The Financial Ties That Bind: Trump, Musk, and the GOP's Struggle

Chuck Todd begins with the apparent de-escalation of the feud between Donald Trump and Elon and why the power imbalance between the two meant that Elon would be forced to back down. Then, he explains why Trump is deliberately manufacturing a crisis by federalizing the National Guard and sending them to LA to deal with protests over ICE raids. He calls it a “political trap” set by Stephen Miller and that the administration has chosen to use California as a political punching bag. He also weighs in on the crisis of leadership at the DNC after an internal call was leaked to the press and why it could be the end of Ken Martin’s time as chair.

Then, Chuck welcomes filmmaker Chase Joynt and Congresswoman Sarah McBride to discuss the documentary "State of Firsts," which chronicles McBride's historic journey as the first openly transgender person elected to Congress. Joynt explains the origins of the film and the decision to focus on McBride's political coming of age amid the intensifying national debate over trans rights. The conversation explores the broader LGBTQ civil rights movement, the challenges of media coverage around trans issues, and how Trump has weaponized transgender Americans as political scapegoats. They discuss the ongoing tensions within the gay community about whether the fight for trans rights is "worth it," and examine how civil rights have historically advanced incrementally through strategic battles.

McBride joins the conversation to reflect on the personal toll of being thrust into the spotlight as a symbol for an entire community while trying to serve her Delaware constituents effectively. She discusses the unique pressures that come with being the "first" of any identity group in Congress, the performance incentives that can bring out the worst in politicians, and her approach to picking battles strategically rather than fighting on every front. The discussion touches on Delaware's distinctive political dynamics, her relationship with President Biden, the complexities of the trans women in sports debate, and whether she would accept a meeting with Trump. Throughout, both guests emphasize the importance of seeing transgender people as whole individuals rather than reducing them to a single issue, while acknowledging the weight of representation in advancing civil rights.

Finally, he answers listeners’ questions in the “Ask Chuck” segment regarding filibuster reform in the Senate, whether age limits for lawmakers are a good idea, and whether Trump would be best served resigning the presidency in order to receive a pardon from JD Vance.

Timeline:

00:00 Introduction

01:15 Trump backs off when dealing with rich and powerful people

02:15 Elon is a bridge between MAGA and the tech elite

03:00 Steve Bannon says Musk’s money might have made the difference in election

05:00 Trump is always for sale, but the deals aren’t stable 

06:15 Musk is powerful but not irreplaceable 

07:00 Trump could destroy Musk’s companies before his term ends

08:45 The fate of our country hinges on a pissing match between two powerful people

10:15 Voters think all politicians are equally corrupt

11:00 The Trump administration is trying to manufacture a crisis in Los Angeles

12:30 What you’re reading and seeing online isn’t what’s happening on the ground

13:30 Majority of voters want immigration enforced, but humanely and with due process

15:00 Stephen Miller believes he’s setting up a political trap

16:15 The administration wants to use California as a cultural punching bag

18:00 DNC chair Ken Martin caught on recording saying he might not be up to the job

20:00 Martin defined himself as a placeholder with doubts

20:45 Democrats don’t know who’s in charge, or who they want to be in charge

21:45 Ken Martin will be defined by this moment

24:00 Chase Joynt joins the Chuck ToddCast! 

25:00 What was the origin of "State of Firsts"? 

26:45 Were there any ground rules or "no goes" when creating the film? 

28:00 Sarah's ascent to Congress amidst the brewing fight over trans rights 

29:45 Is the debate over trans rights being "worth it" still happening in gay community? 

31:00 Does the fight for trans rights feel like two steps forward, one step back? 

32:30 The value in unearthing the history of the fight for equal LBGTQ rights 

34:20 They chose to tell the story of Sarah's political coming of age 

36:15 Frustrations with media coverage of the fight for trans rights? 

37:00 Trump understands that he created a scapegoat 

38:00 The fight over trans women in sports 

39:00 Had Chase ever done a political documentary before "State of Firsts"? 

41:00 What did you learn about how politics is conducted? 

42:30 Politics dominates the public space in America 

44:00 What surprised you most after being around congress? 

45:15 Being the "first" of an identity group in congress 

47:30 The pressure on McBride of being forced to speak on behalf of an entire community 

48:45 Civil rights have always been advanced incrementally 

51:40 Worried that the Democratic party will abandon the trans community?

53:10 Sarah McBride joins the Chuck ToddCast! 

53:40 Was it hard to let people into your private life for the documentary? 

54:55 Managing the burden of being a symbol for the trans community 

57:10 The pressure that comes with being the "first" representative of an identity group 

58:40 Delaware voters were able to see her as a whole person and not just trans 

1:00:10 Was it easier to be bipartisan in state government than in Congress? 

1:01:25 The performance incentives in Congress can bring out the worst in people 

1:04:25 The political dynamics of Delaware 

1:06:10 Delaware's status as the home of corporate America 

1:09:40 Other states don't have the legal framework to outcompete Delaware for incorporations 1:10:25 Is the criticism of Biden fair? 

1:13:10 Hakeem Jeffries is doing a fantastic job managing the caucus 

1:14:55 Should Democrats extend an olive branch to Elon Musk? 

1:15:40 Is someone who embraces trans rights but not in sports an ally? 

1:16:40 Sports governing bodies should oversee the trans women in sports issue 

1:18:40 Worried about backlash from the trans community for not fighting hard enough? 

1:20:10 Civil rights movements have to pick their battles 

1:23:40 Would you accept an invitation from Trump for an oval office meeting? 

1:24:40 What achievements in Congress would you consider success? 

1:26:10 Did you ever dream of becoming president as a kid?

1:27:05 Chuck's thoughts on interview with Sarah McBride 

1:28:05 Ask Chuck 

1:28:15 If the Big Beautiful Bill doesn't pass, should the Senate end the filibuster? 

1:31:20 Thoughts on Andor season 2? 

1:33:55 Are age limits for elected officials a good idea? 

1:36:35 Would Trump's best outcome be resigning and having Vance pardon him?

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