Transcript
Ron Filipkowski (0:00)
During the government shutdown, the Trump regime is doing what the Trump regime does best, commit fraud, lie to the American people about what's really going on in this country. Donald Trump sent out Peter Navarro and others to make their rounds to say that yes, indeed, we are now bringing it's not 17 trillion anymore, which Trump says we already have on a tariff shelf, although Trump said it was. First it was 17, then Trump said 20 trillion. Now Peter Navarro saying, well, we've got 19 trillion dollars, so our entire GDP in the United States is like 30 trillion. But they figured out a way to bring in $19 trillion into the United States. Wow. Here, play this clip.
Peter Navarro (0:42)
But let's think about this. You can't have the manufacturing jobs until what, until the plants get built. We got $19 trillion. Let me say that one more time. $19 trillion of investment promised to come into this country. Now construction is going to boom in the short run, but we're not going to see the manufacturing jobs until that capacity gets built. So it'll be 6 months, 9 months, 12 months, 18 months. But what we're doing is setting the stage.
Ron Filipkowski (1:16)
She's like the reporter for those listening on audio is looking at Navarro like he's an idiot because he's an idiot and a fricking liar. Not bringing, there's no, $19 trillion is a made up number. When you actually go to the White house, they say $8.8 trillion and they just make up the most ridiculous numbers. $1 trillion promised from Qatar. Well, Qatar's annual GDP is $166 billion. They're giving us 10 years of their GDP, $1.5 trillion from the UAE. The UAE's annual GDP is $440 billion. They're, they're giving us what, four years of their entire, it's just $1 trillion from Japan. Interesting. Japan doesn't know that. Then you have Maria Bartiroma interviewing Kevin Hassett, Trump's other economic guy and even Fox is saying, are we in trouble? Are we in trouble? Because there seems to be deep signs of distress in the economy. Here, play this clip.
Fox News Reporter (2:13)
There's new nervousness this morning and certainly this week in markets. Kevin, after this credit stress fears rattled the regional banking sector. As you know, Zions and Western alliance both disclosed issues in borrower fraud. Zions reported a $50 million loss last quarter. Western alliance is now suing a borrower it says to recover nearly $100 million. Even Jefferies falling tied to the bankrupt auto parts maker First Brands, now under DOJ investigation. And as you know, Jamie Dimon from JP Morgan has been warning of credit market excesses after a string of auto sector bankruptcies. What do you make of this, Kevin? Are these isolated fractures or, or is these signs of a deeper stress in the economy right now with regard to credit?
