Chuck Todd unpacks the fallout from Trump's State of the Union address and previews what's shaping up to be a pivotal primary season. He argues that the speech wasn't designed to be coherent — it was engineered for social media moments and base solidification, with Trump drafting off the popularity of others like the Olympic hockey team rather than making a case to swing voters, and echoing Biden's mistake of trying to sell a country that doesn't feel it on the economy. He breaks down the JD Vance "fraud czar" announcement and the immediate move to suspend Medicaid funding to Minnesota as classic base-juicing, then pivots to a sharp analysis of the Iran standoff: Trump's base won't tolerate a prolonged war but might accept limited strikes, Iran knows this and could rope-a-dope the administration, and you can't air strike your way to regime change. He argues that Cuba on the brink of societal collapse with Cuban Americans eager to help rebuild — represents a far easier foreign policy win that Trump is inexplicably ignoring. He then turns to the Texas primaries, where Cornyn has trailed Paxton in every poll and likely can't win without a Trump endorsement, while the Crockett-Talarico Democratic race is showing Clinton-Sanders demographic splits with Crockett leading among groups more likely to actually vote. He notes that many of Chuck Schumer's recruited candidates nationally are already losing, and that the establishment is deeply unpopular this cycle — with a new poll showing insurgent Graham Platner crushing Janet Mills by 40 points as further proof that 2026 is shaping up as an anti-establishment wave.
Finally, he answers listeners’ questions in the “Ask Chuck” segment and explains his beef with the Rock & Roll Hall of Fame.
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Timeline:
(Timestamps may vary based on advertisements)
00:00 Chuck Todd’s introduction
01:45 Initial fallout from Trump’s State of the Union speech
03:30 Trump’s focus is to solidify his base, not reach swing voters
04:45 Speech wasn’t coherent, it was meant for social media moments
05:30 Trump tried to draft on the popularity of others during speech
06:15 Like Biden, Trump tried to sell the country that the economy is working
08:15 Trump announced JD Vance as “fraud czar”
09:00 Vance announces they’ll suspend Medicaid funding to Minnesota
10:00 Trump isn’t politically nimble, but knows how to juice the base
11:00 Trump’s speech only played one note to his base
13:15 It’s tough to understand what Trump is up to with Iran
14:00 Trump’s base won’t accept a prolonged war with Iran, just limited strikes
14:45 Iran knows Trump’s base isn’t on board, could rope-a-dope him
16:30 You can’t air strike your way to regime change… so what’s the plan?
17:45 25% chance of regime change, 25% chance it strengthens regime
19:00 Trump’s impatience is one of his worst political instincts
20:00 Cuba is on the brink of societal/regime collapse
20:45 Cuban Americans would jump at opportunity to rebuild Cuba
22:00 Cuba is a much easier potential foreign policy victory for Trump
23:15 War with Iran could be a massive resource drain on the U.S.
23:45 Primary season about to kick off, starting with Texas
24:15 What happens in Dem primary, will affect GOP runoff
25:00 Cornyn has trailed Paxton in every poll
26:15 Cornyn can’t win without Trump’s endorsement
28:00 Divide between Talarico and Crockett has been fascinating
28:30 Bernie Sanders & AOC have stayed out of Texas primary
29:45 If 3rd candidate gets over 3 points, real chance of Dem runoff
30:45 Polling for Talarico/Crockett shows similar splits to Clinton/Sanders
31:30 Crockett ahead with demographic groups more likely to vote
32:45 Talarico is trying to tout his electability in the general
33:45 It’s hard to know whether Talarico or Crockett is more electable
36:45 If Talarico wins, it might force Trump off the fence & to back Cornyn
38:15 It will be hard for Dems to win in Texas, but it will be competitive
39:00 Many people are betting Talarico will be the next Pete Buttigieg
40:00 New poll shows Graham Platner beating Janet Mills by 40 points
41:45 Many candidates Chuck Schumer recruited are losing
43:00 The establishment is deeply unpopular this year

Full Episode - Trump Doubles Down On His Base + The Libertarian’s Guide To The Galaxy
2:22:20

Interview Only w/ Katherine Mangu-Ward - The Libertarian’s Guide To The Galaxy
1:08:49

Chuck’s Commentary - Trump Didn’t Win Any Converts During The State Of The Union + There’s A Clear, Populist Path To A Majority Party
1:15:39