Assessing The Start of Trump's Second Term: Economy, Foreign Policy, and Culture

3 Martini Lunch

Radio America

Politics, Daily News, News Commentary, News

4.6 • 1.4K Ratings

🗓️ 28 February 2025

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Before heading out on his trip, Jim and Greg recorded a special episode analyzing the Trump administration’s early weeks, covering key issues from the economy to foreign policy and cultural battles.

First, they break down the economy. Jim highlights Trump’s positive moves on taxes and deregulation but warns that tariffs, particularly against Canada and Mexico, could backfire. Greg focuses on DOGE’s efforts to track government spending and the Democrats’ unhinged reaction to the audit. But will it lead to real fiscal responsibility? He’s skeptical.

Next, they assess foreign affairs. Jim notes that Iran and its proxies have curbed their aggression under Trump, and decisive action is being taken against terrorists. However, he criticizes Trump’s habit of publicly chastising U.S. allies. Greg argues that Trump’s unpredictability is a strength but warns he must be ready for the consequences of issuing ultimatums.

Finally, they tackle cultural issues. Jim praises Trump for rooting out DEI from the federal government but cautions that some newfound conservative allies—like those opposing men in women’s sports—won’t align on other issues. Greg agrees Trump has handled the major cultural fights well but stresses that he must stay focused on core voter concerns: inflation and immigration.

Oh, and if you hear Jim and Greg joking about a calamity prompting this episode, don’t worry—they’re both fine! Jim is set to return for regular episodes early next week.

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Transcript

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0:00.0	Welcome to the three martini lunch.
0:04.9	Grab a stool next to Greg Corumbus of Radio America and Jim Garrity of National Review.
0:10.6	Three martini's coming up.
0:13.4	And welcome to a special edition of the three martini lunch.
0:17.0	As you know, if you're a regular listener, Jim is away, and we thought it might be a good idea,
0:21.2	just in case there was a day that I wasn't available to do the podcast that, hey, we should have one ready to go.
0:26.0	And so that's what today is. We don't know what day this is airing or if it's going to air at all.
0:30.7	But we want to talk about what we're seeing so far early on in the second Trump administration. It's obviously very, very early, but there's
0:37.8	been a large flurry of activity in a number of different areas. And so as we look at the three
0:42.6	legs of the traditional conservative stool, you've got economics, you've got foreign affairs,
0:47.8	and you've got cultural issues. And so, Jim, let's start on the economic front. What do you
0:53.4	like so far? And what's got you a little
0:55.0	concern? By the way, for people wondering, wait a minute, why am I getting a taped one with
0:58.9	Jim and Greg? Shouldn't one of them be around? Look, right now, we're both fine. I mean,
1:04.1	as of this recording several weeks ago, I have no idea how we're doing right now. But nonetheless,
1:08.6	we're probably fine. We're probably fine. You probably have nothing to
1:12.3	worry about. But just to get savor this episode. It's probably going to be great. All right.
1:19.1	On the economic front? Yes. Yes. Okay. All right. On the economic front, I think there's been,
1:25.3	you know, the unleashing of animal spirits you talk about in the stock markets, right?
1:29.7	People know that the era of high taxes, high regulation, this idea that more government is better government, that's coming to an end.
1:38.5	And you're going to see, you know, some version of the Trump tax cuts will get passed.
1:43.3	You know, with a bunch of details to be hammered out, are you going to increase the
	...

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