Trump Wakes Up to Morning Disaster of His Own Making
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What disasters did Trump wake up to?
Donald Trump woke up to disasters that he created and that he is continuing to create in the United States of America and throughout the world. We woke up this morning learning that jobless claims spiked in a worrisome sign for the U.S. labor market.
How are jobless claims affecting the US economy?
There were an estimated 242,000 jobless claims filed last week according to seasonally adjusted data released Thursday by the Department of Labor and who even knows now If the Department of Labor is giving all of the accurate data, it may be far more than that. That's an increase of 22,000 from the prior week's tally and a figure that landed above economists' expectations for 220,000 claims. One of the things that CNN is saying is, is this part of the Doge effect, which is now synonymous for job losses? Also, we saw WPP, a major advertising firm, their stock plunged 16%. It's screaming downturn after Domino's, Krispy Kreme, Bed Bath Beyond, and others have a significant warning that consumers are now spending far less as they are terrified in a Donald Trump
economy what is donald trump doing while all of this is taking place he's making matters worse he's sending emails like this to his supporters i subscribe to the email so you don't have to immediate action required donald trump writes it is obvious how passionate you are about saving the america we know and love that's why i just selected you to represent your state as an ambassador for maga
What is the impact of Trump's economic policies?
Please complete my official Trump flash poll before it closes at midnight if you want to become a official MAGA ambassador. When you click that link, it then brings you to a page where Donald Trump tries to grift off you and make a bunch of money off of you while he's crashing the economy, causing you to lose your job, making housing less affordable, and prices are surging. Donald Trump took a good economy. He was handed over by former President Biden, and he is absolutely crazy. crushing it right now. One of the things we learned as well is that Donald Trump is also destroying enforcement against fraud.
Why is the CFPB under threat?
The United States Consumer Financial Bureau, the CFPB, on Thursday dropped its legal action against Capital One, which the agency had accused last month of cheating consumers out of more than $2 billion in interest payments on savings accounts. This is part of the effort. by Elon Musk and Donald Trump to gut an agency that helps people whether you're in red states, blue states, purple states, whatever, the Consumer Financial Protection Bureau was likely helping you and stopping corporations cheat you. And remember, Elon Musk posted CFPB RIP and then they went on and attacked it. And then a federal court issued an injunction basically stopping the Trump administration from gutting the CFPB. Then the Trump administration filed paperwork in court lying and saying, oh, we're not gutting it. We're just trying to streamline things. And I guess by streamline it, they mean helping fraudsters.
One of the things we just learned as well this morning, the disasters of Trump's own making, is that the Trump administration has canceled an upcoming meeting of the Food and Drug Administration's Vaccine Advisory Committee, a move that could complicate efforts to produce flu shots in time for the upcoming flu season. One of the things we're also learning is buy Canada, buy America. As Bloomberg reports, grocery stores are promoting in Canada are promoting home grown produce to consumers as 85% of Canadians now hunt for alternatives to U.S. goods. Remember a few weeks back when some of the press was reporting, oh, the boycotts 10% or 20% of Canadians. I said, uh-uh. I speak to Canadians every day.
The Midas Touch Network is the most widely downloaded podcast right now in all of Canada. And I said, I bet you that boycott is more than 50%. I said, it's probably closer to 100%. Now we're finding out that number is about 85% of Canadians do not want to buy American stuff at grocery stores. Think about when that starts to hit the American economy. It already is one of the numbers that is now the lowest number ever. U.S. pending home sales, the lowest number ever. Didn't Donald Trump say he was going to make housing more accessible, housing more affordable? And just think about it. That's something he could have jumped in, actually said he was going to do it on the campaign.
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Chapters
6 chapters
1
What disasters did Trump wake up to?
0:00–0:14
2
How are jobless claims affecting the US economy?
0:14–1:39
3
What is the impact of Trump's economic policies?
1:39–2:18
4
Why is the CFPB under threat?
2:18–5:16
5
What are the consequences of Trump's tariff decisions?
5:16–8:14
6
What is Fatty 15 and how does it work?
8:14–15:20
Speakers
6 identifiedMore from The MeidasTouch Podcast
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