Michael (4:01)

State and federal resources have just poured into that area. Is there anything more that can be done congressionally, legislatively to help these folks.

Sarah (4:08)

In a moment like this? We feel just as helpless as everyone else does. I've talked to my colleagues there in Texas, Chip Roy and August Pfluger, whose families, you know, that's Chip's district. August's daughters were at the camp. We also had Betty Carter of Georgia, had grandchildren there. It touches so many families. And all we know to do at this moment is pray. Every available resource has been deployed. The president, of course, is dialed in and watching this develop moment by moment as we are. And we'll handle supplemental funding requests as they come in. But right now they're still trying to do rescue and recovery and our hearts go out to all of them.

John (4:41)

How about you don't fire all of the scientists and the experts? Maybe we start with that. It's something how we tolerate that. They're getting rid of weather forecasting anyway. Here's MAGA Republican Senator John Cornyn from Texas saying that he has conflicting feelings about this. Conflicting feelings? What feelings could be conflicting? This is a unmitigated tragedy, a catastrophe. Here, play this clip.

Sarah (5:14)

This is so unfathomable.

John (5:17)

It's really hard to get your arms around this. You're a Texan.

Sarah (5:22)

You live there. These are your constituents. What are you hearing, seeing and feeling.

John (5:26)

In Texas this morning?

Sarah (5:30)

Well, it's a very sad time, but it's also a time when 850 plus campers were accounted for and recovered. I talked to a friend of mine.

John (5:42)

Who'S a former colleague of yours in.

Sarah (5:45)

The House of Representatives who had two daughters there and they had just gotten home late yesterday afternoon. And of course, they were traumatized by.

John (5:52)

The whole event, but they were just.

Sarah (5:54)

Beside themselves with joy that they had recovered their children.

John (5:58)

But tragically, as you point out, there.

Sarah (6:00)

Are 27 campers, these young girls still missing. And this was 100 year flood event.

John (6:07)

In an area that had been known to flood, but nothing like this, where.

Sarah (6:10)

The flood waters rose 26ft in about 45 minutes in the middle of the night. So a terrible tragedy. But thanks to President Trump and Secretary Noem, the federal disaster relief has been provided at the request of Governor Abbott. And it's just a time of very many conflicting feelings. But primarily we're very sad for those.

John (6:36)

Who'Ve lost their lives in the unaccounted for.

Sarah (6:39)

Governor Abbott has called today a day.

John (6:41)

Of prayer and we are still saying.

Sarah (6:44)

Our prayers here in Texas for those who grieving and those who are still unaccounted for.

John (6:50)

But you see what they're messaging over and over. This was a once in a generational thing. There's nothing we can do. It sounds exactly what they said with COVID Everyone said there's nothing we can do about anything. That's that seems to be the just pray. Just pray. Then you have MAGA Republican Kevin Hassett, the national economic adviser, and he's asked on Face the Nation. So you mentioned these tariff letters that are going to go out. Can you tell us what the tariff letters are? Because you all claim there was going to be 90 deals in 90 days. And now you're just sending letters to countries and telling them what their tariff is going. That's not a deal. And then Kevin Hassett's like, I can't tell you. Then why are you going on the TV show?

Sarah (7:35)

Why?

John (7:35)

If you can't talk about the things, why are you there? Oh, yes, dispute propaganda. Here, play this clip I mentioned those.

Michael (7:42)

Letters that will start going out tomorrow According to Trump, he said about 10 to 12 countries will receive them. Do you, can you tell us who's going to get one and what, what.

Sarah (7:53)

They say can't be because, because again, the part of the letter that could be happening, right, is that we're close to a deal. We're not really satisfied with the progress that we're making in the deal. And so we're saying, okay, fine, we're going to send a letter, but maybe you get a deal at the last minute, too. Until we see everything that plays out, I think that we need to just hold our fire and watch for the news this week.

Michael (8:15)

Is it fair to say that those notices are going to go to our smaller trading partners as you negotiate with our bigger ones?

Sarah (8:22)

I think that it could be that it'll be both. But also, don't forget that when we have great trade deals, our smaller trading partners could become much bigger trading partners. And that's, I think one of the reasons why countries are racing to set deals up with us ahead of the deadline.

Michael (8:34)

I have to.

John (8:35)

And MAGA Republican Congress member Jason Smith, he just goes up there and just lies and lies and lies and he goes, I guarantee you, I guarantee you that our growth rate's going to be above 3% and there's not going to be any debt that's at. We're not going, there's going to be no increase in our deficit. I promise you this. Here, play this clip.

Sarah (8:57)

You need to do more. The tax provisions that we put into this, this piece of legislation will create exponential growth. The Congressional Budget Office, Jason, scored growth at 1.8%. Growth over the last 50 years on average has been 2.7 to 2.8. I guarant you, Jason, you're hearing it today. I guarantee you that our growth rate will be above 3%. And if our growth rate is above 3%, this bill will actually cut the deficit by $600 billion.

John (9:33)

Don't all of these MAGA Republicans seem like the like people selling you scammy infomercials? Doesn't it seem like that's what they're doing? Anyway, here's MAGA Republican Treasury Secretary Scott Besant on Donald Trump publicly slamming the chairman of the Federal Reserve, Jerome Powell and Treasury Secretary Scott Bessant, who lots of people say that Donald Trump wants to make this guy something called a shadow Federal Reserve chairman while he's the treasury secretary. And as the shadow Federal Reserve chairman, he's going to announce what they say that Trump's getting ready to do. He will then announce that he's going to lower interest rates right away to what Donald Trump wants it to be like less than 1%, which the mere announcement of that going to happen would be inflationary. And here Besant, with that shit eating grin of his, you know, with that grin goes, well, you know, I like basketball and Bobby Knight, he liked to work the refs. So I think you work the refs. Referring to Donald Trump attacking the chairman of the Federal Reserve, Jerome Powell, as working the refs. Working the refs. Just let the chairman of the Federal Reserve do his job and be independent and look at the data. We're working. We're working the refs. Play this clip putting this.

Michael (10:58)

An early announcement could allow the chair in waiting to influence investor expectations about the likely path for rates. Like a backseat driver attempting to steer monetary policy before Powell's term ends, you have demurred on whether you would be the guy for that job. But what do you think is the impact of all of this, this public back and forth with the Fed chair?

Sarah (11:17)

Well, I'm a basketball fan and in basketball there are two schools of working the refs. There's the Bobby Knight school and the Dean Smith school. Obviously President Trump's more in the Bobby Knight school. And I will tell you, Bobby Knight won three national championships, Dean Smith only one, two. So working the rest seems to be effective.

Michael (11:36)

So there may be some chair throwing. Sorry, what you're saying there might be some chair throwing. Night school of how this is done.

Sarah (11:41)

That I think about this. There are good candidates already on the Fed board who for Fed chair and they make their opinions known at every meeting. So I don't find that disruptive at all.

Michael (11:57)

Okay, Mr. Secretary, great to have you with us.

John (11:59)

Thank you. And here Treasury Secretary Scott Besant is asked on Fox. So you know, our most recent polls show that 50% of Americans don't like these tariffs and they say the tariffs are going to hurt Americans and make things more expensive. Mind you, he's on Fox, he's seeing a Fox poll right here. And what's their response to everything? This is why you can't debate with these people. You can't have intelligent conversations with them because they just go, oh, that's Trump derangement syndrome. That's tds. That's tds. If you. What are you talking about? We know that tariffs are being passed on to consumers. If anybody threw a barbecue or had people over to your house or when shopping recently for the 4th or afterwards, things are more expensive. It's not TBS. We know things are more expensive. We're just trying to deal with the reality and grapple with with the reality here. Play this clip.

Michael (12:55)

Okay, so let's talk about some analyses on these tariffs from the AP. They see this at JPMorgan Chase Institute Analysis Analysis finds a critical group of U.S. employers would face a direct cost of $82.3 billion from President Donald Trump's current tariff plans. They go on to say the investment bank Goldman Sachs said in a report expects companies to pass 60% of their tariff costs on to consumers. Our most recent poll shows that 57% of Americans do think the tariffs are going to hurt the US Economy. So some of the experts, everyday Americans, they have real concerns about how this is going to cost them. What's your message to them?

Sarah (13:29)

Well, I think there's a lot of misinformation out there. I think TDS Trump Derangement Syndrome has turned into Tariff Derangement syndrome. As soon as you call them the Trump tariffs, 90% of Democrats hate them. And I'm going to have to disagree with Goldman Sachs and J.P. morgan. The empirical data shows that we have seen no inflation if your manhood feels.

John (13:53)

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Michael (18:03)

When you talk about these letters and you talk about kind of the 90 deals in 90 days, or at least the president did back in April, so far that we've seen three and they're not concrete deals the way that we're used to seeing trade deals, their frameworks. The president has a reputation, self described dealmaker. So why haven't we seen the kind of deals that he promised in the last 90 days?

Sarah (18:30)

Again, he didn't prompt promise this. And when we send out the hundred letters to these countries that will set their tariff rate. So we're going to have a hundred done in the next few days.

Michael (18:43)

And that's not a deal, that's a threat.

Sarah (18:46)

No, that's the level that, that's the deal. If you want to trade with the United States, this is, but that's not a negotiation.

Michael (18:53)

That's just a.

Sarah (18:54)

Well, many of these countries, many of these countries never even contacted us. So that's the thing.

John (19:00)

Here's another example of this where he goes, the Democratic Party blew out the deficit in 2020. Who was in office in 2020? Trump was in office in 2020. And Trump created more debt than any president. Like 25, 30% of all of our debt comes from Trump, if not more. It's the most debt ever during his first term. And now he's done basically that on steroids. But here he talks about the Democratic Party. Did it play this clip wanted to.

Sarah (19:30)

Cut through the red tape and not.

Michael (19:31)

Create more red tape. But I do want to move on because.

Sarah (19:34)

Well, no, no, no. But we've also wanted to put in work requirements, which somehow that was very popular under Bill Clinton, was popular under President Obama. And this Democratic Party blew out the deficit in 2020 and they never want to bring it back. But work requirements, even poll well with the median Democratic voter, maybe not the fringe.

Michael (19:58)

Let's talk about tariffs. President Trump gave.

John (20:01)

Here's another example where the truth and data matters. You have MAGA Republican Congress member Tim Burchett going on Fox and here he goes, look, Donald Trump tells me that in China they don't have any windmills. So why would we have windmills here? And they use Trump telling the MAGA Republicans that you don't see windmills in China as the reason that we've cut back and we're going to destroy wind energy and solar energy in the United States in favor coal, when in fact the reality is is that China has the highest wind power capacity in the world by far, two times more than like the rest of the world combined. But here's what Tim Burchett says. Play this clip.

Sarah (20:49)

Well, that's one thing that the CBO and any of the bean counters never really take into consideration, the incredible economic outlook for our country. I mean, can you imagine energy if we remove a lot of bureaucracy? Our Nuclear facilities take eight to 10, maybe 15 years to get to get online. You've got a new man at the EPA that's turning them over pretty quick. And we're going to. And people are talking about coal again, which I think is great. God, put it in the ground. Let's use it. Everybody across the world is using it and they're passing us by. And the president wants to get out of bed with stuff that doesn't matter, like solar and wind. You know, we haven't had a major discovery in Solar in over 20 years. And wind is very subjective and it's very expensive. And there's a reason, as President Trump told me, I believe it was Thursday, that, you know, there's no windmills in China, but 99% of them that are sold are made in China. So I think there's a lot of things in there that are going to happen. It's going to be great for this country. You're known as.

John (21:54)

And then finally, this seems like a quote directly out of 1984, where on face of the Nation, Kevin Hassett, Trump's national economic advisor, says, why is there such a difference between your projections and your numbers and every other organization that says that this is going to be the most fiscally irresponsible bill, a piece of legislation in American history? And Hassett goes, remember, science is not democracy. Truth is not democracy. What does that even mean, science is not democracy. Truth is not democracy. Just give us the truth. Play the clip.

Michael (22:33)

To the deficit. I know that you are so familiar with these numbers. The Yale Budget Lab estimates it will add 3 trillion to the debt. The Tax foundation says this tax portion of the bill could also add 3 trillion to the deficit. The Committee for a Responsible Federal Budget, which factors in interest on the debt, says it could add up to $5 trillion over the next decade. And on this very program, even Speaker Johnson answered in the affirmative when asked if this bill would add over $4 trillion to the deficit. I know that the administration says the bill will actually shrink the deficit by $1.5 trillion. Help me understand why there is such a drastic difference between your number and all those others.

Sarah (23:19)

Well, well, first of all, let's remember that science is not democracy. Truth is not democracy. Our estimates are based on modeling that we used last time when I was chairman of the Council of Economic Advisors to say what would happen if we had a bill, how much growth we would get. And we said, we were criticized soundly that we would get 3% growth. And we even had the really technical macroeconomic models that said that we would get 3% growth. We run the same models through this tax bill. It's even better. And what we're seeing is that if you get 3% growth again, then that's 4 trillion more in revenue than the CBO and these other bodies are giving us credit for. They have been wrong in the past and they're being wrong again in our belief. But the thing.

John (24:00)

And then finally, FOX had to make a correction because one of its guests said that Abrego Garcia murdered Americans and that was not true. Play the clip quickly. FOX News tonight would like to make a correction on a statement made by.

Sarah (24:15)

One of our guests last night. As Monica Page pointed out on her.

John (24:18)

X account shortly after her live appearance, she misspoke when she said that Kilmar Abrego Garcia had, quote, killed Americans.

Sarah (24:25)

He did not. Monica apologized.

John (24:28)

And we as well do at FOX News at night while Freed is. Well, there you have it, folks. By the time Fox makes that correction, it's like the damage has been done. I'm sure Abrego's lawyer sent Fox a letter demanding that that retraction be made and a public statement be made. Anyway, tell me what you think. Hit subscribe. Let's get to 6 million subscribers. Thanks for watching. The truth is more important than ever. Check out our new Truth over lies collection@store.midas touch.com all 100% USA union made.