David Rubenstein, co-founder of The Carlyle Group and author of "The Highest Calling," shares insights from his conversations with former presidents and historians about the complexities of the American presidency. He discusses the implications of a potential second term for Donald Trump, the challenges of leadership, and the rising populism within the Republican Party. The talk dives into nostalgia in politics, contrasting past longings with a hopeful outlook on America's future, while also touching on the global impact of U.S. leadership changes.
David Rubenstein emphasizes the complexity and challenges of the American presidency, reflecting on historical leaders' resilience in crisis situations.
The rise of populism within the Republican Party signifies a shift in voter sentiments toward candidates who address socioeconomic disparities.
Deep dives
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Political Landscape and Young Voter Shifts
The podcast examines the shifting political landscape, particularly the Democratic Party's increasing alienation from young voters, who have leaned towards Donald Trump's populist messaging. Historically seen as champions of the aspirational and technology-oriented vote, Democrats have struggled, while Trump has embraced a narrative that resonates with younger demographics. This demographic shift indicates a broader trend where Trump's rhetoric on economic disruption, risk-taking, and identity politics has attracted support from groups previously assumed to align with Democrats. The implications of these voting patterns could signify substantial challenges for the Democratic Party moving forward.
David Rubenstein's Insights on the Presidency
David Rubenstein's discussions on the American presidency encompass a blend of personal ambition and public service among past presidents. He highlights the immense pressures and polarizing nature of the role, reflecting on how figures like Abraham Lincoln navigated national crises. Lincoln's efforts to preserve the Union during the Civil War exemplify the dedication required for true leadership, marked by humility and resilience. The conversation also acknowledges the historical context of presidential challenges, illuminating how past leaders managed their legacies in the face of adversity.
Populism's Transformation of the Republican Party
The podcast explores the transformative effects of populism within the Republican Party, tracing its roots back to the financial crisis of 2008. George W. Bush reflects on how bailing out banks during the crisis fueled a divide between socioeconomic classes, contributing to a growing disillusionment with traditional party politics. As wealth disparity has increased in the U.S., many voters have turned to populist candidates, resulting in a fundamental change in the party's identity. This evolution signals a new landscape in American politics, where the populist approach resonates with voters who feel marginalized by the existing economic structures.
Today on the show, co-founder of The Carlyle Group David Rubenstein joins to discuss Donald Trump’s re-election, and tell Fareed about his new book, “The Highest Calling,” in which he interviews eminent historians and most of the living presidents about what it takes to occupy what he calls the most powerful office in the world.
Next, Wall Street Journal opinion columnist Peggy Noonan speaks with Fareed about her new book “A Certain Idea of America,” the transformation of the modern Republican Party, and her optimistic view of the country’s future.
Finally, former senior Singaporean diplomat and author of “Living the Asian Century” Kishore Mahbubani joins the show to discuss the rise of Asia on the global stage and how China is preparing for a second Trump presidency.
GUESTS: David Rubenstein (@DM_Rubenstein), Peggy Noonan (@Peggynoonannyc), Kishore Mahbubani (@mahbubani_k)