Transcript
Pacific Life Announcer (0:00)
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Host (0:34)
Millions of Americans voted for Donald Trump because they have bought into the lie that he's a good businessman. And that is one of the biggest cons on the planet. This man is a trust fund baby who has squandered a lot of his money, who bankrupted casinos, bankrupted universities, complete scam artist who's always been bailed out. And he was about to go to prison unless he won President of the United States. And like all Republicans before him, they wreck the economy. My entire lifetime, every time we've had a Republican president. The myth is that Republicans are so good with business, they're not. They always wreck the economy and they deregulate it. The unique thing about Trump is he's done it in record time in only 10 months. The wall Street Journal, owned by Rupert Murdoch, one of the most conservative newspapers in the country three days before the presidential election in 2024, said no matter who wins, they're inheriting an incredible economy in record time. This man has just completely dismantled it and he doesn't want anybody to know, he doesn't want the public to know just how bad it is. Pop this up. Newswire US 3rd Quarter Advanced Estimate GDP Report Canceled yet again. They want to cook the books, they want to make shit up and they want to gaslight the public that somehow the economy is doing well and there's just certain things they can't spend. You get your electric bill, you know it's higher. You get your grocery bill, you know it's higher. You're having a hard time making ends meet. There's not an amount of spin that can help you reconcile your checkbook in real time.
Co-host (2:18)
And I, I think I'm going to start doing that. If there's something I don't like, I'm just going to say, hey, I'm not going to put that out. I'm not, we're not going to talk about that. Like, you know, if I confront something in my day to day life, that's my new thing just now. We're not going to do that report. It's going to look bad. We're going to look like shit. It's going to show that we've been grifting that we're incompetent, not going to go there.
Host (2:38)
All right. I want to thank Josh for co hosting for Pumps today while she's on vacation. So I started diving into this. Josh and listener and there's a lot of cracks under the S&P 500. And some economists are predicting a huge crash is coming for the US economy. Which makes sense as to why the Trump administration, who already has like a 32% approval rating completely underwater on the economy, that they would want to hide data from the public. Pop this up. Expert who predicted the dot com crash says Americans could face a much bigger crisis soon. Albert Edwards has warned that there are some key elements which will make the fallout worse. And this is really something that I've been reading a lot about. I'm not an economist, but apparently there's this big AI bubble that's kind of propping up the stock market right now. And Kylie put up this next headline so I can explain it to you guys. And Josh, The S&P493 reveals a very different US economy. Why are they calling it the 493? Because there are seven companies, all AI companies that are trading like billions and trillions of dollars back and forth. So if you remove those from the S&P 500, then you have kind of the real economy. And these seven economy, these seven businesses, you guys, they're all of the people that donated to his campaign that are donating to his ballroom, that go sit in these horrible humiliation exercises where they have to sit and praise like, oh, you're so smart. Your leadership is incredible to Donald Trump. And here's an excerpt from this article that will help understand it. A group of trillion dollar brands known as the Magnificent Seven Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla has been at the forefront of those gains thanks in large part to corporate spending and intense interest in artificial intelligence. But economists and investors are raising concerns about the companies that aren't part of the AI investment boom. In other wor most businesses in the United States, an index that leaves out the seven high flying tax firms, call it the S&P493 reveals a far weaker picture as smaller and lower tech companies report lackluster sales and declining investment. So keep that up for just a second. Kylie, Amazon, Jeff Bezos. Suck up. Total suck up to Donald Trump, Apple, Tim Cook, Zuckerberg, Bill Gates, Elon Musk, the Nvidia guy. All of these guys are suck ups to Trump. They are all, they all have the power to be the Industry titans that could stand up to this fascist regime, but they're playing a short term game. This is really stunning to me. And this is why Trump, in his bubble, Josh, he talks about the economy's great. Well, the economy is great for him because he's made like $8 billion and avoided prison. The President has these guys, those companies have gotten $800 billion richer in these 10 months. And Elon Musk, after doing a Sig Heil, probably doing a bunch of illegal shit with Doge, got rewarded to be the world's first trillionaire.
