Transcript
A (0:01)
This episode is brought to you by Lifelock. When you visit the doctor, you probably hand over your insurance, your ID and contact details. It's just one of the many places that has your personal info and if any of them accidentally expose it, you could be at risk for identity theft. Lifelock monitors millions of data points a second. If you become a victim, they'll fix it, guaranteed or your money back. Save up to 40% your first year@lifelock.com podcast terms apply. This episode is brought to you by Progressive Insurance. Fiscally responsible financial geniuses, monetary magicians. These are things people say about drivers who switch their car insurance to Progressive and save hundreds. Visit progressive.com to see if you could save Progressive Casualty Insurance Company and affiliates. Potential savings will vary. Not available in all states or situations foreign. You're listening to the no Spin News Talking Points edition.
B (1:05)
But first, the Talking Points Memo. The Trump administration hits a wall. All right, so he's everywhere and he's paying a price for it. His hands hurt. He slashed over a little bit. He's tired. There has not been a president in modern history in the first seven months who has tried to reform the government as much as Donald Trump has. That is a true historical statement. FDR would be second because he walked into the Great Depression. But half the country doesn't want reform. Half the country still supports the Democratic Party. That didn't want to change one thing other than raise taxes. Violence, okay with them. Ukraine, war, nothing. Gaza, nothing. So the people who support the Democrats, and there are millions and millions of them, okay, they don't want to reform at all. So that Trump is up against that, but he doesn't really care. He made promises and he wants to keep them. But right now he's stalled. Let me back it up. So you've got Ukraine, which Donald Trump thought he would solve very quickly. But Putin is not the same president that Trump dealt with five years ago. Putin now is a certified psychopath. He does not want to stop the killing. Very hard to negotiate with a person like that. China trade has stalled. This is huge. Xi playing a little bit of a game, waiting to see if Trump can get anything out of Putin. And finally, you got the Hamas situation just today. Two Palestinians assassinated six innocent people in Israel just today, okay? And Hamas applauded it. You know, you anti Israel people out there, if you don't see the evil coming out of Hamas and those terrorists, then don't read my book. There's nothing I can do for you. I opened the book with the October 7th attack just to Put you in the middle of evil. But if you don't believe it at this point, forget about the book. Be a total waste of time for you. All right, so Trump is stalled on all three of those things right now. It frustrates him. Okay, then he's got the economy, which right now people are worried about. And I'll give you the poll numbers in a moment. But let me give you the economic numbers, because they're very, very important. So unemployment in the USA is 4.3%. Okay. Four years ago under Biden, it was 4.8%. Inflation right now is 2.7%. Four years ago, 5.4%. So obviously, the nation is better off now than it was four years ago under Biden. Not even debatable. But Trump promised, and this is why he got elected. All right, Economic relief, now, that's a little dicey. According to Reuters poll. And that Reuters is so. So most Americans are worried. Do you approve of the way Donald Trump is handling employment and jobs? Approve. 38. Disapprove. 51. That's not a good number for the president. Do I believe the number is accurate? Not really, but I do believe that Trump has got. People are waiting to see, but they're not happy right now. I think that's accurate. CBS poll, again, questionable poll. Do you think the U.S. economy is getting better? 27%? Worse. 56%. That is a tough number. Staying the same. 17. Okay, so you are looking at. And by the way, I hate by the way, but in addition, that's a better phrase. November 24th, after Trump was elected, getting worse was 42. It's now up to 56. Why? It's because of the grocery store. Primarily gas prices in my neighborhood on Long Island. They're coming down a little bit. They're not as bad as they were under Biden. And you could see that the oil supply is rising. That I think will continue. But food prices, the truth is the grocery stores and restaurants do not want to drop these prices. And Trump can't force them. They don't want to drop them. Food companies don't want those prices going down. That's really a tough problem. It's almost like Putin. So you're trying to deal rationally with these problems, can't deal with an irrational man. Putin got to force him. Okay? And the US Companies are going, I don't want to draw my purse. I'm getting it. People have to eat. So why do I want to drop them? The only way that happens is if competition steps in and some lower their prices, then the others almost have to do it. Very, very difficult. So at this point, the Trump administration has lost some momentum. However, next week, interest rates will probably be cut. That could provide a storm surge for Trump. I don't know if it will. Nobody can predict these things. The tariffs a little bit further out could go either way. And that's the memo.
