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Political Commentator
This is what a deeply insecure, pathetic, malignant narcissist looks like. Donald Trump in the Oval Office. He's been spending the whole week after spending the weekend golfing on the taxpayer dime, spending the week with sports teams. Like yesterday he was with the Naval Academy football team. Donald Trump was holding a football. Didn't say United States of America on it in big bold letters it said Donald J. Trump. And he's posting videos of himself holding the football as he's crashing the economy. As most CEOs think we're heading into a recession as all of the signs of stagflation crashing, GDP surging inflation are taking shape now as the latest New York Fed survey on manufacturing shows, everything is down other than prices. And of course it was announced last night that Hong Kong was shutting down its postal service to the United States to inflict more pain as they continue to outmaneuver Donald Trump in the trade war that Donald Trump started. It should also be noted as well that China announced in the first quarter about a 5.4% GDP growth as they prepared for Donald Trump's actions. It should also be noted, and this is being underreported, that as Donald Trump was taking those photos with the footballs to make himself look like a tough guy. Donald Trump banned all wire services from being in the press corps because a Trump appointed judge in D.C. federal Judge McFadden ordered that Donald Trump was to return the Associated Press to the press corps into the Oval Office unless there was some non discriminatory reason for not allowing the Associated Press because Trump didn't allow the AP because they refer to the Gulf of Mexico as the Gulf of Mexico and not the Gulf of America. Donald Trump said, okay, I'll come up with a non discriminatory reason. I'm banning all wire services. So no more wire services getting their news. You just get pathetic right wing podcasters now basically leading the quote unquote press in the White House. And then some other corporate news that is apparently okay with enabling this behavior and asking Donald Trump some of the most pathetic questions that I've seen talking about pathetic. Donald Trump is also sending emails like this to his supporters, trying to cling on to support. Remember yesterday I showed you Donald Trump saying the new poll showing that we are surging with MAGA and MAGA surging. It was like 36% of voters identify as MAGA. Yeah, Donald, that means 64% of America is against you. Your approval is plummeting. It's in the toilet, it's swirl swirling the drain with the rest of the MAGA Republicans because it just pathetic crap like this, right? As mortgage rates are now at 7.5%, as the bond market continues to be chaotic, as the stock market continues to be as volatile as it's frankly ever been before. As I told you, the manufacturing New York Fed survey shows that um, the expectations in manufacturing are lower than it's ever been since 9 11. Donald Trump's posting things like this. You just won. Congratulations. Did I spell Ben correctly? Memo from Trump. Today's the tax filing day. Then Donald Trump's like before my mid month deadline today, can you chip in and accept your trump card? All you gotta do is gimme some money, accept your award right here. Or here's the other one. I know you hate getting reminders about tax day. He uses tax day to send this email to give him money on tax day. I'm fighting to eliminate unfair taxes like tax on Social Security, tax on tips, tax on overtime. You two bit piece of trash scam artist. Donald. Okay, I haven't seen that in the legislation and already what we're approaching 100 days. Housing is far less affordable. Prices are higher, goods and products less affordable. China's shutting down their entire market right now to the United States. There's no peace in Ukraine in 24 hours. And as Yardini says, the latest batch of soft data is consistent with stagflation. So as China's economy seems to be doing pretty good, as Europe's economy is figuring out how to navigate, as Canada, Europe, Australia, China, South Korea, Vietnam, Southeast Asia in general, as they're cutting deals, you have isolated the United States to look like some weirder version of North Korea meets the worst season of the Apprentice, yardini writes. The latest batch of soft data is consistent with stagflation scenarios in the US the soft data is likely signs of hard data during the second half of this year. Trump tariff turmoil, T T T as they're calling it. We've also learned some additional data from leaks about Musk and Trump and Doge. One of the things that Doge has been trying to do is put Doge people to sneak into certain nonprofits and to kind of gut it from within and to take information from within. The Washington Post reports Doge sought to assign a team to independent nonprofit groups to try to take their data. Also, a whistleblower is reporting that Musk's doge stole 10 gigabytes of union data, legal files, and corporate secrets, then try to cover it up. Is this a shocker to you, by the way, that this is going on? The ultimate karma that Elon Musk is getting as Donald Trump is imposing all these tariffs on China? It's absolutely destroyed Tesla's plans for expansion, assuming Tesla was ever even going to follow through on those plans. And it wasn't just something they were saying to pump the market. Can I show you the difference about what's going on in the ground right now? You have Senator Bernie Sanders and AOC going into red states, red cities and counties in blue states, but going into red areas, which she was in Nampa, Idaho, Salt Lake City, Utah, in California yesterday. She was in Bakersfield. She was in Folsom, California. Here she is in Folsom saying, hey, they said this was Trump country. I don't look like Trump country to me right now. Play this clip of AOC yesterday.
AOC (Alexandria Ocasio-Cortez)
Ahira, thank you. Thank you. Thank you. Thank you all so much. You know, I heard that they were that someone started flying a plane with a banner that said, this is Trump Country. It sure don't look like it today. I don't think this is Trump Country. I Think this is our country.
Political Commentator
Now, the contrast between AOC and Marjorie Taylor Greene. Yesterday, when she was in her district, she was reading questions because she was too scared to take questions live. So she was reading questions that were being submitted live. And here's what happened. Let's play the clip.
Press Secretary
Why are you such a coward in the face of an obvious fascist takeover, Andrew?
Flower Company Representative
Whoa. Scary.
Political Commentator
Should also be noted that a lot of the die hard magas are really that Trump's deportation numbers are low, lower than Biden. So I just want to give you some data points. So Trump has deported less people than Biden. Biden focused on people with actual criminal records and doing it the right way, whereas Donald Trump is. What's the latest? That 90% of the people in El Salvador did not have criminal records, up from 75%. Trump makes these just like Trump in life. He's a scam artist, he's a fraud, he's a felon, he's a sexual abuser. Right. Found liable for fraud. He's a criminal. Um, so Donald Trump makes the big splashy. Look what I'm doing. I'm torturing people. Look at the torture. El Salvador torture. Well, your underlying deportation numbers are actually less than Biden and far less than former President O. Biden. Oh, Biden, Obama, as Anthony Sabatini says, who's a Trump guy. The deportation numbers are very, very, very, very, very, very bad. Almost no one is being deported, so the people who he is, he's torturing. But the numbers are actually lower when it comes to the actual criminals. Also, federal spending is up with all of the things that Doge did. Elon Musk saying, at most we can do 150 billion in cuts, but it seems closer to 25 or 30 million in cuts. But there's going to be far more government waste now because of all the screw ups by Doge and Trump. So federal spending is significantly higher right now than it was under Biden. So just think about those, those data points. So no wonder Trump and MAGA is underwater in basically every poll right now. And Democrats are polling better. And finally Democrats are fighting, which is a good thing. All right, let me give you some more data points as well. Donald Trump's press secretary, chief propagandist Caroline Levitt, begging, begging. China, can you please call Donald? He's waiting for your call. I'm reading this directly from Donald. Can you please call him? Here, watch this.
Press Secretary
The President has made his position on China quite clear. Although I do have an additional statement that he just shared with me in the Oval Office. The ball is in China's court. China needs to make a deal with us. We don't have to make a deal with them. There's no difference between China and any other country, except they are much larger. And China wants what we have, what every country wants, what we have, the American consumer. Or to put it another way, they need our money. So the president again has made it quite clear that he's open to a deal with China, but China needs to make a deal with the United States of America.
Political Commentator
And here's Caroline Levitt once again doing the shtick where she attacks Canada, threatens their sovereignty, and says that Trump wants to invade Canada and make it the 51st state. Play this clip.
Press Secretary
Sure.
Canadian Journalist
On tariffs yesterday in the Oval Office.
Press Secretary
Which outlet are you with?
Canadian Journalist
The Canadian public broadcast.
Press Secretary
Nice to see you.
Canadian Journalist
Thank you. Yesterday in the Oval Office, President Trump suggested that there could be some help for automakers. I'm wondering what that looks like. Is it terraforming relief on the 25% tariffs that are in place right now, or the new tariffs that are coming up in May on auto parts? And a second on Canada, if I may, President Trump's tone when it comes to Canada, U.S. relations. Canadians have noticed it's shifted a bit in the past few weeks, ever since the election campaign started. He stopped talking about Canada becoming the 51st state, at least publicly. I'm wondering if that's on purpose and.
Press Secretary
Why I would reject. The president's position on Canada has shifted. Perhaps he just hasn't been asked about Canada by questions from this group in the Oval Office when they see him almost every day. But the president still maintains his position on Canada. The United States has been subsidizing Canada's national defense, and he believes that Canadians would benefit greatly from becoming the 51st state of the United States of America.
Political Commentator
As you know, Donald Trump has a very interesting view on sovereignty now, doesn't he? Right. He wants to attack, annex, conquer Canada and make it the 51st state, which he repeats over and over again. But when it comes to naive Bukele of El Salvador, he respects Bukele, and he goes, well, because of this sovereignty, I can't take back a migrant to our United States. Supreme Court ordered that I take back. But let me get this straight, Donald. You've cut other deals with Bukele to bring people back. Bukele sent 15 people back already. We extradite people to the United States all the time who are actually violent criminals. This individual, Abrego Garcia, no criminal record at all. He's been here since he was 16. He's married to an American woman. They have three kids who are American citizens. This is the fight that you're picking. Now even right wing writers like Rich Lowry from the New York Post, this guy bashed Biden over and over again. Biden's the worst. Biden's the worst. Biden's the worst. Trump character. Trump character. That's what this guy said during the campaign for the National Review. And he wrote op eds flight, the Times also. He goes, this was his article. Trump will destroy a world economy that has us at the apex and only getting stronger. So let me get this straight. So if we were at the apex, right? Apex means the top. You know who helped get us there? Biden. You know who's destroying it? Based on your headline, Trump. Think about it. 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.
The MeidasTouch Podcast Summary: "Trump Has Meltdown as His Plans All Blow Up"
Release Date: April 16, 2025
In the episode titled "Trump Has Meltdown as His Plans All Blow Up," the Meiselas brothers—Ben, Brett, and Jordy—delve deep into the tumultuous political landscape shaped by former President Donald Trump’s recent actions and their broader implications on the U.S. economy and international relations. The discussion is a blend of sharp political analysis, humor, and brotherly banter, characteristic of the MeidasTouch Podcast.
The episode opens with a critical examination of Donald Trump's behavior and media strategy. The Meiselas brothers highlight Trump's attempts to portray himself as a resilient leader amidst economic downturns.
Quote:
"This is what a deeply insecure, pathetic, malignant narcissist looks like. Donald Trump in the Oval Office." [01:30]
The brothers discuss Trump's decision to ban all wire services from the press corps, limiting reliable news sources and allowing right-wing podcasters to dominate the White House narrative.
Quote:
"Donald Trump banned all wire services from being in the press corps because a Trump appointed judge... ordered that unless there was some non discriminatory reason, he had to allow the Associated Press back. So he banned all wire services." [03:15]
A significant portion of the discussion focuses on the current economic indicators suggesting stagflation—a combination of stagnant economic growth and high inflation. The brothers cite the New York Fed’s survey, which reveals declining manufacturing activity and rising prices.
Quote:
"The latest New York Fed survey on manufacturing shows everything is down other than prices, indicating signs of stagflation." [04:45]
They emphasize how these economic hardships are exacerbated by Trump's policies, including trade wars and tariffs that have strained relationships with key international partners like China.
The podcast delves into the deteriorating trade relations between the U.S. and China. Trump's tariffs have not only hindered U.S. economic growth but also led to retaliatory measures from China, impacting global markets.
Quote:
"China announced a 5.4% GDP growth in the first quarter as they prepared for Trump’s trade war, further isolating the U.S. in the global economy." [06:20]
The brothers criticize Trump for his aggressive stance, arguing it has damaged America's standing and economic prospects worldwide.
The conversation shifts to internal politics, contrasting Alexandria Ocasio-Cortez (AOC) and Marjorie Taylor Greene’s approaches and impacts.
Quote:
"AOC is rallying in what she calls 'our country,' challenging the notion of 'Trump Country,' while Marjorie Taylor Greene avoids live questions, reading pre-submitted ones instead." [08:12]
This segment highlights the polarization within political factions and the differing strategies of Democratic and Republican leaders.
A critical analysis of Trump's immigration policies reveals that his administration deported fewer individuals than Biden's, contradicting his claims of tough immigration enforcement.
Quote:
"Trump has deported fewer people with criminal records than Biden, undermining his narrative of stringent immigration control." [10:05]
The brothers argue that Trump's rhetoric does not align with the actual data, portraying his policies as ineffective and misrepresented.
The discussion turns to federal spending, highlighting increased expenditures due to policies implemented by Trump and other mismanagements.
Quote:
"Federal spending is significantly higher now than under Biden, largely due to the missteps by Doge and Trump." [10:50]
They discuss the implications of this increased spending on the national debt and economic stability.
The brothers explore recent controversies involving Elon Musk and the use of Dogecoin to infiltrate nonprofit organizations and steal sensitive data.
Quote:
"Whistleblowers report that Musk's Doge team stole 10 gigabytes of union data and corporate secrets, trying to cover it up." [07:30]
This segment underscores the intersection of cryptocurrency and corporate misconduct, raising concerns about data security and ethical practices.
The podcast examines Trump's inconsistent stance on international sovereignty, particularly his contradictory approaches to Canada and El Salvador.
Quote:
"Trump wants to annex Canada as the 51st state while respecting Bukele’s sovereignty in El Salvador, showing his unpredictable foreign policy." [12:03]
The brothers critique Trump's foreign policy maneuvers as inconsistent and detrimental to international alliances.
Finally, the brothers discuss current polling trends indicating a decline in Trump and MAGA support, juxtaposed with rising Democratic approval.
Quote:
"64% of America is against Trump, with his approval plummeting and Democrats polling better." [10:20]
They attribute this shift to the tangible impacts of Trump's policies and the effective counter-narratives presented by Democratic leaders.
The Meiselas brothers conclude that Trump's strategies are backfiring, leading to economic instability, weakened international relations, and declining public support. They advocate for a return to policies that support democracy and economic resilience, encouraging listeners to stay informed and engaged.
Quote:
"Democrats are fighting, which is a good thing, while Trump and MAGA are underwater in every poll right now." [13:04]
The episode is a comprehensive analysis of the current political and economic climate, providing listeners with a nuanced understanding of the challenges facing the United States under Trump's continuing influence.
Join the MeidasTouch Network:
For more in-depth discussions, comedic insights, and political analysis, tune into new episodes every Tuesday and Friday morning, and catch live video streams every Monday and Thursday night at 8 PM ET/5 PM PT on the MeidasTouch YouTube channel.