Trump Goes Nuts in AM and Caves as It All Collapses

Summary

The MeidasTouch Podcast Summary: "Trump Goes Nuts in AM and Caves as It All Collapses"

Release Date: March 6, 2025
Host: MeidasTouch Network (Ben, Brett, and Jordy Meiselas)
Episode Title: Trump Goes Nuts in AM and Caves as It All Collapses

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Introduction

In this episode of The MeidasTouch Podcast, host Ben Mycelius delves into the current state of the U.S. economy, the unpredictable actions of former President Donald Trump, and the ensuing political turmoil. The discussion is punctuated with sharp critiques, humorous banter, and insightful analysis, staying true to the podcast's blend of comedy and serious discourse on democracy.

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Market Turmoil and Economic Concerns

Ben opens the episode expressing frustration over the deteriorating economic indicators:

Ben Mycelius [00:29]: "I don't know about you, but this doesn't feel like winning to me. Waking up again this morning to see the Dow Jones crashing in our markets crashing once again."

He highlights the ongoing market instability, noting a 1.21% drop in the Dow Jones as he records the podcast. Ben criticizes Trump's unpredictable trade policies, labeling the repetitive cycle of threats and reversals as "the definition of insanity."

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Trump's Trade Policies and Critique of Leadership

Ben scrutinizes Trump's recent stance on tariffs, particularly his shifting position on taxes against Mexico and Canada under the USMCA agreement:

Ben Mycelius [00:29]: "Donald Trump posts this for now, he says the tariffs against Mexico are going to be off... So all tariffs off against Mexico until though, April 2nd."

He condemns Trump's leadership style, accusing him of narcissism and abuser personality traits. Ben underscores the detrimental impact of Trump's policies on the U.S. economy, emphasizing the contraction of GDP and the potential for a severe job report.

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Interview with Howard Lutnick and Media Bias

The podcast features an interview segment with Howard Lutnick, where Lutnick attempts to downplay economic downturns by distancing them from Trump's influence:

Howard Lutnick [04:53]: "Some very, very smart people are telling me that the jobs number... could be flat, even negative... This has nothing to do with Trump."

Ben criticizes Lutnick's dismissal of Trump's role, accusing him of being a propagandist aligned with the Trump regime. He juxtaposes Lutnick's comments with Trump's self-serving narratives, highlighting a perceived disconnect between media figures and economic realities.

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Trump's Communications and Democratic Institutions

Ben discusses Trump's recent communications aimed at rallying his base, including early morning emails requesting massive responses from supporters:

Ben Mycelius [08:06]: "Donald Trump is emailing his supporters at 5:03am... I need 3 million responses before midnight."

He further scrutinizes Trump's attempts to create divisions between himself and the U.S. Supreme Court, referencing a specific instance where Trump alleges mistreatment by Chief Justice John Roberts. Ben labels these actions as indicative of an authoritarian regime undermining democratic institutions.

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Border Security and Policy Critiques

The episode touches upon border security issues, specifically fentanyl seizures at the Canadian border. An interview clip with Howard Lutnick raises concerns about the interpretation of these statistics:

Howard Lutnick [10:06]: "Well, how funny is that, right? Like if I seize less... does that mean like the stuff they haven't seized hasn't gone through?"

Ben criticizes the lack of effective measures and accountability in handling border security, implying that current policies are insufficient and mismanaged.

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Other Political Developments

Ben briefly mentions other significant political moves, including:

• Ukrainian Temporary Legal Status: The Trump administration's plan to revoke temporary legal status for 240,000 Ukrainians, potentially leading to deportations back to Ukraine.

• Obamacare Challenges: Elon Musk's decision to terminate the lease at the Obama Presidential Library site.

• Department of Education: A draft Trump executive order aiming to abolish the Department of Education, directing Secretary Linda McMahon to facilitate its closure.

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Conclusion

The episode concludes with Ben reiterating the dire state of the U.S. economy, the destructive policies of the Trump administration, and the broader implications for American democracy. He urges listeners to stay informed and engaged, emphasizing the importance of supporting democratic institutions amidst political chaos.

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Notable Quotes

• Ben Mycelius [00:29]: "What making it endlessly about him as we the people are suffering each and every day... That is the definition of insanity."

• Howard Lutnick [04:53]: "This has nothing to do with Trump. Trump's program's not in."

• Ben Mycelius [07:33]: "Let's play it. So then we get more whining from Donald Trump."

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Final Thoughts

The MeidasTouch Podcast continues to provide a critical lens on contemporary political and economic issues, blending insightful analysis with the signature brotherly banter. This episode underscores the network's commitment to supporting democracy and informing its audience about the challenges facing the nation.

Transcript

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[Ben Mycelius]

I don't know about you, but this doesn't feel like winning to me. Waking up again this morning to see the Dow Jones crashing in our markets crashing once again. And then seeing Donald Trump in a panic reversing the trade war stuff that he previously threatened, that he previously reversed. That he previously threatened, that he previously reversed, that he previously threatened and that he previously reversed. What making it endlessly about him as we the people are suffering each and every day. Up the dow down about 1.21% as I'm recording this. And then Donald Trump posts this. For now, he says the tariffs against Mexico are going to be off. He's not mentioning anything about Canada, although he did reverse the auto tariffs yesterday against Canada. So all tariffs off against Mexico until though, April 2nd. And then we do this whole thing over and over again. Right? That's the definition of insanity. But then he attacks Prime Minister Trudeau. I'll just read this for you briefly. He goes after speaking with President Claudia Sheinbaum of Mexico. I have agreed that Mexico will not be required to pay tariffs on anything that falls under the USMCA agreement. This agreement is until April 2nd. So the USMCA, the United States, Mexico, Canada agreement, the deal that you made during your first administration, which basically covers all of the goods, you're saying that what, that you made a horrible deal and now you're saying that that deal holds. But here's what he has to say about Prime Minister Trudeau in Canada, though. Again, he posted this this morning as well. He goes, believe it or not, despite the terrible job he's done for Canada, I think that Justin Trudeau is using the tariff problem, which he has largely caused, in order to run again for Prime Minister. So much fun to watch. Exclamation point. There's so much to break down there. First off, so much fun to watch as exclamation point. We're about 24 hours away. Tomorrow on Friday, we expect there to be one of the most devastating job reports in recent history. Americans are suffering right now. We have the markets that are crashing each day. And then Donald Trump comes up with some other scam and then it rises a bit and then it crashes the next day. We have GDP contraction right now. The Atlanta Federal Reserve is saying that the GDP will go down in the first quarter somewhere near 3%, where if literally Donald Trump did nothing and just put former President Biden's policies on overdrive, we could have had 3 to 4% growth. And he's saying, so much fun to watch. Secondly, Prime Minister Trudeau is not running for prime minister again. If you have the most basic research about what's going on in Canada right now, you would know that there's a race for who's going to lead the the Liberal Party right now and that there is going to be elections that are going to be held relatively soon. And then this malignant narcissism from him, an abuser personality, by Donald Trump saying Trudeau caused the problems, the tariff problem. When Donald Trump arbitrarily and unilaterally put these tariffs on Canada and essentially declared war on our ally, and he's blaming Prime Minister Trudeau for defending his people. It is a shameful day once again to be an American right now based on these despicable statements and despicable hate behavior of this authoritarian regime that is now running our country and has essentially completed a coup or is attempting a coup of our democratic institutions. It is absolutely despicable. And as they're crashing the economy right now, you see what's happening. You have like Larry Kudlaw who's on Fox Business and the revolving door of a Trump regime, propagandists who then become Fox hosts and Fox hosts who become somehow the freaking defense secretary of the United States doing a horrible job, may I add. So then Larry Kudlow is like, things are crashing, but we know Trump had nothing to do with it. Here, play this clip.

[Howard Lutnick]

Some very, very smart people are telling me that the jobs number that's coming out, the February jobs number that's coming out Friday could be flat, even negative. Brookie, the GDP now tracker from the Atlanta Fed is showing I for the first quarter minus two and a half or minus 2.8%. And we've had lousy numbers on things like housing and business investment. My generic point here with respect to affordability and the economy is we're going to have to suffer through some bad news. This has nothing to do with Trump. Trump's program's not in.

[Ben Mycelius]

So then they bring on their snake oil salesman. Which one, you may ask? They bring on Howard Lutnick And Howard Lutnick says, look, you know, stock market goes up, stock market goes down. That's not a big deal. You know that we here never use the stock market as an indicator of success, really. Because that's all Donald Trump has ever talked about before. Here's Donald Trump's Commerce Secretary, Howard Lutnick. Let's play it this.

[Interview Host]

Secretary Locknik, does the President want a rising stock market? Because we do have stock 6% off the highs. And confidence is being shaken here a little bit around business. I know you guys wanted lower interest rates and you're getting that, but kind of for the wrong reasons because now there's worries about, about growth and potentially recession because of a trade war.

[Howard Lutnick]

The President wants American growth and American prosperity. Okay? And the fact that the stock market goes down a half a percent or a percent, it goes up a half a percent or percent. That is not the driving force of our outcome.

[Ben Mycelius]

And then previously, Howard Lutnick would say, well, look, you know, for we want to solve our deficit, all we've got to do, all we've got to do is sell to the Russian oligarchs. Five to 10 million TRUMP GOLD cards and voila, everything is dealt with. Here, play this clip.

[Howard Lutnick]

Selling, you know, visas, the ability to have a green card to come to America. Imagine if you sold a million of them, you'd pay off our deficit and have 15 trillion to spare.

[Ben Mycelius]

Howard Lutnick is asked, so you're focused on increasing robotics and increasing machinery, but how are you going to deal with the loss of jobs? Here's what Lutnick said. Let's play it.

[Howard Lutnick]

All right, because robots usually replace people. But you think that ultimately it's going to create jobs, this. Oh, I'm sure of it. You're going to see that my department is going to come out with a plan that has a guarantee if you go into the training program, you will be guaranteed a job.

[Ben Mycelius]

So then we get more whining from Donald Trump. He posts massive trade deficit with the world just announced. Compliments of sleepy Joe Biden. I will change that. I think you're changing a lot right now for the worse. Donald Trump then posts the fake play the ref news in order to get a great divide between me and our great U.S. supreme Court. Heard me. This is what he posted last night. This at 8:06 West coast time. So right before about 11pm he was writing this heard me say last night loudly and openly as I was walking past the justices on the podium. Thank you to Chief Justice John Roberts. Like most people, I Don't watch fake news, CNN or Ms. Dnc, But I understand they are going crazy asking what it was that I was thanking Justice Roberts for. You didn't just said thank you. You said, I won't forget, but let's listen to your lie. He goes on and says, they never called me to ask, of course, but if they had, I would have told these sleazebag journalists. I would have told these sleaze bags that I thanked him for swearing me in on inauguration day. Mean when you never put your hand even on the bible and you claim to be a religious person and doing really good job in doing so, the fake news never quits. Oh, that's what you meant when you told Chief Justice Roberts won't forget, not that he was the author of the majority opinion in a case that gave you absolute immunity which you are now using to turn America into an authoritarian regime. I'll just play that clip of what happened at the joint session address. Play this clip.

[Howard Lutnick]

Thank you again.

[Ben Mycelius]

Thank you.

[Howard Lutnick]

So good.

[Ben Mycelius]

Well, this is going on to Donald Trump is emailing his supporters at 5:03am in the morning saying, I asked my team to flag your response. I need 3 million responses before midnight. Ben, I asked my team to flag your response. Did you vote for me in November? Please don't forget question number three. Finish the MAGA poll, respond to Trump. I look forward to reading your response tonight. And then when you click on asks for money and to give Donald Trump donations for his joint campaign committee even though he's not running for anything. And then here you have Howard Lutnick further attacking Canada and saying that even though the data shows that only 43 pounds of fentanyl were seized at the Canadian border, he goes, it's much more than that. Here, play this clip.

[Interview Host]

According to U.S. customs and Border Protection agents only seized 43 pounds of fentanyl at the Canadian border last year. So is that a metric? Do we want to see that go down to zero? How are you judging when they've done enough?

[Howard Lutnick]

Well, how funny is that, right? Like if I seize less, you know, does that mean like the stuff they haven't seized hasn't gone through?

[Ben Mycelius]

Other news to report. Donald Trump's administration is planning to revoke the temporary legal status for the 240,000 Ukrainians who fled the conflict with Russia. A senior Trump official and three sources familiar with the matter said told Reuters this means that the Ukrainians would be deported back to Ukraine. And then Musk's Doge terminated the lease at the Obama presidential library site and we are also learning this morning that there's a draft of a Trump executive order that will abolish the entire Department of Education. The Secretary of Education, Linda McMahon, would be directed to take all necessary steps to facilitate the full closure of the Department of Education. That's all that's happening this morning. We will keep you posted with more here on the Midas Touch Network. Hit subscribe. Let's get to 5 million subscribers. Can't get enough Midas? Check out the Midas plus substack for ad Free articles, reports, podcasts, daily recaps from Ron Filipkowski and more. Sign up for free [e-mail].

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