PBD Podcast
PBD Podcast

Trump's State of the Union + Supreme Court Tariff Troubles | PBD #746

February 25, 2026

AI Summary

5 min read

Trump's State of the Union + Supreme Court Tariff Troubles

The State of the Union: A President Having Fun

President Trump's State of the Union address last night was the longest in history, breaking Bill Clinton's record at roughly 145-150 minutes. Kenneth Rogoff, the MIT-trained economist, Harvard professor, former IMF chief economist, and chess grandmaster who joined the podcast, offered a simple take: "The most striking thing is he's having fun. He enjoyed it." Rogoff noted that Trump's charisma is undeniable in person, and that after four years to think about what went wrong, "he feels like he's doing it."

The Wall Street Journal's headline captured the administration's framing: "Trump Hails an Economic Turnaround." Tom pointed out that while inflation has stopped driving prices up further, the cumulative damage remains visible to voters who still face expensive grocery bills. "Many voters don't see it because every week you go to the grocery store," he said, adding that Democratic messaging reinforcing economic pain doesn't help.

The Supreme Court Tariff Ruling

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What you'll learn

  • 1 (00:26) **State of the Union Recap & Initial Reactions** - The panel discusses Trump's record-long speech, his demeanor, and the Democratic response.
  • 2 (09:18) **State of the Union: Economic Turnaround vs. Voter Perception** - The panel debates whether the economic progress touted by Trump is being felt by average Americans.
  • 3 (14:42) **Democratic Party Disarray & Nancy Pelosi's Insider Trading** - The panel analyzes the lack of a clear Democratic frontrunner and Pelosi's uncomfortable response to questions about stock trading.
  • 4 (25:29) **The Rise of Progressive Democrats & New York's Fiscal Crisis** - The panel discusses the growing influence of AOC and Mamdani, and the economic consequences of their proposed policies.
  • 5 (31:44) **Tariff Fallout: Supreme Court Ruling, Refunds, and National Security** - The panel analyzes the Supreme Court's tariff ruling, the flood of refund claims, and the broader implications for trade and national security.
  • 6 (46:55) **Balance of Power: Executive Orders, War Powers, and the Filibuster** - The panel discusses the long-term implications of expanding executive power and the importance of checks and balances.
  • 7 (58:09) **Immigration, Voter ID, and the Democratic Strategy** - The panel analyzes the political strategy behind open borders and the push against voter ID laws.

+ Full timestamped outline available in the app

Show Notes

Patrick Bet-David, Tom Ellsworth, and Brandon Aceto are joined by economist Kenneth Rogoff as they break down Trump’s State of the Union address, escalating U.S.–China trade war tensions, FedEx’s lawsuit over tariff policy, Xi Jinping’s strategic leverage, the European Union’s rejection of U.S. trade terms, and the broader market and supply chain fallout.

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ABOUT US:

Patrick Bet-David is the founder and CEO of Valuetainment Media. He is the author of the #1 Wall Street Journal Bestseller “Your Next Five Moves” (Simon & Schuster) and a father of 2 boys and 2 girls. He currently resides in Ft. Lauderdale, Florida.

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