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Tucker Carlson: ICE Raids, LA Riots, Strong Economic Data, Politicized Fed, War with Iran?

**NOTE: This episode was recorded on Thursday, before the events in the Middle East. All-In will be back to cover the situation next week. (0:00) The Besties welcome Tucker Carlson! (4:25) ICE raids, LA riots, immigration debate (46:08) Strong macro data: inflation, tariff revenue, GDP, jobs (1:14:00) Big, Beautiful Bill update: State of the bill, Senate math, and more (1:29:15) Major escalation in the Middle East: War with Iran? Follow Tucker: https://x.com/TuckerCarlson 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 Intro Video Credit: https://x.com/TheZachEffect Referenced in the show: https://x.com/opensourcezone/status/1932911958254366989 https://x.com/opensourcezone/status/1932632620140990635 https://x.com/opensourcezone/status/1932563726583882126 https://x.com/opensourcezone/status/1932633885822591032 https://x.com/opensourcezone/status/1932861766456738083 https://x.com/iapolls2022/status/1932476702644387955 https://x.com/iapolls2022/status/1933156707275874743 https://www.realclearpolitics.com/video/2025/06/09/lapd_chief_we_are_overwhelmed_by_riots_no_limit_to_what_theyre_doing_to_our_officers.html https://www.wsj.com/articles/SB994028904620983237 https://nypost.com/2022/09/16/marthas-vineyard-migrants-sent-to-cape-cod-mass-calls-national-guard https://x.com/elonmusk/status/1931896196836081975 https://nypost.com/2023/08/19/biden-sells-border-wall-parts-to-thwart-gop-push-to-use-them https://www.nytimes.com/2025/06/10/us/politics/fetterman-la-protests-anarchy.html https://www.newsweek.com/trump-tariff-revenue-may-2079077 https://www.cnbc.com/2025/06/11/heres-the-inflation-breakdown-for-may-2025-in-one-chart.html https://www.atlantafed.org/cqer/research/gdpnow https://x.com/eliant_capital/status/1932886788030541850 https://polymarket.com/event/fed-decision-in-september?tid=1749757196347 https://bipartisanpolicy.org/report/deficit-tracker https://www.nytimes.com/2025/06/11/climate/world-bank-nuclear-power-funding-ban.html https://x.com/DavidSacks/status/1932933894317162546 https://www.jointheresponsibleparty.com/p/coming-soon https://polymarket.com/event/israel-military-action-against-iran-before-july https://trumpcard.gov #allin #tech #news

Jason CalacanishostTucker CarlsonguestChamath PalihapitiyahostDavid Friedberghost
Jun 12, 20251h 42mWatch on YouTube ↗

At a glance

WHAT IT’S REALLY ABOUT

Tucker Carlson Joins All-In: Immigration Chaos, Fed Politics, Iran Risks, Tariffs Triumph

  1. Tucker Carlson returns to the All-In Podcast for a sprawling, combative discussion on immigration riots in Los Angeles, U.S. border policy, economic data, the politicization of the Federal Reserve, and a potential Israel–Iran conflict.
  2. The group debates how to handle 20–50 million undocumented immigrants, the tension between illegal and legal immigration, and the political realignment of both parties on border enforcement.
  3. They then pivot to surprisingly strong economic data under Trump’s tariff regime, arguing that tariffs and potential Fed rate cuts could dramatically improve America’s fiscal position if the Fed doesn’t act politically.
  4. The episode closes with criticism of trillion‑dollar omnibus bills, speculation about Trump–Elon dynamics over the “Big Beautiful Bill,” and deep concern that a strike on Iran could derail Trump’s entire agenda and global stability.

IDEAS WORTH REMEMBERING

5 ideas

Immigration enforcement clashes in Los Angeles are framed as a constitutional crisis, not just street disorder.

Tucker argues that sanctuary cities represent a long‑running form of “insurrection” against the federal government’s constitutional duty to control borders. If states and cities can openly defy immigration law, he warns, the U.S. risks a creeping “disunion,” where basic assumptions like free movement between states or public order in major cities can no longer be taken for granted.

There is broad agreement on three pillars: close the border, deport violent criminals, and massively prioritize legal, high‑skill immigration.

All four hosts converge on the need to shut the southern border, deport criminal aliens aggressively, and dramatically improve pathways for highly skilled legal immigrants (e.g., PhDs, engineers, doctors). Chamath and Jason emphasize the unfairness to 7.5 million legal immigrants stuck in long queues, arguing U.S. policy should “cream‑skim” the best global talent for economic, technological, and military supremacy.

The panel is deeply split on what to do with 20–50 million undocumented immigrants already in the U.S.

Tucker advocates aiming for full legal compliance and opposes blanket amnesty, calling mass legalizations a “hostage situation” that rewards lawbreaking and corrodes trust. Jason pushes for a compassionate, fines‑and‑taxes path to citizenship for long‑term, productive residents, arguing the U.S. politically created this labor regime and must own the consequences. Sacks and Chamath lean toward a staged, “one bite at a time” approach starting with deporting the most violent criminal segment.

Strong recent economic data is used to challenge elite orthodoxy on free trade and tariffs.

Sacks cites 3.8% projected Q2 GDP (Atlanta Fed), above‑expected job growth, and CPI at 2.4% as evidence that Trump’s tariffs did not trigger the recessions predicted by figures like Jim Cramer and Larry Summers. Tucker and Sacks argue that post‑WWII dogmas about free trade—e.g., “Smoot‑Hawley caused the Great Depression”—have gone largely unexamined, even as the U.S. hollowed out domestic industry and became dangerously reliant on China for strategic goods.

Tariffs plus rate cuts could meaningfully change America’s fiscal trajectory if the Fed cooperates.

Chamath estimates Trump’s tariffs are on track to produce an extra $300–400 billion in annual federal revenue. He argues a 100 bps rate cut would save roughly another $300 billion in annual interest expense and spur growth via cheaper short‑term borrowing. Combined, he sees a potential ~$600 billion positive swing for the U.S. balance sheet that could attract global capital “risk dollars” into America—if Jerome Powell cuts for economic, not political, reasons.

WORDS WORTH SAVING

5 quotes

If you contest [federal immigration enforcement], it is like a threat to disunion, fundamentally.

Tucker Carlson

We have people languishing for 10, 15, 20 years on visas… Why? Because we can’t focus on that conversation… we’re focused on how do we give amnesty to folks whose initial action was breaking the law.

Chamath Palihapitiya

How can everyone not look at what’s happening on TV right now and say, ‘Tucker was right’?

David Sacks

Immigration is what made California into a slum and there’s kind of no way around that… It’s an argument against what we did in California and rather than learn from that, we’re doing it in every other state.

Tucker Carlson

Cleanliness is next to godliness, and your city is a reflection of your self-respect… If you allow it to become like Paris or New York… that’s a sign your civilization is going under.

Tucker Carlson

Immigration riots in Los Angeles and federal vs. state authorityIllegal vs. legal immigration, assimilation, and U.S. demographic strategyEconomic performance under tariffs, deficits, and fiscal sustainabilityFederal Reserve independence and alleged political bias of Jerome PowellTrump’s “Big Beautiful Bill” and Republican intra‑party conflictProspects of Israeli or U.S. military action against Iran’s nuclear programShifting partisan coalitions and elite narratives on trade and borders

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