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The David Pakman Show
10/29/25: Layoffs explode as Trump turns on farmers, half the country sues him
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- [00:00]
David Pakman
Mass layoffs are exploding across the country. Amazon, UPS, Intel, Microsoft, Starbucks, Target, more than 10000 jobs wiped out. While Trump wanders around bragging about an economy that very obviously is not working for a lot of people. Corporations are openly saying AI is replacing workers. Profits are stalling. Infrastructure is failing. The this is not massive growth. Now meanwhile, half the country is suing Donald Trump. 23 states taking him to court for letting 42 million Americans lose food assistance during the government shutdown. Even though the USDA has the money to keep those payments going. Trump has the power to fix it instantly. But he won't. And Trump has also fired an entire federal agency in a profanity laced tantrum because they questioned his plan to demolish part of the White House to build his ballroom. We're also going to show you the latest red flag moment in a long list of these red flag health incidents and the bizarre low energy word salad that even Newsmax had to tune away from. Plus, Fox News hits a new record for lies per minute. And on the bonus show, Tucker Carlson is teaming up with Nick Fuentes. The Fed is preparing rate cuts. And Ken Paxton in Texas is suing Tylenol for autism. Where is that lawsuit going to go? Remember to leave a five star rating for the podcast on Spotify and Apple podcasts. There's a campaign to down rate the podcast. Help us fight it. It's free. Leave a five star rating on Spotify and Apple podcasts. All of it and more today on the show. We start with the economy. Major corporations are slashing tens of thousands of positions. Trump promised massive growth much bigger than his hands. And we're seeing something very different unfold. This is not good. Now I'll give you some of the numbers. UPS 48 and that 48000 employees gone. Amazon has just announced 14,000 corporate layoffs could balloon to 30000. According to some reports, Intel's cutting 24,000 jobs. Microsoft has cut 15,000 sales. Salesforce has cut 4000. Target 1800. At the corporate level, Starbucks, nearly 2000 corporate positions have been eliminated. So we are talking here about over 100000 jobs vanishing from major American companies. And these are just the ones we know about. These are the loud ones. These are the ones that have been announced. Now let's pick one of these for a moment. Amazon, their situation reveals a lot of what is really happening here. Amazon HR executive Beth Galetti says they are, quote, reducing bureaucracy and quote, removing layers. Sounds sort of okay, I guess, except what they're really doing is desperately trying to compete in the AI race and the profits just aren't keeping up. And Amazon CEO Andy Jassy told employees a few months ago, we will need fewer people doing some of the jobs that are being done today. That's AI. And he admitted that I was going to reduce their total corporate workforce. By the way, just last week, you might recall, this affected the show, affected our substack. Amazon's cloud service had one of its worst outages in history. It disrupted Venmo and Reddit and Roblox, which is not high on my list, but okay. And they are cutting people while their infrastructure just suffered one of its major outages. So the pattern here is Target has seen sales down or flat for a while. They're hemorrhaging money. Now they're getting rid of people. Starbucks is in crisis mode with a turnaround plan because its sales are plummeting. Intel, Microsoft, and Salesforce, these are tech giants pulling back, all at the exact same time. The promise from the current president was massive growth. Jobs, jobs, jobs, greatest economy ever. There's not going to be anything like it. And instead what we're seeing are major corporations slashing workforces by the tens of thousands, companies admitting we just can't sustain our current employment levels, and it's a contraction of the job market. We are seeing something now we didn't see under Joe Biden. For all of Biden's faults, he did this wrong. He didn't do well enough with this other thing. Fine, many criticisms of the Biden administration, but we had really robust job growth. And we have now seen consecutive months of net job losses. And what makes this even worse, in my view, is that some of the companies are using AI as a sort of excuse. Amazon straight up said AI means we're going to need fewer workers. But what about a plan to retrain those people? What about new industries to absorb these workers? When you start to see major corporations all cutting jobs at the same time, it's a signal to the rest of the market there's a domino effect. Smaller companies will follow suit, hiring freezes will spread, and the job market will seize up. Now, there's a couple important things to mention here. One is why is the stock market still doing so well despite the fact that we are seeing all of these hiring contractions? Two answers to that. One, the stock. Stock market may be increasingly decoupled from the hiring situation, becoming more of a up, up, up. How high will it go? And that would be a concern for an eventual significant correction. The Other explanation would be that, well, there's a delay on that. That there's a delay effect where predicting lower profits, companies are starting to do layoffs, and it's simply not yet reflected in the numbers. We have to wait on that. But the stock market. Listen, I'm not going to lie to you. The performance has been. Has been fine. It's been good. One other element I think is important to mention. For a long time, there was a phenomenon when it came to new technology where a new technology would eliminate some jobs, but it would create entire new ones. You know, the prototypical example is cars came along. Oh, no. The horse buggy drivers will lose their jobs, yes. But the development of cars and the subsequent transportation industry that stemmed from it created way more jobs than the number that was lost. There's a question as to whether that's going to be the case with AI. AI may be a technology that will lead to a net loss of jobs. It won't create more jobs than it destroys. That is a controversial statement. I'm not asserting that I believe that will be the case. There is debate among economists, technologists and futurists as to whether AI will be a net producer or destroyer of jobs. It's not clear right now, and it's conceivable that it will be a net destroyer. Final thing, when politicians argue about who's responsible for what's going on in the jobs market, who, who? Who is it? We have to look at the person that promised massive growth and then employed policies, including blanket tariffs and erratic trade policy. More broadly, we have to look at that individual as at least shouldering some of the blame. And that individual is Donald Trump. So what's the plan? Where are these workers supposed to go? Why is no one seemingly in the Trump administration taking this seriously? We don't have all of the answers to those questions, but there's certainly questions that I hope voters are going to be asking. And when they go to the polls next week and also in November of 2026, hopefully they will be asking those questions seriously and they will be voting on the basis of the answers that they get. A legal bomb just dropped on Donald Trump. 23 states, that is nearly half the country have just filed a massive lawsuit against the Trump administration. The reason he is letting 42 million Americans lose food stamps that they are entitled to. Here's what's happening right now. We are on day, I believe it's 28, of the government shutdown. And on November 1st, that's Saturday, SNAP benefits are set to expire. SNAP is food stamps. 42 million Americans, 1 in 8 people in this country are about to lose a program that helps them access one of the most basic needs there is, food. So 23 state attorneys general and three governors have just said enough. And they are suing the Trump administration because the USDA has the money to keep feeding people. $6 billion are there in contingency funds. This has never happened before. It didn't happen during the shutdown during Donald Trump's first term. It has not happened during any shutdown. Trump is breaking new ground in cruelty here. And this is where it starts to get bonkers. The USDA published a plan back at the end of September acknowledging Congress's intent to keep SNAP benefits running through the shutdown. And then there were weeks of silence. And then the announcement came. No, SNAP is getting suspended indefinitely. And their excuse is that they might need that 6 billion for a hurricane, a tornado, or another natural disaster. So 42 million Americans are facing hunger. But that's not enough of an emergency to use the 6 billion or part of it. But a hypothetical natural disaster which might happen becomes the reason not to spend that money on making sure people have enough to eat. And maybe the most insulting part of this entire thing. The Department of Agriculture's website has this big message, as do many departments right now, blaming Democrats, saying the well has run dry and it is the fault of the Democratic Party. The truth is Republicans control everything, White House, House, and Senate. And the well hasn't run dry. There are $6 billion sitting there, but Trump won't use it to feed people. Now, the lawsuit says that the USDA has a legal responsibility to use that money, that these are not optional benefits. These are mandatory. This is a program that keeps Americans alive. The money exists. The mandate from Congress exists. There's no legal reason, there's no substantive reason to hold back the money. But the USDA is refusing and blaming Democrats on their website. Now, here's something fascinating. If you look at which states are suing here, some of these are traditionally red states. Pennsylvania, a swing state which voted for Trump in 2024, is right there in the lawsuit. Now, of course, Pennsylvania's governor is Josh Shapiro, a Democrat. But what this proves is that once again, Republicans hurt their own constituency over and over again, and then these folks will keep voting for them. And blaming Democrats and crazy doesn't even start to describe it. Trump voters in red states are also going to lose food assistance because of Trump's policies. And. And they still blame Biden or Democrats or even in some Cases, Barack Obama. Now, meanwhile, what's Trump been up to? He's been in Asia trying to kiss up to whoever he can kiss up to, being led around completely disoriented. We'll get to that later. Building a $300 million ballroom at the White House after demolishing parts of the East Wing. And then now, all of a sudden, Republicans have a new report about, not hunger, about Biden's use of the auto pen on day 20, whatever of the government shutdown. So this is tragically, there's a huge human cost, 42 million people, that includes families, kids, elderly people, veterans, working people. Their Benefits disappear on November 1st. This is not a funding problem, it's simply a choice. Now, if Trump wants to be seen as a hero, and we know he does, Trump's concerned with do people like me, legacy, etc. He could solve this right now. He could come out and in a profile of courage, he could say, I am directing the USDA to fund food stamps in November with the $6 billion like they are supposed to under my presidency, no one will go hungry. And he could do that. Right? One signature, one directive, problem solved. But he's not going to do it because it's not about solving problems. He wants to punish people and blame his enemies and try to use it for his political advantage. Will he be able to get away with it? Well, that's the question. That's the question. Blame in American politics is a fickle thing and it often goes to the wrong people. And we've got 42 million Americans who need food and they are hoarding the $6 billion, blaming Democrats and spending uncontrollably on Donald Trump's vanity projects. So let me know what you think. Leave your thoughts in the comments. Send me an email info@david pakman.com Trump and this administration are counting on you not paying attention to the fact that he's choosing a luxury ballroom over feeding Americans. And I know it's not literally the same money. He says it's donors for the ballroom. But the point is, if we stand back, government shut down, ballroom being built. Trump traveling to Asia now. He's on his way back. And 42 million aren't going to get what is on average just a couple hundred bucks in food assistance. Disgusting, immoral and optional. Donald Trump has already packed his second term cabinet with loyalists. He's threatened deportation as political punishment. He's expanded executive authority in ways we have not seen in modern history. These are real changes that are happening right now. And what's even more alarming is that a lot of the media is either glossing over the worst of it or they're reframing it so it all sounds a little more palatable. And that is why I use Ground News. This is a news comparison tool, doesn't just feed you headlines, it shows you here's how different outlets, left, right, center are covering the same story. And this is one of the few tools I know of that can really help you detect the political spin, the bias catch stories that your usual sources might downplay or not cover it all on everything from immigration policy to economic shifts. And if you want to get a bigger picture, a broader picture of what's being reported, Ground News is an invaluable source to keep you informed. And Ground News is offering my audience 40% off their top tier vantage plan. You'll only pay five bucks a month. Go to Ground News, slash Pacman or enter the code PACMAN in the app to get started. The link is in the description. The David Pakman show is an audience supported program primarily through the membership program. I want to say a huge thanks thank you to our two newest members, Mark Tamari and Diana Talbot. Thank you for signing up@join packman.com Membership comes with great benefits plus the the knowledge that you are doing something to fight the legacy and corporate media overlords. It's just a few bucks a month. You can go to join pacman.com we have a coupon code. I believe that the regular prices are eminently reasonable, but you can also save about 50% by using the coupon code. It will end soon@join pacman.com you can also support by becoming a Substack Premium Subscriber@substack.david pakman.com Donald Trump has just fired an entire federal agency after losing his mind in an F word rant. Why did he do it? Because they were supposed to review his tacky, gaudy, classless White House makeover, which of course is a destruction project as much as it is a construction project. We've got the leaked details of this profanity laced meltdown that started the entire thing. What reportedly happened behind closed doors and we're going to hear from journalist Michael Wolf here in a moment. Trump sitting in a meeting about his massive ballroom project and engineers explained to him, you know, after all that stuff we said about it's not going to really disturb the existing structure. It's going to take a lot longer. The quickest way to get this done is tear down the East Wing. Trump's concern wasn't history. It wasn't doing it in an appropriate manner for the historical nature of the building. It wasn't preserving the people's House. It was hiding the demolition at night. And that is reportedly reportedly what got Donald Trump so fat fired up that he started with the expletives. Take a listen to this. Are you hearing? What do you hear?
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Michael Wolff
I did, I did hear something and I was recount someone who was privy to the room in which, you know, so, so, so he, he has this idea, he's going to do this ballroom. It's going to be quite called by the way. And I don't know if this is, that this is official, but certainly within the White House, this has been official that this will be called the Trump Ballroom.
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David Pakman
But of course, and of course it outweighs the size of everything else. It out muscles everything else.
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Michael Wolff
Yeah, no, I mean it's a kind of backdoor to how you call it the Trump White House, which might be a bridge too far, but the Trump Ballroom is going to be very much a real thing. So anyway, and of course that he got into this by saying the White House itself would not be, would not be touched. It's just going to be an add on. And then of course, the White House was really touched with the wrecking ball. And so when they came to him, the building, the contracting team, the engineering team, they, they came, they had a meeting and they said, you know, listen, it really would be much cheaper and faster just to tear down the East Wing. And he said, this was given to me as a quote. He said, fuck, but can we do the demolition at night?
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David Pakman
Wow. So, you know, the idea would be Washington would wake up and the East Wing would have evaporated.
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Michael Wolff
Yeah, I mean, I mean, and the thing, I mean, that's a, that's a real estate developer trick. Once what you tear down, you cannot build back. So it's a fade accompli.
- [19:53]
David Pakman
Right. Once it's demolished, it's what a world. What a world in which we find ourselves. The President of the United States wanted the country to wake up to a Washington D.C. with the East Wing just gone evaporated. Now the demolition, I mean, the demolition took too long for it to just happen in one overnight. But Trump still tried to hide it from the American people. The wrecking balls started swinging on a Monday. But the White House press secretary didn't confirm that this was even going on until three days later. The building was already reduced to rubble and twisted metal by that point in time. They tried to ban federal employees from Sharing photos, saying that there were security risks. They put up a large fen around the entire site. And they're reportedly trucking debris to a public golf course in D.C. to create mounds, to sort of just get rid of the rubble, get rid of the waste. And where it gets really wild is that Trump terminated all members of the Commission of Fine Arts. Every single one of them has been fired. What is the Commission of Fine Arts? It's an independent federal agency that reviews monuments, government buildings and construction projects. Rather than, let's have them tell us whether this is ok, let's just fire them. And workers there reportedly got emails saying, your position is terminated, effective immediately. Now, you might ask, doesn't someone have to review his projects? Trump thought of that. He is appointed, very quietly, his former personal lawyer to lead the National Campaign Planning Commission. That guy already said the commission doesn't need to review any demolition projects, so they're good. And he's also stacked the 12 member board with his cabinet secretaries and Republican allies like James Comer and others now on the payment for the ballroom. This has been an ongoing issue. It was going to be 2000-002000-00200 million, then 250 million, then 300 million. But Trump says it's paid for by me and some friends. Donations, just donations out of the goodness of people's hearts. The friends include Google, Amazon, Microsoft and Palantir, tech giants who, of course have no interest in currying favor with the president. Right. These are legalized bribes. This is how Donald Trump is allowing others to curry favor with him. And according to Wolf, like he said there, the White House is already referring to this as the Trump Ballroom. And the thing that should terrify Trump about all of us, listen, there's not going to be legal repercussions for that. Ship has sailed. I'm sorry, I'm not going to gaslight you. But what should terrify Trump is that Americans don't like this. There's a new poll that shows that 61%, more than six out of ten, almost two thirds of Americans disapprove of the ballroom plan. Only 25% support it. You don't get to those numbers unless a bunch of Republicans are also unhappy. For the east wing Demolition. Specifically, 57% are against, 26% in favor. So this is really not just a ballroom. This is what does Trump do when people question him. Trump doesn't care about people's jobs if they get in the way. And it is about Trump's newest and latest obsession, which is legacy. Trump tried when he came into office the first time to undo as much of what Barack Obama did as possible. Some of it he was able to do, some of it he was not. He wasn't able to get rid of Obamacare, but he got rid of the individual mandate, which makes funding for Obamacare a problem. Ok. He then left office. Biden came in, Trump comes in. He again tries to undo as much as possible of what Joe Biden did, some via executive order, some he's trying to do legislatively, although not having a whole bunch of success.
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Michael Wolff
Success.
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David Pakman
But Trump is now almost 80. He's elderly. This is his last term. He acknowledged that, by the way. We'll play that clip later. And he is trying to see what he can do that isn't easily reversible. And as Michael Wolff pointed out, one thing real estate people know is once you do the demolition, you're not going to undo it. They're going to have to build something new. And it makes it easier for. For it to be the thing you want it to build the way you want it to build it. And that's how and why Donald Trump is doing it this way. So he said he would drain the swamp. He's destroying the People's House to build a monument to the swamp in the sense that if we believe that it's funded by donations, it's being funded overwhelmingly by donations from companies that have an interest in placating Donald Trump and ingratiating themselves with them. Swamp filling and disgusting. Is he going to get away with it? I dare say he does seem that he is going to get away with this one. Donald Trump appeared completely lost, wandering off while arriving at a meeting with the Japanese prime Minister during his Asia trip. This is why he regularly is getting the cognitive tests. Donald Trump completely lost his bearings during a meeting in Japan. He had to be physically guided back by staff after just seeming disoriented and confused. It wasn't a verbal slip, it wasn't a stumble. He just seemed not to know where he's supposed to be. Now, I'm going to play the video for you and what I want you to ask yourself is why in less than one year, Donald Trump has had multiple physical exams taken, at least one cognitive test that we know of, but. But maybe more. Hiding large bruises on his hands, had an MRI for something they won't tell us, exhibited asymmetrical facial drooping. Drooping. Has ankles swollen to the size of stovepipes, and is walking around aimless like a lost blind dog. Here's the video Trump sees. Seems completely Unaware of what's going on. Completely unaware. Now, let's remember what happened when Joe Biden had any moment of apparent confusion or disorientation. Remember when Biden paused during a speech or when he briefly walked the wrong direction, or he turned to some people who were behind him, but those people were not visible on camera and it was said that Biden was. Was waving to no one. Right wing media went into overdrive. Fox News dedicated entire segments to Biden's cognitive decline. Conservative commentators demanded that he takes endless cognitive tests. Headlines, inability to lead. He can't do it. Social media exploding with deceptively edited clips and speculation. Calls for removal via the 25th Amendment trending for days. Every single incident was analyzed frame by frame like the Zapruder film, and discussed by panels of supposed medical experts who had never examined him. And it turned into proof that Biden doesn't know what's going on. And in less than a year, back in office, Trump's got multiple physical exams. Why? We don't know. We're told it's the president. He's, I guess, taken from how often he says he's doing it. I guess he's taken multiple cognitive tests. Why? Why is he being cognitively tested so often? With, by the way, not an IQ test, not a competency test, but simply a brain injury or dementia screening test. He's photographed with large, mysterious bruises on his hands. They don't explain it. Then they say it's from handshaking. But Trump shakes hands with his right hand. Why is the left hand bruised? We don't know. Had an mri, even though that wasn't initially disclosed. And when we ask why they haven't said, had that scary incident where, when sitting next to Melania, had asymmetrical facial drooping, he's often seen with his eyes completely swollen, often sometimes almost completely swollen shut. And then we've got the severe swollen ankles, which have been written off as just a benign symptom of chronic venous insufficiency. And now he's wandering around aimlessly. When Biden stumbled up the stairs of Air Force One, Fox News replayed it for months. They brought in physical therapists and neurologists and people talking about Biden's gate. Trump wanders off during a meeting, looking lost and confused in the broader context. I just presented to you, and it is crickets. And the same people who demand that Biden take cognitive tests are now silent while Trump is actually taking them for reasons we don't even really understand. This is not about attacking Trump's. Health. Trump's an elderly, obese guy, okay? It's the breadth of breathtaking hypocrisy of media coverage, because if these standards were applied consistently, Trump's wandering incident alone should dominate the news cycle for at least a couple of days. The multiple medical red flags are only more that should put this on the front page of the news. And every single right wing pundit who demanded Biden prove cognitive fitness should be demanding the same from Trump and should be extraordinarily confused. So my question to you and if you believe that the coverage of this is worthwhile, make sure you like this video and share it. And if you're so kind as to subscribe to the YouTube channel, even better. Is this not being covered by the right because they know they have to cover it up? Or is this not being covered by the right because they've convinced themselves that Trump is fine? Let me know in the comments. Let me know in an email if you are shopping for a new mattress, I would recommend you start by looking at Helix Sleep, the mattress I've been sleeping on for years. The only one that I recommend because they custom tailor it to your needs. I took their sleep quiz. It took a minute or two. I said, oh, you know, I like to sleep on my stomach. I tend to feel hotter in the middle of the night rather than colder. I like medium firm and Helix just nailed it. Matched me with the perfect mattress. Most people don't even know where to start when you're looking for a mattress and Helix just makes it easy. There is really no substitute for the mattress that's right for you. Your body will thank you. Delivery was fast, setup was easy. You do get 100 nights to try it out. They'll even take away your old mattress. Helix is giving my audience 25% off site wide. Go to helix sleep.com/pacman the link is in the description. Donald Trump appeared completely out of energy, at some points visibly and audibly struggling to talk during this recent Asia trip. He seems to have put the nail in the coffin on this could you run for a third term? Sort of thing. But the broader question is, does this sound like a president whose brain is working? Here is Donald Trump with another impenetrable word salad about being welcomed and what this means for the United States. This was in South Korea, Donald Trump's last stop before coming back to the United States. I don't know what he's talking about here. I just don't know what he's trying to say.
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Donald Trump
In the meantime, what you've done is amazing. What you've. First of all, the welcome and the beautiful honor you bestowed on me, that's the only American president. President that's, that's really a great tribute to our country. Not to me. It's a great tribute to our country. But I had it focused toward you as opposed to against you, which some people did.
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David Pakman
Right? I had it focused towards you as opposed to against you, which some people did. Sir.
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Donald Trump
You've done and what you've created, what you've done in really a very short period of time, relatively speaking, is, is amazing. It's really amazing. And you're working with us now.
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David Pakman
And these are events that must really push the Korean interpreters doing live interpretation of what Trump is saying to the absolute limit of their skill set. Absolute limit. Trump glitched again during a speech in Korea, South Korea on Azerbaijan. Remember Trump previously calling it Aberration Bajan and now apparently knowing that that's a tough one for him, he tries to tee it up more carefully and it is another swing and a miss. Iser Bajan is there by John Iser.
- [32:59]
Donald Trump
Iser Bajan. If you look at, if you look.
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David Pakman
At Trump seem to be buffering in real time there. I'm trying to do the Tucker left. Something, something's wrong with this guy, folks. Something is not. We need to check the timing belt here is what I would say now. Donald Trump also made a confusing statement about jobs created in the United States under his watch. And the jobs record is so poor that if I were Trump, I wouldn't even be bringing this up four years ago.
- [33:35]
Donald Trump
I mean, if you look 100% of all new jobs created in America under my administration have been created by the private sector. Think of that. The government created no new jobs. The private sector created the record number of jobs that we're talking about. That's a country that's really a success. It's easy to create government jobs. I could say add a lot of people to your payrolls. I can fake up the numbers if I want, but that's the way. That's not the way you build a great country. You don't do that here. And that's not the way. But it's a good way to show good numbers. I'll tell you.
- [34:09]
David Pakman
Trump is trying to brag about a jobs record that is nothing to write home about. Trump's created 50000 jobs since taking office for the second term. That's like 60,000 jobs a month and just over just 100000 total over the last four months. Any non whacked out person would not be bragging about this record. And it is not the flex that he thinks he is, that he thinks it is, that all of the jobs are in the private sector. That's an indirect way of bragging about how he has laid off and fired so many people from government jobs and government contractor jobs. Those are real jobs. Pretending that those aren't jobs that stimulate the economy in the same way that a private sector job does. It's laughable. It's nonsense. And with that, Donald Trump lumbered back to his plane. Another embarrassing international trip completed. And a reporter asked him about the AI bubble. If you want to be the jobs president, you've got to be able to talk about AI. And Trump just goes, what's the problem.
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Reporter/Interviewer
With AI sir, can I ask you, what's the AI from?
- [35:24]
David Pakman
That's what someone would say that some investments.
- [35:28]
Reporter/Interviewer
Everybody wants AI because it's, it's the new Internet, it's the new everything.
- [35:34]
David Pakman
By the way, we have not modified the color of Trump's face in this video. I just, I don't, I know there will be allegations. We have not touched it or doctored it up in any way.
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Reporter/Interviewer
One of the biggest things anyone's ever seen. So everyone wants it. Yeah. I mean, the only problem is if you don't get it, in order to get it, you have to be able to produce tremendous amounts of electricity. And we're allowing them to produce and make their own electricity. This way they don't have to rely on government.
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David Pakman
It's very obvious from this answer that Donald Trump doesn't know what AI is.
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Reporter/Interviewer
And by the way, they're making electric plants that are so sophisticated and so incredible, so much beyond that, companies that make energy, service electricity, you know, the different companies that do that and do it well, but they've never seen anything like what's happening. It's almost a revolution in the making of electricity.
- [36:26]
David Pakman
I don't think he understands the question. I don't think he knows what AI is. I just don't think any of this, you know, when, when your knowledge of the inside of books stopped at coloring books, it's going to be tough for you to answer some of these questions so substantively. Now, the topic of food stamps came up. We talked about food stamps at the top of the show November 1st. If nothing changes, 42 million Americans are not going to get the food stamps that they are entitled to. Trump says Democrats caused that problem and quickly moves on to trying to talk about other Things and struggling to do.
- [37:00]
Reporter/Interviewer
So stop being sent out. On Saturday, the Department of Agriculture says they cannot have the contingency plan funding to fund that is your administration. Food stamps that benefits is your administration. Well, we're going to get it done. The Democrats have caused the problem on food stamps. Of course, all they have to do is sign. And, you know, if they sign, I'll meet with them. They're all saying, well, they actually said Trump is doing an amazing job in this trip.
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Donald Trump
This trip.
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David Pakman
Yeah. They didn't say that. You know, the funny thing is, of course, it's not true that food stamps, food stamp benefits not going out is because of Democrats. We all know that that's not true. But even if that were true, or even if Trump really believed that and he wanted to fix food stamps, he could just do it. I told you earlier in the show, the USDA, which administers food stamps, has $6 billion in reserve. That would be good for about three weeks of food stamps. Hopefully the shutdown won't last beyond Thanksgiving. And then regular order for the food stamp funding would be back. Trump could just be the hero. He could go, listen, it's the fault of Democrats, but we've got 6 billion earmarked. USDA has it. We're going to do food stamps. I'm coming to everybody's rescue. But he's not going to do it. He would rather punish people and try to blame Democrats. And the reason that they're giving, as I told you earlier, is, well, we might need the food stamp money for a natural disaster. And as of this moment, it is not believed that there is any upcoming at this point in time. Time. So on every issue, Trump just dissembling Obamacare came up. Trump again going, Democrats, Obamacare, it never worked.
- [38:41]
Reporter/Interviewer
In this trip. This trip, we're bringing back trillions of dollars. So they do want to meet with me when I get back, but I say get the economy open and we'll meet. I'll be solving difficulties. We have to fix health care because Obamacare is a disaster. When you see the increases in Obamacare, it never worked. It never will work. And we can do something with the Democrats much better than Obamacare. Less money and better health care. And that's something I think that could come out of this with the Democrats. You work with the Democrats because right now the insurance companies are making too much money and they're making a fortune and the health care Obamacare is, is poor.
- [39:27]
David Pakman
And, you know, if Trump's real concern all along was that the insurance companies are making Too much money. Why is it that every single plan that he has put together, which isn't much and most of them were terrible, wouldn't have addressed that issue? Finally, and notably, Donald Trump appears to put the final nail in the coffin of this idea of him running for a third term. He says it's clear I'm not allowed to run, period. Will this put an end to this insanity?
- [39:59]
Reporter/Interviewer
Sir, Speaker Johnson says that he told you that there's no time to amend the Constitution to allow you to serve a third term. Is that an accurate representation of the conversation? I don't want to even talk about that because, you know, the sad thing is I have my highest numbers that I ever had. As I said, I ended eight wars. And we have the greatest economy in history. And by the way, energy prices are way down. Everything's way down. Beef is a little bit high. We're going to get beef down, too, but prices are down and the economy is up. The only thing that's not down is the stock prices. And 401ks are through the roof. Everyone's 401 case hitting records. So we have the greatest economy we've ever had. I have my highest poll numbers that I've ever had. And, you know, based on what I read, I guess I'm not allowed to run. So we'll see what happens. I don't think he said that. I don't think he used that term. But it's a very interesting thing. I have the best numbers for any president.
- [41:04]
David Pakman
So listen, is this it? He's acknowledging? If you read it, it's clear I'm not allowed to run. And Mike Johnson said, we're not going to be able to change the Constitution in time for Trump to be able to run. In your mind, does this put an end to the Trump third term stuff or not? Donald Trump delivered a speech in Tokyo so incoherent that even Newsmax had to cut away. No one has any idea what he's talking about. This does not strike me as a person who is perfect cognitively. This was a rambling word salad. At the second to last stop of Donald Trump's humiliating and pathetic Asia tour, it was tough to watch even Die Hard pro Trump Newsmax was like, we got to get out of here.
- [41:52]
Donald Trump
Some of the yards, we have some great yards. You know, the United States was number one during World War II, number one in the world. And ship building by far. We would produce a ship a day. Can you believe it? A ship a day. You know, freighters and this and that. But Some big ones do, some great warships. And we just let that. Our leadership, the person standing right where I am numerous years ago, a number of them, they just let it.
- [42:16]
David Pakman
Good morning. You have been watching President Trump address business leaders there in Tokyo, Japan, live. It's just past 8pm there. This is as he wraps up the Japanese leg of his East Asia trip. His next up is South Korea. True embarrassment. Even Newsmax having to cut away. And a few other moments from this speech that were more embarrassing substantively. Trump showing up and once again saying, you've got a great partner here in the United States. And by the way, there are systems where approvals happen quickly. Like, for example, in China, which is just more of Trump's complete and total obsession.
- [42:55]
Donald Trump
And honestly, if you had another like Kamala, I don't know where the hell she came from, but if you had Kamala, I was right. Against Biden, I went up by 29 points. All of a sudden, they take him out. It's like a fighter, he's losing the fight. They replace him in the middle of the fight. They gave me a new one. They gave me Kamala. I went from Joe to Kamala. But if she got in, I don't think there'd be nobody in this room. You wouldn't be doing.
- [43:18]
David Pakman
Yeah. Had Harris won. No, no diplomatic meetings would be taking place.
- [43:22]
Donald Trump
Anything. You'd be elsewhere doing things and wouldn't be the same. But you have a. You have a great partner now in the United States getting you started. And you will. You will have everything done very, very quickly. Record time, as fast as. I think, much faster than maybe any other country other than China. Because in China, you have a good system. Also, you have a system where President Xi can approve it immediately.
- [43:46]
David Pakman
Wait a second. It's a good system where rather than democracy, you have an unquestionable authoritarian leader who can approve it immediately, who can get a 100% conviction rate on drug dealers very quickly. As Trump talks about, yes, it's faster. George W. Bush sort of joked it'd be easier if it were a dictatorship. But that's not democracy. And this is the real Trump. The real Trump slips out in these moments. He would love it if he could just decide, like Putin does, like she does, like Orban does, like Kim Jong Un does. This is why we are increasingly alienated from Canada and from the UK and from Germany and from France and in some sense, from Japan, because we are talking about a guy that doesn't really love democracy. Finally, Trump announcing what is effectively an indefinite vacation for Congress Seeming to say, listen, we got the big beautiful bill done. We don't really need Congress to do anything, anything else. To which I say, let's make that a reality. Let's take the House back next November so that Trump can't get anything else.
- [44:58]
Donald Trump
Done for your workers. And it really covers everything. The great big beautiful bill. We got everything done. I said, let's get it all done. A lot of people want to do it. Little small pieces, like nine of them, 12 of them. I said put it all into one bill and if we get it done, we're done for four years. We don't need anything more from Congress in terms of that, right, Scott? We got it all done. It was a little risky, but because if we didn't get it done, I don't know, who knows what would happen with these radical left lunatics that we have to deal with.
- [45:28]
David Pakman
And there you go. This is the framing, this is a. This is a cognitive reframing that Trump is doing. He's not so sophisticated. He's just a con man. But cognitive reframing comes naturally to con men and grifters interest, interestingly enough. And what he's doing is he's prepping you. All of the ideas they have left are not good ideas. They'd be bad for the American people. Therefore, it's possible that they won't pass. And if they lose the House in November of 2026, then Democrats will just put a stop to everything Trump wants to do. So he's reframing no more accomplishments for the remainder of his term as an OK thing, because the one big beautiful bill was so awesome. Such a major accomplishment. What more could you ask for? I hope people don't fall for it. I am worried that they will. A lot of people think identity theft is something that only happens when someone hacks into your account. But the truth is that it usually starts with your personal information being posted online by data brokers where anybody can find it. Our sponsor, Incogni, is a service that helps protect your privacy by forcing the data brokers to delete your information. This includes your name, address, phone number, even sensitive things like property records or your political affiliation. And now, with their custom removals feature included in the unlimited plan, you're not limited to just the list of 250 plus brokers they work with by default. If you find any site exposing any of your private information, even one they've never seen before, you can send a link and Incogni's team will work to get that removed. This is serious protection. For you and your family, against identity theft, against fraud, doxing harassment. And Incogni's data removal process is the only one independently verified by Deloitte. Get 60% off an annual plan when you visit incogni.com/pacman and use the code PACMAN. The link is in the description Is Donald Trump and the administration starting to turn on farmers and ranchers? MAGA increasingly wants you to believe that what's happening to the farmers and the ranchers is their fault. I don't think going after the farmers and ranchers is going to go very well for Donald Trump. I've got a couple of examples of how they're starting to subtly and not so subtly sort of turn the story into, well, listen, it's not like the farmers and ranchers are running everything perfectly anyway. So we start with an interview on Fox Business with Republican Congresswoman Beth Van Doyn where she has some statements about, listen, there is frustration. We need balance. Balance. What's she talking about? Well, the hint is maybe we've got to look at what the farmers and ranchers have been doing as well. Take a listen to this. You do. She does it subtly enough that you've got to listen carefully to understand the gist.
- [48:29]
Maria Bartiromo
President Trump seeing a backlash from some farmers, meanwhile, over his plans to increase Argentinian beef imports to offset high prices at home. Councilman, you raised concerns about this plan at a congressional dinner series with both the US Ambassador to Argentina and the Argentine ambassador. Ambassador to the US Tell us the issue here.
- [48:49]
Republican Congressman
So I think Trump is trying to do what he can. He recognizes that the American people love to eat, you know, free American beef, but that beef is expensive and it's only been growing in price. So I think what he's trying to do is strike a balance. He wants to make sure that we can get beef for affordable cost, and he's looking at ways to be able to do that. Right now, we take an amazing amount of Brazilian beef in. They are about talking, talking about increasing the amount of Argentinian beef. But at the same token, he's also doing what he can to lower the costs here, whether or not that's helping our cattle raisers with decreased costs in fertilizer by doing amazing trade deals, by allowing grazing on federal land and federal properties. And now they're also talking about introducing a way to be able to package grown in the U.S. beef Lake labels to make sure that our beautiful homegrown US Beef gets the attention and gets the, the, the interest that it deserves. So I think he's trying to strike a balance, recognizing that costs and inflation is important, but also looking at ways of being able to decrease those costs.
- [49:53]
David Pakman
Here, here, you know, decreasing costs is great. We have an issue with costs, right? I mean, this is. He campaigned on, we're going to lower grocery prices. He hasn't done it. The cost of that has gone up. But this is like Groundhog's Day with regard to the farmers and ranchers. Trump screwed the farmers and ranchers during his first term and had to bail them out. And then I saw one report that's 90%. I don't know that it's literally 90%, but a lot of the farmers and ranchers voted for Trump in 2024, and he's doing it again. And now they seem to be subtly shifting to, we need balance. We've got to do, do what's good for everybody. And cattle is the number one product in Beth Van Doyn's home state of Texas. It doesn't strike me as the right approach politically to start saying, well, you know, the farmers and the ranchers. And it also doesn't strike me as the right thing to do from the standpoint of supporting American business, which they claim to do. We then heard from Brooke Rollins. Brooke Rollins is the Agriculture Secretary, and she suggested maybe the ranchers aren't so incident. And the phrase she used is, there's frustration on both sides. Take a listen to this.
- [51:02]
Brooke Rollins
The proposal that the President has been talking about to bring in some 80,000 metric tons of beef from Argentina to try to get prices down. There's obviously a shrunken cattle supply here, which is the reason why prices here are going up. But a lot of these ranchers are feeling betrayed. Destiny Weeks, an Oklahoma rancher, said this. It feels like a slap in the face to rural America. It makes you feel invisible and overlooked. And Justin Tapper is the president of the U.S. cattlemen's association, said a deal of this magnitude with Argentina would undercut the very foundation of our cattle industry. What do you say to cattle producers in this country?
- [51:39]
Agriculture Official
Yeah, there's a lot of frustration on both sides. This president has made it very, very clear that his promise to bring the cost of living, cost of goods down, beef continues to go up. But then you marry that with the. You said it, John. We've got the lowest herd in 75 years. And there's a lot of reasons for that. Drought, the screw room at the border, we've had to close the ports, etc. But listen, those goals are not mutually exclusive. And just last week we released a 19 point plan on how we rebuild the herd and what needs to happen to do that. The Argentina comment. Right now we import about we can consume 12 million metric tons of beef every single year in America. Two million of that 12 million we have long imported. So the idea of importing a little bit more Argentinian beef from about 20,000 metric tons to 40,000 or maybe 60,000 out of the total 12 million will not do anything to compromise our ability to rebuild that cattle herd. For anyone to say, and again, knowing the frustration that's there. But there has been no one who has been more resolute, who has been more passionate about supporting rural yeah, yeah.
- [52:47]
David Pakman
Yeah, Trump's been the best. Now, here's the problem with all of this. She is suggesting that the importing of Argentinian beef is going to help with the price issue. It doesn't really seem that that's the case because the importing of Argentinian beef, if anything, is just going to create competition with American ranchers. But there is not really reason to believe, especially if it's the degree to which Brooke Rollins says it is some relatively small, small percentage, that it's actually going to change the pricing issue. And in fact, it's going to undercut farmers and ranchers and probably hurt them in terms of their ability to even keep their businesses going. So there's two sides to this. One is the slow introduction of, listen, we got to, there's frustration on all sides. The farmers and ranchers aren't just innocent victims needing to be saved. We've got to do what's good for the American people. Well, if Trump had been upfront when he promised to lower grocery prices by saying, I've got a way to lower grocery prices and it's going to be to hurt American farmers and ranchers, I don't know how many would have gone for it. It just so happens that he's hurting farmers and ranchers without even pushing prices down. But there's a second sort of aspect to this, and the second aspect to it is that the inability to predict where things are going to be in a week or in two weeks or in a month or a few months is terrible for all businesses. And farmers and ranchers are part of that. A couple of examples as to the level of uncertainty. If you look on Kalshi, it's like betting markets for just about anything. On the question of will the Supreme Court rule in favor of Trump's tariffs? 40% believe the Supreme Court will rule in favor of the tariffs, meaning roughly 60% believe that they will not. It's close to 5050 people. Even in the betting markets. People have no idea. Are these tariffs legal or aren't they? Are they staying or are they going? Another example from Kalshia. Again, this is another betting market. What will the US tariff rate on China be on January 1st of 2026? 24% believe it'll be between 20 and 30%, 38% it'll be between 30 and 40%. 19% believe it's going to be above 60%. And then you've got a bunch of other numbers kind of filling in in between. People have no idea what is going to happen. And no idea what's going to happen is bad for business. It's bad for economies. The uncertainty is a major problem. Wouldn't shock me if it goes from we're going to do right by the farmers and ranchers to the farmers and ranchers are the problem. And they're why I have no choice but to patriotically go to other countries. Fox News host Maria Bartiromo must think that her audience is stupid as she sets a new record for lies per second and continues her endless attempts to suck up to Donald Trump. Try to count the number of lies here as Maria Bartiromo interviews James Colmer. It's hard to even keep up with it, but I'm going to count. Okay. And then I'll tell you what they are and why they are lies.
- [56:06]
Maria Bartiromo
We don't know what went on with the January 6th investigation. You're saying now that pardon is null and void or should be null and void. You also had massive policies that affected the American people. All that spending, $7 trillion in spending leading to 40 year high inflation, boys in girls, sports, a wide open border.
- [56:27]
David Pakman
Some of these you having trouble keeping track of the lies.
- [56:30]
Maria Bartiromo
Yet things will be hard to undo because it's already documented that we've had 10 to 20 million people come in unvetted in this country country and they've committed serious crimes. But you're saying going forward you will push for those documents and pardons to be null and void.
- [56:48]
Legal Expert
Absolutely. And the evidence that we've accumulated, and this is hours and hours and hours of deposition, hundreds and hundreds of pages of documents pertain pertaining to emails and notes and things like that. I believe that's enough evidence to hold up court, whether it be the Supreme Court or any court in the land. The evidence is there that there was a cover up and that there was unauthorized use of the auto pin. That is a huge scandal. I would argue the biggest scandal in American history. And now the damage, some of the damage with respect to holding some of these people accountable. I mean, the President never even gave a statement or an interview as to why he pardoned the entire James January six committee.
- [57:30]
David Pakman
So listen, there are so many lies here, it's actually hard to go one by one they're arguing between the two of them that the pardons by Biden for the people on the January six committee might be null and void due to the auto pens unauthorized use. The auto pen, which is an automatic signature device, has been around since the Eisenhower era. It's been used by presidents, it's explicitly authorized by law. Presidents can delegate signature authority. Presidents including Reagan, Clinton, Bush, Obama and Trump have all used auto pens. There is no serious legal scholar who supports this theory. There isn't a special exception where pardons can't be done with auto pen. It's made up. They then talk about 7 trillion in spending by Biden leading to 40 year high in inflation. It overstates the cost of Joe Biden's bills. Inflation peaked globally in 21 and 22 and it was because of the pandemic supply change. Energy price spikes from the Ukraine war pent up consumer demand and labor shortages. It had very little to do with Biden. And by the way, peak inflation in the US was lower than in other peer nations like the UK and Germany. And it came down more quickly and sooner. Boys and girls sports, this is just a culture war talking point. You know, the exact number of trans athletes competing in school sports is very small. Data shows almost no one is affected by this. It doesn't mean it's not an issue. It's just barely an issue. And it's presented as if it's happening everywhere, constantly. And the documented cases of it are very rare. And by the way, athletic organizations have already developed protocols prior to this becoming a culture war issue for MAGA as to how to deal with individuals who are intersex or another situation. So it's just not really an issue. The border is wide open and 10 to 20 million people are coming in. I guess she means 10 to 20 million people per year. Those numbers are ridiculous. There are two to two and a half million encounters annually. That includes people turned away for various reasons. Border was never wide open. We've got, you know, endless border patrol agents and barriers, technology enforcement. And many of the encounters result in people being expelled or deported not getting into the country. So I don't know what she's talking about. And finally that, you know, immigrants have committed serious crimes. Studies regularly show immigrants documented and undocumented commit crimes at lower rates than native born Americans. This conflates immigration violations, which are civil matters, remember, with criminal conduct overall. It's misinformation, it's disinformation, it's fabrication. But if your audience has no idea, and I think Maria's audience has no idea, who cares? You'll just say whatever you can get away with. We have a phenomenal bonus show today. We are going to dig more deeply into the new Biden auto pen conspiracy theory. We'll talk about the expected rate cut and the Tylenol autism lawsuit coming from, not a surprise, the state of Connecticut. No, of course not. It's Texas. It's Texas. All of those stories and more on the bonus show. Sign up@join pacman.com Remember to leave us a 5 star rating on Spotify and Apple podcasts.