Episode 4804: Looming Government Shutdown Can Lead To More Layoffs And Resurrection Of The Left's Bloody Legacy
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What are the implications of James Comey's potential indictment?
Former FBI director and outspoken Trump critic James Comey is expected to be indicted by the Department of Justice in the coming days. At this point, it's not even clear what Comey would be charged with. Sources tell MSNBC that one component may be an allegation of lying to Congress almost exactly five years ago during testimony about whether he authorized a leak. And that five-year anniversary is actually quite important here. Comey's congressional testimony at issue was September 30th, 2020, as you see given there remotely, which means that the five-year statute of limitations expires next Tuesday, September 30th, 2020. If this Department of Justice, the Trump Department of Justice, wants to charge Comey with this dubious crime, well, it needs to do so before then.
Both Comey's lawyer and spokesperson for the U.S. Attorney's Office declined comment to MSNBC, but this looks on its face like wildly blatant abuse of the justice system, certainly far exceeding anything that we have ever seen since Watergate, at least. It's the culmination of an explicit in the open effort to use the Department of Justice to persecute and prosecute Trump's political opponents and perceive them a zombie democracy. And it's there's so many parallels. We talk about this. It's like Hungary. And again, Donald Trump told us, I love Orban. He's a strong man. We need a leader like Orban. Well, looks like we might get one. Yeah, if you're waiting for goose-stepping stormtroopers to go marching down Constitution Avenue, I don't think that that's likely to happen.
If you're looking for millions of people to be chanting his name, it doesn't happen. As I wrote, people leave his rallies early. when they get bored. No one left the Nuremberg rallies early. So it's not the parallel to look for. The parallel is today. It's in Hungary. It's in Venezuela. It's in Turkey. It's in India. It's democracies that erode, that don't collapse overnight, that erode. And what happens is, one by one, the checks on the leader's power disappear or fold congress becomes a rubber stamp that's happening the civil service has turned into a legion of toadies now on the gdp side this is our third time around the block on q2 and we see a really solid revision 3.8 percent i'm a bit shocked to be honest
Usually the revisions as you get to second and third become smaller and smaller. So 3.8% would be the best quarter going back to, and we have to go back a ways here, to 4.4, and that was the third quarter of 23. Now, it is important to point out that if you look at the first quarter final, down half a percent, there's a balance there. But the balance is moving in favor and momentum is moving in favor for better growth. I think, you know, one thing that stands out to me as someone who is not as close to these types of issues as the two of you is with Trump so often, right, like the chaos is the point. So he can publicly name and publicly shame and point fingers and get on X and post whatever he wants.
It's incredibly difficult for the average American to keep up with, OK, this guy's in, this guy's out, this guy's indicted. Comey, what did he do again? Right. It's it all sort of collides together into this giant ball of chaos where what's happening is ultimately despicable. But the average American, I think, has a very difficult time even discerning what Trump is up to here. Kevin, how would you assess the macro story today?
Right. Well, the macro story right now is, first of all, that inflation has dropped sharply since President Trump took office. Growth has been very high. We've got industrial production at an all-time high, capital spending up 8% so far this year. Mortgage rates are down in part because of the tariff revenues, down by about 70 basis points. So the typical new home buyer right now is saving $250 a month because of the lower interest rates because of these policies. And the thing, when we go back and talk about the disappointing Fed policies that the president's talked about, you know, one of the things that I've found odd, and Governor Myron has been talking about it, is that economic theorists know that if tariffs have any effect on prices, that it'll be a one-time adjustment, not an increase in inflation.
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Chapters
8 chapters
1
What are the implications of James Comey's potential indictment?
0:00–5:45
2
How does the looming government shutdown affect federal employment?
5:45–10:47
3
What parallels are drawn between current events and historical authoritarianism?
10:47–15:33
4
How is the economy performing under current fiscal policies?
15:33–20:13
5
What are the potential consequences of mass layoffs in government?
20:13–25:38
6
How do recent economic indicators reflect on Trump's policies?
25:38–29:22
7
What is the significance of the H-1B visa program in the current political climate?
29:22–33:33
8
What strategies are proposed to combat left-wing political violence?
33:33–54:08
Speakers
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