Now a look at the state of Pennsylvania.
It's one of the most important states in this presidential race.
Both Pennsylvania senators, Democrat John Fetterman and Republican Dave McCormick, voted in favor of the bill.
In this situation, we both agree that shutting our government down is wrong for our commonwealth and for our nation.
So we're looking for ways to find common ground. And when we disagree, we, we disagree. But when we can agree, we agree.
Our votes are about country over party at this point.
Well, we're trying to set a good example because is we have lots of disagreements, but we trust each other, we like one another, and we look for ways to work together.
I thought the best way to kick this off was to actually give both of you a few moments to just say what's on your mind. And so I think in the rules of parliamentary decorum, Senator Fetterman, as a senior sitting senator from Pennsylvania, maybe you can start.
I'm proud to call Senator McCormick a a good friend. And now things are very more polarized. And now I refuse to engage in the kinds of extremism. And, you know, we're going to fight together for Pennsylvania and for our nation right now. And we're going to continue to have conversations like this, you know, whether in Pennsylvania or here across. So we, we have to find a better way forward through a lot of the circumstances.
Yeah. Dave? Yeah, I think— I mean, one of the benefits of being in a place like Pennsylvania is that the voters expect us really to find ways to work together. And if you put this moment in perspective, I think it's probably the most consequential moment in all of our lifetimes. And in fact, I think it might be the most consequential moment in humankind, which is a big statement. So much change is happening. It's artificial intelligence, of course, but it's, it's really how that's affecting everything— life sciences, defense, energy. It's, it's a moment of enormous change, and that, that change creates a lot of anxiety that lends itself to polarization and extremes. And so if there was ever a time where it's more important to find ways to work together, it's now. And so we've found ways to work together on everything from energy policy, to fentanyl, the fentanyl crisis, to anti-Semitism in Pennsylvania and across the country, to drone technology. And these are issues that are of such consequence that you can't get there by just being with your team. You have to be able to find common ground. And we've really looked for ways to do that.
Yeah, I think he could confirm, Pennsylvania keeps you honest. Now, and now I'd like to remind everybody that we are the only two people in our respective cycles that flipped seats. You know, that's really, you know, both parties want that. They, we, we want to flip seats. It's like, well, you know, we've done that because I think we've rejected the extreme kinds of views. And now it's better to work together for, for Pennsylvania or for our country for right now. And AI is really, really important. And that will sometimes will put me at odds where the direction that the Democratic Party seems to be moving in that now. So now moratorium for data centers, for me, that's a China first kinds of policy for that. I'm going to continue to push back that. I'm not gonna describe that as a scourge. I'm gonna describe that as an incredible new opportunity. And now, you know, my friend, he organized an incredible symposium in Western Pennsylvania that brought AI together and energy, and that's two parts of things Pennsylvania really brings to that table in this very, very important conversation.
I think that we're at this point now where— is it fair to say, as goes Pennsylvania, as goes the rest of the country, in the sense that if, if you can find common ground in the state on these very thorny issues, maybe the rest of the country can find ground, and the vice versa is also true? If you guys can't find resolution, what are the odds that California and West Virginia, making it up, find resolution? So what is it like, a day in the life in the US Senate trying to find these compromises? Because from our perspective, outside in, a lot of the time it just seems like nothing is happening.
Dave. Yeah, I think if you step back, you would— I know we look very similar, but we have many similar backgrounds.
We do?
Yeah. What's the difference? We have similar backgrounds. Backgrounds in the sense we both grew up in rural Pennsylvania and had similar, you know, similar childhoods. And John went into public service. I left, went to West Point, went to the military. But we both came back from those rural backgrounds. But what's interesting in Pennsylvania is 19 electoral votes, and it's a microcosm of the country. You have these two big urban centers, Philadelphia and Pittsburgh, which are mostly Democrats. You have these these rural areas that are mostly red, mostly Republican. And you gotta build a coalition across those to win. So ironically, a lot of the same people that voted for Senator Fetterman voted for me and voted for President Trump. And that's the coalition you have to build. And in particular, it is a working families coalition. So the thing that's ironic is that even though all the, all the national unions would have endorsed Kamala Harris and Bob Casey, my opponent, the rank and file, 2/3 of the rank and file, the electricians, the pipefitters, the steamfitters voted for me. Same with him. They voted for him. So we actually, even though we have a lot of differences in our parties, we have come together around that coalition.
And that coalition includes a very significant Latino turnout, very significant African-American turnout, the highest African-American turnout in 2024 in the last 30 years. And so that coalition, I think, is up for grabs. Who wins that coalition in Pennsylvania and who wins it in the country, I think, will dictate the future to a large degree in 2028 and beyond. And so that's what we're working on together, because we're trying to build that coalition to do good things together in Pennsylvania.
The, uh, Senate is at an all-time low in terms of approval rating. We have the lowest approval rating of a president in history after Biden, who was extremely low rated. You guys can't control the debt. The American populace believed we'd be in a golden age right now. They're not seeing it. Inflation is soaring. The president seems to be running amok, has no check in the House. And you guys are responsible.
Tell us what you really think.
Other than that, Mrs. Lincoln.
Well, and $40 trillion in debt, and you're spending more than ever. So the American people, I think, are extremely frustrated with both parties. It's great to see you guys come together. But what are you going to do to bring back some balance between the branches of the government? Because this does not seem to be going in the right direction for anybody but the people in this room, which is to say the top 10% of our society.
Well, I mean, for me, if you, you referenced inflation is soaring. Well, just recently, that's primarily driven by energy prices right now. Now, why are those energy prices high? Well, because the president decided to hold Iran accountable. And now I'm the only Democrat that actually agrees with that. That was not— that was not a radical idea for Democrats. Every single person running for president as a Democrat said we must never allow Iran to acquire a nuclear bomb. And now we have the opportunity to hold them accountable. Why? That's why I continue to vote against these War Powers Act now, too. So for inflation, yes. Now, Absolutely no one thinks $5 a gallon is great. But if you allow Iran to become nuclear, that's going to seem quaint, $5 a gallon, holding it up to— so what's driving this economic conversation overall right now? So for me, I think what's most important now, turn everything as a partisan thing That's the danger where if we despise Trump more than we are concerned about Iran becoming a nuclear power, that will have profound implications for not just in that region, but also for a global stage right now.
That's the difficulty moving forward now. I've said this in the podcast of For All In, who's the leader's party? That's tedious, 100%. Our party is defined by the opposition of whatever he comes out for. I've said, Trump comes out for ice cream and lazy sundaes, we're gonna hate that shit. And we're gonna vote it down. Now, we all have a bandwidth and we all have a platform. I feel like you have to discriminate. I don't care about the ballroom. If you wanna build it, sure, great. I was there for the, the White House Correspondent Dinner, and I saw how dangerous that was for our leadership. But I don't care about the Reflecting Pool. But now we can't stop talking about all this other kind of shit. So we can really focus on things that's more important when now it's become all just distracted by the small, small ball game.
Dave, is there a path to resolution? I mean, like, you guys are going to be forced to confront the filibuster. Which is this critical bulwark that sort of leaves some sort of attempt at finding common ground out there. But there's a lot of pressure to end it. I think, Senator Fetterman, you said you'd be supportive of ending the filibuster. Is that where we're going, to just total tribalism?
Yeah, let's talk about the filibuster. Let's talk about that. The entire Democratic Party, including myself, we were so wrong about the filibuster. In my cycle in 2020, Every single Democrat identified, we have to eliminate the filibuster. Seems like it makes sense now. And thank God, thank God we had people that stood there, whether it's Senator Manchin or Senator Sinema, you know, history has vindicated their wisdom to do that thing. And now Democrats, we all wanted to get rid of it in '22. In 2025, we fucking love it. And now it reinforces people to work together with both sides. Now, if you turn the Senate into a smaller version of the House, and majority, majority, right? Now, that would have profound, profound implications for now. So now, someone that'd be the first person to announce, "Hey, I was so wrong about that." That's one of the kinds of hill I would die on now to defend the filibuster, how important it is to the Senate, but also Senate for the minority rights. Whoever that happens to be in that time, you know, that's what's so critical, what the filibuster is to governance here.
I would say, first of all, Congress, but lots of institutions right now, have very low public approval, very low trust. That's a huge problem. It's across all areas. Church, public officials, business, in many cases. We've got to rebuild trust in our institutions, and one of the ways you do that is through your own personal conduct. So one of the things we can do is try to set the example. If you look at my voting and his voting, I'm an unapologetic conservative. I vote as a conservative. At the same time, that doesn't mean you can't work together. So we look for every opportunity for bipartisan legislation. So I've got more bipartisan legislation than anybody. We've collaborated on dozens of things together, because you can do both. The filibuster, it is frustrating as a businessperson. I was in business for 25 years. So frustrating the pace of how slowly things move, but I do think it creates the requirement, the impetus to get things done. I would disagree with you. I think a lot of big things have been done. If you look at the energy agenda, we can't win the AI race without energy. And we made huge progress on energy.
I'm hoping we're gonna get permitting reform, which would be the biggest economic lever we could possibly get done over the next 6 months or the next 2.5 years. We've closed the border, we've stopped the flow of fentanyl. We had 4,000 people who died in Pennsylvania in the last year of the Biden administration, it's 1,600. This year it's down 60%, those same statistics nationally. And then there's huge intractable problems like the debt and the deficit, which are existential. That we're not dealing with. And that's not a product so much of the filibuster, not the filibuster, that's a product of the polarization of our country, and both sides taking advantage of anybody willing to look at a problem in a hard way.
My question was, though, about the bottom half of the country in the K-shaped economy we're in, and how it's not working, and you guys are phenomenally unpopular with that group of Americans.
So is there a way You're talking about wealth concentration?
Yeah, wealth concentration. The bottom half is not happy with—
No, no.
On both sides.
No, it's a huge problem. And I don't think I listened carefully last night. I mean, I just want to tell you that is a huge, huge problem that's growing. The median income in Pennsylvania is $52,000 a year. When you guys say AI or AI anxiety, I mean, these folks, They've been down this road once before when a bunch of smart rich people said, "We got the answer, it's called globalization." And what happened in my hometown is there was a mill of 2,000 people that got gutted. It's now 100 people. So there's enormous anxiety, but it's because there's no path to getting ahead. And everybody in this room, the last 10 years has been the greatest 10 years in the history of humanity for those who have assets.
So do you have a plan?
Yeah, well, there's got to be— And what is it? There's got to be a number of plans. Well, do you have a plan? Because it's not just going to be me. It's going to be us. Because right now— listen, I am a beneficiary of capitalism. I have been wildly fortunate because of capitalism. But we are going to lose capitalism unless we find a combination of ways to address it. So what are the ways? The Invest in America accounts is a perfect way, right, where you are building opportunity for the next generation. The school choice provision in the Working Families Tax Cut Act, $1,700. Everybody in this room can give $1,700 every year. Billions of dollars that are gonna go into school choice for making sure everybody has equality of opportunity. If you don't do that at maximum scale, and this moment leaves the majority of Americans behind, we're not gonna be able to get anything done.
Spend more money on programs.
Spend more money, but not spend more money, spend more money in giving people opportunities. So the reason those two accounts are great, it takes it out of the government, circumvents the government. It's based on incentives and choice by people that have wealth. It's sort of Andrew Carnegie brought to present day. Take that wealth, put it in the hands of those who will benefit from it, but it's your choice. It's not dictated by the government. I think that's going to have to be part of the answer.
Does anyone in Congress subscribe to the notion that I think is rooted in, you know, empiricism, that the more we spend, the harder it is for people to have economic mobility? You know, and I think that there's a simplified notion that government has to play a role in driving people's progress. And the truth is, the more government intervenes in markets, the more inefficient and the more expensive those markets get, and therefore the more inaccessible wealth and value creation is for any individual. And the freer the market, the less the government intervenes, the less the government is spending, the less the government is buying, the better things get for people, generally speaking. And it seems to me every time I visit D.C., I leave profoundly unhappy because I meet with people in Congress, and this is a notion that seems to be diametrically opposed to their viewpoints, that everything is about doing more, for people, government needs to do more on both sides of the aisle, versus if the government did less, things would get more affordable, things would get more accessible, and people would have greater economic mobility.
Well, I mean, you know, talk about the government. Now, we had not just one, we had two shutdowns. Both were historic in terms of their length. You know, we couldn't just agree on very basic things things. And now we've shut the government down collectively for over, uh, 120 days or whatever now. So then that's one of the things as a Democrat, I refuse to engage in that thing. If that's a core responsibility as a senator, keep our government open and for the love of God, find a way to agree enough to keep things open and put things at risk and make our country less, less safe. You know, I'm proud to be a capitalist. And now capitalism is the one system that has proven to raise life's standard of humans across the globe. You know that. And now people in my party, now we're having bad ideas refuse to die. And now we're talking about socialism and communists right now. We have candidates now that, "I am a communist," these things. And that's like, "Hmm, that seems interesting." You know, what's your point now? Talk to anyone that's had to live under those kinds of regimes.
Now they're all absolute capitalists right now, and that's absolutely the fact. The market will— has fixed a lot of these kinds of problems, you know, and I'm not terrified by AI. Am I concerned about it? 100% right now. And with now Mythos and other concerns about mass hacking and weaponizing it that way, Now that's coming. And now I think that should belong to America, that America should build that chassis. And now that's why if we turn my party into where AI is the scourge or the cancer, I refuse to reject that because it's going to transform the world. Now it can come from us or it can come from China. Whose side are you going to be in? And a lot of the people that oppose that now, a lot of that opposition is funded by a lot of these groups that are aligned with CCP. So that's part of the danger right now. So that's the dangerous time right now. And like Democrats now, my party, oh, the problems are billionaires. Oh, but we love the billionaires that fund our kinds of views and our views and that too. Target people, people call out Bezos or whatever.
It's like, don't do that. Don't call out Private citizens, identify them the problem. You know, they create jobs. If you've never created a job, don't criticize people that have really changed our economy for the better, honestly.
Why is Graham Platner doing so well in the polls? This is a candidate that has a literal Nazi tattoo on his chest. Yeah, I know. And what does history tell us comes next if he wins? If a candidate like that can win, what does that tell us?
Yeah, well, when I was a kid, if someone had a Nazi tattoo, you probably could call them a Nazi sympathizer, you know? And someone now, and now just yesterday we discovered that he was sexting with up to a dozen women, and now Democrats, now some are saying, well, what's the big problem? You know, they're constantly just ignoring a lot of these things. And now this is a guy that just a couple years ago described an American soldier in a firefight with the Taliban, "Dumb motherfucker that doesn't deserve to live." That's his words. Who does that? Who lurks on there? And he's really a tough guy behind a keyboard, and I can't explain other than that it's a backlash to how partisan things are. Someone like that should have been in this race right now. So here we are, you know, a guy that was texting to up to a dozen women, you know, he's getting his swallow on. And now we're kind of just, oh, what's the big deal? Why not confront that and just then call that out? And that's the danger if now, these kinds of views. Could you imagine if either one of us described an American soldier as a dumb motherfucker that deserves to die?
Or he described our Army as absolute trash, absolute trash. He described the American Army as absolute trash. And that's a viable candidate now, and that's a bizarre place to live right now as a Democrat.
If he wins, what happens to this? What does that tell us about where we're headed?
Well, look at what— I mean, what's happening there is— I mean, there's problems on both parties, but certainly what you've seen on the left is two things. I think it's indisputable. One is a migration to these terrible ideas of socialism and Marxism and so forth. But in addition to that, this really rise of anti-Semitism and hatred, and the tell here of how pervasive it is is the people who are now campaigning in Maine, Chuck Schumer, Elizabeth Warren, these are mainstream Democrats that have now lurched so far to the left, and I think this is gonna be, if those candidates win, and that becomes validation of the viability of that stream of thinking in the Democratic Party, I think it's horribly unhealthy for America. Ironically, the best thing we want if we're Republicans is a strong Democratic Party that keeps us honest and keeps us in check with good ideas, and that's not happening, and as I said, we have problems on both sides, but I think that lurch to the left is really frightening, a frightening thing.
Well, and then let's say, and you just brought up Israel. That's a profound betrayal from our party on Israel, or not so? The people that are winning a lot of these elections, one of their signature views is anti-anti-Israel and borderline just raw antisemitism from a lot of these candidates now too. That's exactly where we are. Now, that has isolated me in the party and just calling that what that is. That's dangerous. And now, that's where one of the things that we happen to agree on, that's the right side of history for me. And that's—
I mean, maybe one of the best things that can happen is Shapiro continues to do well in Pennsylvania, irrespective of which party you align with. A prominent Jew winning in Pennsylvania, running that state well, is a very good sign actually for the rest of the country that there is common ground and that antisemitism is much more in check than the perception.
Shapiro, we had also.
I think Josh is fantastic.
Yeah, and he has a lot of disagreements about us maybe going into this war and maybe being egged into doing it. And by the way, Fetterman, if you're looking— or Freeberg, if you're looking for the source of why people feel comfortable saying these terrible things, You can look no further than Trump and what he said about McCain being a war hero. That started this, actually, this rhetoric. And now everybody wants to one-up it. He said he's not a war hero, and he got captured. That's where this started.
Sachs? Oh, please.
You're trying to blame Trump for the fact that a Democratic candidate in Maine has a swastika tattooed on his chest?
No, the rhetoric.
No, the rhetoric.
It started— it started with Trump.
We're in TDS land.
And he needs to—
we're in TDS land, but fortunately we're not interviewing you, J-Cal. Let me ask, uh, Senator Fetterman a, a question. So I appreciate your common sense views on AI, on capitalism, on all the things we're talking about, and I think that, uh, the people in Pennsylvania appreciate it. I think you're very popular there, but I'm curious, do you ever get worried that you might get primaries in the Democratic Party when you come up? Because I mean, the Bernie Sanders wing is powerful. They have a lot of activists. They're very noisy.
I mean, do you ever—
I mean, I appreciate your maverick streak and your independence, but how do you think about that risk?
Well, a seat or a job is not— I'm always going to be honest, and I'm always going to have my votes or my opinions are going to be what I happen to believe is true. It's not a seat worth trying to maintain if I'm going to lie or to pretend that things aren't absolutely true. Yeah, absolutely, I can be primaried, and there are some Democrats that are angry at me. If they're angry at me for supporting Israel, hey, they have at it. If they're angry at me that I think it's wrong to shut down the government, that's fine. If they're angry at me because I I refuse to call him a Nazi or a fascist or a piece of shit. I'll never do that, you can hold me on that too. But what's really strange in that the truth is, somebody that votes like a 93% of Democratic line, and if I change my party, there was a lot of palace intrigue that I'm gonna change the party, and I'm never going to do that. And if I did, I could change, I could announce right now, I am changing it right now. My votes aren't gonna change, my views, I wouldn't vote any differently, things I happen to believe.
If Democrats run me out of the party, they will be attacking a committed Democrat that votes your line 93% of the time because we're in a New Yeek time right now that I think things are more important than trying to— I know what pays the bills as a Democrat now. Literally, campaigns are based on fuck Trump. Literally, in their campaign commercials, yes, and in their emails and outrage. It's constant rage bait. I refuse to engage in that, and I'm going to be an example of what I think is entirely appropriate. A lot of the conversations are driven by people that represent very safe, lose the seats. Now, oh, like, that's why Pennsylvania keeps people honest here. And people are going to remember in '28, oh yeah, oh, I want to be bipartisan, I want to get along, you know, like, people don't believe you, you know, like, they remember what, what they've said and how people behave. Uh, so that's where I'm at. So yeah, I could be primary, but what's more important to be truthful what I think are important values and remind people that the things we used to believe in, you know, I think—
I want to just move to just domestic policy and economics for a second. Dave, you said this incredible story in the green room, which maybe you can start off with, which is the quantum of people that reach out to you every week to mostly complain about various companies, but just use that as an insight maybe to talk about AI because that's a huge part of your state. It's also a huge part of the American economy, and maybe compare it to what happened with shale and oil because there's a lot of commonalities. I think it's quite interesting.
Yeah, it's, uh, I don't know if he gets the same amount, but on an average week We have 14 million people in Pennsylvania almost. On an average week, I'll get something like 100,000 outreaches to me, letters, emails, phone calls, across different issues. And you can almost see when the activists are mobilizing groups to come and make the case on certain things. And I do a call every 2 weeks, it's sort of an open mic where you get about 10,000 people that show up. The number of data center calls, data centers have become a much bigger and pervasive thing. And just to put this in perspective, David was there, Dina and I hosted an energy innovation summit in Pennsylvania last July. We had $92 billion of investment committed. We had the energy CEOs, the AI CEOs, big investors, global investors. We had Senator Fetterman came, Governor Shapiro came, The president came, the cabinet came, it was amazing. And that's, by the way, that's what you need. Winning is a team sport, and winning in AI is a team sport, and you need all those players at the table. And so it was a real success. And since then, there's been enormous investments made in Pennsylvania.
I visited one just the other week, Homer City, 4.4 gigawatts of power from a coal plant that's being transitioned to natural gas. 3.4 gigs is going to go into a data center complex. A gigawatt's going back on the grid to hopefully bring down energy prices. So this is, this is happening across Pennsylvania, but the opposition is growing.
And it's clear any organic part to this, like, is— because it's very hard to understand what's happening when you have these kind of dark forces, dark pools of money.
I can't—
is there a legitimate, like, I don't want to have this in my backyard for X, Y, and Z.
There's enormous misinformation, and I think that misinformation is largely being driven by China and outside forces. And then there's just legitimate not understanding, not knowing.
Okay.
And we need to do a much better job of making sure that the outlines of what these data centers mean to communities is clear. And frankly, there needs to be a much clearer covenant of what it means. If you're gonna have a data center in your community and you're a township supervisor, Here's what you know. They're gonna bring more energy than they're gonna use. They're gonna protect their water with closed loop. They're gonna give this much to the tax base. They're gonna build schools or infrastructure, whatever they're gonna build.
Isn't that first part the only thing that matters in people's minds? I just don't want my energy bill to go up?
No, because as soon as you get through that, they move to the next thing, which is water. And then the schools are gonna be crowded, and there's like—
The schools are gonna be crowded? —because there will be new jobs.
No, because there will be new people and they're not making the connection to the tax base. The roads are going to be crowded. So there's a whole comprehensive case that needs to be made. And what Chamath was making the point, we went through this before. John and I both lived through this with fracking. Huge campaign against, huge misinformation, lack of understanding. And 15 years later, I'd say there's pretty broad broad-based support.
Yeah, there's unlimited money. I mean, you know, they, they— someone finds some B-roll kind of a comment and they put $10 million behind it, and they can, they can turn you into the most extreme kinds of things. It's ironically, you know, originally people tried to convince people that I'm a socialist, and now people are like, now a MAGA or whatever. I'm like, no, I'm just— I haven't changed. My views My views are the same. I would tell people energy is national security. Look at what's happening in Europe and other parts now. If you don't have energy security, then your national security is in danger. Now, AI is coming, and what he's done, he created this amazing symposium to remind people that we need both. We need energy, and Pennsylvania produces a lot of that. And now also, AI is coming, otherwise we'd still be using this Spinny Jenny or whatever that's called. Now, so why do we talk about data centers? Because people, forces are describing them as a scourge or a cancer that's going to bankrupt you or destroy your community. Now, why do we have that right now? Because this is something that's going to transform harm our society, absolutely there could be a downside, but overall it's going to be much more productive and that's going to create new opportunities.
Now, I refuse to become a party of Luddites. That's honest. If I had to vote now, claim that that's all cancer, it's danger, and it's all downside, then I'd be lying and that's why I'm saying Republican or Democrat, that's a fact. These things are very, very important, and that's why I'm gonna—
can I just double-click on this thing when you compare it to shale? So in shale, I'm going to assume that when shale was escalating in importance, the pushback were from corporate interests that would have economically lost out. That's what I'm guessing. The majority environmentalist.
Environmentalist. Yeah, environmental.
But it seems like in AI we're dealing with foreign state actors. Is that fair? Is it as reductively simple as that?
Well, if you go to those two parts, one was the campaign of misinformation and the other is a lack of understanding. There's much more of a campaign of misinformation from outside forces this time around. But what happened in the case of shale, methane destroys the water table, don't want these in our backyards. What happened, of course, was these enormous royalties for the farmers, We're the fourth largest natural gas reserves in the world. If we were a country, Pennsylvania would be number four. This is the economic engine for our state. Our state is the second largest energy producer in the country. So this unlocks everything for Pennsylvania. And as those jobs started to be created, so you saw the economic benefit, the misinformation about the methane in the water table became clear. Slowly and much too long, 15 years later, we're now in a place where I bet 80% of the people would support fracking.
Last night event, you described that we have 6 to 8 months ahead of China, right? Is that right? Yeah. Okay, so now, my party is driving for a moratorium for data centers. I mean, do you think China doesn't love that? Again, that's why they're parts behind some of the driving this view. You want to give that race to China? It's coming. It's coming. It's the choice. Do you want America to build that chassis or do you want the Chinese to do that? You know, like, yeah, you know, data centers can make some things with some—
and at the core of that, John, is what you said earlier, which is it starts with TDS and then it goes with give China AI.
I would say this, vote me out. If you think it's okay to give China a benefit to win the AI race, vote me out. But it's like—
Your favorite person in the audience, my wife, is clapping for you.
Oh, yeah, yeah.
Yeah, no, that's exactly the way I see it.
I mean, that's exactly the way I see it as well. So we have great bipartisan agreement here. So, Dave, I was at your summit last year. The Energy and Innovation Summit, where you announced $90 billion of new investments. The thing I was struck by was how broad-based the representation was at that summit. You not only had software companies, you had hardware companies, you had manufacturing, you had robotics, you had energy, nuclear, fracking. And then most interestingly is that you had the trades there. And that's when a light bulb went on for me that, oh, this is a blue-collar boom. Boom, because this is a construction boom and blue-collar workers are really going to benefit, and the trades are represented there, spoke to that. And since then, we've had hundreds of thousands of new jobs, construction jobs created, and 25 to 30% wage increases for construction workers. And so I'm curious, does that help make the cause more popular in Pennsylvania? Are those Trades or the unions still on board with this or have the politics of that changed at all over the past year?
It's a great question and it's, it's been extraordinary. So just in the last 15, 16 months and these are related, by the way, it's not just energy projects and data centers. It's U.S. Steel and a new next generation mill. It's Eli Lilly building a new plant. It's Hanwha in the Philadelphia shipyard. But they're coming in part because of the data centers and the energy projects. I've spent a lot of time with the trades lately. The most secure job in Pennsylvania right now is a secure welder. I mean, is a seasoned welder. An electrician. An electrician. Honestly, these folks are coming out, they're getting the training, they're in their late teens, early 20s. They're making more than $100,000 a year in these sites and they can't build, they can't hire quick enough. They can't find enough people to meet the demand. And you know, these data centers— I mean, I've looked closely at that. There's one coming in Berwick, Pennsylvania, right next to where my— where I went to high school. You know, the way to think about it is there's sort of 4 buckets of economic activity that comes, jobs that come. There's, of course, the deals that come with them, but there's the thousands of jobs to build the data centers and the energy that goes side by side.
So these are 5,000, 10,000 folks on the site. Then there's the hundreds of people to run the data centers. Then of course, every 3 to 4 years, the hardware and everything in the data centers gets upgraded, which brings in hundreds, sometimes thousands of jobs. There's the energy that's going side by side. Then there's the restaurants, the hotels. I met with the Trucking Association the other day. They guess that it's about 2 logistics jobs for every one job in a data center. These things are economic engines. So once you get that covenant straight, people are willing to make the decision. And if a township supervisor or a county commissioner— no senator is going to tell them to do this. This has to come from the ground up in terms of making the decision. But once they decide to do that, it's a huge engine for their communities. If they decide not to do it, my point is, Okay, where's your plan? What is the plan? In Pennsylvania, we've been losing people for 20 years. We can't get our kids to stay. This is like a rebirth. It's amazing what's happening, but we gotta break through the misinformation and—
Friedberg, do you have a final question?
If not, uh— Well, I mean, I think on this point, why do you think it's so difficult for the Democrats to embrace the facts on the ground? Because you have an empirical story to share about job creation, value creation, and there's no empiricism on the other side that there's job displacement or job loss in the white-collar jobs, which is generally part of the debate. Two things.
I would say the notion of AI broadly is getting munged with the notion of data centers in a narrow thing. Data centers, of course, are an enormous component of this, but those two things are unrelated. Second, I don't think it's just Democrats. I mean, we have—
No, the America First movement is now in this horseshoe exactly aligned with—
we have the far left and the far right converging on an anti-identity.
We even have some besties who occasionally buy into the jobs apocalypse.
So no, no, I'm job displacement. Never misrepresent me, Sachs. I will call you out every time. I just believe there'll be jobs.
You could also use the word job mobility.
Well, I think— I'll finish my sentence, please. I'm speaking. Job displacement is occurring, and that new jobs need to be created to fill that in. And I think that's the blind spot of the people who have Trump dedication syndrome, is that they will never actually do anything that would modestly criticize the president. And that's part of the challenge. I want to have a last— just about the amount of money being donated by special interests. Do we need to get money out of politics? Because that seems to be be the root of a lot of these problems is that billionaires can give $50 million, $100 million, $200 million, whether it's Soros or friends of ours. It feels like there's way too much money in politics. Does that have to change for this type of issue around data centers, et cetera, and special interests? And how do we— can we ever get there?
Yeah, well, I would say— of the 5 things I would do to fix America right now, that wouldn't be in the top 5. But yes, conceptually, I'd like to get money out of politics. There was— my race was $500 million. We raised $200 million on my side, $300 million on the opposition side. We couldn't keep up. I was record before at $22.
We raised, you know, and my race was $300, $330 million. And now that's quaint. Wait till '26, wait till '28. This is gonna look like quaint and that's the thing.
Either we need to get money out or this group needs to be donating a lot more to both of us.
Yeah, or get rid of the primary process too. And now open to other people. And now these primaries, they identify the extreme kinds of views and put out someone, you know, and that's part of it now too. Collectively, $300 million were spent to destroy our reputations. Think what $300 million could do for Pennsylvania or for people. That was spent to destroy reputations. You know, you're terrible, I'm terrible. That's the absurdity of the American politics. Right.
On that note, I actually want to say both of you are incredibly rational and reasonable and incredible Americans. So I just want to thank you, Senator Fetterman and McCormick.
Very much appreciated, guys. Thanks, buddy.
Thanks, bro. Good to see you, man.
Appreciate it. That was good. Thank you.
(0:00) PA Senators Fetterman and McCormick join the Besties (0:33) Bipartisanship in 2026, rejecting extremism (6:37) All-time unpopularity in the Senate, the filibuster question, tribalism (13:33) Fixing wealth concentration in the US (19:51) Graham Platner, why extremism wins primaries, and what it means for the future (28:12) How AI and energy are playing a part in PA's blue collar boom, dark money funding misinformation (41:05) Insane level of money in politics, fixing the broken system Follow Senator Fetterman: https://x.com/SenFettermanPA Follow Senator McCormick: https://x.com/SenMcCormickPA Thanks to our partners for making this possible! EY - EY helps private equity firms turn market insight into action, navigating complexity and unlocking new paths to growth and long-term value. https://www.ey.com/en_us/industries/private-equity?WT.mc_id=3501315&AA.tsrc=sponsorship NYSE - Thank you to our partner, the New York Stock Exchange - a modern marketplace and exchange for building the future. It all happens at the NYSE. https://www.nyse.com Plaud - Never miss a moment. Plaud, our official wearable AI note-taking partner at All-In Liquidity Summit, captured every insight. https://www.plaud.ai Follow the besties: https://x.com/chamath https://x.com/Jason https://x.com/DavidSacks https://x.com/friedberg Follow on X: https://x.com/theallinpod Follow on Instagram: https://www.instagram.com/theallinpod Follow on TikTok: https://www.tiktok.com/@theallinpod Follow on LinkedIn: https://www.linkedin.com/company/allinpod Intro Music Credit: https://rb.gy/tppkzl https://x.com/yung_spielburg