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Political Commentator
Trump's session has arrived. The tariffs that are tanking the global stock market, the American stock market, the US Dollar, and destroying the brand of America. With Donald Trump and all of his authoritarian bullshit, it's coming, it's starting to hit consumers. We're going to start having empty shells, but let's look at the different industries and then we see what's happening. Starting with airlines. US Airlines are saying that Trump's actions have caused such a radical drop in air travel that they can't make what their businesses will look like in six months time. And that's not because they'll be making so much money. So Trump session is making Biden nomics, which was, might I remind you, the best economy in the world when Trump got started, stock market all time high. Now he is destroying the US Economy. And then we have Apple. Everybody has an Apple product. Apple says tariffs will add 900 million in costs just this quarter. Apple Chief Executive Officer Tim Cook, who I will remind you was sitting on the podium when Donald Trump was inaugurated, said that planned US tariffs on foreign imports will add 900 million in costs in the current period. That is a huge amount, he told analysts on a conference call. The estimate should not be used to make projections for future quarters, as there are certain unique factors that benefit the June quarter. So just in the first hundred days of Trump's presidency, he's cost Apple and its consumers $900 million. And then you have Ron Johnson, who has no conviction who did not vote for limiting Trump's tariff ability, but gets on Fox News and says this, and this is what's happening on Fox News.
Economic Analyst
Say that. I'm hearing an awful lot from manufacturers in Wisconsin. You know, if this thing drags on, if the tariffs remain high, their businesses will be put out of business. One good piece of economic news with the recent numbers, business Investment was up 9.8%. President Trump and his team has to be very concerned if this trade war continues, if the uncertainty, instability continues, that investment is going to fall off the cliff and that'd be very bad for America. So again, this is a bold, okay.
Political Commentator
This is a US Senator from Wisconsin that is sitting on Fox News telling us how bad the tariffs are, how bad economic uncertainty is for business owners. And then he votes against limiting Trump's power because Trump is an authoritarian. And if you vote against the authoritarian, MAGA and Elon Musk's money come after you. So this is a man that is more concerned with his own political future than that, the future of his constituents. And it's gross. So let's look at what's happening in the trucking industry because of Trump's tariffs. Freight wave CEO wary of Trump's tariffs. I did not vote for a neutron bomb to wipe out supply chains and small businesses. 100 days in Fuller, the founder of the Chattanooga based analytics company Freight Waves wrote on social media, this is not happening in a vacuum. You've got Apple, you've got shipping, you've got trucking, you've got the people that manufacture. All of the economy is going to shrink. That's why the GDP had a contraction, because these tariffs, not only are American consumers going to feel it, but American workers are going to feel it because they're going to lose their jobs. So we're going to have empty shelves. This is a disaster. But Trump wants all of industry to come beg him to reduce the tariffs. And what's China saying? Kiss our ass. And that is going to affect the U.S. consumers. Certain companies that deal in the U.S. whatever you're buying, the price doubles because of Trump's tariffs. This is going to affect Americans. And then you have New York Times reporting this. Companies are serving notice we're raising prices because of tariffs. President Trump's trade policies are already starting to frustrate American consumers who have noticed higher prices in their shopping carts. Now you have Trump and Stephen Miller and Caroline Lovett saying, oh, prices aren't up. I know MAGA is dumb, but they even know when the prices are higher. This is what got people all riled up to go out and vote for Trump was the price of X, the price of eggs are up, the price of everything is up. His response is, oh, we'll get fewer Barbie dolls or get fewer toys for your kids. This is a man that does not give two shits about the American people and what struggles they face financially. Because you know why? You know who's profiting right now? Because of Trump and all of his crazy ass policies and destroying the American brand. Trump and his family. We see that Saudi Arabia has invested $2 billion in crypto with family. Abu Dhabi backed firm will use Trump crypto in 2 billion dollar deal. The deal could generate hundreds of millions of dollars for the Trump family, highlighting ethical conflicts surrounding President Trump's crypto firm. Here's what I have to say. We could sit right here and talk about Trump's corruption and tell our heads fall off. He's not trying to hide it, he's making a fast buck. His net worth has increased substantially in the first 100 days. And here, here's what's so dangerous about that. He has all this power, he's making all this money, it's so corrupt and that's not enough. He still wants to ruin democracy. He still wants to shut down Americans and the American dream because he doesn't give a shit. Imagine being that rich and having that much power and having inherited the best economy in the world and you want to wreck everything because you want to be a dictator. Something else that's alarming about this investment in his crypto scam. We have Witkoff, who's the entourage for the Trump administration because it's not little Marco, his son is also part of this board on this crypto. Will you pull that up, Kylie? That transaction would be a major contribution by foreign government to President Trump's private venture, at least in the first term they tried to hide it. One that stands to generate hundreds of millions of dollars for Trump. And it is public. And a vivid illust of the ethical conflicts swirling around Mr. Trump's crypto firm. Then you have Zach Witkoff, who you know, little Marco's done as Secretary of State. We've got Witkoff's dad marching around hugging Vladimir Putin, a founder of the Trump family crypto firm World Liberty Financial revealed that a so called Stablecoin developed by the firm would be used to complete the transaction between the state backed emirate investment firm MGX&B Ants, the largest crypto exchange in the world. So the corruption surrounding Trump, you know, you wonder like these people said, I'm fine to work for a convicted felon. I'm fine to go at democracy. I'm fine to take the United States brand and trash it. You wonder, who are these people? Well, there's people that are willing to profit due to corruption and support a convicted felon. That's who these people are. So don't sit here and act like, you know, you give a shit about what's going on in Russia. You give a shit about money, and that's all these people care about, is money and power. And then we have the borders are as people. The human rights violation in the United States have put us on a global watch watch list. We're taking immigrants without due process and sentencing them to an El Salvadorian concentration camp. And the Supreme Court says you need to facilitate the return. And there the Trump administration says you, here's what you have. Tom Homan, the borders are saying, so.
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The President signed an executive order just this week threatening to defund sanctuary cities for their policies. Why not just arrest the leaders who are harboring and shielding illegal aliens, actually terrorists from deportation?
Political Commentator
Okay, so basically this right wing maggot nut is saying, well, instead of defunding sanctuary cities, why don't you just arrest their leaders? And Tom Homan, instead of saying, this is the United States of America, we don't arrest government leaders that have policy that disagree with us. He says, wait to see what's coming. That's chilling. That is bone chilling. And it's continuing to happen. And the Democrats in the House and the Senate, I just don't hear them screaming loudly enough. You hear some, but Chuck Schumer, you know, he's writing very heated letters and I think it's just going to take more than that. And then we have the. A Trump appointed judge, judge in Texas says a Trump appointed judge has barred the administration from removing migrants under the Alien Enemies Act. Okay, and I want to read in the pertinent part the order it says as to the question. The historical record renders clear that the president's invocation of the American Aliens Enemies act through the proclamation exceeds the scope of the statute and is contrary to the plain ordinary meaning of the statute's term. As a result, the court concludes that as a matter of of law, the executive branch cannot rely on the Aliens Enemies Act. This is a Trump appointed judge. So now, you know, he's undermining the judicious judiciary. Oh, they're, you know, they're woke, they're left wing. This is Trump's appointed people. And they are saying, you cannot deport people without due process because you're saying there's an emergency when there is no emergency. The Alien Enemies act was in a time of, well, first of all, it was in the 1800s, like, cut me some slack. And all the lies about migrants and demonizing these people, it is gross. It is terrifying. And I just wanted to leave this information. You know, mental health is a crisis. We've got gunmen going in and shooting people. They're not drag queens. They're typically white men. And here's we have. Trump is defunding the Department of Education. It is stopped $1 billion in funding for school mental health. It's unbelievable. Republicans say, well, it's not the guns that are the problem, it's mental health issues. But they don't want to support mental health support. They don't want to fund mental health, but they damn sure don't want to make any laws about guns because then that would cut down the contributions from the nra. It's gross. We've got to unite. We've got to resist this authoritarianism. Stick with us. For more news.
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IHIP News Episode Summary
Title: Trumpcession Is Crippling Businesses; CEO’s Are Speaking Out!
Hosts: Jennifer Welch & Angie “Pumps” Sullivan
Release Date: May 4, 2025
In this episode of IHIP News, hosts Jennifer Welch and Angie “Pumps” Sullivan delve deep into the ongoing economic repercussions of President Donald Trump's tariff policies. From crippling various industries to sparking widespread corporate dissent, Trump's administration has significantly impacted the U.S. economy, leading business leaders to voice their concerns loudly.
Airlines:
Jennifer and Angie highlight the severe downturn in the airline industry due to Trump's tariffs. They discuss how U.S. airlines are experiencing a sharp decline in air travel, threatening their viability within just six months.
Technology Sector – Apple:
The hosts examine Apple's predicament under the new tariffs, noting the substantial financial burden the company faces.
Trucking and Supply Chain:
Jennifer and Angie discuss the trucking industry's struggles, emphasizing how tariffs have disrupted supply chains and increased operational costs.
Economic Analyst Insights:
An economic analyst provides a sobering overview of the long-term effects of sustained tariffs, cautioning that prolonged uncertainty could lead to a drastic decline in business investments.
Corporate Voices Against Tariffs:
CEOs and industry leaders across various sectors are speaking out against the tariffs, highlighting the cascading effects on prices and consumer costs.
Trump’s Financial Gains and Crypto Ventures:
The episode delves into allegations of corruption surrounding Trump's financial dealings, particularly his involvement in crypto investments backed by foreign entities.
Judiciary Undermining and Policy Overreach:
Jennifer and Angie discuss a recent legal setback where a Trump-appointed judge barred the administration from removing migrants under the Alien Enemies Act, signaling judicial resistance to executive overreach.
Harsh Immigration Policies:
The hosts shed light on the Trump administration's stringent immigration policies, including the treatment of immigrants and the push to defund sanctuary cities.
Human Rights Concerns:
There is a critical examination of the administration's approach to immigration, likening detention centers to concentration camps and highlighting the lack of due process for immigrants.
Neglected Mental Health Initiatives:
Jennifer and Angie discuss the Trump administration's halting of $1 billion in funding for school mental health programs, exacerbating the mental health crisis in the country.
Gun Violence and Policy Stalemates:
The episode touches upon the ongoing gun violence issues and the administration's reluctance to implement meaningful gun control measures due to NRA influence.
In the concluding segment, Jennifer and Angie urge listeners to unite against the rising authoritarian tendencies within the Trump administration. They emphasize the importance of resisting policies that undermine democracy and degrade the American dream.
This episode of IHIP News provides a comprehensive analysis of how President Trump's tariff policies are adversely affecting various sectors of the U.S. economy. Through detailed discussions and authoritative quotes, Jennifer Welch and Angie Sullivan shed light on the broader implications of these policies, including corporate dissent, economic instability, corruption, and human rights violations. The hosts effectively call for collective resistance against the administration's authoritarian measures, emphasizing the need to protect and restore the integrity of American democratic and economic systems.
Notable Quotes Overview:
This detailed summary captures the essential discussions, insights, and conclusions from the IHIP News episode, providing a clear and engaging overview for those who have not listened to the podcast.