Episode 755: Wilbur Ross on “Risks and Returns”

On the 30th anniversary of the Contract with America, Newt discusses the historical significance of the Contract, a pivotal moment in U.S. political history. He talks about his leadership aspirations upon his arrival in Congress, which culminated in the Republican Revolution of 1994. This revolution marked the end of 40 years of Democratic control in the House of Representatives, leading to significant reforms such as welfare reform and a balanced federal budget. Newt underscores the strategic planning and team effort behind the Contract with America, emphasizing its role in shifting the balance of power in Washington and its lasting impact on American politics.See omnystudio.com/listener for privacy information.

Newt talks with Wilbur Ross, former U.S. Secretary of Commerce and renowned investment banker, he shares insights from his new book, "Risks and Returns: Creating Success in Business and Life." Ross recounts his journey from humble beginnings in New Jersey to his education at Yale and Harvard, and his 55-year career on Wall Street, where he restructured over $400 billion in assets. He discusses his tenure as Secretary of Commerce under President Trump, his approach to distressed securities, and his role in renegotiating NAFTA. Ross also reflects on his early life lessons, his transition from Democrat to Republican, and his unique experiences with Donald Trump.See omnystudio.com/listener for privacy information.

Newt talks with Max Boot, a senior fellow for National Security Studies at the Council on Foreign Relations and a bestselling author. They discuss Boot's new book, "Reagan: His Life and Legend," which has been acclaimed as the definitive biography of President Ronald Reagan. Boot shares insights from his extensive research, highlighting Reagan's ideological journey from a New Deal Democrat to a conservative icon, his pragmatic approach to governance, and his significant role in ending the Cold War. The conversation also touches on Reagan's early life, his Hollywood career, and his impactful speeches, including the famous "A Time for Choosing" speech. Boot emphasizes Reagan's ability to balance ideology with pragmatism, a lesson he believes is crucial for today's political leaders.See omnystudio.com/listener for privacy information.

Newt talks with bestselling presidential historian and former White House aide, Dr. Tevi Troy. Troy discusses his new book, “The Power and the Money: The Epic Clashes Between Commanders in Chief and Titans of Industry,” which explores the intricate relationships between U.S. presidents and chief executive officers (CEOs). Troy reveals how CEOs provide essential support to presidents through personnel, policy insights, and campaign contributions, while also serving as both allies and adversaries. They discuss historical examples, such as the interactions between James A. Garfield and John D. Rockefeller, and the complex dynamics between Theodore Roosevelt and big business. Troy also shares insights from his previous works on presidential history and reflects on his experiences working in the White House.See omnystudio.com/listener for privacy information.

Newt talks with former Minnesota Congressman Vin Weber. They discuss his political journey and his views on the current political landscape in Minnesota. Weber, a founder of the Conservative Opportunity Society, shares his insights on the rise of Governor Tim Walz, the current governor of Minnesota and the Democratic vice-presidential nominee. Weber criticizes Walz's fiscal policies, claiming they have led to a significant increase in taxes and a decrease in private sector job creation. He also discusses Walz's controversial stance on issues such as immigration and transgender rights. Weber expresses concern about the direction of Minnesota politics, citing a shift towards progressive values and a disregard for parental rights. Despite his criticisms, Weber maintains his love for Minnesota and encourages listeners to visit the state.See omnystudio.com/listener for privacy information.

Kat Timpf, a libertarian commentator and comedian, shares her unique perspective on the importance of refusing to choose sides in political and social debates. Drawing from her experiences at Fox News and her career in comedy, Timpf discusses how engaging in conversations with respect and humor can bridge gaps and lead to enlightening outcomes. Her new book, "I Used To Like You Until," encourages readers to reconsider binary thinking and highlights the value of connecting with people who hold different viewpoints. Timpf also reflects on her personal journey, including her struggles and triumphs, and emphasizes the power of vulnerability and open dialogue in fostering understanding and reducing polarization.See omnystudio.com/listener for privacy information.

Newt analyzes the presidential debate between President Donald Trump and Vice President Kamala Harris. Newt observes that Harris focused on style over substance, while Trump emphasized key issues like the economy and immigration. The debate was marked by perceived bias from the ABC News moderators, who appeared to be more supportive of Harris. Despite Harris's polished presentation, Newt argues that Trump effectively addressed the core concerns of voters, particularly on economic issues. Polls taken after the debate suggest that while Harris performed well stylistically, Trump gained ground on substantive issues, reflecting a divide between elite opinions and those of the general public.See omnystudio.com/listener for privacy information.

Newt commemorates the third anniversary of the terrorist attack at Abbey Gate outside of Kabul Airport, which claimed the lives of 13 American heroes and approximately 170 Afghan civilians. Newt’s guest is Christy Shamblin, the mother-in-law of Sergeant Nicole Gee, one of the service members killed in the attack. Shamblin shares personal stories about Nicole, her life, and her service in the Marine Corps. They also discuss the new film "Culture War: The Deadly Consequences of a Woke War Machine," which features the Gold Star Families of the 13 fallen service members sharing their experiences and losses. The film, produced by the American Principles Project, is currently streaming on X, YouTube, and Rumble.See omnystudio.com/listener for privacy information.

Newt talks with Michael Barone, a senior political analyst for the Washington Examiner and a resident fellow emeritus at the American Enterprise Institute. Their discussion covers the impact of Robert F. Kennedy, Jr.'s suspension of his presidential campaign and endorsement of Donald Trump and the significance of this move in shaping the 2024 race. Their conversation also touches on the shifting political landscape, the polarization of the two main political parties, and the potential outcomes of the upcoming election. They conclude with a discussion on the importance of the debates and the different skill sets of each of the candidates.See omnystudio.com/listener for privacy information.

"City of Dreams" is a new film that tells the story of Jesús, a young Mexican boy whose dreams of becoming a soccer star are shattered when he's trafficked across the border and sold to a sweatshop in Los Angeles. The film, written and directed by Mohit Ramchandani and produced by Roadside Attractions, is a thrilling narrative that sheds light on the issue of child trafficking and forced labor in the United States. The film's executive producer, Vivek Ramaswamy and producer, Sean Wolfington, discuss the importance of the film and the need for action against child trafficking. The film is currently in theaters nationwide.See omnystudio.com/listener for privacy information.