The Chuck ToddCast

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The Chuck ToddCast is back! If you're looking for smart, no-nonsense political conversation, you've come to the right place. The Chuck ToddCast goes beyond the headlines, featuring conversations with top reporters, insiders, and newsmakers from D.C. to the heartland. No scripts, no spin—just real discussions about what’s shaping our politics and why it matters.

  1. 2 days ago

    Chuck’s Commentary - Democratic Primary Turnout Shows A Blue Wave Building + Trump’s Candidates Keep Losing

    Chuck Todd closes the book on primary season with Florida — and leads with the stunning upset that ended it. State Rep. Angie Nixon, a Jacksonville former union organizer and Democratic Socialists of America member, beat Alex Vindman with 56% of the vote despite being outraised roughly 16-to-1, and will now face appointed Republican Sen. Ashley Moody in November for the final two years of Marco Rubio's old seat. Chuck’s read is that this wasn't a movement election so much as a performance gap: Vindman ran like the presumptive nominee, hoarded his money for a general election he never reached, and got flatly outworked with primary voters. He's curious what Vindman does with that war chest, and notes Vindman's whole profile felt like first-term Trump resistance in a cycle that's moved on. Elsewhere in Florida: Debbie Wasserman Schultz won in a majority-Black district, Cory Mills lost his primary, Republican turnout meaningfully outpaced Democratic turnout in Florida, and Chuck thinks it's improbable but not impossible for David Jolly to beat Byron Donalds in the governor's race. But the bigger story is national, and it's about turnout as a tea leaf. More Trump-endorsed candidates went down, part of a trend Chuck argues shows Trump's relevance melting away as his approval drops — and that he's actively making things harder for his own party. Democrats cast 57% of primary ballots nationally, up from 54% in 2018, with the biggest jump in Alabama and double-digit increases across multiple states. Chuck is careful with the caveat: primary turnout is a thermometer, not a crystal ball — it tells you where your floor is, not your ceiling. Texas Democratic turnout rose even with marquee Republican races on the ballot, Kansas Republican turnout cratered (though Democrats still have work to do there), and Florida Democrats hemorrhaged voters to no-party affiliation — meaning you can see something real happening in Texas that simply isn't happening in Florida. His bottom line: Democrats will win more votes in November, and history says they win the midterms. The open question is whether they can take both chambers.  Finally, Chuck hops into the ToddCast Time Machine to revisit the 72 year struggle of the women’s suffrage movement before achieving the ratification of the 19th amendment, presents his ToddCast Top 5 list of Democratic Presidential hopefuls who will work the hardest to win the nomination and answers listeners’ questions in the “Ask Chuck” segment. Play ball and swing for the fences on FanDuel, an official partner of the MLB at https://FANDUEL.COM.  Upgrade your everyday. Go to https://Quince.com/CHUCK for free shipping on your order and 365-day returns.  For free and unbiased Medicare help, dial (980) 734-3985 to speak with my trusted partner, Chapter, or go to askchapter.org/chuck /  *Paid Partnership Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options.    Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 01:30 Don’t miss the Toddcast Special Report on the Lakers sale 06:30 Primary season is basically wrapped up after Florida 07:45 Raw primary turnout is a good tealeaf to read ahead of midterms 09:00 Democratic voters have been more enthusiastic w/ higher turnout 09:30 Alex Vindman loses Florida senate primary to Angie Nixon 10:30 Vindman ran his race like he was the presumptive nominee 11:00 Nixon just outworked Vindman with primary voters 11:30 Vindman hoarded his money for the general 12:30 This wasn’t a movement election, Nixon just performed 13:15 The importance of the African-American vote in Dem primaries 15:15 Need to live in Florida for more than a couple years to run successfully 15:45 Most of the carpetbagger candidates lost their primaries 16:30 Will be interesting to see what Vindman does with his war chest 18:00 Voters care if you are of/from their community 20:00 Vindman felt like first-term Trump resistance 21:00 It’s improbable but not impossible for David Jolly to beat Byron Donalds 22:15 Florida Republican turnout was much higher than Dems 23:45 Debbie Wasserman Schultz won in majority black district 24:45 Cory Mills loses his primary 25:30 More Trump endorsed candidates lost their primaries 27:15 Trump backed candidates losing has become a trend 27:45 Trump is going out of his way to make it harder for Republicans 28:30 Trump’s relevance is melting away as his approval drops 31:45 Democratic electorate is expanding in most competitive states 32:15 Primary turnout is a thermometer, not a crystal ball 32:45 Turnout tells you where your floor is, not the ceiling 34:30 Democrats outperformed their primary edge in the general in 2018 36:00 Democrats cast 57% of primary ballots, compared to 54% in ‘18 37:00 Biggest jump in Dem turnout was in Alabama 37:45 Multiple states with Democrat turnout up double digits  39:45 Alabama’s governor race may be very competitive 42:30 Texas Dem turnout was higher even with marquee GOP races 43:45 Florida Dems lost voters to a no party affiliation 44:30 You can see something happening in Texas, not in Florida 45:30 Republican turnout was way down in Kansas 47:15 Dems probably still have more work to do in Kansas 48:00 Dems will win more votes in November,48:45 History says Dems win the midterms, but can they win both chambers? 52:15 ToddCast Time Machine moved due to Lakers deep dive special 53:45 The movement for women’s suffrage took 72 years 54:15 Movement started in Seneca Falls, NY with the “Declaration of Sentiments” 55:15 100 people sign that declaration. 68 women and 32 men 56:15 Women could work for wages & have no control over the money 57:00 The movement fractured over disagreement about the 15th amendment 58:00 Susan B. Anthony votes illegally and is arrested in 1872 58:30 Women’s suffrage amendment keeps being introduced and failing for 40 years 59:15 The people who started the movement die, and new leaders emerge 1:00:30 In 1919 congress passes the 19th Amendment, need 36 states to ratify 1:01:00 Tennessee becomes the final state needed to ratify 1:01:30 Vote keeps ending up tied in the Tennessee statehouse 1:02:30 Ratification passes the house 50-46 1:03:45 Women couldn’t immediately vote everywhere after passage 1:05:00 Charlotte Woodward was only signatory that lived to see 19th amendment 1:05:45 Woodward lived long enough to see it, but was too old/sick to vote herself 1:06:45 A political movement often requires one generation to build it for the next one 1:07:45 After Trump, America will need a hard fought reform movement 1:09:30 America eventually gets it right, after exhausting other paths 1:10:45 ToddCast Top 5 candidates working the hardest to win 1:11:15 #1 AOC 1:13:30 #2 Pete Buttigieg 1:13:45 #3 Kamala Harris 1:14:00 #4 Mark Kelly + #5 Gavin Newsom 1:15:45 Jon Ossoff didn’t need to make his Natalie comment 1:17:45 Andy Beshear + Rahm Emmanuel don’t scare red state Dems 1:23:00 Ask Chuck 1:24:00 Can Dems actually bring accountability to Trump if they take congress? 1:31:30 Why were outsider Dem candidates so competitive in MI and WI? 1:35:15 Why can Trump do whatever he wants unchecked? 1:40:45 How should newsrooms cover the Natalie Harp story?? 1:46:00 How do we hold politicians to account for upholding the constitution despite religion? See omnystudio.com/listener for privacy information.

    Chuck’s Commentary - Democratic Primary Turnout Shows A Blue Wave Building + Trump’s Candidates Keep Losing
  2. 2 days ago

    Full Episode - Democratic Primary Turnout Shows A Blue Wave Building - From Guthrie to Springsteen: The Lineage of American Protest Music

    Chuck Todd closes the book on primary season with Florida — and leads with the stunning upset that ended it. State Rep. Angie Nixon, a Jacksonville former union organizer and Democratic Socialists of America member, beat Alex Vindman with 56% of the vote despite being outraised roughly 16-to-1, and will now face appointed Republican Sen. Ashley Moody in November for the final two years of Marco Rubio's old seat. Chuck’s read is that this wasn't a movement election so much as a performance gap: Vindman ran like the presumptive nominee, hoarded his money for a general election he never reached, and got flatly outworked with primary voters. He's curious what Vindman does with that war chest, and notes Vindman's whole profile felt like first-term Trump resistance in a cycle that's moved on. Elsewhere in Florida: Debbie Wasserman Schultz won in a majority-Black district, Cory Mills lost his primary, Republican turnout meaningfully outpaced Democratic turnout in Florida, and Chuck thinks it's improbable but not impossible for David Jolly to beat Byron Donalds in the governor's race. But the bigger story is national, and it's about turnout as a tea leaf. More Trump-endorsed candidates went down, part of a trend Chuck argues shows Trump's relevance melting away as his approval drops — and that he's actively making things harder for his own party. Democrats cast 57% of primary ballots nationally, up from 54% in 2018, with the biggest jump in Alabama and double-digit increases across multiple states. Chuck is careful with the caveat: primary turnout is a thermometer, not a crystal ball — it tells you where your floor is, not your ceiling. Texas Democratic turnout rose even with marquee Republican races on the ballot, Kansas Republican turnout cratered (though Democrats still have work to do there), and Florida Democrats hemorrhaged voters to no-party affiliation — meaning you can see something real happening in Texas that simply isn't happening in Florida. His bottom line: Democrats will win more votes in November, and history says they win the midterms. The open question is whether they can take both chambers.  Then, filmmaker and author Greg Mitchell joins the Chuck Toddcast to discuss Woody Guthrie and the Ghost of Tom Joad Today, his new PBS documentary narrated by Rosanne Cash and featuring music from Bruce Springsteen, which traces the bond Guthrie forged with John Steinbeck during a campaign to ease the suffering of migrants in California — and argues those 1930s conflicts have unmistakable echoes in the present. Mitchell, a Depression-era obsessive who has written extensively about American politics since the 1930s, explains how he began seeing the connections between Guthrie and Steinbeck and why he refused to make a straight biopic: he wanted a film with current ramifications, which is why it closes with Springsteen's "The Ghost of Tom Joad" set against images of immigrants surrounded by federal agents and protesters holding signs quoting Guthrie. He and Chuck get into the story behind "This Land Is Your Land" (which wasn't the song's original title), the mechanics of securing the rights to the music and the story, his conversation with Tom Morello about the Springsteen song, and how seeing the migrant work camps firsthand fundamentally transformed Guthrie as an artist. Mitchell notes that Steinbeck was denounced as a communist for his trouble, that the majority of California's agricultural workforce eventually became Mexican and Filipino, and that Tom Joad was always meant to be a political character — which is exactly why he keeps getting resurrected. The conversation broadens into a genuinely fun argument about protest music and whether great art requires great despair. Mitchell traces the lineage from Guthrie to Dylan (whom Guthrie mentored) to Springsteen, and notes that Guthrie has had a moment of renewed relevance over the past year as his music finds new audiences at No Kings and anti-ICE protests. He and Chuck walk through the iterations of protest music across the decades — The Clash and Blondie as deeply political acts, Springsteen's own evolution from apolitical rock star to a man now delivering angry speeches from the concert stage, and Jesse Welles finding real modern success in the form. They debate whether a fictional account can land harder than a true story, whether The Grapes of Wrath would even be a bestseller if published today, and what Tom Joad would make of contemporary America — with Mitchell arguing that the collapse of organized labor would genuinely shock both Joad and Guthrie. The episode closes on a pointed political note: Mitchell contends that Trump's corruption so far exceeds anything Nixon did that Nixon himself would be considered a lefty by modern standards. The film is streaming now on PBS.org and the PBS app. Finally, Chuck hops into the ToddCast Time Machine to revisit the 72 year struggle of the women’s suffrage movement before achieving the ratification of the 19th amendment, presents his ToddCast Top 5 list of Democratic Presidential hopefuls who will work the hardest to win the nomination and answers listeners’ questions in the “Ask Chuck” segment. Play ball and swing for the fences on FanDuel, an official partner of the MLB at https://FANDUEL.COM.    Upgrade your everyday. Go to https://Quince.com/CHUCK for free shipping on your order and 365-day returns.  For free and unbiased Medicare help, dial (980) 734-3985 to speak with my trusted partner, Chapter, or go to askchapter.org/chuck /  *Paid Partnership Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options.    Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 01:30 Don’t miss the Toddcast Special Report on the Lakers sale 06:30 Primary season is basically wrapped up after Florida 07:45 Raw primary turnout is a good tealeaf to read ahead of midterms 09:00 Democratic voters have been more enthusiastic w/ higher turnout 09:30 Alex Vindman loses Florida senate primary to Angie Nixon 10:30 Vindman ran his race like he was the presumptive nominee 11:00 Nixon just outworked Vindman with primary voters 11:30 Vindman hoarded his money for the general 12:30 This wasn’t a movement election, Nixon just performed 13:15 The importance of the African-American vote in Dem primaries 15:15 Need to live in Florida for more than a couple years to run successfully 15:45 Most of the carpetbagger candidates lost their primaries 16:30 Will be interesting to see what Vindman does with his war chest 18:00 Voters care if you are of/from their community 20:00 Vindman felt like first-term Trump resistance 21:00 It’s improbable but not impossible for David Jolly to beat Byron Donalds 22:15 Florida Republican turnout was much higher than Dems 23:45 Debbie Wasserman Schultz won in majority black district 24:45 Cory Mills loses his primary 25:30 More Trump endorsed candidates lost their primaries 27:15 Trump backed candidates losing has become a trend 27:45 Trump is going out of his way to make it harder for Republicans 28:30 Trump’s relevance is melting away as his approval drops 31:45 Democratic electorate is expanding in most competitive states 32:15 Primary turnout is a thermometer, not a crystal ball 32:45 Turnout tells you where your floor is, not the ceiling 34:30 Democrats outperformed their primary edge in the general in 2018 36:00 Democrats cast 57% of primary ballots, compared to 54% in ‘18 37:00 Biggest jump in Dem turnout was in Alabama 37:45 Multiple states with Democrat turnout up double digits  39:45 Alabama’s governor race may be very competitive 42:30 Texas Dem turnout was higher even with marquee GOP races 43:45 Florida Dems lost voters to a no party affiliation 44:30 You can see something happening in Texas, not in Florida 45:30 Republican turnout was way down in Kansas 47:15 Dems probably still have more work to do in Kansas 48:00 Dems will win more votes in November,48:45 History says Dems win the midterms, but can they win both chambers? 56:30 Greg Mitchell joins the Chuck ToddCast 58:00 Making an appearance in Woody Guthrie and the Ghost of Tom Joad Today 1:00:15 Chose the subject because he’s obsessed with the Depression era 1:01:15 Started seeing connections between Woody Guthrie and John Steinbeck 1:03:30 Was it difficult to get the rights for the music/story? 1:05:30 Creating protest songs like This Land Is Your Land 1:06:45 Discussing the Ghost of Tom Joad with Tom Morello 1:08:30 Tom Joad was an inspiration for Springsteen 1:09:30 Woody has always remained relevant. Songs have been covered 1:10:45 Tom Joad was meant to be political in Grapes of Wrath 1:12:30 Seeing migrant work camps deeply affected Woody Guthrie 1:14:15 Majority of agricultural workers became Mexicans & Philipinos 1:15:30 Steinbeck was denounced as a communist 1:16:15 “This land is your land” could be the national anthem 1:17:30 Do we need times of great despair to produce great art? 1:19:45 There have been iterations o

    Full Episode - Democratic Primary Turnout Shows A Blue Wave Building - From Guthrie to Springsteen: The Lineage of American Protest Music
  3. 2 days ago

    Interview Only w/ Greg Mitchell - From Guthrie to Springsteen: The Lineage of American Protest Music

    Filmmaker and author Greg Mitchell joins the Chuck Toddcast to discuss Woody Guthrie and the Ghost of Tom Joad Today, his new PBS documentary narrated by Rosanne Cash and featuring music from Bruce Springsteen, which traces the bond Guthrie forged with John Steinbeck during a campaign to ease the suffering of migrants in California — and argues those 1930s conflicts have unmistakable echoes in the present. Mitchell, a Depression-era obsessive who has written extensively about American politics since the 1930s, explains how he began seeing the connections between Guthrie and Steinbeck and why he refused to make a straight biopic: he wanted a film with current ramifications, which is why it closes with Springsteen's "The Ghost of Tom Joad" set against images of immigrants surrounded by federal agents and protesters holding signs quoting Guthrie. He and Chuck get into the story behind "This Land Is Your Land" (which wasn't the song's original title), the mechanics of securing the rights to the music and the story, his conversation with Tom Morello about the Springsteen song, and how seeing the migrant work camps firsthand fundamentally transformed Guthrie as an artist. Mitchell notes that Steinbeck was denounced as a communist for his trouble, that the majority of California's agricultural workforce eventually became Mexican and Filipino, and that Tom Joad was always meant to be a political character — which is exactly why he keeps getting resurrected. The conversation broadens into a genuinely fun argument about protest music and whether great art requires great despair. Mitchell traces the lineage from Guthrie to Dylan (whom Guthrie mentored) to Springsteen, and notes that Guthrie has had a moment of renewed relevance over the past year as his music finds new audiences at No Kings and anti-ICE protests. He and Chuck walk through the iterations of protest music across the decades — The Clash and Blondie as deeply political acts, Springsteen's own evolution from apolitical rock star to a man now delivering angry speeches from the concert stage, and Jesse Welles finding real modern success in the form. They debate whether a fictional account can land harder than a true story, whether The Grapes of Wrath would even be a bestseller if published today, and what Tom Joad would make of contemporary America — with Mitchell arguing that the collapse of organized labor would genuinely shock both Joad and Guthrie. The episode closes on a pointed political note: Mitchell contends that Trump's corruption so far exceeds anything Nixon did, and that Nixon himself would be considered a lefty by modern standards. The film is streaming now on PBS.org and the PBS app.   Play ball and swing for the fences on FanDuel, an official partner of the MLB at https://FANDUEL.COM.    For free and unbiased Medicare help, dial (980) 734-3985 to speak with my trusted partner, Chapter, or go to askchapter.org/chuck /  *Paid Partnership Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options.    Timeline: (Timestamps may vary based on advertisements) 00:00 Greg Mitchell joins the Chuck ToddCast 01:30 Making an appearance in Woody Guthrie and the Ghost of Tom Joad Today  03:45 Chose the subject because he’s obsessed with the Depression era 04:45 Started seeing connections between Woody Guthrie and John Steinbeck 07:00 Was it difficult to get the rights for the music/story? 09:00 Creating protest songs like This Land Is Your Land 10:15 Discussing the Ghost of Tom Joad with Tom Morello 12:00 Tom Joad was an inspiration for Springsteen 13:00 Woody has always remained relevant. Songs have been covered 14:15 Tom Joad was meant to be political in Grapes of Wrath 16:00 Seeing migrant work camps deeply affected Woody Guthrie 17:45 Majority of agricultural workers became Mexicans & Philipinos 19:00 Steinbeck was denounced as a communist 19:45 “This land is your land” could be the national anthem 21:00 Do we need times of great despair to produce great art? 23:15 There have been iterations of protest music over the decades 24:15 Jesse Wells has found modern success with protest music 24:45 Bruce Springsteen & Tom Morello have produced new protest music 26:00 Groups like The Clash and Blondie were very political 26:45 Springsteen started as apolitical, then evolved to become political 28:30 Springsteen now gives angry speeches during his concerts 30:30 Can a fictional account land harder than a true story? 33:00 Is Guthrie to Dylan to Springsteen the lineage of protest music? 34:00 Guthrie was Bob Dylan’s mentor 35:30 Would Grapes of Wrath be a best seller if it came out today? 36:15 Film is available at PBS and the PBS app 36:30 What would Tom Joad feel if he was in modern America? 37:15 The fall of unions would shock Guthrie and Joad 38:15 Trump’s corruption so far exceeds anything done by Nixon 40:00 Nixon would be considered a “lefty” by modern standards See omnystudio.com/listener for privacy information.

    Interview Only w/ Greg Mitchell - From Guthrie to Springsteen: The Lineage of American Protest Music
  4. 5 days ago

    Interview Only w/ Jonathan Martin - Sizing Up The 2028 Presidential Contenders

    Politico politics bureau chief and senior political columnist Jonathan Martin joins the Chuck Toddcast for a reporter's-eye tour of the 2028 landscape, starting from an observation both men keep circling: the governing wing of each party is badly out of step with its own voters. Martin walks through the Democratic field with real granularity. Pete Buttigieg carries genuine Biden baggage and is fundamentally a creature of institutions — he isn't going to burn the house down, which is precisely why the left will never trust his establishment credentials, and why Martin wonders aloud whether his future might be more as an advisor than a candidate. On AOC, Martin's read is that the entire question is simply whether she runs: if she does, she's the lead car in the progressive lane and could clear it outright, and she'd be formidable in a crowded field. He notes it's no accident she reemerged right after El-Sayed's Michigan win, that she's been careful and disciplined about picking her spots during the primaries, and that she more than held her own speaking at Ebenezer Baptist church — which matters enormously given the Democratic calendar was explicitly designed to stymie progressives by putting South Carolina first. Martin isn't at all convinced Jon Ossoff runs, even though Ossoff checks every box on the list of things Democrats have historically wanted, and he thinks Abdul El-Sayed could be a genuinely formidable presidential candidate. The overarching question, as Martin frames it, is whether Democrats vote with their head or their heart in 2028 — a decision the November midterms will shape more than anything else. On the Republican side, they point out Vance simply wasn't a good candidate when he ran for Senate and needed both Trump and Peter Thiel to drag him over the finish line, that Rubio's presidential campaigns always ran into whoever's "turn" it was, and that the fastest way to lose in this environment is to be seen as one of the donor candidates. Vance's real challenge, Martin argues, is the Tucker Carlson model — and the open question of who carries that banner in 2028. He and Chuck agree the far left is currently stronger than the far right within their respective parties, and that insurgencies are a natural feature of the party out of power. Nothing, Martin says flatly, gets better for Republicans between now and the midterms; the Iranians want to humiliate Trump and Jimmy Carter him, and they're timing their moves to the American political calendar. They agree Democrats are either picking up two Senate seats or six with very little in between, and predict Greg Abbott will have to spend real money to win in Texas. Plus: why in-person interviews still beat remote ones, the disappearance of the old guard of Tennessee Republican politics, how Buttigieg's sexuality might factor into a national campaign, why online small-dollar money means Democrats no longer need to court only big donors — and whether UVA can actually contend in football this year.   Upgrade your everyday. Go to https://Quince.com/CHUCK for free shipping on your order and 365-day returns.  Play ball and swing for the fences on FanDuel, an official partner of the MLB at https://FANDUEL.COM.  For free and unbiased Medicare help, dial (980) 734-3985 to speak with my trusted partner, Chapter, or go to askchapter.org/chuck /  *Paid Partnership Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options.  Timeline: (Timestamps may vary based on advertisements) 00:00 Jonathan Martin joins The Chuck ToddCast 01:30 Why in-person interviews are so much better than remote 03:30 The old guard of GOP politics in Tennessee are gone 05:30 The governing wing of each party aren’t agreeing with the voters 06:15 How does Pete Buttigieg navigate carrying “Biden baggage”? 06:45 Pete is a creature of the institutions, he won’t burn down the house 07:30 The left won’t ever trust Pete’s establishment credentials 08:30 How Pete’s sexuality could affect a presidential run 09:30 Is his future more in an advisor role than an elected official? 12:00 If AOC runs in 2028, she’ll be the lead car in the progressive lane 13:30 The question surrounding AOC is “will she or won’t she run” 14:00 The presidential campaign will be shaped by November midterms 14:30 Do the Dems go with their head or their heart in 28? 16:45 Insurgencies happen in this environment for party out of power 18:15 Nothing gets better between now and the midterms for Republicans 19:45 The Iranians want to humiliate Trump and “Jimmy Carter” him 20:45 Besides Vance, Rubio and Youngkin, who else might run for the GOP? 21:30 Who carries the Tucker Carlson banner in ‘28? 23:45 Vance was not a good candidate when he ran for senate 24:30 Vance needed Trump & Peter Thiel to get him over the finish line 25:30 Rubio’s campaigns were challenging the person whose turn it was 26:45 You don’t want to be seen as one of the “donor candidates” 27:30 Vance’s biggest challenge will be of the Tucker model 28:00 The far left is stronger than the far right 31:00 Democrats primary calendar designed to stymie progressives 32:00 Impact of South Carolina going first 33:30 AOC would clear progressive lane & be formidable in crowded field 34:30 Not at all convinced that Jon Ossoff runs in ‘28 35:00 Democrats have a type, and Ossoff checks all those boxes 36:15 Abdul El-Sayed could be formidable as a presidential candidate 37:00 AOC could emerge from South Carolina in a strong position 37:30 AOC held her own speaking at Ebenezer Baptist church 38:15 Not an accident AOC reemerged after El-Sayed’s win 40:15 AOC has been smart and careful to pick her spots during primaries 41:30 What will keep prominent Dems from running? 42:00 There’s lots of Dem donor money online, don’t need only big $ donors 43:30 Dems are either picking up two senate seats… or six 44:30 How cemented is the red/blue map? 47:00 Kansas could be ‘06 Indiana but Dem hasn’t won senate seat since 30s 48:15 Voters don’t like the public school funding cuts for vouchers 49:30 Greg Abbott will have to spend big to win his race 50:00 Will UVA be a contender in football? See omnystudio.com/listener for privacy information.

    Interview Only w/ Jonathan Martin - Sizing Up The 2028 Presidential Contenders
  5. 5 days ago

    TODDCAST SPECIAL REPORT Part 2 - Did The Lakers Sale Reveal The Next Financial Crisis Waiting To Happen?

    In Part 2 of this ToddCast Special Report, Chuck Todd picks up the thread where Part 1 left it: if an insurance company's capital cushion is determined by how risky its investments are judged to be, then who is doing the judging? The answer leads to private letter ratings — a corner of finance almost no one outside it has heard of, and one that has exploded in size. Wall Street Journal reporting by Shane Shiflett and Heather Gillers assembled data on nearly 18,000 privately rated instruments held by U.S. insurers, and the growth curve is the number to remember: roughly $47 billion in 2018 to roughly $480 billion seven years later, with one estimate putting total private credit in insurance portfolios near $1 trillion. Much of that grading runs through firms most people have never heard of, and Chuck focuses on Egan-Jones, which privately graded roughly $40 billion of debt held by U.S. insurers, faces a 2024 lawsuit from two former executives alleging they were fired after raising conflict-of-interest concerns and that the firm pressured staff to inflate ratings, has drawn SEC questions about its reliability, and in January was removed by Bermuda regulators from their list of recognized ratings providers — all of which Egan-Jones forcefully denies, saying it stands behind the integrity and independence of its work. Chuck is careful throughout about what this does and does not establish: agencies can legitimately disagree, private raters often see borrower information outsiders never will, and none of it means any particular rating is wrong. It means the ratings deserve scrutiny, because if the grade helps set the size of the rainy day fund, being wrong about the grade means being wrong about the cushion. From there the episode widens out. Chuck walks through what a clean audit opinion actually certifies versus what people assume it certifies, revisits Executive Life — the insurer that reached for yield in junk bonds in the 1980s and was eventually seized — as a more instructive warning than Enron or 2008, and is direct that this is not a story about an insurer on the brink: Group 1001 says it is cooperating fully and that its financial position remains sound, Delaware Life reported roughly $69 billion in assets as of March and Clear Spring roughly $16 billion, and no charges have been announced against the companies or any individuals. AM Best has affirmed both companies' A- (Excellent) financial strength ratings while revising their outlooks to negative following the reclassification of private credit investments from unaffiliated to affiliated. Complicated private assets are not insolvency; related-party exposure is not insolvency; a federal investigation is not insolvency. The question Chuck is actually chasing is structural — whether a system split across fifty state insurance departments, the SEC, the Fed, offshore reinsurance regulators, and private ratings firms can assemble the whole machine fast enough when one piece breaks, and whether the real lesson of the post-2008 era is that we made the banks safer without ever asking where the behavior would go. He lays out three ways this ends, six specific questions he'd chase with subpoena power he doesn't have, and — unusually — the exact evidence that would bring him back in six months to say the warning lights looked worse than the engine. Because capitalism doesn't run on money alone. It runs on people believing that a price means what it says, that a rating means something, and that somebody understands the risk underneath a promise made to a retiree thirty years out.  Timeline: 00:00 Recapping Part 1: inside Mark Walter's world of structured finance00:30 Who looked inside the box and decided how safe it was?01:00 Why the risk grade determines the size of an insurer's cushion01:30 Credit rating agencies as the report card for debt02:00 A better grade can mean less capital sitting behind it02:15 The special purpose vehicle, the note, and the rating02:45 Does the grade on the box accurately reflect what's inside?03:15 WSJ data on nearly 18,000 privately rated investments03:30 From $47 billion in 2018 to $480 billion seven years later03:45 One estimate puts private credit near $1 trillion in insurance portfolios04:15 What "privately rated" actually means04:30 Private letter ratings and what the public can't see05:00 Why the quality and independence of the rating matters so much05:15 Egan-Jones — and the Arthur Andersen flashback05:45 The ratings agencies you know, and the one you don't06:00 Roughly $40 billion of insurer-held debt privately rated by Egan-Jones06:15 Egan-Jones also rated the Dodgers TV network debt06:30 Following the chain from annuity customer to capital cushion06:45 Who pays the ratings agencies? The inherent tension07:15 The Journal's comparison: roughly one grade higher on average07:45 Egan-Jones strongly disputes the Journal's analysis08:00 Former executives' lawsuit alleging pressure to inflate ratings08:15 Egan-Jones denies it; the SEC has examined its processes08:30 Bermuda removed Egan-Jones as a recognized ratings provider08:45 Allianz's response: requiring a second rating09:15 This doesn't mean the ratings are wrong — it means scrutiny09:30 Enter the auditor: KPMG and the clean opinions10:00 What an audit opinion addresses — and what it doesn't10:30 The right question to ask about a clean opinion11:00 Executive Life: the more useful historical warning11:30 Junk bonds, Michael Milken, and the reach for yield12:00 How Executive Life ended — and why it isn't the same thing12:15 The evidence that cuts against the scariest version of this story12:30 Delaware Life's reported assets, capital, and surplus12:45 Financial strength ratings and what "A-" actually means13:00 The more recent caution from the ratings agencies13:30 This is not an insurer on the verge of seizure13:45 The real question: confidence in conventional measures of strength14:00 Why asset quality matters when you're backing promises14:30 The safety net: state guaranty associations14:45 And who ultimately pays for that safety net15:00 Accumulating echoes: Executive Life, Enron, and 200815:45 The warning lights of 202616:15 Not a crisis — but a reason to ask better questions16:30 Can regulators adapt as fast as the system is changing?17:00 What regulators are actually doing right now17:30 This is not asleep-at-the-switch17:45 The structural problem: nobody sees the whole machine18:15 Fifty states, fifty insurance departments18:45 Why we regulate different financial businesses differently19:00 Assembling the machine when each regulator holds one piece19:45 Finance moves at the speed of a term sheet20:15 Regulation moves at the speed of rulemaking20:45 Understanding regulatory arbitrage21:00 Same television, different rules21:45 Most regulatory arbitrage is perfectly legal22:00 But risk doesn't change just because the address does22:15 Why regulators are reconsidering what qualifies as a bond22:30 Show me what's inside the box, not the wrapping paper23:00 The rules are being rewritten — but the money is already there23:30 The mistake Washington may have made after 200824:00 You can't pass a law eliminating the desire to make money24:45 The campaign finance parallel25:00 We regulated the scene of the accident25:30 We get very good at preventing the last financial crisis26:00 Incentives work: if banks pull back, somebody else lends26:15 Maybe the behavior simply migrated27:15 The systemic stress test Chuck doesn't think we can pass27:45 Why the investigation is useful regardless of the outcome28:00 Looking through the legal boxes to the economics underneath28:30 Where the central argument lands29:15 What happens when something goes wrong? The honest answer29:30 The strongest case that nothing catastrophic happens30:00 Why private credit isn't structured like a bank run30:15 Longer-term liabilities and patient money30:45 Three ways this story could end31:00 Possibility one: Walter is the problem31:15 Possibility two: an extreme example of a manageable problem31:45 Possibility three: Walter is the X-ray32:00 What we do — and don't — have evidence of32:30 Being careful not to invent the next 200832:45 Where pressure could actually come from33:15 When patient money becomes less patient33:30 Other sources of insurance funding under stress33:45 Borrowing, credit lines, and reinsurance triggers34:00 Who else made a promise based on that valuation?34:15 Being fair to Delaware Life and Clear Spring34:45 The narrower question: how much stress can the cushions absorb?35:15 Back to the Lakers one last time35:45 Why you sell the thing you can sell36:00 What Chuck is and isn't ready to say36:30 If I had subpoena power: the reporting roadmap37:00 What open-source reporting can and can't do37:30 One: open the boxes and show the underlying assets37:45 Two: did the structure change the regulatory treatment?38:15 Schedule D vs. Schedule BA — show us the math38:30 Three: who graded the box, and on what information?38:45 Four: why did 3% become something vastly larger?39:00 Who made that judgment, and what changed after the subpoenas?39:30 Five: did the Lakers money actually matter?39:45 Six: how much stress can these insurers absorb?40:15 What we know, and what we don't40:30 The final test: what would make Chuck say he was too worried40:45 Show me the marks hold up41:15 "I'd love to make that podcast"41:30 What this story already tells us41:45 Coming back to Josh Kushner and the timing42:00 No evidence of a quid pro quo42:15 Why the political question is the smaller question42:45 The more consequential story43:00 The full thread: Lakers to Walter to Dodgers to private credit43:30 What we have and haven't established43:45 We reinforced the part of the house that burned down44:15 Every private equity firm wanted its own insurance company44:30 "Money always finds a way"45:00 The failure was assuming we'd solved the behavior45:15 Why this matters well beyond Wal

    TODDCAST SPECIAL REPORT Part 2 - Did The Lakers Sale Reveal The Next Financial Crisis Waiting To Happen?
  6. 13 Aug

    Interview Only w/ Ben Wikler - The Structural Reforms Democrats Can't Keep Ignoring

    Ben Wikler, the former Wisconsin Democratic Party chair and author of the new book This Is the Plan joins the Chuck Toddcast to argue that Democrats keep making the same category error: they keep winning change elections and then failing to deliver change, because they're trying to fix policy without first fixing the system that determines who gets to make policy. Wikler's framing is memorable and a little cheeky — you have to win the ring of power and then cast it into Mount Doom — but his point is serious. When the right wins power, it immediately restructures the system to entrench itself; Democrats win and then govern as though the rules are fixed. His plan runs through the state level, where free and fair elections are actually secured, and demands ending the filibuster and reforming the Supreme Court, including term limits for justices, because campaign finance reform is impossible without a Court willing to allow it. Wikler argues America is in the greatest period of political instability in its history, that inequality now exceeds the Gilded Age, that gerrymandering has left millions of people without a meaningful vote, and that both party bases increasingly want to fight more than they want to win — while swing and non-voters have simply given up on the system itself. He rejects the tired rebuilders-versus-renovators binary: FDR's Social Security pitch was a huge swing, incrementalism was the only path to Obamacare, and the actual art of politics is starting from values and vision and then figuring out what can pass. The conversation gets specific about Wisconsin and about trust. Wikler pushes back on the idea that Francesca Hong is too "Madison" for a statewide race, notes she's spent years traveling and listening across the state, and calls Tom Tiffany an election denier who is genuinely beatable in a cycle where affordability is the central issue. He and Chuck work through the puzzle of why Tony Evers' calm, steady approach succeeded where Biden's didn't — Evers came out forcefully against Dobbs, and, more fundamentally, you have to convince a majority of voters that government can actually work, which means doing what you said you'd do and then relentlessly telling people you did it. Wikler points to pandemic relief as the cautionary tale: those programs dramatically improved life for lower-income voters, the child tax credit cut child poverty in half, and then it all expired and Democrats got punished for the loss rather than credited for the gain — with an extension that had bipartisan support dying anyway, because the filibuster exists largely to deprive the other side of a win. He credits Ken Martin for investing in state parties, argues Democrats don't need a 50-state strategy so much as fifty different state strategies since the coalition looks different everywhere, and concedes that Trump has been the most successful Republican of this era, spawning an army of mini-mes modeling themselves on him. And yes, Chuck asks the obvious question — why not run for Senate yourself?    Thanks to the sponsors of The Chuck ToddCast: Upgrade your everyday. Go to https://Quince.com/CHUCK for free shipping on your order and 365-day returns.  Play ball and swing for the fences on FanDuel, an official partner of the MLB at https://FANDUEL.COM.  For free and unbiased Medicare help, dial (980) 734-3985 to speak with my trusted partner, Chapter, or go to askchapter.org/chuck / *Paid Partnership Chapter and its affiliates are not connected with or endorsed by any government entity or the federal Medicare program. Chapter Advisory, LLC represents Medicare Advantage HMO, PPO, and PFFS organizations and stand alone prescription drug plans that have a Medicare contract. Enrollment depends on the plan’s contract renewal. While we have a database of every Medicare plan nationwide and can help you to search among all plans, we have contracts with many but not all plans. As a result, we do not offer every plan available in your area. Currently we represent 50 organizations which offer 18,160 products nationwide. We search and recommend all plans, even those we don’t directly offer. You can contact a licensed Chapter agent to find out the number of products available in your specific area. Please contact Medicare.gov, 1-800-Medicare, or your local State Health Insurance Program (SHIP) to get information on all of your options.    Timeline: (Timestamps may vary based on advertisements) 00:00 Ben Wikler joins The Chuck ToddCast 01:00 Ben’s new book is “This Is The Plan” 01:15 What is the plan? 01:45 To get political change we need, we need to change the system 02:30 To secure free & fair elections, need to win at the state level 03:00 We need an end to the filibuster and Supreme Court reform 03:45 There’s no one office or candidate to get us out of this mess 05:45 We need to win the ring of power, then cast it into Mount Doom 06:15 When the right wins power, they immediately change systems 07:15 We keep having change elections, then not getting change 09:30 We’re in the greatest period of political instability in American history 12:30 Both party bases want to fight more than want to win 13:30 We’re so gerrymandered, people don’t really get a vote 15:00 Swing/Non voters have given up on the system itself 19:30 Are rebuilders or renovators going to win the argument? 20:00 FDR’s social security pitch was a big swing 22:30 Incrimentalism was the only way to pass Obamacare 23:15 The art of politics is values/vision, then figure out what can actually pass 24:15 A party should be able to change laws, then face the voters 25:30 Need to reform the Supreme Court to reform campaign finance laws 26:15 Advocate for term limits for Supreme Court justices in the book 26:45 Inequality is now worse than it was during the Gilded Age 28:00 Is Francesca Hong too “Madison” of a candidate for Wisconsin gov? 28:45 Hong has been traveling the state & listening for years 29:45 Wisconsin Dem gov primary has been topsy turvy 30:45 Tom Tiffany is an election denier & beatable candidate 32:00 Affordability is the central issue this election cycle 34:45 Why did “calming the waters” work for Tony Evers, but not Joe Biden? 35:30 Evers came out very strongly against Dobbs 36:15 You have to convince a majority of the public that government works 38:15 Trust is earned by doing what you say you’ll do, then highlighting it 39:45 Pandemic relief had a massive positive effect on lower income voters 40:15 Those programs stopped, and voters punished Dems for it 41:00 Child tax credit cut child poverty in half, great accomplishment for Dems 41:30 There was bipartisan support for extended tax credit, still didn’t get done 42:00 Filibuster is used to deprive the other side from getting a win 44:30 Politicians can lay out a succession plan, but voters get their say 46:00 Politicians are limited in setting out a succession plan 47:30 How big should the Democratic tent be?  48:30 The coalition looks different in different states 50:00 Donald Trump has been the most successful GOP politician of this era 50:45 Every Republican politician looks to Trump as the model 51:15 Trump has created an army of “mini-mes” 53:00 What Ken Martin is doing right: Building state parties 55:45 Democrats don’t need a 50 state strategy, they need 50 state strategies 56:45 You build a local brand through your actions over time 57:30 When did you first think about running for office? 59:30 Support Tammy Baldwin’s bill to provide live Packers games 1:01:00 Most excited about Jordan Love in the upcoming season 1:02:15 Why wouldn’t you run for the senate? See omnystudio.com/listener for privacy information.

    Interview Only w/ Ben Wikler - The Structural Reforms Democrats Can't Keep Ignoring

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The Chuck ToddCast is back! If you're looking for smart, no-nonsense political conversation, you've come to the right place. The Chuck ToddCast goes beyond the headlines, featuring conversations with top reporters, insiders, and newsmakers from D.C. to the heartland. No scripts, no spin—just real discussions about what’s shaping our politics and why it matters.

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