Demented Trump Has Most Shameful Day in U.S. History

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The MeidasTouch Podcast 14 min 7 speakers 1 chapter transcribed
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Ben Meiselas 0:00
So it's been a pretty solid honeymoon for Donald Trump, other than he added journalists to classified text message threads. He mistakenly deported legal migrants to concentration camps in El Salvador, and he's now tariffing the entire world, including remote Antarctic islands that are uninhabited by human beings, but inhabited by many penguins. Hat tip for Carl Quintanilla's post right there. There, as Roger Sherman writes, we simply had to intentionally destroy the world's strongest economy while dismantling our scientific and educational infrastructure to ensure that a team with a trans girl would never finish second place in the Mountain West volleyball standings ever again. As Jessica Rydell says, some voters got mad about people listing their pronouns.
Ben Meiselas 0:55
So now we're sending law abiding legal migrants to torture prisons and being hit with the largest middle class tax hike in at least 40 years. The American markets are crashing right now. Donald Trump is imploding the entire American economy. GDP is expected to contract now by as much as negative 3.8%. Whereas if Donald Trump did nothing eight weeks ago, the Atlanta Federal Reserve predicted 3.8% growth. Now it's negative 3.8% or 3.8% contraction because of what Donald Trump has been doing. Donald Trump's quote liberation day was an utter disaster. And as economists said, it was worse than anybody expected. When you take a look at all of the tariffs that Donald Trump imposed on On every country in the world, the average tariff is about 29%.
Ben Meiselas 2:03
That will cause devastation to world economies. It will cause devastation to the United States economy. As our editor-in-chief, Ron Filipkowski, wrote, it's comforting to know that our economy is now being driven by Howard Lutnick, a modern incarnation of the ShamWow guy, or really the modern incarnation channeling the ghost of Smoot and Hawley, rolled out by a frontman in orange makeup and high heels who bankrupted casinos. We're seeing memes like this, like Donald Trump being Salt Bae, but not Salt Bae. Economic destructive, I don't even want to say bae. And it ain't Liberation Day, it was Annihilation Day. The annihilation of America's economy, the annihilation of America's standing in the world, which Trump was withering away with Elon Musk and the wrecking ball that was Doge over the past 70 plus days.
Ben Meiselas 3:02
And then Donald Trump just grandstanded in front of the entire world and announced we're tariffing everybody with this stupid chart that he had. Again, where he even listed islands in like near Antarctica, Arctic islands that are just inhabited by penguins. But on a more serious note, attacking our allies, basically attacking Europe, the worst. I mean, going right after Europe and then some of our allies. enemies or adversaries kind of getting even some better deals than like Europe. None of these are good deals at all. And so now the question is, what is the further retaliation against the United States going to look like? But this is when Donald Trump brought out a chart to try to describe his tariffs. And I want to be clear that
Ben Meiselas 3:51
i need to fact check this crap donald trump's calling this reciprocal tariffs there's nothing reciprocal about what donald trump is doing like the tariffs that europe imposed against the u.s and that u.s imposed against europe before this both were about one percent so donald trump has made up a completely false formula i think using chat gpt i'll talk about that formula in a moment and then came up with fake numbers to justify his liberation day, which is really recession day, depression day, annihilation day. Watch this.
Donald Trump 4:28
Big charts because it had no chance of standing. Fortunately, we came armed with a little smaller chart. So it's 67%. So we're going to be charging a discounted reciprocal tariff of 34%. I think, in other words, they charge us, we charge them, we charge them less. So how can anybody be upset? They will be, because we never charge anybody anything. But now we're going to charge. European Union, they're very tough, very, very tough traders. You know, you think of European Union, very friendly. They rip us off. It's so sad to see. It's so pathetic. Thirty nine percent. We're going to charge them 20 percent. So we're charging them essentially half. Vietnam, great negotiators, great people. They like me. I like them. The problem is they charge us 90 percent.

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