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Michael Popak (1:00)

A game of word association in advance of Liberation Day. I'll say a series of phrases and you tell me who I'm describing. A loose cannon with half baked ideas like a mosquito at a nudist colony. And three, I don't know anybody that's not pissed off at him. No, not Donald Trump, but you're close and it's Howard Lutnick, our Commerce Secretary, who apparently it's now broken out into the open and made its way to the Rupert Murdoch owned New York Post. That the knives are out for Howard Lutnick. If Liberation Day and the tariff war doesn't go as planned on Wednesday may explain why the Trump administration grounded the Errol Lutnick and didn't let him take to the airwaves this past weekend on the morning talk shows related to the Liberation Day. I'm Michael Popak and you're here on on the Midas Touch Network and Legal af. Let's get into it. Howard Lutnick used to be, until his sons recently took over, used to be the head of an entity called Canner Fitzgerald. You might know them because they were devastated during 911 with 658 people having lost their lives. And ever since then, Howard Lutnick has worked to rebuild this company. It's a relatively middling company. It's not one of your powerhouse Wall street firms. And when Howard Lutnick got very, very close to Donald Trump, who's also not a superstar real estate developer, they have a lot in common that way. The two of them got together and said, hey, I wanna be the head of your transition team. So the head of the transition team becomes Howard Lutnick and then he fights to become Treasury Secretary, you know, the person in charge of all of our fiscal policy and has their name on the money. Well, there was a knife fight that broke out even then that we reported on and he lost. And Scott Besant, who was the head of an equity or hedge fund, he became Treasury Secretary. But Howard Lutnick got the consolation prize. You know, it's like kissing your sister at the prom or whatever that phrase is supposed to be. And he got to be the Commerce Secretary, you know, in charge of lots of things like the CHIP act and Commerce and the patented trademark office and other aspects of Donald Trump's plan like the postal service, you know, that thing. And he came up apparently with the bright idea that we should enter into a tariff war sitting around the table, to quote an insider of the Trump administration, giving and feeding Donald Trump half baked ideas and crazy plans, and pushing and pushing and pushing. Now, if you go back in time and you watched Howard Lutnick, you would only know him from CNBC and showing up on Maria Bartiromo and different places, talking about his own company. He's a promoter of the first first order. He would make P.T. barnum blush is what I'm trying to say. So when you have a person that's always promoting and putting all of his thought balloons into action by giving a four minute interview on CNBC and now put him in the Trump administration, what do you think's gonna happen? Insiders are saying that he is on the short list not to be elevated, not to be promoted, but to be shown the door. Especially if, as Wednesday goes as badly as the financial markets and the world economy is, tell Donald Trump it's going to go. Why he needs to announce a, a new Office of External Revenue and to try to replace the trillions of dollars of lost tax dollars with, what do you call it, tariffs and other port fees and the like, I have no idea. First of all, let me explain the whole. To support Social Security, to support Medicare and Medicaid and veterans benefits and student loans and all the things that we rely on relies on for their dignity for their life. It cost about $5 trillion. So if you're the US government, you got to come up with $5 trillion year after year after year with cost of living increases. Where do you get that money from? Sure, you get a little bit from tariffs, you know, but you get Most of it, 80% of it, 90% of it, from income tax, from the rich, from the wealthy, from businesses, from everybody. So you bring in about 5 trillion. You send out about 5 trillion. Now Donald Trump jumping up and down with Elon Musk and the same Howard Lutnick who at one time, I don't know if you remember this, he was the founder, the co founder, along with Ramaswamy and Musk of Doge. Right. Gotta find money, other places because we're gonna get rid of the tax service. And so they came up with a plan to cut trillions of dollars from the federal budget. You're watching it in action now. Fire all of the federal workers. Close all the federal offices that matter to people in people's lives. Get rid of U.S. attorneys in the Department of Justice. Hollow out the FBI. Hollow out the Department of Education. Hollow out everything that matters to America. Hollow out Health and Human Services. You don't need it. An environment that's overrated, we don't need it. Health, we don't need it. Get rid of it. Shrink the government down as small as you can to choke it and drown it in a bathtub. That's the goal. And then all the trillions we save, and we're looking at you, Social Security, Medicare and Medicaid, we're coming for you too. All that money that we save, we won't have to collect it in taxes that doesn't work. And trying to replace the tariffs for income tax revenue is one of those half baked crazy ideas that's being pushed apparently by somebody like Howard Lutnick. Okay, the most you're going to get in a tariff war, and a war is symmetrical, right? They do to you, what you do to them is, I don't know, 500 million, 800 million. I mean, economists differ, but they're all in that range. It's not even a trillion dollars. 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Please support our show and tell them that we sent you. Hair loss is frustrating. You don't have to fight it alone. Thanks to Irestore. So how are you going to cut trillions? How are you going to fill the gap? Where are we going to get the extra $4 trillion from to pay America? Now Donald Trump wants to remove America, the US from the US economy, uncouple it and see what happens. That's another one of those. According to insiders as reported by the New York Post, a Rupert Murdoch paper, you lose Rupert Murdoch own media as an insider of Trump, you're about dead. They didn't even run a nasty story on Mike Waltz, but they did hear on Howard Lutnick and he couldn't be reached for comment. That's no surprise. I'm sure he was a. I am sure. Mark my words. Lutnick was about to get on and had planned to be on. We know this all of the Sunday morning talk shows, all of them. And Major Garrett actually came on the air and said on Sunday we were going to have Howard Lutnick here. But he has declined our invitation. He's always open to come back to the show. Yeah, that's the, I'm sure he wanted to go on those shows. Somebody and if I had a name, name Stephen Miller, who's basically the consulary enforcer for Donald Trump. Bad cop for Donald Trump. I think he grounded Howard Lutnick and said you're not going on those shows, you're not going on those shows. I want to go on those shows. You're not going on those shows. Now the few times they've trotted him out to try to push policy have gone terribly for him. Who can forget the clip of Howard Lutnick bragging about his 94 year old grandmother getting social or mother in law getting Social Security. Let's play that clip. Let's say Social Security didn't send out their checks this month. My mother in law who's 94, she wouldn't call and complain. She just wouldn't. She thinks something got messed up and she'll get it next month. Yeah, a fraudster always makes the loudest noise, screaming, yelling and complaining. To which I ask why is she getting Social Security when her son in law is a multi billionaire. We'll leave that for another day. But just to, you know, in the 70 days of this administration, look what's happened. The transition was chaotic, the confirmation process was chaotic and Matt Gaetz was a disaster. Pick the intelligence transition was a disaster. And who's responsible for that? The head of the transition team, Howard Lutnick. He then fights knife fights with Musk and others, including Bessant, to try to get the job he really wants, the treasury secretary job. And then he comes in number two and then he decides, well I'll make number two the best. You know, he gets his wife, Allison Lutnick on the Kennedy center board, you know, living the life. You know, I'm sure he's got some sort of townhouse now in Georgetown or wherever they're living in D.C. and then on top of that he starts taking to the airwaves and you know, you know how Donald Trump loves when somebody steals his thunder and takes the spotlight away from him. So mark my words, if this, not if, when Liberation day goes awry and we are liberated from our own U.S. economy, our wallets and our purses because of this terrible half baked idea by the guy who's been described by insiders as like a mosquito at a nudist colony and not in a good way or he's described as somebody that they, that he's pissed off everyone that he's come in contact with, which is no surprise if he survives. I. Let's do the deadpool right now. First cabinet member. I thought it was going to be Hegseth. First cabinet member to be nailed and shown the door and have to give a press conference or a speech where he says, I, I need to spend more time with my family. Right. Is going to be Howard Lutnick. Let me just, let me just tell you, the writing is on the wall. When the White House doesn't even trot out. Carolyn Levette sends out the number two. The minor league spokesperson Kush Desai, who says about this reporting. Every member of the Trump administration is aligned on finally leveling the playing field for American industry and workers. I mean, leveling my bank account. Yeah. My stock account. Yeah. I see that President Trump has assembled the best and brightest trade team in modern American history to reignite American greatness. And they are hard at work following the same playbook, President Trump's playbook to deliver for the American people. Doesn't it sound like an 8th grade student council speech for somebody campaigning? And that sounds exactly like what the owner of a major league sports team says right before they fire the coach or the manager. I'm Michael Popak. I'm fired up. You're here on the Midas Touch Network and Legal af. Follow me here. Follow me over on Legal af. Midas Touch Network. Hit the subscribe button there. Hit the subscribe button here on the Midas Touch Network. Help it continue its march to 5 million the drive for five over here on the Midas Touch Network and follow me on Legal layout the podcast Wednesdays and Saturdays at 8pm Eastern time. And then I got a new podcast called Popoc Live. You can see you don't put baby in the corner. I'm unhinged. I'm unfiltered. I'm unscripted. Popoc live, 8:00pm Eastern time right here on the legal a YouTube channel. So until my next reporting, 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 Legal AFMTN. That's @legal AFMTN.