Reversing America’s Downward Economic Spiral | David McCormick

David McCormick joins Rep. Crenshaw for a conversation about America’s downward economic spiral — both domestically and on the global stage — and how we can reverse course with fiscal, trade, and regulatory reforms that emphasize national security and push back against threats from China.

David McCormick is the author of “Superpower in Peril: A Battle Plan to Renew America.” He served as former CEO of Bridgewater Associates, one of the world’s largest investment management firms, before pursuing a U.S. Senate seat in his home state of Pennsylvania in 2022. He also served as the U.S. Treasury Under Secretary for International Affairs and held senior posts on the National Security Council and at the Department of Commerce. Follow him on Twitter at @DaveMcCormickPA.

4:30 Domestic economic challenges
6:30 Education reform, school choice, career skills
13:00 U.S. Treasury and Global Financial Markets
18:00 Long term repercussions of the 2008 Financial Crisis
21:00 What's behind the decline in the workforce participation rate?
23:00 Political impact of economic stagnation
26:40 The differences between far-right and far-left populism
30:00 What people get wrong about free trade
35:45 Starting principles for debt ceiling negotiations
37:20 What should government's role be in R&D investment
43:00 Re-orienting the global supply networks for national security
45:00 The trading threats with China
53:15 Is the private sector decoupling from China
55:45 Permissionless innovation
58:00 Educating citizens on complex trade/finance issues

Hold These Truths | Episode 273