I ve returned from the motherland with a tweed-clad, pipe-smoking, queen-saving realization. Donald Trump is a traditionalist. And the place where this difference is clearest is in Oxford, the University of Oxford.
00:01:23.580It even threw into light some of what I couldn't quite understand about Donald Trump.
00:01:28.520The conservatism there has something that very often we're missing, which is traditionalism.
00:01:36.060It's the sort of conservatism that comes out of Edmund Burke, who says the age of chivalry is gone.
00:01:42.340That of sophisters, economists, and calculators has succeeded it, and the glory of Europe is extinguished forever.
00:01:48.980He's writing about the French Revolution there and how terrible it was, even though he supported the American Revolution.
00:01:53.760And the trouble with American conservatism is very often it is just the stuff of sophisters, economists, and calculators.
00:02:01.240All we really talk about are how we want low taxes and small government for its own sake,
00:02:06.960and not really the reasons why we want those things, what greater goods those things serve.
00:02:13.420And it's very often grounded in what would be rationalistic ideas.
00:02:17.100So Edmund Burke really doesn't seem to have much care for rationalism,
00:02:20.960but that's the idea that we always just stand for something.
00:02:23.880It's just principles floating out in the breeze, but it isn't founded on any real institutions like civil society, the church, the family, local communities.
00:02:32.740A lot of the reasons why we prefer more local and smaller government in the United States.
00:02:37.320The place where this difference is the clearest between traditionalism and those other varieties of conservatism,
00:02:44.540like libertarianism, neoconservatism, the religious right, whatever,
00:02:49.320the place where that is clearest is Oxford, the University of Oxford.
00:04:13.220They totally let the statue stay because there's a weight of something, a weight of history that describes the conservatism of the United Kingdom
00:04:22.140and describes that place that we just don't really have, unfortunately.
00:04:27.080In American politics, it's usually pretty easy to nail down which political party does which thing,
00:04:35.140which side in politics has which ideology.
00:04:46.120Even – I was joking with Andrew Klavan about this.
00:04:49.660In England, even the socialists seem sort of conservative.
00:04:54.100They have – because as he says, whatever the British do, they're living in the past.
00:04:59.560So even if they're socialists, if they're communists, whatever, there's just a certain breeding into their culture that they can't seem to overcome.
00:05:09.180Even the socialism in England, which is very bad and not good for society, even that is better than the socialism in Italy or France.
00:05:39.180From my vantage last week in the motherland, perhaps the defining feature of President Trump's political vision came into view, his respect for American institutions and tradition, his traditionalism.
00:05:51.280Among all the calls to topple Columbus statues and rename Columbus Day, Trump signed a proclamation on Monday that said, quote,
00:06:26.560The tradition of Columbus Day, who we're honoring, what day it is, whatever.
00:06:30.820But to Trump, it's quite important because it's about respect and an understanding and absorption, a living through the institutions that have made our country great and not merely platitudes and simple words and phrases and ideas that do it.
00:06:48.400He's weighed in vigorously on the issue of NFL players, not respecting traditions like standing for the national anthem and saluting the flag.
00:06:55.240Even his economic policy of skepticism toward big government and big business alike, of grand charitable gestures by billionaires that look a lot like Donald J. Trump, has echoes of the distributism that was embraced by the 20th century traditionalists like G.K. Chesterton and T.S. Eliot, among others.
00:07:12.020Speaking of Eliot, even Trump's constant use of highly modern media like reality TV and Twitter to propagate support for traditional institutions reminds one of Eliot's use of modernism to attack, to attack modernism rather.
00:07:26.080And yes, I think that is the first time that Donald Trump has ever been compared to T.S. Eliot.
00:07:29.780President Trump's take on patriotism might have been written by Benjamin Disraeli, the British traditionalist and prime minister who pioneered one-nation conservatism.
00:07:41.420And one-nation conservatism posits that societies develop organically, that members within those societies have obligations toward each other.
00:07:49.080It emphasizes the pragmatism that reality requires and insists that patriotic devotion, among other impulses, compel the fortunate to take care of the less fortunate.
00:08:00.860When one part of America hurts, we all hurt.
00:08:07.060And when one citizen suffers an injustice, we all suffer together.
00:08:14.260Loyalty to our nation demands loyalty to one another.
00:08:18.100Love for America requires love for all of its people.
00:08:25.140When we open our hearts to patriotism, there is no room for prejudice, no place for bigotry, and no tolerance for hate.
00:08:37.340Make America Great Again is a beautiful phrase.
00:08:40.700It's why Reagan used it in the first place.
00:08:42.720The Make America Great Again, it's simple.
00:08:45.440The language is Saxon, it's curt, it's evocative.
00:08:49.140It's called a populist appeal by the common knowledge of the political commentariat, but what have they ever known?
00:08:54.780The phrase isn't actually that populist.
00:08:57.620The phrase isn't, do whatever you want in America.
00:09:00.140The phrase isn't, make America work for you, you, you, you, me, me, me.
00:09:03.640The phrase is, make America great again.
00:09:06.440It's a call to make use of the strong institutions inherited by this country and developed in this country to sustain the life of a country whose organic growth has produced the most just, most charitable, most free nation in the history of the world.
00:09:20.880And speaking of MAGA, speaking of Make America Great Again, we've got to bring on Hal Lambert.
00:09:28.200We have the investor Hal Lambert on today of Point Bridge Capital.
00:09:32.580Hal has created an ETF, an exchange-traded fund, for investing exclusively in companies that back Republicans.
00:09:40.480It's ticker symbol, why it's MAGA, of course, M-A-G-A.
00:09:47.560So, first question, I guess this is kind of a gimme, but I've got to ask, how did you come up with the idea for a MAGA ETF, a Republican-only ETF?
00:09:57.740Well, you know, it sounds simple, but it actually wasn't, it's never been done before, so clearly it wasn't too simple.
00:10:03.400But I've been in the investment business for about 20 years, managing money.
00:10:07.060I've been involved in politics for the last decade.
00:10:09.800I've helped a couple of different Republican presidential campaigns.
00:10:14.060I was involved with Ted Cruz's campaign.
00:10:20.400In fact, I ran a super PAC for Ted Cruz.
00:10:22.720So very involved in politics for a number of years.
00:10:26.340And being in the investment field, I noticed a lot of people were, you know, upset about what's going on, and they've been boycotting products, right, and services.
00:10:35.180And at the same time, they didn't realize that they actually own those products or services.
00:10:40.040They own those companies and their mutual funds.
00:10:41.460And so they're boycotting it on the one hand, and then they're losing money on the other.
00:10:53.620They might have been losing money and not realizing it.
00:10:55.620So I kind of started thinking, how do I tap into that and enable people to both, you know, with their money and with their buying power, make choices.
00:11:04.860And there wasn't a choice in the market.
00:11:06.640There's never been a politically based ETF before.
00:11:09.140And that's kind of how the idea started.
00:11:11.060That's an interesting point, too, because I had just considered it as a reaction to the left constantly politicizing every aspect of our culture, every business.
00:12:17.380And that's the real question too because someone like me who's slightly to the right of Attila the Hun, I probably would take a lower return if it meant that I got to slap Schultz across the face or something.
00:12:29.040But is there going to be any conflict between the returns you're getting and your politics?
00:12:35.840You know, is it the case that Republican-supporting companies actually are the ones that throw off the great returns?
00:12:42.200Or are you sacrificing a return to make a political statement?
00:12:46.760Yeah, I don't think you're sacrificing a return.
00:12:49.180So what I did was I took the S&P 500, and I screened it for the political contributions of the PACs and the employees of those companies.
00:12:56.820And I took the top 150 companies in the S&P.
00:12:59.520So the S&P is already a pretty exclusive club.
00:13:02.040So you've got a great number of companies.
00:13:15.180You know, there's some surprise companies in here.
00:13:17.400Goldman Sachs has always been thought of as a big Democratic company.
00:13:20.300Well, actually, in 2010, they switched, and they became a heavily Republican-supporting company.
00:13:24.560So there's some very good stocks in this portfolio.
00:13:27.280I don't think there's a sacrifice being happened.
00:13:28.820Well, you know, I did not realize that because I just had it in my head that Goldman and a lot of major corporations, certainly a lot of Wall Streeters, are backing Democrats.
00:14:13.100Well, this is the – you're absolutely right.
00:14:16.200There are a lot of election outcomes that can be swayed by all of this.
00:14:20.700But the elections themselves, the campaigns themselves, are even less clear in the world of Donald Trump because we see him sniping at Bob Corker today, little Bob Corker.
00:14:35.180But will there be any implications for the MAGA fund if there's a split, if there's a rift between the GOP and Donald Trump?
00:14:44.080Will that be taken into account in the fund itself?
00:14:48.280I don't think that it will affect things because at the end of the day, they're going to have to work with President Trump.
00:14:54.020And what he's doing when he's talking about Bob Corker is, hey, this is a guy who's not necessarily supportive of some of the things that President Trump won on.
00:15:03.980And so what's interesting about what President Trump's been able to do is he's gone after the NFL.
00:15:09.220It's pretty interesting to think about it.
00:15:10.300This story has been going on for over a year, right?
00:15:45.600He's saying what everybody else is thinking and other people are afraid to say.
00:15:48.160And the best part is if you go out and you try to appease the media and you try to get them to like you and say, I'm a conservative, but I'm not that kind of conservative.
00:16:51.580Well, Hal, I wish you the best of luck.
00:16:53.920I think I probably would violate a thousand rules and regulations by by speaking too much about the fund itself.
00:17:00.480But I do love the idea that I think it's I think it is a lot of a great idea and a great way.
00:17:06.420I like Donald Trump, who is attacking the culture and he's a cultural warrior.
00:17:11.320I think it's a great way to just keep pushing and pushing and bringing this fight onto their level and into their field and be playing offense.
00:17:48.320I know, of course, many of our listeners are just survivalists up in the hills of Montana who put every 100 percent of their portfolio into rations and ammo for the apocalypse.
00:17:59.660But, you know, maybe consider diversifying your portfolio.
00:19:02.960Talk about institutions and traditions.
00:19:05.980There is no tradition, I think, that I cherish more than every morning drinking delicious leftist tears to give me strength like spinach for Popeye.
00:19:14.000And the only vessel that you should ever use to gulp down those tasty, tasty tears is the leftist years tumbler.
00:19:20.780It's made out of crushed up little Steven Crowder mugs.
00:19:23.800So it's really been hardened and you won't have any leaks.
00:19:27.560You can have your leftist tears hot, cold, always salty and delicious.
00:19:30.840Go over to dailywire.com right now and we will be right back.
00:21:48.840But assuming for the hypothetical they do make money, should we just invest in them, put our money wherever we're going to get the best return,
00:21:54.640and then use all that money we make to support right-wing candidates when they run for office?
00:22:01.320Look, I wish we could just live in a culture right now where we could put our money wherever we want.
00:22:08.480We could go to whatever store we want.
00:22:15.240But unfortunately, we're not in that culture.
00:22:17.060We are in, I think, what is rightly described as a cold civil war where certain institutions that have a lot of power and a lot of money use that power and use that money for very nefarious ends.
00:22:28.760And a lot of it is to curtail freedoms.
00:22:31.260A lot of it is to attack Christianity and create an entirely new America where none of those values have any place in it.
00:22:40.540So absolutely, I fully support this portfolio and I fully support using your money in whatever way you can to support conservatives and not give it to liberals.
00:22:55.180Everything's always rosy to you, isn't it?
00:22:57.320Okay, we have to move on to Harvey Weinstein raping all of Hollywood.
00:23:01.320The New Yorker has published a bombshell report.
00:23:04.560They've said that three women have accused Hollywood super producer and Democrat mega donor of rape.
00:23:12.500There have been a ton of other women who have accused him of sexual assault and of sexual harassment, including celebrities, including Mira Sorvino, Rosanna Arquette.
00:23:22.060Paul Bois, you've lived in Hollywood a long time.