MeidasTouch host Ben Meiselas reports on Donald Trump’s erratic behavior destroying America and Meiselas speaks with Democratic Congressman Dan Goldman about what he’s doing to fight back. Visit https://meidasplus.com for more! Remember to subscribe to ALL the MeidasTouch Network Podcasts: MeidasTouch: https://www.meidastouch.com/tag/meidastouch-podcast Legal AF: https://www.meidastouch.com/tag/legal-af MissTrial: https://meidasnews.com/tag/miss-trial The PoliticsGirl Podcast: https://www.meidastouch.com/tag/the-politicsgirl-podcast The Influence Continuum: https://www.meidastouch.com/tag/the-influence-continuum-with-dr-steven-hassan Mea Culpa with Michael Cohen: https://www.meidastouch.com/tag/mea-culpa-with-michael-cohen The Weekend Show: https://www.meidastouch.com/tag/the-weekend-show Burn the Boats: https://www.meidastouch.com/tag/burn-the-boats Majority 54: https://www.meidastouch.com/tag/majority-54 Political Beatdown: https://www.meidastouch.com/tag/political-beatdown On Democracy with FP Wellman: https://www.meidastouch.com/tag/on-democracy-with-fpwellman Uncovered: https://www.meidastouch.com/tag/maga-uncovered Coalition of the Sane: https://meidasnews.com/tag/coalition-of-the-sane Learn more about your ad choices. Visit megaphone.fm/adchoices
Full Episode
The end of last week, the University of Michigan reported the kind of worst data it had on inflation expectations since 1993. In addition, consumer sentiments, the worst since 2022. The big news from this data was not inflation expectations by itself, but also if you look at what people are saying about the jobs market, the expected change in unemployment is the worst.
Since the 2008 recession, Donald Trump had his surrogates on at the end of last week. The first clip I'm going to show you, though, is from Howard Lutnick, Trump's Commerce Secretary. And here's what he has to say about the Federal Reserve's prediction of a 2.4% contraction. Let's play that one first, then.
We've seen worries about growth. I know you said you're not expecting a recession, but investors are on edge over the possibility of a recession this year after the Atlanta Federal Reserve said that it's predicting a 2.4 percent contraction in the first quarter. And of course, President Trump would not.
Wait, wait, wait. Say that again. A what?
The Atlanta Federal Reserve.
Contraction. Correct. Correct. First quarter. Right here. Right here. Right now. Right here. Right now. That is ridiculous.
Right here. Right now. I have Democratic Congress member Dan Goldman. What are you what are you what's your reaction to that? What are you hearing from your constituents, Congressman?
Oh, look, everybody's very scared. Not only is everybody scared, the uncertainty, the haphazard way, the whiplash creates a tremendous fear. And so even if the economy itself is actually better than one fears, the uncertainty drives companies to be conservative and either certainly not hire, maybe freeze, spend less money.
And so what this whiplash with the tariffs has done is it's not only clearly driven up prices and is going to drive up prices, But it has spooked the American economy because there's no clear strategy here. It is purely Donald Trump's whims and latest gut feeling. And a lot of times just his tough guy routine where he needs to win the battle of wills. And so I think it's got everyone very scared.
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