Transcript
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Hello and welcome to this week's episode of the David Frum Show. I'm David Frum, a staff writer at the Atlantic. My guest this week will be Tim Naftali. You may know Tim from his many appearances on cnn. He talks about the history of the presidency. Tim is a distinguished historian of US Diplomacy during the Cold War. He was also the founding director of the Richard Nixon Presidential Library. And we'll be talking about the many strange schemes, strange money making schemes around the plan for a Trump presidential library in Miami. And we'll be talking about the chaos and danger of the Trump foreign policy as it stumbles toward conflict with Europe, over Greenland, in South America, over Venezuela, in Iran, in the Far East. My book this week will be Jane Eyre by Charlotte Bronte. And I'll be talking about that and what it tells us about our changing attitudes toward children and toward cruelty. But before the dialogue with Tim, before the book discussion of Jane Eyre, some preliminary thoughts about what we have seen in these remarkable early days of of January 2026. It does seem that the MAGA movement and the Trump presidency have entered a kind of crazy death spiral. So many bizarre and menacing things have happened in just the past few days. There seems to be a kind of intensification of the crisis that has been with us since the beginning of the Trump era, the crisis that has been with us since the beginning of the Trump second term. And now in 2026, a crisis that becomes ever more terrifying. Over the weekend, there was a kind of rampage of ICE personnel in the city of Minneapolis. The weekend opened with the shooting death of a motorist in Minneapolis, Renee Goode. And ICE seems to have reacted to the outburst of feeling about that shooting not by investigating the shooting, not by reconsidering its methods, but by using ever more brutal methods against ever more people. In the city of Minneapolis and the state of Minnesota, ICE seems to be acting more and More not like a proper federal law enforcement agency, with all the high professionalism and exacting standards that Americans rightfully expect and usually get from federal law enforcement. It's acting like an armed mega militia, like the armed force of a political party occupying part of the country and part of the voting population on behalf of another part of the country and another block of the voting population. This comes as President Trump gave an interview to the New York Times in which he said that one of his great regrets about his first term was that he did not order the National Guard to seize voting machines in the election of 2020. Now, back then, there is some question whether even if he'd issued such a shocking and illegal and improper order, whether the National Guard would have executed it. But now he has this armed mass of ICE militia roaming the country, breaking laws, ignoring rules. He seems to see them as his tool for carrying out such schemes in the year ahead. At the same time, other bizarre behaviors have been issuing. On Sunday night, we learned that the Trump administration had opened a criminal investigation of Federal Reserve Board Chairman Jerome Powell for obviously specious and fake grounds. The Federal Reserve is renovating its headquarters. It's a big project. There are some questions about how much the project should cost, as there often are in federal buildings. Some of the reason for the expense is because President Trump himself, in his first term, ordered marble and other fancy accoutrements. Jerome Powell has testified to Congress about the cost. It's a very technical matter. And Donald Trump's people have decided this is their chance to bring pressure to bear on Jerome Powell to force the Federal Reserve to cut interest rates faster to help Donald Trump avoid catastrophe in the elections of 2026. Jerome Powell then released a video denouncing the politicization of the Federal Reserve, denouncing the politicization of the Department of Justice that would allow itself to be used in such a way. Powell was promptly backed by a Republican senator, Thom Tillis of North Carolina. But we're left with a real question. What happens to the Federal Reserve now? Jerome Powell's term is set to expire in May of 2026. Will any Trump nominee be trusted by anybody as anything other than a Trump stooge? Can the Federal Reserve ever cut interest rates again without it looking like it's yielding to intimidation by the Trump administration? We may, in fact, find ourselves with higher interest rates than we otherwise would have because of Trump's attempt to abusively use inflation, improper process of law, and his shamefully weak U.S. attorney for the District of Columbia to intimidate the Federal Reserve Board into adopting different monetary policies than the ones that the Federal Reserve, in its collective opinion, collective judgment, thought were appropriate. This seems part of a quickening spiral, but it's not all the President has been issuing other kinds of crazy commands and fatwas into the economy, decreeing with no legal authority that credit card rates be cut, talking about American oil companies that he's trying to bully into crazy and unprofitable investments in Venezuela. Over the weekend, he issued a truth Social post in which he described himself as the acting president of Venezuela, which is kind of a spoof, but also a scene out of Woody Allen's Bananas where the aging authoritarian president seems to be losing his marbles. He's not the acting president of Venezuela. No American president should even joke about such a thing. But this one may not be joking. And finally, we have the eruptions of more and more people around Trump to justify the killing of the motorist in Minneapolis. Three bullets into the side of a car for someone who is, as we can all see, trying to escape a confrontation and who is set upon by an officer who seemed bent on punishing her not for anything she did wrong, but for her attitude toward him, for her disrespect toward him. A killing that seemed to have been motivated by ego, not by any sense of self defense. We're in a kind of crackup of the MAGA world. It's becoming more extreme, more at variance with America as it feels its unpopularity intensifying because of the terrible economy. We had a job report at the end of the week before I record, that showed that the United States in all of 2025 created fewer net new jobs than the population of the city of Spokane, Washington. The economy is in trouble and prices are rising. The Republican prospects for 2026 are diminishing, at least if there is a free and fair election in 2026 and the President's mind is going to how can he seize voting machines? How can he use an armed militia against his political opponents? How can he use law enforcement or the pretense of law enforcement to pressure the Federal Reserve into making monetary policy subordinate to Trump's reelection wishes? How can he steal oil from Venezuela? How can he steal Greenland from the Danes? Trump's MAGA movement is spiraling on a kind of death cycle. It's taking the MAGA movement, the Trump presidency, the United States and much of the rest of the world along for the downward ride to doom. Now we are not helpless as individuals, as citizens to correct course, to stop this riot, to prevent MAGA from doing what it wants to do. We're going to have to act responsibly because there is a stark choice here. MAGA is not America as we knew America as we believe in America. MAGA is not the America where rights are respected, where police serve the public and they don't attack and harm the public. MAGA is not the America where the law is independent of the President and where the dollar is something that can be trusted by the whole world. Maga's America is one thing, America's America is another. You can have the rule of law in America or you can have the Trump MAGA regime, not both. This is going to be in 2026, the year for choosing. I am hopeful that Americans will together choose right, but I have to be clear eyed about what the alternative is, how dangerous it is, and how bent it is on the doom of everything good and decent about the America as you used to know it. And now my dialogue with Kim Naftali. But first, a quick break. Timothy Naftali is a Senior Research Scholar and Adjunct professor at Columbia University School of International Public Affairs. He previously served as the founding Director of the Richard Nixon Presidential Library and Museum. His many books include the 1997 classic One Hell of a Gamble, the definitive account of the Cuban Missile Crisis from the Soviet point of view. He is a regular contributor to CNN where he is their in house presidential historian. Tim is a native of Montreal, Canada. We were undergraduates together at Yale in the early 1980s and have been friends ever since, although I note for the record that Tim was several classes younger than me and is therefore considerably better preserved. Tim, welcome so much to the David Fromm Program. Thank you for making time today.
