Episode Overview

Title: Trump Scrambling to Hide Horrific Economic Reports, Massive Crash Incoming
Podcast: IHIP News
Hosts: Jennifer Welch & guest co-host Josh (subbing for Angie “Pumps” Sullivan)
Date: November 27, 2025

In this episode, Jennifer Welch and special guest co-host Josh deliver a passionate, often sardonic breakdown of the Trump administration’s handling of the American economy in late 2025. They dissect the widening cracks in the economy—especially as major economic data is deliberately withheld ahead of what some experts predict will be a catastrophic crash. The hosts target the myth of Trump's financial competency, expose the power of AI-driven megacorporations, and connect deregulation to public harm, all wrapped up with their irreverent, humorous tone.

Key Discussion Points and Insights

1. The Myth of Trump’s Business Acumen & GOP Economic Mismanagement

• Host’s opening salvo: Jennifer immediately attacks the narrative of Trump as a successful self-made businessman and expands the critique to Republican presidents broadly.
  • “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.” (00:34)
• Points out Trump’s repeated business failures (casinos, university) and links GOP policies to regular economic instability.

2. Withholding of Official Economic Data

• Jennifer flags that the Trump administration has blocked the release of the Q3 GDP report in an attempt to avoid negative press.
  • “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…” (01:31)
• Josh jokingly compares this to selectively ignoring personal problems:
  • “If there's something I don't like, I'm just going to say, hey, I'm not going to put that out... That's my new thing just now. We're not going to do that report.” (02:18)

3. Cracks Beneath the S&P 500 “Magnificent Seven” and the Coming Crash

• Jennifer discusses the “AI bubble,” focusing on how seven enormous tech companies (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, Tesla, the so-called “Magnificent Seven”) mask broader market weakness.
  • “If you remove those from the S&P 500, then you have kind of the real economy… an index that leaves out the seven high-flying tech firms… reveals a far weaker picture.” (04:47)
• Highlights the close ties between these corporate leaders and Trump, suggesting their financial gains depend on allegiance to the administration.

4. Power Consolidation, AI Regulation, and Authoritarianism

• Josh warns of the dangers of concentrating wealth and influence within a few corporate elites in an unregulated environment:
  • “The idea here is to consolidate power amongst a very few wealthy individuals… puts you on track for authoritarianism in this sort of government led regime of President Trump. It’s very dangerous…” (06:19)
• Jennifer describes AI not just as an economic threat (job loss), but an emerging social and psychological one (mental health, inappropriate use):
  • “There are stories all over the place of people having psychosis from having too much interaction with artificial intelligence… This is what government is for. Government is to keep us safe and regulate us from capitalism’s worst impulses.” (07:17)
• Critiques the perennial GOP scapegoating of minorities, immigrants, and marginalized groups while tech/AI truly threatens jobs.
  • “These seven tech giants, the AI is what's going to take all your jobs. They want to have a ruling oligarchy class and… psychological effects from us becoming disconnected…” (07:54)

5. Deregulation: Chemical Approval and Public Safety

• Jennifer spotlights new EPA approvals of harmful pesticides, linking deregulation directly to harm-for-profit:
  • “When Republicans say deregulation they mean things like adding poisons to your food because it's more profitable…” (09:28)
• Regulations are reframed as essential safety measures:
  • “They're not regulations, they're safety measures. These regulations keep the public safe. You do not want corporations putting forever chemicals that cause cancer clusters in your food.” (09:45)
• Josh says wealth buys freedom from rules under Trump:
  • “If you have enough money, you can buy your way out of being regulated. You can get a pardon. You can do anything you want if you have a lot of money.” (10:25)

6. The Venezuelan Oil “War” and Trump’s Billionaire Handouts

• Jennifer and Josh air a Fox Business interview where US intervention in Venezuela is openly justified as a “trillion dollar” opportunity for American oil companies:
  • “Venezuela for the American oil companies will be a field day because it will be more than a trillion dollars in economic activity…” (Guest 2, 14:41)
• Jennifer calls it out as an explicit handoff of national policy for billionaire enrichment, likening it to the Iraq War but “they’re just admitting it this time.”
  • “This is another big handoff from Trump to billionaires and he makes sure he’s giving it to everybody. Big oil, big pharma, big chemical, big church, big everything… And guess what? He doesn’t give a if American soldiers go over there and die.” (15:31)
• Josh emphasizes the underlying motive:
  • “It's again, another… deflection by this administration. Like you said to take away from the other things that are going on, but ultimately, like everything else, it's financial. If we go in and take over Venezuela, it's for money. It's for oil. And she said it. She admitted it.” (17:00)

Notable Quotes & Memorable Moments

• "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."
  — Jennifer Welch (00:38)

• "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..."
  — Jennifer Welch (01:31)

• "If there's something I don't like, I'm just going to say, hey, I'm not going to put that out. ...That's my new thing just now. We're not going to do that report."
  — Josh (02:18)

• "These seven businesses, you guys, they're all of the people that donated to his campaign... 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."
  — Jennifer Welch (04:55)

• "It's breathtaking. And you see that these leaders of these corporations, the idea here is to consolidate power amongst a very few wealthy individuals. ...That's very dangerous for middle class America."
  — Josh (06:19)

• "All of these people started backing Trump because they want unregulated artificial intelligence. ...There are stories all over the place of people having psychosis from too much interaction with AI."
  — Jennifer Welch (07:17)

• "When Republicans say deregulation they mean things like adding poisons to your food because it's more profitable for the companies giving them campaign donations."
  — Jennifer Welch quoting Melanie Dagio (09:28)

• "If you have enough money, you can buy your way out of being regulated. ...The American people at some point are going to see this and call it for what it is."
  — Josh (10:25)

• "Venezuela for the American oil companies will be a field day because it will be more than a trillion dollars in economic activity..."
  — Guest 2 on Fox Business (14:41)

• "He is benefiting every single one of his billionaire friends. And guess what? He doesn't give a if American soldiers go over there and die. As long as American oil companies can have a field day and make a ton of money..."
  — Jennifer Welch (15:31)

Segment Timestamps

• Trump’s business myth & economic gaslighting: 00:34 – 02:18
• Withholding economic data & “cooking the books”: 01:31 – 02:38
• S&P 493/Magnificent Seven & AI bubble: 03:00 – 06:19
• AI, deregulation, and threat to jobs/regulation: 07:17 – 10:25
• EPA, chemicals, and the deregulation grift: 09:28 – 10:25
• Venezuela “war for oil” admission: 14:12 – 15:31
• Broader implications of foreign intervention: 17:00 – 17:34

Overall Tone and Takeaway

Jennifer and Josh deliver a fiery, comedic—but deeply alarmed—critique of Trump’s economic policies and the growing collusion between government and tech/corporate titans. They warn of a coming economic crash masked by manipulated data, dangers of mass AI adoption, and the deepening disregard for public safety in favor of profit. Their blunt, conversational style pulls no punches and demands listeners question who truly benefits from current policies.