Episode
#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
1:51:41
Published: Mon Apr 10 2023
Description
David McCormick is the former CEO of Bridgewater Associates, a premiere asset management firm and author of Superpower in Peril: A Battle Plan to Renew America. McCormick also served as the Deputy National Security Advisor for International Economic Policy and was a personal representative and negotiator to the G8 under the Bush Administration. McCormick and Shawn discuss the issues at the core of the United States rapid decline in industry, education, innovation, and foreign policy. In his latest book, McCormick describes a plan to renew America. In a world full of uncertainty, McCormick tells a realistic but hopeful message on how we can get on the right path. Shawn Ryan Show Sponsors: LearShawn.com - Information contained within Lear Capital’s website is for general educational purposes and is not investment, tax, or legal advice. Past performance may not be indicative of future results. Consult with your tax attorney or financial professional before making an investment decision. HVMN.com - USE CODE "SHAWN" ZipRecruiter.com/SRS Blackbuffalo.com - USE CODE "SRS" David McCormick Links: Website - https://www.davemccormickpa.com/ Book - https://www.amazon.com/Superpower-Peril-Battle-Renew-America/dp/1546001956 Instagram - https://www.instagram.com/davemccormickpa/ Please leave us a review on Apple & Spotify Podcasts. Vigilance Elite/Shawn Ryan Links: Website | Patreon | TikTok | Instagram Learn more about your ad choices. Visit podcastchoices.com/adchoices
Chapters
The speaker discusses the belief that a small group of people is responsible for the destruction of America's values and everything it stands for, urging individuals to acknowledge and address this issue.
00:00 - 02:26 (02:26)
Summary
The speaker discusses the belief that a small group of people is responsible for the destruction of America's values and everything it stands for, urging individuals to acknowledge and address this issue.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
Author discusses his book and its optimistic approach to addressing national issues.
02:26 - 05:55 (03:29)
Summary
Author discusses his book and its optimistic approach to addressing national issues. He also praises the interviewer's book for taking a constructive approach.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
The progressive ideology lacks appreciation for the uniqueness of America and is undermining fundamental things that made America great, such as the notion of liberty for all; this is why 80% of Americans think the country is going in the wrong direction and two-thirds of parents think their kids will be less well off than they are.
05:55 - 13:59 (08:03)
Summary
The progressive ideology lacks appreciation for the uniqueness of America and is undermining fundamental things that made America great, such as the notion of liberty for all; this is why 80% of Americans think the country is going in the wrong direction and two-thirds of parents think their kids will be less well off than they are.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
An industry insider argues that BlackRock's promotion of the use of ESG criteria for investing has gone too far and that market forces should dictate where people put their money.
13:59 - 22:17 (08:18)
Summary
An industry insider argues that BlackRock's promotion of the use of ESG criteria for investing has gone too far and that market forces should dictate where people put their money.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
The excessive spending and the green agenda pursued through policies like the Infrastructure and Inflation Reduction Acts are undermining the power and strength of the US dollar.
22:17 - 26:58 (04:40)
Summary
The excessive spending and the green agenda pursued through policies like the Infrastructure and Inflation Reduction Acts are undermining the power and strength of the US dollar. The low-interest rates maintained by the Biden administration also shake the world's confidence in the US economy.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
The combination of economic challenges and national security issues put the US position as a world leader in peril because instability and chaos in Europe ultimately risk US interest, which China sees as an opportunity to become the world superpower by filling the void of weak leadership.
26:58 - 37:34 (10:36)
Summary
The combination of economic challenges and national security issues put the US position as a world leader in peril because instability and chaos in Europe ultimately risk US interest, which China sees as an opportunity to become the world superpower by filling the void of weak leadership.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
Economic renewal in America can be achieved through the policies of education, talent, technology, and data.
37:34 - 44:51 (07:16)
Summary
Economic renewal in America can be achieved through the policies of education, talent, technology, and data. The strategic use of data is one of the critical components to maintain leadership worldwide and combat China both domestically and globally.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
The host discusses the challenges of finding the right person for the job in a competitive job market and how ZipRecruiter's technology can help businesses stand out by sending high-quality candidates and allowing employers to send personal invites to top choices.
44:51 - 49:42 (04:50)
Summary
The host discusses the challenges of finding the right person for the job in a competitive job market and how ZipRecruiter's technology can help businesses stand out by sending high-quality candidates and allowing employers to send personal invites to top choices.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
This podcast discusses the need to introduce choice in public education where kids have control of the money, minimize the role of teachers in introducing sexual concepts to children and allow parents to have that conversation with their kids, and how progressive ideologies can interfere with the education of children.
49:42 - 55:26 (05:43)
Summary
This podcast discusses the need to introduce choice in public education where kids have control of the money, minimize the role of teachers in introducing sexual concepts to children and allow parents to have that conversation with their kids, and how progressive ideologies can interfere with the education of children.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
The process of implementing Education Choice can be chaotic as schools fight and taxes are debated, but parents have the capacity to pick the best schools for their kids and influence through school boards.
55:26 - 1:02:13 (06:47)
Summary
The process of implementing Education Choice can be chaotic as schools fight and taxes are debated, but parents have the capacity to pick the best schools for their kids and influence through school boards. However, the idea of choice can create chaos, as the public school system may not receive enough funding due to everyone having the opportunity to take their child's backpack full of money and go anywhere.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
Some individuals may benefit from opting out of college to pursue technical jobs, which provide opportunities for a great middle-class existence.
1:02:13 - 1:07:17 (05:03)
Summary
Some individuals may benefit from opting out of college to pursue technical jobs, which provide opportunities for a great middle-class existence. There is a mismatch between the skills required and the skills training currently available for those interested in technical careers.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
The open border results in fentanyl coming across the border and making its way into Pennsylvania in just a few days, having a negative effect on the state.
1:07:17 - 1:11:05 (03:48)
Summary
The open border results in fentanyl coming across the border and making its way into Pennsylvania in just a few days, having a negative effect on the state. However, we cannot ignore the fact that the US needs a legal immigration process that works.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
The podcast guest suggests a disciplined use of military collaboration with Mexico to stop the cartels and address Biden's border policies.
1:11:05 - 1:16:24 (05:18)
Summary
The podcast guest suggests a disciplined use of military collaboration with Mexico to stop the cartels and address Biden's border policies. While it's important to cut off the border, it's equally important to have an immigration system that makes sense.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
By having the private sector invest alongside the government in critical sectors, such as AI and 5G, we can encourage private capital to flow into these areas.
1:16:24 - 1:22:10 (05:46)
Summary
By having the private sector invest alongside the government in critical sectors, such as AI and 5G, we can encourage private capital to flow into these areas. In order to do so, regulations need to be reduced in areas where they may be hindering investment.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
This episode explores how AI could potentially replace jobs in various industries such as data processing and writing, which can create a huge pressure or opportunity depending on how businesses deal with this change.
1:22:10 - 1:28:40 (06:29)
Summary
This episode explores how AI could potentially replace jobs in various industries such as data processing and writing, which can create a huge pressure or opportunity depending on how businesses deal with this change.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
The exponential increase in data in the last year and the sharing of it by pharmaceutical companies during the pandemic highlights the significant role data plays in determining the success of countries and companies in the future.
1:28:40 - 1:32:53 (04:13)
Summary
The exponential increase in data in the last year and the sharing of it by pharmaceutical companies during the pandemic highlights the significant role data plays in determining the success of countries and companies in the future.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
Former presidential candidate Andrew Yang expresses concerns about big tech's role in social media that he believes is counter to America's interest and advocates for a data regime that puts us in a strong position compared to China.
1:32:53 - 1:41:47 (08:53)
Summary
Former presidential candidate Andrew Yang expresses concerns about big tech's role in social media that he believes is counter to America's interest and advocates for a data regime that puts us in a strong position compared to China.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
The interviewee emphasizes that it is crucial to create a process to ensure that companies do not invest in China in a way that supports the Chinese military or Communist Party, and to reduce dependence on China for crucial matters such as environmental protection in order to promote American national security.
1:41:47 - 1:47:58 (06:11)
Summary
The interviewee emphasizes that it is crucial to create a process to ensure that companies do not invest in China in a way that supports the Chinese military or Communist Party, and to reduce dependence on China for crucial matters such as environmental protection in order to promote American national security.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
The possibility and responsibility of running for office spurred thoughts of creating a cleaner future by taking advantage of carbon-friendly ways to use fossil fuels and developing nuclear energy as a real possibility to reduce carbon footprint and dependence on foreign countries for energy sources.
1:47:58 - 1:52:50 (04:52)
Summary
The possibility and responsibility of running for office spurred thoughts of creating a cleaner future by taking advantage of carbon-friendly ways to use fossil fuels and developing nuclear energy as a real possibility to reduce carbon footprint and dependence on foreign countries for energy sources.
Episode#53 David McCormick - Fmr CEO Bridgewater Associates - A Battle Plan for America
PodcastShawn Ryan Show
The speaker talks about promoting his political book to gain further insight and data on the country's needs and how to address them, possibly by starting discussions on the topic in Pennsylvania and nationally.
1:52:50 - 1:54:17 (01:26)
Summary
The speaker talks about promoting his political book to gain further insight and data on the country's needs and how to address them, possibly by starting discussions on the topic in Pennsylvania and nationally. He also mentions the concept of deal breakers in a relationship.