Trump FREAKS OUT over BEST ECONOMIC NEWS Yet

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The MeidasTouch Podcast 13 min 4 speakers 8 chapters transcribed 18 hours ago
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Why did Donald Trump and Fox News freak out over the latest jobs report?

Mat Nuclear 0:00
You know, I was wondering why when I woke up this morning that Donald Trump and Fox were throwing an absolute tantrum. And then I remembered it's Jobs Report Day. Of course, it is Jobs Report Friday, the first Friday of the month. And oh my gosh, the Jobs Report is through the roof. We are seeing record job growth, and Donald Trump and Fox are absolutely freaking out. My name is Brett Micellas here with the Touch network. I'm gonna break it all down for you first. Hit subscribe. We're on our way to 3.5 million subscribers. Now let's take a look at the headlines. This on the right-wing drudge report. Boom, job growth surges plus 254,000 jobs. Unemployment rate falls to 4.1%. Stocks rip higher. As Carl Kintania, a CNBC reporter, jokingly posts, hashtag failing nation.
Mat Nuclear 0:50
Hashtag nation in decline, mocking Trump right there. And here's some more details from us. The US economy added 254,000 jobs in September, smashing expectations after a jump from 159,000 in August. And by the way, both the July numbers and the August numbers were revised up. Unemployment dropped to 4.1%, wages are up 4% over the past year. And that is vastly outpacing inflation, which was at a 2.5% rate over the past year. As Anthony Scaramucci writes, who, by the way, used to work in the Trump administration, he wrote, the economy is booming and improving. Don't listen to the lies, stay the course. And he's a finance guy, by the way. And this graphic from the Center for American Progress is truly striking.
Mat Nuclear 1:38
16 million jobs have now. Been created under Biden Harris, but let's look at the bigger picture here.

What were the headline numbers in the September jobs report (jobs added, unemployment rate, wage growth)?

Mat Nuclear 1:43
51 million jobs have been added since 1989, and 50 million out of those 51 million were created under Democrats. 98% of the jobs that we've had since 1989 created under Democrats. Let this sink in for a second. Screenshot it, share it with all your friends. This is absolutely wild data. Data. So Donald Trump. Is of course freaking out, sending out deranged emails like this. My brother Ben signs up, by the way, to the newsletter so that you don't have to. He writes, I am Donald Trump. The MAGA revolution will not be televised. Like this is all very strange, right? He goes, Democrats think we're finished, but I need your response to show them the MAGA revolution is just getting started. Started. With your support at this very critical moment, we will demolish the deep state and take back our country from the corrupt ruling class.
Mat Nuclear 2:38
But that can't happen without you, Ben. Eh, not so sure about that. This next one, of course, the Grift comes on. Hat from Trump, Rise and Shine. Ben, I've got a gift for you. Ben, I just released a brand new orange MAGA hat. This is the hat I would have worn if they threw Threw me in jail. This is a symbol of the MAGA movement's resolve to never surrender, and it is a MAGA hat designed to match a jumpsuit. Well, yeah, at least he's preparing for the future. I'll give him that. Donald J. Trump says, open me.

How does the episode explain the market’s mixed reaction to the strong jobs data?

Mat Nuclear 3:08
Please stop everything you're doing. Ben, Kamala Harris is bought and paid for by Hollywood elites and liberal billionaires. But my campaign is all about real patriots like you. That's why I'm bypassing. The fake news at tomorrow's town hall and taking my message straight to the American people. And you just see like a flurry of deranged emails from Donald Trump, want a signed MAGA poster, a hat, open me. I need you to join my Trump Force 47. He always talks about the assassination attempts. I'm not supposed to be sending you this right now. An Assassin's Bullet almost stopped me. Then he's reposting Elon Musk on a social media platform and And it's uh kind of a little ironic, right? Uh right after he talks about liberal billionaires are trying to ruin me.
Mat Nuclear 3:50
He then hypes up Elon Musk, like a billionaire who owns a media entity who's trying to influence the election. And Elon Musk wrote, Trump Vance must win. I can't handle four years of seeing and hearing Kamala Walls. That would be cruel and unusual punishment. These people are the worst. And so, of course, with any good news for the United States. United States of America.

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