Wilderness. All those trees were lying on the ground like kindling.

Our governor at the time, Jesse Ventura, said he was going to go in and log it so we could protect citizens and their property and make use of the trees destroyed in the storm. The federal government told him he couldn't do it. Of course, we've had fires.

California is tragic. My brother-in-law sent me a picture. He lives in Woodland Hills, and he sent me a picture of flames at the end of his cul-de-sac, above where my parents live.

Speaker 1

My parents live a couple of blocks away in Woodland Hills.

Tom Emmer

The fire stopped 2 blocks from their house. That's the picture he took.

Speaker 1

Did the winds just take it?

Tom Emmer

The Ventura County line comes up to right there. The fire department—and CAL FIRE and the fire department are incredible—stopped it from entering the neighborhood.

Speaker 1

That's amazing.

Tom Emmer

It was amazing. I don't know how his house is still standing, based on the picture he sent.

Speaker 1

Tom, this has been amazing. You fit right in here. We appreciate the honesty and candidness. We'd love to have you back anytime.

Tom Emmer

I appreciate the conflict. I love that.

Speaker 1

The American people have to see this. This is why we love you. We went to a Spotify dinner last night, and they were talking about journalism. You said, “I'm a journalist. I'll show you guys. I can do journalism.”

Speaker 2

I think it's a really important conversation. The 1 thing I'm concerned about is clarity. Trump has an ability to say things in a bold and effervescent way, and sometimes those things affect people. They want a little more clarity.

Tom Emmer

The whip has to find clarity among 219 people.

Speaker 1

Good luck with that job. We appreciate it.

Tom Emmer

Thank you. You guys are fine.

Speaker 1

Eric Swalwell, you got shellacked this time around.

Eric Swalwell

It wasn't great.

Speaker 1

What lessons can the Democratic Party take from this? I'll insert myself into this a little bit. I'm a moderate who's voted Democratic 2 out of 3 times, and I was absolutely disappointed.

I was disappointed that you didn't have a speed-run primary, that Biden was put forward when he was clearly in cognitive decline, and I'm disgusted by the Democratic Party's hatred of successful entrepreneurs in this country.

You've lost me as somebody who voted Democratic 2 out of 3 times. Now you hate entrepreneurship and winning, and you seem to hate democracy because you wouldn't even have a primary.

Eric Swalwell

We don't hate democracy.

Speaker 1

This is my perception, and I think a lot of Democrats feel this way.

Eric Swalwell

We lost a lot of folks. There are a lot of middle-of-the-road folks who left.

We need a story that connects with everyday Americans. When you look at a lot of the policies we believe in, and you look at polling and focus groups, people say, “I like that. I like that. I like that.” But our story right now—I don't think we know who we are or whom we're fighting for.

It's exciting that we can go through this reset and renovation to find a story that connects. I'm a blue-collar kid. I was raised by a cop and a mother who had 6 different jobs. I was the first in my family to go to college.

Speaker 2

You were raised by 2 Republicans.

Eric Swalwell

I was. They were, are, and remain Republicans. I have 3 little brothers who are cops. I grew up in Dublin, California. Everyone called it “Scrublin” until we invested there and saw success.

Speaker 1

What was your ideological change growing up in a Republican household of cops, essentially, to becoming a Democratic poster boy?

Eric Swalwell

That's only because I've gone after Donald Trump. I ran against the most liberal member of Congress, Pete Stark. I've been a pretty independent vote in Congress.

I root for entrepreneurial and business success and want to connect that success to the people who work hard at those businesses, so everyone does well.

If we're perceived as rooting against success overall and vilifying people who are successful, then no one can be successful if that's the case.

Speaker 2

Did you agree with Biden's framing, as he was leaving, about this tech oligarchy?

Eric Swalwell

It's only an oligarchy if working-class folks don't benefit from it. If that's what it becomes, then that's a problem.

What I want to see—and what I think you all are rooting for—is that anyone who works hard should do better for themselves and dream bigger for their kids. We have an opportunity to do that.

The president-elect has an opportunity to make that happen, and where he tries to do that, he'll find a partner in me.

Speaker 1

Do we have a branding issue?

Eric Swalwell

Yes.

Speaker 1

What is the branding issue? Is it wokeness, judgmentalism, sanctimony, pandering, or the perception that you have to be perfect and pure?

Eric Swalwell

Nobody is perfect.

Speaker 1

We're all riddled with errors. Of course we're not perfect and pure, but I think the perception is that to be a Democrat, you have to check all these purity boxes and then you can be part of the party.

The Republican Party seems to be the exact opposite: If you like Donald Trump, come to the party. Even if you don't like Trump, can we get you on these 3 policies and still bring you to the party?

I have never been more courted by a political party than Trump's, and I've never felt more hated by the Democratic Party.

Eric Swalwell

That's wrong. It shouldn't make people feel that way.

Speaker 2

Jason feels that way. I think he was a major donor.

Speaker 1

You guys are talking about having a Joe Rogan equivalent. You had Joe Rogan. He was a Democrat. If you watched his shows, he had Bernie Sanders on. He wanted to have Hillary Clinton on. You fumbled it.

You had Elon Musk. You fumbled it.

Eric Swalwell

The party fumbled it, maybe.

Speaker 1

You represent the party. Let's talk about rebuilding.

Eric Swalwell

We have an opportunity to rebuild. On the Department of Government Efficiency, for example, we should root for government to be more efficient and try to enable that.

But if that effort goes into cutting Social Security or Medicare, you'll see us be guardians against that.

Most small businesses think it's pretty hard to start a business. Even once you do, you don't have the resources that bigger businesses have, and they see regulations as what gets in the way. We should try to knock down those barriers.

Speaker 1

What's happening in the party? What are you doing? Is it headless as an organization?

Who runs the Democratic Party?

Eric Swalwell

In the House right now, Hakeem Jeffries has been effective at uniting us. In the last Congress, you saw something you've never seen before in any Congress in our country or any parliament in the world: The minority party delivered the majority of votes on every vote of consequence.

Keeping the government open, lifting the debt ceiling—which the incoming president now supports, and we welcome that; we'd love to get rid of it—and funding Israel all moved forward because Democrats were unified.

Hakeem has shown himself to be a practical negotiator who can work with Mike Johnson. The fair commentary is that he's young and inexperienced.

Speaker 1

What I mean by leadership is, who is the elder statesman who can help push, cajole, and influence the Democratic Party to find more solid ground?

Eric Swalwell

One of our best thought leaders is Mark Cuban. He's very influential, has relationships with my colleagues and with me, and has business experience. But he also hasn't lost touch with what regular people care about.

I thought he was an effective surrogate for Kamala Harris on the trail. I go to Mark on a lot of things, and I think he understands where most people are.

Speaker 1

How did Kamala get selected?

Eric Swalwell

She was vice president, and the runway was about 100 days. We can go through the different scenarios, but I don't think any of them were good.

If your premise is that President Biden should not have run for reelection, making that decision so close to the election was difficult. I don't know if any candidate would have been set up to fail.

Speaker 1

Should there have been a speed-run primary?

Eric Swalwell

We could go through 100 scenarios. There were a bunch of great candidates, but I still think all of them probably would have been set up to fail.

Speaker 1

In your interactions with the president, did you say to yourself, “What's going on here?”

Eric Swalwell

I didn't. My colleagues and I didn't interact with him that often.

We started his presidency during COVID, and the Joe Biden I knew when I was a junior member of Congress in 2013 was very engaged. He loved meeting with Congress, and meetings would go an hour over the allotted time. It was like the Bill Clinton charm offensive he could put on.

During the first 2 years, with the COVID restrictions, we didn't see that. We had remote meetings with the White House.

Speaker 1

They hid him.

Eric Swalwell

I don't know. I know where we are now, and the reports are that he was declining.

Speaker 1

Let's focus on the future. Let's talk about the Department of Government Efficiency.

Before we do that, you were on the House Intelligence Committee. Let's talk about TikTok.

Eric Swalwell

All right.

Speaker 1

What might happen tomorrow? What might not happen? You're in the room when these things happen. There are classified intelligence briefings.

This was a 9–0 Supreme Court decision and an overwhelming majority in Congress. Can you help us understand how something like that happens? Congress can't seem to agree on anything, and the Supreme Court tends to be 5–4 on every issue. How does something get a unanimous decision and a supermajority in Congress?

Eric Swalwell

The Supreme Court was not saying whether we should ban TikTok. It was saying that Congress voted, the president signed the law, and there was no way around the ban. I think the Court was just following the law.

I voted against the ban. I think China is the place where you ban things. The problems I have with TikTok as a father of 3 little kids are the same problems I have with Meta.

Speaker 1

You don't view it as a security risk for the United States?

Eric Swalwell

I look to Jim Himes, the senior Democrat on the Intelligence Committee and the ranking member. He's in what's called the Gang of 8 and has the most exquisite access to intelligence. Jim voted against the ban.

If this guy isn't seeing anything at the national-security level, I thought there might not be a national-security risk.

Speaker 1

There was a confidential briefing to the House Intelligence Committee. Are you saying nothing meaningful was disclosed about TikTok?

Eric Swalwell

Nothing that I had seen.

Speaker 1

Is TikTok owned by the Chinese government?

Eric Swalwell

Absolutely.

Speaker 1

If the Chinese government owns a company with access to more than 100 million American phones, their location data, microphones, and cameras, how is that not a security risk?

Eric Swalwell

Most of what we buy—what's in our basket at Walmart—has a Chinese component.

Speaker 1

What's in our basket doesn't have a microphone or GPS.

Speaker 2

A lot of it does. Chinese-made drones, for example. There's a website now that breaks down modern consumer electronics from China that have tracking devices built into them.

You can buy a USB charger for $8 on Amazon, and inside it has an IP address. It finds Wi-Fi, connects to it, and transmits information. That's incredibly dangerous.

I bought a cheap drone as a Christmas gift for one of my nephews. It was $149. I looked it up online, and it had a camera, connected to Wi-Fi, and asked for access to the phone. I wasn't doing that.

Speaker 1

I tweeted about this a few months ago. I don't think TikTok is the issue. USB-C charging cables have been hacked.

Eric Swalwell

These examples are more reason to be skeptical. But I don't think TikTok is the issue.

Speaker 1

You want to ban everything made in China?

Eric Swalwell

No.

Speaker 1

If you ban everything made in China, you'll destroy the economy.

Eric Swalwell

TikTok has more than 100 million users, and the algorithm can influence people's perception. It can change how Americans, especially young Americans, perceive the world.

Speaker 1

Even if they're not doing it currently, do you not see how obvious it is that they could use it?

Eric Swalwell

That's a censorship point of view.

Speaker 2

I guess I'm the only one of the 4 of us who doesn't want to ban speech.

Speaker 1

No, I'm with you. I either want reciprocity, where we can put our apps in China, or I want TikTok gone.

Eric Swalwell

You're making a different case. First you said it's a security risk. Then you said it's about controlling our point of view. Now you're saying reciprocity. Those aren't the same thing.

Speaker 1

Security risk likely lies everywhere. I think you have to separate 3 things in TikTok.

There's the content and the content creators. Then there's the network effect. Then there's the vessel, which is the app and the code.

My specific point of view is that the content creators and the network effect can easily be replicated elsewhere. The vessel itself is corrupt, and if you can't technically see that, it's probably because you're not steeped enough in the technology.

Eric Swalwell

The Intelligence Committee doesn't technically see that, so clearly they don't agree.

Speaker 1

They've been caught tracking people.

Eric Swalwell

Tell that to the guy on the Intelligence Committee.

Speaker 1

They've been caught.

Eric Swalwell

I also looked at the small-business owners who use TikTok as a platform. You can't just erase the buckets of people who depend on it.

Speaker 1

The content and network effect can move to another platform.

Eric Swalwell

I was telling the White House that more people watched President Biden's State of the Union address on TikTok than anywhere else. President Biden had just gone on TikTok.

Speaker 1

That's the content and the network. Across Meta or X, you can replicate that network effect and create a mechanism for the content creators already on those platforms to shift.

The vessel itself is easily rooted. I told President Trump when we were sitting down that the microphone on an iPhone can be turned on remotely. You can choose which state actor does it, but I would bet you 2 doughnuts that it is inconceivable to me that the NSA did not find that capability.

The reason isn't that TikTok is good or bad. All these apps are hackable. The only difference is that most of the other apps are controlled by American citizens, which gives us a control mechanism. This app is not.

Eric Swalwell

I think Donald Trump is going to allow TikTok. He got a $50 million donation from Jeff Yass's super PAC.

Speaker 1

I think it's $50 million.

Eric Swalwell

I think he also recognizes that a lot of his followers are on TikTok. For whatever reason, they haven't chosen you.

Speaker 2

Another popular export from China is fentanyl. We should probably ban that, too. Popularity should not be the reason we do something.

Eric Swalwell

That's why I think you're framing it wrong.

Speaker 1

You can't put the toothpaste back in the tube. You're going to take away a platform that Americans have chosen to use, and I don't think we ban things in America.

Eric Swalwell

This is the Chinese Communist Party.

Speaker 1

If your business depended on TikTok, and you're not wealthy or among the most powerful people, how would you feel?

Eric Swalwell

You have to assume that if the Chinese Communist Party uses the Chinese version of TikTok to surveil its own people, then, for a few extra units of resources, it would spy on the most powerful nation in the world. That seems logical.

Speaker 1

They would do it. Separately, it's not to say that President Trump is using TikTok or that important people are using it. But when enough people use an app, those people come into contact with other people.

Look at what happens today. How do you exchange contact information with an iPhone? You touch one another. That's NFC capability.

Speaker 2

Don't make the naïve assumption that technology is deterministic. There are people paid to find every edge and push it because the stakes are high.

I'm cautious when it comes to bans.

Speaker 1

That's fair. But this is where it goes: You don't want to import Korean cars because their electronics are connected to the internet, and now Koreans can spy on where we are.

You can quickly see how this opens a floodgate of banning. Foreign adversaries could take advantage of us, including banning chip imports and router imports. You could very quickly make this happen with routers.

Speaker 2

We're going down an intelligence route, which is now giving access to the personal information of the sons and daughters of representatives and military experts to the Chinese Communist Party.

Speaker 1

There is a reason Huawei is banned in America. Security vulnerabilities were found.

Speaker 2

Do you think China gave up and said, “Okay, let's go watch the dance videos now”?

Speaker 1

It's great. Let the Americans dance.

By the way, does the U.S. government receive revenue from TikTok or ByteDance? If it wasn't important to the Chinese government, they would have divested.

Eric Swalwell

I think the U.S. ownership is 30% or 40%.

Speaker 1

Let's move on to the border.

Speaker 2

Wait. We were going to do the Department of Government Efficiency.

Speaker 1

Let's do that. Tell us your point of view on Elon Musk and Vivek Ramaswamy coming in—what they're going to do, what's good about it, and what you don't think is good about it.

Eric Swalwell

I think it's funny that a committee about efficiency has 2 people running it. It cut itself in half when Vivek Ramaswamy started running for governor.

Speaker 1

That's their first success.

Eric Swalwell

They have recruited a lot of people.

Speaker 1

They said, “Knock yourself out.”

Eric Swalwell

If they want to make it easier for small businesses to start, save money by having federal employees show up to the office, or improve government, I'm open to it.

My staff shows up. We benefit from people being in the office. We show flexibility for people with family issues on a case-by-case basis, and people with disabilities have more access to work. But generally, I see the benefits of having everybody in the office.

We were 1 of the first offices to return to the Hill during COVID because I saw the benefit of it. If they can draw a straight line between benefiting constituents and having people in the office, I'm open-minded.

Speaker 1

Tell us how you think the reconciliation bill and budget process will go.

Eric Swalwell

It's going to be a knockout, drag-out process. We're going to hit the debt ceiling tomorrow, so you are going to be back to work immediately.

What I'll be asking my constituents is, if tax cuts are proposed and regulations are potentially cut, what did you get out of this and what did you lose?

If it's just a bureaucracy that benefits and you don't benefit, I won't support it. But if you can draw a line and say that a particular business getting a benefit or a lower corporate tax rate means you're going to do better and dream bigger, I can support that. That's what I'm going to be looking at.

Speaker 1

Do you generally think governments should have fewer tax receipts and be forced to spend less, so they're more ingenious and less reliant on overpowering things with money?

Eric Swalwell

Yes. Frankly, a lot of that starts with the Department of Defense. Look at where the cost drivers are in government.

Speaker 1

That means you need alliances in the world. If you're going to reduce what you spend on defense, you better strengthen your partnerships.

Speaker 2

Some people on the Republican side say that's why energy is so important. When we're resource-independent, it allows us to forge relationships abroad that create a very different security envelope.

Eric Swalwell

I chair the Rare Earths and Critical Minerals Caucus for this reason. It probably surprises people that a Bay Area Democrat wants to get the United States back into mining, but we're getting our ass kicked by China—not just on mining, but on processing and magnetizing.

We have allies who have these resources, so we can do it in the United States. There's Mountain Pass, where they're doing it with almost 100% recycled water, so you don't have the acid-pond issue.

Speaker 1

I helped fund the company that got that project off the ground. I've been out there. It's incredible.

Eric Swalwell

Even he will tell you that doing these projects in America today is almost impossible.

Speaker 1

The reason he was able to do it is that the project had already largely been built.

Eric Swalwell

If he had tried to get it permitted from scratch—

Speaker 1

That's right.

Eric Swalwell

It's a question of less money for the government and less regulation. Sometimes it seems like if Republicans say yes, Democrats say no, and if Democrats say yes, Republicans say no.

But if you ask everybody privately, they agree that government should be smaller and businesses should have more latitude to work, then be held accountable.

Speaker 1

To your point, businesspeople should have more latitude to work and then be held accountable.

Eric Swalwell

If wealth is only concentrated at the top, we need to make sure we can point to people at every part of the economic spectrum.

Speaker 1

That's a reasonable thing to say.

Eric Swalwell

I hope that's how we govern in the next Congress.

Speaker 1

It doesn't come out that way.

Eric Swalwell

What you lead with, talk about, and make a priority becomes people's perception of your focus.

Speaker 1

The perception I have, as somebody who voted Democratic 2 out of 3 elections, is that you're focused on things like DEI and trans kids getting surgery. No parent agrees with this. It's being banned around the world, and yet you lead with it.

That shows a lack of prioritization that is palpable to the voting public. What they want is effective leadership.

Look at what happened in Southern California. It's the height of arrogance to work on things like DEI and say that's important when reservoirs aren't full and brush isn't cleared. You have to make trade-offs, and you don't seem able to communicate that.

Eric Swalwell

We need a better story. I don't think we should lead the story with concerns about DEI.

Speaker 1

Stop focusing on those weird things. Don't lead the story with concerns about DEI.

No parent wants trans kids to get surgery. You can't have trees on the ground around homes in a fire. You can say you care about nature and trees, but you can't have trees on the ground around homes.

We need minerals. We cannot depend on foreign adversaries for important weapons systems or electric vehicles, and you're concerned about cranes and trans kids getting surgery that nobody wants.

That's the problem with the party.

Eric Swalwell

I don't think we should lead the story with concerns about DEI.

Speaker 1

I would argue that the new DEI is Donald, Eric, and Ivanka.

Eric Swalwell

People probably won't like that approach, either.

Speaker 1

We need a better story.

Eric Swalwell

I look forward to being part of the workshop.

Speaker 1

You're going to have to workshop that one.

Speaker 2

There's a long tradition in both parties of political families being grifters. Hunter Biden got in on it, and everybody is getting in on it.

Let's close on the border.

Speaker 1

Before we do, should the United States spend $200 billion to acquire Greenland from Denmark?

Eric Swalwell

I don't give a damn if he tries to acquire Greenland. I just want the cost of eggs to go down.

Speaker 1

Eggs are expensive. How are you going to do that? If you can tell me that spending $200 billion to acquire Greenland will help lower the cost of eggs, great. But I think people want to see costs come down.

Speaker 2

The security aspect is obvious.

Eric Swalwell

There are benefits there, but I want to know how you're going to lower the cost of eggs.

Speaker 1

One more question. Are there any of President Trump's nominees who really give you an idea—or inspire you? Give us 1 that inspires you and 1 that concerns you.

Eric Swalwell

I think Marco Rubio is going to do a great job as Secretary of State. He has the gravitas and experience to do it, and I want to see that happen.

Kash Patel is the one I think could destroy the president's agenda.

Speaker 1

Can you say more?

Eric Swalwell

I may be biased because he wrote a book listing 100 enemies. I'm not in the 100; I'm in the preamble. He starts it with, “Adam Schiff and Eric Swalwell are the most dangerous people.”

Speaker 1

You were part of the House Russia investigation.

Eric Swalwell

I believe that if the president focuses on going after his enemies, he'll lose the ability to bring order to the border, get the most violent undocumented immigrants out of the country, and make people feel safe in communities where they don't feel safe.

Speaker 1

What do you think about the comment that we should systematically deport 15 million illegal immigrants?

Eric Swalwell

I think you should focus on violent offenders and sexual offenders.

Speaker 1

Let's say you get that done in 6 months. What do you do after that?

Eric Swalwell

You also need order at the border. I support surging resources to achieve that.

Speaker 1

Forty percent of my constituents were born outside the United States. We're the eighth-wealthiest district in the country, no thanks to me. There is a straight line between those immigrants and that wealth.

If we can find a way to address shortages in the workforce—in agriculture, hospitality, food and beverage, biotech, and technology—I think we can have the best workforce in the world.

Speaker 2

Recruitment, as opposed to immigration, is a better framework.

Eric Swalwell

A foreign minister in Asia said to me this past year, “The population of the United States is 3 billion people.”

I looked at him and said, “No, you mean 300 million.” I thought he had misspoken.

He said, “No. There are 3 billion people in the world who would give up everything to come to the United States. If you get it right, you can pick the best.”

Speaker 1

Go back, please. You mentioned that the House Russia investigation created a lot of talking points on both sides that are still lingering.

In the spirit of putting it to bed, do you have any regrets about that whole process? Was there anything substantive that came out of it, or was it the beginning of this more politically directed action-and-reaction cycle that now has people worried about what will happen?

Eric Swalwell

Russia had a preferred candidate and did a lot to try to get him to win. I think he could have won. I think he may regret that, in a lot of his trolling, he made himself look guiltier when he probably could have shown us that the concerns we had weren't there.

I'm not going to dwell on the fact that he was impeached twice or sent a mob that could have killed many of the people in the Capitol with me on January 6. I'm going to focus on whether he wants to bring order to the border, make our communities safer, raise wages, and lower costs. I'm going to work with him on that.

Speaker 2

I meant more about whether you and Adam Schiff simply followed the facts, or whether you worked backward from a desired outcome.

Eric Swalwell

I was an Alameda County prosecutor in the same office where Earl Warren worked. We were trained that it's not about wins and losses; it's about doing justice.

I approached it by trying to follow the facts.

Speaker 1

When you watched what happened afterward in New York and elsewhere, what did you think, as a prosecutor, about the legal basis of the cases against Trump leading into the election?

A lot of people around him went to jail. It felt like, if Michael Cohen went to jail for being part of that hush-money settlement, why wasn't Trump being held to account?

Eric Swalwell

As a blue-collar kid, I resent people who think their position entitles them to be treated better than ordinary people. I wanted everyone to be treated the same.

That's how I was raised. My father lost his job as a police officer when he refused to be bribed—when he wouldn't allow a mayor's bribe to influence him.

Speaker 2

That's amazing.

Eric Swalwell

That was my experience in a small town in Iowa. He was the police chief. The mayor publicly tried to corrupt him, and he refused. My earliest memory is that he was willing to lose his job to do the right thing.

Speaker 1

You're saying something important: Everybody should be treated the same.

If 1 of your kids were charged with a misdemeanor, would you hope it were prosecuted as a misdemeanor? Or do you think people who don't like Eric Swalwell should find a way to make it a felony?

Eric Swalwell

The former.

I'm going into this new year open-minded and focused on what we can do to make the country succeed.

Speaker 1

On the border, I think that's where you could find some consensus and clarity. It seems to be creating an underlying tension in the country about what's going to happen.

You can't do anything on workforce issues until the public believes you've secured the border. Whether that's rational or not, it's the reality.

How much of that is why you think Kamala lost? Was it because she didn't take ownership of the border?

Eric Swalwell

I think she was attached to an incumbent party. Incumbent parties worldwide are getting pounded. There wasn't much that was going to change where this thing was going.

Speaker 1

What's happening in California? Give us a grade. Which Republican will be the next governor of California?

Eric Swalwell

The Republicans don't have it together, either.

I was in the Palisades on Monday. I have 10 friends who lost everything. I was with a woman who stood on top of a pile of ashes that had been her house, looking for any memento for her family.

It's awful. I'll be open-minded about what we could have done to prevent it, why resources that should have been there weren't, and what accountability should follow.

But fires are still burning, and families are living with friends and relatives. I don't want to be the meme where last week I was a hostage expert and this week I'm a wildfire expert.

Speaker 1

That's our function.

Eric Swalwell

My job is to look at what we could have done and who should be held accountable. But with a fire still burning, I don't want to give a hot take yet.

Speaker 1

Fair enough. We appreciate your candidness, and good luck rebuilding the party.

Eric Swalwell

Thanks.

Speaker 1

Ro Khanna, what's going on with the Democratic Party? You got shellacked. The candidate you put up didn't go through a primary, and the previous candidate seemed to be in cognitive decline.

It feels like a mess. What is going to happen to the Democratic Party? Is there a voice saying, “This is the plan,” or is it a Game of Thrones situation?

It feels like the Democrats went dark. Is that a strategy—to let Trump have his moment and then come back and be adversarial—or are you going to state a new platform? What's going on inside the party?

Ro Khanna

Crises are times for reform and renewal. This was a huge blow to the establishment of the party.

People wanted a more competitive process, new voices, and a new generation of leadership. That's going to emerge now. You're seeing it in California, with Daniel Lurie winning in San Francisco and Matt Mahan winning in San Jose. You're seeing new people emerge in Congress and new governors emerge.

There is going to be a lot of reflection. I've said that Democrats need to spend as much time understanding why many Americans voted for Donald Trump as we spend criticizing Donald Trump. I think you're starting to see that happen.

Speaker 1

What do you think the new platform will be? If you were in charge, what would you remove and what would you prioritize?

There are people who feel there are more important issues than the ones the Democratic Party focused on during the last election cycle. Give us 2 or 3 ideas you'd add to the agenda and 2 or 3 things you would say are no longer priorities for Americans.

Ro Khanna

The entire thing has to be about prioritizing the economy and the economic independence of Americans. How are we going to have economic renewal and economic growth in a stagnant working and middle class?

Then let's argue over our different visions. Donald Trump says the way he's going to turn around Johnstown, Youngstown, and Downriver Michigan is through large tax cuts and deregulation.

Our view has to be that it involves technology leaders, business leaders, and strategic government investments to build new industries, credential new workers, and build a workforce. We have to offer a compelling economic vision.

That economic vision should mean people aren't dependent on the denials of private health insurance and have access to child care. Whoever wins the argument about how to lead America in the 21st-century economy is going to win.

Speaker 1

You're saying government investment in building new businesses and industries is necessary to achieve that vision. What are the historical examples where government programs and policies supporting new investments and businesses worked successfully and better than free markets?

The Republican argument is that the free market is more efficient. Let capital and capitalists find where capital is best applied, and it will be more efficiently used. Government decisions about where capital should go typically have lower or negative returns and don't create scalable economic growth.

Ro Khanna

Ask me about government investment that is market-sustainable. You look at Alexander Hamilton, Abraham Lincoln, and Franklin Roosevelt. That is what built America.

Tom Emmer

That's infrastructure.

Ro Khanna

It's infrastructure, but it's also manufacturing. I have a bill to build new steel plants in Johnstown, Ohio. You need the private sector, Cleveland-Cliffs, and a private steel company. But if we're going to finance the scaling of that, the federal government has to have some role.

What we ended up having in free-market economics is China running a $1 trillion trade surplus while we have almost a $1 trillion trade deficit.

Speaker 1

That's financed with a capital-account surplus. All that money is coming into Wall Street. Wall Street is doing really well, and the finance sector is doing really well, but it has hollowed out our manufacturing and industrial bases.

Ro Khanna

That's free-market economics gone too far. That's globalization.

Eric Swalwell

Some of the non-neoconservative Republicans would say that global trade is the problem. Their counter-policy argument is to cut off some global trade and create a tariff program with China to reignite manufacturing.

It's a different point of view using a different set of data.

Ro Khanna

I agree with some strategic tariffs. I just don't think that's going to be enough to bring chip factories, steel factories, and aluminum factories here, revitalize these areas, and make the investments we need.

Speaker 1

Do you think we need government programs?

Ro Khanna

I think we need government partnering with the private sector.

Speaker 1

On the Department of Government Efficiency, do you feel there should be no deregulatory effort in the United States to unleash economic investment and growth?

This whole point feels wrong to me. Shouldn't government efficiency always be something we're pursuing—cutting back bureaucracy and red tape we've created to unleash investment? Even Gavin Newsom is making this argument in California with respect to rebuilding.

Ro Khanna

You need effective government. Execution matters.

There are fair criticisms that the execution of the CHIPS and Science Act, which I helped write, and the Inflation Reduction Act was not sufficient. The money didn't get out fast enough, and the permitting bureaucracy was slow.

If there are ways to make government procurement more competitive, that's good. Why is it that 5 prime contractors dominate defense procurement?

Michael Bloomberg had a plan that seems reasonable: Set aside 15% of Department of Defense spending for startups and innovative technology instead of going only to the 5 prime contractors. That's regulatory reform.

We also have to look at the fundamental issue. Why isn't Intel succeeding? We asked Pat Gelsinger, who was asked to leave Intel, and I said, “Was it permitting reform?”

He said no. The capital expenditures required to meet Wall Street's numbers were too high, and there wasn't enough procurement.

Apple—

Speaker 1

Everything is too expensive in this country. It goes back to nuclear energy. It's too expensive to build a gigawatt of nuclear power here, and it takes too long.

China can do it for about a tenth of the price, and it is scaling up at 3 times the rate in terms of new energy production. It can do it in half the time and at a tenth of the cost.

There's a regulatory path for Generation IV reactors going up in China, while there isn't one here.

Ro Khanna

I'm for nuclear energy and smart modular nuclear energy. I'm for looking at how we build nuclear energy safely in the United States, but in a way that works.

Ro Khanna

Our party has largely been opposed to that.

Tom Emmer

This is important because what happens is that Republicans or Democrats come forward with a general policy statement: We need deregulation to unleash economic prosperity or nuclear energy.

Then the other party says it has to attack that policy to diminish its strength, even if it might be good for America. We end up unable to align on things that are good for America.

As an American looking at how the parties attack each other, I wonder why 1 party can't say, “You're absolutely right. We all agree. Let's move forward.”

Can you give the win on government efficiency? Isn't that a consensus issue?

Ro Khanna

I've been criticized because I put out an innocent tweet saying that if Elon Musk and Vivek Ramaswamy have a good idea, I want to look at it.

Musk disrupted the entire Pentagon with SpaceX. He worked with Ash Carter to do that. The track record is there.

If he is going to look at the defense department—and you have progressives like me saying that the defense budget is bloated and that 56% of spending needs to be examined—then we need to look at the waste.

Spending $150,000 on soap dispensers and $1,000 on breast pumps is outrageous.

Speaker 1

Now, because Musk is saying, “Let's look at the defense department,” you don't want to do it, even though you've been saying to do that for the past 5 or 6 years?

That's the stuff that drives people crazy.

Ro Khanna

I want to do it. I also floated the idea that Bob Iger would be a good person to run for mayor of Los Angeles. He's considering it.

Eric Swalwell

He told you that when you were talking?

Ro Khanna

I don't want to talk about what we discussed privately. I just think it would be a public service for him.

Eric Swalwell

You are getting attacked for supporting an oligarch.

Ro Khanna

You look at Disney. I said I want someone who is going to rebuild the city.

Eric Swalwell

I want popcorn and lemonade stands on every corner in Los Angeles.

Ro Khanna

Franklin Roosevelt was wealthy. So was John F. Kennedy. There has to be common sense.

Eric Swalwell

How do we actually help people? That has to be the metric.

Ro Khanna

That's the metric. We have to be willing to work across the aisle on those things.

Speaker 1

It does seem, in the wake of what happened in Southern California—in Pacific Palisades and all the other affected regions—that many affluent voters and people active in politics are saying enough is enough.

Progressivism went too far left. We need qualified people in office. What do you think is going to happen in California? What impact will the destruction of 12,000 or 14,000 homes and the tragic deaths of at least 25 people have? Is it a turning point?

Ro Khanna

It is. First of all, it's horrific. I'm sure you know people who lost their homes. They're alive, and that's what is important, but they lost everything.

It's devastating, and I think it's the culmination of something that's been creeping up in California: Governance matters, execution matters, keeping places safe matters, and being pragmatic matters.

That's why you saw Daniel Lurie win. That's why you saw Matt Mahan win. That's why you've seen reasonable people elected as district attorneys. You're going to see that in Los Angeles, and I think you're going to see it in the governor's race.

California is saying that, regardless of your ideology, we need to govern well.

Speaker 1

You have the economy and safety on the short list. What else should the party in California say to voters to win them back and show them you're focused on something other than DEI?

Maybe it's environmental overreach. I can't believe I'm saying that, but people don't understand why clearing forests around homes is being opposed on environmental grounds.

Ro Khanna

You don't need to be a rocket scientist to understand that wildfires have been occurring for a long time. If you want to live near a forest in a fire zone, you have to clean up the detritus on the forest floor.

Speaker 1

It feels like the leadership in California has completely lost the script.

Ro Khanna

I think it's reasonable to ask why the brush wasn't cleared outside Los Angeles. I got in trouble for asking that, but these are legitimate questions. That's not going after people.

I supported Karen Bass against Rick Caruso, for full disclosure, and I was proud to do it. But if Caruso asks reasonable questions, the point of governance is to say, “The guy had a good point.”

Speaker 1

Are you disappointed in her performance?

Ro Khanna

I think it's fair to say people are disappointed in what is happening.

Speaker 1

Knowing what you know now, would you have endorsed Caruso?

Ro Khanna

I don't know if I would have endorsed him.

Speaker 1

Would you endorse someone like Bob Iger?

Ro Khanna

I certainly think there needs to be a new mayor.

Speaker 1

Was there any reason for Karen Bass to be in Ghana?

Ro Khanna

She said she went to the inauguration of the president.

Speaker 1

She was in a palace having cocktails.

Ro Khanna

If there were actual warnings before the fires, she should explain why she went. But if there weren't warnings, I don't think it's a major issue.

Going forward, the question is what it will take to govern better. Los Angeles is hosting the Olympics, and she was also going to Paris because of that.

Speaker 1

Should she even have gone to Ghana as the mayor of a city with no economic benefit from the trip?

Ro Khanna

It's common for a president of either party to ask mayors and governors to represent them at a foreign inauguration. I haven't been asked as a congressman yet, but it is common.

Speaker 1

It comes down to whether it was her first priority. If there were warnings, she should explain why she didn't go.

Ro Khanna

I like her. I think she's a good person. The question is what it will take going forward.

One thing we need to do differently, beyond the economy, is to go around the country and say that my party is not going to look down on people with whom we have different cultural or social viewpoints.

There was a sense of condescension—that if you disagreed with someone, our party was morally superior. That has to stop.

Speaker 1

Do you think California has a chance of electing a Republican governor in 2026? Is that chance now greater than 50% after the wildfires?

Ro Khanna

I still think I will most likely support a Democrat. There are a lot of good Democrats who can run.

Speaker 1

Could a Republican who is pro-choice and takes some of the social issues off the table be competitive?

Ro Khanna

The Democratic Party would be naïve to take that for granted. We need thoughtful, strong people on our side who understand that people care about public safety, effective government, and reform.

People like Matt Mahan, who have had a couple of years and have been effective, are the type of Democrats who can win statewide.

Speaker 1

What are your thoughts on TikTok going dark in the last 24 hours?

Ro Khanna

It's terrible. I've been vocal about it. We had 1.3 million people sign a petition to keep TikTok. I had never seen a petition of that magnitude. People like the product, or they make a living from it.

There was a content creator whose husband cheated on her. She was in an abusive marriage, left with 4 children, including 2 toddlers and 2 children around 5 years old. She was broke, staying in a hotel and then in her best friend's living room for 4 months.

She started telling her story, and now she's making $60,000 to $70,000 as a content creator. I could tell you 50 stories like this of people who rely on TikTok for their livelihoods. Some people use it to make rent.

Then there is the free-speech issue and the ability to express yourself. People should be able to do that.

Speaker 1

What about China? Why not pass a broader law saying that any interference by a foreign government in algorithms is illegal and criminal?

Speaker 1

India banned these apps.

Speaker 1

We're not India. These things are an attack vector. You can remotely control these phones. TikTok was caught spying on journalists, and the platform could shape public policy.

China has had years to divest. It seems to me that the Chinese government sees TikTok as a strategic military asset. Do you disagree?

Ro Khanna

I do.

The United States has a much more robust tradition of free speech than India, so our considerations are different. We also have far more capability to protect our data and prevent foreign interference in algorithms.

President Trump has floated the idea of 50% U.S. ownership. My understanding is that 60% of the investors are already U.S. investors.

I will work with him and Mike Waltz, whom I know well—we were co-chairs of the India Caucus in Congress—to figure out how to keep this app operational.

Speaker 1

If the Chinese government spies on its own people, why wouldn't it spy on its adversary, the American people?

Ro Khanna

Of course it would. The question is whether we can protect Americans from that happening on this app.

We can, as long as we have 2 clear laws. First, the data has to stay here. A lot of data going to the Chinese Communist Party goes through data brokers. There is no law against that.

Pass a law saying that all data of Americans cannot go into the hands of the Chinese Communist Party. There are U.S. companies selling that data and U.S. companies buying that data. Any third party can access that data if they want to buy it in one of the markets where that stuff exists.

Speaker 2

The irony is that, in the same week China announces a $1 trillion trade surplus, it is building more drones, ships, and steel than we are. We're talking about banning TikTok.

Ro Khanna

I think we got the politics wrong.

Donald Trump comes in and says, “The Chinese took your jobs, steel jobs, and auto jobs. We're going to have tariffs.” Then he says, “This TikTok thing is a popular app for young people, so we're going to keep it.”

What do we do? We run ads saying we don't want tariffs, telling people in the Midwest that we're opposed to policies that could save some of their jobs. Then we're telling young people that we want to ban TikTok.

Speaker 1

They didn't take the jobs. We gave them the jobs.

Ro Khanna

One thing the Democrats need to do is stop listening to the foreign-policy blob and Beltway pundits with fancy titles and think tanks.

Every time we get these letters from 500 groups or 200 groups, I ask, “Who are these groups?” They're 200 groups with 130 people. Every person is in 3 groups, and we're listening to them instead of to the public.

Speaker 1

I just created 5 groups while we were speaking.

Americans want the border secured. The statistics show it. Eighty percent of Americans want it shut down and orderly and legal—maybe more.

But this idea that we're going to drag 15 million people out of the country—

Ro Khanna

You keep using the word “drag.”

Speaker 1

I'm quoting Steve Bannon and Stephen Miller, who worked in the first administration and is the most powerful person inside this administration. They say 15 million are going on day 1.

Do you think that's going to happen? Do you think it should happen?

Ro Khanna

It shouldn't happen. Whether it's going to happen or whether they're going to try, I don't know.

Speaker 1

What do you think should happen?

Ro Khanna

First, we need a secure border. We need to encourage people to come here through the legal process, as my parents did.

Speaker 1

You say “encourage” or “require”?

Ro Khanna

Require. But to do that, we have to reform the system and make the legal process possible. Right now, it's very difficult.

For those who are criminals here and have been convicted of crimes, deport them. We all agree on that. But we also need a legal process and a secure border.

Speaker 1

Those things seem logical and obvious. Let me tell you about someone in my district without naming her. She's undocumented. She came to see me with a group of people. She's a dental hygienist, and her daughter is in medical school.

Speaker 1

Do you consider yourself to be her representative? She's not a U.S. citizen. She has no legal right to vote. Are you representing that undocumented, non-American person?

Ro Khanna

I'm supposed to represent everyone who lives in my district, regardless of citizenship. We don't ask about citizenship when somebody comes to us with an issue.

Speaker 1

Do you believe you should represent non-Americans who happen to be illegally present in your district?

Ro Khanna

I don't think I need to represent their political views. But if they are being abused in the process in some way and they come to us within the law, we would figure out how to get them due process.

Speaker 1

So you would have empathy and sympathy for someone living in your district even if they weren't legal?

Ro Khanna

That's a more eloquent way of putting it.

Let me tell you about this person. Her daughter is in medical school in Southern California. She drives down once a month and drives back because she can't afford a hotel.

The reason she can't afford a hotel is that she has been underpaid as a dental hygienist for 20 years. Do you really think we need to deport her? What would that do to her daughter? Can we find a path?

Speaker 1

She sounds like a great potential American.

Speaker 2

Let me play devil's advocate. Someone would say there is another American qualified to be a dental hygienist who can't get a job and would be paid more because they are a citizen, legal, and documented.

This person is undercharging the employer and taking a job away from an American. That's the counterargument.

Ro Khanna

There are 2 things. If someone is undocumented or even on an H-1B visa and is being underpaid, that's wrong. We need reform so people are paid appropriately and employers aren't abusing the process to drive down market wages.

But the argument that immigrants are taking American jobs misses a central point. When you have an immigrant worker, you're increasing the labor supply. If you increase supply, that drives down prices or wages.

But you're also increasing demand because immigrants spend money on goods and services. I've always viewed that as the more important part of the equation for growing the U.S. population and economic growth.

Speaker 1

Let's put a number on this. You clearly don't believe these people should be dragged out of the country.

Ro Khanna

I don't.

Speaker 1

We agree on that. Some people are not MAGA 1.0. Do you believe they should be dragged out?

Ro Khanna

It's not that simple, and I'm hung over today, so I'm not going to be super articulate.

Speaker 2

What about that dental hygienist who has been here for 20 years? Would you give her amnesty?

Ro Khanna

I would. She seems like a great American—working hard and being empathetic. That person should not lose her job or her life. That's a very difficult circumstance.

At the same time, there are Americans who feel underpaid and believe they don't have jobs. There is empathy on the other side of that equation, too.

Speaker 1

Whenever we talk about immigration, we never put a number on it or a point system. It devolves into the conversation we're having right now: “They stole our jobs and wages are down,” even though unemployment is at 4%, the lowest of our lifetime.

There are 7 million or 8 million jobs available—2 jobs for every unemployed person. Of course, there are disparities in skills and geography, but we have 340 million Americans.

Wouldn't an easy solution be to say we will import people based on the country's needs? If unemployment is under 10%, we'll allow 3 million people to come a year, or 2 million people a year.

Put a number on it, and let Americans and their representatives debate that number. Why don't you do that?

Ro Khanna

My view is that we lost jobs and experienced stagnation because of offshoring and the hollowing out of towns and communities. We watched wealth pile up in districts like ours—not because people in our district stole wealth from Youngstown or Downriver, but because wealth piled up while industry was offshored and there was indifference toward it.

If we want real solutions, we need economic revitalization instead of blaming the dental hygienist in my district. She isn't why Johnstown or Warren, Ohio, are suffering.

We have a number for green cards and legal immigrants: about 1.4 million a year. We should decide which categories to increase, why, and how to get people out of statuses where they're being underpaid.

Speaker 1

The abuse of the H-1B visa program is something people don't understand. The visas are transferable, but you have 30 days to find a new job. When I was in the IT business, it was explained to me that these workers are essentially indentured servants.

They don't have a choice. There's a constant threat that if you don't do what your employer says or accept the salary, you'll be out of the country and have to take your family with you.

Would it be easier to charge 10% of the salary as a tax into a pool so employers can't abuse the program, require a minimum salary, and give people perhaps a year to find another job?

Ro Khanna

That type of solution is reasonable. People need to be paid well.

You could put a wage floor in place or prioritize the highest wages because that reflects the talent coming in. You don't want the current situation, where someone is on an H-1B for 3 years, gets an extension while applying for a green card, and then has the visa extended again while the application is pending.

People are here for 10 or 12 years, and the abuse of the system hurts American workers.

I think the American people are decent and fair. I grew up in Bucks County, Pennsylvania. It was 95% to 98% white. There were a few Indian-American families.

I grew up believing that you could do anything in America. Look at you. The country trusted me to represent a district with $1 trillion of value, perhaps the most economically prosperous place in the history of humanity.

Speaker 1

Perhaps.

Ro Khanna

That is America. People are upset at the extremes and the abuses, and at the fact that there wasn't a process at the border. But deep down, this country has always embraced immigration, and most immigrants tend to be patriotic.

Speaker 1

When you hear Stephen Miller say, “America is for Americans and Americans only,” do you think that flies in the face of the spirit of this country?

Ro Khanna

I would ask what he means by “Americans.” I would love to have lunch with him.

Speaker 1

Maybe we should have him on All-In.

Ro Khanna

I'd love to. Instead of reading every tweet, we should listen to a long-form conversation. I hear that if you sit down with him, you get more than what the short-form media clips suggest.

Speaker 1

I watch his entire speeches. The way he speaks seems incredibly xenophobic and a bit racist.

Ro Khanna

I would ask him about Lincoln's speech in 1858 on Independence Day.

The challenge for Lincoln was explaining how a German-American or French-American could be American. Back then, to be American, you literally had to trace one great-grandparent who fought in the Revolutionary War.

Lincoln had this brilliant formulation: You are flesh of the flesh and blood of the blood of the founders if you believe in the Constitution and the Declaration of Independence.

I'd ask Stephen Miller whether he still believes that. How does he define an American?

Speaker 2

If we are pulling up the ladder now and saying we're not a land of immigrants, that's a different discussion.

Speaker 1

I'm an immigrant, and I think immigrants are the most patriotic.

Ro Khanna

You should. You've done great things. Look at what you're going to do here.

Speaker 1

I came from South Africa when I was 6 years old. Now I'm in Washington, D.C., hanging out with a congressman. I've met the president and vice president, and I've created thousands of jobs.

Ro Khanna

You're going to create billions of extra calories with those amazing Oishii strawberries.

Speaker 1

Oishii is the name.

Ro Khanna

Your company might actually be in my district. You cover Santa Cruz County.

Speaker 1

No, that's Jimmy Panetta.

Ro Khanna

I see.

Speaker 1

Let me ask you a question. Do you think the United States should spend $200 billion to acquire Greenland from Denmark?

Ro Khanna

I believe we need to respect the self-determination of other countries. That's what makes us different from Britain and Rome.

Speaker 1

Even though we intervene in foreign elections and use military force to overturn foreign governments?

Ro Khanna

Nobody's perfect.

Speaker 2

There you go. I like this guy.

Ro Khanna

You know, America might—

Speaker 2

If you ever need a hype man or campaign manager for your run for governor, let me know.

Ro Khanna

Let's talk about Greenland. Why? What interest does Greenland have? It has critical minerals and important resources, and it wants to partner economically with us. It is letting us invest and develop there.

What do we gain by making it a territory?

Speaker 1

You're saying we could achieve our objective without making it a territory?

Ro Khanna

What about Puerto Rico? Here's my cautionary tale.

Every time Bernie Sanders ran, you know what he talked about? The politics of Denmark. You only want Greenland as a state so we can get 2 Democratic senators.

Speaker 1

They call it “getting to Denmark.”

Speaker 1

Those 2 senators would be Democratic senators.

Speaker 1

Watch the interviews that have come out from people who live in Greenland. They're sick of the socialist overseers. They want a different way of governing.

Ro Khanna

I don't know. I'm going to have more kids if I get 2 years of paternity leave. That sounds pretty amazing.

But Puerto Rico is an important question. Does the United States need territorial dominion to achieve its strategic objectives?

Speaker 1

What about Puerto Rico?

Ro Khanna

Every Democrat says we want Puerto Rico because we would get 2 Democratic senators. My view is that it should be a Puerto Rican self-determination referendum.

Speaker 1

If 80% or 90% want to do it, would you support it?

Ro Khanna

If they want to join the United States, yes. That's a different matter. We took it as a territory; now let's see what they want to do.

Speaker 1

Are you running for governor of California?

Ro Khanna

No. I love being in Congress and representing Silicon Valley. I've focused on bringing innovation and technology together with communities for economic revitalization.

Speaker 1

If asked by your party and the citizens of California, would you consider it?

Ro Khanna

I consider anything.

Speaker 1

There you go.

Speaker 2

You can consider me as your campaign manager.

Speaker 1

He's had his moments.

Ro Khanna

That's a wrap.

Speaker 1

That's a wrap from the 47th inauguration of the United States. We'll see you next time.

就职典礼访谈:Trump 的用人、民主党重塑及更多——与党鞭 Emmer、Swalwell 和 Khanna 众议员对谈 — 文字稿与摘要 | BidClub