Fox News Crashes on Air as Trump Faces Fatal Backlash
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What is the main topic discussed in this episode?
Once upon a time, there was a good shepherd who roamed the taiga meadow for all the forest inhabitants of the delicious Christmas farmhouse. It was offered if there was some kind of delicacy. It was rosolea, silakkaa, kinkkua, boxes, graavattua lohka and... Jaha. Joo, tämähän ei ollutkaan joulusatu. Tämähän olikin ostoslista. Ja se on pitkä. No, onneksi kaikki ainekset herkulliseen jouluun saat. S-Marketista. Joulu on ruokaa. S-Market.
Mitäs D-vitamiineja minun pitikää ostaa? Joku muistisääntö siinä oli. R niinku ravintolisä. H niinku hyvä. M niinku... Mikä se nyt oli? No justiisa se.
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State regime media, which calls itself Fox News, collapsing live on air. They have no clue how to save Donald Trump, who continues to plummet. Even in the Fox polls, Donald Trump is the least popular president in modern presidential history. Fox poll shows that Donald Trump is in full death spiral mode right now. Let me show you what they're trying to do, right? On the one hand, they have people like Larry Kudlow, a host on Fox Business, and I put business in quotes. saying, I think affordability is just like such an overrated issue. It's like so overrated. Here, play this clip.
There are issues on some of these prices, although I think affordability is greatly overrated.
But on the other hand, they have hosts who talk about how the unemployment rate going up to 4.44%, based on the September unemployment figures is really bad, like bad, bad. And it's gonna get much worse when we get October's numbers. Here, play this clip.
The unemployment rate going up to what is a cycle high of 4.44% if you look at the full number. And it's not good news. Because if you look at, these are people entering the workforce, yeah, not so much. The way that the Bureau of Labor Statistics calculates this, they interpret the numbers as follows. They use a Census Bureau population estimate to inflate the survey sample size to the US population size. So the number that they're using the census number they're using for population growth is based on a comprehensive population update that was done at the end of last year. Chris Lowe, the economist, adjusted for known border crossings and deportations now under President Trump. The actual numbers likely show that half that number that was used in this calculation is
reflected half that much labor force growth. So cut that labor force growth number in half, that is near zero employment growth in the household survey used to calculate the unemployment rate. So the unemployment rate based, and so an unemployment rate that is still 4.44%, that is the ratio in the sample. So if you adjust the calculation, it's not because of good news.
So you see, they're not really sure how to position Donald Trump's crash right now. So they go back and forth. So then they got to bring on Treasury Secretary Scott Besant and this arrogant guy who lived in like a pink replica of Barbie's Malibu mansion.
How does MeidasTouch describe Fox News' on-air collapse over Trump?
I kid you not. In Charleston, South Carolina, it was like literally the replica, like $22 million. This guy's like basically a billionaire. And here's what he had to say. He's like, you know what? The real issue here was the Schumer shutdown. The Schumer shutdown made things worse. And now we're going to see the GDP for the fourth quarter be really bad. Here, play this clip.
And is this why the Fed is sending signals to the market that they may not be lowering interest rates, which seemed to be what took the market in part down at the latter part of the day?
Laura, I think there are a lot of signals coming from the Fed, and some of them are very confusing. They said that they don't have data, and traditionally, if you don't have data, if you're flying blind, they've cut twice, and they said that they're insurance cuts, so I would have thought that they would want to take out a third cut, more and more insurance. And also, we know that under the Schumer shutdown that the economy got worse. So, you know, I would believe that the Fed should be looking at the data and thinking things could
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Chapters
5 chapters
1
What is the main topic discussed in this episode?
0:00–3:44
2
How does MeidasTouch describe Fox News' on-air collapse over Trump?
3:44–5:35
3
What contradictions appear in Fox hosts' messaging about affordability and unemployment?
5:35–10:04
4
How do BLS population adjustments affect the reported 4.44% unemployment rate?
10:04–16:27
5
What messaging did Treasury Secretary Scott Besson give about the economy and the 'Schumer shutdown'?
16:27–20:09
Speakers
6 identifiedMore from The MeidasTouch Podcast
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