Host (3:26)

And Senator Murphy makes it very clear as well that during Trump's first administration, he added more to the deficit than any president ever by a lot. 25 to 30% of our deficit was caused by Donald Trump. Now with their horrible budget bill where they're going to cut Medicaid, cut snap, a Supplemental Nutrition Assistance Program, they're going to cut assistance for low income people to have homes so they can give tax cuts to the billionaires. We're talking about at least 6 trillion. I predict it'll be more like 15 to 20 trillion dollars that are going to be added to the deficit.

Kristen Welker (4:08)

Here, play this clip down, grading the nation's credit rating. And of course, they do cite the debt that the nation has accrued, of course, over decades in Democratic and Republican administrations. Why didn't Democrats do more to address the debt when while we're in power?

Senator Chris Murphy (4:23)

Well, I think it's important to remember that some of the most important legislative achievements during Joe Biden's presidency were done in a way that reduced the deficit. In fact, the Inflation Reduction act, which made massive investments in renewable energy, reduced prescription drug costs, was done in a way that drove down the deficit, not driving the deficit up. Most of the deficit was added under Joe Biden's presidency was in those early days when we were still recovering from the pandemic. But there's just no doubt that it was Donald Trump who added more to the deficit than any president in the history of the country. And he is on pace to do it for a second time. It's going to crater the economy. And listen, it won't have an impact on his billionaire friends. His Mar a Lago crowd will come out all right, but it will impact the regular people I represent in New Britain, Bristol and Bridgeport.

Host (5:09)

And then Senator Murphy, again, I like this is how you got to fight. Senator Murphy says, look, we're trying the Democrats to stop these MAGA Republicans from basically transferring the remainder of the money that low income and middle class Americans have so that the billionaires, the Mar A Lago billionaire class, can literally steal your money. That's what's going on here. Play this clip.

Kristen Welker (5:34)

It's tax bill. Secretary Besson argues it will create hundreds of billions of dollars in economic growth. You obviously are one of the Democrats who opposes this bill. Are Democrats standing in the way of the economic growth that Secretary Besant was just arguing?

Senator Chris Murphy (5:49)

Well, what we're standing in the way of is the most massive transfer of wealth from the poor and the middle class to the rich in the history of the country. This budget bill is an absolute disaster. It is going to kick over 10 million people off of their health care. Medicaid covers about a quarter of all Americans in order to pass along a new trillion dollar tax cut for the richest 1%. Nobody in this country is asking for that. And in addition, it's going to dramatically drive up the deficit. I heard the treasury secretary say that who cares about the downgrading of our credit rating from Moody's? That is a big deal. That means that we are likely headed for a recession. That probably means higher interest rates for anybody out there who is trying to start a business or to buy a home. These guys are running the economy recklessly because all they care about is the health of the Mar A Lago billionaire class. They only care about their corporate friends. They are going to destroy this economy. They are going to throw millions of people off of health care just so that they can pass along a benefit to a small handful of very rich Americans that is deeply unpopular. And my hope is, is that it won't pass that enough. Republicans see that nobody is asking for that massive investment in only a small handful of Americans that they'll vote against it.

Host (7:01)

And it wasn't just Senator Murphy. You have Senator Van Hollen from Maryland. I thought he did a great job here. Let's play this clip. Donald Trump's visit to the Middle east.

Senator Chris Murphy (7:11)

My view is the overall narrative here was selling out US national interests for.

Host (7:16)

The private gain of his family business. He essentially gave away the crown jewels of American AI and semiconductor technology to.

Senator Chris Murphy (7:26)

The Gulf in exchange. In exchange, it looks like for a $2 billion investment in the Trump family stablecoin venture.

Host (7:35)

Now contrast that to MAGA Mike Johnson. Here's MAGA Mike Johnson addressing the fact that Moody's, the credit agency that's been around since 1917 for the first time in its history, downgraded the United States credit score. But even though MAGA Mike and his bill with Trump is gonna add $6 trillion to the deficit, which is why Moody's downgraded America's credit. He goes, we're doing what Moody's wants us to do. That's why these people are malignant, narcissistic sociopaths. Here, play this clip.

Kristen Welker (8:12)

All right, quickly. Want to ask you about Moody's on Friday. For the first time in a century, they downgraded the US Government's triple A rating. They say an increase in government debt and interest payment ratios, quote, that are significantly higher than similarly rated sovereigns. Senate Minority Leader Chuck Schumer says it should be a wake up call to your party. He says you're hell bent on a multitrillion dollar tax cut for the ultra wealthy. Your response?

Senator Chris Murphy (8:36)

It's just utter nonsense. It's just like Chuck Schumer to create a crisis and then point fingers of blame. This is the Biden spending spree that got us in this mess. Moody's is not incorrect, but that's why that emphasizes the very need for the legislation. We're talking about historic spending cuts. I mean, this will help to change the trajectory for the US Economy and send that message of stability to our allies and even our enemies around the world. America is back. President Trump's one big beautiful bill will be passed and that will be the key to turning this thing around. We have to get this done. And it just shows more of the urgency of why we're doing exactly what.

Kristen Welker (9:12)

We'Re doing with the legislation.

Host (9:14)

Now going to Treasury Secretary Scott Besant. He talks about how he tried to shake down the Walmart CEO and tell him to eat the tariffs. But I thought that China was going to eat the tariffs. Oh, so China's not eating the tariffs. So now the Trump regime is imposing price controls on businesses. That's the, that's, that's what Republicans are doing now to try to temporarily cover up the damage that they've done. Play this clip.

Kristen Welker (9:48)

Ask you about Walmart. This big news from Walmart. It says it will start raising prices on its consumers, Mr. Secretary, as early as this month due to the tariffs. Now President Trump out with a very stern warning on social media saying Wal Mart, quote, should eat the tariffs, adding the company made far more than expected last year. Is the president asking American companies to be less profitable?

Senator Chris Murphy (10:13)

I was on the phone with Doug McMillan, the CEO of Wal Mart yesterday, and Wal Mart is, in fact, they are going to, as you describe it, eat some of the tariffs that just as they did in 18, 19 and 20. The other thing, though, that we are seeing that Doug passed along to me that with their consumer, the single most important thing is the gasoline price. And gasoline prices have collapsed under President Trump.

Host (10:45)

And here's the thing too. You may be able to get like Walmart, which has already destroyed a lot of small businesses throughout the country to temporarily do certain things with your Trump regime, fascistic central planning, but you're destroying also medium and small sized businesses. Like it's exactly what they did during COVID except here they've manufactured it themselves. Now where it's like if you don't test then then there's no issues. Right? How do you know if there's cases if you don't? They're just covering up the problem. You ever been stuck in a checkout line that felt like it belonged in a time warp? One time I tried buying a coffee and the register froze. Then the card reader went down. Then they told me it was cash only. And guess who didn't have any cash? Yep, me. Had to sprint to an ATM across the street, pay those ATM fees and it was total chaos. That's why I love businesses that use Square. I feel like every restaurant and store by me in Los Angeles uses Square now. And checkout is always seamless whether I'm paying with my phone or card. It's fast, easy and just works. A coffee shop by me even integrated their loyalty program into Square. And it's great to get those rewards without having to carry around one of those little paper cards. With Square, the staff focuses on you not fiddling with broken tech. The hardware looks sleek, the software is easy and it helps manage everything from sales and inventory to online stores and loyalty rewards. Square keeps up so you don't have to slow down. Get everything you need to run and grow your business without any long term commitments. And why wait? Right now you could get up to $200 off square hardware at square.com go midas. That's s q u a r e.com g o m e I dash run your business smarter with Square. Get started today. I'll show you this next clip right here where Kristen Welker meet asks Treasury Secretary Besant about Trump accepting bribes. And he goes, no, they're not. He said they're, they're gifts to Americans. Americans want Donald Trump to have a $400 million gold plated jet. No, we don't. No we don't. What are you talking about?

Kristen Welker (13:00)

Play this clip to keep that plane in his presidential library after. But what do you say to some Republicans who argue it sends a message that the United States can be bought or other countries, countries can curry favor if they offer gifts.

Senator Chris Murphy (13:13)

I say that the gifts are to the American people. There's trillions of dollars of investments that are going to create jobs in the US Whether it's the UAE building this gigantic aluminum plant in Oklahoma, whether it's these data centers that Qatar is going to do is 600 billion on its way to a trillion from Saudi Arabia, that it all accrues to the American people.

Host (13:40)

In another absurd clip. I don't even need to play it. Besson's like, this is just like the Statue of Liberty when France gave us the Statue of Liberty in 1877. It's just like Qatar giving us a 400. It's not us. He's giving Donald Trump a foreign. Qatar, who funds Hamas, is giving Donald TRUMP A $400 million gold plated jet which then goes to his library, which isn't built, which means Trump's getting a private gold plated jet with the maintenance paid for by the United States taxpayers. That's what this. It's not the Statue of Liberty. The Statue of Liberty was also accepted as a gift via a formal congressional resolution, and the United States helped in the funding. If you don't see the difference between the Statue of Liberty and Trump getting a gold plated jet from a country that helped to fund Hamas, and if you're cool with that, if you're cool with Trump getting that, you need to, I think, reflect on it a little bit more deeply. Um, here you have Besson talking about how they haven't been able to do any deals with any countries. So they're just going to go and make up tariffs again against the countries like they did on April 2nd, which was the initial disaster that they paused for 90 days here playing this clip.

Kristen Welker (14:56)

President Trump, while he was on the foreign trip, said that countries should expect letters from you, from Secretary Lutnick saying, this is what the tariff rate is going to be. Mr. Secretary, does that effectively mean that these negotiations with other countries are over? And how high should they expect tariffs to go above 10%.

Senator Chris Murphy (15:17)

This means that they're not negotiating in good faith. They are going to get a letter. They are saying, here, here is the rate. So I would expect that everyone would come and negotiate in good faith.

Kristen Welker (15:31)

You expect that rate, though, that you would slap on any country that you think is not negotiating in good faith to be above 10%?

Senator Chris Murphy (15:36)

Well, I think that it would be the April 2nd level. Some countries were at 10%, some were substantially higher. And the negotiating leverage that President Trump is Talking about here is if you don't want to negotiate, then it will spring back to the April 2nd level.

Host (15:53)

Then Scott Bessen says that his whole strategy is actually to create strategic uncertainty. So if small businesses and medium sized businesses are getting screwed, Bessen says this is the point. Strategic uncertainty is their goal.

Senator Chris Murphy (16:08)

Play this clip every day, pretty much, we interview a small business owner. Some of them are Trump supporters, some of them are not. Some of them are tariff supporters, some of them are not. The one thing I hear from, from almost every one of them is the uncertainty. They don't know how to plan for the future because they have no idea what's going to come. The other thing I hear is that their margins, these are. These are small, small business. Their margins are so thin, 5 to 10% max. And they say that these tariffs are just taking away all of their profit margin. So I guess my question is, what do you say to people concerned about the uncertainty and what do you say to people who say, small business owners who say we need relief? Because as they say, like, I'd love to buy lithium batteries in the United States, but you can't. They're only available for small businesses from China. Well, a couple of things to unpack there, Jake. One is that we didn't get her overnight in terms of this terrible trade situation we have with China, but also with the rest of the world. And President Trump is renegotiating these. And strategic uncertainty is a negotiating tactic. So if we were to give too much certainty to the other countries, then they would play us in the negotiations. I am confident that at the ends of these negotiations, both the retailers, the American people, and the American workers will be better off.

Host (17:43)

Okay, well, let's just assume strategic uncertainty is your goal. What are you doing then, when you totally capitulated to China, what's the strategic uncertainty where you impose 145% tariffs only to then take it to 30% and get nothing in return? What's the strategic. What's the value that. No, what value there? No, what's going on is that Donald Trump wakes up. What should I post today? Oh, I'm gonna post 37 million percent tariffs. Okay, what else am I gonna post? I'm gonna post a photo of myself holding a sword. Okay, now 8, now 30 tariffs and 75 quadrillion percent. It's just stupid. It's just stupid stuff. And that's why the rest of the world sees this as utter weakness and recklessness. And they go, why would we do a deal with the United States? They don't know what the hell they're doing. Trump, Besant, these clowns, these goons don't know what they're doing. They're like, we'll wait. We'll wait. Why even do a deal with them that you can't do a deal with these people? I want to share with this, Share you with this, share this with you as well. Bridget Brink, who recently quit her post as the United States ambassador to Ukraine, shared with Face THE Nation what really went down here. Play this clip.

Kristen Welker (19:06)

You served this country for so many decades. What happened that made you say, I can't take it? Well, maybe let me give you a little context. What I saw in Ukraine was horrifying. For three years, Russia launched missiles and drones at men, women and children sleeping in their homes, tried to take down the energy grid for millions of Ukrainians to take out the power, heat and light in the middle of the winter, and committed war crimes and atrocities at a level we haven't seen since World War II. I resigned from Ukraine and also from the Foreign Service because the policy since the beginning of the administration was to put pressure on the victim, Ukraine, rather than on the aggressor Russia. I fully agree that the war needs to end, but I believe that peace at any price is not peace at all. It's appeasement. And as we know from history, appeasement only leads to more war. And to be clear, you are a career diplomat, so that means you serve regardless of who is the president of the United States and what party they come from. And in fact, when you tried to leave post in January, Secretary Rubio asked you to stay on in Kyiv. As I understand it, you were there for a number of months, until April. What specifically with this policy is a problem for you? Because you did, you worked at post under the Trump administration. Was there a trigger that made you say we're getting it so wrong? Well, I would say it wasn't a hasty, rash decision. It was one that I took over the first three months of the administration. But the first sign was the Oval Office meeting in February. In February between President Trump and President Zelensky, where I saw that our approach is to put pressure on Ukraine and not pressure on Russia.

Host (20:55)

So I want you to judge for yourself after watching those clips what you think. And I think it's good to see Democrats fighting back. But you've seen what these MAGA Republicans saying. They're like Bernie Madoff, worse than Bernie Madoff. These are the biggest con artists, the biggest hucksters, the fraudsters. But they work for a felon. This shouldn't be a shock. They work for a felon. Trump should be in prison for the rest of his life right now. Okay? He should. He's found guilty of 34 counts of fraud. He's been found for for business record fraud. He's been found civilly liable, criminally liable. He's been found to be civilly liable for sexual abuse. He bankrupted Atlantic City and bankrupted multiple cuz. He was bankrupted like six or seven of his businesses. Ten or 12 other businesses have gone out of business. He's the worst. That none of this is shocking. This is who he is. He's a loser. He's a criminal. He's a sexual abuser. He's a vile piece of trash. That's what it is. Just call it out. The rest of the world sees it. Why?

Senator Chris Murphy (22:02)

Why?

Host (22:02)

Why? What are we scared about with this idiot anyway? Hit subscribe. Let's get to 5 million subscribers. Thanks for watching New Midas Merch Drop. Check out the latest pro democracy sticker packs. T shirts, hats, sweatshirts and more all@store.midas touch.com.