Fox News in Full Collapse over Trump Surrender!!!
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Why is Fox News considered to be in full collapse?
State regime media, which calls itself Fox News, is in full collapse after Donald Trump's surrender to Iran, after Fox propagandists like Jesse Waters and Laura Ingraham had been telling their viewers Donald Trump's never going to back down. Donald Trump will never do a deal like Obama's JCPOA. Now that Donald Trump is doing a much weaker deal than Obama's JCPOA, Jesse Waters and other Fox propagandists are trying to justify this to their viewers. And they're saying this is exactly what we want to do. Of course, we're going to have to just unfreeze funds and give it to the Iranians. That's very different than what Obama did. No, it isn't. And in fact, Donald Trump's going to unfreeze more funds and have less controls than former President Obama did.
Watch Jesse Waters right here as he completely loses it on live TV. Let's play this clip. The only thing is, is that you're going to have to unlock some money. Now, it's not like sending pallets of cash over there like Obama did. It's basically just unfreezing some of their accounts. But that's like peanuts compared to the hundreds of billions of dollars that they've lost because of the sanctions, the blockade, the war. It's absolutely crippled them. So I bet a lot of these guys, they unfreeze the accounts. I bet they fly to Beijing or fly to... Vlad's neighborhood and just hang out with the mistresses because it's not a safe place to be. It's not a good place to be in Tehran after all this. Then state regime media, which calls itself Fox, brings in Donald Trump's national economic advisor, Kevin Hassett, who says actually consumer sentiment has never been better right now.
What are the implications of Trump's deal compared to Obama's JCPOA?
People are so happy with the war. They're so happy with the way things are going at home. No, consumer sentiment is at a historic low, actually the worst since the University of Michigan consumer sentiment poll had been created in 1952. Watch Kevin Hassett pathetically lie. Here, play this clip.
That is good to see where specifically the jobs and the and the build out is happening. But I mean, is that going to lead us to six percent growth? I mean, Kevin, the last time you and I spoke, you told me that you were expecting GDP growth to go four or five. And then you said north of six percent later this year, once the Iran conflict wraps up. Are you still expecting them? And how do you get to north of six percent?
Well, I can tell you that if you say... And right now, even Economist magazine, everybody's writing stories about the productivity miracle. We're seeing productivity numbers unlike anything we've seen before. That gets you about 2.5% growth, and that's probably under-measured, before you have more inputs, before you have more capital or more labor. And so then the question is, how much extra growth are you going to get from building factories? Well, that's actually really... Clearly in the data, we just had March that was one of the best months ever for capital goods orders. And so if you get, say, one and a half percent out of that, then you're starting even before you get labor's contribution to growth at four.
And, you know, I think there's been a little bit of pent up demand because of uncertainty. You see that, for example, when people are worried about energy prices, one of the places that you see it is that they hold up buying a new car. because they're not sure whether they want to get the truck that's their dream car but has low miles per gallon or whether they need to get like the Prius or a hybrid that has high miles per gallon. They're really worried about the cost of gasoline. And what happens is that purchases of automobiles drop a lot when that happens. And we're seeing that in the data right now. But imagine if this is resolved, people have clarity, they make the decision based on what's best for them.
All that kind of pent up demand is going to be layered on top of the numbers that I talked about. So I really do think you could see a quarter like that. And it's not unprecedented. The last time we saw an economy that looked like this was in the 90s, when all of a sudden the Internet was changing everything.
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Chapters
6 chapters
1
Why is Fox News considered to be in full collapse?
0:00–1:51
2
What are the implications of Trump's deal compared to Obama's JCPOA?
1:51–4:20
3
How does Jesse Waters justify Trump's actions on live TV?
4:20–7:07
4
What is the current state of consumer sentiment according to Fox News?
7:07–8:31
5
How does the interview with Kevin Hassett reflect on economic growth expectations?
8:31–19:13
6
What are the criticisms surrounding Trump's tariffs and their impact?
19:13–24:54