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Transcript of Trump Has Terrible Friday as He Gets Awful News on Everything

The MeidasTouch Podcast
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Transcription of Trump Has Terrible Friday as He Gets Awful News on Everything from The MeidasTouch Podcast Podcast
00:00:00

A terrible Friday morning for Donald Trump. His approval rating on the economy is absolutely getting battered as Donald Trump is being blamed, and rightfully so, for the government shutdown and the surging inflation. The new CNBC survey shows that Donald Trump has a negative 13 net approval on the economy. He and the GOP are rightfully being blamed for the mess that they are causing. I mean, just take a look at the headlines anywhere in the country, and you'll find something like this. Page one, Minnesota Star Tribune, Insurance costs pummel. Seniors. And look, we're focused a lot right now on these affordable Care Act premiums that are surging. And it's not just that, it's all types of insurance. It's all types of utilities that are increasing right now. It's groceries are increasing. We all know that things are much more expensive expensive under this disastrous Trump regime. Also, a shockwave is being sent through the regional bank community. Recent disclosures from lots of regional banks are showing some systemic There are some strategic issues there as well. Disclosures coming as investors were already nervous about the implosion of auto lender tricolor holdings and the bankruptcy of auto parts supplier, First Brands Group, coupled with Jamie Dimon of J.

00:01:31

P. Morgan Chase, warning of Cockroaches in Credit. This sound familiar to you? We've been talking about this now for a very long time. As I've been saying, systemically and structurally right now, this Trump regime is ripping apart the fabric of our economy. I said, You all remember how the great recession in '08 really started, '07, '08, '09, that period? You all remember what it was based on? It was based on all of these homes, the foreclosures on all of these homes. And there, that was just one trap taking place. Now, what we see happening is these traps in almost every aspect of our economy taking place, the subprime mortgages back then. Now we're seeing this all across. It's all one big Trump Ponzi scheme as he and his regime claim that they've brought in what Trump said yesterday, $20 trillion. Peter Navarro is now claiming it's $19 trillion. They are just making up numbers right now. By the way, here's Peter Navarro this morning, just so you can see, saying that they brought in $19 trillion in investment commitments. All lie, all one big Ponzi scheme. This is Navarro from this morning. Let's play it.

00:02:48

But let's think about this. You can't have the manufacturing jobs until what? Until the plants get built. We got $19 trillion. Let's Let me say that one more time. $19 trillion of investment promised to come into this country. Now, construction is going to boom in the short run, but we're not going to see the manufacturing jobs until that capacity gets built. So it'll be six months, nine months, twelve months, 18 months. But what we're doing is setting the stage for the construction of a beautiful addition to our manufacturing base. And by the way, this is how smart, not me, but we are as an administration. It's like when we're cutting these trade deals and Japan's offering to invest here in America, that money, you know how we're going to use that money? That money is We're going to significantly target at vulnerabilities in our supply chain.

00:03:49

Meanwhile, we're seeing this headline from Reuters that China is willing to restart dialog with Canada at all levels, the foreign minister says. China opening up more markets. And as the United States continues to pull back, get weaker, attack Canada, attack its allies, we're seeing China step in, filling a void, and trying to position itself as a responsible player in this global economy right now relative to Donald Trump waking up and posting lunatic things on social media. Take a look at this story. I think this highlights the way American businesses are being impacted by the Trump tariff. So here's the story from CNBC this morning. Small businesses are being crushed by Trump's tariffs. An economist say it's a warning for the economy. It's more than a warning. It's a three-alarm fire. So this article highlighted the CEO of Village Lighting, a small business selling Christmas products. And the CEO of Village Lighting says, It's now to the point where I could lose everything. Everything. Being a small business owner isn't worth it when your country turns on you. When your country turns on you. Take a look at this. As Carl King, Denia says, This is bananas.

00:05:12

So last year, Village Lighting in 2024 paid less than $50,000 in tariffs. This year, the total tariff expected is at least $1 million for this Christmas Lighting Company. If they pay $1 million in tariffs, how are they expected to survive? By the way, if you look at this at an individual level, if our affordable Care Act premiums go up three to four times, who can afford to pay $25,000 to $30,000 a year in health insurance. This is not sustainable.

00:05:49

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00:07:19

And while this is not sustainable, you've got the Trump regime giving $40 billion. Let me repeat that, $40 billion in a bailout to Argentina. Didn't Trump and Magga all say that Javier Mallet, the leader of Argentina, was this brilliant mastermind with the economy and that he was making the Argentinian economy surge? Wasn't that what they were saying two years ago And Argentina should be a model for the United States. Now we're doing a $40 billion bailout while US Treasury Secretary Scott Bessent, is like whining about China being mean to him. They're being mean to me. He said that the behavior behavior by the Chinese Trade Officials in Washington, DC, during their discussions was unhinged. Unhinged. That's how you're referring to the Chinese negotiators. You think that the rest of the world doesn't think that this ridiculous Trump regime is the ones who are really unhinged? I'll show you unhinged. This morning, Donald Trump, an interview, I guess it's going to air over the weekend, but here he is with Maria Bartaroma. Fox released some clips right here. Maria Bartaroma says, You're going to put 100% tariffs on top of what's already in place. You're going to do 157% tariffs on China.

00:08:36

Donald Trump's like, I know it's not sustainable, but that's what the number is. The number is what the number is. What are you just making up numbers? You're making up numbers, and then you're also weakening your own negotiating position by saying it is not sustainable. These are quite literally the stupidest people running our economy into the ground. Here, play this clip. If you put that 100% tariff on top of what's in place already, but 157% tariff on China, can that stand? What is that going to do to the economy?

00:09:07

It's not sustainable, but that's what the number is. It's probably not. It could understand, but they forced me to do that. I think we're going to do fine with China. I get along great with him. He's a very strong leader, amazing man. You look at what he's and where his life is. It's an amazing story. It's a story for a great movie. I think we're going to be fine with China, but we have to have a fair deal. It's got to be fair.

00:09:42

Speaking of the stupidest people, Eric Trump then gave an interview with CNN where he showed the video of his daddy speaking with the President of Indonesia, where they were obviously discussing, in my opinion, some new quid pro quo deal. The Indonesia leader was like, Hey, I'd like to meet Eric. I've got some land. I got some ideas. Then Donald's like, Eric's a good boy. He's a good boy. Then Eric's shown the video of corruption in plain view of selling out the United States for freaking Eric Trump and Trump's stupid business deals, selling pieces of our country away. Eric's like, I'm a good boy. Yeah, he acknowledges. My dad, he says, I'm a good boy. What weird people are these? Here, play this, Klim. Obviously, there are investment projects happening in Indonesia. First off, have you heard from the President? Has he called you?

00:10:38

No, not about that, but I'm glad he acknowledges that I'm a good boy. I am a good boy.

00:10:42

Then, MAGA Mike Johnson holding his press conference this morning and saying, Don't you want me just to be a happy warrior? If you want me to be a happy warrior, then just sign our continuing resolution where we get rid of health care for 20 million Americans. Because don't you want Mag and Mike to be a happy warrior? Here, play this clip.

00:11:03

Day like this at the end of another long week, I just feel like we ought to apologize. I hate that we have to do this. I don't want to be here any more than you do talking about this subject. It is so difficult to be a happy warrior when you know that so many millions of American people are suffering, being made to suffer unnecessarily.

00:11:20

Then Maga Mike goes into this weird rant saying, The last time I checked, Americans have more freedom right now since the Republicans have taken over than ever be before. Here, play this clip.

00:11:31

Beauty of America. They are decrying the country that allows them to engage in this activity. And the last time I checked, Americans have more freedom right now to express themselves and speak their minds after Republicans took over and ended the years of having millions of Americans' voices systematically silenced during the COVID pandemic years and the left's cancel culture. It is the Republicans that restored your right to share and speak your mind. That's the first and most obvious irony, the hate America rally, the second, and even Then hat-tip to Democratic leader Hakeem Jeffrey, who punched back at Caroline Levant after she says, The Democrats are the ones who support the terrorists.

00:12:09

Democrats' constituents are just all a bunch of terrorists. And Hakeem's like, Is this lady crazy? Is this lady a crazy person? Watch Hakeem. He's doing it good. Here, play this clip.

00:12:19

It's a matter of deep concern. We've already seen a rise in political violence and hatred in America. And then you've got swastikas apparently appearing in the offices of Republican members of Congress. You've got young Republicans engaging in the most anti-Semitic and racist speech possible. This is apparently who many of these people are. They are ripping the sheets off in plain view of the American people. Their words, their actions, revealing themselves in so many different Then you got Caroline Levit, who's sick, she's out of control. I'm not sure whether she's just demented, ignorant, a stone cold liar or all of the above. But the notion that an official White House spokesperson would say that the Democratic Party consists of terrorist, violent criminals, and undocumented immigrants, this makes no sense. This is what the American people are getting from the Trump administration in the middle of a shutdown. So their actions continue to speak for themselves, which is why they're on the wrong side of public sentiment. Question on the second.

00:13:43

There you have it, folks. Let me know what you think. Hit subscribe. Let's get to 6 million. Thanks for watching.

00:13:48

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Episode description

MeidasTouch host Ben Meiselas reports on Donald Trump’s terrible Friday as he gets awful news about everything he is doing and Meiselas reviews everything that Trump is ruining today.

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