Trump's Catastrophic Morning just got Even Worse for Him

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The MeidasTouch Podcast 15 min 4 speakers 3 chapters transcribed 2 months ago
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What headline shocks open the day and set the tone for Trump's worst morning?

Ben Meiselas 0:00
It has been a catastrophic day for Donald Trump, perhaps the worst day of his presidency yet. Of course, you probably know by now that the Democrats on the House Oversight Committee were able to get their hands on new emails between Jeffrey Epstein and Ghislaine Maxwell, as well as Jeffrey Epstein and Michael Wolff, and other Epstein emails which link Donald Trump to conduct that is abhorrent. Jeffrey Epstein says that basically Donald Trump knew everything. He would hang out in the house with the victim. We'll get to that in a moment. But I want to cover the other disasters in Donald Trump's morning and day thus far. Let's just take a look at the headlines this morning. Tariffs are forcing brands to cut back on Black Friday deals.
Ben Meiselas 0:51
Trump's literally the Grinch destroying Christmas. You know how MAGA Republicans would say, oh, the Democrats want to destroy Christmas. Donald Trump is quite literally doing that. As Carl Quintanilla writes from the Bloomberg article, it just doesn't make financial sense for us to offer discounts. because our costs of goods are so high because of tariffs. Less discounts, less purchasing, high credit card debt, and massive delinquencies there spells big, big trouble. You take a look at, just say coffee, Coffee futures right now ranging near record levels. And you know right now that if you go out and buy coffee, how expensive it is. So now Treasury Secretary Scott Besant is floating the idea of coffee tariff relief and tariff relief on other products.
Ben Meiselas 1:46
tariff relief i thought you all said that tariffs were gonna make us so rich and they're your tariffs against the world now we need relief from your tariffs right donald trump creates the problems destroys the lives of our soybean farmers destroys construction manufacturing destroys many sectors and then needs to bail him out and provide him relief or just let him go bankrupt just take a look at this one as well. It's not just affordability that Americans are anxious over. They're anxious over jobs as well. 55% of employed Americans say that they are concerned right now about losing their jobs. And 62% of respondents said the cost of their everyday items had climbed over the last month. but Donald Trump and MAGA says this is all a hoax and that we're living a golden age.
Ben Meiselas 2:37
We're in the gilded age indeed. We're all having great Gatsby parties just like Donald, aren't we? With the slogan, a little party never killed nobody, right? Aren't we all living that way? Absolutely not. Donald Trump is making the American people suffer. Donald Trump is starving the American people to death. Donald Trump and the MAGA Republicans are ripping away the health care of over 20 million Americans. Why? Because they hate Americans. I mean, just listen to what Donald Trump said last night. He said that Americans are too stupid to do the jobs that we need foreign workers for because Americans can't do those jobs. And then in the same interview with Laura Ingraham, he said that Americans can't attend these universities.
Ben Meiselas 3:19
That's why we need at least 600,000 Chinese students to fill those seats. Americans are too dumb to go to those universities. Donald Trump saying that on Fox and the MAGAs are pissed. I showed videos, I did on a video this morning, I showed some comments by these former MAGA people who were like, this is the ultimate betrayal by Donald Trump. Let's take a look at another data point. Don't worry, I'm going to get to the Epstein files in just a bit.

How are Trump's tariffs and rising costs impacting Black Friday deals and everyday prices?

Ben Meiselas 3:46
But I don't want to lose sight of the other things that are impacting Americans while Donald Trump is also covering up the Epstein files. Auto loan delinquencies hit a record high for the riskiest borrowers. Not a good data point as well. And Donald, What do you think is going to happen if you do subprime 50 year plus mortgages? What do you think is going to happen then as well? And by the way, that doesn't address the issue of affordability and housing, which is a supply side issue because corporations, hedge funds, private equity, they're out there buying the supply of homes and competing against individuals who want to buy homes for their families and they commoditize it and sell it.

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