On this “Face the Nation” broadcast, moderated by Main Garrett:
- Sen. Ted Cruz, Republican of Texas
- Nationwide Safety Adviser Jake Sullivan
- Sen. Alex Padilla, Democrat of California
- Jill Schlesinger, CBS Information enterprise analyst
- Historian H.W. Manufacturers
Click on right here to browse full transcripts of “Face the Nation with Margaret Brennan.”
MAJOR GARRETT: I am Main Garrett in Washington.
And this week on Face the Nation: President-elect Trump selects a – quote – “warrior” to steer the FBI and rattles prime buying and selling companions with threats of tariffs.
The drumbeat continues from Mar-a-Lago, as president-elect Trump pronounces plans to appoint loyalists who’ve greater than as soon as lashed out on the businesses they hope to steer.
We are going to hear from two senators who might be evaluating these Cupboard picks, Texas Republican Ted Cruz and California Democrat Alex Padilla.
Plus, as Individuals kick off the busiest buying season of the yr, it is crunch time for retailers and a window into the economic system at massive. Questions loom over the way forward for American shoppers because the incoming president threatens across-the-board import tariffs. We are going to take a look at the impression with CBS Information enterprise analyst Jill Schlesinger.
Then, with simply weeks to go till he leaves workplace, President Biden is notching just a few hard-fought victories abroad, securing the discharge of Individuals wrongfully held in China and a cease-fire deal between Israel and Hezbollah. May a deal between Israel and Hamas be subsequent?
We are going to discuss unfinished enterprise with White Home Nationwide Safety Adviser Jake Sullivan.
Lastly, a dialog with creator and historian H.W. Manufacturers. His newest guide, “America First,” examines the talk over isolationism in America forward of World Battle II.
It is all simply forward on Face the Nation.
Good morning, everybody. Welcome to Face the Nation.
As we put the ultimate touches on this lengthy vacation weekend and the leftovers that go along with it, the economic system and border loom massive because the nation and world anticipate a second Trump administration. In the meantime, President Biden tries to safe last-minute diplomatic breakthroughs, Congress tackles unfinished enterprise, and retailers slash costs to launch the vacation buying season on this last month of 2024.
However we start this morning with the most recent on the Trump transition with senior White Home correspondent Weijia Jiang.
(Start VT)
WEIJIA JIANG (voice-over): Kash Patel’s pending nomination for FBI director embodies president-elect Trump’s need to disrupt federal regulation enforcement businesses.
KASH PATEL (Former Deputy Assistant to President Trump): I would shut down the FBI Hoover constructing on day one and reopening the subsequent day as a museum of the deep state.
WEIJIA JIANG: Patel rose to prominence throughout Trump’s first time period when he helped lead the cost towards the DOJ’s investigation of Russia meddling within the 2016 election.
DONALD TRUMP (Former President of the USA (R) and Present U.S. President-Elect): And Kash Patel is right here, one in every of our actual warriors.
(CHEERING)
WEIJIA JIANG: The present FBI director, Christopher Wray, who was appointed by Trump in 2017, has three years left on a 10-year time period. He must resign or be fired to create a gap.
The FBI says: “Director Wray’s focus stays on the women and men of the FBI, the individuals we do the work with and the individuals we do the work for.”
Trump additionally introduced he has chosen son-in-law Jared Kushner’s father, Charles Kushner, to function the subsequent U.S. ambassador to France. Kushner was pardoned by Trump in 2020 after serving time in jail as a part of a two-year sentence on federal felony prices.
As Trump fills his administration, he is additionally assembly with world leaders.
JUSTIN TRUDEAU (Canadian Prime Minister): It was – it was a superb dialog.
WEIJIA JIANG: Canadian Prime Minister Justin Trudeau had dinner with Trump at Mar-a-Lago on Friday, then posted: “I sit up for the work we will do collectively once more.”
However Trump’s risk to impose a 25 p.c tariff on Canada and Mexico stays, except, he says, the nations take motion to cease migrants and medicines from coming into the U.S. border.
(Finish VT)
WEIJIA JIANG: Each North American allies say they’re making ready retaliatory tariffs on U.S. exports.
Now Trump has issued a brand new risk towards a gaggle of 9 nations, together with Brazil, Russia and China. He says, in the event that they attempt to draw back from the U.S. greenback on worldwide commerce, he would impose a one hundred pc tariff on their items – Main.
MAJOR GARRETT: Weijia Jiang in Palm Seaside, Florida, thanks.
We flip now to Texas Republican Senator Ted Cruz, who joins us this morning from Houston.
Senator, it is good to see you. Good morning to you.
Let’s choose up this thread on tariffs. I bear in mind overlaying your presidential marketing campaign in 2016, and also you have been a skeptic of tariffs then. I do know the politics round tariffs have modified. President-elect Trump has finished that. However have the economics modified?
SENATOR TED CRUZ (R-Texas): Effectively, I’ll inform you, what hasn’t modified is – is the significance of leverage.
And I obtained to say, you take a look at the specter of tariffs towards Mexico and Canada instantly has produced motion. We have seen the president of Mexico arise and promise that she goes to work hand in hand with the president of the USA, President Trump, to safe the border.
I’ll inform you, representing Texas, we have seen 4 years of an invasion at our southern border. Let me ask you, Main, why hasn’t Joe Biden finished this? Why hasn’t Joe Biden really stood up and used leverage to safe the border?
And the reason being, Joe Biden and the Democrats needed this invasion to occur. And I obtained to say, it is a promise that I imagine President Trump goes to ship on and ship rapidly. We’re going to safe the border. That is about utilizing leverage to get Mexico and Canada to cooperate.
And I’ll inform you, Main, I believe one of many very first payments we will take up within the Senate, vote on, and I hope move, is my laws the Justice for Jocelyn Act that could be a response to the horrific rape and homicide of Jocelyn Nungaray, 12-year-old woman in Houston, Texas, killed by violent felony unlawful aliens launched by Joe Biden and the Democrats.
It is a promise the president must ship on, and I believe he will.
MAJOR GARRETT: So, when you consider tariffs and president-elect Trump, you do not take them critically as an financial matter; you’re taking them critically solely as a diplomatic lever?
SENATOR TED CRUZ: Effectively, look, I believe the president was express with Mexico and Canada. He stated he’ll impose these tariffs except they safe the border.
It was explicitly leverage. And, by the way in which, that’s the identical means that President Trump negotiated the remain-in-Mexico settlement. Should you bear in mind, throughout his first time period, President Trump threatened tariffs towards Mexico. And AMLO, then the president of Mexico, he was extremely scared and anxious. He was afraid of Trump, and he ended up signing the remain-in- Mexico settlement, which produced the bottom charge of unlawful immigration in 45 years.
It was extremely profitable. What did Joe Biden the Democrats do after they got here in? The very first week in workplace, they ripped up that extremely profitable worldwide settlement. I anticipate we’ll as soon as once more enter into remain-in-Mexico.
And we’re going to see – I will make a prediction proper now. We are going to see the numbers plummet of unlawful immigration coming into this nation, not in a yr, not in six months, however in January and February, as a result of we could have a president who will vigorously implement the regulation.
MAJOR GARRETT: On that time. Senator Cruz, you’ll concede, within the final three or 4 months, numbers have gone down already, have they not?
SENATOR TED CRUZ: They’ve ticked down barely. We have now nonetheless seen over these 4 years the very best charge of unlawful immigration in our nation’s historical past. Twelve million unlawful immigrants have come into this nation.
And I obtained to say, in a state like Texas, you need to see the implications, this final election was an unbelievable landslide for President Trump. He gained all seven of the swing states. And, in Texas, President Trump gained Hispanic voters in Texas. I gained Hispanic voters in Texas. I gained statewide by one million votes, 9 factors.
And South Texas, the Rio Grande Valley, has actually spent over 100 years as a vivid blue Democrat bastion. This cycle, South Texas flipped Republican. And it’s superb what having 12 million individuals invade your house can do to alter individuals’s voting conduct. I believe the president has a mandate to ship on securing the border, and I sit up for working hand in hand with him to ship on that promise.
MAJOR GARRETT: Kash Patel instructed by President Trump as the brand new chief of the FBI, how enthusiastic are you about that?
SENATOR TED CRUZ: Hear, I believe Kash Patel is a really sturdy nominee. I believe the complete slate of Cupboard nominees President Trump has put ahead could be very sturdy.
I imagine each one in every of these Cupboard nominees goes to be confirmed by the Senate. I believe Kash Patel goes to be confirmed by the Senate. You take a look at his background, he has a severe skilled background. He was a prosecutor. He was a public defender. He was a senior intelligence staffer on Capitol Hill. He was a senior intelligence staffer within the White Home. He was the chief of employees of the Division of Protection.
He was the deputy director of nationwide intelligence. And I obtained to say, the entire weeping and gnashing of enamel, the entire individuals pulling their hair out are precisely the people who find themselves dismayed about having an actual reformer come into the FBI and clear out the corrupted partisans who sadly have burrowed into senior profession positions on the FBI.
The FBI and the Division of Justice are two establishments extremely necessary to the rule of regulation in the USA. I revere each. And probably the most tragic penalties of 4 years of Joe Biden and Kamala Harris is, each the DOJ and the FBI have been politicized and weaponized, and I believe Kash Patel is a really sturdy nominee to tackle the partisan corruption within the FBI.
MAJOR GARRETT: As you recognize, Senator, there is not a emptiness on the prime of the FBI. What ought to turn out to be of Christopher Wray, appointed by President Trump?
SENATOR TED CRUZ: Effectively, I believe he’ll make a selection. I believe both he’ll resign or President Trump will fireplace him. However it’s no secret to anyone, together with Chris Wray, that he’s not going to proceed to function the pinnacle of the FBI underneath Donald Trump.
Hear, should you take a look at James Comey and Chris Wray, there has by no means been a interval in our nation’s historical past the place the FBI has suffered a larger lack of respect, the place extra Individuals doubt the elemental integrity of the FBI.
And it is as a result of James Comey and Chris Wray presided over permitting the FBI to turn out to be a partisan cudgel for use to focus on dad and mom in school board conferences, for use to focus on individuals who selected to not take the COVID vaccine, for use to focus on President Trump and to focus on the political opponents of Joe Biden and the White Home.
It’s tragic. That’s not what the FBI is for. That’s not what the DOJ is for. And I obtained to say, Pam Bondi and Kash Patel, I believe, collectively are a really sturdy slate of nominees to go and restore integrity to each establishments.
MAJOR GARRETT: How do you place that up towards the prosecutions of Bob Menendez, a congressman, a Democrat from Texas, Hunter Biden? Are these political prosecutions as properly or not?
SENATOR TED CRUZ: Effectively, initially, let’s be clear. Bob Menendez was – was actually caught with gold bars and a stack of money together with his fingerprints taking bribes, and it is why Bob Menendez just isn’t my colleague anymore. At that time, the proof was overwhelming.
Look, Main, I wrote a whole guide entitled “Justice Corrupted: How the Left Has Weaponized the Authorized System.” And it broke down – it began, sadly, underneath Barack Obama, the place he started utilizing the federal authorities to focus on his political opponents.
The guide particulars what number of of these partisans then burrowed in to senior profession positions throughout the Trump administration. They waged battle towards President Trump throughout his first time period. And now, underneath Joe Biden, they’ve been open and brazen, and I believe it has finished unbelievable injury to the integrity of the Division of Justice and the FBI.
I believe Merrick Garland will go down in historical past as probably the most partisan legal professional normal our nation has ever seen. And I obtained to say, I hear repeatedly from – from prosecutors, from FBI brokers who’re deeply dismayed in regards to the establishment they’ve devoted a lifetime working for, as a result of, pay attention, I do not need a Republican Division of Justice.
I do not need a Democrat Division of Justice. I need a Division of Justice and an FBI that enforces the regulation no matter get together. And, sadly, we have not seen that these final 4 years.
MAJOR GARRETT: What are you able to inform us in regards to the three Individuals launched by China who’re in San Antonio? Have you ever been in contact with them? And do you’ve got any considerations in regards to the contours of that swap?
SENATOR TED CRUZ: Effectively, at this stage, we do not know the entire particulars of the contours of the swap, however I’ll inform you, I’m celebrating the return of three Individuals, particularly Mark Swidan.
Mark Swidan is a Texan from Houston. His mother, Katherine, is from Luling, Texas. I’ve talked with Katherine many instances. I authored and handed a decision within the Senate that handed unanimously calling for Mark Swidan’s return to America. He spent 12 years unjustly imprisoned in communist China.
I’ll inform you, I’ve raised it immediately with the overseas minister of China. I’ve raised it with President Biden. I’ve raised it with Secretary of State Tony Blinken.
And I’ll give them credit score on this. Tony Blinken, simply two weeks in the past was the latest time I spoke with him about Mark Swidan, and the administration has pressed the Chinese language authorities. And Mark Swidan is again house together with his mom, who has prayed for him, who has beloved – beloved him.
I need to say, Mark, welcome house. Katherine, congratulations. I instructed you today would come. It is a time the place all Texans and all Individuals must be celebrating.
MAJOR GARRETT: In a short time, Senator Cruz, as a result of I additionally know you care in regards to the case of Austin Tice.
SENATOR TED CRUZ: Sure.
MAJOR GARRETT: Do you’ve got any sense that the insurgent positive factors in Syria of the current classic could have any probability of unlocking Austin Tice’s freedom?
SENATOR TED CRUZ: I do not know. I actually hope and pray. Austin Tice wants to come back house. And I hope and pray.
Hear, there is a mixture of two issues working. One, as Joe Biden is within the means of transitioning out, any – any outgoing president is seeking to attempt to get some last wins. I might encourage him and I am positive he’s doing every thing he can to deliver Austin Tice house, to deliver the hostages in Gaza house, each the Israelis and the Individuals, deliver them house on this window.
I additionally suppose President Trump coming into workplace on January 20, the enemies of America, I believe, are afraid of President Trump. That may be a second. I hope we’ve got a second proper now that could be very very like the top of the Jimmy Carter administration…
MAJOR GARRETT: Sure.
SENATOR TED CRUZ: … proper earlier than Ronald Reagan got here in. And we noticed, on January 20, our hostages in Iran launched, I believe in important half as a result of the ayatollah was afraid of Reagan.
MAJOR GARRETT: Sure, sir.
SENATOR TED CRUZ: I hope the same dynamic is taking part in out. And if we will see extra hostages come house, that may be trigger for huge celebration.
MAJOR GARRETT: Republican Senator Ted Cruz of Texas, thanks. Good morning.
We’ll be again with Face the Nation in only one second. Please stick with us.
(ANNOUNCEMENTS)
MAJOR GARRETT: Welcome again to Face the Nation.
We go now to California Democratic Senator Alex Padilla. He joins us this morning from Porter Ranch, California.
Senator, good to see you.
Let’s begin with Kash Patel. Your response to that nomination or that instructed nomination from president-elect Trump?
SENATOR ALEX PADILLA (D-California): Effectively, good morning. Nice to be with you.
And, look, the – this announcement that Kash Patel goes to be nominated for a high-ranking place on the FBI, very key to the Division of Justice, raises a number of the identical questions that different bulletins and different nominations increase.
Are they going to go in there and do the job of – that the Division of Justice requires to really, actually be unbiased of the president of the USA, or is he moving into there to do Trump’s bidding? That is the massive query right here. Is it a real, respectable appointment or a political appointment to politicize the bureau and the Division in Trump’s – in Trump’s favor?
That is just the start of the questions that we anticipate to lift within the con – within the affirmation hearings that can start in January.
MAJOR GARRETT: Do you anticipate that the present FBI director, who has three years remaining, will simply should resign?
SENATOR ALEX PADILLA: Effectively, that is going to be a private resolution for Director Wray who, look, the general public ought to bear in mind, was a Trump appointee to start with.
And so he is obtained three years left. It is as much as him to resign or not. Your prior visitor instructed that Trump might very properly fireplace him, which is simply par for the course. Anyone who recollects the primary Trump administration recollects an entire lot of Cupboard officers being named, being confirmed, and being offered as the best factor since sliced bread.
And, as quickly as they lose favor with Trump, as quickly as they do not do one hundred pc of what he is demanding, abruptly, you recognize, they’re fired, a number of instances by social media posts. And so who is aware of what Donald Trump goes to resolve to do, whether or not it is with Director Wray, Kash Patel or any of his different nominees this coming time period.
MAJOR GARRETT: Through the first Trump administration, California common itself the resistance state. Some Democrats within the legislature have already begun to explain that as a cliche and say they do not even know what meaning anymore.
What does it imply?
SENATOR ALEX PADILLA: Look, I believe there’s a number of motive for concern of the second Trump administration, if the primary administration is any indicator.
I believe, because the governor, as different legislative leaders and even the congressional delegation have stated, if – if, you recognize, the federal authorities will proceed to assist California in its management in so many coverage areas, there’s a number of good work to be finished there.
However Donald Trump has made it no secret that he has it in for California, whether or not it is the withholding of catastrophe funds, I imply, a number of FEMA {dollars} that Donald Trump tried to maintain from, not the state authorities of California, however from California households, just because it is a state that didn’t vote for him within the presidential election. We’re attempting to inoculate ourselves from these forms of threats.
There’s additionally a number of good that – that may be finalized earlier than the top of the Biden administration, whether or not it is Environmental Safety Company waivers that can enable California to proceed to develop our economic system whereas tackling local weather change aggressively, waivers at Well being and Human Providers that may give California somewhat little bit of flexibility with our Medicare {dollars} to have the ability to additionally deal with behavioral well being points, psychological well being problems with Californians, as a result of when – we all know that treating the entire physique is sweet for each bodily and psychological well being.
We’re attempting to ensure these waivers…
MAJOR GARRETT: The place do these – the place – the place…
SENATOR ALEX PADILLA: … are locked in earlier than the top of the Biden administration.
MAJOR GARRETT: The place do you stand with the Biden administration on that, Senator? Are they going to be responsive?
SENATOR ALEX PADILLA: They have been very encouraging that the technical work can and must be finished earlier than the top of the time period.
However we’ll realize it when there’s signatures on the paperwork that we’d like. However, once more, these are simply examples that we need to lock into place earlier than President Trump comes into workplace, after which can use it both as a risk, as a punishment, or, as Senator Cruz talked about within the prior phase, merely leverage to get different issues he would need out of California.
MAJOR GARRETT: You understand President elect Trump has promised mass deportations. You additionally know, in California, there’s a state regulation that tells native regulation enforcement to not take part and cooperate with ICE brokers in deportation or identification processes.
The incoming Trump administration border czar, Tom Homan, has stated any regulation enforcement who do not cooperate might be prosecuted underneath federal regulation. How is that this going to be resolved?
SENATOR ALEX PADILLA: Sure. Effectively, I believe there’s an necessary distinction right here.
No state authorities, not Texas, not California, not any state within the nation, has a constitutional authority to impose federal immigration regulation. That’s the duty of the federal authorities. Some states like Texas need to push the envelope and attempt to discover a option to help, however there is no obligation to take action.
And that is what California leaders and municipal leaders all through the state are saying. You understand, we’re not going to make the most of state and native assets to do the federal authorities’s job for them, primary. I believe there is a lengthy historical past of this being sensible public security coverage as properly.
California is probably the most populous state within the nation, probably the most various state within the nation, house to extra immigrants than any state within the nation. And the very last thing you need to do is have immigrants who’re victims of crime afraid to come back ahead to report that crime. The very last thing you need is immigrants who could also be witnesses to crime to be afraid to come back ahead and share any info that they’ve within the investigation and prosecution of crimes.
That is what we’re speaking about right here. Let the federal authorities do the federal authorities’s job, however have state and native officers do the state and native officers’ job. There does not should be a battle, except that is what Trump desires.
MAJOR GARRETT: The governor has referred to as a particular session that can convene this week to put aside cash to battle the Trump administration.
Will a few of that cash even be put aside to guard migrants and undocumented immigrants in California as they search both authorized recommendation or continued authorized monetary backing to assist their efforts to remain inside California and the USA?
SENATOR ALEX PADILLA: Sure, once more, if the primary Trump administration is any indicator, we all know that there’ll proceed to be a number of worry in communities and communities that should know what their rights are and what their rights are – aren’t.
And so, if it is authorized help, authorized recommendation, authorized assist, that is simply the California means. We embrace our range. Our range is what has made our communities thrive and our economic system thrive. And so we’ll help households towards the threats of the Trump administration.
If we needed to type of lower to the chase, you recognize, we’re listening to a number of bombast from Trump and his allies in regards to the greatest deportation operation in our nation’s historical past, on the one hand, versus a – perhaps a give attention to violent criminals on the opposite.
No person – no person disagrees with a give attention to violent criminals.
MAJOR GARRETT: Sure.
SENATOR ALEX PADILLA: Democrats, Republicans agree. However that is very totally different…
MAJOR GARRETT: Sure.
SENATOR ALEX PADILLA: … than hundreds of thousands and hundreds of thousands of individuals being deported indiscriminately, not simply tearing households aside, tearing communities aside…
MAJOR GARRETT: Sure, Senator.
SENATOR ALEX PADILLA: … however great injury to our economic system that that may create.
MAJOR GARRETT: Senator Alex Padilla, Democrat from California, we thanks to your time this morning.
And we’ll be again immediately with much more Face the Nation. I invite you to please stick with us.
(ANNOUNCEMENTS)
MAJOR GARRETT: You’ll want to tune in to CBS Information on January 20 for full protection of Donald Trump’s inauguration right here in Washington, D.C. You’ll be able to watch dwell on CBS, on Paramount+, or on our CBS Information app.
(ANNOUNCEMENTS)
MAJOR GARRETT: We might be proper again with CBS Information enterprise analyst Jill Schlesinger, White Home Nationwide Safety Adviser Jake Sullivan, and creator H.W. Manufacturers.
Please stick with us.
(ANNOUNCEMENTS)
MAJOR GARRETT: Welcome again to FACE THE NATION. We’re joined now by CBS Information enterprise analyst Jill Schlesinger. She’s in Southampton, New York, this morning.
Jill, Senator Ted Cruz described tariffs and the risk thereof as leverage. However what I am interested by economically is, do retailers view it as solely leverage, do shoppers view it solely as leverage, or are they starting to alter their conduct in anticipation?
JILL SCHLESINGER: Effectively, let’s simply speak about whether or not or not they’ll change their conduct. We all know that t right here have been some retailers who have been type of dangling this out round this vacation weekend, saying, oh, purchase now as a result of tariffs might make costs go up. I do not know what the motivation of most individuals is after they store, however I am undecided it is tariffs.
What we do find out about tariffs is, bear in mind, it is a payment that’s imposed on an imported good. The importing firm, the U.S. firm that takes that good in has to decide in that second. And that firm has to resolve, are we going to eat it and perhaps make much less cash this yr, or are we going to move it alongside to shoppers. So, that’s the reason shoppers are somewhat unnerved by this, and companies are as properly, as a result of they’re probably not positive whether or not they can move that alongside and have shoppers pay that extra worth.
What we all know is, over the long run, in historical past, tariffs have a tendency to extend the worth of sure items. It is not essentially throughout the board. However, you recognize, it’s onerous coming off of what we have simply come by way of in the previous few years with this inflationary spike to think about that buyers are simply going to take it in stride. It’s a actual onerous factor to think about that any firm or client goes to really feel like they need to take up larger costs at this level.
MAJOR GARRETT: Jill, there was a tariff story within the first Trump administration. Do you foresee a deeper and totally different tariff story doubtlessly in Trump 2.0?
JILL SCHLESINGER: Effectively, I believe there’s two components of that query, which is, we do not know what these tariffs are. And as Senator Cruz stated, it is a negotiation. So, we do not know whether or not we will land in that negotiation. However a giant distinction between the place we’re at this time and the place we have been again in 2017 and 2018 is, throughout the early Trump administration, what we had was extremely low inflation. That was after the monetary disaster. For all these years, inflation or costs solely grew by about lower than 2 p.c a yr.
Now, evaluate that with the place we at the moment are. We had inflation spike at a 40- yr excessive of 9 p.c in the summertime of 2022. Sure, that inflation charge has come down, however costs are nonetheless about 22 p.c, 23 p.c larger than they have been simply 4 or 5 years in the past. So, the massive distinction between the primary Trump administration and the second Trump administration is costs are already excessive, and there are various Individuals who’re struggling.
So, I believe that that’s the actual worry amongst economists that I converse to. They’re nervous that that is going to trigger an actual nervousness amongst shoppers, and that buyers would possibly pull again at a time the place they – really, the economic system’s doing fairly properly.
MAJOR GARRETT: Speaking in regards to the economic system doing properly. You crunch a number of numbers, Jill, and all the time break them down so simply for our viewers. Whenever you take a look at the info, what’s one of the best information you see and what’s probably the most worrisome signal?
JILL SCHLESINGER: Effectively, one of the best information as – is that the labor market has grown actually considerably and has stored up. So, I believe that the labor market has been the motive force of this economic system. And it has been fairly constant.
The opposite a part of the excellent news story is that the USA economic system, greater than every other developed nation, has come out of the Covid period and that post-Covid inflationary spike a lot stronger in a progress mode. So, we’re seeing actually good issues from the labor market. We’re seeing issues within the economic system. We’re seeing that AI and know-how is de facto in a increase interval. These are all great issues.
So, what is the draw back right here? I hate to be a kill pleasure, however why not, I play one on Sunday mornings. And what I can see is that these tariffs might trigger an issue for lots of shoppers who’re already struggling, and likewise this concept that we’re going to see the extension of the tax cuts from the primary Trump administration within the particular person tax code. There’s a worry amongst some buyers that whereas we might not have a disaster proper now in the case of the debt and the deficit, that the extension of these tax cuts might begin to actually unnerve monetary markets. Not occurred but, however these are the 2 worrisome issues, the tariffs and the debt and deficit. I believe these are the 2 looming issues. And, in fact, all of the issues we will not ponder proper now.
MAJOR GARRETT: The three inventory indexes have gone up fairly repeatedly since Election Day. Is {that a} methodical and properly thought out response to an election or a form of exuberance that will quickly run its course?
JILL SCHLESINGER: Time will inform. I believe that the preliminary investor response was a second Trump presidency would imply a drop within the tax charges – or the extension of the tax cuts and people tax charges would principally be in place for an additional 4 years. So, we would have low taxes, which is sweet for particularly the wealthier individuals on the market. They love low taxes. And company taxes have been already enshrined within the code. OK, so we’ve got taxes staying low. That is a giant issue whenever you come – in the case of investing.
The second half is the concept that a Trump administration would have a light-weight regulatory contact. So, whenever you noticed that first few buying and selling – these first few buying and selling days after the election, what went up rather a lot? Essentially the most extremely regulated industries. So, that could possibly be vitality, that could possibly be banking, that could possibly be different areas the place you possibly can really want an industrial firms the place you want a number of regulatory prominence within the working of your corporation. Lighter regulatory contact will imply that these companies will do properly.
OK, so is it exuberance or not? Who is aware of? I can solely inform you that as somebody who watches markets on a regular basis, when all people tells me that the sky is evident and the solar is shining and it is rainbows and unicorns, the one factor I can bear in mind is what my father used to say is, properly, nobody ever rings a bell on the prime or on the backside. So, should you’re a person investor, do not rely on every thing being nice. There’s going to be a market slide. There’s going to be a sell-off in some unspecified time in the future. Do not rely on every thing being nice on a regular basis. Stick with your sport plan and solely change that sport plan, not when the administration modifications, however when your individual life modifications. That is it.
MAJOR GARRETT: Breaking it down for us, as all the time, and superbly so. Jill Schlesinger, thanks so very a lot.
And we’ll be proper again.
(ANNOUNCEMENTS)
MAJOR GARRETT: We’ are joined now by President Biden’s Nationwide Safety Adviser Jake Sullivan. He’s in New Fort, New Hampshire, this morning.
Jake, good morning. It is good to see you.
The Hamas video launch of Edan Alexander, I do know the administration regards it as a merciless propagandistic maneuver, however do you detect something tactical in any respect within the timing of the discharge of this video, Jake?
JAKE SULLIVAN (President Biden’s Nationwide Safety Adviser): Effectively, Main, first, thanks for having me.
And so far as this video, it’s a merciless reminder of the barbarity and the brutality of Hamas, holding so many harmless individuals hostage, together with Individuals, together with Edan. We have been in contact with Edan’s household yesterday. I will be speaking to the households of the entire American hostages, together with Edan’s household, this week.
And I do suppose that Hamas is feeling the stress. They’re feeling the stress as a result of one in every of their foremost companions in crime right here, Hezbollah, has now lower a ceasefire deal and so they thought that Hezbollah can be with them till the top. They’re feeling the stress, in fact, as a result of their prime chief, Sinwar, has been killed. So, they could be trying anew at the potential for getting a ceasefire and hostage deal, and we’re working actively with the entire key gamers within the area, together with Israel and Turkey and Qatar and Egypt to attempt to deliver that about.
MAJOR GARRETT: The destiny of the hostages, in fact, on the administration’s thoughts, on the minds of all Individuals and all within the area. But additionally, Jake, I am positive you noticed during the last couple of days the video from Gaza of Palestinians surging to attempt to get a loaf of bread, in some circumstances crushing each other unintentionally. All ideas are that the humanitarian scenario there may be – if it already is not previous disaster stage, close to famine disaster stage.
How a lot does that intensify the necessity to get this factor throughout, as you simply stated, the end line?
JAKE SULLIVAN: The humanitarian scenario in Gaza is a disaster. You have got too many people who find themselves affected by shortages of meals, water, medication, entry to sanitation. Harmless individuals who deserve a measure of peace and deserve entry to all of these life-saving provides in abundance. The US has been working, week in, week out, month in, month out, to open crossings, to maneuver vehicles, to insure that humanitarian help will get in. And at crucial moments, we’ve got been capable of intervene in ways in which have staved off the worst case eventualities of famine. However it’s always stocking (ph) Gaza. And so extra must be finished to get help in.
Now, a part of the issue, as we have seen simply within the final 24 hours, just isn’t really transferring help from outdoors Gaza into Gaza, however transferring it round Gaza as soon as it is inside. The U.N., the truth is, stated it was suspending motion from sure areas of Gaza due to considerations about looting. These are all issues that may be helped if there have been a ceasefire in place.
MAJOR GARRETT: Jake, is the chance of a ceasefire enhanced or undercut when somebody reminiscent of South Carolina Senator Lindsey Graham says, President- elect Trump desires a ceasefire earlier than inauguration deal. Does that enable you to or harm you?
JAKE SULLIVAN: Look, I believe the important thing actor proper now holding the choice on the ceasefire is Hamas. And the important thing factor motivating Hamas just isn’t American politics or the American presidential transition, it is their dedication about whether or not or not it is sensible for them at this level, after Hezbollah has deserted them, after their chief has been killed, after their navy formations have been degraded to lastly say sure to a ceasefire and hostage deal. That is going to be the telling factor greater than something that is stated again right here.
However I’ll say this, there was superb coordination between our workforce and the incoming workforce on the entire points of the disaster within the Center East. We felt it was necessary that we be in contact with them, to maintain them in control on what’s occurring, as a result of this handoff has obtained to be easy. And so they, in flip, have reciprocated by being open and clear and dealing with us. That is the way it must be in a transition. That is what we will preserve driving for, for daily that we’ve got left in workplace.
MAJOR GARRETT: Jake, I need to have a dialog with you about leverage on the subject of the Israeli authorities. I need to play for you one thing that Maryland Democratic Senator Chris Van Hollen stated on this program per week in the past.
Let’s pay attention.
(BEGIN VC)
SENATOR CHRIS VAN HOLLEN (D-MD): We have seen this sample the place President Biden makes calls for of Prime Minister Netanyahu, solely to be ignored or slapped down completely. After which President Biden sends extra bombs and more cash. That’s not an efficient use of leverage.
(END VC)
MAJOR GARRETT: Your response?
JAKE SULLIVAN: To start with, I respect Senator Van Hollen. He is aware of these points in addition to any individual in Washington, and he’s captivated with them.
However, in fact, we’ve got a unique perspective. We have now, at varied factors over the course of this battle, made asks of the Israelis in keeping with our values and our pursuits. Have we gotten every thing we have requested for? No. Have we seen a change in Israeli conduct with respect to the motion of humanitarian help, with respect to how they carried out sure navy operations, together with in locations like Rafah? Sure, we’ve got.
And so, we do imagine that we have had a constructive engagement with the Israeli authorities and likewise been capable of make a distinction on the bottom with respect to the movement of humanitarian help.
As well as, we labored intently with the Israeli authorities to deliver a couple of ceasefire in Lebanon. A ceasefire individuals stated wasn’t doable till a brand new administration took workplace.
MAJOR GARRETT: Jake, I need to take – flip your consideration to Ukraine, the place the Ukrainian President Volodymyr Zelenskyy appeared to point in a current interview that he might probably be open to a peace settlement through which Russia retains the territory it has. Ukraine, that means Kyiv, retains all the remaining, if that’s swiftly introduced underneath the umbrella of NATO. Is that the define or the contours of one thing you imagine the administration believes could possibly be workable?
JAKE SULLIVAN: Effectively, Main, I am sorry to disappoint you. I can not negotiate in public in your program, and I actually cannot negotiate on behalf of President Zelenskyy, who actually ought to converse for himself in the case of the future of his nation. The way forward for Ukraine must be decided on the negotiating desk by choices of the Ukrainians, not imposed from the skin by the USA or anyone else.
I’ll say, although, that we’ve got been partaking with the Ukrainians over the course of this yr on the way you marry the assist we offered them to be used on the battlefield with a diplomatic technique for the negotiating desk.
MAJOR GARRETT: And a few current choices within the administration have been criticized by Republicans as setting the scenario on fireplace, that means ATACMS and anti-personnel mines. These advocates for Ukraine say these choices are means too late to alter the battle area in any strategically necessary means. The place do you come down?
JAKE SULLIVAN: Anti-personnel land mines, that are nonpersistent mines that shut off after two weeks so they do not symbolize a long run risk to civilians, these could possibly be useful towards the actual kind of ways that the Russian infantry is utilizing proper now in jap Ukraine. So, he is sending them.
The ATACMS permission into Russian territory, that was a call he took after Russia escalated by introducing North Korean troops into this battle, a overseas military into this battle. In order that was a accountable, coordinated step that we took with different allies to answer that provocation, to that escalation by Russia.
The president has been clear all alongside, we’re going to give Ukraine the instruments it wants. We’re additionally going to do what we will to place them in the very best place on the battlefield so that they’ll be in the very best place on the negotiating desk, after which this battle will in the end finish in diplomacy.
MAJOR GARRETT: Nationwide Safety Adviser Jake Sullivan, thanks a lot to your time.
And we’ll be proper again with much more FACE THE NATION.
Please, stick with us.
(ANNOUNCEMENTS)
MAJOR GARRETT: Welcome again.
We flip now to creator and historian H.W. Manufacturers. He’s the Jack S. Blanton senior chair on the College of Texas in Austin. And his newest guide is “America First: Roosevelt vs. Lindbergh within the Shadow of Battle.”
He joins us this morning from Austin, Texas.
H.W., it is nice to see you.
To start with, what does this America first conflict then inform us if something about at this time and references to America first?
H.W. BRANDS (Writer, “America Frist: Roosevelt vs. Lindbergh within the Shadow of Battle”): The talk that I describe within the guide is whether or not the USA ought to enter World Battle II. Between the time Germany began the battle in September of 1939 and the USA entered the battle in December of 1941, that was the slim focus of the talk. The bigger query and the one which persists at this time is, what do Individuals suppose their nation’s function on the earth should be? Ought to the USA, should the USA take a number one function on the earth? Ought to the USA concern itself in conflicts amongst different nations that maybe do not immediately tackle American pursuits? This – this was the query then. It is a query we’re coping with once more at this time.
MAJOR GARRETT: Should you might, sketch out briefly Charles Lindbergh’s stature on the time this debate with Franklin Delano Roosevelt was engaged.
H.W. BRANDS: Lindbergh got here to the eye of the American public, certainly to the world public, in 1927 when he flew a solo flight for the primary time throughout the Atlantic Ocean. He grew to become this nationwide hero. He grew to become a world celeb for undertaking this nice technical feat, nevertheless it was additionally a feat of non-public daring.
He was a darling of the USA, a darling in different nations. He was adorned by overseas governments. He grew to become an early celeb in an age when celeb was first beginning to take type. So, that was his place as of 1927.
His celeb took a unique flip within the early Thirties when his and his spouse’s toddler son was kidnapped and murdered in what then was referred to as the crime of the century, which gave rise to the trial of the century. And so, this golden boy, abruptly had a darkish shadow solid throughout his life. And so he was, in some methods, this star-crossed hero at that time.
He continued to be influential in aeronautical engineering circles. He knew rather a lot about plane. However within the American thoughts he was this – he was this nice celeb. And many individuals have been stunned really that he did take a number one function within the debate over American coverage as a result of he was not a political determine, he eschewed politics.
MAJOR GARRETT: And in that debate with Roosevelt, did Roosevelt and his administration regard Charles Lindbergh as a possible political risk? And in that case, how did they take care of it?
H.W. BRANDS: It is somewhat bit onerous to say. Franklin Roosevelt in some unspecified time in the future determined that he needed to run for a 3rd time period. This broke a long- standing, casual rule of American politics. And he knew that Republicans have been always going as much as Charles Lindbergh and saying, you possibly can be president. You would be an important candidate.
Lindbergh’s father had been a congressman, however Lindbergh took from his father’s expertise, which turned out badly due to his opposition to American coverage throughout World Battle I, that he did not need to have something to do with politics or politicians. He thought-about politicians a bunch of liars, individuals who couldn’t be trusted and he thought-about politics this low and type of imply occupation that he needed to don’t have anything to do with.
MAJOR GARRETT: When this debate started in 1931, Lindbergh was in a single place. When it led to 1941, he was in a unique place within the public thoughts. Some accused him of being a Nazi sympathizer. Some editorialist described him as an anti-Semite. The place do you come down?
H.W. BRANDS: The one factor I ought to say is that everyone who calls him an anti-Semite or a Nazi sympathizer, had political causes for doing so as a result of Lindbergh grew to become the face of opposition to American intervention within the battle. And it served his opponents’ functions to color him on this unfavorable class.
When it comes to his Nazi sympathy, he – there have been American Nazis. There was an American Nazi get together. They have been clearly Nazi sympathizers. Lindbergh was not a member of the get together. In actual fact, the America first committee, of which Lindbergh was a component, took pains to maintain its distance from these. Lindbergh didn’t need Germany to win the battle. His place was that the USA shouldn’t place its frontier of safety in the course of Europe the way in which Franklin Roosevelt and the interventionists seems to be doing.
However as a result of he took that place – and it was a place the Germans supported. The Germans did not need the USA to enter the battle. There was this goal sense through which one might say that when Lindbergh gave a speech, it served the needs of the German authorities.
MAJOR GARRETT: How about his appraisal of American Jews needed to push America into the battle after which exercising outsized affect culturally in our nation?
H.W. BRANDS: So, the fees of anti-Semitism towards Lindbergh actually are related to a single speech he gave within the autumn of 1941, through which he recognized three teams that in his opinion have been most influential in pushing the USA towards battle. One was the British authorities. Britain was already at battle, and he defined it was pure that they’d attempt to get the USA concerned within the battle. The second group he stated was American Jews. And he stated, it is completely comprehensible that they need to need the USA to get into the battle given what Hitler and the Nazis have finished to their kin, associates, co-religionists in Europe. And the third group was the Roosevelt administration. He was most crucial of the Roosevelt administration as a result of Lindbergh claimed that Roosevelt was utilizing the excuse of the battle to additional his personal political ambitions.
Now, merely for mentioning American Jews within the context of battle coverage, the sky fell down upon Lindbergh. Everyone who needed to make it possible for they weren’t accused of anti-Semitism, all people who opposed Lindbergh’s coverage got here down and pointed the finger of anti-Semitism at Lindbergh.
To what extent was Lindbergh really an anti-Semite? Effectively, I might – I might – I might – I might put him within the class of the type of not in my nation membership form of anti-Semite, which was extraordinarily widespread in the USA on the time.
MAJOR GARRETT: In a short time, H.W., there is a conflict over info and disinformation. Either side warn one another and the American public about that. Unspool that for us, should you might, actual fast.
H.W. BRANDS: The British authorities and the germane authorities, the 2 antagonists within the battle at that time, have been each engaged in propaganda campaigns in the USA. And so, when the British authorities would plant editorials, options in American newspapers, typically unknown to the studying public, then Lindbergh and his aspect would say, properly, look what the British authorities is doing. When the German authorities would do one thing related, then the Roosevelt administration would say, take a look at what the German authorities is doing. So, all sides then, the governments of the 2 sides, they have been doing their finest to sway American public opinion as a result of they realized that ultimately it was American public opinion that needed to be persuaded.
MAJOR GARRETT: H.W. – overseas interference in American public opinion then and now.
H.W. Manufacturers, it has been a pleasure. Thanks a lot.
And we’ll be proper again.
(ANNOUNCEMENTS)
MAJOR GARRETT: That is it for us at this time. Need to thanks for watching.
For FACE THE NATION, I am Main Garrett.
(ANNOUNCEMENTS)
.aspx?w=150&resize=150,150&ssl=1 "Felix Auger-Aliassime Will get Engaged to Nina Ghaibi")
