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Mackenzie
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State Regime Media, which calls itself Fox News, has been panicking since the United States Supreme Court struck down Donald Trump's tariffs against the world. Each host on State Regime Media behaving more ridiculous and pathetic than the next. They're bringing on people like Trump's Trade Representative Jameson Greer and Treasury Secretary Secretary Scott Besant. They are bringing on people like Stephen Miller. And it's a combination of like attacking the Supreme Court and calling them illegitimate and under the influence of foreign powers, but then also saying, actually, I. E. But the unlawful declaration that we made to do tariffs against the world has been great. Look how powerful we are. Stephen Miller says we've brought inflation down to 1.4%. No, you didn't. Actually, the PCE is rising past 3%. I think you're confusing the fourth quarter GDP number, which was 1.4%, with inflation. You see our GDP is going down and inflation is going up. Stephen Miller Then you had people like Jesse Waters on State Regime Media saying, how could Donald Trump be a dictator when the United States Supreme Court ruled against him and Donald Trump is following the order of the Supreme Court. Actually, Donald Trump's not following the orders of the Supreme Court. He held a deranged press conference shortly after the Supreme Court struck down his tariffs against the world and said that he's gonna make life so painful for Americans he got rid of the de minimis tariff exemption. So people who are purchasing goods of $800 or less are going to now suffer tariffs right now. Then Donald Trump did a unilateral 1, 150 day, 10% tariff against the world in order to try to make the American people suffer even more. And then Donald Trump says he's going to potentially do embargoes against other countries if they want to go back on the fake trade deals that Donald Trump announced on social media. So actually, Jesse water and state regime propagandists, Donald Trump's not following this Supreme Supreme Court ruling. He held one of the most deranged press conferences ever. But you know, this is an evidence based, fact based network here at Midas Touch. So let me bring out the receipts one by one for you, shall we? First, let's bring in Jameson Greer. He's the U.S. trade Representative. He was speaking with Brett Baer and Baer says, do you regret using IIPA, you know, the statute from 1977 that claimed gave you this emergency authority to do tariffs against the world? What, do you regret that? And Jameson's like, no, we did the right move there. You did the right move by doing an unlawful tariff and now you owe refunds totaling about $175 billion at least. Which by the way, Treasury Secretary Scott Besson goes, good luck trying to get that. Why would we give it back to you? It's got like the bad guys, like the villains in every superhero movie. My gosh. Here's what Jameson Greer says. Let's play this clip.
Audio Clip Speaker
You know, to that point, you mentioned ieba. That's the emergency effort. Do you regret using IEBA if you had these other statutes already on the books and kind of ready to go?
Jameson Greer
No, not, not at all. And by the way, all of these options were presented to the President early on, before he even started his second term. The, the reality is the President wanted to move quickly, he wanted to move flexibly, and most importantly, he was trying to respond to an emergency of our huge trade deficit we were left with under Biden. And so that's why he was using that. So it was an appropriate tool, was a necessary tool. Obviously we disagree along with three esteemed justices of the Supreme Court on the result today. So we don't regret it. It helped us obtain tons of deals covering half of the world's population. Opening up market access we haven't enjoyed for 30 years. And we have these agreements. And so we'll just use a different tool again. The, the tools may change, but the policy stays the same. In ipa was part of that now
Podcast Host
going to Jesse Waters, he said, actually the Democrats fell right into a trap. He said, we're heading into the midterms. And now Donald Trump gets to issue refunds right before the midterms with his name on it. And the American people are going to be so thankful that Trump's name is going to be on tariff rebate checks.
Greg Gutfeld
Ha ha ha.
Podcast Host
Newsom. Ha ha ha. Democrats, you fell right into the trap. What are y' all talking about? First off, Donald Trump says he's not going to be giving refunds. He claimed he was giving tariff rebate checks, but that was a lie. Just like doge dividend checks were a lie. And just like it's a lie when he says for healthcare he's gonna replace Obamacare and the Obamacare subsidies by giving a $2,000 check. That seems to be Donald Trump's M.O. rather than solve the problems, he just comes up with $2,000 checks and then never actually gives it because he's a total con artist and a total fraud. Watch Jesse Waters here, though. Play this clip.
Audio Clip Speaker
Democrats don't even know it yet, but they just walked into a pretty big trap. Newsom saying Americans should get a tariff refund.
Podcast Host
Donald Trump should return that money immediately. He has an obligation, $1751 per family that were taxed by Donald Trump. He took hundreds of billions of dollars from working folks, from ag community, from small businesses for this vanity play, this illegal action. And he finally was held to account. The rule of law won out tariff
Audio Clip Speaker
stimmy checks with Trump's name on it right before the midterms. I'm into it.
Podcast Host
Then state regime media brings in the despicable individual, Stephen Miller. And Stephen Miller goes as cowardly as the Supreme Court ruling was. Here's the good news. We're going to come up with ways to make the tariffs even harder on the American people. These people are pure evil right near play this clip.
Greg Gutfeld
But here's the good news, Laura. As cowardly, as horrendous as the Supreme Court ruling was, as poorly as it reflects on John Roberts court and the continued torturing of our statutes and our Constitution. Here's the good news. The court also affirmed the president has the authority under section 301, section 232, section 122, section 338 and many other provisions of federal law that the President can levy tariffs on foreign nations. So his program will not only be fully reconstituted, but it will be expanded. And one more point, Laura. The Supreme Court also affirmed that under IA, the President has authority to restrict, impede, deny, license, or even fully embargo any foreign trade. So the net result of all this is we're going to keep and grow the tariffs to bring back American manufacturing, which keeps prices low by incentivizing products to be made here in America. But it also means that President Trump has even more tools when it comes to dealing with foreign countries that undermine our security.
Podcast Host
And that brings us to Greg Gutfeld. And Greg Gutfeld just basically starts cursing on air. He's like, for all of the people, gloating, stfu. Stfu. Shut the F up. Shut the F up. By the way, that's basically what Donald Trump was saying during his deranged press conference. Shut the F up, man. Shut the F up. It was really weird as press conference. Here, play this clip.
Greg Gutfeld
And for the people that are gloating, they were probably the same people who backed the student loan bailout. You know, they could stfu. The Supreme Court pooped on that, but that didn't stop Biden, did it? Or how about the vaccine mandates? Supreme Court crapped on that too, but they still did it to the government employees. There's always a workaround, but shut up
Audio Clip Speaker
is what I'm saying.
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Podcast Host
This is where Jesse Waters then says, how could Trump be a dictator when the Supreme Court rules against him and he follows the order. Jesse, he says he's not following the order. We saw the press conference earlier yesterday where he says he's not following the orders. Here, play this clip.
Audio Clip Speaker
I guess Trump's not a dictator anymore because the court ruled against him and he's going to do what they say. Carney in Canada, he doesn't have this issue. Ursula at the EU can hit us with tariffs and nothing stops her. Mexico can hit back fast. China can. They dump and tariff all day long, but the United States has to just sit there and take it. The President can't hit back fast. He has to guess which law to use. And if he retaliates too hard against Vietnam or Switzerland, these countries can hold firm because the court might strike them down.
Podcast Host
Then Jesse Waters says, but these tariffs have been so amazing. That's how we got Greenland, that's how we got the Panama Canal. We did this all. We settled eight wars with the tariffs. He didn't do any of those things. What are you talking about? He didn't settle eight wars. The tariffs. You know what the tariffs have done, Jesse, if we want to have an honest conversation about what the tariffs have done them, it caused the rest of the world to enter trade deals with each other and cut out the United States. You've got Canada linking a Trans Pacific partnership with a transatlantic partnership right now, completely outmaneuvering the United States. We've got the BRICS block growing in power. You've got the European Union and making deals with India, actual deals. You've got Carney making deals and strategic partnerships with China. I mean that's what you actually have going on here. But here, let's play this clip.
Audio Clip Speaker
Who has to wait and then go and do an investigation and then come back. This is what we need now. Not only this, he's now gotten the Panama Canal back from tariffs, he's brought Greenland back into our orbit and he's gotten NATO funding boosted from tariffs. Not to mention the fact that wars have been settled because of tariffs. This is what's going to happen. He's just going to reinstitute the same posture under a different code and they're going to go back to where they were. But the silver lining as you're right this time when you do an investigation, you might be able to target strategic industries and do carve outs like coffee or clothing. Non national security related issues. And then you can still have a tariff regime that keeps in charge of economic national security. And we still have the justices invited to the State of the Union.
Amy Klobuchar
Well that is most important.
Monica Crowley
I mean Greg, the justice's job is
Podcast Host
to Then you had Democratic senator who's running for governor of Minnesota. Amy, Senator Klobuchar was on state regime media and here's how she described the situation to Bret Baier. It's actually nice to have someone speaking logically on state regiment media. Let's play this clip.
Audio Clip Speaker
They say this is a powerful tool that the president used to move countries to do different things. You say he needs to work with Congress to get it done.
Amy Klobuchar
Well, the Supreme Court has clearly ruled that he has to work with Congress. That Congress, as Justice Gorsuch pointed out a number of times in that oral argument that Congress has the power to tax and so yes, he should work with Congress but he also has to stop doing these things that are clearly illegal that then lead to complete chaos in the economy. And it's one of the reasons why people are so angry about what is going on right now because people get refunds going up for people housing costs. Continue. Brett. I didn't hear the question.
Audio Clip Speaker
Oh sorry. Do you think that people need to get refunds? There are some Democrats calling for refund
Amy Klobuchar
for the American people. So it is very clear they made this retroactive. They didn't say, oh it's just going forward. So there will be people. There's a lot of importers in the US that's the bulk of it that have paid These tariffs, and I would think these small businesses that have sued, you know, a Utah fishing apparel company, a toy store in Pennsylvania, they are going to be going before the international court, some kind of body to get their money back. My hope is that that can go to individual consumers who ended up really paying for this because of the increased prices. But there will be major action on refunds. And, you know, I don't run that White House, but I would hope they would be making that process go as smoothly as possible because people will have a right to get their money back. There isn't a provision in the way the court did this and the president did express his anger about that. And I don't know how they could have suddenly come up with a process themselves where it says, hey, this is just going forward. It's not retroactive. I'm not sure they could do that under the law. The administration should have never used this IPA statute. And I heard the ambassador say the president wanted to move quickly and that was the goal. But you want to do things legally or you're going to end up in a huge mess, which he has continued to have happened to him in various other realms throughout this administration.
Podcast Host
Now back to Jesse Waters here. Jesse Waters says, I love refunds, actually. So where's my refund check from the Somalians? Let's play it.
Audio Clip Speaker
But as long as we're playing along, I love the idea of a refund. Are we getting refund checks for the $9 billion the Somali stole? Because when there's fraud on my credit card, American Express pays me back.
Podcast Host
And then finally they bring on Monica Crowley, who's like Donald Trump's ambassador of protocol, whatever the hell that means. She was previously. She was previously a host on state regime media, right wing propagandist. That gives you the ability to become an ambassador in the Trump regime or a. Or a secretary of defense in the Trump regime. And here she talks about how she goes. The tariffs have generated nearly $270 billion for the federal government. And this has been caught. This has caused the deficits to be lower, our national debt to be lower, and for there to be economic growth and job creation. We are in a jobs recession right now. Economic growth is stagnant. The national debt is increasing. Deficits are not lower. Just making things up. As Leslie Marshall says, The US federal budget deficit stood at approximately 1.7 to $1.8 trillion over the past 12 months. As early as 2026, the deficit reflects that. The government expenditure, 7 trillion. Continues to significantly outpace revenue. 5.2 trillion. And now you owe a refund to people because you stole from them. Right. Inherent in the court's order, Supreme Court's order that the IPA tariffs are unlawful is that you stole money by unlawfully charging people tariffs. You tax people illegally, which is obvious if you just read IPA from 1977. It says where a president declares that there is a national emergency, the president has the right to regulate imports and exports. Nowhere in IPA does it say the word tariffs at all. So you have to declare a valid emergency, national emergency. And then it talks about regulating imports and exports. Regulation is not tariffs. That's not what it. That's not what it is. And the Supreme Court said that's not what it is. Anyway, here's what Crowley had to say. Let's play this clip.
Monica Crowley
It is ready to go. And Jesse, when you mentioned refund checks, over the last year, the calendar year 2025, President Trump's tariffs have generated nearly $270 billion for the federal government. And those returns are coming to back to the American people. They're coming back in the form of lower deficits, an overall lower national debt as we proceed with this. And it's also generating tremendous economic growth, it's generating private job creation, and it's also generating a manufacturing boom. We started to see it in Trump's first term and now we're seeing it on steroids.
Audio Clip Speaker
All right, Monica Craig, there you have it, folks.
Podcast Host
Let me know, let me know what you think. It's so utterly pathetic, isn't it? Well hit subscribe. Let's get to 6 million. Thanks for watching. Thanks for watching. Be sure to add the Midas Touch podcast on Apple Podcasts, Spotify or wherever
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Podcast Host
One in four tax paying American has paid the price of identity fraud.
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Podcast Host
My refund though.
Amy Klobuchar
I'm freaking out.
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I'm going to pull over and ask that man for directions.
Amy Klobuchar
Hi there.
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We're looking to get to the campground.
Jameson Greer
Well, you're gonna take a left at the old oak tree end of this. Here road. No, I'm just kidding. Let me get my phone out.
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T Mobile and US Cellular decided to merge so the network out here is huge. We're getting the same great signal as the city and saving a boatload with all the benefits. Oh, and a five year price guarantee. Okay, here's those directions.
Monica Crowley
Actually can you point us in the
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Podcast: The MeidasTouch Podcast
Episode Air Date: February 21, 2026
Hosts: Ben, Brett, and Jordy Meiselas
Main Topic: The panicked reaction at Fox News (“State Regime Media”) following the Supreme Court’s decision to strike down Donald Trump’s worldwide tariffs, the on-air meltdown, and the broader political ramifications and fact-checks.
This episode dissects the right-wing media’s frenzied response after the U.S. Supreme Court struck down Donald Trump’s global tariffs as unlawful. The Meiselas brothers use humor and meticulous fact-checking to highlight how Fox News personalities and Trump allies scrambled with misinformation, contradictions, and attempts to vilify the Supreme Court. The brothers play audio clips from Jameson Greer (Trump’s Trade Rep), Jesse Watters, Stephen Miller, Greg Gutfeld, Monica Crowley, and Senator Amy Klobuchar, offering sharp analysis and context at every turn.
"[President Trump] wanted to move quickly, he wanted to move flexibly, and most importantly, he was trying to respond to an emergency of our huge trade deficit we were left with under Biden. So it was an appropriate tool, was a necessary tool. Obviously we disagree along with three esteemed justices of the Supreme Court on the result today. So, we don’t regret it."
— [05:08]
"Democrats don’t even know it yet, but they just walked into a pretty big trap... Tariff stimmy checks with Trump’s name on it right before the midterms. I’m into it."
— [06:56], [07:30]
"For all of the people, gloating, STFU. STFU. Shut the F up. Shut the F up. By the way, that’s basically what Donald Trump was saying during his deranged press conference."
— [09:26]
"The net result of all this is we’re going to keep and grow the tariffs to bring back American manufacturing, which keeps prices low by incentivizing products to be made here in America."
— [07:56]
"The Supreme Court has clearly ruled that he has to work with Congress. That Congress... has the power to tax and so yes, he should work with Congress, but he also has to stop doing these things that are clearly illegal that then lead to complete chaos in the economy."
— [14:57]
"Over the last year, the calendar year 2025, President Trump’s tariffs have generated nearly $270 billion for the federal government. And those returns are coming to back to the American people. They’re coming back in the form of lower deficits, an overall lower national debt as we proceed with this. And it’s also generating tremendous economic growth, it’s generating private job creation, and it’s also generating a manufacturing boom."
— [19:35]
The Meiselas brothers bring their trademark blend of comedic banter, sharp legal analysis, and relentless fact-checking. The tone is pointedly critical of right-wing media’s willingness to distort facts and defend Trump’s unlawful acts, while showing sincere concern for ordinary Americans harmed by policy. They blend mockery (“State Regime Media”), incredulity at Fox News claims, and policy expertise for an episode that is both entertaining and substantive.
This episode provides an unvarnished look at Fox News’s desperate spin in the aftermath of a major Trump legal loss—a Supreme Court decision that invalidates Trump’s tariff regime. The hosts debunk right-wing talking points, highlight the reckless ways Trump and his media surrogates undermine the rule of law, and remind listeners of the real economic and legal consequences for working Americans. Senator Amy Klobuchar’s intervention offers a glimmer of sanity and due process amid the bluster.
Essential listening for anyone wanting to understand both the facts and the political theater surrounding Trump’s tariffs, the Supreme Court’s authority, and the far-right media’s latest meltdown.