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Michael Popak
Well, the Trump administration declared war again today. Nope. Not against Venezuela, but against Amazon, the giant online retailer owned by Jeff Bezos.
I thought Jeff Bezos was a big supporter of Donald Trump. I thought that Jeff Bezos gave Melania Trump $40 million and overpaid for her documentary in order to curry favor and get Trump off his back. Well, nobody gave that memo to Carolyn Levette, the press secretary, because she said it was a hostile political act. Because AMAZ is going to list on its giant website of goods the tariff cost of the Trump slump. So next to the pricing, you're gonna see how much of that increase in price is because of a tariff. I mean, it's really no different than listing sales tax how much your total.
Out the door price is gonna be.
But to Carolyn Levette and the Trump administration, who feel betrayed by Jeff Bezos, it's a hostile political act. You know, it's not a hostile political act.
Joining me here on the Midas Touch.
Network and legal AF I'm Michael Popak. You know, it used to be, I used to like my, when my Republicans.
And friends were supportive of business, they.
Used to be seen as good for business.
And now they're on the attack against.
Business, going after their dei, their hiring.
Practices, who they do business with, where they invest.
I mean, most of the economy is.
Driven by big business.
And big business along with the rest of the voters in recent polling, do not like the Trump administration. And if you've lost business as the businessman in chief, Donald Trump, what does that say about your chances at the.
Midterms to hold on to the House and the Senate?
Why in God's name would they go after Amazon and call it a hostile political act? I mean, I could see making a couple of phone calls, I could see.
A couple of closed door meetings.
I could see Jeff Bezos getting a visit from fill in the blank from the Trump administration, but being called out.
As earnings are being reported for Amazon down 2%.
The stock is now dropping 2%. This is what happens when you get into bed with Donald Trump. So let's back up a little bit. What is the relationship between Jeff Bezos and the Trump administration and Donald Trump in particular?
Well, Bezos himself or Amazon through their.
Computing side, you know, they have a lot of excess capacity on their servers and on their cloud and they offer those computing services to federal agencies.
So they have billions of dollars of federal contracts.
At least they did before Doge got in there. So that is a one connectivity between Donald Trump and Jeff Bezos. Jeff Bezos also did Donald Trump a solid, tried to curry favor with him, try to get on the good side of the administration even before the election because he, he toned down and defanged and squashed First Amendment freedom of the press. At the Washington Post after he bought it, he said in the masthead that democracy dies in the dark. And Jeff Bezos turned off the lights.
At the Washington Post all to curry.
Favor with Donald Trump. And it seemed to be working. If you remember, at the inauguration there was that whole, where normally family sits behind a president, Donald Trump had all of his, all of his bro, all of his tech bros and podcast bros sitting around there. You know, you had, you had Zuckerberg, Facebook at Bezos from Amazon and their wives and girlfriends and they had all.
Donated millions of dollars to the inauguration.
Of Donald Trump and to future and to future libraries for Donald Trump and all of that. Now how's that going?
Podcast Host
Not well.
Michael Popak
Let's take a clip, let's look at a clip right now of Carolyn Levette, attacking by name Amazon and suggesting that they are not willing to comment on whether Bezos is still a political supporter of Donald Trump. Let's roll a clip.
Carolyn Levette
So it was reported this morning that Amazon will soon display a little number next to the price of each product that shows how much the Trump tariffs are adding to the cost of each product. So isn't that a perfect, crystal clear demonstration that it's the American consumer and not China who is going to have to pay for these polic.
Press Secretary
I will take this since I just got off the phone with the president about Amazon's announcement. This is a hostile and political act by Amazon. Why didn't Amazon do this when the Biden administration hiked inflation to the highest level in 40 years? And I would also add that it's not a surprise because as Reuters recently wrote, Amazon has partnered with a Chinese propaganda army. So this is another reason why Americans should buy American. It's another reason why we are on shoring critical supply chains here at home to shore up our own critical supply chain and boost our own manufacturing here.
Carolyn Levette
Is Jeff Bezos still a Trump supporter?
Press Secretary
Look, I will not speak to the President's relationships with Jeff Bezos, but I will tell you that this is certainly a hostile and political action by Amazon. And secretary, if you have anything to add.
Michael Popak
All right, now, how did we get here and what does it mean?
You know, that sends a chill down.
The spine of a lot of big business, most of which, let's be frank, supported Donald Trump. But everything that he's done since in.
The lead up to the first hundred.
Days, I'll, I'll go on record.
I'm not the only one.
Worst hundred days in modern presidential history.
Maybe Herbert Hoover was slightly worse on.
The way into the Great Depression, but I don't think so. So big business is watching Trump supposed to be good for business.
So far, no tax cuts and no.
Way to pay for them. He's roiling the markets on a daily.
Basis with his tariff program.
He hit the emergency brake on the tariff program, having cut no deals at all on it and hasn't cut a deal yet. Although we're about 20 days into his pause because the world has already quickly.
Adjusted around his decision.
You know, they've already started to cut out the United States in the global economy. They've made other arrangements, I guess is the way to put it, both in.
Terms of logistics, supply chain, moving things.
On cargo ships and into ports to avoid the tariffs and just getting their.
Podcast Host
Goods from other places when the world inevitably goes Downhill.
Michael Popak
Which, let's be honest, it's not looking great right now.
Podcast Host
You know what's the first thing I'm.
Michael Popak
Going to make sure I have with me?
Podcast Host
Nope, it's not my friends or my family. It's my cat and their favorite cat food, Smalls. This podcast is sponsored by Smalls and if you're a listener of this show, you know that my cat Chanel can't live without smalls. To get 35% off plus an additional 50% off your first order, head to smalls.com and use our promo code LEGAL AF for a limited time only. Smalls cat Food is protein packed recipes made with preservative free ingredients you'd find in your fridge and it's delivered right to your door. That's why cats.com named Smalls their best overall cat food. My cat prefers Smalls way more than.
Michael Popak
Their previous cat food.
Podcast Host
I legitimately did a taste test, put two bowls side by side and Chanel immediately went to Smalls. Since making the switch to Smalls, my cat Chanel has had fewer hairballs, more balanced energy, a healthier weight, a softer and shinier fur coat, and a less stinky litter box. Still not a believer in Smalls? Forbes ranks Smalls the best overall cat food while Buzzfeed said my cats went completely ballistic for this stuff. I use Smalls as a topper to transition Chanel to Smalls and the transition went perfectly. And I can tell you that my cat's breath is much better and her fur is much softer ever since I switched to Smalls. Smalls also has a bunch of amazing treats and snacks you can add to your order. After switching to smalls, 88% of cat owners reported overall health improvements. That's a big deal. Have a particularly picky cat. Smalls has a sampler so your cat can try everything Smalls has to offer. And the team at Smalls is so confident your cat will love their product that you can try it risk free. That means they will refund you if your cat won't eat their food.
Michael Popak
What are you waiting for?
Podcast Host
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Michael Popak
Plus free shipping@smalls.com I mean the Canadians who, you know, Carney. Carney just got elected Prime Minister in Canada because of Donald Trump. Keep picking on Canada, keep calling it your little buddy and your 51st state and you're going to get a strong central banker who gets elected. You think Trudeau was a nightmare for you? Wait till Carney every day goes after Donald Trump. I mean, he just said in his acceptance speech that Donald Trump's trying to break Canada in a way to try to unify Canada. See, that's the great thing about Donald Trump. He is the great unifier. He unifies the world and its economy against America. So he's unifying, but in the wrong direction. Let's go back to Amazon for a minute. Think of how extraordinary this is and what this message is sending to the Home Depots, the Walmarts, the targets and the rest.
All three of CEOs just visited Donald.
Trump recently and told him to take his foot off their neck and get rid of the China tariffs. All three of them. Donald Trump isn't in danger of losing the Walmart voter, which is primarily in.
Red states at the midterms.
He's lost the Walmart voter and now if he thinks he's going to make it any better.
Amazon is a thought leader in the.
Area of retail people. Companies are going to follow Amazon's lead, as they say in retail. As Walmart goes, as Amazon goes, so goes the market. So all the competitors or other industries.
Are going to take Amazon's lead.
They're going to draft behind their, their draft behind them and they're going to list tariffs. I mean, you may even go into a restaurant and see a tariff number on there. Just like during COVID you saw some sort of percentage increase to cover costs or cover credit card costs. When you go to Walmart and you go to Target and you go to Home Depot and you see empty shelves, which you are about to see. This is the ghost of Christmas past or Christmas future that Donald Trump is worried about or should start worrying about. When you see those empty shelves, don't be surprised if in an act of economic survival, not political act, not a political act, these businesses place signs there that say you would have seen a fuller shelf or a full shelf or your item that you're looking for had there not been a tariff program by Donald Trump, some version of that, courtesy of the Trump tariff slump. And that's what Donald Trump's doing. So he thinks the more he viciously bashes business, they will be gun shy about doing battle with the administration.
And Donald Trump's Bully pulpit.
I don't see it that way. I see it this way.
Amazon, who has billions of dollars of.
Contracts with the government, already has done.
A number of things, and none of.
It seems to satisfy Donald Trump. I mean, Melania has this stupid documentary that nobody wants to watch, and Disney or somebody wanted to give her. Disney wanted to give her, like, I don't know, 16 million.
And Amazon came in and overpaid.
That's the bribery Delta for about 40 million.
So they already gave her $40 million.
They overpaid for the inauguration. Right. They've ponied up whatever they need to for the presidential election library, and it's still not enough. Because Donald Trump is insatiable. It's all about me, me, me. And today, today, today, what have you done for me lately? What have you done for me right now? And the rest of the business has got to thinking, how do we survive the next 18 months until the midterms? Because when Donald Trump gets smacked along with the Republican Party, which they are going to do, anybody with an R next to their name, you got to take them out. When they get smacked, he's either going to become more contrite and stop attacking business, or, as is his model, he's going to continue to go after big business the way he's going after our justice system, our rule of law. Law firms and universities think about the things that drive the economy really honestly, in your hometown, in your area, universities, including their medical centers, Right. The big law firms and big accounting firms, right on the service side of the economy and big business. And Donald Trump is busy attacking all of it all at once, everywhere at the same time, and wondering why the.
More he's beating the economy, why morale.
Is so down, why consumer confidence is in the crapper, and why people want.
To see him leave office. And why the polling numbers in three.
Consecutive polls in the last four or five days all show that 60% of America want him to just stop and go away. But this is the reason you can't take on in 100 days all of.
These major support systems for our economy.
And then I left out the fourth one. He killed the federal involvement through funding and through employment in the economy. If you cut the fuel line for federal funding at the same time, you bash universities, law firms, federal workers, and big business, what's left?
Only a madman would do all of this.
So we'll continue to follow the fight that's broken out, the war of hostility, the act of hostilities that have broken out between the Trump administration and Amazon.
And the broader picture of what it means here on the Midas Touch Network.
Follow me, Michael Popak at all things law and politics right here on the Midas Touch Network. Also over on the Midas touch, the Legal AF YouTube channel in collaboration with Midas Touch.
So it's Legal AFMTN. We're trying to get to 600,000 subscribers this week.
You can help us get there.
It's all free.
But it does signal that you want us to continue to grow that channel.
Bring in some amazing new content and the like.
So until my next report, I'm Michael Popak.
In collaboration with the Midas Touch Network, we just launched the Legal AF YouTube channel. Help us build this pro democracy channel where I'll be curating the top stories, the intersection of law and Politics. Go to YouTube now and free. Subscribe at LegalAFMTN. That's @legalafmtn.
Podcast Title: Legal AF by MeidasTouch
Episode: Trump Has Public Freakout as Retailer Calls Him Out
Release Date: April 30, 2025
Summary:
In this provocative episode of Legal AF hosted by the MeidasTouch Network, co-host Michael Popak delves into the escalating conflict between former President Donald Trump and Amazon CEO Jeff Bezos. The discussion unpacks the intricate dynamics between politics and big business, highlighting the repercussions of Trump's administrative policies on one of the world's largest online retailers.
Michael Popak opens the episode by announcing a significant development: "The Trump administration declared war again today. Nope. Not against Venezuela, but against Amazon, the giant online retailer owned by Jeff Bezos." [00:30]
This declaration isn't a literal military action but signifies intensified regulatory and political pressure exerted by the Trump administration on Amazon. Popak underscores the seriousness of this move, framing it as a direct affront to one of America's foremost business giants.
Popak expresses his initial confusion regarding Bezos's stance: "I thought Jeff Bezos was a big supporter of Donald Trump. I thought that Jeff Bezos gave Melania Trump $40 million and overpaid for her documentary in order to curry favor and get Trump off his back." [01:41]
He reveals that despite Bezos's efforts to maintain a favorable relationship with the administration, including substantial financial contributions, Amazon's recent pricing strategies have been perceived as antagonistic. This perceived betrayal has led to the administration branding Amazon's actions as a "hostile political act."
Amazon has initiated a practice of displaying the tariff costs alongside product prices, akin to how sales tax is presented: "AMAZ is going to list on its giant website of goods the tariff cost of the Trump slump... Out the door price is gonna be." [02:20]
Popak criticizes the administration's response, arguing that Amazon's move is a straightforward economic adjustment rather than a political maneuver. He questions the rationale behind labeling such transparency as politically hostile, suggesting it blurs the lines between business decisions and political agendas.
Exploring the depth of the relationship, Popak points out that Amazon has substantial federal contracts: "Bezos himself or Amazon through their computing side... offer those computing services to federal agencies. So they have billions of dollars of federal contracts." [03:56]
Despite these lucrative ties, Amazon's recent actions have strained relations with the Trump administration. Popak highlights the paradox of a corporation deeply embedded in federal operations yet facing political backlash for business practices aimed at transparency and consumer welfare.
Popak discusses the broader economic impact of Trump's policies: "Most of the economy is driven by big business... big business along with the rest of the voters in recent polling, do not like the Trump administration." [02:54]
He argues that inconsistent and aggressive policies, such as unpredictable tariffs, are eroding business confidence and stability. This volatility not only affects corporations like Amazon but also reverberates through the broader economy, unsettling markets and investor confidence.
With midterm elections on the horizon, Popak raises concerns about the political fallout of Trump's antagonistic approach: "If you've lost business as the businessman in chief, Donald Trump, what does that say about your chances at the midterms to hold on to the House and the Senate?" [02:50]
He suggests that Trump's strained relationships with major businesses could undermine his political support, potentially influencing voter sentiment and election outcomes. The erosion of trust between corporations and the administration may translate into decreased voter enthusiasm for Trump's agenda.
The administration's tariff policies are not only affecting domestic businesses but also disrupting global supply chains: "The world has already quickly adjusted around his decision. They've already started to cut out the United States in the global economy." [07:40]
Popak emphasizes that international partners are adapting to bypass Trump's tariffs, which could lead to long-term shifts in global trade dynamics. This adaptability of global markets poses a significant challenge to the administration's economic strategies.
Concluding the episode, Popak reflects on the sustainability of Trump's confrontational approach: "Donald Trump isn't in danger of losing the Walmart voter, which is primarily in red states at the midterms... He's lost the Walmart voter and now if he thinks he's going to make it any better."
He warns that continued antagonism towards major businesses could exacerbate economic instability, lower consumer confidence, and further alienate key voter demographics. Popak calls for vigilance in monitoring the ongoing "war" between the administration and Amazon, highlighting its potential to reshape the political and economic landscape.
Notable Quotes:
Michael Popak: "I thought Jeff Bezos was a big supporter of Donald Trump... nobody gave that memo to Carolyn Levette, the press secretary, because she said it was a hostile political act." [01:41]
Carolyn Levette (Trump Press Secretary): "This is a hostile and political action by Amazon. And secretary, if you have anything to add." [06:34]
Michael Popak: "Only a madman would do all of this." [15:52]
Michael Popak: "Why in God's name would they go after Amazon and call it a hostile political act?" [03:16]
Conclusion:
This episode of Legal AF provides a comprehensive analysis of the friction between Amazon and the Trump administration, revealing how political strategies can profoundly impact business operations and economic policies. Michael Popak effectively articulates the complexities of corporate-government relations and the far-reaching consequences of policy decisions on both the economy and the political arena.
Listeners gain an insightful perspective on the challenges faced by major businesses in navigating political landscapes, the potential risks of aggressive administrative tactics, and the broader implications for democracy and economic stability.