In short
The episode is a political commentary on Donald Trump’s Oval Office press conference, focusing on a “feed cut out” moment and Trump’s claims about the Iran war, prescription drug pricing, and other policy numbers. The host argues Trump “crashes out,” uses invented timelines, and exaggerates achievements (including claiming he “saved eight young women” in Iran). Key examples cited: Trump saying the Strait of Hormuz is under U.S. control and will open only when a deal is made; claiming “600%” drug discounts; and comparing his crowd size to Martin Luther King’s.
Guests
Rep. Tom Swasey (Democrat) discusses affordability, tariffs, gas prices, deficits/interest rates, energy policy, and immigration; RFK Jr. is mentioned as chiming in on the drug-discount math; Howard Lutnik is mentioned testifying he sold one “Trump gold card”; and Jameson Greer (Trump trade representative) is discussed via his tariff cross-examination.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOTrump's Disastrous Press Conference
2:51 to 3:39
Analyzing Trump's chaotic press conference in the Oval Office.
“He was crashing out and the feed cut out as he seemed to be saying that I could use a shit right now.”
Trump's Claims on War in Iran
3:39 to 4:33
Discussion on Trump's claims regarding the war in Iran.
“As he's covering up the Epstein files, he's created a fictitious story where he believes he saved eight young girls in Iran and that he deserves credit for that.”
Trump's Control Over Iran's Military
4:33 to 6:24
Examination of Trump's statements about military control in Iran.
“So if you're asking for - And then Donald Trump is asked, so how much longer are you going to wait?”
Trump's Controversial Remarks
6:24 to 8:02
Highlights of Trump's controversial statements and responses.
“You had initially said it would be four to six weeks.”
Trump's Drug Price Proposals
8:02 to 9:49
Analysis of Trump's proposals regarding prescription drug prices.
“and how he gets more people in his crowd than Martin Luther King got by the Lincoln Memorial, by the reflecting pool.”
RFK Jr.'s Response to Trump's Claims
9:49 to 11:30
RFK Jr. responds to Trump's mathematical claims on drug prices.
“I didn't put the name, Bobby did and Oz did.”
Discussion on Trump's Economic Policies
11:30 to 14:00
Critique of Trump's trade policies and economic impact.
“was questioning me during the hearing, and she was ridiculing President Trump for his math.”
Economic Challenges and Public Perception
14:08 to 16:14
Discusses the impact of tariffs and economic policies on affordability and public sentiment.
“Do you disagree with Neil Bradley from the U.S.”
The Trump Distraction Strategy
16:15 to 17:51
Explores how Trump's tactics distract from pressing economic issues affecting Americans.
“And what I've always said, and I'll stop talking, the president's like a pickpocket.”
Addressing Affordability and Political Accountability
17:52 to 19:42
Emphasizes the need for political accountability and rational economic policies to address affordability.
“If you cut the drug price from 600 to 100, which they haven't really even done, that means you're cutting it by$500.”
Show all 12 chapters
Voter Sentiment and Political Strategies
19:43 to 23:06
Discusses shifts in voter sentiment and the importance of voter engagement in upcoming elections.
“Let's go after our strategic adversaries like China.”
Geopolitical Concerns and Economic Impact
23:07 to 24:10
Analyzes the geopolitical issues regarding Iran and their implications for the economy.
“We want to have a real fix for immigration.”
Transcript
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2:36Ben Meiselas:Drivers who save with Jerry could save over$1 ,300 a year. Switch with confidence. Download the Jerry app or visit jerry.ai slash libsyn today. That's j-e-r-r-y dot a-i slash l-i-b-s-y-n. Donald Trump just finished up a disastrous press conference in the Oval Office. He was crashing out and the feed cut out as he seemed to be saying that I could use a shit right now. Here, play this clip. I'm not sure what's going on medically right there, but he did seem to say I could use a shit. Now, he continued to crash out in the Oval Office when talking about the catastrophic war in Iran. I guess the purpose of this press conference was supposed to be to talk about reducing prescription drug prices, but then he started talking about the war in Iran, his catastrophic and unlawful war in Iran.
3:30Ben Meiselas:And then Donald Trump started saying, I deserve so much credit. I saved eight young women, beautiful young women. I saved the young women. As he's covering up the Epstein files, he's created a fictitious story where he believes he saved eight young girls in Iran and that he deserves credit for that. Here, play this clip. or the military operation whatever you want to call it and they're coming to us the problem they have is they are very disorganized right now well now yesterday and i was very pleased with this eight young women were going to be executed yesterday afternoon at six o 'clock and i i asked them call it a favor i call it just a moral request that they not be executed and they came back with an answer that they won't be executing they're going to release it was protesting uh eight beautiful young women very young women and they were the pictures in the paper and it's been a story for a little while and i saw that and i i said let's see we can save them and they were it was very nice what happened so uh they're not going to be what they're doing is as you know they're releasing four of them very shortly and they're going to keep four of them in jail for a period of one month and release him.
4:49So they won't be executed. Yeah, please.
4:51Ben Meiselas:So if you're asking for - And then Donald Trump is asked, so how much longer are you going to wait? How long is this war going to take? Trump's like, Vietnam lasted 18 years. Be quiet. Donald, you dodged the draft five separate times and made up that you had bones first. But here's what he says. Play this clip. On the war with Iran, how long are you willing to wait until you get a unified response? don't rush me jeff uh you know guys like you you want to say oh so we were in vietnam like for 18 years we were in iraq for many many years we're in for all the i don't like to say world war ii because that was a biggie but we were four and a half almost five years in world war ii we were in the korean war for seven years i've been doing this for six weeks and we're their military is totally defeated.
5:41They're outside of the little wise guy ships. I call them the wise guy ships, the little boats that they have running around with guns in them. We'll take them out too when we see them.
5:55Ben Meiselas:So there are more questions like give us a timeline, man. Give us a timeline. He's like it's only been 5.5 weeks. He just like makes up times. And her reporter's like no it's actually been two months and you said it would last four to six weeks and so now it seems like it's never going to end. And he's like, what a disgraceful question you're asking here. Play this clip. We have no pressure. It's only guys like you with a question like that about what's your time. We've been doing it for five and a half weeks. But sir, it's been eight weeks that the U.S. now has been involved with Iran. You had initially said it would be four to six weeks.
6:27Ben Meiselas:But I also took a little break. I gave them a break. And then Donald Trump's like, look, if we ended the war right now, it would be a tremendous success already. Think about we control the straight of her moves. You don't. You're delusional. You're literally a psychotic human. We do not control the straight of her moves. What the hell are you talking about? Play this clip. I'm a break. And remember this. I want to make the best deal. I could make a deal right now. Do you know that if I left right now, we had a tremendous success. It would take them 20 years to rebuild. But I don't want to do that.
6:59I want to have it everlasting. thing i want to have it where they never get they never have a chance to get i mean the way you asked that question yeah i did say it i thought it would take uh four to six weeks and i was right because at the end of six weeks at the end of four weeks the military was decimated but now what i'm doing i don't i can't tell you that i don't want to put that kind of a timetable on it but it'll go pretty quickly and uh we'll have the straight opened up now right now we have it closed We have total control of the straight. And the fact that it's close, you know, they would have opened it up three days ago.
7:34They came to us and they said, we will agree to open the straight. And all my people were happy. Everybody was happy except me. I said, wait a minute. If we open the straight, that means they're going to make$500 million a day. I don't want them to make$500 million a day until they settle this thing. So I'm the one that kept it closed. We have total control of it. And it'll open when they make a deal or something else happens that's very positive.
7:58Ben Meiselas:And then he talks about Martin Luther King and how he gets more people in his crowd than Martin Luther King got by the Lincoln Memorial, by the reflecting pool. Here, play this clip. And you'll see the ramp too. We're keeping the ramp. And that was for FDR. He needed a ramp, some people would know. And in his honor, we're leaving it. I wanted to leave it. It means something. The other thing that we're doing that's taking place right now is the lincoln memorial has a beautiful reflecting pond or lake they call it a pool lake and pond all everything is different but the word reflecting is a good term it was built in 1922 and it was built out of granite and various stones on the bottom and they didn't never look great because it's not really meant to be a stone that's underwater for that much of a period of time it's about a foot and a half to two feet deep you all know it well that's where martin luther king gave his great speech and he had a million people and i had the same exact crowd maybe a little bit more but they said i had 25 000 people in july 4th i have pictures of martin luther king's crowd my crowds the exact same everything but it was 70 years difference the exact same crowd but i They actually had more people, but that's OK.
9:20They gave him they gave him a million people. They said a million people. I had 25 ,000 people. So these are the things that we had on July 4th a few years ago, first term. So you have this reflecting lake pond.
9:38Ben Meiselas:I mean, completely outrageous. And then he starts talking about the prescription drug prices and how his name is on how his name is now going to be on all the drugs that are backed by the government. and they're gonna call it Trump drugs. Dudes, what are you talking about? Let's play this clip. I didn't put the name, Bobby did and Oz did. It's true, actually. Remember I came in, I said, what's this? You like the name of Slash? It'll be better, it'll sell better, would you help us? So I now have my name on medication. Yeah, no one really cares about that. No one cares about golden ballrooms. Nobody cares about triumphal arches.
10:14Ben Meiselas:No one cares about Club Rose Garden or you getting Qatari jets. And what we really care about is what are you doing for Americans right now who are suffering and struggling and who can't afford anything. And so what he does, though, is because he's been a con artist his whole life, he just starts making up numbers again. And he's like, well, we secure gigantic discounts, 600 % discounts. Stupid. Stop saying stupid things, man. 600 % discounts. The pharmaceutical companies aren't paying people. Stop. Stop. Here, play the clip. They're part to bring down the cost of health care for all Americans under our most favored nation's agreement.
10:51We've secured gigantic discounts with price differences from four to five and even 600%. 600%.
11:00Ben Meiselas:Yeah, that's not a real thing. It can't go down that much. Just please, just people aren't dumb. Just speak to people like a normal grownup. Like, can we start with that baseline? But then you have RFK Jr. He chimes in and he's like, oh, one of the Democrats thought they were being all smart. And they're like, you can't reduce something by 600 percent. And I'm like, you don't know the way we do percentages here in the Oval Office. Here play this clip. So, Bobby, please. Thank you. Thank you, Mr. President. I was reminded when the president was speaking of a conversation that I had yesterday with one of the Democratic senators.
11:37was questioning me during the hearing, and she was ridiculing President Trump for his math. And she was saying, it's mathematically impossible to have any drug drop by 600 % cost, which he had claimed. And I said, well, if the drug was$100, and it raised the price to$600, that would be a 600 % rise. If it drops from 600 to 100, that's a 600 % savings.
12:04Ben Meiselas:how are these how how is this even real how is this not idiocracy it is it's just real and people are really suffering from these idiots then you had howard lutnik today testifying that he's only sold one of these trump gold cards you know what he previously promised he was going to sell remember he was going on all the right-wing podcasts here's what he said let's play it by the way uh yesterday i sold a thousand oh you did i got a poly market i created on how many of you guys going to sell this year? And how many people do you think there are that could qualify in the world? There are 37 million people in the world who are capable of buying the card.
12:38In case you were wondering. 37 million. That's a lot more than Chad GPT told me. Who are capable of buying it. Who are capable of buying it. Now, I'm not saying they will, but they're capable of buying it. How many do you think you'll sell? The president thinks we can sell a million. So five trillion, five trillion dollars.
12:53Ben Meiselas:The stupidest stuff in the world. They've sold one thus far, and I'm not even sure if that's true, but he said under oath one. Then you have Jameson Greer, Donald Trump's trade representative, testifying. Watch as he was cross-examined by Democratic Congressmember Swazi. Let's play it. Are tariffs increasing prices for the American consumer? So I'm going to say no. Have you ever heard the expression that businesses crave predictability? Sure, we've heard about that. Would you agree that there's been some instability and volatility caused by the trade policy of this country? We saw some volatility last year.
13:25You disagree with this statement from the Tax Foundation that these tariffs are causing cost to go up$1 ,000 per household. Do you disagree with that? I do disagree with that, yes. And you disagree with the statement from the Yale Budget Lab that this is costing each household$2 ,400? I do disagree. On an annual basis? How about from Moody's Investment Services? These tariffs are raising inflation and the cost of living. Do you disagree with that? I do disagree. And you disagree with the fact that Moody's also says this reduces jobs and reduces the strength of our economy? We are the strongest economy in the G7.
13:56U.S. Chamber of Commerce, the Tax Foundation, these are conservative institutions that are saying that these are costing consumers$1 ,000 a year,$2 ,400 a year,$4 ,200 a year. So you disagree with all that. Do you disagree with Neil Bradley from the U.S. Chamber of Commerce, who says that these tariffs have caused significant cost increases?
14:15Ben Meiselas:There's a bunch of ridiculous people. I want to bring in Democratic Congress member Tom Swasey, who you saw do that cross-examination right there. Congress member Swasey, it's good to see you. And, you know, with all of Donald Trump's distractions and fake deadlines and not meeting the deadlines, you know, I think that the media often is covered on that. But, you know, people in your district and throughout the country right now, I mean, they're psyched. This is how they describe it to me. I'm psychologically tortured, living paycheck to paycheck right now. And things are only getting worse. And so you saw there with your cross-examination of Jameson Greer, they're living in this Mar-a-Lago fantasy Bernie Madoff fraud world.
14:54Ben Meiselas:Can you talk to us about it, Congressman? Yeah, I think this is catching up with them. You know, when the president says affordability is a hoax and his team of people like Ambassador Greer, as well as the Republicans running for office, going along with that, they're going to have to pay for that in November because the biggest issue for Americans today is affordability. And there are specific policies of this administration that are making things more expensive. They're not even like debatable. Tariffs are making things more expensive. The war is making gas prices more expensive. The big, beautiful bill caused the biggest deficit in the history of the United States of America.
15:33That's upward pressure on interest rates. It's keeping interest rates high. You can't buy a house. You can't lease a car because the interest rates are so high. Energy costs are going up because they cut all the green energy supply at a time there's increasing demand because of all these data centers. For 20 years, energy demand was flat. And now for the first time in 20 years, it's going up because of the data centers. And they're cutting supply by not doing all of the above, by cutting the green energy projects. And there's so much more that goes into this as well. Things that are all causing upward, even the immigration policy has reduced the size of the workforce and is causing upward pressure on the costs in America.
16:11And they're saying it's a hoax. They're not even focusing on it. And they're talking about everything else. And what I've always said, and I'll stop talking, the president's like a pickpocket. And what do pickpockets do? One guy bumps into you. And when you're bumped into and you're distracted, the other guy picks your pocket. So he'll talk about crazy stuff. Health insurance rates are going through the roof. and we were trying to deal with the premium tax credit issue and the cuts of Medicaid. And what did he make the issue? Venezuela and Greenland. He tries to change the topic by attacking the Pope or by, you know, we're going to wipe out a civilization just so we don't talk about the real issues that are affecting real people's lives.
16:49Ben Meiselas:You know, it's a tactic used by con artists, right? I mean, at some point, the Ponzi scheme runs its course and people say, you know what? I want my deposits back, Bernie Madoff. And what do they say? Just give me two weeks. We've got a great plan. Give me two weeks. Give me two weeks. And now we're in this two week Donald Trump failure loop, which frankly, you from New York, you've seen the Trump failure loop play out your entire life, whether it was failed businesses in Atlantic City or nearby. it's this loop where adults and grownups who confront problems have some humility. Look, we all fail in life sometimes, but you recognize the problem.
17:33Ben Meiselas:You try to address it. You bring in experts. You deal with it. You try to progress. Maybe you fail, but you learn from your mistakes. He does this two-week loop where he just delays, delays, delays, denies, and he turns a bad problem into a worse, a worse into a catastrophic, a catastrophic into a bankrupt. And I just feel that's where we're being brought now into the abyss with everything he's doing now with this catastrophic war and everything he's doing at home it's just a delay delay delay and then i think he wants to dunk it on when a democratic president comes into power and then the magas are all like we're fiscal hawks look what you oh my gosh fix it right yes it's delay delay delay distract distract distract and i think it's finally catching up with them i mean it's really i mean it was kind of funny watching the whole thing about the 600 % decrease.
18:22If you cut the drug price from 600 to 100, which they haven't really even done, that means you're cutting it by$500. $500 divided by$600 is 83%. It's not 600%. It's my math thing. I'm a CPA. So these guys are really just bamboozling people. And I think the public is catching up with it. And you can go in a hearing and you can say these tariffs are not increasing prices. But then when people walk into the supermarket and they're buying things, they're like, oh my gosh, what's happening? When people go to the gas station and they see the gas prices, they're like, oh my gosh. Biden had a little bit of this problem as well when they were talking about the stock market's doing well, we're recovering quite a bit, we're creating a lot of new jobs.
19:08But people saw what was happening to the economy. And it's worse now than it was then. and they're just ignoring it. He literally says on multiple occasions, this affordability issue is just a word. It's a hoax. And people's real lives, they feel disrespected and they feel like nobody's hearing them. And the problem is for both sides, Democrats and Republicans, is everybody's just pointing fingers at each other. You're no good, you're no good, blah, blah, blah. And the people are out there and they're like, what about me? What are you doing for me? So we have to make sure that we are showing people that we have to have a rational tariff policy.
19:48Let's go after our strategic adversaries like China. That's okay. But don't treat our friends like Canada and Europe the same as we treat our adversaries. Can we try and negotiate better deals? Yeah, I'm all for that. But let's not treat them like they're our adversaries. These are our allies over long periods of time and a very important part of our economy and our lives here. so we have to have some rationality we you say all the above during the campaign and then you say no it's just oil and gas we want okay you want to do oil gas you want to do natural gas fine we just shouldn't do as much climate change is real but let's do solar and wind they canceled projects that were 80 percent complete wind projects were 80 percent completely try to cancel them and then the court ruled against them the court ruled against them on the tariffs that what they were doing is illegal they they cut the premium tax credits came so close to fixing it in the Congress and then the Senate bailed on us.
20:41So we have so much to do. But the first thing we have to do is recognize that people are suffering. I heard someone say the other day, you know, because of all these economic problems, people have to delay the purchase of a home and delay the leasing of a car, which is bad. That's not bad. But you know what? There are people who can't pay their rent. They can't pay their basic bills. It's not even buying a house or leasing a car, which, you know, that's important too, but some people are just suffering paycheck to paycheck. And the first thing we have to do is recognize that we, you know, Bill Clinton was famous for, I feel your pain.
21:17We have to show people that we understand that they are suffering and that we care and that we will work hard to try and solve those problems. And enough with just the distractions and the pickpockets.
21:29Ben Meiselas:Your congressional district is mixed. I mean, you won your district, but Trump got more votes than Kamala in your district. 19 ,000 votes he won my district by. Yeah. Yeah. Are you seeing, like we see in the national numbers these shifts, you know, Trump's approval now at 33%, on the economy 30%. Are you seeing, like when you go around to, you know, the different spots that you go to over there? There are people that voted for Trump that are having buyer's remorse. And there's a reason that they're raising this enormous amount of money. because and the reason that they started the whole thing with the redistricting in texas because trump's going to do everything he can to defy history which is that the sitting president often loses his party often loses in the midterms and so he wants to do everything he can to change that he's going to cheat like the redistricting in texas that started this whole redistricting war and you know hakeem jeffries and others have fought back and won these fights uh he's raising this enormous, crazy amounts of money.
22:38Republicans just have way more money than the Democrats do. And he's going to try all this distraction maneuvers. And he's going to try and make it so that he depresses turnout so everybody's mad at everybody. They're mad at all the politicians and they're discouraged and they're disengaged so they don't participate. So the most important thing we need people to do is show up and to pay attention and to get out and vote and say, we want our country back. and we want to address the very real issues that we face. We want to address the affordability. We want to have a real fix for immigration. We need to address the health care costs in our country.
23:15And we have to deal with this crazy war in Iran right now. When the war first happened in Iran, I was born in 1962. I was 18 years old. My first vote was 1980 during the Iran hostage crisis. And when we first attacked Iran, I was like, let's get those guys. They've been treating us deaf to America and all this bad stuff. They're supporting the Hamas and the Houthis and Hezbollah all these years. We've got to get those guys. Then we went to the briefing, and I was like, wait a minute. This really doesn't seem to be a plan here. There's no plan. Then we heard about the Straits of Hormuz, and we saw the whole gas price thing.
23:47We're like, wouldn't you think that that's one of the most basic things you would have thought of ahead of time? There's a reason they've been doing all this bad stuff for 47 years, and nobody ever attacked them before because there's a lot of consequences. But they're acting off of instinct, and they think they can just bluff their way through this stuff. This is serious life and death business, and we have to get serious people who are willing to work together to solve problems.
Read the full transcript
24:09Ben Meiselas:Congressman Swazi, thanks for joining us. Thanks, man. Everybody hit subscribe. Let's get to 7 million subscribers. Want to stay plugged in? Become a subscriber to our sub stack at MidasPlus.com. You'll get daily recaps from Ron Filipkowski, ad-free episodes of our podcast, and more exclusive content only available at MidasPlus.com.
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From the publisher
MeidasTouch host Ben Meiselas reports on Donald Trump crashing out in the Oval Office and going mute on the war while engaging in an unusual press conference on drug prices and Meiselas interviews Democratic Congressman Tom Suozzi on Trump hurting the economy.
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