Trump in World of Hell as All Plans Backfire
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What recent economic news is impacting Donald Trump?
It has been a terrible day for Donald Trump. Some horrific economic news this morning. January layoffs surge to a 17-year high. Job reports never have been this bad since the Great Recession right around 2009 when Lehman Brothers went bankrupt. U.S. employers announced 108,435 layoffs in January alone. That's up 205% from December and the highest January total since 2009. As economist Heather Long writes, the U.S. hiring recession shows
How are job layoffs affecting the U.S. economy?
shows no sign of ending job openings fell to 6.5 million in december and that is the lowest level since september 2020 the hiring rate remains anemic at 3.3 percent bottom line firms aren't even thinking about hiring right now a new fox poll that they just published shows that 72 percent of americans feel the economy is in poor or only fair condition that is not good at all And Donald Trump was at a national prayer breakfast this morning while all of this was taking place, ranting and raving like a maniac, saying everything is amazing and saying that the 2020 election was rigged. Here, play this clip.
And I said, you know, this is a really smart guy. If I ever get this thing, I didn't get it. It wasn't easy. You know, they rigged the second election. I had to win it. I had to win it. I needed it for my own ego. I would have had a bad ego for the rest of my life. Now I really have a big ego.
Beating these lunatics was incredible. Donald Trump was also saying that in his recent trip to Davos, when he gave a speech there, like one of the worst speeches ever, he said, everybody who invited me said, why did we invite this guy here to play this clip?
And I tell it. I went over to Davos. They invited me. And when I left, they said, that may have been the stupidest invitation we ever gave to somebody, Switzerland. But they have to, I just say it like it is, they're destroying their country. Their energy is ridiculous, what they've done. and the immigration, I'm telling you, it's a place where many of these countries are not recognizable and I'd like to see them straighten it out. Very soon, it's gonna be impossible for them to straighten it out.
We have our director of- So you have that as a split screen, Donald Trump ranting and raving at a prayer breakfast, and then you have economists posting things like this. Sobering data, sobering data from Challenger, that's the company that puts out that data, on the US labor market. Announced job cuts in January more than double year over year, hitting its highest level since the 2009 Great Recession. Most notably, these layoffs are occurring while GDP is growing at 4%, accelerating the decoupling of employment from economic growth, a phenomenon that if persists has profound economic, political, and social implications, meaning when people talk about the K-shaped growth, which means the billionaires are making lots of money while everybody else is suffering right now.
Also, the crypto market is crashing. Crypto has lost $2 trillion in value since October 2025. The sell-off is deepening. It's been crashing every day. It's like dropped into the 60s. As the Kobayashi letter explains, it's absolutely insane what's going on in the crypto market. On October 6th, crypto markets hit a record high market cap of $4.3 trillion. And today, the crypto market is worth just $2.3 trillion, losing more than $2 trillion worth of market cap in four months. Most of crypto's value is being wiped out. Now, Trump's family company, World Liberty Financial, bought crypto at an all-time high. They're dumping it right now. They've sold over $5 million worth of Bitcoin right now. I guess they don't understand that you...
that you buy low and you sell it high and make a profit. They buy high and then they sell low and they've lost a lot of money on that transaction as well. But that's a typical Trumpian logic right there. Yeah, it seems like there's real systemic issues going on. Back to that prayer breakfast for a moment. Donald Trump talks about how when MAGA Mike says, the Speaker of the House says he wants to pray, Donald Trump's like, can we just eat lunch?
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Chapters
5 chapters
1
What recent economic news is impacting Donald Trump?
0:00–0:41
2
How are job layoffs affecting the U.S. economy?
0:41–5:41
3
What did Donald Trump say at the national prayer breakfast?
5:41–11:56
4
What are the implications of the recent job report?
11:56–14:05
5
How is the crypto market performing and what does it mean for Trump?
14:05–17:15