Transcript
Ben Meiselas (0:00)
State regime media known as Fox is in free fall as it tries to brainwash its audience into not blaming Donald Trump on the economic collapse that is now taking place. Bond markets are collapsing. The dollar is crashing. The 10 and 30 year treasury yields are rising to levels that we haven't seen in quite some time. Now state regime media known as Fox wants to blame it on former President Biden. Let's deconstruct the propaganda machine that is Fox, AKA state regime media and show what they were doing last night, for example. So Laura Ingraham devoted basically her entire show to blaming the economic collapse on former President Biden. She brings on people who masquerade as economic specialists and they say, yeah, well we actually can see that the Atlanta Federal Reserve predicts GDP contraction in quarter one. But obviously that's because of former President Biden. Yeah, yeah, yeah. That's why. Here, play this clip.
Donald Trump supporter (0:57)
Well, first of all, it means President Trump and his administration are doing what they, what they ran on and the people voted for it. And so they understand that he's executing what he said he's going to do. Now, I think if it gets out of control at some point, things can change. And there are some things looming and coming up like the GDP now forecast from the Atlanta Fed, which is usually deadly accurate. They say we're going to have a two and, a two and a half point negative gdp, but that will be for the first quarter and that will be mostly on the last administration, not this administration. But right now he's in good shape.
Ben Meiselas (1:29)
You know, you see how they say it with this degree of certainty and they present themselves as though they're experts. You know, here on the Midas Touch Network, we come with receipts and we want to provide you with objective data. So let's look at what the Atlanta Federal Reserve actually predicted and projected previously before Donald Trump imposed tariffs against the world and then took them off and put them on, and took them off and put them on, then raised the tariffs against China to 145% and created an effective tariff rate. When you blend the entire world together now it's somewhere around 20%, 25%. Take a look right here. Originally, if Donald Trump did nothing and just let former President Biden's economy go on overdrive, where there was GDP growth quarter after quarter, we were expecting 3.9% GDP growth in quarter one under Donald Trump. Then Donald Trump started messing with things and it was lower to 2.3% but still growth. Donald Trump started messing with things and then the Atlanta Federal Reserve projected a 2.8% contraction or negative 2.8% GDP. And now they projected negative 3.7% GDP or somewhere between negative 3.7% GDP and negative 2.8% GDP. Those are the facts. That's the objective data. Had Trump done nothing, he could have taken credit for former President Biden's economy and gotten like 4% GDP growth. He crashed it. And you can see it right there in the chart how he crashed it. That's why you gotta fact check what they say. Then Laura Ingraham continued this theme. Trump's fixing Biden's chaos. And she. Watch what they do. Look at the Chiron. They always try to flip what's really happening into their dystopian Orwellian framing. Play this clip.
