In short
The episode argues Fox News and Trump administration officials are delivering contradictory, misleading economic messaging—claiming affordability, job growth, and GDP strength—while the host claims unemployment and other indicators are worsening. It also criticizes Republican figures and coverage of foreign policy and health policy.
Guests (as named/quoted)
Larry Kudlow (Fox Business host; argues affordability is overrated). Scott Bessent (Treasury Secretary; blames “Schumer shutdown” for weak GDP; claims lower energy and possible peace/oil price drops). Kevin Hassett (economic advisor; claims factory jobs are picking up despite a “bad” jobs report). Howard Lutnick (Commerce Secretary; says removing tariffs on coffee/meat/fruit/bananas is a move toward affordability; predicts big job/GDP gains later). Rick Scott (health policy leader; criticized for Medicare/Medicaid fraud background). Tom Cotton (discusses Venezuela/Caribbean military buildup; frames strikes as anti-drug-trafficker, not war crimes). Caroline Levitt (New York Post; claims Trump “sniffs” foreign leaders).
Key claims
Fox can’t “save” Trump; unemployment calculations are manipulated; officials promise future growth (“second half of next year,” “6% GDP”) as a con tactic; tariff removals are framed as too little/late; energy price drops drive affordability; health and accountability are dodged; military strikes are not war crimes; Trump’s Oval Office behavior is mocked.
Notable examples
unemployment rate cited at 4.44% with alleged labor-force-growth adjustment; tariff removals on coffee/meats/fruits/bananas; “Boeing” and “rare earth magnets” plants; “peace dividend” and Venezuela/Russia scenarios for lower oil; senator payouts repeal story; claims about Trump spraying/scenting leaders.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOFox News in Crisis: Trump's Decline
0:00 to 1:20
Learn about the plummeting popularity of Donald Trump and Fox News' struggle to manage it.
“State regime media, which calls itself Fox News, collapsing live on air.”
Economic Indicators and Unemployment
1:20 to 2:40
Discussion on unemployment rates and economic projections amid Trump's leadership.
“Chris Lowe, the economist, adjusted for known border crossings and deportations now under President Trump.”
The Role of Treasury Secretary Scott Bessant
2:40 to 4:00
Insight into how Treasury Secretary Scott Bessant addresses economic challenges.
“So then they got to bring on Treasury Secretary Scott Besant and this arrogant guy who lived in like a pink replica of Barbie's Malibu mansion.”
The Confusing Messages from Economic Advisors
4:00 to 8:12
Exploration of contrasting economic messages from Trump's advisors regarding job growth.
“So, you know, I would believe that the Fed should be looking at the data and thinking things could, we don't know where things are.”
Howard Lutnick's Economic Strategies
8:20 to 14:00
Discussion of Howard Lutnick's approach to trade policies and their implications for affordability.
“So then they try the third person, right?”
The Impact of Oil Prices on Affordability
14:00 to 14:26
Discussion on how energy prices influence overall affordability and the economy.
“that if something happens with Russia, Ukraine, if something happens down in Venezuela, that we could really see oil prices go down even more And oil and gasoline prices are down substantially under President Trump.”
Rick Scott's Controversial Background
14:26 to 15:08
Exploration of Rick Scott's history with Medicaid and Medicare fraud allegations.
“Rick Scott, who was a senator from Florida, who made his money being involved in the biggest Medicaid and Medicare fraud criminal case against his company in history.”
Senate Payout Controversy
15:08 to 15:47
Analysis of the proposed payout for GOP senators and public reaction.
“And this is with respect to the Republicans creating a law that pays the Republican senators half a million dollars.”
Government Accountability Issues
15:47 to 16:13
Discussion on accountability for government officials involved in controversial decisions.
“How do we know it's half a million dollars?”
Tom Cotton on War Crimes
16:13 to 17:18
Tom Cotton's defense of military actions in the Caribbean and their implications.
“Then they bring on Tom Cotton about the war crimes being committed and they don't call it that.”
Show all 11 chapters
Trump's Unusual Behavior with Leaders
17:18 to 18:12
A bizarre account of Trump's interactions with world leaders involving cologne.
“that all of these strikes have been against cartel-based drug traffickers who are destined for the United States.”
Transcript
Automatic transcript. May contain errors.0:00Ben Meiselas:State regime media, which calls itself Fox News, collapsing live on air. They have no clue how to save Donald Trump, who continues to plummet. Even in the Fox polls, Donald Trump is the least popular president in modern presidential history. Fox poll shows that Donald Trump is in full death spiral mode right now. Let me show you what they're trying to do. On the one hand, they had people like Larry Kudlow, a host on Fox Business, And I put business in quotes saying, I think affordability is just like such an overrated issue. It's like so overrated. Here, play this clip. There are issues on some of these prices, although I think affordability is greatly overrated.
0:42Ben Meiselas:But on the other hand, they have hosts who talk about how the unemployment rate going up to 4.44 % based on the September unemployment figures is really bad, like bad, bad. and it's going to get much worse when we get October's numbers. Here, play this clip. The unemployment rate going up to what is a cycle high of 4.44 % if you look at the full number. And it's not good news because if you look at these are people entering the workforce, yeah, not so much. The way that the Bureau of Labor Statistics calculates this, they interpret the numbers as follows they use a census bureau population estimate to inflate the survey sample size to the u.s population size so the number that they're using the census number they're using for population growth is based on a comprehensive population update that was done at the end of last year.
1:48Chris Lowe, the economist, adjusted for known border crossings and deportations now under President Trump. The actual numbers likely show that half that number that was used in this calculation is reflected half that much labor force growth. So cut that labor force growth number in half, that is near zero employment growth in the household survey used to calculate the unemployment rate. So the unemployment rate based, and so an unemployment rate that is still 4.44%, that is the ratio in the sample. So if you adjust the calculation, it's not because of good
2:37Ben Meiselas:news. So you see, they're not really sure how to position Donald Trump's crash right now. So they go back and forth. So then they got to bring on Treasury Secretary Scott Besant and this arrogant guy who lived in like a pink replica of Barbie's Malibu mansion. I kid you not. In Charleston, South Carolina, it was like literally the replica, like$22 million. This guy's like basically a billionaire. And here's what he had to say. He's like, you know what? The real issue here was the Schumer shutdown. The Schumer shutdown made things worse. And now we're going to see the GDP for the fourth quarter be really bad.
3:14Ben Meiselas:Here, play this clip. And is this why the Fed is sending signals to the market that they may not be lowering interest rates, which seem to be what took the market in part down at the latter part of the day? Laura, I think there are a lot of signals coming from the Fed, and some of them are very confusing. They said that they don't have data, And traditionally, if you don't have data, if you're flying blind, they've cut twice and they said that they're insurance cuts. So I would have thought that they would want to take out a third cut, more insurance. And also, we know that under the Schumer shutdown, that the economy got worse.
4:02So, you know, I would believe that the Fed should be looking at the data and thinking things could, we don't know where things are. We've been cutting and we should finish the cutting cycle or keep going with the cutting cycle. Because, again, the fourth quarter GDP will have taken a definite hit from the shutdown.
4:32Ben Meiselas:No one buys that. No one buys what you're selling. No one called it the Schumer shutdown. Everybody knows that Trump controls all of the branches of government. He has ruled as an authoritarian. And y 'all are accountable. And the Republicans in the House took a vacation. We all know, as you covered up the Epstein files, we all know what you were doing. Then Treasury Secretary Scott Besant over here says, but the one thing we're not going to do is tell the American people they don't know what they're feeling. Donald Trump's out there saying golden age. They literally lie about everything in the worst ways.
5:10Here, watch what Besant says. Here, play this clip. And I think what we are going to see, just as we saw in the Boeing plant, in this rare earth magnets plant, we are going to see these trade deals turn into jobs. And look, the one thing we're not going to do is tell the American people they don't know what they're feeling like the Biden people did. They said it was a vibe session. You don't realize how good you are. Shut up. Move along. And we believe that the policies are right for the country and that we will see a substantial non-inflationary acceleration.
5:51Ben Meiselas:So after Treasury Secretary Scott Besson says, the one thing we're not going to do is tell the American people that they don't know how they're feeling, then they bring on National Economic Advisor, National Economic Advisor. And this guy goes, Kevin Hassett, he goes, factory jobs are picking up. Like factory jobs are doing good, construction, manufacturing. No, the jobs report was bad. Construction, manufacturing, transportation, all of those sectors bad right now. Here, play this clip. One area that we can look at is manufacturing jobs. And you just made an argument for why we may not have seen strength there so far since President Trump took office.
6:35But that you expect when you expect those jobs to actually kick in. If they're building those factories and facilities now, when does that really kick in, Kevin? Right. Well, it's first the factory jobs are, you know, are picking up.
6:49Ben Meiselas:So they're quite literally telling people what they want to hear, but it's a lie and people know it's a lie and they know when they hear it that it's a lie. You ever have that moment where you think you know your budget, like your spreadsheet says you should have more money left over, but your bank account is telling a very different story? That was me and that's exactly why I started using Rocket Money. Rocket Money is a personal finance app that helps find and cancel your unwanted subscriptions, monitors your spending, and helps lower your bills so you can grow your savings. Once I signed up, it instantly showed me expenses I'd totally forgotten about, little subscriptions I hadn't used in months.
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8:25Ben Meiselas:So then they try the third person, right? So the first day had Treasury Secretary Scott Besson, the National Economic Advisor Kevin Hassett, and they're like, all right, all right, let's bring in Lutnik, Howard Lutnik. And Howard Lutnik goes, OK, here's how we're doing with affordability. Here's how we're doing it. What you see, what we're about to do, it's going to be major. We're going to deal with coffee. We're going to deal with bananas. We're going to deal with all of this stuff. And so what he's talking about is they're going to remove their own tariffs on these products because their tariffs made things more expensive.
9:07Ben Meiselas:And now they want us to applaud them for removing the tariffs on the things we warned them would make things more expensive. Here, play this clip. Howard Ludley, let me ask him, are you changing or changing at the margins of trade policy? Because a lot of people were very, very happy. You pulled the tariffs on coffee and meats and fruits and bananas and whatnot. Those struck some people. And I was skeptical myself. A little bit punitive tariffs. Not really reciprocal tariffs. So now you pull them. Prices are going to come down. Is this a significant change in trade policy? No, if you understand where Donald Trump comes from.
9:46So when we started this process on April 2nd, He wanted, as you know, trade deals. Let's just go make trade deals. If a country makes a trade deal, we'll give them coffee. We'll give them cocoa. We'll give them bananas. We'll give them papayas. We'll give them generic drugs. We'll give them all these different things. If they do a trade deal with us to make sure our exporters, if you produce in America, you can export your goods. Finally, the president has got your back and let you manufacture in America and sell it. All right. And what happened is the president said, look, it's been six months.
10:20It's time. Let's just wipe the slate clean. If people haven't made deals with these smaller countries, it's OK. Let's cut the price on all these unavailable natural resources and let's focus on affordability. So what you're going to watch is the president's going to focus on the small things that touch the American's pocketbook and he's going to bring them all down. He's going to use the power of what he has created to bring these prices down.
10:48Ben Meiselas:I just want you to think about this even like from the perspective of like Brazil, right? Brazil did nothing. Like Brazil had a trading deficit. The United States had a trade surplus with Brazil. We had a good trading relationship with them. They're a big democracy that doesn't mean they're perfect by any stretch. We had a good trading relationship with them. Trump was pissed that their insurrectionist former president, Jair Bolsonaro, who's a MAGA guy, a MAGA puppet, was prosecuted and he's thrown in jail for like 21 years. So Trump hits Brazil with like 50 % tariffs. He's like, look what I'm going to do.
11:24Ben Meiselas:And Brazil's like, well, that's disrespectful. Why would you do that? And then Donald Trump just this past week removes the tariffs against Brazil on coffee and things like that because Trump realizes that he's just, you know, that affordability is a real thing and he's screwing over the American people. So then you have more Treasury, more Commerce Secretary Howard Lutnick right here says, what you really got to focus on is that the job numbers, the second half of next year is what we're focused on. The second half of next year. Here, play this clip. The factories are going to come online. You are going to see job numbers in the second half of next year that are going to blow you away.
12:04And these are just the right kind of jobs. We've got to train these people. We've got to get those people in America into the workforce for these great paying jobs. And I think really America, the golden age, which Donald Trump talks about, he is literally saying we are going to build manufacturing in America. and these jobs are gonna blow the numbers away.
12:26Ben Meiselas:Then he's like, yeah, next year, the second half is great. And next year we'll see 6 % GDP. So we went from Treasury Secretary Scott Bessett saying the GDP in the fourth quarter is gonna collapse because he's like the Schumer shutdown. And then you have Commerce Secretary Howard Lutnick saying 6 % GDP next year. Here, play this clip. But the construction jobs alone, You can't invest$3 trillion a year without driving our GDP off the charts. You're going to see fours, you're going to see fives, and you're going to see 6 % GDP growth under this president because the factory's coming home, the tariffs are bringing them home.
13:09You have never seen construction the way you're going to see it. And then when these factories come online, wow, are you going to see numbers nobody's ever thought possible. Right?
13:19Ben Meiselas:This is the common tactic of a scammer and a con artist, right? Your wealth is right around the corner. It's right around the corner. Just wait. We have$22 trillion,$23 trillion. You're going to get so rich. You're not going to even know what to do with it. Just wait. Just wait. Next year's your year. Just a bunch of con artists. Back to Treasury Secretary Scott Bessant. He's like, and you know, if something happens with with Venezuela, wink, wink, wink, like if we invade them and take their oil, then maybe oil prices will go down. This is what they're saying. Here, play this clip. The peace deals, we are seeing a peace dividend from that.
13:59And I think there's a very good chance that if something happens with Russia, Ukraine, if something happens down in Venezuela, that we could really see oil prices go down even more And oil and gasoline prices are down substantially under President Trump. And that is really the key to affordability is lower energy. So energy goes into food prices.
14:26Ben Meiselas:Then Fox brings on Rick Scott. Rick Scott, who was a senator from Florida, who made his money being involved in the biggest Medicaid and Medicare fraud criminal case against his company in history. he invoked the Fifth Amendment like 75 or 100 times. I mean, the guys literally waste fraud and abuse and criminality based on what his company did all in one. And he invoked the Fifth Amendment. And so he's the Republican guy who's running their health. He's like, he's our healthcare guy, the Medicaid, Medicare fraud guy. Go look up Rick Scott's background. Google Rick Scott fraud, Medicare, Medicaid.
15:05Ben Meiselas:This is the main Republican guy on this. And he goes, And this is with respect to the Republicans creating a law that pays the Republican senators half a million dollars. And Rick Scott's like, I don't need that money. Because you made hundreds of millions of dollars on the Medicaid and Medicare fraud company. Here play this clip. Walk us through what we're talking about here, because here's the headline on the journal. Outraged House lawmakers vote to strike$500 ,000 payouts for senators. They say that the House voted Wednesday night to repeal this Senate-crafted provision that could grant GOP senators at least half a million dollars each in taxpayer-funded damages.
15:47How do we know it's half a million dollars? Well, I mean, first off, the provision was put in there. Unfortunately, most of us didn't know that it was in there. And most of us are, you know, like, I don't need to make money off of government at all. What's frustrating to me is what we should have is how do we do something to hold Jack Smith accountable, Judge Boesberg accountable, the people that made these decisions. If Christopher Wray was involved, Merrick Garland, how are they going to get held accountable?
16:16Ben Meiselas:That's what I'm after. Then they bring on Tom Cotton about the war crimes being committed and they don't call it that. And Tom Cotton's like, you know how we know they're not war crimes? Because CNN isn't interviewing the people who were killed or whether CNN should interview the family. You don't think the family members of these people who were killed in the boats fear for their life? Anyway, here's what Cotton says. Are you comfortable with our military buildup in the Caribbean and around the Venezuelan coast? Some Democrats and maybe even some Republicans like Rand Paul are not. Certainly, Brian, we've done a great job of destroying these drug traffickers boats, which is stopping deadly poison from coming into our country.
17:01Secretary Rubio has said that all of these strikes are supported by multiple sources of intelligence. That's correct. You can also use your common sense. If any of these have been boats full of fishermen or refugees, CNN International would have already been on the ground and interviewed all their families and told their stories. I think we can be confident that all of these strikes have been against cartel-based drug traffickers who are destined for the United States.
17:25Ben Meiselas:And then finally, even though this is not technically on Fox, it's on its sister company's podcast, New York, the New York Post. And here is a Caroline Levitt on the show. And she says that what Donald Trump does when world leaders show up in the Oval Office is he sprays them with cologne and perfume and he sniffs them. And he sniffs everyone in the Oval Office that shows up. If he likes you, he sniffs you and you just have to let him do it. Here play this clip. the president went the syrian president came in and president trump sprayed perfume all over him and i just wondered like was did he smell no let me tell you that happens all the time not just the syrian president but i've seen it with other foreign leaders i've seen it with members of our cabinet myself he has a cologne and a perfume yes he's just showing off his wonderful scents He's very generous.
18:23Wow.
18:23Ben Meiselas:Wow, wow, wow. What do you even make of that? That's what's going on on Fox and New York Post. Let me know what you're thinking. Hit subscribe. Let's get to 6 million. And thanks for watching.
From the publisher
MeidasTouch host Ben Meiselas reports on Fox News and Trump collapsing on the sinking ship they created together and nothing Fox can do is able to save Donald this time!!
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