Iran backlash grows as they’re feeling around in the dark
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What is the main topic discussed in this episode?
Today on the show, a telling snapshot of where things stand when even Fox News guests are starting to say out loud, the economy appears to be heading towards a recession under Donald Trump.
What warning does Leon Cooperman give about the economy?
This is a big problem when your whole brand is I fix the economy. We're also going to look at a really rough speech from Trump where frankly it's getting harder and harder to even follow what he's trying to say, nevermind what he is saying. And then a truly bizarre performance from white house press secretary Caroline Leavitt, which explodes in an impenetrable word salad when asked a really simple question about who who has the power to go to war and when and what is actually happening. And then in a story that really goes beyond politics into something very dark happening in Christian nationalism. James Tallarico is back in the news when Pete Hegseth, spiritual adviser, says he wants Tallarico dead.
We will discuss it as well as yet another truth social meltdown about the filibuster.
How does Donald Trump's speech confuse GOP members?
Republicans are starting to plan their exit as we approach 26 and ultimately 28. All of it and more today. Why don't we do it?
You know, when you turn on Fox News and even the friendly guests are saying that Donald Trump's economy is barreling towards a recession, you know, things are not going particularly well. I'm talking about billionaire investor Leon Cooperman, who went on Fox News just hours ago and said very plainly and very calmly and very simply. I believe we are heading towards a recession. Let's take a look at the video. You will see the reaction from MAGA host Maria Bartiromo. And then I want to have a broader, broader conversation about this economy. And I apologize, this is not Maria Bartiromo, this is Liz Klayman.
A couple of the indices, I mean, the Russell's already in correction territory, and the Nasdaq was very close to recession, to, I'm sorry, to correction territory. Has the market not come down enough?
What controversial defense does Karoline Leavitt give regarding Trump?
Have valuations of stocks not come down enough? And do you think that there's going to be some trigger where we see another leg down?
I'm betting on that, yes. I think that we're heading towards the likelihood of a recession, and that's what ended the bubble of 1982. The oil price was increased tenfold by the Arabs, and that pushes into recession. The technology bubble of 2000 ended when we got into a recession in 2001, 2002. And so I think we're heading towards a recession and it could happen late this year or next year.
Well, that must be, I don't know, like a Twitter economist, you know, like the Twitter epidemiologists from the COVID era. Right.
What incident involves Pete Hegseth's pastor and James Talarico?
It's just someone on Twitter. Wrong. Well, OK, but it must be like an MSNBC contributor. No, it's not an MSNBC contributor. It must be a communist, anarchist, socialist market. No, it's not that either. This is multibillionaire investor Leon Cooperman, who says we are barreling towards a recession under Donald Trump. Now, that brings me great pain. I know that every time this comes up, I get emails.
What insights does Senator Tammy Baldwin provide about Trump's actions?
David, you looked gleeful as you were seeing the billionaire predict the recession. It would be forget about the fact that I care about other people, which I know is a foreign concept in politics. I do care about other people. I also care about myself. And as I am invested in the market, broadly speaking, not about individual stocks, but just broadly, you think I want to see a decline in the stock market? Uh, such that my own mutual funds and all of it and index funds are just going to go down in value. Of course not. Of course I don't want to see that. What I am fascinated by is how people keep falling for the idea that Donald Trump is a good steward of the economy. because he what I mean, at the end of the day, what did Trump really do?
He's a good businessman.
What erratic posts does Trump make on Truth Social?
If he had just taken his inheritance and put it in index funds, he'd be wealthier than he is after doing all of the business things that he has done. So that's my personal view. I take no joy in the future financial hardships that might affect me or anyone else. Now, putting that aside, this is a pretty significant political problem for Donald Trump because Trump has built his entire brand around the idea that he is the guy who fixes the economy.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–0:13
2
What warning does Leon Cooperman give about the economy?
0:13–1:02
3
How does Donald Trump's speech confuse GOP members?
1:02–2:13
4
What controversial defense does Karoline Leavitt give regarding Trump?
2:13–3:01
5
What incident involves Pete Hegseth's pastor and James Talarico?
3:01–3:31
6
What insights does Senator Tammy Baldwin provide about Trump's actions?
3:31–4:18
7
What erratic posts does Trump make on Truth Social?
4:18–4:51
8
How are Trump's allies responding to his Iran war strategy?
4:51–1:03:03
Speakers
7 identifiedMore from The David Pakman Show
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